Concurrent Technologies Share Discussion Threads

[mctmct] 02/7/2014 09:36

Investali (post #207) Yesterday's RNS ansers your question about export controls.

mct

[investali] 24/6/2014 21:54

Great to hear your interesting story.
The product launch didn't raise much excitement.

Ali.

[caerleon9176] 19/6/2014 07:03

I worked for them a few years ago and know the directors personally. I also know Thier management style and while I never ever agreed with Glen about anything, the shares have consistently paid a dividend. Good management has always made this company cash rich. Needless to say I have held stock for over 8 years and never sold 1 of them.

[investali] 29/5/2014 23:55

Very quiet board along with a stagnant price. I'm hopeful of some movement soon.

Ali.

[investali] 24/4/2014 17:37

Any word of that discussion with Vince Cable on export barriers and if they have come to any resolution?

Ali.

[investali] 10/4/2014 22:59

Hargreaves Hale are buyers again with a holding of 4 million shares.
Seems a wise move to put a few more into this years ISA.


Ali.

[varies] 23/3/2014 11:31

Although the results due very soon may not be very good, it is re-assuring to see that we shall get a slightly increased second interim dividend. I too have been adding to my holding.
Export licenses may be more tricky now if there is any risk of a product finding its way to Russia !

[mctmct] 23/3/2014 09:35

I heard they were waiting for an export license.

[investali] 22/3/2014 20:39

Seems a quiet little share and board but I couldn't resist putting a few into my ISA. Could be potential here from increased demand and who knows a bidder might appear.

Ali.

[deepvalueinvestor] 01/2/2014 18:10

I agree, very fishy that this one is rising as equity markets correct. I have been following this share for years and just wonder if sharks are now circling. A real niche area.

[jacksona] 31/1/2014 10:52

"SP jump today. Maybe someone knows that an announcement is coming."

....and it continues up over 20% in a few days, very unlike this share although small volumes can result in large movements.

Good luck to anyone who holds.

[mctmct] 20/1/2014 17:08

SP jump today. Maybe someone knows that an announcement is coming.

[mctmct] 27/12/2013 12:20

Paul Scott today comments:

Concurrent Technologies (LON:CNC) is a small (£26m market cap at 37.5p per share) niche electronics company that has somehow slipped through the net here over the last year, in that I don't seem to have reviewed it before in my morning reports.

Their shares have performed badly this year, and are now at a 12 month low, which has already got me interested. It may be unfashionable at the moment, but I like buying shares when they are low, providing there are good reasons to expect them to recover.

The trading update from CNC today says that results for the year ending 31 Dec 2013 are expected to be "broadly in line with market expectations". So to translate that from PR speak into plain English, results are going to be slightly below market expectations.

Looking at the StockReport page for Concurrent, turnover has been fairly static at between £12-13m p.a. in recent years, with a fairly reliable £2-3m profit made each year - a very healthy profit margin as a percentage of sales. Also it has net cash on the Balance Sheet, and has reliably paid divis in recent years. So my type of company on the face of it, although the lack of growth makes it less interesting.

The trouble is, and this is a problem with a lot of small caps, they refer to market expectations in the trading update today, but I can't find any broker forecasts for the company, on either of the two websites I use for broker forecasts! So really what's the point in telling the market that they are trading broadly in line, with a forecast that most of us haven't got access to?!

So I've had a quick look at their last set of interim results to 30 Jun 2013, and they're not good. Operating profit fell from just over £1m last H1, to only £339k operating profit this H1. The Balance Sheet is strong however, so that helps.

The problem seems to be Government licensing for exports, and this is referred to again in today's statement, with hopes for an improved licensing regime in the future. Perhaps that is why the shares have not fallen as much as I would have expected given the poor interims?

My conclusion (from the most cursory initial review) is that this is one to put on the watch list, as they don't look cheap based on current performance. However, if there is a recovery in trading to be had, then I might look again. The divis are nice, and the yield is almost 4.7%, but experience shows that chasing yield at a company where trading is deteriorating, can often be a mistake, as a dividend that is not well covered by earnings (and/or cash in the Bank) can end up being cancelled in future. It's a company's ability to pay dividends that is really more important than the actual level of dividend payments at the moment.

[coolen] 21/8/2013 16:05

Any thoughts on forthcoming figures -share price is hinting negatives ?

[sleepy] 18/11/2012 23:57

B1nman - I don't think it is the same Concurrent Technologies

[strollingmolby] 01/9/2011 15:35

Comment on the interims:

[mickconn11] 27/5/2011 09:05

A conservative underrated company.

[jacksona] 24/5/2011 09:53

Highest this has been since 2007 - is this what's called a re-rating?

Hardly any buys showing over the last few days of this climb.

[jacksona] 06/9/2010 12:55

So you don't know then, fair enough :-)

[gravydays] 06/9/2010 12:50

why don't you guess that as well!

[jacksona] 06/9/2010 12:31

I could have guessed at that - is there anything to back this up?

[gravydays] 06/9/2010 10:59

someone having a serious sniff!

[jacksona] 06/9/2010 10:49

what are those whispers Gravy?