CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Concurrent Technologies (CNC) stock surges on trading update

By Adrian Holliday

11:02, 5 January 2022

A technician attaches a CPU to a computer motherboard
Concurrent Technologies has seen its stock rise after releasing its trading update for 2021 – Photo: Shutterstock

AIM-listed computer player Concurrent Technologies confirmed better-than–expected profits and revenues in a London trading update this morning.

Stock in Concurrent soared more than 11% to 89.40p by late morning as investors digested revenues and profitability “slightly ahead of market expectations despite the ongoing challenges that the worldwide component supply chain is experiencing”. 

Robust orders

The company said while component issues are ongoing, it was entering 2022 “with a robust order book and an exciting pipeline of innovative product releases to grow our customer base and revenues in 2022 and beyond”.

AMZN

124.61 Price
+1.210% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.13

META

272.74 Price
+0.070% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.11

AMD

118.47 Price
-1.060% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.06

NVDA

393.46 Price
-1.750% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.16

CEO Dr Miles Adcock added it was minimising impact of the global supply chain issues and he was “confident in the long term prospects for the business”. The company’s share price remains some distance off its 113.00p high.

Dr Adcock was appointed CEO last year, previously serving as president of space imaging at Teledyne Technologies.

Read more: Ryanair (RYAAY) stock rises despite December passenger drop

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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