Concurrent Technologies Share Discussion Threads

[earwacks] 29/1/2024 10:14

Seems to be a lot of stock being sized up for takeover. Not sure it’s such a good thing in the long term. The uk market and particularly Aim are short of world class companies. I doubt we would get a bid anywhere near what cnc would be worth in say 5 years. The danger is that if rate of takeovers continues at last years rate Aim will be full of more dross than it already is. As nice as a takeover feels at the time, I lost two companies last year well short of their potential. it takes time to find these companies , getting to know and build confidence in the board and then suddenly it’s all over for a short term gain. Very frustrating. This latest rise may have more to do with more new tech from Cnc as mentioned in news letter . A product called ‘TSN warfighter’ for vehicle architecture. Also the attendance at an embedded tech forum in US. All on the website which you can sign up for useful email news updates

[cfro] 29/1/2024 09:22

I put the rise in the share price this morning down to the escalation of hostilities in the Gulf region as the defence sector as a whole is up..

Obviously more and more emphasis by the investing community is being placed on such companies like this as the world balances dangerously on the knife-edge of WW111, plus with the company finally getting it's house in order and rising up the ladder of prominence in it's industry it's definitely not going un-noticed.

With all that in mind i just wonder if we are now at a time and place where we will see a bumper bid come in. Just a thought.

[valhamos] 17/1/2024 13:33

Under promise and over deliver is best. I am just happy with the promise of material revenue growth in 2024 following a period in which revenue was constrained by component supply issues.

[hastings] 17/1/2024 07:41

Some not sure as to whether today's announcement is ahead of the recent upgrade. So, just to confirm.trading update – Third forecast upgrade for the yearConcurrent Technologies has released a FY23 trading update to 31 December 2023 highlighting revenue around 5% ahead of expectations, at over £30m, with adjusted PBT slightly ahead of market expectations. This follows the strong trading update on 27 November 2023, when we increased our FY23E and FY24E revenues by 9.0% to £29.5m and 10.8% to £33.3m, respectively. Today, we have further increased our FY23E revenue and adjusted PBT forecasts to £31.0m (up 5.4%) and £3.7m (up 6.0%) respectively, our third upgrade since the H1/23 results on 19 September

[hastings] 17/1/2024 07:11

TU out and all looking excellent with record revenue ahead of expectations and adj PBT slightly ahead, even after significant investment.More importantly, the current year looks set for further progress in buoyant markets.

[hastings] 10/1/2024 14:36

Trading Update will be later next week or early the following week, I believe!

[thebd11] 10/1/2024 13:38

The liontrust micro fund requires 3% ownership from management - which post the new team Miles etc no longer has. Technical seller at worst and nice to clear the overhang!

[mortimer7] 10/1/2024 12:31

They stated a trading update would be issued early January (on 27th Nov).

[sleepy] 02/1/2024 22:19

Thanks earwacks. I hadn’t realised that Lion Trust had a 10% holding or that they had sold it.

[earwacks] 02/1/2024 04:43

Sleepy. I just can’t fathom why a trust like Lions would sell their entire holding of near 10 percent. CNC have weathered the worst of supply chain issues and Miles has masterfully redirected the course for cnc to grow into a top tier defence company. I fully expect CNC to either double or get bought out in the next two years. So if I was an investor in lion trust , which I am not thankfully , I would be right peed off!there is the possibility they had no choice , many funds are in difficulty with a lack of liquidity. Anyway not our problem. I am currently in Australia for a few months, hence the weird posting times. The uk market opens at 7pm Ozzie time. I see Sondrel have just lost Siemens as an investor. No surprise there.
Anyway good luck and Happy New shares to all

[t-raider] 28/12/2023 13:06

Expecting trading update next week and possible reinstatement of divi. Should be a good start to 2024. Happy and prosperous New Year all !!

[sleepy] 28/12/2023 11:31

earwacks - ???

[earwacks] 28/12/2023 10:45

Very nice Christmas present from Lion Trust, but not for their shareholders!

[dunns_river_falls] 28/12/2023 09:57

Quietly breaking out! Hoping for a good 2024 here

[hastings] 21/12/2023 07:08

Nice contract win announced, European defence related. Positive trend continuing and bodes well for 2024.

[earwacks] 19/12/2023 18:57

Not overly surprised it’s Lions Trust gone, not surprised but a little disappointed maybe . On the other hand I have learnt that some fund managers are not as bright as they like to think they are. I think Premier Miton have already reduced their holding substantially in recent years. Where as Lord Lee seems to keep strengthening his conviction. Gervais of PM was very open about the difficulties for mangers of funds in small companies and trying not to be in too large a position which itself creates liquidity problems. a positive for cnc to get this sorted without too much damage but yet another negative that’s been dragging on the share. Hope we get trading update re established to early january and some good tendering news from USA. Going to need it! Nice touch to get a Christmas wishes email from Cnc not to mention the resume of an extraordinarily year of restructure and rebuild of products. Gold stars all round. Not my best performing stock but definitely a team that has moved mountains in difficult circumstances and a lot to look forward too hopefully.

[3ootuk] 19/12/2023 18:41

I wonder who picked up that many and whether they are still buying?

[sphere25] 19/12/2023 13:16

We're not through just yet cravencottage :-)

This 75p mark is stubborn but this RNS just out will help.

Liontrust last notified on the 5th September 2023 disclosing a cut from 10.92% to 9.56%. This holding release shows the whole lot of 9.56% has just been picked up. That is some statement to the market.

You now have a few buyers coming in on that to have another go at that key 75p mark. This is the seventh attempt at that mark since July of this year.

When someone comes in to pick up that much of a company, it has to have a look in.

So this definitely has a chance now of breaking higher. Sometimes there can still be residual sellers to go before a big break out too. Hopefully not the case here. We saw that with TUNE recently. There was one whopping big clear out and then stale, before another batch went through. Only then did the price break higher for a decent trade.

Hopefully this 75p won't prove too stubborn. Sellers have had it their way for far too long in these small caps!

Let's see.

All imo
DYOR

[cravencottage] 19/12/2023 13:15

So it’s official

Our seller has offloaded the lot..

👌

[cravencottage] 19/12/2023 09:52

Nicely timed Sphere 😊👍

[earwacks] 19/12/2023 09:29

Mega trades yesterday and now 50 trades in first hour and the share price jumps to 76p on no news?mm.

[hastings] 18/12/2023 18:09

Agree with that. Looks like stock being switched or moved around.

[3ootuk] 18/12/2023 17:40

Premier Miton or Liontrust?
Though every seller has a buyer, so could it be a managed swap of portfolio?