Concurrent Technologies Share Discussion Threads

[browndavid] 27/2/2004 02:17

Thought I would post this excerpt from the interim report, as a reminder of 'where we are at' with CNC:

"The outlook for our business continues to improve and consequently your Board
has resolved to pay an interim dividend of 0.25 pence per share. The cost of
this dividend to the company will be #181,750. The ex dividend date for the
interim dividend is 24 September 2003, the record date is 26 September and
payment will be made on 24 October 2003. The Board's current intention is to pay
a final dividend in April 2004

Outlook

We believe that the long awaited recovery in the market for embedded computers
is now occurring. The recovery is most evident in the U.S.A. which we expect to
be the most significant market for our products in the second 6 months of this
year and into the foreseeable future. We expect U.S. defence applications to
make a significant contribution to our sales in the next twelve months even
though we anticipate a strong recovery in our telecommunications business
following the earlier downturn in this sector. There is clear evidence of a
requirement for computer systems to handle large increases in demand for basic
telecommunications in developing countries as well as more sophisticated 3G
telecommunications products in developed countries.

The systems which supply the enhanced functionality provided by new generations
of telecoms systems need embedded computers such as ours to relay the large
quantities of data required to transmit voice, text and pictures. Computers such
as ours are also needed to monitor network traffic, to overlay video and to test
the quality of voice calls and the functionality of the telecoms systems
themselves."

We have been told that the results will be below market expectations due to delays to receipt of sales caused by change in a component. This in the long run will have no real impact on Military sales, merely that some revenues due in second half year will instead come in next financial year. We are also told that the policy to declare a full year dividend is unaffected, so presumably it will be a little lower than the rule-of-thumb 2x interim we might have anticipated - so maybe similar to or a little less than 0.25p. The potential hot news, I hope, will be acceleration of the telecommunications applications. There is a potentially huge global market here. The closer link-up with Intel may be beginning to bear fruit. Fingers crossed for some positive news on these fronts.

Alas I started to buy these on interim results day - 8th Sept - at 33p, and then chased them down, so am averaged now at 24.6p. I too am expecting to see 30p reached soon after the results - the drift down by 35% on what was a very temporary setback has been much overdone, and there has been no anticipatory rise yet, unlike that seen before the interims. My feeling: the expectations are pessimistic, therefore anything good will bring about a significant rise.

[dealit] 26/2/2004 18:57

browndavid Sadly no, thought they would go back to arround 115p.
Results getting close now, feel that they will hold arround 120p. If results are ok I am looking at 130p shortly after, fingers crossed.

[browndavid] 26/2/2004 18:38

Better day today - the share price has hit the resistance level and a good bounce back up. And a rise of 8% on only 54000 shares traded bodes very well for a big rise on the likely volume after the results. Dealit - hope you managed those extra shares before today's rise.

[dealit] 20/2/2004 20:49

I bought in this stock last friday.

As I always do only bought half the ammount I intend to hold long term in case of a drop in price works for myself more often than not I will be in again shortly.

52 week high of 32p, 10p low, they seemed about right after a positive trading statement last year and directors buying at arround 25p.

I have been reading articles about fund managers looiking at IT as the place to be with the blue chip markets recovery of 40% starting to slow down.

Also bought Patsystems and Tikit this year and have done well, researching BATM Advanced Communications as a buy.

All the above IMHO

[browndavid] 20/2/2004 19:42

What are the MMs playing at? Looking back over the 3 days trades 18th-20th, there have been just one purchase (mine) of 16400, and sales of 62100, difference just 45700, which at an average bid price of 19p are worth £8683. That figure has resulted in a fall from 20/22p (21p midprice) to 18/20 (19p midprice), amounting to 9.5% of the value of a company with a market cap of about £14m, in other words a loss in value of £1,300,000. Hindsight is a great thing, but not half wishing I had sat on my hands a bit longer and not bought yesterday!!!

[tomgiles] 20/2/2004 16:23

MM v interesting,thanks for the info.

[browndavid] 20/2/2004 16:13

tomgiles - I should seriously expect so! How many small-cap tech stocks give a dividend? The main reason this has drifted down is because of change in specification of a component part, and this change in specification means that the orders for military use have to go through beaurocratic approval and be cleared (see my posting 117 for more on this). It is a little odd that the 'trading update' RNS of 21st October should have been followed on 24th and 27th October by announcements of director share buying at 25p and at 26.5p, surely a sign that there was nothing serious about that RNS (I'm not suggesting that the RNS was deliberately published to drop the price for the director buys, but...). The price prior to the 'trading update' was 29p midprice, which still seems fair, on the assumption that further small orders will offset the small decline in the US$ which will affect a proportion of profits (notably the military profits, military contracts being around 35-40% of company turnover).

Personally I am looking to see a recovery to 28-32p. I own just short of 40K at an average of 24.2p.

[tomgiles] 20/2/2004 13:32

How good are results expected to be.Is 25p+ on the cards?

