Ricardo Share Discussion Threads

[pictureframe] 17/2/2004 13:06

and another x trade? There seems to be a bit of stock changing hands before results

[pictureframe] 17/2/2004 12:22

Any takers on the 298 X trade then ? www.ricardo.com

[pictureframe] 17/2/2004 09:19

Morning all , only 6 days to go until results and trading update

[pictureframe] 16/2/2004 12:46

Nice 30k delayed buy just gone through. Dont forget results out on 23rdFeb

[pictureframe] 16/2/2004 12:33

Agreed, Balance sheet is strong and divi yield is nice(should be sustained).

All in all if you can hold 6 months its should double (news being good)

[kiwihope] 16/2/2004 10:45

Picture ... I was attracted by the solid balance sheet ... good divi yield ... and historically low price. The p/e may not be too relevant currently as they are only going to breakeven H1 before redundancy costs. However if they can move back into the black this may be re-rated upwrads. With a trading recovery I'm hoping this may be back near #4 in 12-18 months ...

[pictureframe] 16/2/2004 10:20

I dont think we will have to wait to long until it moves past £2.00 as the buying is picking up. I have just read my initial post (post 1) and now I know why I got some !!

[kiwihope] 16/2/2004 09:31

Hope so picture. I very rarely manage to pick the bottom so I often don't commit total funds first time.

[pictureframe] 16/2/2004 09:20

Hi Kiwi,

Think you have made a wise choice. At this price its valued at results showing a loss (they have stated breakeven) & no recovery, they have stated orders are picking up.

That however is the most important factors, any mention of recovery and we will be back to £3 in no time. imho I expect to hear of a recovery.

imho

Good luck

[kiwihope] 16/2/2004 09:17

Well ... just dipped my toe in and bought a few at 191.75p. Still a bit nervous about outlook at results. If these are OK I will buy more ... probably need to pay more but risk lower ... Otherwise if it drops I will average down ... depending on outlook ...

[pictureframe] 16/2/2004 09:06

starting to bounce

[pictureframe] 16/2/2004 08:32

Just nerves, could be a good opportunity to make a nice few pounds...downside from here (if any) will be extremely limited.

imho

[campbed] 16/2/2004 00:02

The Times commented yesterday (14 Feb) on the lines that “Jitters ahead of H1 figures on 23 Feb left RCDO 23.5p lighter at 184p. The nervousness was attributed to the reluctance of MM’s at ABN Amro/Hoare Govett, the house broker, to bid for more than a small amount of stock at yesterday’s lower levels”.

[ngmmgb] 13/2/2004 20:38

Dear Sirs,

Is it possible to change my nickname to `portland04' please.

Thanking you in advance.
Regards,
Nigel.

[campbed] 13/2/2004 17:15

My reading FWIW of the trades is that the 294,165 cross(X) somehow created fear of an overhang on the back of the earlier 100k trades. Anyway it looks like a clumsily handled seller situation rather than a leaked trading downturn as the company has already issued an on recovery-track trading update and interims are not due till 23rd. Hence I took the gamble of a further share purchase @179p to cost average down. Hopefully Monday will see the price normalised back to 200/215 and the confirmation in interims of some recovery will take it up to 225/235p.

On the other hand PHS goes up on rumour -- I guess that's just a quiet Friday afternoon for you.

[pictureframe] 13/2/2004 16:13

looking at the trades anyone think this could be a tree shake to get some shares beofre results? See how is now bouncing quickly.

Looks a bit suspicious to me

[pictureframe] 13/2/2004 15:48

here comes the bounce, should have got in now !!! ;0)

[pictureframe] 13/2/2004 15:44

Someone just picked up 10,000. You can buy at £1.79

[pictureframe] 13/2/2004 15:20

Well looks like I was a bit keen to buy my last lot.

Cant see any reason for the savage markdown.

[monty burns] 13/2/2004 15:14

I'm holding, but fortunately not many, bought 2k at 240 and 2k at 185. Could have sold the 185 batch for a profit, but thought it was heading higher - it's not.

Relaxed enough, happy to buy a lot more lower down - but will want to see some numbers first, particularly cashflow/debt - that's what made me buy these in the first place.

Take the point about the acquisition maybe being problematic. Honestly am in the dark, but looks like (as ever) some people are not. Certainly not selling at these prices, just waiting for news before buying more lower, or riding the rise up with what I've got.

When this moves, it doesn't hang about, does it?

[kiwihope] 13/2/2004 14:16

just started tracking this one. I agree it looks a fairly solid company that may present a buying opportunity. Need to do more research before committing one way or the other.

[jelfsie] 13/2/2004 14:04

Well someone has just sold £180k's worth of shares, now I wonder why. With results due soon that would make me very nervous if i was holding (which im not thank god). Good company but i worry about the timing of that german acquisition.

[pictureframe] 13/2/2004 13:29

b.t.w you can actually buy at £1.92

[pictureframe] 13/2/2004 13:24

The independent automotive consultancy said trading in the first half to
end-Dec was "extremely challenging".
It added, however, that it saw significant improvement in bidding
opportunities and an increase in customer interest and activity levels across
the business in the last six months. As a result, it said December was the best
month for order intake since June 2003 and potential order enquiries, which have
remained flat from December 2002 to November 2003 rose by 40 mln stg in the last
month of the year.
Ricardo shares were 15 pence higher at 212-1/2 by 8.05 am.
fjb/jc

[pictureframe] 13/2/2004 13:21

well im fully invested in this now after just getting another 3750.

Only 10 days until results when I am expecting good news re orders picking uip