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| 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
|
|
|---|---|---|---|---|---|
| 4.50 | 4.17% | 112.50 | 1,072,261 | 15:15:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 111.00 | 114.00 | 112.50 | 108.00 | 108.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Printed Circuit Boards | 31.66M | 3.87M | 0.0452 | 24.89 | 92.49M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:44:38 | O | 27,500 | 111.2594 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 30/9/2024 | 07:00 | UK RNS | Concurrent Technologies PLC Systems design win with blue chip US customer |
| 26/9/2024 | 15:17 | UK RNS | Concurrent Technologies PLC Issue of Share Options and PDMR Dealing |
| 20/9/2024 | 07:00 | UK RNS | Concurrent Technologies PLC Launch of new website and update to branding |
| 13/9/2024 | 10:34 | UK RNS | Concurrent Technologies PLC Exercise of Share Options and Total Voting.. |
| 02/9/2024 | 07:00 | UK RNS | Concurrent Technologies PLC Interim Results |
| 08/8/2024 | 07:00 | UK RNS | Concurrent Technologies PLC Contract Expansion with Major US Contractor |
| 29/7/2024 | 12:01 | ALNC |  IN BRIEF: Concurrent Technologies launches new Plug In Card |
| 29/7/2024 | 07:00 | UK RNS | Concurrent Technologies PLC New Product Announcement |
| 25/7/2024 | 07:00 | UK RNS | Concurrent Technologies PLC Notice of Results and Investor Presentation |
| 15/7/2024 | 17:51 | ALNC | TRADING UPDATES: Concurrent's "record" half-year; EnSilica deal win |
Concurrent Technologies (CNC) Share Charts1 Year Concurrent Technologies Chart |
|
1 Month Concurrent Technologies Chart |
Intraday Concurrent Technologies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/10/2024 | 17:01 | Concurrent Technologies - Major growth 2006 | 1,416 |
| 13/3/2006 | 08:46 | The Concurrent Technologies Thread | 538 |
| 11/3/2006 | 07:51 | Concurrent charts and news 2005 | 21 |
| 05/10/2002 | 09:34 | Concurrent technologies Check Out This Stock | 8 |
| 03/11/2001 | 10:21 | concurrent looks undervalued, or is it just me? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-10-11 15:44:40 | 111.26 | 27,500 | 30,596.34 | O |
| 2024-10-11 15:26:18 | 111.20 | 7,500 | 8,340.00 | O |
| 2024-10-11 15:25:02 | 111.20 | 22,460 | 24,975.52 | O |
| 2024-10-11 15:18:46 | 112.50 | 3,648 | 4,104.00 | O |
| 2024-10-11 14:52:42 | 112.00 | 17,857 | 19,999.84 | O |
| Top Posts |
|---|
Posted at 11/10/2024 09:20 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 108p.Concurrent Technologies currently has 85,637,714 shares in issue. The market capitalisation of Concurrent Technologies is £96,342,428. Concurrent Technologies has a price to earnings ratio (PE ratio) of 24.89. This morning CNC shares opened at 108p |
Posted at 09/10/2024 16:40 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&rs 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 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. |
Posted at 01/10/2024 12:10 by philly cheesesteak Nice chart. The increase in volume is notable over the last 4 quarters.I find looking back 10 years provides so much context about where a business currently stands. Looking at the closing share price over the last 43 quarters, adding in issued share cap & then annual revenue reported for the calendar year, we can get a guide on where historic price to sales ratios have been. I think P/S is useful here because the business is fundamentally the same and the margin profile has remained very similar over time. The average P/S over the last 10 years has been 2.84x The P/S ratio has closed a quarter over 3x in 17/43 Q's and below 2 in 4 Q's The high was 4x in Q2 2020 and the low 1.6x in Q2 2023. Assuming £36m annual turnover for 2024, we closed the current quarter at 2.7x, slightly below the long term average, but well above the 2.1x at the start of the year. Based on forecasts in the market over the next 3 years (£40m, £47m & £55m) and assuming no dilution, if shares traded at their historic average P/S then they would reach 133p in 2025, 157p in 2026 and 183p in 2027. I think this provides a helpful 'baseline', however I also think it illustrates the opportunity. This is a business which is now in a completely different place to pre 2020 & far more ambitious. If it keeps beating conservative forecasts, I suspect the P/S ratio will expand. At 3.5x in 2027 on turnover of £60m shares would sit at £2.46. Of course, we know Miles seeks acquisitive growth too, and that £100m turnover would be a 'meaningful waypoint', so there are lots of unknowns between now and 2027. However, I'd say there is a very decent margin of safety and plenty of upside. As I have done, please do your own research / no investment advice :) |
Posted at 26/9/2024 18:59 by mercury123 Anyone know why theres a drop inthe share price? |
Posted at 06/9/2024 17:16 by philly cheesesteak He just seems like such a fantastically well rounded professional. You have to believe he is 3 years into a 10 year project with CNC, given the progress so far & the design wins that are locked in for 2026-27 onwards, you wonder where this company could get to by the end of the decade.If they keep winning 10+ major design selections per annum & 80% of them come to fruition, then by 2030 they would have be supplying product into over 50 major design programs. Re. fund managers, I've watched a lot of the Paul Hill Vox Markets interviews, they are great for picking up little snippets that you wouldn't learn elsewhere. Not one has discussed CNC. I take this is an extremely bullish sign. |
