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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 136.50 | 40,479 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 136.00 | 137.00 | 136.50 | 136.50 | 136.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Printed Circuit Boards | 31.66M | 3.87M | 0.0452 | 30.20 | 116.9M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:07:25 | O | 1,000 | 136.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2024 | 07:00 | UK RNS | Concurrent Technologies PLC New Product Announcement |
| 12/11/2024 | 16:37 | ALNC |  Concurrent Tech says Systems unit inks USD3.7 million contract |
| 12/11/2024 | 07:00 | UK RNS | Concurrent Technologies PLC $3.72m Systems contract secured in Asia |
| 30/9/2024 | 06:00 | UK RNS | Concurrent Technologies PLC Systems design win with blue chip US customer |
| 26/9/2024 | 14:17 | UK RNS | Concurrent Technologies PLC Issue of Share Options and PDMR Dealing |
| 20/9/2024 | 06:00 | UK RNS | Concurrent Technologies PLC Launch of new website and update to branding |
| 13/9/2024 | 09:34 | UK RNS | Concurrent Technologies PLC Exercise of Share Options and Total Voting.. |
| 02/9/2024 | 06:00 | UK RNS | Concurrent Technologies PLC Interim Results |
| 08/8/2024 | 06:00 | UK RNS | Concurrent Technologies PLC Contract Expansion with Major US Contractor |
| 29/7/2024 | 11:01 | ALNC | IN BRIEF: Concurrent Technologies launches new Plug In Card |
Concurrent Technologies (CNC) Share Charts1 Year Concurrent Technologies Chart |
|
1 Month Concurrent Technologies Chart |
Intraday Concurrent Technologies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/12/2024 | 15:57 | Concurrent Technologies - Major growth 2006 | 1,510 |
| 13/3/2006 | 08:46 | The Concurrent Technologies Thread | 538 |
| 11/3/2006 | 07:51 | Concurrent charts and news 2005 | 21 |
| 05/10/2002 | 08:34 | 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 |
|---|---|---|---|---|
| 15:07:26 | 136.00 | 1,000 | 1,360.00 | O |
| 15:01:35 | 136.50 | 1,050 | 1,433.25 | O |
| 14:47:22 | 136.00 | 180 | 244.80 | O |
| 14:37:45 | 136.01 | 1,000 | 1,360.10 | O |
| 14:24:32 | 136.00 | 3,677 | 5,000.72 | O |
| Top Posts |
|---|
Posted at 13/12/2024 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 136.50p.Concurrent Technologies currently has 85,637,714 shares in issue. The market capitalisation of Concurrent Technologies is £116,895,480. Concurrent Technologies has a price to earnings ratio (PE ratio) of 30.20. This morning CNC shares opened at 136.50p |
Posted at 10/12/2024 15:57 by valhamos Cheers, Simon. It looks an exciting development, software is often the hardest part to get right and I think Miles said that more and more resources were being devoted to systems software. Parry Labs looks as though it has similar revenue to CNC and its valuation based on a recent fund raise appears to be twice the size as CNC. |
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 - 20/11/24Asian 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 14/11/2024 14:57 by igoe104 Introduction to CNC video just posted by Pi world.Fantastic ambition from miles wants CNC to be a multi billion company... |
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&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 11:10 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 06/6/2022 18:28 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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