Concurrent Technologies Share Discussion Threads

[cfro] 26/9/2022 12:06

Same with me. I have spoken with Miles and he seems to know what hes talking about. Others here have met him i believe.

I think (hope!) he will prove himself in time (will now take quite some time) but for now hes sure got some work to do..

[cfro] 26/9/2022 11:41

Miles is still promising 8 new products for the year. With three already announced that means there is still five to go and all before YE which is only three months away.

He is also promising the "made in USA" badge before the year end too.

A lot of work left for the new CEO to achieve then...

They should not have suspended the dividend. Cut it, yes, (perhaps by a lot) but not suspend it. Cheesed off about that.

[masurenguy] 12/9/2022 07:51

Interims will be announced on Monday, 26 September 2022. When the final results for last year were released in May, the Outlook comment included the statement "Strong bookings, with order book increased to £16.2m as 31 March 2022 from £13.2m at 31 December 2021."

[my retirement fund] 22/7/2022 17:35

Rising volume with rising share price

[my retirement fund] 13/7/2022 10:42

A bright light and that's before the defence bonanza becomes clear

[my retirement fund] 13/7/2022 09:12

Hopefully this is going back up towards a pound plus where it belongs.

[vprt] 13/7/2022 07:59

Credit to Miles & co for creating and already starting to deliver on a strategy of much, much more aggressive product development (and commercialisation) investment.

[masurenguy] 13/7/2022 07:48

New market sector breakthrough - could be a pathfinder to other medical companies going forward.

"a supply agreement with a Fortune 500 global medical technology company........received an initial USD$2.2m order for first year product shipments. Initial shipments have already commenced for qualification purposes with volume shipments scheduled to start at the end of 2022. The customer is expected to place similar size orders on an annual basis for several years to come."

[cfro] 13/7/2022 07:42

Some very different news from what we might usually expect as Concurrent sells predominantly to the defence sector, this is a completely new vertical for them.

$2.2m first order and then similar sized every year from then on is no small order.
On the negative side, i do hope they will be able to fulfill everything they need, including their main defence customers plus all their growth initiatives too given the ongoing semi-conductor supply chain issues. Although this particular order is not set to be volume produced until the end of this year.

[lindowcross] 04/7/2022 18:41

The point I'm trying, probably poorly, to make is that markets are unpredictable and it's difficult to pin a particular causative factor on movements in share prices. With this stock the price was 96p on 20th April this year, then moved downwards to 87p on 11th May - just before the results. Was that sentiment causing the drop, or did some market participants guess there may be a problem with components. Or were holders just exiting the market generally due to macro trends? The trend continued downwards after the results t0 71p on 24th May. Then recovered by more than 10% to 80p on 9th June - why was that? The market had by then full knowledge of a potential components problem. So objectively it's challenging with a company like this to disentangle the micro from the macro, to prove the causation of a particular movement in the price.

[cfro] 04/7/2022 17:59

lindowcross, the "fact" term i use in my post is used to explain the share price movement you refer to as "down on sentiment".

This is sadly not the case. The results were released on May 12th with the share price immediately responding with a fall (reasons due to ongoing component shortages and hence revenue and profits for FY23 dropping and being deferred into FY24) and has not recovered since. Thats the "fact" and reasons why the share price is currently down.

Edit: best to keep eye on news from CEO of Intel. Thats the man that knows whats going on.

[valhamos] 04/7/2022 17:58

duplicate post

[valhamos] 04/7/2022 17:58

Nocton - thanks for feedback from AGM. CEO certainly sounds impressive. Recent discussion (including approach to supply chain issues)with Simms CEO here:

hxxps://www.gocct.com/2022/06/26/ceo-partnership-discussion/

Hydrus - sparrows, I assume a biblical reference (e.g. Matthew 10:29)

[hydrus] 04/7/2022 17:34

Understood Lindow. Well, apart from the bit about the Sparrow. Let's hope the shortage is easing.

[lindowcross] 04/7/2022 17:28

Hi Hydrus, sorry if I was unclear - I hadn't noticed the further posts after 715. I was just responding to post no 715 from CFRO (whose posts I've found very helpful), and pondering on the causation of share price movements in the market. (there's a special providence in the fall of a sparrow, wouldn't you say?)

[hydrus] 04/7/2022 17:16

Lindow I have no idea what you are trying to say. Plain English is always best IMO.

[nocton] 04/7/2022 17:05

I went to the AGM last week. Met the new CEO, US director and senior staff. All looked good and the CEO very positive and certain he good carry out his plans as set out in presentation recently.

[lindowcross] 04/7/2022 16:54

Or not at all?

[lindowcross] 04/7/2022 16:53

Is that fact of causation proved on the balance of probabilites, or beyond reasonable doubt?

[hydrus] 04/7/2022 16:00

hTTps://www.kbb.com/car-news/is-the-end-of-the-chip-shortage-in-sight/Not over but some glimmers of light

[hydrus] 04/7/2022 15:53

Quite possibly although that was 3 months ago and demand might be falling away quicker than expected

[cfro] 04/7/2022 15:37

Not sentiment unfortunately but fact. Sadly the ongoing component shortages and bottlenecks will likely hold back the companies' and CEO's growth ambitions for a while imv.