Posted at 02/9/2024 21:07 by simon gordon Good explanation of why innovation and surprise are vital ingredients to raise a stock price. Starts at the 25-minute mark:The Compound - 29/7/24 "Surprise" is the Most Powerful Force in the Stock Market Miles is now building a track record of surprising the market and the Systems division hasn't even got going yet. I hope the BoD stays stingy with the dividend and focuses on innovation, growth and the share price. |
Posted at 02/9/2024 07:21 by philly cheesesteak Yes, really good to see both gross margins & operating margins growing strongly, the future looks extremely bright here."Gross profit is strong at £8.5m and gross margin continues to improve, with an additional 1.4 points (to 50.8%) from the 2023 results. We continue to drive hard on strengthening gross margin through our design teams and procurement. PBT has more than doubled against the prior year position. Despite costs increasing, the record revenue and gross margin is coming through strongly (the output of the growing investment made in costs), resulting in a 13.6% PBT margin, moving us towards historical levels of margin performance, in line with our strategy of profitable growth." In my view the below alone justifies a share price substantially above the 2020 all time highs that we currently sit at; "Secured eight major design wins across US, UK, Europe and Asia Pacific in the period, which is equal to amount won in the whole of FY23, creating a long-term expectation of substantive growth. Since the change in management and the resulting new strategy, 16 major design wins have been delivered in total at the end of H1 2024." |
Posted at 29/7/2024 10:48 by philly cheesesteak What is also interesting is how the description of the company is evolving in RNS releases.Historically it was; "Concurrent Technologies PLC (AIM: CNC), a world leading specialist in high-end embedded computer products for critical applications" In 2023 it evolved into "Concurrent Technologies Plc (AIM: CNC), a world-leading specialist in the design and manufacture of high-end embedded computer systems and boards for critical applications" Now they state; "Concurrent Technologies PLC (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs" It's a very material broadening of scope and illustrates an organisation which is in in a state rapid transformation. |
Posted at 22/6/2024 10:12 by simon gordon 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. |
Posted at 04/5/2024 09:01 by hastings A few further aspects of the business worth recapping and focusing on.The total available market space has shifted considerably from the $86bn in 2020 to a forecast $226bn by the end of next year. Obviously, CNC remains a small player in the vast space, but it provides for a glimpse of the huge growth potential, so plenty to aim for. Within that, design wins can really propel the business as evidenced by a US defence airborne mission computer win, where the typical lifetime (5-8 years) value can be $30m plus with increased margins over time. Having successfully secured 8 major design wins the majority of which are in the US and where the collective lifetime value is a minimum of $130m, then continued traction should support the current premium rating or lead to upgrades in my view. Securing its first ever process instrumentation and control systems win, there should be more to follow given that the global market there is worth an estimated $223bn and where despite being served by the major blue chip players, provides for significant opportunities for the likes of CNC. Headcount at the company has increased by 18% over the last year which sees the boards division able to support annual revenue of £40m, which is likely to scale further northwards, given the market spend and CNC's ambitious growth plans. There aren’t too many opportunities out there that provide for such strong organic growth opportunities, so there is no reliance on further acquisitions which will only come at the right time and price. Looking at the Philips purchase it could prove to be a steal, particularly as there have been no issues that often accompany such a buy and it has been good to hear that everything progressed well and continues to do so. Importantly, from a strategic aspect, the US defence market is a seriously hard nut for outsiders to crack, so given that CNC was already an accepted and established player, the Philips buy should only serve to further enhance the opportunities and scale going forward. Clearly exciting times here and no doubt there will be further news flow as the year progresses. |
Posted at 06/6/2022 19:28 by vprt If the CNC share price in the last couple of weeks carries the imprint of any person, it will be that of Lord Lee who (1) has been buying, using part of his Air Partner gains (2) highlighted it at the Mello event on 25 May, and (3) wrote about it in his FT column. (I did not see him upside down, though). |
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