Concurrent Technologies Share Discussion Threads

[browndavid] 22/2/2005 16:03

Dealit, interesting list there, thanks for assembling that. Nice to note that share price is now substantially below the October '03 and April '04 prices of director buying. But, as you say, the big unknown is to what extent the decline in the dollar has affected the profits from US sales. We also have not heard much about new sales growth following the link-up with Intel. Must wait and see. I anticipate a bit of weak run-up to the figures, perhaps to 24p.

[dealit] 21/2/2005 18:32

I have just read the pre close trading statement from last December and things look solid. The only thing that may effect the results is the weak dollar, in saying that the anylist seem more accepting.
Directors have been buying for quit some time now, I do feel that next week would be a good buying opportunity.
I already own CNC and will be topping up.
All the above IMHO

Directors buying:-

(1) 2003-03-03; Michael Collins; Buy; 10,000 shares at 13p
2003-03-03; J B Annear; Buy; 11,600 shares at 14p
2003-03-03; D Evans Hughes; Buy; 11,600 shares at 14p
2003-03-03; G Fawcett; Buy; 11,800 shares at 14p
(2) 2003-10-24; G Fawcett; Buy; 10,000 shares at 25p
2003-10-24; J B Annear; Buy; 10,000 shares at 25p
2003-10-24; D Evans Hughes; Buy; 10,000 shares at 25p
2003-10-24; Michael Collins; Personal Equity Plan - buy; 20,000 shares at 26p
(3) 2004-04-26; G Fawcett; Buy; 11,500 shares at 26p
2004-04-26; Michael Collins; Buy; 50,000 shares at 26p
(4) 2004-04-27; J B Annear; Buy; 11,500 shares at 25p
2004-04-27; D Evans Hughes; Buy; 11,500 shares at 27p
(5) 2004-10-05; G Fawcett; Buy; 15,750 shares at 19p
2004-10-05; J B Annear; Buy; 15,750 shares at 19p
2004-10-05; D Evans Hughes; Buy; 52,500 shares at 19p
(6) 2004-12-07; Michael Collins; Buy; 50,000 shares at 18p
(7) 2004-12-08; Clive Thomson; Buy; 52,000 shares at 19p
(8) 2004-12-09; Michael Collins; Buy; 20,000 shares at 21p
2004-12-09; Michael Collins; Buy; 10,000 shares at 22p
(9) 2004-12-14; D Evans Hughes; Buy; 12,000 shares at 25p
(10) 2004-12-21; Michael Collins; Buy; 20,000 shares at 22p
(11) 2004-12-23; G Fawcett; Buy; 5,000 shares at 23p
2004-12-23; J B Annear; Buy; 5,000 shares at 23p
(12) 2004-12-24; D Evans Hughes; Buy; 16,500 shares at 23p
2004-12-24; D Evans Hughes; Buy; 5,000 shares at 24p

[browndavid] 21/2/2005 14:41

Yup! The buyer of Friday probably knows something.


RNS Number:8326I
Concurrent Technologies PLC
21 February 2005


Concurrent Technologies Plc

Preliminary Results Announcement Date


Concurrent Technologies Plc will announce preliminary results for the year to 31
December 2004 on Monday 7th March 2005. The analysts presentation will take
place at 09.30am at College Hill's offices, 78 Cannon Street, London, EC4N 6HH.


21st February 2005




Enquiries:

College Hill
Nicholas Nelson 020 7457 2020

[browndavid] 18/2/2005 17:50

Up 5% today - maybe someone in the know about forthcoming results?

[drewz] 15/2/2005 15:37

CNC appears to be going nowhere fast in comparison.

[drewz] 15/2/2005 15:37

I lost patience a couple of weeks ago, sold at a small loss and put it into mining and oil exploration - that's where the price action is at the moment - natural resources which are becoming ever scarcer as China and India's huge populations increasingly gobble up available supplies.

