21st Aug 2025. 8.59am

Regency View:

Update

Regency View:

Update

Concurrent Tech expands into AI with Bragi launch

Concurrent Tech (CNC) recently announced the launch of Bragi, its first NVIDIA graphics card, in partnership with EIZO Rugged Solutions. This marks a significant step forward as it broadens its reach in the defence and industrial markets, positioning itself firmly within the fast-expanding field of edge computing and AI-driven processing.

Bragi is based on NVIDIA’s latest Blackwell architecture, giving it the processing capability to deliver up to 1,824 AI TOPS, a level of performance that makes it suitable for highly complex and mission-critical workloads. By bringing this capability into its portfolio, Concurrent is strengthening its appeal to customers who require advanced computing solutions that can operate in demanding environments.

The new GPGPU is also aligned with SOSA standards and meets MIL-STD-810 compliance, underlining its suitability for rugged applications in defence and aerospace, where reliability and durability are non-negotiable. Like the Company’s existing product line-up, Bragi conforms to the 3U OpenVPX architecture, allowing seamless integration into modular high-performance systems. This compatibility ensures customers can benefit from both scalability and interoperability, a key advantage in sectors where new technologies must complement existing infrastructure without disruption. In practice, this means Bragi can be deployed as part of a broader Concurrent system with minimal adaptation, offering customers the reassurance that system elements will work flawlessly together.

The partnership with EIZO Rugged Solutions is also strategically important, as it provides Concurrent with a rare opportunity to market and support a flagship AI-enabling product as its own. By investing in the technical expertise to integrate and maintain EIZO’s GPGPUs, the Company is not only enhancing its product portfolio but also reinforcing its reputation as a trusted supplier of cutting-edge mission-critical technology. CEO Miles Adcock highlighted that this development reflects the Group’s ongoing mission to provide customers with the latest solutions at the highest standards of quality and performance. For investors, the launch of Bragi signals that Concurrent is continuing to evolve its capabilities in line with the growing demand for AI-driven edge computing across global defence and industrial markets.

CNC Daily Candle Chart

CNC Daily Candle Chart

Ebiquity shares slide on flat half-year revenues

Shares in Ebiquity (EBQ) dropped following the publication of an underwhelming trading update, as investors focused on the lack of overall revenue growth and the weakness in the key North American market. For the first half of 2025, the Group reported revenues of £37.9m, flat on the prior year, with only a modest 1% uplift at constant currency.

While adjusted operating profit improved to £2.6m, representing 10% year-on-year growth, the headline figures failed to excite the market, particularly given the ongoing economic uncertainty in the United States. The US remains a critical growth region for the Company, and the subdued performance there overshadowed otherwise solid progress in Europe.

Management pointed to growth across the UK, Ireland and Continental Europe, where trading was described as satisfactory, and highlighted strong momentum in the Contract Compliance service line. Excluding North America, revenues grew by 5% year-on-year, evidence that Ebiquity’s international operations are delivering in line with expectations. The Company also stressed that its business typically delivers a stronger second half performance, with contractual visibility and a solid pipeline suggesting that full-year trading should still align with market expectations. Even so, the reliance on H2 delivery can make investors cautious, especially when confidence in one of the largest regional markets has been dented.

Despite the flat revenue trend, the Group’s financial position appeared stable, with net debt reduced to £15m from £15.6m at the year-end, alongside cash balances of £8.9m and access to £11m in undrawn facilities. To help revitalise performance in the Americas, Ebiquity has appointed Michele Harrison as Managing Director for the region, signalling a commitment to strengthening leadership where the business is struggling most. CEO Ruben Schreurs emphasised the resilience of the international business and reaffirmed confidence that the actions being taken will yield better returns over time.

EBQ Daily Candle Chart

EBQ Daily Candle Chart

Robinson rise on surplus property deals

Robinson’s (RBN) share price rallied after the Company announced a series of surplus property sales and agreements that are set to strengthen its balance sheet. The packaging manufacturer confirmed the sale of Walton Mill, a grade II listed mill building and surrounding land in Chesterfield, for £700,000. Importantly, the deal also includes an overage clause that could deliver an additional £315,000 if the new owner sells part of the land within 18 months. With the asset already vacant and carried at a lower book value, the transaction immediately unlocks cash while offering potential for further upside.

In addition, Robinson has entered into an option agreement for the sale of Boythorpe Works, also in Chesterfield, with a headline consideration of £2.85m. The structure of the deal provides a non-refundable £20,000 option fee up front and staged payments following completion, helping to support liquidity over the coming years. Alongside this, progress continues on the previously announced sale of 1.3 acres at Walton Works, now expected to deliver net proceeds of around £600,000 once completion takes place within the next three months. These transactions highlight the Company’s strategy of gradually releasing value from surplus property, turning non-core assets into meaningful cash inflows.

The announcement also revealed that three further Chesterfield properties, worth £1.2m in aggregate, are under offer subject to contract. Combined, these deals represent a substantial step forward in Robinson’s plan to reduce debt and focus resources on its core packaging operations. With all proceeds payable in cash, the disposals should bring down bank borrowings and leave the Group in a stronger financial position to develop its packaging business. For investors, the market’s positive reaction reflects growing confidence that Robinson is executing well on its plan to simplify the business, strengthen its balance sheet, and unlock value from legacy real estate holdings.

RBN Daily Candle Chart

RBN Daily Candle Chart

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