Concurrent Technologies Share Discussion Threads

[simon gordon] 10/7/2024 10:21

Interesting take on Trump's tariffs - starts 27.45:

The Prof G Show - 8/7/24

This week on Prof G Markets, Josh Brown, co-founder and CEO of Ritholtz Wealth Management, fills in for Scott to talk about how the markets reacted to the Presidential debate. Then Josh and Ed discuss how Trump and Biden presidencies could impact investors and Josh breaks down why he isn’t concerned about Trump’s potential tariffs on China.

[earwacks] 10/7/2024 09:52

If we are back to the old schedule interims will be in September. Last year every thing was a bit out of kilter with delayed results and placing etc.

[simon gordon] 10/7/2024 09:30

Hopefully, an H1 trading update will be RNS'd in the next week or two.

[simon gordon] 08/7/2024 17:17

SOLI's systems division has been on fire and plans to expand capacity...

Cavendish - 8/7/24

Systems division posted a fantastic result with revenues up 80% to £103.5m, operating profits of £20.3m, up 154% and margins rising from 13.9% to 19.7%

Defence and security have remained a very strong market, contributing £72.5m up from £24m in FY23, this represents 44% to group revenue in the period. If you exclude the large NATO contract, which was 20% of revenue, this proportion remains a robust 24% reflecting ongoing geopolitical tensions.

Systems division (63% of sales)

The division posted a fantastic performance. Revenue grew by 79.9% to £103.5m, with a 154.5% increase in EBITA to £20.3m, with margins improving from 8.3% to 19.7%. The division incorporates the activities of Steatite, Custom Power and Active Silicon.

The growth has benefited from the first full-year contribution of Custom Power as well robust defence & security demand, including the large NATO order. This order related to communications products and was delivered earlier than expected. The communications products were shipped to the customer as soon as they were available, to assist in operational needs.

This contract serves as a good illustration of the strong customer relationships and the group’s ability to deliver significant orders when needed. This year’s performance provides a strong base to offer expanded integrated systems capabilities to a range of defence prime contractors, manifesting itself in the groups new facility in Tewkesbury, with an anchor customer providing strong indications of future business, which would then result in additional customers being gained. The Integrated Systems facility will incorporate additional engineering capabilities and project management team for more complex systems.

New facilities

The group has previously commented that it intends to invest in a new Integrated Systems facility that offers greater scale and technical capability to large prime contractors and OEMs that will provide a further leg to growth opportunities in the medium term.

The new facility is expected to be in Tewkesbury, with a lease on a new 16,000sqft facility expected to be signed very soon. This will start an 18-month to 2-year programme to become operational, with a phased kit out of the facility that is expected to cost £1.0-1.5m in additional capex over the next couple of years, with opex and manpower costs expected to progressively increase in advance of securing contracts. It starts this programme with an anchor customer, with further prime
contractors then targeted.

In addition to the Integrated Systems facility, in FY25 the group will be investing in improving its sales channels for its own brand products (Durakool, Antenna and Optical).

[earwacks] 08/7/2024 15:18

Very encouraging buying today. Dare I say we are soaring away to higher highs on thermal inclines of warmer brighter solar expansions

[t-raider] 08/7/2024 14:48

Not complaining, but hard to fathom the trades and share price movement right now. Maybe it'll all become clearer in a holdings announcement or such like. Onwards and upwards nevertheless !

[earwacks] 04/7/2024 21:11

Quite a lot of this late after noon share shuffling going on in a few of my holdings. Must be broker to broker deals. I’ve dragged th ex rest of my nominee holding into my ISA, not that that will have rocked the market. Think we will need every tax shelter possible from tomorrow. When do we get the extra 5000 for holding British stock? Most of mine is anyway.

[thebd11] 04/7/2024 18:52

Some major volumes today- Chunky prints too.

[badtime] 04/7/2024 18:22

I was thinking more of a parrot

[deanowls] 04/7/2024 09:30

It’s like you’re a poet

[halfpenny] 03/7/2024 18:44

RNS soon get ready..

Expect BREAKOUT
Simply Transformative as Deals flow.

Higher Highs expected as Chartist agree

Bright Future as Deals flow..

[earwacks] 01/7/2024 21:01

Miton slice holding by .28 of a percentage point.

[earwacks] 01/7/2024 11:47

Cheers Simon
Duly noted
Vlad Pootles

[simon gordon] 01/7/2024 11:21

FT - 1/7/24

UK military unprepared for ‘conflict of any scale’, warns ex-defence official

The UK armed forces “cannot defend the British homelands properly” and are unprepared for “conflict of any scale”, according to the senior defence official who was charged with gauging Britain’s military strength.

