Concurrent Technologies Share Discussion Threads

[rcturner2] 01/3/2019 16:09

Why the fall here?

[galeforce1] 18/1/2019 08:52

rivaldo - it's a very solid business with no debt and a range of blue-chip US defence contractors as clients (Raytheon, Lockheed, etc etc). Over 85% of their sales are to the US.

I agree that their PR could be better, but in some ways that's what I like about this business. It's a solid, long-established, below-the-radar business with a strong niche, good client list and no debt. And a dividend which might go to 3p this year.

The CEO has recently been taken ill, and that may explain the unusual mid-day trading update yesterday.

One of these days CNC will be bought. It's the client list that is so valuable.

[rivaldo] 17/1/2019 15:01

Hmmm....a sneaky RNS just out, which mentions that PBT is expected to be a minimum £2.8m, but doesn't mention that this is well below Cenkos' forecast of £3.1m per their note from September (let alone the adjusted forecast of £4.7m).

Not a holder, but never liked the way this company issues a plethora of RNS's about new products etc.

Even more baffling is why the price has gone up 3p :o)) Just shows you what can be achieved with a little omission of the facts.

[galeforce1] 13/6/2018 08:39

Very difficult to get any shares in this, even if you accept the 5% spread and are prepared to pay the full offer price

[galeforce1] 06/6/2018 18:52

Nice to see a bit of volume here. No obvious reason why.

Seems a great company that ticks just about every box. Profitable. Decent dividend. Lots of cash. No debt. Blue-chip client base (Raytheon, Lockheed, etc.) Not dependent on MoD or on potential EU tech restrictions (because about 90% of sales go to USA). £3M annual R&D spend. Very strong shareholder register (Liontrust, Miton, etc.) I'm slowly building a decent holding.

[tudes100] 30/1/2018 23:40

Stockopedia have broker forecasts for this year at 6.4p and 10.1p next, seem very high given recent performance and H1 results. Can anyone confirm these numbers are correct / incorrect ?

[its the oxman] 16/1/2018 19:15

Time to buy sub 80p ?

[galeforce1] 06/12/2017 10:40

Seems to be a lot to like about this business. NO debt. Plenty of cash. High margins. Strong technical niche. Revenues mainly from USA (mostly defence-related). V modest market cap at £60m

Interesting shareholder register - Liontrust and Miton hold 30% between them.

I'd be amazed if this wasn't bought in the next few years. Seems an obvious fit for a big US Defence contractor.

They put out a trading update at the end of December last year. Presumably we can expect the same this year.

[rcturner2] 18/9/2017 07:49

Pretty poor results I would say.

[lanzarote666] 18/5/2017 16:45

Late rally led by Nakedtrader - he still has his followers...

[red5] 09/5/2017 20:38

Yes I read it very positive

[battlebus2] 09/5/2017 18:34

No haven't seen it but will try to find it now. Thanks.

[lanzarote666] 09/5/2017 18:15

Did anybody see John Lee's update in the FT on 3rd May 2017?

I presume it was positive in view of the share price activity since.

[battlebus2] 09/5/2017 15:35

Strong new highs today 👍👍👍

[rcturner2] 09/5/2017 08:10

Sold mine today, good luck to all who remain.

[rcturner2] 08/5/2017 16:02

Nice perky share price here.

[woodcutter] 07/4/2017 13:35

no offence taken old chum.

[battlebus2] 06/4/2017 20:57

Another Up day Woody, nothing personal butI hope you don't get your retrace.

[woodcutter] 05/4/2017 13:23

bb2 agreed but as we know nothing goes up in a vertical line despite decent fundamentals.................not even WEY.

The price has moved ahead of itself imv, i can be patient. I like the potential and the per is very good value based on forecasts (if you exclude the capitalised costs) but I'm afraid i can't see beyond historical 2.5p eps so we'll need to see some profit taking first to bring the price down to a reasonable level.

I'm a fan but at the right price and that's in the chart too, i'll know when i see it.

woody

post note: big shooting star today at historical resistance around 70pish so looks like a reversal signal to me. Maybe we'll see it come into my range over the coming days

[battlebus2] 04/4/2017 13:38

I recently bought so great to see today's rise. Woody I see the points your raising but sometimes you have to overlook what seems a high valuation.

[rcturner2] 04/4/2017 12:58

Nice rise so far today.

[woodcutter] 31/3/2017 14:47

Thought about buying today but on reflection the profit line isn't all it seems.
They capitalised £2.3m of costs and amortised nearly £1.3m so profits inflated by roughly £1m. EPS on this basis would have been around 2.5p so it looks to have moved a little ahead of itself imo.

Added to that they paid very little tax possibly due to R&D credits but they have net tax liabilities of over £1m on the balance sheet to absorb.

notwithstanding they seem to be generating cash and the balance sheet retained earnings improved.

Although the narrative for future growth was very positive i need to see it retrace a quite a bit to get my interest.

I have no issue with paying top dollar for stocks with strong growth prospects if they're in a strong chart uptrend but CNC's historic reveue and profit record doesn't inspire that kind of thinking.

woody

[varies] 24/3/2017 09:04

Solid results but not exciting.
A yield of 3.5% with the dividend increased on a regular basis is something to be thankful for.
All that cash must give rise to temptation but CNC has never made a substantial acquisition as far as I can remember.

[rcturner2] 24/3/2017 09:02

Val, I agree the results are not stellar, they are very much steady as she goes. The bottom line growth is something they need to focus on.

[valhamos] 24/3/2017 08:50

Profit still only at the level it was a few years ago and the company needs to show some growth. Increased spend on R&D is good if it bears fruit and there are encouraging signs of this - "plenty of scope for internal organic growth where we continue to see many opportunities to grow the business". I have a small holding from last August.