Concurrent Technologies Share Discussion Threads

[geraldus] 12/1/2004 20:35

There are some big telecoms deals brewing in China and CNC have some exposure,I wonder if there might be some newsflow soon.I can but hope.

[adejuk] 02/1/2004 15:57

looks like I missed out on asr david. is it still worth the punt or do you think it is worth waiting for a retrace?

[adejuk] 01/1/2004 16:46

HYN browndavid. fully agree and will be topping up on next trading day - is that friday or mon? I have also decided to top up on pxc, mmg, oxb and bgc. I will be more than topping up with fto when the retrace is over in the new year.
happy new year to all.
will check out asr, thanks.

[browndavid] 01/1/2004 13:13

Happy New Year everyone. This board has become very quiet, and at 22p to buy, an excellent prospect for at least doubling in 2004. After ASR this is my No.2 tip for the year (pure amateur babble, but my money backs my opinion).

Does anyone with the know-how feel like updating our main thread on CNC for 2004?

[adejuk] 16/12/2003 13:00

don't sneeze! it could precipitate a collapse!

[jailbird] 11/12/2003 08:21

Vernit,

They did give a trading update and warned that profits will be below expectations.That's what is keeping the price depressed. Probably fair value now.

[vernit] 11/12/2003 08:15

I am surprised that Gordon Brown's 800 million boost to the Services has not given a fillip to CNC, especially as the emphasis of new spending will be on 'network enabled' computer systems to give real-time pictures and information in areas of conflict.

[geraldus] 02/12/2003 20:29

I agree there is tremendous upside in their markets,but it would better to be re-assured by some announcement of the contracts previously alluded to by the CEO.

[browndavid] 02/12/2003 10:41

Vernit - agreed that the market is the ultimate judge, but IMO not today's market but next year or 2005 seen in the light of hindsight. Hindsight will reveal whether Adejuk and I have (wisely) bought on a dip, or (foolishly) bought at the top of a downtrend. Without further news being issued, there remains a strong chance that the price will dip further if the next results are more than just marginally affected by delayed revenues (maybe a chance to average down further if I have any cash from sales then), but a bit of unexpected news, or a tip from such as Red Hot Penny Shares, could add 20% overnight in this illiquid stock. Given the nature of the War on Terror and the protracted problems in Iraq, CNC must be continuing to benefit on military application. If the latest US economic figures do indeed indicate that the US economy has returned to significant growth then that should herald the long-expected cycle of upgrading internet and telecom infrastructure where CNC has considerable expansion possibilities. This is a profitable company with adequate cash to be able to pay a dividend and the directors are buying at the present price. I cannot see much downside from here, and IMHO I have a good chance of doubling my investment in the next 12 months with CNC.

[adejuk] 02/12/2003 07:52

vernit, are you angry or is it just a problem with syntax? we obviously disagree about the value of this stock, although you make some very good points in your posts. At least david and i have put our money where we hope not to find our feet!

[vernit] 02/12/2003 07:41

Browndavid - Nelson is of course paid to sound convincing - the best judge of this sorry incident, and of the possibility of any reoccurence, and of whether the directors are truely in control or just lead by events, is the market.

[browndavid] 02/12/2003 02:54

Vernit - the purchase of 7k @ 23.5 was mine, the 10k @ 22p was a sale of insignificant difference from my purchase to have affected the price, and Adejuk's purchase at 22.81p just before the close hasn't shown yet. Maybe there are other trades not shown (T-trade??). Having watched a stable price most of last week, you can imagine that I was very miffed to see the offer fall after my purchase for no apparent reason!

Nicholas Nelson referred specifically to the MOD regarding the protracted verification period. He sounded very convincing; and having been brought up with Radio's 'The Navy Lark' I can believe that the level of beaurocracy required by the MOD to verify a change in specification might still be legendary! I resisted the temptation to point out that directors had bought as soon as the price fell following the 21st Oct RNS, and then they had issued another, positive, RNS relating to the liaison with Intel etc.... he could hardly have confirmed to me that such a ploy was played, if indeed it was. We must reach our own verdicts whether the 21st Oct RNS was negative (as the market took it) or positive in the longer run (as Nelson would see it). I've edited my posting to show his tel. number, if you feel like calling him yourself.