[jailbird] 20/2/2004 10:44

I may have bought too early. But reading the last update. Can we expect to company will still make a profit just lower than first expected coz of the component delay. I say that coz the Dividend is not affected which means the figures will still show profits. If this is the case I think I will be ready yo add very soon if this drops any further. Just watching for now.

[browndavid] 19/2/2004 12:22

Hi, Jailbird. Sod seems to be against me - I've been waiting cash in hand to buy my extra shares for a couple of weeks or more, decided there might be a few T-20 potential buyers out there, and 10th March minus 20 is about today. So what happens - the price drops within an hour of my purchase! Must be a t-20 shorter (alias Loser!). Still nothing showing on the board, which seems odd, I bought online with no bother. Must admit, the possibility of t-20 shorters didn't cross my mind.

[jailbird] 19/2/2004 11:05

I'm with u here brown..

I agree with your views...hope the drop in dollar is made up of further sales and news of the component delay is sorted.Looks to be as per above.

[browndavid] 19/2/2004 11:02

Isn't it quiet on here! There has been hardly any trade all Feb despite interims due on 10th March. Have added another 16.4K this morning @ 21.5p, and am mystified as to why this is seemingly ignored. I suppose would-be punters are in 2 minds as to whether there will be a last-minute selling spree before results (on basis of a misinterpreted would-be 'profit warning' earlier) or a run-up on basis that all is OK and the continuing struggle in Iraq has further helped military sales/orders. My money is on the latter, and I am hoping to see us back to 30p after the results.

[jailbird] 12/2/2004 08:32

Replacement is already released..according this info taken from their website.

www.cct.co.uk..multibus under products



PLEASE NOTE

Unfortunately due to component obsolescence the CP PSE/P2x, CP PSE/P3x &
CP EPP/P2x are being discontinued.
Last order date for these boards are the 18th of December 2002
Last shipment dates for these boards is December 2004
We will be releasing a new Multibus II board the CP PSE/30x in January 2004. This board is designed to be a form, fit and functional replacement for the CP PSE/P2x and CP PSE/P3x boards. Please contact your local sales office for details.



--------------------------------------------------------------------------------

[dealit] 12/2/2004 06:54

Cheers Yags, just checked the date on the web site my search found and it was dated Jan 02.

I am at present researching Concurrent Tech with regard to buying at arround 21p.

The trading statement dated 21st Oct 03, stated that the upgrade replacement product for there single board computers would be ready by the end of 03. Can you tell me did they achieve this as this would put them back on target with regard to Company profit and keeping the dividend payment.

Many thanks dealit.

[yags] 11/2/2004 23:34

I think that Omnibyte aquisition was completed a couple of years ago. Check out RNS's in 2002 or earlier.

[dealit] 11/2/2004 23:19

Can anyone tell me why this was not reported on the RNS:-

Concurrent Technologies has acquired US-based Omnibyte Corp.

[shortermer1] 09/2/2004 15:55

From being 0.25p down, it is now 0.5p up.

Maybe the pre results run has started??

ST.

[browndavid] 06/2/2004 15:53

RNS Number:0742V
Concurrent Technologies PLC
05 February 2004



Concurrent Technologies Plc

Preliminary Results Announcement Date


Concurrent Technologies Plc will be announcing preliminary results for the year
to 31 December 2003 on Wednesday 10th March 2004. There will be a presentation
to analysts at 10.30am at College Hill's offices, 78 Cannon Street, London, EC4N
6HH.

5 February 2004


ENQUIRIES:

College Hill Tel: [phone]
Nicholas Nelson/ Rebecca Taylor

[browndavid] 04/2/2004 11:28

isabellag - extremely volatile to small volume. There has been very little volume, often nothing at all for several days together. When we do eventually get news (likely early March results, as in Addict posting - which will include a dividend, promised at last results and confirmed on trading statement) this could spike well over 30p at the opening.

[tomgiles] 02/2/2004 17:12

Up on an X trade?

[isabellag] 02/2/2004 14:36

I notice that this stock has started a recovery over the last two weeks. Was approx 18 pence 20th January - now around 21/22 pence today. Thats approx 20% in two weeks. I know that this stock was at 30 pence around September last year and 2/3 years ago was up in the 50 pence area.
Anyone any information as to why this stock appears to be on the move?
Regards
Isabellag

[tomgiles] 28/1/2004 22:03

Cheers

Will pop back in a few weeks

[addict] 28/1/2004 10:48

tomgiles,
Results expected early March.Short term hiccup as per recent trading statement but generally positive outlook.Strong balance sheet and a tech stock on the dividend list!DYOR.

[tomgiles] 27/1/2004 13:12

addict when are results due and are these expected to be good,bad or indifferent?

[addict] 26/1/2004 11:01

Interesting uplift in share price ahead of results.Maybe market's got wind of something.Interesting that there was director buying at around 26p per share after the trading statement issued some time ago.