Concurrent Technologies Share Discussion Threads

[earwacks] 06/3/2023 21:00

Great to get such a detailed team sheet. Let’s hope we can become the Juventus of the semiconductor world. Hope we will get some news on the replenishment of the cash pile soon as promised. I get the ‘speculate to accumulate’ plan but don’t run before you can walk, admittedly they have walked most of the way from the 1980s. Extra ordinary podcast with Miles recently where the revelation that he is blind tops a very upbeat vision of the future. He seems an incredible man and gives one the confidence that there is no doubt he will succeed with his plans.

[simon gordon] 06/3/2023 17:20

All being well, this Premier League team will move CNC from the Championship in the coming years:

SALES & BUSINESS DEVELOPMENT

-Richmond Davies, Commercial Director: appointed 1/23. Came from Capita.

-Ian Keene, International Sales Manager: appointed 11/22. Came from Enovation Controls.

-Jonathan Shaw, UK Sales Manager: appointed 9/22. Came from Abaco Systems Ltd.

-Andy Conway, Head of UK Sales: appointed 6/22 - Came from Recab.

-Tim Tipton, Executive Vice President Business Development and Sales: appointed 2/22. Came from Abaco Systems Inc.

-Jason Wilkes, Global Sales Director: appointed 6/19. Came from Presagis.


ENGINEERING & PRODUCT STRATEGY

-Nigel Jowitt, Director of Engineering: appointed 3/22: Came from E2V Teledyne.

-Dave Halliday, Head of Product Strategy: appointed 2/22. Came from SMART Embedded Computing.

-Luke Trend, Head of Software: appointed 11/21: Came from McLaren Applied.

-Brian O’Connell, General Manager and Head of NPI (new product introduction) Engineering: appointed 11/21 - Came from E2V Teledyne.

-Dave Henderson, Systems Leader: appointed 9/21. Came from Abaco Systems Ltd.

[simon gordon] 05/3/2023 15:07

Abaco Systems Limited accounts to year ending December 2020:

-Turnover: £106.6m
-PBT: £26.4m

Companies House:



The Systems Leader at Concurrent moved from Abaco in September 2021, he looks as bright as a button:

[simon gordon] 03/3/2023 17:13

One year weekly chart, showing a circa 70p to 90p trading range. Two plunges on negative component news in May and September. Here's hoping in 2023 it pushes through the range and makes an all time high (+124p).


free stock charts from uk.advfn.com

[simon gordon] 28/2/2023 17:22

China starting to move back toward normal delivery times. I wonder if CNC got hit harder in 2022 due to the Omicron variant hammering China?

[simon gordon] 28/2/2023 11:26

Cenkos - 26/9/22:

The manufacturing operations are currently operating on one shift per day, generally from 8am until 4pm, 5 days per week. This represents a manufacturing capacity capable of supporting up to £2.2m per month in revenue.

The double shift system, requiring no capital investment and only minimal increase in operating costs, will increase manufacturing capacity to a level capable of supporting up to £3.5m per month in revenues. Annualised, this is over £36m of revenue potential, all without any capital spending requirement to increase capacity.

[simon gordon] 27/2/2023 18:21

Bearish Potential
-Colchester factory catches fire.
-Component shortages worsen again.
-2023 flat as a pancake.
-Growth doesn’t come through on new products.

Bullish Potential
-Component shortages ease further.
-Colchester factory capacity: double/triple shifts seven days.
-Nextek factory capacity in America.
-New products take off and order book accelerates.
-2023 is a record breaking year on T/O and PBT.

[robow] 26/2/2023 13:15

Thanks Simon for posting a link to the podcast. It is fascinating and inspiring.

[simon gordon] 24/2/2023 21:10

Tim Tipton joined a year ago as Executive Vice President Business Development, before Concurrent he was Sales Director for Integrated Systems Solutions at Abaco Systems Inc.



Abaco was bought by AMETEK in 2021 for $1.35bn.



'Abaco Systems products and solutions can be found in many high profile military/aerospace sea, land and air programs, as well as in commercial and industrial organizations in which rugged reliability is mission-critical.'

Revenue - $290.0M

Employees - c.700

[gswredland] 17/2/2023 16:34

Bought in the last 15 minutes, on the basis of the chart.seems to bounce off 71ish and last statement upbeat apart from potential supply issues which look like they are being sorted.
Thank you Valhamos

[earwacks] 20/1/2023 16:54

Another record order book above £20 million and the share price? It goes down. Of course it does makes perfect sense! Directors talk update from end of September. This is the year that supply should improve. The new side of the business is e design and delivery of whole systems which is more lucrative. Big drive in new business in America. Medium term very positive. Still a few issues short term which is frustrating.

[my retirement fund] 08/1/2023 22:05

Yes there is still an investment case here

[cravencottage] 08/1/2023 21:21

Here Here!

[earwacks] 08/1/2023 20:22

It might look like jam tomorrow but I don’t think it’s pie in the sky. Record orders and 10 percent up on forecast with cash balance expected to rise rapidly. Sounds pretty good to me

[garbetklb] 04/1/2023 12:34

I wonder if / how much of their stuff is finding its way to Ukraine? Double shifts has a ring or urgency about it. On one hand, this might be a temporary boost; on the other, there's nothing like battle proving of one's product.

[my retirement fund] 04/1/2023 09:36

If it looks like and sounds like the old jam tomorrow flannel, it probably always will be! I did wonder if the bounce was going to be higher given the rsi was floored.

[cravencottage] 04/1/2023 09:31

The Company is running double shifts and has the potential for " Significant revenue growth"

They've bulked up their inventory levels to fulfill orders etc.

I guess it depends whether your glass is half full/empty - But there's certainly more positives than negatives out of the latest statement IMO.

Time will tell.

[gswredland] 04/1/2023 09:13

Let's hope so!
I am worried about supply chain issues

[masurenguy] 04/1/2023 09:03

Yep, it is still early days and "the proof of the pudding etc" has yet to be determined. However, so far I think that he is on the right track to deliver!