[vernit] 02/12/2003 00:18

Browndavid - I remain really quite unconvinced. If it really is such a pally-pally club between supplier and customer, why did the supplier dump on CNC and force them into a position of having to issue an RNS that sounded to the rest of the world like a profit warning. The correct course would have been to delay obsolescence of the CPU component by a few months to allow CNC to marshall a replacement without having to issue an RNS at all. Its either poor communication between supplier and customer or their trying to pull the wool over our eyes. What steps are being taken to avoid it happening again ?

PS. there were only two trades of 10,000 and 7,000 yesterday. If these were the two purchases referred to by adejuk and yourself above then how come the price dropped by a 1p yesterday ?

[adejuk] 01/12/2003 16:32

I agree david. I just bought a small bargain lot at 22.81. As good as 22 imo.

[browndavid] 01/12/2003 10:33

Having read and reread the RNS of 21st October regarding the unannounced discontinuation of a key component, and finding some ambiguities, I rang Mr Nicholas Nelson (0207 457 2020) this morning for clarification. He told me that the component is a CPU (sorry, I don't know what one of those is), and the supplier has produced a technologically upgraded version and hence discontinued the older version. There was never any question of taking action against the supplier: it is a simple matter to pull out the old CPU and replace it with the new one. However, the time delay for receipt of revenues is because a change in the specification of Concurrent's product, supplied to the M.O.D., has to be verified with the MOD, and the process usually takes many months or even a year (!!). It is the need to go through a verification program with customers which is the cause of the delay. In fact, due to the circumstances a speeded-up verification is under way which will result in the new technology being on the market earlier, and this will have the positive effect of giving Concurrent a leading market edge. He told me it was a very difficult RNS to word, because they wanted to avoid any implication of fault on Concurrent's part and at the same time not upset a valued supplier with whom they have a very good working relationship.

There are 2 consequences according to Nelson. Firstly, there is absolutely no question of losing a single customer, since the outcome of the verification process will be that the customer will obtain upgraded technology sooner than might have been and they are happy to wait out the verification. Secondly, the overall message is positive for the company, resulting in them being the first among competitors to be able to offer the upgraded technology.

So the 21st October RNS is a POSITIVE announcement for CNC. Not exactly how the market read it! I've added at only 23.5p this morning, leaving me averaged at 26.8p.

[adejuk] 23/11/2003 16:32

maybe even 22!

[adejuk] 23/11/2003 16:31

thanks geraldus - this is looking well oversold. Another opportunity at 23 coming up I think.

[geraldus] 11/11/2003 20:57

The CEO said the deals were due to be announced with two global giants by mid October-He is running late.Off topic Radstone doing very well in a similar line of business.

[adejuk] 11/11/2003 20:05

unpack that for us geraldus if you please?

[geraldus] 30/10/2003 20:27

Quite agree,they lined their pockets nicely.More news still to come on contract deals with an European defence firm and a leading US telecoms company.

[29palms] 30/10/2003 20:03

These buying Directors should watch out as this, in my opinion, constitutes insider dealing........

......and this is real speak from a long standing investor.

Regards,
29palms

[scotty500] 30/10/2003 15:33

Another to benefit from the upturn in telecoms has to be TTL, only floated on aim yesterday but one to keep on eye on.

[browndavid] 30/10/2003 15:21

Well-timed announcement, coming after a very positive day in the US for Iraq war-related company profits announcements. Let's hope that some movement substantially above 30p will be seen in the next few days. This seems a very undervalued company with huge expansion potential, IMHO.

We haven't had any news lately regarding the telecommunications aspects of CNC's business. The apparent pick-up of market conditions being reported by other telecom-support companies recently ought to be positive for CNC, whose market profile must also be receiving a big recommendation for quality and long-term reliability from its expanding military contracts. Regarding predictions for telecom traffic growth, and the associated onboard computer applications for handling this which will be required, CNC are well placed to get a big share of this market. Joining the ICA should substantially increase the chances of winning numerous small contracts as part of broader support packages.

[moreforus] 30/10/2003 14:11

...doo doo daaaah!

[scotty500] 30/10/2003 13:29

Should the directors have been buying shares before this announcment ???