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CNC Concurrent Technologies Plc

184.00
2.00 (1.10%)
Last Updated: 11:11:37
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Concurrent Technologies Plc LSE:CNC London Ordinary Share GB0002183191 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 1.10% 184.00 84,510 11:11:37
Bid Price Offer Price High Price Low Price Open Price
183.00 185.00 184.00 182.00 182.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Printed Circuit Boards 31.66M 3.87M 0.0452 40.60 155.86M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:55:04 O 400 185.00 GBX

Concurrent Technologies (CNC) Latest News

Concurrent Technologies (CNC) Discussions and Chat

Concurrent Technologies Forums and Chat

Date Time Title Posts
27/1/202508:39Concurrent Technologies - Major growth 20061,593
13/3/200608:46The Concurrent Technologies Thread538
11/3/200607:51Concurrent charts and news 200521
05/10/200208:34Concurrent technologies Check Out This Stock8
03/11/200110:21concurrent looks undervalued, or is it just me?-

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Concurrent Technologies (CNC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:55:05185.00400740.00O
11:49:48183.662,1814,005.52O
11:39:44183.528,25015,140.40O
11:27:01184.982,5004,624.50O
11:12:32184.982,0003,699.60O

Concurrent Technologies (CNC) Top Chat Posts

Top Posts
Posted at 28/1/2025 08:20 by Concurrent Technologies Daily Update
Concurrent Technologies Plc is listed in the Printed Circuit Boards sector of the London Stock Exchange with ticker CNC. The last closing price for Concurrent Technologies was 182p.
Concurrent Technologies currently has 85,637,714 shares in issue. The market capitalisation of Concurrent Technologies is £157,145,205.
Concurrent Technologies has a price to earnings ratio (PE ratio) of 40.60.
This morning CNC shares opened at 182p
Posted at 25/1/2025 09:00 by simon gordon
Directors Talk - 24/1/25:

Concurrent Technologies plc share price expected to continue outperformance says fund manager (LON:CNC)

Concurrent Technologies plc (LON:CNC) was discussed by Gervais Williams, Co-Fund Manager of Diverse Income Trust plc (LON:DIVI) in an exclusive interview with DirectorsTalk.

DirectorsTalk:

Another company that we noticed reporting a record year in their trading update a few days ago is Concurrent Technologies. It’s seen strong share price growth through 2024 but what stood out for you? Can they continue their growth story?

Gervais Williams commented:

This is principally a defence company, it does have other sales, but it’s principally defence, and as we know, most governments, unfortunately, are going to be increasing defence expenses going forward.

They’ve got a very strong sales channel through the US in particular, but into Europe and other places. What we’ve seen really is actually some of their ongoing contracts have been extended, they’ve got new contracts, and a lot of these contracts are quite long term. We’ve seen revenue growth running at about 25%, according to their trading statement.

Again, this is an interesting market cap, because as you go through £100 million market cap, as you go through £150 million, £200 million market cap, you tend to bring in new investors. That allows the actual share price not just to form, but actually the valuation to start performing.

So, this is a company around £140 million market cap in a sector, which we think is going to be pretty attractive for new investors, and so again, we can see the share price hopefully kicking on and not just outperforming last year but continuing to outperform going forward.
Posted at 16/1/2025 16:34 by fleuryp
Many thanks Hastings hope you and yours in good health. Don’t share deal anymore just left with CNC and a couple of others in the SIPP. Was hopeful of 190s for CNC and nothing today changed.

Good luck Thanks and keep well.
Posted at 16/1/2025 09:30 by 74tom
Yep, this is a significantly lower risk stock than FTC which currently has forecasts for a large revenue decline next year. I expect sentiment to be choppy this year though given Trump's tariff agenda, so have taken some profit this morning and will look to add back when market makers start to work the share price down in a week or so.

M&A is still the major intrigue here, timing and scale remain unknowns, as does the method of funding any deal. Ideally something like CHRT did a few months back. In the meantime, well done Miles & team.
Posted at 16/1/2025 09:23 by nchanning
I would say the growth here is considerably less risky than at Filtronic who have an enormous dependency on one customer Space X may well place many more orders with Filtronic but if they ever decide to change supplier the share price might be down 75% in a day .
Posted at 25/11/2024 15:25 by philly cheesesteak
It's in a classic price discovery phase after the break out from the previous all time high. I'd bet that the vast majority of LSE investors were unaware of the transformation here, and you can do all of the shouting in the world, but the one thing which will always attract new investors is a rising share price.

