Concurrent Technologies Share Discussion Threads

[the knowing] 01/3/2004 14:03

Thenry on my moni

[the knowing] 01/3/2004 14:03

Thenry on my moni

[tomgiles] 01/3/2004 13:42

only offering 5,000 at 21.5p,anything above is at a premium

[gorwel] 01/3/2004 12:42

WHAT IS CNC'S WEBSITE ADDRESS?

I see from last Octobers announcement about profits not reaching expecations that this would not affect dividend policy. Final was .35p and last interims .25p. Looks like this final could be at least .4p. Not bad.
Any idea what profits we can expect?

[jailbird] 01/3/2004 09:05

Well guys on the move today....slowly but surely.

[jailbird] 01/3/2004 07:41

Yep..had ASR..sold at 5.5p. Should have bought back at 4.75p

[browndavid] 01/3/2004 01:12

Wish the results were a week sooner! Getting awfully twitchy about another holding - ASR (worth taking a serious look at), and would sell a sizeable chunk of my CNC at 28p+ to add to ASR. But I'm afraid ASR will rocket before the CNC results. Still, either way, March looks set to be a really good month.

[jailbird] 29/2/2004 08:37

Looked at the website www.cct.co.uk, and noticed 3 more more product releases
in Jan/Feb.

[adejuk] 27/2/2004 21:20

I've been in and out of this for over a year and made money every time. now is the time to buy and hold. good results and a divi. what was that? a divi? aint seen one of those since 1989.
this will rise to 32 p after results and after that with the war on terror and tony blair as governor of england? the sky [murdoch that is] is the limit. BUY!!!

[jailbird] 27/2/2004 17:01

Onehanded..e-mail me at [e-mail] and tell me more.
I will buy more next week too. I'm long on this one.

[onehanded] 27/2/2004 16:58

Keep this husssh. I bought over the last week, results are going to be on the upside. Good 30% upside on this. Finnished buying today. Results will do the talking.

[jailbird] 27/2/2004 16:49

This well this found support on more than one accasion around the 19p level.
Bought in at the end again. Hope it pays off.

If they stay in profit which is expected them as Divi has been left unchanged after last update then we may see 30p again.

Forward outlook should be Very good. Hope the Dollar picks up too then figures
will be even better the coming year.

Top company and no debt. Shares tightly held. Directors also bought after last update, so plenty of positives.

In T+10 range now, maybe interesting next week.

Good weekend all.

[dealit] 27/2/2004 06:14

browndavid thanks for the post.

Feel much the same as yourself about CNC. I bought in at a bid price of 20p after my research gave me no negative vibes and I felt that the price was just waiting for some positive news.

I have been increasing the IT part of my portfolio of late with some very positive results, I feel that the IT sector is on a strong growth curve after the boom and bust of 2/3 year ago. Institutions are looking for IT companies that have weathered the storm and come out stronger i.e. Patsystem, XP Power, Tikit IMHO have the same sort of feel to them as CNC.

Cheers dealit.

[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.