Concurrent Technologies Share Discussion Threads

[valhamos] 16/8/2023 11:20

From your link in your previous post Phillips Aerospace has 18 employees.

[sleepy] 16/8/2023 11:08

How many (any?) employees does the acquired business have? Are the three named sellers full or part time?

[simon gordon] 16/8/2023 11:05

Hastings,

-Tim Tipton

-Nextek

-Stryker

The hiring of Richmond Davies was a sign they were not going to hang around on the acquisition front.

Stryker looks like it kills two birds with one stone, new products and a manufacturing base in America. All for a £2.5m and the management team are hooked in with shares.

[hastings] 16/8/2023 10:55

I think the really important thing Simon is the leverage it will provide them with.The US market is hard enough to crack for an outsider given the increasing Insular nature and restrictions on operators from different shores, so an increasing and recognised presence there should help massively going forward.Progress really being made there as previously highlighted by management.

[my retirement fund] 16/8/2023 10:46

Lots of rose tinted glasses here.

[simon gordon] 16/8/2023 10:32

I wonder if they could build the Stryker factory up to the equivalent of the Colchester factory. If so, it would be a bargain entry price.

"14,000 sq/ft manufacturing and office facility in California, from which a team of 20 employees and contractors are engaged providing a permanent base in the US from which the Company can operate and manufacture."

I can't find the size of the Colchester factory but the next door unit, 6 Gilberd Court is 19,200 sq/ft.

Maybe they are going to spend a few million on building up the capacity. They have the products and the sales team.

"The management team considers Stryker to be undercapitalised and has identified a number of areas for investment in the existing Stryker business which it believes will result in significant growth in revenue for the acquired business and the enlarged group as a whole. Concurrent Technologies will utilise its global sales channels to leverage the Stryker product offering and will also leverage Stryker's capabilities to increase its Systems market presence in the short term."

No sign of a Cenkos note yet, should be clearer when they opine.

[sleepy] 16/8/2023 09:51

This might be helpful if anyone would like to contact Don McKenna and learn more - (he may well becin a different time zone)

[earwacks] 16/8/2023 09:17

Miles is clearly not short on ambition. First he set about cleaning up the company accounts, that were clearly not properly audited for a number of years. He also tactically fielded a very disruptive supply chain shortage with great alacrity and clarity. Dread to think what might have happened with the old regime. Probably would have been bought out for a pittance. Now we have a thoroughly reinvigorated, stable and well supported modernised outfit ready to take the world. The acquisition will add to revenue this year but being undercapitalised will require investment. The extra money raised is there for further opportunity, which in itself would save time and money. Excellent work. He doesnt hang around our Miles!

[cfro] 16/8/2023 09:03

Nothings perfect in the business, finance and investing world so makes sense for them to do a fund-raise right now. Just considering whether i personally want ot participate as i already hold a fair few of these..

As i understand it this is all about them gaining a firm foot-hold in the US and the systems market. They may need more strategic acquisitions in the future to achieve this i would guess.

[cockerhoop] 16/8/2023 08:46

Yep, I think that's fair comment rimau1, they may also be eying further acquisitions.

[cockerhoop] 16/8/2023 07:51

Hmmm......have to raise an eyebrow at a company with £4.5m net cash and a forecast net cash at YE of £9.3m raising £6.8m (via a discounted placing) to fund a £1.5m acquisition (cash part). Clearly the acquisition requires further investment (it has minimal revenue and was loss making) but still you'd like to think it could have been funded from cash flow.

[hastings] 16/8/2023 07:20

Looks like a very good strategic acquisition announced. Not concerned on the discounted placing, suck the lemon and enjoy the future upside!

[sleepy] 15/8/2023 07:57

Thanks simon

[simon gordon] 14/8/2023 21:28

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 21:08

Who is Patrick O'Shaughnessy please?

[simon gordon] 13/8/2023 12:45

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 20:05

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 18:20

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

[...]

*Advfn blocking the link to CNC's website.

[simon gordon] 01/8/2023 18:06

Valhamos,

Cheers!

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

[valhamos] 01/8/2023 17:49

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 13:51

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.