Concurrent Technologies Share Discussion Threads

[t-raider] 27/11/2023 07:46

Nice full year update before year end ? could you post the broker note link please.

[somerset lad] 27/11/2023 07:41

Also an enthusiastic Cavendish note.

[simon gordon] 27/11/2023 07:10

That's an exciting trading update. It all looks to be coming together.

[simon gordon] 25/11/2023 10:47

Things looking brighter on the supply-side from Microchip Technology who were the main drag on CNC delivering their order book:

Microchip Technology - 2/11/12

"As our customers adjust to their evolving demand patterns, we have continued to accommodate customer pushout requests where possible. We have also made considerable progress in further decreasing average lead times and ended the September quarter at roughly 13 weeks. The reduction in lead times is resulting in lower bookings and reduced near-term visibility. The actions we are taking to reduce lead times are designed to enable our customers and us to navigate this uncertain environment with agility and effectiveness."

[earwacks] 23/11/2023 20:34

Indeed, haven't seen a trade of 125,000 in a very long time. No news either.

[hastings] 23/11/2023 15:15

Some decent buying activity today!

[hastings] 09/11/2023 11:56

I think the comments from the company suggest that it's noteworthy!Brent Salgat, President of Concurrent Technologies Inc, stated: "We pride ourselves on delivering leading-edge, reliable and cost-effective solutions to the market. This, our highest performance PIC to date, was originally conceptualised for a leading US-based provider of mission-based solutions, and we are delighted to now launch the product for general deployment."

[t-raider] 09/11/2023 09:51

Hope CNC don't go down the path of quantity over quality for their rns notifications. Seen other AIM company's do this over the years to hide the real lack of progress.Associate the new product to a big order and then we're talking. Impossible for us to gauge the worth / value of this product to the company with what is public knowledge.

[hastings] 09/11/2023 08:48

Ah, but there are heatsinks and heatsinks, so hopefully the RNS isn't inflated by hot air!

[cockerhoop] 09/11/2023 08:43

I'm not sure adding a heatsink justifies an RNS Martin ;-)

[hastings] 09/11/2023 07:07

Good to see the new and highest performing PIC announced this morning for general deployment.

[hastings] 07/11/2023 09:15

I believe the straw that broke the camel's back was an apparent inability to deliver on time for CNC.Aside that, I have been very impressed speaking with Kim Garrod, an excellent appointment in my view.

[earwacks] 07/11/2023 09:02

Hastings . Exactly what I thought. Even if the CFO wasn't up to it. Should have been picked up by auditors years back.its the new CFO that came with Miles who discovered the errors. Should get audit fees refunded while they are at it or maybe they binned the invoice. I hope so

[hastings] 07/11/2023 07:14

No surprise to see a new auditor appointed after last year's debacle.

[t-raider] 03/11/2023 11:59

Is there a buyer in the background ? share price moving up on no trades.. all will become evident soon enough I guess.

[t-raider] 02/11/2023 19:36

The % for the older holdings notices will have been potentially impacted by the recent placing, but they are there or thereabouts.

[t-raider] 02/11/2023 19:33

From announcements over the last 2 years, current major share holders are as per below :Lombard Odier 5.03%Cannacord 6.61%Premier Milton 15.85%Liontrust 9.56%Dividend Inc Tst. 5.95%Equates to approx 43% of issued shares (85.6mio).Are there any other significant holders who haven't announced during this period and continue to hold ?Thanks

[sleepy] 02/11/2023 18:49

I may be wrong but I think fund managers such as Lombard Odier only have to declare holdings of 5% and over

[888icb] 02/11/2023 18:12

It would be interesting to know if they bought those 5 million shares on the open market. If so it must be for some time as only 2 million shares were traded from when the share price was 75p until now. So if L O were buying in October they didn’t have much effect on stemming the fall. It will be interesting to see if some lasting confidence has been restored by LO taking 5%. It’s always possible that they had just under 3% before so haven’t bought all 5 million recently.

[t-raider] 02/11/2023 09:24

Don't know where Lombard got their shares from as the share price performance doesn't imply it was the open market ?

[masurenguy] 02/11/2023 07:50

Lombard Odier have taken a 5.03% stake.

[simon gordon] 31/10/2023 13:52

Washington Post - 27/10/23

Unless the defense industrial base is urgently enlarged, America’s military will be, as some policy experts have observed, like a great football team that can play only through the first quarter. Hence, Wicker’s conclusion: “We are in our most dangerous security moment since World War II.”

[simon gordon] 31/10/2023 10:15

Sleepy,

That'll be down the CFO. She's expanded the tendering and accounting staff and is brining in new software systems.

It looks a profitable and growing sector, Abaco's UK/European division did this before Covid hit:

Abaco Systems Limited accounts to year ending December 2020:

-Turnover: £106.6m up from £98.6m
-PBT: £26.4m up from £23.8m


Abaco's 2022 results were filed recently:

-Turnover: £61.8m down from £87.2m
-PBT: £3.4m down from £10.8m

Abaco note in the results that a shortage of microchips adversely impacted revenue.

[sleepy] 30/10/2023 23:35

Presumably there is little doubt about growth but will it be truly profitable growth?

[cockerhoop] 30/10/2023 18:45

I genuinely wish Miles and the company the best and hope the fairly ambitious growth plan succeeds.

I'm watching with interest.