Concurrent Technologies Share Discussion Threads

[galeforce1] 10/9/2019 09:31

Good results. Definitely. There's a significant rise in H1 turnover, but the gross margins are unchanged.

£10m in cash gives a £40m enterprise value. Seems much too low for such a solid business.

[eentweedrie] 08/9/2019 20:41

will be adding a few tomorrow - good little earner this imo

[5oletrader] 16/8/2019 11:46

No Stock available to BUY
Willing to take plenty for SELLING
2019 double bottom

Just saying!

[battlebus2] 21/6/2019 13:34

Wouldn’t it.

[5oletrader] 21/6/2019 13:17

A bid for this would be nice!?!?

[vprt] 22/5/2019 11:08

I did not manage to attend the AGM on 21 May - did anyone else here? Comments?

[galeforce1] 21/5/2019 14:56

Very sad that the CEO Glen Fawcett died suddenly on May 7th. This leaves quite a big gap for the company, as he's run it for quite a long time.

The Commercial director has been promoted to CEO, presumably as a temporary stop-gap.

I wonder what the Board's strategy is going forward? CNC is a great little business, but it's probably too small. So maybe they will be talking to brokers about 'potential options' (ie, a sale of the business to a bigger defence operation).

[sspurt] 25/4/2019 15:34

Yup, interesting move. The shareholder list is v opaque so can't tell how open the company is to overtures from predators. Looks pretty undervalued given cashflows but surely too small for PE jockeys.

[galeforce1] 25/4/2019 15:17

Interesting movement upwards here, after zero activity for months. Has Concurrent been tipped somewhere or maybe there are rumours of a takeover? I hope the latter!

Turnover is higher than normal. but still well under 100k.

I've always thought it was a a company very likely to be bought. It has a valuable niche and the market cap is really very small.

[sleepy] 10/4/2019 13:03

From recent results statement

“Cash in business plus deposits was robust at GBP7.7m (2017: GBP8.4m)”

[gerryjames] 10/4/2019 07:54

No. 2.5m customer deposits seperately listed. All theirs. Should really buy some. For the Divi. But you'll never get rich quick playing AIM with that attitude...lol

[sleepy] 05/4/2019 16:25

Is any of the cash customer deposits?

Any news of the CEO?

[capercaillie] 05/4/2019 14:24

Yes cash at £7.7m is high considering turnover is £16.6m. They have been sitting on this for a while and is not effectively working for them.

[gerryjames] 04/4/2019 07:35

Yes. It's like a niche utility Company with a nice divi. Not the next ARM. Nice business for them over the years. Plenty of cash. Just sitting there...waiting on a special dividend.

They should buy Tern for growth...lol...maybe they're right.

[capercaillie] 04/4/2019 07:05

Consistently high margins but no growth.

[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 ?