Look out to 2027 and ask yourself how much growth they will achieve when the 16 major designs wins that we currently know about start to kick in. Then add in future wins & upside from the systems business + potential accretive M&A.

15p EPS would require £85m top line revenue & 20% PBT margins, I don't think they will be a million miles away from that by the time the FY27 numbers are reported & who knows, they may have exceeded those numbers by then!
Posted at 20/11/2024 21:12 by simon gordon
FT - 20/11/24

Asian arms makers lead defence stock rally in bet on global rearmament

Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks this year as investors bet that the region’s companies are primed to lead a rearmament boom.

Triple-digit share price increases for big arms companies listed in South Korea and Japan have pushed them into the top 20 gainers on the MSCI All-Country World index for 2024, as defence-related stocks have gone on the march globally from Norway to Brazil this year.

The share moves underline a darkening in the global security order. US allies in Europe and Asia are bracing for Donald Trump’s second presidency to push them to pay more for their own defence. Threats from Russia and China have already forced a reversal in decades of cuts to arms budgets.

Shares in Hanwha Aerospace, South Korea’s largest defence group, have tripled this year to a market value of nearly Won18tn (close to $13bn), leaving them in dollar terms just behind Nvidia among the MSCI All-Country World’s biggest gainers.

Continued....
Posted at 14/11/2024 17:54 by simon gordon
Stephen Newton at ELIX exemplifies the qualities of an "intelligent fanatic." He listed ELIX in 2020 at 217p per share, which has since surged to 760p, with a clear vision of transforming ELIX into a billion-pound company.

When Miles joined, the share price hovered around 92p. While it hasn’t seen significant movement since his arrival, we seem to be on the cusp of an exponential growth phase. A chart trajectory akin to the Curtis-Wright curve would be poetic.

These visionary leaders share their aspirations openly, inviting others to judge them by their progress toward those goals. Since 2020 and 2021, Stephen and Miles have delivered on their promises, and now there’s hope that the CNC share price might start catching up to ELIX's impressive pace.
Posted at 13/11/2024 12:22 by philly cheesesteak
The 420k buy at £1.43 confirms that there is some significant institutional interest here, I'd guess they wanted to see evidence that the systems business was executing successfully before buying in? At £120m market cap CNC are still tiny vs the ambitions that Miles has, remember that he sees £100m revenue as a 'meaningful waypoint', at that level of turnover these prices will look like a speed bump.

If we are trading as far ahead of expectations as I hope / guesstimate then that 197p share price could be here a lot sooner than anticipated.
Posted at 13/11/2024 11:38 by simon gordon
Hopefully, CNC's share price will start to resemble the rocketing Curtis Wright share price of recent years.

Cavendish - 2/9/24

We compare the valuation of Concurrent Technologies to a group of broadly comparable companies, with the most comparable generally having a much larger market value. Despite the larger size of some the more direct comparable companies, none have the expected levels of growth of Concurrent Technologies. The main comparable companies, as shown in Figures 12 and 13, are AMETEK Inc, Mercury Systems Inc and Curtis Wright Corp., all in the US. Applying the average Yr2 EV/EBITA multiple to Concurrent Technologies, the implied share price is 197p, a potential 61.5% upside from the current 122p level.

At 197p, the FY25E P/E would be 30.9x, a 4.3% discount to the immediate peer group average P/E of AEMETEK, Mercury Systems and Curtis Wright. We feel this is justifiable given the scale of long-term revenue growth ahead, with increasing profit margins. We have taken a conservative approach to our forecasts in future years, particularly out as far as FY27E.
Posted at 09/10/2024 15:40 by simon gordon
One to keep an eye on.

Citywire - 4/10/24

Miton UK Microcap: Have we become too MINI?

