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Pin to quick picksConcurrent Technologies Share News (CNC)

Share Price Information for Concurrent Technologies (CNC)

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Share Price: 103.00
Bid: 102.00
Ask: 104.00
Change: 0.00 (0.00%)
Spread: 2.00 (1.961%)
Open: 0.00
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Low: 0.00
Prev. Close: 103.00
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Sunday share tips: Concurrent Technologies, Mpac

Sun, 04th Feb 2024 17:11

(Sharecast News) - The Financial Mail on Sunday's Midas column touted shares of Concurrent Technologies to readers, arguing that the company was in the right spot and at the right time.

Cascading conflicts in Ukraine and Gaza, alongside tensions in the Red Sea or Taiwan Strait were making many politicians around the world wonder whether their country's armed forces were up to scratch.

Well, the company's computers were made precisely to be used in war zones.

Concurrent had recently shifted its focus from telecoms to defence, with its chief executive officer, Miles Adcock having also gone about reenergising the firm since he joined in 2021.

Adcock, who had decades of experience at BAE Systems and Qinetiq, was hoping to more than triple turnover to £100m over the next few years.

The company could also expect to benefit from changes in the U.S. Pentagon's procurement policies, which were expected to favour smaller players.

"While current economic conditions do not automatically lead to increased spending on defence, they certainly focus government minds - and that is likely to benefit Concurrent," Midas added.

"At 86p, the shares are a long-term buy."

The Sunday Times's Lucy Tobin tipped shares of Mpac, telling readers that shares in the maker of niche packaging machines were undervalued and a 'buy'.

Mpac's machines have been used to pack everything from Unilever's pyramid-shaped teabags through to Covid tests.

The company was now also involved in helping clients make production lines more efficient and had diversified into new industries, including for battery cells in the US.

Looking ahead to its full-year results announcement in March, analysts were estimating that sales rose by 10% while pre-tax profit doubled.

Yet huge opportunities remained for Mpac, including in robotics, 5G and AI control systems, the tipster added.

Indeed, ShoreCap analysts expected to see a significant acceleration in growth over the next few years.

Furthermore, the shares were changing hands on a price-to-earnings multiple of eight, against 17 times for UK engineers such as Weir or Smiths Group.

Tobin also noted the £2m in cash sitting on the company's balance sheet which could be deployed on acquisitions in the "very fragmented" automated-packaging market.

More News
4 Apr 2019 11:33

Concurrent Technologies Posts Flat Annual Profit, Positive On Outlook

LONDON (Alliance News) - Concurrent Technologies PLC on Thursday reported flat annual profit and said that it looks forwards to 2019 with confidence.For 2018, the computer boards posted of

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14 Mar 2019 13:18

Concurrent Technologies Proposes Second Interim Dividend Of 1.35 Pence

LONDON (Alliance News) - Concurrent Technologies PLC on Thursday proposed a second interim dividend of 1.35 pence per share in respect of 2018.The second dividend will bring the total to up

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6 Mar 2019 12:00

Concurrent Technologies Launches New Rugged Server Board

LONDON (Alliance News) - Concurrent Technologies PLC on Wednesday said it has launched a new rugged server board aimed directly at use in the defence market.Shares in Concurrent were up at

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17 Jan 2019 16:27

Concurrent Technologies Profit Down From 2017 But Meets Expectations

LONDON (Alliance News) - Concurrent Technologies PLC on Thursday said it expects its annual profit to have fallen from 2017, in line with market expectations.Shares in Concurrent were up at

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14 Jan 2019 14:13

Concurrent Technologies Managing Director Fawcett Takes Medical Leave

LONDON (Alliance News) - Concurrent Technologies PLC on Monday said that Managing Director Glen Fawcett will take a temporary leave of absence to undergo medical treatment.During the the to

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12 Sep 2018 11:50

Concurrent Technologies "Well Placed" For Future Despite Profit Dip

LONDON (Alliance News) - Concurrent Technologies PLC said Wednesday that it is "well placed" for the future despite recording a reduction in interim profit.For the six months to a

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22 May 2018 17:54

Concurrent Technologies Current Trading In Line With Expectations

LONDON (Alliance News) - Concurrent Technologies PLC said Tuesday its "good" trading performance from 2017 has continued into 2018.Speaking at the high-end computer board annual

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21 May 2018 12:51

Concurrent Tech Reports Completion Of Rugged VPX Server Boards Testing

LONDON (Alliance News) - Concurrent Technologies PLC said on Monday that it has completed thermal, shock and vibration qualification testing of its range of rugged VPX server boards.The VPX

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4 Apr 2018 12:44

Concurrent Tech 2017 Revenue Falls, But Profit Rises On Higher Margins

LONDON (Alliance News) - Concurrent Technologies PLC on Wednesday said that better margins helped it deliver a rise in pretax profit for the year, despite a decline in pretax

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27 Mar 2018 15:12

Concurrent Technologies And Eizo Rugged Solutions Manufacture VPX

LONDON (Alliance News) - Concurrent Technologies PLC on Tuesday it has produced computational solution VPX in collaboration with Eizo Rugged Solutions Inc.The new of is

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20 Dec 2016 15:05

Concurrent Technologies toeing the line of market expectations

(ShareCast News) - Designer and manufacturer of high-end embedded computer products, Concurrent Technologies, updated the market on its trading ahead of the close period for the year to 31 December. The AIM-traded company said that, based on its unaudited management accounts for the year to date, it

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20 Dec 2016 14:41

Concurrent Technologies Says 2016 Results To Meet Market Expectations

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1 Jul 2016 12:16

Concurrent Technology claims strength post-Brexit

(ShareCast News) - Embedded computer products designer and manufacturer Concurrent Technology posted a trading update on Friday, over the recent severe weakening in sterling after the UK voted to leave the European Union. The AIM-traded company said that as a consequence of the recent changes, espec

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1 Jul 2016 08:23

Concurrent Technologies Confident On Year Despite Sterling Fall

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19 May 2016 11:59

Concurrent Technologies Says Strong Trading Has Continued Into 2016

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