Rob Johnson — who recently stood down as director of the Ministry of Defence’s office of net assessment and challenge — said the UK military was operating with a “bare minimum” that only just allowed it to mount peacekeeping and humanitarian relief operations, civilian evacuation from warzones, and some anti-sabotage activities.

“In any larger-scale operation, we would run out of ammunition rapidly .̴1;. . Our defences are too thin, and we are not prepared to fight and win an armed conflict of any scale,” Johnson told the Financial Times. “The UK has reached a situation where it cannot defend the British homelands properly.”

His comments come as both the Conservatives and Labour are under pressure to demonstrate their commitment to defence ahead of the July 4 general election, weighing the demands of rising global threats against straitened public finances.
Johnson said British air defences were “insufficient” to stop long-range missile strikes, the Royal Navy lacked enough ships to patrol the north Atlantic to monitor and deter Russian submarine activity, and the Royal Air Force needed almost twice as many fighter jets as it has now....

...Johnson, a respected academic who previously headed Oxford university’s Changing Character of War Centre, led the MoD’s assessment office since its creation in 2022 for a full two-year term that ended in May.

His unit — based on a similar office in the US Department of Defense that has been in operation for over 50 years — was set up as a sounding board for military chiefs to help prevent “groupthink221;.

Johnson said he did not want to be alarmist but simply realistic about the scenarios that his department had war-gamed. He said he decided to issue a public warning because he was “deeply worried” about the extra investment the British military needed, particularly to counter the threat from Russia.

“The government is not taking the public into its confidence about the scale of the threat because it knows it’s not ready,” Johnson said. There was no security risk in being honest because “the Russians already know this anyway”, he added.

His bleak prognosis adds to a chorus of recent warnings by current or recently retired senior UK defence officials, who have said that Britain’s military needs to modernise given the wars in Ukraine and the Middle East, and the potential for conflict in the Indo-Pacific...

...Johnson said the RAF should be prioritised and equipped with 265 combat aircraft, compared to the 137 Typhoon and the less than three dozen F-35 fighter jets it has now.

Next in line, the Royal Navy needed 25 modern warships, he said — compared to its current two aircraft carriers, six destroyers and 11 frigates. The army should, meanwhile, be expanded to 125,000 highly connected troops, from its current 72,500-strong force, and equipped with “masses of long-range artillery and long-range fires” including drones....

[halfpenny] 22/6/2024 12:46

BREAKOUT
Simply Transformative as Deals flow.

Higher Highs expected as Chartist agree

Bright Future as Deals flow..

[simon gordon] 22/6/2024 09:12

Share price could be held back if Diverse Income Trust is getting totally out:

-20/12/23: 4,390,747

-21/06/24: 3,358,461

Probably getting out as CNC is now a growth stock, not an income stock.

[philly cheesesteak] 21/6/2024 18:56

That is a superb interview, thank you for conducting and sharing it!

Having also listened to the recent investor meet company presentation + the first one Miles did back in May 2022, it's brilliant to see how well they are executing so far.

It's hard not to get excited when thinking about where this could potentially end up. The layering from a conservative £100m of design wins in FY23 + the fact they are pitching for a lot more this year (and won a $40m+ deal yesterday), is highly unusual for a £90m market cap.

I'd bet that the vast majority of potential investors still view CNC through the lens of old, when by most accounts it was a lifestyle business. Now it's being run in a 'progressive' manner it's a completely different beast.

Add in the desire for inorganic growth, but only if the fit is right / it's value accretive, and I agree that I think CNC can reach the 250 in the medium term if they continue in the current vein.

A genuine AIM growth story ahead and I'm delighted to be in for the long haul.

[simon gordon] 21/6/2024 16:24

Hi Mark,

Thanks for sharing that. Very interesting to understand more deeply what is transpiring in America and the potential shape of the next acquisition.

I love his no-nonsense attitude, he is a true professional.

[cfro] 21/6/2024 14:41

And i have just finished listening to it and very good it is too. Well done!

[simon gordon] 20/6/2024 19:35

If it can get past 120p it would be clear blue sky with a technical target of c.180p.

Quarterly chart - 14 years:


free stock charts from uk.advfn.com

[tom111] 20/6/2024 07:05

1.08 to buy

[misterd1] 20/6/2024 06:48

Wow - a 7 to 10 year contract

Well done CNC