Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Amarkal - are you on the right thread? 184 ?
Sorry 4-10 months time
Next wave up should hit around 184 timeframe 4 months.
Oogle - Now we are ;-)
premier effing miton sold 1% of their 15% holding. Couldn't have done that on the open market , so another trust fund must have bought them
Time for the next wave where??
Fundamentals are good, charts look interesting, time for the next wave up over the next few weeks.
I would say its definitely micro chip shortage that is the worry. Naturally its quite complicated. Electric car manufacture has had an impact but they use a different kind of chip ti companies like Intel. There is the manufacturing capability globally but yet again supply to some extent has been let down by inefficiencies in China. Some western manufactures are reluctant to build new factories because with margins so low, the worry is the market could be flooded when the Chinese get their act together. Thats the big unknown with China, apart from the general secretiveness and incompetence they like to play games like selling off their metal stock to try and drive prices down. Long term its never going to work.
We can only hope that CNC have a very good relationship with suppliers and were warned to stock up. They are in a strong financial position so hopefully can withstand a blip easily. Intel have put out a statement about supply which is a bit negative, but I would expect it to be more of an issue for a company that size. Others expect the supply to recover this year and back to normal next year. Nobody really knows the full impact of the Suez blockage yet and expect we are only just seeing that coming through now.
I would say its definitely micro chip shortage that is the worry. Naturally its quite complicated. Electric car manufacture has had an impact but they use a different kind of chip ti companies like Intel. There is the manufacturing capability globally but yet again supply to some extent has been let down by inefficiencies in China. Some western manufactures are reluctant to build new factories because with margins so low, the worry is the market could be flooded when the Chinese get their act together. Thats the big unknown with China, apart from the general secretiveness and incompetence they like to play games like selling off their metal stock to try and drive prices down. Long term its never going to work.
We can only hope that CNC have a very good relationship with suppliers and were warned to stock up. They are in a strong financial position so hopefully can withstand a blip easily. Intel have put out a statement about supply which is a bit negative, but I would expect it to be more of an issue for a company that size. Others expect the supply to recover this year and back to normal next year. Nobody really knows the full impact of the Suez blockage yet and expect we are only just seeing that coming through now.
Ive bought and hold enough for now. Im ok with the divi upto now but before I consider buying more I need to see something positive both in terms of company development and sp movement
Trust me to put the mockers on it. Very true , there has obviously been some persistent selling. People are far too impatient with it imo. Acceptance statement from are new CEO: Dr Miles Ad**** commented:
“I am very pleased to take up this role. Concurrent Technologies is a fantastic organisation. We have great people and technological capabilities and a competitive customer offering. I look forward to leading Concurrent Technologies in its next phase of growth and creating value for all our stakeholders.”
Its not a question of if , its more of a when, which we will get some indication of next month. I'm guessing the chip shortage factor has been an issue with lack of confidence here. I'm quite happy to start purchasing again if it does drop again.
oogle
No were not !! Decent post but a bit premature !! though I agree with most of it. Amazing really one sale of around 13,000 shares at 90 p and it drops it 3p or around 3%. One of 9000 around 4pm. If someone sells around 10 000 monday we will be down again. Its gonna take something a tad special to light the boosters on this one - bit rusted to the launch pad
TF we're back in the nervous nineties. It is a great little company. Founded I the eighties I think. Its progress has been a bit tortoise like, but it has been steady. They are in a pretty safe niche sector. Very much respected. Bit a lot of changes this yer sine one of the founders passed a way a couple of years back. New CEO, new CFO and I think a couple of other new board members. Profits can be a bit lumpy which lends the market trying to pre-empt that and it often gets it completely wrong. The share are a little illiquid, but the divi is decent and looks pretty safe. There is always the possibility that this could suddenly jump on launch of new ground breaking product, as is possibly the case for this rebound. If your not trying to become an overnight millionaire I think this is agree investment. I first invested here in about 2010, might have been earlier. The share price was 19p. Its certainly kept pace with house price inflation!
On the face of it, I really like this company. Fundamentals look great. However, I was wondering what other investors think about the board? Their backgrounds appear to be more financially based, rather than technology, and I wonder if this is leading to the steady, constrained-growth type picture seen with CNC?
No news and has solid fundamentals
Got to say I tend to agree. Nearly two years now and its been fairly much downwards. Beginning to think I should take the hit and move my money to a stock where I can start to make gains - this doesnt seem to be going anywhere anytime soon and the dividend isnt the greatest. Without some positive news soon I can see this hitting new lows. Just my opinion. Be good to hear that of others.
Doesn't seem like much is going on with CNC, these are on my watch list to be dumped, not much to get excited about here other than a steady drift downwards
WEll the new bloke hasnt led to an early goal
Seems like there have been a few boardroom changes and retirements recently.I think the real problem for the short term is the reluctance particularly with small caps to be anything but super cautious with forecasts, probably on the advise of brokers. Hence they consistently beat targets and are usually ahead of expectations. This is resting in the markets seriously undervaluing small caps. Not a problem for me. Am happy to buy when it falls back and build up the dividend pay outs which exceed savings accounts a thousand fold
Another day of nothing from CNC, probably shoot up 5p today , seriously need some good PR in the business.
......
https://martinflitton1.wixsite.com/privatepunter/post/concurrent-technologies-eyes-growth-14-04-21
great write up. I mean really, why would you be selling?
They have a breaking news column on website.Hopefully they realise as providers to the communications industry for 5g testing equipment amongst many other things it wouldn't be a bad idea to communicate with the market occasionally about what they do and how things are progressing . I bought more on the lows last week. Frankly amazed people selling a quality stock like this. Also google martinflitton wixite for blog. Seems to be in regular communication withe directors
I think you guys have done well. It did drop to 90p at onstage which made me wonder if I was reading the wrong company results. Apparently they spent more on R&D this year which I would have thought would be another positive, and of course there was their on version of Brexit (Indibrexit)from India which was sensible and will save money although it cost about 0 .7 million. So the eps is actually down a bit, but those are one offs and wealthier are hopefully at the end of the pandemic rather than the beginning. Its seems the market looks a stock report making profits and goes o no this can't be happening no million pound debt they're not to be trusted.
"buy on the dips"
Which is what I inadvertantly did!
Yes, happy to hang on to them.