Concurrent Technologies Share Discussion Threads

[browndavid] 08/9/2003 09:15

Incidentally, has the NMS been lifted? I started getting dealing quotes for 500 shares then upped the number to my eventual latest 8139 buy and got the same price and traded online. (So can't understand how I got charged 33.75 for first early buy.)

David.

[browndavid] 08/9/2003 09:02

Lisa,

Couldn't agree more. So have sold some FIB and bought another odd figure: 8139 shares, rounding me to 14000. Neither showing yet, averaged on purchase at 33.35p but haven't factored the divi into that. The PE on ADVFN currently shows 50 on outdated profit of £0.55m, has anyone worked out an update (I must learn how to!)?

[hari] 08/9/2003 08:29

What price would should the price be valued...using PE etc.
is this still undervalued?

[lisa279] 08/9/2003 08:24

AFX,

""We expect US defence applications to make a significant contribution to our
sales in the next 12 months even though we anticipate a strong recovery in our
telecommunications business following the earlier downturn in this sector."
During the period, the group saw sales boosted by the increased demand for
electronics in defence equipment due to the Iraq War. This accounted for 42 pct
of the group sales of 4 mln stg, up from 3.7 mln last year.
In the six months ended June 30, 2003, pretax profit rose to 351,562 stg
from 267,320. Further improvement is expected in the second half.
Concurrent proposed an interim dividend of 0.25 pence and expects to pay a
final dividend this year.
.......................

MORE:FROM INTERIMS

"We expect our performance in the second half of the year to continue to improve.

At 30th June 2003 cash at Bank and in hand was #3.06m, and we had no borrowings.

Interim Dividend

The outlook for our business continues to improve and consequently your Board
has resolved to pay an interim dividend of 0.25 pence per share. The cost of
this dividend to the company will be #181,750. The ex dividend date for the
interim dividend is 24 September 2003, the record date is 26 September and
payment will be made on 24 October 2003. The Board's current intention is to pay
a final dividend in April 2004

LISA :) :)

[browndavid] 08/9/2003 08:21

Hi, folks,

Great up-beat statement, so having tracked this a while decided to plunge in with a £2000 'invest' (forgetting NMS=500), came out at 5861 shares @ 33.75p. Not showing yet, can't believe the initial sell-off dropping the bid to 32.5 (clearly I should have L2!) on such upbeat outlook. Surely 40p this week must now be on the cards, or am I blindly optimistic?

David

[lisa279] 08/9/2003 08:14

Good morning,

Well the results are out:

Concurrent Technologies Plc manufactures single board computers known as
Multibus II, CompactPCI(R) and VME for high demanding, critical applications in
areas such as defence, aerospace and telecommunications.

* Pre-tax profit up 32% to #351,562 (H1 2002: #267,320) on revenue up 8%
to #4.04m (H1 2002: #3.74m)

* Interim dividend 0.25p per share

* Zero gearing - cash #3.06m (H1 2002 - #2.68m)

* Clear signs of recovery in embedded computer market

* Three new products launched for the telecommunications and defence sectors

Michael Collins, Chairman, commented:

"We believe that the long awaited recovery in the market for embedded computers
is now occurring. The recovery is most evident in the USA which we expect to be
the most significant market for our products in the second 6 months of this year
and into the foreseeable future.

"We expect US defence applications to make a significant contribution to our
sales in the next twelve months even though we anticipate a strong recovery in
our telecommunications business following the earlier downturn in this sector.
There is clear evidence of a requirement for computer systems to handle large
increases in demand for basic telecommunications in developing countries as well
as more sophisticated 3G telecommunications products in developed countries."


...............................................Concurrent Technologies Plc manufactures single board computers known as
Multibus II, CompactPCI(R) and VME for high demanding, critical applications in
areas such as defence, aerospace and telecommunications.

* Pre-tax profit up 32% to #351,562 (H1 2002: #267,320) on revenue up 8%
to #4.04m (H1 2002: #3.74m)

* Interim dividend 0.25p per share

* Zero gearing - cash #3.06m (H1 2002 - #2.68m)

* Clear signs of recovery in embedded computer market

* Three new products launched for the telecommunications and defence sectors

Michael Collins, Chairman, commented:

"We believe that the long awaited recovery in the market for embedded computers
is now occurring. The recovery is most evident in the USA which we expect to be
the most significant market for our products in the second 6 months of this year
and into the foreseeable future.

"We expect US defence applications to make a significant contribution to our
sales in the next twelve months even though we anticipate a strong recovery in
our telecommunications business following the earlier downturn in this sector.
There is clear evidence of a requirement for computer systems to handle large
increases in demand for basic telecommunications in developing countries as well
as more sophisticated 3G telecommunications products in developed countries."


.........................................................................

Analysts meeting at Cannon street at 10.00 am.

Then we should start to see over the next week this get a thouroughly deserved re-rating.

News on a move to the main market and Nasdaq???????

Nice DIVI to boot!

Lisa :)

[lisa279] 06/9/2003 01:46

adejuk,

Split the time between the family research and research!!

Another very nice week next week to look forward to!

Lisa :)

[adejuk] 05/9/2003 14:40

Lisa, most sorry not to reply but am up to my eyeballs with work. Hardly have time to monitor my holdings but I think we are going to be very happy next week.
Do you ever go to bed?
:-)

[lisa279] 05/9/2003 12:52

adejuk,

Do you know or have you heard anything about "Nightwork"?

The word is some tie up with a big defense company that involves "Nightwork"

Any ideas/gossip much appreciated.

Lisa :)

[lisa279] 05/9/2003 11:53

Added again!

Topped up for Monday out of spare change and the mms struggle with 4796!!