[a1canary] 15/2/2005 15:05

losing patience with these - so stagnant! does anyone have a date for final results to dec 04? should see some movement in the run up to that maybe

[dealit] 02/2/2005 07:07

Concurrent Technologies Plc

Product launch

Product Range Strengthened in Defence and Security Markets

Concurrent Technologies (AIM: CNC), a leading manufacturer of high-end embedded
computer products for critical applications in the defence, transportation,
communications and industrial markets, announces the launch of its latest single
board computer, the VP 325. This is aimed at the defence, homeland security and
industrial automation markets.


The VP 325 is a very powerful, thermally resourceful product based on Intel's
1.8GHz Pentium M processor. Another version of the board, which has a speed of
1.4GHz, operates at temperatures as low as minus 40 Celsius or at temperatures
as high as 85 Celsius and is particularly well suited for harsh environments.



Since the beginning of 2004, Concurrent Technologies has rolled out a range of
new products to satisfy the growing demands for ever more powerful and versatile
embedded computers. With its short manufacturing cycle, the company is well
placed within its industry, through its speed of response to evolving customer
needs. The VP 325, for example, is in response to military and transport sector
requirements to combine the ability to operate in extreme temperature
environments whilst running at a higher speed than any existing Concurrent
Technologies wide temperature board.



It is this level of customer fulfilment which helps the company to maintain a
leading position in its specialist niche.



Glen Fawcett, Managing Director, Concurrent Technologies, commented:


'We view the defence market and the United States' growing homeland security
initiative as being a significant area of growth for Concurrent and the
introduction of this type of product, and the others that will follow during
2005, should strengthen our market position and enable us to penetrate into more
applications.'



2nd February 2005

[drewz] 27/1/2005 11:42

Same here, David.

Just a small speculative holding for me here as there is far more price action at present in oil exploration & production stocks like CSH, SEY and VOG.

[browndavid] 27/1/2005 10:30

Happy New Year to all CNC-ers! Extraordinarily quiet on here, one month to the day since last post. Nice to see that 6 people are unanimous that this is a 100% buy. Still holding my few @ average 24p.

[jailbird] 27/12/2004 08:31

directors have been buying much earlier in 2004 and a year ago in 2003.
So I would take the buying as anything too significant. I'm sure over time I expect these to be higher. I think semi related stocks like IQE/SRTS/ARK and CNC will do well in the cong year.

[spurious] 24/12/2004 13:06

Continued Director buying surely points to a substantial recovery in 2005 and the subsequent rerating this profitable and world leading Tec stocks share price deserves. A merry christmas to all
Best Wishes
SP

[makingheaps] 21/12/2004 19:43

Collins is at it again, he really is confident!

[rosethepose] 15/12/2004 17:26

Disappointing, but not particularly surprising, to see CNC fall back 2% today, despite another Director buying yesterday. Maybe only 12k shares but at least its a vote of confidence.

Personally, I feel the MM's move the share price up too quickly on the basis of modestly good news and a few purchases. It then makes it attractive for traders to take a profit and that, in turn, prompts the MM's to mark the share price down on very small levels of trading.

Would be nice to see less volatility in the share price I'm in for the medium term, even longer if the Company comes up with the promised sales surge and increased profits. I'm still confident that CNC will deliver in the first half of 2005.

[browndavid] 10/12/2004 17:03

Haven't seen any split figures, but judging from the website information we can assume that the USA is the largest military customer, and the military applications are the largest sales area - so dollar exposure is substantial. Sales in telecom-related applications are improving (hopefully the whole telecom sector is entering a phase of updating technological infrastructure so this will continue and accelerate) but again no idea of relative exposure to the dollar. The potential for expansion into China must be large, but again rather in the dark regarding relative proportion of current overall sales, so assume this is 'early days'; but with strengthening chinese currency it might be hoped that this will progressively offset the decline in the dollar. The dollar is not generally predicted to be heading for early recovery - indeed, next summer may be a better time to holiday in the USA than present - however, pundits are talking in terms of the dollar hitting 50p, and at about $1.9 to the £ that isn't much further than present (^ 5%). So caution regarding exchange rate influencing profits is the order of the day - however, much caution is already built into the current price. Of course, if UK interest rates prove to have peaked, we might begin to see some relative weakening of the pound...... The joys of crystal-ball gazing!!

