Concurrent Technologies Share Discussion Threads

[valhamos] 09/2/2022 18:55

Yes I was really impressed by what he said- it may take a while and there are risks in execution but if they can become more dynamic in the way he outlined this will be transformational.

[cfro] 09/2/2022 18:11

Thankyou so much for finding this gem, absoloutely brilliant.

Miles's enthusiasm and bullishness spills out of the screen as you watch.

Lots of fantastic insights. Love his news that will be officially announced soon about the recruitment of three "highly potent individuals" who specialise in the area of systems development.

Also what shareholders have said to him about how the company was run by previous management describing it as "cautious, secretive but always with great potential".

[vprt] 02/2/2022 13:28

Nice to see this extremely low profile company attracting some buying interest today. Perhaps the two years of share price declines/stagnation are done, now heading up again? A good start to the year, at least.

[valhamos] 26/1/2022 09:10

I think the key here is:

"The PIC is aligned to the SOSA™ Technical Standard, but importantly, as it is designed and manufactured in the UK, it is not subject to US ITAR restrictions."

This will give an advantage over competing systems from Oralia

[vprt] 26/1/2022 08:41

Well spotted, cfro, that's the kind of ambition we need here. BTW, if anyone comes across any CEO interviews (articles, podcasts, videos etc) then please post.

I also found it encouraging that this was a proper RNS, rather than an RCS, meaning (in my interpretation) that it is significant for the business and not just PR.

[cfro] 26/1/2022 08:02

This looks an exciting new product. Note the last sentence i have highlighted in bold:

The primary market for this PIC is the defence sector and Concurrent Technologies Plc has been working with several lead UK and EU customers in the design of this solution. Focusing on ground-based vehicles and the development of this product reflects the Company's strategy to deliver material revenue growth in 2023 and beyond.

[hybrasil] 05/1/2022 12:52

Good trade sceptical well done

[scepticalinvestor] 05/1/2022 12:06

Well decided to sell all I bought in the low 70s at 86. Good luck all

[km18] 05/1/2022 11:44

Concurrent technologies plc comprises departments engaged in manufacturing computer products for applications in the defense, aerospace, transportation, telecommunications, and industrial markets.  The firm is known for designing, selling its own products, and supplying processors from Intel. As a result, operating profit margin surged from £1,194,791m to £1,535,375m in 2021. from 39.3%  Despite the profitability rally, the firm’s stock price is undervalued, as illustrated by its low P/E ratio of 19x, which is relatively below the information technology P/E ratio of 30.3x, hence it is cheaply available for investors to buy the stock.



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[hybrasil] 05/1/2022 10:43

Amazing how dull this market is though. Excellent news and not even£100k worth of shares traded yet

[valhamos] 05/1/2022 08:44

Forecast profit before tax for 2021 at £3.4m according to Sharelockholmes so maybe £3.6m if slightly ahead which means H2 pre-tax profit at £2m which is pretty good considering the chip shortage issues. 'Robust order book' is encouraging for 2022. Attractive on a mid-teen P/E with growth coming through.

[its the oxman] 05/1/2022 08:43

Deserves to be back over 100p but hey ho.

[vprt] 05/1/2022 08:38

Relief - and perhaps a turning point for the company? Love the upbeat commentary from the new CEO who I hope can and will set a growth trajectory for the future. (I hold)

[cfro] 05/1/2022 07:35

Short, simple and soothing statement. We know that there is global chip supply chain issues and that this will likely continue for some time but they are navigating their way through this successfully.

With the further announcement that the final dividend will be paid after the results it looks like they are changing to a more conventional way of paying it as proposed to the way CNC used to pay a second interim dividend before the announcement of the final results.
Used to be paid in every April so not necessarily expecting it to be paid any later as long as the finals are released on time.

[cravencottage] 05/1/2022 07:05

Ahead of expectations TS

Outstanding achievement given the chip shortage backdrop.

[its the oxman] 04/1/2022 10:30

Been hit hard by small cap sell off, scope for a good recovery hopefully.

[cfro] 21/11/2021 17:09

JP Morgan expects more supply to come on stream fully from mid-year next year:



We know that the new management has navigated the shortages problem to the best of their ability up till now (and as such is more than reflected in the current low share price) and we await further updates/news on this which we should see in next months trading update.

[vprt] 08/11/2021 09:40

scruff1, thanks for sharing your thoughts and situation so openly.

