Concurrent Technologies Share Discussion Threads

[scruff1] 05/5/2021 08:50

Continuing this morning

[scruff1] 04/5/2021 22:29

Looks like there could possibly be someone unloading today

[wednesday6] 21/4/2021 19:28

Signs of life in the share price, cant be many sellers left now surely.



Above link new on website today announced that AM C8x/msd AdvancedMC™ module is now shipping in deployment quantities.  Since the first development boards were supplied in 2020, the product has been validated for use in high performance compute applications, saying besides defence lots of their work is with telecoms and 5g roll out

All good stuff 👍

[earwacks] 15/4/2021 15:02

I think they have a way of making good results look horrible. Profits trending down slightly for obvious reasons. But ahead of forecasts and record orders. So why the concern for growth outlook in certain quarters. I suppose if tech is not seen to have explosive growth its not going to attract the lime light. The fact is CNC has had religiously steady reliable growth be it slowish, for a considerable number of years. In fact its almost bullet proof if you ignore the odd market tantrum.

[scruff1] 15/4/2021 09:23

malcolm
Thanks a lot. Its good reading. There very little to not like. Steadies the nerves and underlines my reasons for investing - good management, solid with decent dividend and the potential for growth (even at glacial speed!)
Interesting comment re 5G which connects with my post #564

[scruff1] 15/4/2021 08:22

tried but cant access that - not available. Main points of interest please?

[hastings] 15/4/2021 07:31

Spoke with management yesterday and write up below for interest. A couple of typos unfortunately, but I am aware!Anyway, hopefully of some use.Https://martinflitton1.wixsite.com/privatepunter/post/concurrent-technologies-eyes-growth-14-04-21

[scruff1] 13/4/2021 10:54

Small businesses must be part of the 5G network ministers told - maybe of use

[davebowler] 12/4/2021 10:25

Cenkos;
FY20 prelim results update
Concurrent delivered results ahead of our December 2020 upgraded
revenue and PBT forecasts, with record revenues in FY20, up 9% to
£21.1m (FY19A: £19.4m). As a supplier to some of the world’s most
prominent defence companies, Concurrent was designated an essential
defence supplier and production, design and development operations
substantially continuing throughout the period of COVID-19 interruption.
With a strong order book, £11.8m cash and no debt, focussed advanced
technology R&D increasing and progress with its plans to add new
hardware and software product ranges into new markets (AI, software
and services), Concurrent is well positioned to accelerate growth as core
markets emerge from COVID-19 difficulties.
 FY20 results summary. Revenues were up 9% to £21.1m, ahead of our December
upgraded forecast of £20.2m. Gross profit increased 12% to £11.4m (FY19: £10.2m)
and gross margin was up to 53.7% (FY19: 52.7%). EBITDA was £5.0m (FY19: £5.1m)
despite a substantial £0.9m intangible impairment charge in the year. PBT was £2.8m
(FY19: 3.1m, adjusting for £1m other non-recurring income). Basic EPS was 3.75p
(FY19: 5.51p). R&D related spending was up 10.8% to £3.9m (FY19: 3.5m), though
the capitalised proportion fell (as highlighted at the interims) to 48.4% (FY19: 64.4%).
Net cash increased 12.4% to £11.8m (FY19: 10.5m).
 Outlook. The order book grew strongly in Q1/21 with Telecom activity recovering
strongly following a slower H2/20. Several Telecoms and Defence sector customers
have ordered previous generation products to extend lifecycles (traditionally good
margin for Concurrent), though this also could mean timeframes for new application
programmes extending into 2022, especially within the Defence sector. COVID-19
continues to present challenges for the core industries Concurrent serves. We have
therefore taken a prudent view of FY21 forecast revenue from a timing perspective,
though this could prove to be overly conservative. We expect improved R&D spend
efficiency and improved operating margins to lead to increased profitability.

[its the oxman] 12/4/2021 08:47

Back to 95p bid, nice , tend to think anything under 100p starts to look interesting , sub 95p very happy to buy. Still think 120p will come as board like to be cautious and over deliver. And cnc could be snapped up at any time as well.

[its the oxman] 12/4/2021 08:35

Added , at c.93p, fall heavily overdone, can see this easily climbing back above 100p after today's profit taking subsides. Q1 could be very good with strength of order book. But dreams of pushing through 120p may have to wait a bit.

[scruff1] 12/4/2021 08:35

My biggest disappointment is that this was the chance to get CNC on a few radars. Just dropped off many now I guess so its gonna a be a long haul. I will decide whether its worth the wait this week

[scruff1] 12/4/2021 08:28

Looks like 'disappointed' - I think we were led to believe we would get more. Was it in the end 'ahead of market expectations'? Obviously not looking at the trades board and its not profit taking so it looks like we are going to have to wait a lot longer to get anything other than the dividend. Back to sleep

[martinthebrave] 12/4/2021 08:10

EPS 3.75p vis 3p forecast. PBT £2.8m vis £2.5m forecast. PAT £2.7m vis £2.3m forecast. Cash £11.8m. £0.5m annualised savings from India. Some orders pushed into 2022 but record Order Book Incresing Substantially In Q1. A lot to like there IMO.

[mammyoko] 12/4/2021 07:38

This

cautious approach to revenue growth in the coming year because of the continuing uncertainty caused by the COVID-19 outbreak and the delays seen to some programmes potentially moving revenue from 2021 to 2022

But also this

current record order book, which has seen a substantial increase during the first quarter of 2021

Equals this

gives the Board confidence in the Group's continuing solid performance

[mammyoko] 12/4/2021 07:35

Additional £750k of non-capitalised R&D spend in this year's results. Add that back and you get adjusted PAT £0.5m greater than last year.

[jw330] 12/4/2021 07:21

pretty pedestrian numbers. lets see how the market reacts

[scruff1] 11/4/2021 10:33

Whats the form for Monday chaps?
Bit of a whoosh to 110 then drop back to the 90's as profit taken - expected
Already priced in so drop to low 90's - disappointed
Holds around 110 - chuffed

[volvo] 08/4/2021 10:20

Yes a brighter start for sure, brakes coming off....looking for a strong trading outlook on Monday, that will push the share price beyond 120p

[its the oxman] 08/4/2021 10:06

109p offered and starting to look well positioned for a test of 120p next week if results please.

[hastings] 08/4/2021 10:05

I'm speaking with management on the day of the results and will pen something on the back of that for interest.

[scruff1] 08/4/2021 09:47

or today !