Concurrent Technologies – 45.5p

Report dated – 23 May 2011
Market capitalisation – £32.5m
Sector – AIM
Prospective p/e ratio – 12.0x
Prospective dividend yield – 3.5%

Computer group Concurrent Technologies looks set for a period of sustained growth after five years of flat sales and fluctuating profits.  The recent AGM has confirmed that trading in the important defence sector remains strong while the group has detected some signs of recovery in other markets.  In the year to 31 December 2010, 85% of revenue was generated overseas and the group’s alliance with Intel gives it a competitive advantage in product development.  The group also has a strong balance sheet with net cash of £4.6m.

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