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Any ideas on why the sudden jump? I thought the SP rode out the results niceley. The reduction in renenues was expected and pre-announced, but I can see no reason for the big jump up over the last few days. My 'top only under 75p' policy is still in place! I spoke to some of the sales guys at DSEi recently, and they seemed happy - they feel they have good stuff to sell.
Looks like my prophecy was correct, Storm. Its faded back to where it started. Could of sold at 95 and buy back now at 75, but like i said, I'm a LTI with this one. Will only top up below 75.
Some holders may consider substantially reducing as it appears that the UK government is about to look at labour related matters and UK employees rightly could get much better terms. I do not think that sick pay will be bendable as some companies do. Such as paying a bonus provided that you never go sick. Only an opinion.
FallingKnife, And it pays a dividend.
I am a long term holder here - I know this company well as a customer/partner/competitor and they are respected and well run. i think the recent flurry has probably put the SP into 'over bought' territory. I expect future growth to be steady rather than spectacular. However, long term it is a sound investment, cash in reserve, spending wisely on development (essential in their business). If i was a trader, I would sell now to buy back when the excitement wears out, but I'm an investor, very long term. I'm even taking into account that this investment is IHT exempt if you leave it for 2 years! Morbin, I know.
Thanks Pinkers, I have along with others been a shareholder here for a number of years and often wondered why very few seemed particularly interested in investing in what is a good little business. It was always a bit of a 'no brainer' that if a seemingly bellicose Mr Trump were to be elected it would be good for 'defence' stocks including us. What ever anyone thinks of Trump it has to be acknowledged that so far he has done good for the CNC shareholders and now it seems has Mr Lee. All we need now is for the company to firm it up by making a few stunning sales.
John Lee pointed out that CNC should benefit from increased US spending in the defence sector. In the same column he tipped Quarto and that hasn't moved at all. Lee is extremely well connected, on the inside track. Holding a small number of small-caps he has been pushing in the FT for years, both have featured many times. In the long run, he usually gets it right. And when he doesn't, he never mentions the stock again: Christies support is a good example. I checked it out after he tipped it and was put off by its weak balance sheet; the stock has since lost half of its value.
Pinkers, Please will you be kind and expand on this. Please why do you think that the Trump effect is involved? Many of my shares have benefitted from Trump but the majority are now beginning to weaken. Even so a number of them did not rise at all on the back of Trump and their prices remain mostly unchanged. With many thanks.
Mr Lee has been banging on about CNC for years. I do not believe that his most recent coverage is solely responsible for this phenomenal rise in the last few days. However, as Mr Lee has pointed out for the first time, the Trump effect may well play a role.
Closed at 87p up 2.4% on a t/o of around 219,000 shares. Interestingly the s.p. hit 89.50p during the days trading. The John Lee influence still continues?
Ophelia, Many thanks for the information. Just over 360,000 changed hands today and the s.p. closed up 5%. Tomorrow morning the profit taking? We will see.
Tipped in ft by John lee
We are up just about 6% on the day with a turnover of just under 350,000 shares - why all of a sudden? Has someone done a research note or has some journalist tipped them, or what? The next listed event is the AGM on May 25th, in market terms that's a lifetime away so it can't be that.
About three years+ of posts have been deleted, maybe fifteen posts in all!
i would kill for 54s here :((( were some posts deleted here ???
For McDonnell Douglas read Lockheed Martin! Was a bit jet-lagged when I wrote the last post. Price for CCN back up 6.5% today so damage is largely undone!
Agree I could have been luckier with the timing -all defence electronics stocks have been marked down following the McDonnel Douglas warning but I don't worry about short term movements, I'm in for years especially with dividends being paid and hungry US companies looking to gobble up niche players. Take for example e2V Technologies just 30 miles down the road in Chelmsford, currently under offer from US-based Teledyne. Big market potential for tens of thousands of unmanned vehicle platforms -land, sea and air, will require rugged, reliable, electronic boards to the VITA standard that CCN specialise in. Big opportunities here!
Perhaps you would like to reconsider.
.... Having met CEO and marketing manager at Embedded Tech Trends conference. Gave a very confident technical presentation which makes me feel my investment is in safe hands. Great company with good cash flow, no debt and paying a dividend. Sterling weakness should boost earnings this year and next. Glad to be on board!
Perhaps Thehierachy will once again be kind and run his slide-rule over today's results. Thanks.
From today's 2015 results "Sales in the first quarter of 2016 have been excellent and our current order book indicates a strong first half year performance." · EPS increased by 66.2% to 3.79 pence (2014: 2.28 pence) · Dividend increased by 5.56% to 1.90 pence per share for the year (2014: 1.80 pence) http://www.investegate.co.uk/concurrent-tech---cnc-/rns/results-for-the-year-ended-31-december-2015/201603180700075000S/
lacroix, Can only agree with you. Many congratulations to all at CNC. This one has been sitting in my bottom drawer for about five years waiting for it to mature, rather like a good wine. As to buying more, maybe this is right, however it is rather a question of timing since sometimes they tend to drift a bit after their announcements. Along with the dividend rise the interesting thing is that they appear to have a good order book with new products in mind. It is such a pleasure to be invested in a well managed successful business, long may it continue to prosper.
At last the true capabilities of this company are shining through.Good products, good management,good results,good dividends. One for my bottom draw. BUY BUY BUY
gradually creeping up against the overall market.
According to this site on the week of 22/11/2010 the s.p. was 32.50p. Today almost 5 years on the s.p.is 65.50p plus we are getting a dividend. Looking at some of my other shares this is stellar. Are we at present in a re-rating - please see today's announcement - or are there perhaps some people who are buying in the hope of a takeover, or what?