Join our community of smart investors

Meeting Concurrent Technologies's CEO: Lee and the IC

Alex Newman and Lord John Lee sit down with Miles Adcock of Concurrent Technologies
Meeting Concurrent Technologies's CEO: Lee and the ICPublished on February 27, 2024

In the sixth episode of Lee and the IC, Alex and Lord Lee are joined by Miles Adcock, chief executive of computing product manufacturer Concurrent Technologies. 

The trio discuss the background of Concurrent, a favoured holding in Lord Lee’s portfolio, when Lord Lee began investing in it, how both he and Adcock view the company’s prospects amid current geopolitical tensions, how to navigate the unknowns of a complex stock as a private investor, and much more.

This episode was recorded on 23 February.

Timestamps

1:32 What the company does 

2:48 The changes Miles has introduced since becoming CEO

4:35 Supply chain issues in the defence industry

6:58 How the rise in revenue can be explained  

9:28 The concentration of Concurrent’s customer base 

11:07 When Lord Lee got involved with Concurrent

14:30 What led Lord Lee to keep the faith in Concurrent after the death of Glenn Fawcett

16:03 How to navigate the unknowns of a complex stock 

18:02 How Miles spells out his investment case 

23:35 Have geopolitical events changed the procurement in this sector 

25:44 Has defence been a focal point for Lord Lee’s investing

29:25 The tricky summer the company experienced 

30:58 Where Miles’s skills lie 

33:54 The principles of small companies that appeal to Lord Lee

36:04 The case for paying out dividends 

37:30 How capital-constrained is Concurrent?

41:19 What is coming up for Lord Lee in the next few weeks?