Concurrent Technologies Share Discussion Threads

[sleepy] 15/8/2023 06:57

Thanks simon

[simon gordon] 14/8/2023 20:28

Jim O'Shaughnessy's son:



Jim has an interesting YouTube channel called Infinite Loops.

Patrick has a podcast series called Invest Like the Best:



I think Jim has now retired and Patrick has taken over O'Shaughnessy Asset Management. Jim is totally out-there!

[sleepy] 14/8/2023 20:08

Who is Patrick O'Shaughnessy please?

[simon gordon] 13/8/2023 11:45

Technical view from ADVFN poster bamboo2 - 13/8/23:

CNC

In order to generate targets, Bulkowski advises breaking down longer term chart formations into their smaller constituent patterns.

CNC is a bull flag/pennant. These are typically up to 20 sessions long, although be flexible.

The flag consolidation zone often marks the halfway point in a move. Bulkowski calls this the half-staff, in UK we might call it half-mast.

The target is calculated by adding the flag pole length to the lowest point of the flag. This gives a tp above the long term down trend line. Looks good, flag apex is early w/c 14/8/23

[simon gordon] 09/8/2023 19:05

Share price just about flat YTD. Could get more interesting if it can break the multi year down trend.


free stock charts from uk.advfn.com

[simon gordon] 02/8/2023 17:20

Thirteen vacancies at the moment. It's full steam ahead....

[...]

*Advfn blocking the link to CNC's website.

[simon gordon] 01/8/2023 17:06

Valhamos,

Cheers!

SX-153 Dual-Enclave 100/40 Gigabit Ethernet Switch

[valhamos] 01/8/2023 16:49

Nice. Looks like the partner here is Pacific Defense and the technology is required for CNC's system portfolio if it is to make serious inroads in the US Defence market.

[earwacks] 01/8/2023 12:51

Just brilliant. Another new product launch with record first half revenue forecast. When is the dopey market going to wake up? I See plonkers Cannacord halved their holding a couple of weeks ago. I’m not too sure about some of these interviewers. Tend to be a bit too sound bitey for my liking. Little research into the companies and what they do or their history. I dont mind Zak but charting volatile aim stock really is a load of baloney. Martin Flitton (private punter ) did a very good in depth piece on CNC and took the trouble to have a good chat with Miles. You can deduce the difference in tone between the two interviews about talking to someone with a lot of background knowledge and someone who likes messing about with triangles and coloured pens. Martin has also been invested in Cnc for a considerable time. I know momentum is a key indicator in price direction but it only takes a few big fund managers to totally distort a share price.

[earwacks] 19/7/2023 09:30

I did drop Miles an email congratulating him on sorting this out and effectively turning the company around in two very difficult years of rectifying some ‘out of date accountancy ‘ and disrupted supply chain. Someone on Stockopedia suggested that there was a danger that another company could replicate what CnC do. I think most people would recognise it’s called competition, something every company in every sector deals with! Never ceases to amaze me some of the comments. Miles did mention that the supply chain issue was not fully resolved but due to their foresight of spending the cash on stock, some of that outlay should add to rebalancing the cash pile in due course.

[simon gordon] 18/7/2023 15:35

If price can move and stay above 80p it could make a run to 100p where there's the next line of resistance.

Monthly five year chart:


free stock charts from uk.advfn.com

[deanowls] 18/7/2023 04:39

That was one of my worries that the cost of all the additional hires didn’t result in profitable sales conversion. Great to see it happening and should be a flywheel effect going forward.

[simon gordon] 17/7/2023 17:47

Hastings,

And that the brand new sales team have got so many design win tenders at such an early stage in their employment:

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 Sales: appointed 6/22 - Came from Recab.

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

[simon gordon] 17/7/2023 16:03

Cenkos EPS forecasts:

-2023 = 4.71p

-2024 = 5.25p

-2025 = 7.07p


Next news flow:

-AGM: 24th August

-Interims: 19th September


Potential upside surprises:

-Multi million pound order from one or more of the >20 design win tenders

-Earnings enhancing bolt-on acquisition


Cenkos - 17/7/23:

Order intake continues to grow and a medium-term book to bill ratio target of 1 could see a substantial uplift in revenue and profitability versus our current forecasts. Our conservative forecast upgrade for FY23E shows the operational gearing impact of revenues increasing faster than the settled operating cost base. Revenue outperformance versus our forecasts would have a correspondingly larger outperformance on profitability.

In our view, our FY24E and FY25E forecasts are conservative but still show Concurrent Technologies generating levels of revenue and profitability well ahead of levels the business has delivered previously. We believe Concurrent presents investors with a compelling investment case and a significant growth opportunity.

[hybrasil] 17/7/2023 10:14

I bought this am based on that rns.
Surprisingly little comment

[valhamos] 17/7/2023 07:50

I like the confidence being expressed - "We are at an inflection point...we will enter a period of growth" which is now being demonstrated in the numbers. I suspect once working capital normalises in H2 they will be looking to complete a small acquisition in the US to accelerate growth even more.

[gswredland] 17/7/2023 07:35

Great news!

[hastings] 17/7/2023 06:24

Indeed. Broker ups EPS to 4.7p from 3.65p.

[earwacks] 17/7/2023 06:14

As promised. More regular updates. I million first half profit, record order book and forecast revenue slightly ahead, looks like growth to me. And the share price? Anyones guess.

[hastings] 17/7/2023 06:10

Excellent update and geared for growth with revenue forecast to be slightly ahead but profit materially ahead of expectations.

[masurenguy] 17/7/2023 06:08

Great set of interims !

Post-Close Trading Update

Concurrent Technologies is pleased to announce a trading update for the six months to 30 June 2023.

Based on its unaudited management accounts for H1 FY23, the Company expects to report revenue of approximately £12M (H1 FY22: £7.4M) and profit before tax of approximately £1M (H1 FY22: £0.1M). This represents record first half revenues for the business and an increase of 60% compared to the equivalent prior year period. The business is now operationally geared for a higher revenue outturn and is well positioned for future growth. Order intake remains strong with H1 FY23 intake of £14.5M and an order backlog, as at 30 June 2023, of approximately £29M.

Global supply chain shortages continued to suppress revenues in H1 FY23; however, the current position is very different to January 2023 and, whilst supply chains have not returned to historical norms, they are much more favourable and continue to improve. In recent weeks, the Company has taken significant deliveries of previously supply-restricted components and is seeing improved forecasts from suppliers for both schedules and quantities. The revenue profile across H1 FY23 reflects this, with monthly revenues improving throughout the period. Accordingly, cash management remained a focus for the Company during H1 FY23 and working capital employed in the business remained higher than would be typically required. It is expected that this position will begin to reduce across the second half of the year, with potentially stronger revenues, and the unwinding of the inventory holdings that have been established to date. The Board believes that the Company is in line to deliver revenues slightly ahead of current market expectations and profit before tax materially ahead of market expectations.