ITM certainly brings much more excitement than CNC; I am following ITM reasonably closely and there is no doubt that they are set for many years of rapid growth - "green" hydrogen is likely to happen on a large scale (whilst "blue" is much more questionable, especially long term). I really like the way ITM have used partnerships (Shell, Linde, SNAM) to achieve both equity funding and a very impressive pipeline of (potential) business. Reading the government's fresh UK hydrogen strategy, and looking at how big this could get globally, this is a uniquely interesting and exciting market.

My doubts about ITM as an investment are linked to valuation and competition. I believe most of what they have in their commercial pipeline, aggressively labeled as "backlog", are projects that remain subject to both subsidies and FID, so therefore really quite uncertain. And historical financials seem completely detached from the valuation, as you may have noticed... Let me know if you have a justification/valuation.

I am also conscious that when reading mainly UK media and looking at UK activities, it is easy to believe that ITM (as a home-grown green champion) is the leader with products that are and will remain ahead of e.g. PlugPower (USA), NEL (Norway), and others - including potential new privately held entrants not yet on the radar. I find this, and likely future margins, impossible to judge.

Best of luck with your ITM punt! For now I will stick with the far less dynamic (but profitable and with a modest market cap) CNC, where my hope is that new CEO will inject a bit of energy and perhaps broaden the offering over time.

[waspfactory] 07/11/2021 13:16

Good luck scruff1, it's very tempting to move to a more exciting stock. I'll be joining you if CNC goes below 80p.

[scruff1] 31/10/2021 10:31

vprt
You are largely correct. My age is my rationale really. Long term investment planning is a bit pointless for me now. My pensions are reasonable and my long term investments provide a good addition. I am now using spare cash to effectively play I suppose - its a bit of a retirement hobby. The pandemic has changed my attitude about a lot of things -CNC being one of them - whilst I still think it has a good future I suspect it will now be longer than I can afford to wait. Income from dividends is still an issue (though if that was my only thought then my money probably go into funds)but I am enjoying trying to grow 'my stash' as it were and at the moment doing quite well - though Ive been at it long enough to be aware that things can soon change.
No great DD on ITM - just a punt really I suppose - there will be no income for quite a while but they have the cash, they have the product, they are moving in the right direction and they are 'in the moment' as it were. I hope to make a few bob and then decide whether to stay or move on. As a comparison BBOX was one I bought into at around the same time as CNC and has done quite a bit better than could be hoped and have added at the last raise a few weeks ago.
cfro
Thanks for not being rude to me :-) - a nice thought. I make no claims to be a Warren Buffet or anything else - just dawdling along doing my own thing.
I hope you all have success with CNC its a solid company - it would be good to see its involvement with AI develop. GL

[cfro] 30/10/2021 22:28

Was thinking that exact same thoughts myself vprt, but thought i should keep them private as didnt want to sound rude to scruff1 and it's not my place to suggest anything.

Hope ITM goes well for him as at the end of the day it's each investors own decision to make.

[vprt] 30/10/2021 17:15

scruff1, that's quite a switch! Very stark contrast. You appear to be more of a trader rather than investor, looking more at the share price trends than the businesses? Or do you have a valuation rationale for that switch?! (EV/Revs, perhaps?). Or did you do detailed technical DD in the field and found that ITM have the best PEM electrolyser which will remain in the lead for decades as the nascent hydrogen market develops?! Exciting, yes, but you are brave...

[scruff1] 29/10/2021 22:23

Ive jumped ship I afraid -2weeks ago now. Had high hopes for CNC and still hope they do well and will keep my eye on them. But I dont like my cash being tied up treading water for so long - especially at my age and with such volatility there are better opportunities for growth at the moment. Put most of my CNC money into ITM a couple of weeks ago and already about 10% to the good which is what Ive been missing with CNC over the last two years or so. Anyway GL to you all - will keep looking in and could easily be back if/when it starts to move.

[cfro] 29/10/2021 17:57

I would dearly love to top-up myself but no free funds in my pf as im fully invested. Otherwise i would be.

The interims seem like an age ago now but only seven weeks. Mark Cubbit had this to say about semi-conductor supply chain issues etc:

"There remains uncertainty on the timing of some shipments in Q4 2021 and into 2022, driven by component availability, which may slip revenues into 2022 but there is no evidence yet of cancellations from customers."

I have not seen any further news in the financial press suggesting semi-conductor supply chains issues have gotten any worse since, so one would hope things will improve, albeit perhaps slowly, from here.