Concurrent Technologies Share Discussion Threads

[t-raider] 21/9/2023 15:39

I wonder what the nature of those big trades is ?

[gswredland] 19/9/2023 16:27

I like the cautious approach

[hastings] 19/9/2023 15:41

Write up for interest.https://martinflitton1.wixsite.com/privatepunter/post/concurrent-plugging-in-for-growth-19-09-23

[simon gordon] 19/9/2023 12:04

H1 slide-deck presentation is now on the investor relations page of the CNC website.

[somerset lad] 19/9/2023 10:09

Today's Cavendish (ex-Cenkos) note changes cash and EPS forecasts to reflect the raise, but leaves revenue and profit numbers at the same level as Cenkos's 17 July note, i.e. not making any changes for the Stryker acquisition. Presumably CNC management need to further digest the acquired business before guiding Cavendish, but it does mean that the forecast numbers should be asterisked.

Interims showed capitalised R&D running at £1m more than the amortisation charge, so all of the profit figure is down to capitalisation policy. I'm fine with this in CNC's case as the company is investing heavily in marketable products with a longer term payback.

I emailed Newgate about a private investor presentation but have had no response.

[gswredland] 19/9/2023 09:15

True Raider.
Short term profit taking this morning hopefully bringing the share price down to add

[t-raider] 19/9/2023 08:49

I appreciate the cautiousness and transparency over the component challenges, but was it necessary to mention it 6 times during the announcement. I felt it put a negative taint on the narrative for what were otherwise promising/positive results.

[simon gordon] 19/9/2023 08:28

Wonder if the next move is to buy a small design house in America. Someone like these guys with c.7 staff. Acquiring with a mix of cash and shares.

[valhamos] 19/9/2023 08:06

Continued progress but still some way to go. As they rebuild gross margins and the investment in new hires pays off I am expecting a return to the 15% plus operating margins achieved a few years ago.

[gswredland] 19/9/2023 07:56

Sounds very positive. Reiterates what we already know

[hastings] 19/9/2023 07:33

And dividends clearly back on the agenda by the year end, given the positive outlook.

[jm65] 19/9/2023 07:24

Rather good interims today :-)

[hastings] 15/9/2023 12:00

I'm in the process of firming up a slot on the day, so will endeavour to ask a few questions and relay via another write up for interest.

[somerset lad] 15/9/2023 09:03

Interims on the 19th. Call for analysts. Nothing for private investors.

[earwacks] 15/9/2023 08:58

Interims September 26th I think. Well done Miles and team. Market seems to be waking up to it at last

[simon gordon] 14/9/2023 18:17

Shaping up to be the best quarter since Q4 2020. Decent volume and if price holds at current level it will print a bullish engulfing reversal candlestick pattern.


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[hastings] 14/9/2023 10:38

Nice buy gone through following the earlier trades. Looking forward to the results and hopefully catching up with management again.

[simon gordon] 13/9/2023 13:06

Partner EIZO at DSEI. Far superior marketing style. CNC branding their website address seems a waste of space but then again maybe they're having to do this because of Concurrent Technologies Corporation in America and that some potential clients get mixed up when searching for them on the web.

[simon gordon] 12/9/2023 10:31

CNC team at DSEI London (via LinkedIn) - 12/9/23

[masurenguy] 06/9/2023 07:13

Concurrent Technologies acquires Phillips Machine & Welding Company

Concurrent Technologies has acquired Phillips Aerospace for cash consideration of approximately US$1.875m (approx. £1.47m) and the issue of 1,807,686 new Ordinary Shares in the Company ("Consideration Shares") to satisfy a total consideration of US$3.375m. The Acquisition supports the Company's strategic goals of adding US based manufacturing to its existing capabilities whilst continuing to a greater focus on the systems market in response to customer demand.

The Acquisition significantly enhances the Company's capability to design and manufacture rugged systems utilising its existing Plug-In-Cards. Concurrent Technologies' management team believes that the acquisition of Phillips Aerospace is an ideal opportunity at this stage of the Company's development in the rugged systems market, which was valued at c.$2.3bn in 2022 and is projected to grow at a compounded annual growth rate of 14.9% to c.$6.9bn by 2033. The addressable market for rugged systems in the defence sector alone was US$262.9m in 2020, with an anticipated CAGR of 10%.

[earwacks] 05/9/2023 13:47

Lord Lee is probably one the longest standing shareholders in CNC. Not only that he used to visit the company regularly and was a government advisor on defence.I notice Liontrust made a second announcement regarding its holding recently. I wonder if this is more to do with the recent placing now that has been responsible for reducing their actual percentage.Although you would think that might apply to some of the others with notifiable holdings. Perhaps they took part in the placing to maintain their holding. Pretty pointless some of these rns statements if they dont state whether a purchase or sale has taken place, or that a placing has reduced their percentage because they have not taken part in it. Look forward to the interim announcement, obviously a lot more than the market currently is.

[masurenguy] 05/9/2023 08:14

Lord Lee likes Concurrent !

[simon gordon] 03/9/2023 11:37

Quite straightforward to register for this recorded webinar:

Military & Aerospace Electronics - 29/8/23

SWaP Challenges For Future Military Vehicles

A Military & Aerospace Electronics-hosted webinar sponsored by Concurrent Technologies and IEEE Discovery Point for Communications

The global armored vehicles market is forecast to grow strongly by 2030, influenced by conflicts in Ukraine and the implementation of major upgrade and replacement programs. Part of this growth will come from military electronic vehicles and the computers that will help drive them.

This 45-minute webinar will cover the push significantly to reduce the size, weight, power, and total cost of ownership; the conversion of legacy-based real-time sensors and equipment to Ethernet-based connections; workload consolidation; and assured timing and navigation capabilities. The webinar also will compare and contrast the maturity of the standards driving country-specific requirements and provide guidance on how best to balance risk and capability.