Nice to see the price finish on the day's high, bodes well for next week.

[rosethepose] 10/12/2004 15:03

David,

Any idea what % of CNC sales is accounted for by the USA? I presume it is currently one of the company's biggest markets, albeit I believe Europe is quite important and they are clearly expanding into China. Was just wondering how much effect the weak dollar would have on 2005's profits as it evidently has affected this year's performance:

" We now expect a pre-tax profit for the full year, albeit not reaching the level of last year but this includes taking account of material adjustments due to the recent decline in the value of the dollar."

Let's hope the dollar recovers in 2005 in the same way that CNC's sales are predicted to.

[rosethepose] 10/12/2004 14:53

Michael Collins buying in 3 tranches is a reflection of the illiquidity of CNC. If he'd asked his broker to purchase 80k in one foul swoop, it probably would have cost him rather more than the average of 19.56p he's ended up paying. So, don't think he's a dithering fool!

[makingheaps] 10/12/2004 13:37

Can Michale Collins not make up his mind how many he wants?

[browndavid] 10/12/2004 03:03

Rosie - sorry to post a full stop last time. Posted an off-the-cuff thought without having seen the director buying RNS, then saw I had written nonsense and tried to delete it - but that wouldn't work unless I left at least one digit! Sitting on 22.4k averaged @ 24.6p so not much farther to go before I'm in profit.

[rosethepose] 09/12/2004 17:17

Good to see CNC end the day 4th in the % Gainers chart. Can't expect it to continue at that pace (+15%) but, with Directors buying, think it bodes well for a significant share price recovery.

[rosethepose] 09/12/2004 15:40

krutt,

By year end, I do mean end of Dec which is also end of financial year. However, prospects for 2005 promise to build on the current picture. It's worth reading the trading update issued by CNC on 7th Dec - it's only a short one. Have picked out a couple of key points:

"We have recently completed our budgeting exercise for 2005 and concluded that
the current upward trend should continue. Both the level of new enquiries and
live projects are at record levels and we have a much broader range of customers
than ever before. Our single board computers are designed into our customers'
products and due to their complexity, it takes time for them to come to market
and for our sale to take place. As the number of customers increases, the
visibility of our sales will improve. Product development has continued at a
rapid pace and we have launched 13 new products in 2004 with more anticipated in
2005."

"We go into 2005 with confidence as we are witnessing an increasing demand for
our products from a wider customer base."

CNC are not a company which overclaims - if anything, it tends to understate the situation. Also, the link up with Thales has, without a doubt, opened a lot of doors for CNC.

Hope that clarifies things,

Rosie

[krutt] 09/12/2004 14:58

rosethepose,
By year end do you mean end of Dec - not so good.
End of financial year - better
End of 2005 Best.
Thanks for the update - nice move upwards today - at last.
Krutt

[rosethepose] 09/12/2004 13:21

After being in the doldrums for a while, good to see a very positive trading update and 2 directors buying: Clice Thompson 52k @19p and Michael Collins 50k @ 18.5p & a further 20k today @ 21p.

It's reassuring to read that CNC has "visibility of scheduled production and sales through to year end".

"Both the level of new enquiries and live projects are at record levels and
we have a much broader range of customers than ever before," the group added. So, prospects for 2005 are looking extremely bright - with half a dozen new products laucned over the last 6 months, it's long overdue.

David, not sure what you said in your last post but think we should start a more regular dialogue on CNC's prospects.

[spurious] 26/11/2004 13:25

Hi All. Interesting read yesterday, RNS from Thales, stating they were actively seeking more complementary partnerships and were seeking other opportunities in right circumstances within their industry. Wonder if the relationship with concurrent may become more permanent...
Regards
SP