Concurrent Technologies Share Discussion Threads

[earwacks] 03/5/2024 12:49

House broker have a £1.65 pt forecast to 2026. I saw another one saying it was a hold. I think that is fair on these results. So maybe at a consolidation point till the next news. That’s the tricky bit, wait for the news and the horse has bolted. The house also say it is worthy of a premium to sector which as we know is one of the hot ones right now. We also know they are very busy building the contracts book. £1.65 is a 65 per cent rise to todays share price over 2 years. So sit back and enjoy the ride, maybe add a few as and when. I’m a bit stuffed at the moment. Time to look at what to sling out maybe

[earwacks] 02/5/2024 09:30

Yes excellent write up Hasting.48 views already! Shows encouraging interest. One other point that occurred to me about the generous remuneration, is that commitment and incentive works both ways. Hopefully he wont get head hunted for a while at any rate! Miles is clearly a very driven capable CEO who exudes enthusiasm and confidence and is a great communicator and organiser. He could sell me anything! Hopefully we will break the magic £100,000 mc before too long which might gain some further traction with bigger backers. Dont know about everyone else but I find it increasingly hard to find stock that you could reasonably expect to hand on to grandkids. Remember cnc started in 1986 I believe. Great job Hastings, many thanks and well done.

[misterd1] 02/5/2024 08:33

An excellent write up Hastings and one point I totally related to was the stock build one.

I work in a similar industry and we too bought over 3 years of product given the supply chain disruption (and the only real alternatives being poorer made Chinese sourced products).

The auditors still raise the 'slow moving' type question but we have largely secured orders for 90%+ this year alone.

So this struck a chord with me.

More than happy to hold CNC right now - and should there be any pull back of note, then I would look to top up

[hastings] 02/5/2024 08:20

Write up for interest, following my catch up yesterday.https://martinflitton1.wixsite.com/privatepunter/post/concurrent-technologies-on-a-growth-footing-02-05-24

[hastings] 01/5/2024 19:49

I think Scotty does a decent job, but I do think he covers too much ground.I noted his comments on CNC today too and disagree with some of his conclusions.The inventory aspect in particular has specific underlying reasons which hopefully my piece tomorrow will provide more flesh on the bones.

[earwacks] 01/5/2024 15:20

Wouldn’t pay much heed to Scotty. Very opinionated and biased in his own way. I was a bit peeved at the options initially, but would rather that and see the stock rise 40 percent, than some of the risky stuff Scott seems to rave about. My other big winner has been Niox. They also have big options, but the share price has more than doubled. If you get above average results you should expect directors to reap a decent return. Then you get people like the dubious Jim Mellon who absolutely take the pxxx. One of Scottie’s wilder recommendations. If that’s all he is worried about in a potential 250 candidate in a few years, it’s a price worth paying when you think what Miles has achieved in double quick time in very difficult circumstances. Chip shortages, incompetent broker and accountant. Basically he salvaged a sinking ship and has set a very strong new course. Nothing against Paul by the way. I think he is very experienced and knowledgable. I get the feeling too many take his word as gospel. Thats fine if you need that kind of guidance. Discussions are good but you really need to make your own mind up and think about the future. Not like one of his readers who announced he sold up after reading Scotts opinion. That is ridiculous . I subscribed for a year , but found it way too confusing and contradictory. Is it worth £250 just for uk? Fine as research, but take with a huge pinch of salt. If you write about this stuff its always going to make a fool of you eventually. Its bad enough putting your own money where your mouth is. Hopefully most of us here are doing ok, (unless you are the chair. Think he paid £1.10 when he joined.)so at todays price jump, i feel we are well up with events, possibly a bit ahead taking into consideration the dilution and yes the Board have awarded themselves handsomely. There was a 25k buy this a.m @ £1.07. Tempting to sell I am sure. Always worth playing safe if you have a good profit. I first bought in at 22p (actually it was 19p, I checked. Seemed to take forever to get to 22p) and have traded on a few occasions, not always getting it right! Plenty of liquidity here at the moment. I admit I offered a batch for sale and was staggered they would take the whole lot at above mid price, so turned it down. May drop back a bit but who knows. There is of course always a bid opportunity. Just about everything on the uk market! Lookforward to Hasting’s blog tomorrow. Name reminds me of Foyle’s War! Personally I like to keep my distance from directors from past experience. No doubting Miles is one of the best heading up an Aim listed company. Gl

[c3479z] 01/5/2024 14:42

Paul Scott thinks management remuneration too high....