The board of the £37m smaller companies trust run by Premier Miton's Gervais Williams and Martin Turner is to consult on its future after shareholders sell 40%

Miton UK Microcap (MINI), the £37m smaller companies trust run by veteran stock pickers Gervais Williams and Martin Turner, could be the next investment trust heading for a stock market exit after investors sold 40% of the shares in its annual redemption facility.

The latest exodus threatens to make the small nine-year-old listed fund more illiquid and less appealing to investors.

In a statement, the board said it ‘continues to believe that the company will be able to generate attractive returns for shareholders in the future.’

But it added: ‘In light of the level of redemption requests received, the board will engage with shareholders over the coming weeks with regards to the future direction of the company.’

With the shares at a 9% discount to net asset value despite the annual exit mechanism and an improved outlook for UK small caps, the board will likely face calls to wind down, sell its dwindling portfolio and return cash to shareholders. A merger could also be an option but may prove comparatively costly.

According to Refinitiv, its fourth biggest shareholder with a 5% stake is CG Asset Management, the manager of Capital Gearing Trust (CGT). Peter Spiller, its founder and chief investment officer, has previously urged the investment company sector to consolidate and weed out sub-scale funds that are not delivering good returns to shareholders.

Launched in 2015 in hopes of a revival in UK smaller companies after the recovery from the 2008 financial crisis, MINI has proved a big disappointment. By the end of August, it had lost its original shareholders 2.5%, massively underperforming the 70.8% return from the Deutsche Numis 1000 index and the 111% average return of UK smaller companies trusts, according to its fact sheet.

Like its closest competitors, the trust struggled in the past three years when investors shunned UK domestic stocks, with the smallest ‘micro-caps’ that the managers sought sold off irrespective of their business performance on fears of the impact of higher interest rates.

Over three years the shares have fallen 46% and in the past six months have been flat even as improving macro-economic conditions have seen the UK small-cap sector rally 16%.

Further details of the redemption, which closed on 1 October and will be activated on 5 November will be made in a further announcement, the company said.

The company invited private investors who want to express a view on MINI’s future to email mitonukmicrocap@ntrs.com.

Diverse Income (DIVI), the £215m UK equity income trust the managers also run, could face similar problems in future if it continues to shrink. In May investors sold nearly 26% of the shares in its annual redemption facility, reflecting the relatively wide discount and poor performance in the downturn of recent years.

Redemption facilities are considered good practice in investment companies. The theory is that by giving shareholders a regular chance to sell their holdings at close to net asset value (NAV), there should be no need for the share price to drift away from NAV. However, in prolonged depressed markets when investor demand evaporates, they risk a fund becoming unviable through repeated big share buybacks.
Concurrent Technologies share price data is direct from the London Stock Exchange

Concurrent Technologies Frequently Asked Questions (FAQ)

What is the current Concurrent Technologies share price?
The current share price of Concurrent Technologies is 184.00p
How many Concurrent Technologies shares are in issue?
Concurrent Technologies has 85,637,714 shares in issue
What is the market cap of Concurrent Technologies?
The market capitalisation of Concurrent Technologies is GBP 155.86M
What is the 1 year trading range for Concurrent Technologies share price?
Concurrent Technologies has traded in the range of 80.50p to 187.50p during the past year
What is the PE ratio of Concurrent Technologies?
The price to earnings ratio of Concurrent Technologies is 40.6
What is the cash to sales ratio of Concurrent Technologies?
The cash to sales ratio of Concurrent Technologies is 4.96
What is the reporting currency for Concurrent Technologies?
Concurrent Technologies reports financial results in GBP
What is the latest annual turnover for Concurrent Technologies?
The latest annual turnover of Concurrent Technologies is GBP 31.66M
What is the latest annual profit for Concurrent Technologies?
The latest annual profit of Concurrent Technologies is GBP 3.87M
What is the registered address of Concurrent Technologies?
The registered address for Concurrent Technologies is 4 GILBERD COURT, NEWCOMEN WAY, COLCHESTER, ESSEX, CO4 9WN
What is the Concurrent Technologies website address?
The website address for Concurrent Technologies is www.gocct.com
Which industry sector does Concurrent Technologies operate in?
Concurrent Technologies operates in the ELECTRONIC COMPUTERS sector

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