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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ricardo Plc | RCDO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.21% | 468.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 470.00 | 468.00 | 477.00 | 468.00 | 469.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/03/2024 | Interim | GBP | 0.038 | 14/03/2024 | 15/03/2024 | 11/04/2024 |
| 13/09/2023 | Final | GBP | 0.0861 | 02/11/2023 | 03/11/2023 | 24/11/2023 |
| 01/03/2023 | Interim | GBP | 0.0335 | 09/03/2023 | 10/03/2023 | 11/04/2023 |
| 14/09/2022 | Final | GBP | 0.0749 | 03/11/2022 | 04/11/2022 | 25/11/2022 |
| 24/02/2022 | Interim | GBP | 0.0291 | 10/03/2022 | 11/03/2022 | 08/04/2022 |
| 15/09/2021 | Final | GBP | 0.0511 | 04/11/2021 | 05/11/2021 | 25/11/2021 |
| 25/02/2021 | Interim | GBP | 0.0175 | 04/03/2021 | 05/03/2021 | 09/04/2021 |
| 25/02/2020 | Interim | GBP | 0.0624 | 12/03/2020 | 13/03/2020 | 06/04/2020 |
| 12/09/2019 | Final | GBP | 0.1528 | 07/11/2019 | 08/11/2019 | 21/11/2019 |
| Top Posts |
|---|
Posted at 06/3/2024 07:13 by tenapen Dividend up %13A thumbs up from me |
Posted at 30/1/2024 11:00 by cerrito As someone with a small position in RCDO,I have enjoyed the posts here during the last week.I revisited the last annual figures and was confused about the huge difference between statutory and underlying profit S well as all the different businesses. Nothing on Research Tree either. Given that both defence and environment are good places to be my gut tells me to hang in there. Let us see what Thursday brings. |
Posted at 24/1/2024 17:36 by norbert colon My whole investment thesis here (like it or not) rests on RCDO being acquired via a trade sale at a premium to the price i paid.I agree it's sad in some ways to see such consolidation but it will happen regardless of you or I and as long as the ultimate Consulting biz goes to a good home (like a WSP etc) I'm satisfied.I'm less au fait with the other businesses but the defence biz (as an example) looks decent with a good runway now via the Humvee ABS kits etc. |
Posted at 24/1/2024 16:46 by 1968jon Being currently grumpy and pessimistic about the state of the UK equity market below £5bn - though not about the prospects for RCDO per se - I hear you NorbertColon but wonder regardless. I think a PE firm could come in, pay £10, gear it a little and make a lovely turn selling different bits to US buyers and giving the rump to Melrose for stock. (I'm making that last bit up but you know what I mean). Don't get me wrong, I'd make good money but that would be a £1bn UK company that should be a National Champion leave the stock market - that hurts me at the margins in the long run. |
Posted at 24/1/2024 11:14 by norbert colon Hi Jon - agreed although the issue is partially one of identity. Who are RCDO - are they a Consultant or Defence Contractor or an Automotive supplier etc? The current strategy is to reshape the biz but it's been held up by various factors. A pure play Consultant would be worth twice the current mcap with known larger overseas peers (WSP, Stantec, TetraTech etc) being the likely acquirers. Hoping to see some clear movement on the identity this year. |
Posted at 24/1/2024 10:15 by 1968jon I despair a little. I bought another chunk yesterday, having most recently paid £5.12 in October. I first started buying it six years ago (I own a lot and haven't sold any) and have "known" the company for decades. On every conceivable metric it is the "wrong" price. Leaving aside previous performance, Covid and rising interest rates, it seems to me it is emblematic of the problems in public markets in the UK (and Europe to an extent). There is an easy argument to be made that any company sub-£5bn in mkt cap is better off in private hands. Analyst coverage for RCDO is a waste of time and liquidity is comical. I look at the EV/EBITDA multiple of 6 for this year, combined with manageable debt and cannot believe a PE house is not looking at it? |
Posted at 16/10/2023 18:07 by tenapen I disagreeYou could check the date of the of the RCDO chart Top and it will be close to the Tories winning the Uxbridge by-election - in mid july. The following Tory U-turns on green policies has destroyed not only Ricardo's share price but most if not all of the uks listed clean tech sector. |
Posted at 14/3/2023 11:37 by tenapen I'm here.I'm fed up with advfn just now. I still hold my shares and happy with rcdo. |
Posted at 14/3/2023 09:41 by carcosa A good write up can be found here re H1 results: |
Posted at 16/8/2022 11:52 by norbert colon Hi Tenapen and other postersI am a new investor to the Group and thought i'd jot down a few points for discussion as i'm a big fan of the engineering/environm Although I've been aware of Ricardo for a few years, for some reason i've never looked at them, probably as they are not a pure-play consultant and hence their profile is somewhat under the radar compared to peers such as RPS, WSP, AECOM, Atkins etc. Having just partially exited from my investment in RPS (built up from 2019 right through to July 2022), I was reminded by another investor of RCDO and duly watched the CMD presentation from May and came away suitably impressed enough to make an initial investment. I assume other investors are aware of the considerable M&A activity in this sector over the last 10-20 years with RPS alone having made 85 acquisitions over this period with larger peers such as WSP and TetraTech being equally as acquisitive. Listed consultants who have succumb to M&A include WSP, Atkins, WYG, Sweett Group, Hyder, RPS and Waterman. Private deals are considerable more numerous. Liberum recently produced a note (02/08/2022) including a peer group comparison table showing the disparity between the valuations of RPS and RCDO against their (admittedly larger) peers. RPS has since been acquired for just over 1 x sales (PE25) and this multiple is inline with other deals i've tracked. ERM acquired KKR in 2021 for 3.75 x sales but this is an outlier in valuation. With the new Group strategy defined with a clear focus on the E&E sector which is facing some fantastic tailwinds, the current valuation of RCDO of 0.75 x sales (PE12) seems anomalous and whether we see M&A activity or not, I have an initial 600p+ valuation on the Group and look forward to the results in Sep followed by the AGM in November where hopefully some other investors will also be in attendance! |
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