[avc0nway] 01/5/2024 10:26

Thank you, rimau1, for your timely post #275 on the CHG bb. Your "heads-up" regarding CNC prompted me to make enquiries and a subsequent entry here at 96p. Much appreciated.
avc

[hastings] 01/5/2024 08:25

Great and worthwhile catch up and I'll endeavour to get something up by tomorrow. (busy day!) suffice to say in short. They're very comfortable with the new 2026 forecasts which bodes well!

[rimau1] 01/5/2024 08:09

Looking forward to your write up hastings. Its the quality of the layered earnings that attracts me here. CNC, if allowed to grow independently, could become a significant global defence contractor.

[simon gordon] 01/5/2024 07:45

The ambition and the quality of the earnings give CNC a good shot at eventually becoming a FTSE 250 company. Now it's just a matter of patience.

Cavendish - 1/5/24;

Management is aiming to increase the number of design-in wins each year. The impact of layering multiple design-in wins, year after year, on future revenue is clear. Taking just a similar layer of design-in win LTV creation over our forecast period to FY26, as delivered in FY23, would create over £400m of future revenue potential. Further revenue growth will be delivered by the expanding Systems division, which over time is expected to deliver substantially greater scale contract wins for the business. This commercial strategy is why we anticipate Concurrent Technologies becoming a materially larger business over coming periods.

[hastings] 01/5/2024 07:43

Worth noting too, the paradigm shift within the UK. Historically underrepresented, but a marked jump to £5m of orders.Yet another positive delivery previously outlined by the CEO as a target and now being delivered.

[earwacks] 01/5/2024 07:23

Agreed Vahlamos. Especially in the short space of time this turnaround has been achieved with military precision and strengthening long term projection. Excellent job

[valhamos] 01/5/2024 07:11

Good results in line with updated forecasts. The company continues to have long-term growth characteristics. I like this comment;

"While we expect order intake to continue to build in FY24 and FY25, it is in subsequent years that we will experience the material benefit of the design wins secured in FY23.....We expect the design wins secured in FY23 to yield a significant lifetime value of at least £100m to be realised from FY26 onwards."

[earwacks] 30/4/2024 09:38

Thanks Hastings. Seems to be motoring now, much quicker than I expected. Should be quite an update. Send my apologies to Miles for chastising him about options. Probably won’t remember. One of the few CEOs that has actually earned them!

[hastings] 30/4/2024 08:43

I have an early morning call with management tomorrow, so will endeavour to get a write up out for interest following that.

[rimau1] 26/4/2024 08:16

I am expecting a bullish outlook next week, order book and pipeline should be bulging.

[3800] 25/4/2024 20:39

thanks for that rimau1 I have held since 2020 and the current price is still below my average buy price however the world is now looking a more dangerous place.
3800

[rimau1] 25/4/2024 19:54

85 percent defence. Margin breakdown by division is not disclosed but given its so heavily weighted its not really necessary. 50percent gross margin with risk to the upside this year since component costs are falling and supply chains normalise.

[3800] 25/4/2024 19:18

does any one know how much of their turnover is defence related and the profit margins on that compared to the the opther work they do?

[simon gordon] 25/4/2024 18:52

Cheers, Hastings!!

If you get a chance could you ask Miles about the new Principal Hardware Engineer, Rachael Peterson, and how the R&D team are developing relative to the competition? What is their edge?

Rachael Peterson

[hastings] 25/4/2024 18:20

Pleased to say that I've got a call lined up with the CEO first thing on results day. Will add a write up for interest following that.

[earwacks] 24/4/2024 07:27

Extended contract with US defence company. Presentation and results early May. All looking very good

[simon gordon] 13/4/2024 12:49

Two new positions:

Head of Product Marketing, USA

Bob Knoebel




Product Marketing Manager, UK

Nino Addamo




Both look quality!

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Wonder if we'll get a Notice of Results RNS this coming week.