Concurrent Technologies plc (LON:CNC) a tech company that has a strong order book, delivered consistent profitability and pay a regular dividend was a topic for conversation when DirectorsTalk Interviews caught up with Fund Manager Gervais Williams. As an attractive stock within his portfolio we asked Gervais for his thought on the company.
“It’s quite a small business. It’s only capitalised at around £50 million market cap but what’s interesting about it, is it has a very big market position. In particular, it supplies circuit boards for many military applications as well as telecoms, telemetry and other areas. Specifically, there’s a real opportunity for them with a new management team to really take advantage of that position going forward.
We think customers have been through a pretty tough time with deliveries over recent years and with their products, and particularly with their ability to be relatively early in terms of the upgrade cycle with military spend, we think they’ve got some exciting prospects in the next 2-3 years.
As I say, it’s a tiny business. It’s just got a very strong opportunity given that this is an area where most people haven’t been investing in for many years.”
Concurrent Technologies (LON: CNC) designs a range of high performance Intel® processor boards, switches, networking, storage and software products for use in embedded computing solutions. They manufacture board products in its Colchester, UK based factory to meet the highest level of inspection standards for long life-cycle, reliable operation.
Its products are used by many of the world’s leading integrators within the Defense, Security, Aerospace, Telecommunications, Transportation, Medical and Industrial markets and are designed to be operated in a range of temperatures and environments from benign to extreme rugged.
