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Look at the positives - exceptional order backlog, no debts to be hammered on interest rate rises, component supply issue is only temporary, going from 3 to 8 product releases/year, most orders are for new products. This is a jam tomorrow scenario and I'm back in! This is a great little share for an IHT portfolio, and next time a broker points that out it'll pop right back up.
Lord lee I believe added to his holding in the summer. I see he also binned his holding in the popular ipo ADF last week . This was unwelcome news on top of our newly imposed economic terrorist government. I think under the circumstances it was prudent to suspend the dividend. Someone suggested a cut would have been better . I disagree. I hope this suggests this is indeed a temporary blip. ‘ revenue would have improved further without the supply disruption.’ I think without this information the fall would have been considerably more savage. Aside from the general economic carnage of an incompetent BOE aiding and abetting an inadequate government, the outlook is still promising
I did wonder why the new BOD had not bought any shares.
CEO and CFO need to back the company now before any one else does.
Very surprised to see these interims results. As far as I was aware, the news coming out of the company was positive and there was even an indication in an announcement in July re the new supply agreement that the company was managing supply chain issues! Will continue to hold but also not planning to add more at this stage
Very grim still plenty cash was always gonna get smashed especially with economy in turmoil
Not the results I had expected to be honest. Performance blamed on component shortages. I would have liked to hear more detail about these component shortages, and how they look over the next 6 months. As someone who works in the industry, the 2 large teir 1's I have worked for have had no issue with component shortages this year.
Share prices are being completely manipulated by market makers currently, the 20% drop today on light volume was entirely down to market makers taking a position, and by 10:30 we now have more buys than sells, shows that a lot of the news here was already in the price. I would like to see some director buys now, and I guess the H1 results explain why we have not seen any from the new board up to now. So this is your chance to back the company now, if as you say this is just a blip. I will continue to hold, though will not be adding on this weakness.
https://www.gocct.com/2022/02/17/concurrent-technologies-cenkos-securities-growth-innovation-forum/
Contains some proposals for what transformations will be planned as new board take over the business. Be interesting to see what has been achieved when we get interims. As he says, there is huge potential for the company to grow.
interim results for the six months to 30 June 2022 on Monday, 26 September 2022.
Another 380k at 88p. Lets hope they go to sticky hands.
So Premier Miton, now increased from 14% to 15%, on 17th then the 15% to 16% on the 22nd.
More confirmation that this is a strong buy.
If you add in Liontrust & BNY, then that is 33% shares held between 3 II's.
(BNY are listed as Diverse Income Trust on the website.)
Interims should be around week 1 of September, with Notice of results 1 week prior. Looking forward to them.
Last research I could find, said EPS might be affected by component shortages for this 6 months, but I guess it is the forward looking side we are interested in.
Extra 430k shares tonight, still buying? Obviously for this type of volume there is a seller too, but nice to see institutional interest.
There you go!
I think that is the Bank of New york. Now up from 5% to 6%. Interestingly they are not listed on the company website as a significant holder, not sure why.
This is setting up to be fantastic share IMO. Under the radar, no one interested, not many free shares, new BOD, plenty of funds, mature company, products in demand, selling to recession proof sectors. Cant wait!
Yesterday (18/08/2022) was interesting. Late trades came in for over 1M shares. 1.075M to be precise, all at a price of 87p.
That is 1.36% of the company on the book. Perhaps in time, something will be revealed? TR1 either way maybe?
Highest volume since 16th March 2021.
Doubt it would be the board, as probably closed period, although im hopeful of director buying after interims.
Look at that cup and saucer, even looks good on this web site (unusual). I suspect the interim's in early September will be the catalyst. I'm still here...
Not easy to dig up much research on this company. My day job is embedded software, and from what I can see this is a pretty special company. For example, releasing boards with new Intel processors on, on the day that Intel launch the processor, tells you that they are high up the food chain. To be getting early samples to work on etc. (and likely a supply agreement). These boards are pretty awesome and suited to most demanding applications as they say on the website.
I expect some re rating in the share price due to earnings increases / new contracts. Longer term though im wondering if there is much high growth in this company as it has been around for 20 years. Probably more of a value play this one?
Also not on any ones radar, (yet). We need to see more spending on defense, it must be coming.
Investors chronicle has some broker ratings tucked away on their web site, and 2 of 2 brokers say 'out perform'. Target price circa £1.20. I have shares for trading and long term investment here.
Thanks Darton - fingers crossed you're right!
Spoontrader, I bought in here after analyzing the chart. I believe 95p would be the start of the move. Id be looking for a serious rise once £1 breaks.
Good move today and getting close to my .95 target. As is always the way, I’m now feeling greedy and think I’ll stick in there until we go through £1. No discipline at all!!!
Good news this morning re new supply agreement. Particularly pleased to see a nod in the announcement to
Concurrent being able to manage supply chain issues. Obviously the multi-year nature of the contract and it being paid for in dollars (given the current state of the £) are also big pluses. Extract from the RNS below:
“Concurrent Technologies… has entered into a supply agreement with a Fortune 500 global medical technology company, and has received an initial USD$2.2 million order for first year product shipments. Initial shipments have already commenced for qualification purposes with volume shipments scheduled to start at the end of 2022. The customer is then expected to place similar size orders on an annual basis for several years to come.
The customer's needs were multi-faceted and challenging. Concurrent Technologies developed a product that maintained backwards compatibility with the external interfaces of the prior product; demonstrated the ability to manage and overcome issues that would prevent multi-year production without changes; and met all the customer's quality and supply chain requirements.”
@huwie - it’s classic concurrent tbh. The board are always upfront around challenges. For me I think it’s a good thing and very rarely do they seem to miss guidance. The market doesn’t seem to agree in the short term but as I’m holding longer term I’m fine with the approach. Topped up at 76.6p - have a fair few so will likely sell some once the sell price goes north of 95p
In my opinion the CEO should not have said, “ Despite growing demand for our products and an increased order book, we do expect short-term supply challenges will result in delivery of it being more protracted than is normal for the Group”.
That’s what he thinks but should have remained Shtum.
Always the way with Concurrent. Solid results but the share price dips. Very tempted to pick up some more but expect the spread is horrendous (as always)…
One word really. Absurd. We're not fashion retail or some loss making new tech. Cutting edge defence technology with a strong future and a decent dividend. Might get taken over I suppose, only small change for the big guys, which would disappointing.
Keep calm and carry on RNS. No sinking ship here.
Results and Zoom meeting tomorrow
Presentation and update on Investor Meet Company on Monday 16th.