Lisa :)

[lisa279] 05/9/2003 11:14

adejuk,

Intel Cisco Arm Infineon all showing a very positive uptrend.

With this being the last tradeing day before results on Monday AM surely SENTIMENT will carry through until then nicely?

When you look back at the company in 2001 (without Omnybite) just built its brand new factory, they were already at 40p and down from the 50p start.

I expect the figures on Monday to point to possibly the best set of FULL YEAR they have ever had.

remember NO DEBT :nearly £3million in the bank AND they pay a DIVI!!!!

40p for a short term target is well on the cards IMHO.

Lisa :)

[lisa279] 05/9/2003 09:47

Interesting?

This was posted by guydavid 2001:

..............................................

"Found this posted on iii today, very interesting considering results are out on Monday ie could be an announced then.


Author

Chavrolobi


Date posted: today 11:19


Subject: Decreased Liquidity and Main Listing


Recommendations: This message has not been recommended



Message:


A year ago 3.52M shares were released into the market in order to increase liquidity. 2M were by way of a placing at 50p and the rest were sold by the directors (also at 50p). Since then 2M has been bought up by directors and Eaglet Investment Trust, so the amount of liquidity has significantly decreased since then. According to the recent Citywire article Liontrust Intellectual Capital Trust has also bought in and no doubt other institutions (that are below the declaration limit) have bought too. In last years finals Michael Collins (the Chairman) said the following :-

Since my report dated 13th October 1999 when I said that we would be considering stepping up to the full Stock Exchange list and TechMARK, the marketability and share dealing activity in our shares which are listed on AIM has increased dramatically, as indeed has the listed share price. In these circumstances your board has no present intention of making a change but we will keep the situation under review.


Since the marketability (liquidity) has decreased since then, I wonder if a move to the main market is more likely now. Notice that they state that the situation is "under review". Also, a move could be in the offing due to AIM shares in general suffering in the recent market turmoil and are no longer as actively traded. This might prompt a rethink too, though I doubt that a move will happen until tech shares stabilise.

............

Looks like the move to the MAIN MARKET is on again so could the NASDAQ listing following the buying of the US based company Omnybite.

Lisa :)

[lisa279] 05/9/2003 09:30

Good Morning,

Adejuk are you awake yet!

Level 2 is BUILDING STRENGTH AGAIN

2 on the BID 1 ASK

Same pattern as yesterday?

INTEL and CISCO both had their numbers re-rated.Were there is a computor there is a BOARD.

Sales riseing at a faster pace than was thought.

CNC is in a fine position to be grabbing a great big chunk of the action.

Last tradeing day before the results.

Lisa :)

[vernit] 05/9/2003 06:05

Note the negative impact of the planned disruption and blockading of the DSEi Exhibition at the Excel Centre by DESTROY DSEi at 11am on 10th September

Vernon

[lisa279] 05/9/2003 01:34

Adejuk,

Looks like this could be it.

No wonder i couldn't find it i was spelling it wrong (AGAIN!):

........................

NITEworks MOD/Industry Partnership Launched For Testing Networked Warfare

BAE Systems welcomed Lord Bach, Minister for Defence Procurement to Farnborough today to officially launch NITEworks – a joint MoD/Industry partnership for exploring networked warfare. The partnership is intended to contribute to the evolution of an integrated sensor-to-shooter network that processes relevant, timely and accurate information to commanders and decision makers. Lord Bach said, "NITEworks will play a key role in realising the vision of a truly network enabled capability outlined in the new chapter to the strategic defence review." NITEworks is now fully operational and conducting initial work packages aimed at better integrating existing MoD assets.

These initial work packages revolve around integrated direction and co-ordination of indirect fire in the land battle, time-sensitive targeting within the entire battlespace, and integrating work for Special Forces. NITEworks will use BAE Systems state-of-the-art Battlespace Management Evaluation Centre, separately developed to pursue network-enabled solutions, as a key tool for integrating systems, visualising concepts and experimenting in real time. "This centre is linked to the MoD's joint command and battlespace management demonstrator at Portsdown West and other BAE Systems and partner sites.

It will provide a hub for experimentation that will help optimise the UK's progress towards a fully integrated Network Enabled Capability," said Mike Turner, Chief Executive, BAE Systems. BAE Systems is providing overall industry leadership for the NITEworks partnership, supported by QinetiQ and will be engaging industry partners and associates to help deliver the NEC vision. About BAE SYSTEMS: BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space.

.....................

Fingers crossed.

Lisa :)

[adejuk] 04/9/2003 20:53

moth, the limit on this stock is 5k. Some mm's charge a premium for more. If less than this the mm's have to show it immediately. If more they can hold it for a few hours and are not obliged to show if it is a buy or a sell. See my earlier post.

[mothball2] 04/9/2003 16:23

just think monday results
friday last day before, could we see 20/30% move north 2morow?

[mothball2] 04/9/2003 16:05

i notice that most of the trades r showing up later than when transacted
can any1 explain and is this good news?
my little transaction showed straight away this am

[lisa279] 04/9/2003 11:35

ken 298,

I believe you will be showing a rather larger profit than that very soon.

Btg looks like AMVESCAPE have come in with two large buys @£3.60.

MT L2 looks horrific.

Lisa

[ken298] 04/9/2003 11:26

Lisa,

Bought 13,000 without problem now showing a small profit.

Still hold 100K of MT, when i am sure BTG has bottomed will add from disposal of MT - unless some positive news occurs ref sale or bondholders.

[nicebut] 04/9/2003 11:20

Lisa,
I`m sure you do more research than I do ,I follow my gut feeling (still in Mt.), but take a look at BPRG- my tip for you, if you havn`t already
:-)
Tim

[nicebut] 04/9/2003 11:17

They havn`t shown mine yet!