Ricardo Share Discussion Threads

[iamb4ne1] 20/12/2013 14:46

The contract announced today - representing revenue in the order of GBP40m per annum for Ricardo from 2016 onwards - is the largest new order in almost a century of Ricardo history and the most substantial single procurement ever made by McLaren Automotive.

[grindertrader] 14/11/2013 09:48

Hi this is another quiet board which is always a good sign of a 'boring' company doing well and share price increasing relatively unnoticed. Digital Look forecasting pre-tax profits to be around 24.5m (year end June 14) an increase of around 16% from the previous year. The company I see has net cash, no debt problems and double digit return on Capital this all seems to be a nice stable company to invest in. Free Cashflow per share is also around EPS, all a good sign!

Nice Interim management Statement Today, with continued orders in the pipeline, I have decided to enter today on the small retrace.

Dave Shemmans, Chief Executive Officer, commented: "The strong order intake of the summer months has continued and we have a good number of large multi-year projects being bid. Performance Products is performing well and Technical Consulting is continuing to win new business, particularly in Asia, although the US and continental Europe order intake remains subdued by our historic standards. This emphasises the benefit of our strategy to be well diversified by sector, geography and product.

With the good order book and pipeline within both Technical Consulting and Performance Products, we remain confident of continued progress in the half year."

GLA

[gazza12] 28/10/2013 12:31

profit taking? 560-570 could be where its heading before moving back up.

[uhound] 28/10/2013 12:30

Anyone know why the big drop in the share price Friday and today?

[minimal] 24/10/2013 15:37

Would everyone refrain from commenting then please!

[bareknee] 24/10/2013 13:55

I think you do your research and, if you then see all is relatively quiet on the bulletin boards, then you know that if your research pays off, then you'll have invested before the masses.

If a quiet board turns into a noisy board it quite often means that it's not far off time to take profits

NN

[malcontent] 23/10/2013 08:25

Suppose the question is, how do you spot the quiet boards, since they are, by definition, quiet?

[malcontent] 23/10/2013 08:23

yeah. Quietly does it seems to be the best indicator of performance in my portfolio.....

[bareknee] 22/10/2013 22:19

630p + now.
Nice to see it's as quiet here as it is on ii. Making money on the markets is sometimes best down quietly :)

BB

[dell1234] 03/10/2013 07:56

Two-page article on Ricardo in new issue of Shares today:

[wayneduncan] 01/10/2013 20:04

Ricardo basically going up in a straight line! Where will it stop?!

[lemonjar] 14/9/2013 21:28

I happened to overlook someone editing a press release on Thursday with headline along lines of Ricardo manufacturing motorbikes in China. I think genuine press release on the way. I dont know anything about history of this company, significant sounding move or not so much? (sorry the headline was all i could glean and dont fully remember exactly what it said but deffo a company called Ricardo doing something in china with motorbikes :)

[minimal] 09/9/2013 15:43

Really good results, justifies the increase so far and then some.

[wayneduncan] 09/9/2013 08:49

Fantastic results! Superb Ricardo!

[cfro] 11/8/2013 18:23

The shares have been very quietly ticking up almost daily over the last few weeks but still little attention from any investors.

With brokers forecasting PBT of £24.3M and eps of 38.17p for ye 2014, the shares are only rated on a forward pe of 12.

[cfro] 31/7/2013 13:26

Tipped in the Times last week. Heres a snippet....

"Vehicle design consultant Ricardo's trading update was upbeat, despite disappointing European car industry sales. Activity is picking up in Japan and the US and cash generation is strong. A pe of 11 looks good value."

[interceptor2] 31/7/2013 09:00

Looks like we are in good company, with huge volume on 16th, 17th and 18th July, under accumulation by institutional investors?

ic2...

[cfro] 31/7/2013 08:55

Thanks ic2, i have been buying more recently.

[interceptor2] 31/7/2013 08:11

Arden increased their forecasts yesterday, see below

2013, PBT = £22.50m and EPS = 35.78p
2014, PBT - £24.30m and EPS = 38.17p

ic2...

[interceptor2] 19/7/2013 16:14

Chart looking even more interesting today :o)

ic2...

[interceptor2] 18/7/2013 18:44

Charts look strong now, with a close above 400p on high volume. Tuesday's trading update might have been the catalyst needed to see share price growth resumed imo.

ic2...

[cfro] 17/7/2013 11:57

Nice beckaroo, thanks.

[beckaroo] 16/7/2013 19:18

I don't know why the following is from Utah, but I see Liberum Capital raised their target price from 475p to 500p today

hxxp://utahpeoplespost.com/2013/07/ricardo-plc-given-buy-rating-at-liberum-capital-rcdo/

Ricardo Plc Given "Buy" Rating at Liberum Capital (RCDO)
Posted by Zach Kirkland on Jul 16th, 2013 // No Comments
Ricardo Plc (LON: RCDO)'s stock had its "buy" rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 500 ($7.55) price objective on the stock, up from their previous price objective of GBX 475 ($7.17). Liberum Capital's price target would suggest a potential upside of 30.80% from the company's current price.
Ricardo Plc (LON: RCDO) opened at 394.75 on Tuesday. Ricardo Plc has a 52-week low of GBX 331.609 and a 52-week high of GBX 431.70. The stock's 50-day moving average is currently GBX 374.4. The company's market cap is £203.7 million.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a "buy" rating on shares of Ricardo Plc in a research note to investors on Tuesday. They now have a GBX 465 ($7.02) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a "buy" rating on shares of Ricardo Plc in a research note to investors on Thursday, May 16th. They now have a GBX 435 ($6.57) price target on the stock.
Ricardo plc is engaged in the provision of technical and strategic consulting, and manufacturing, assembly, software sales and related services to industry, commerce and other agencies.

[birdsedgeuk] 16/7/2013 18:59

Decentvtrade update. Im relieved @traderdiarycouk tweeted a buy in too. Might b on right lines on reading ims

[cfro] 16/7/2013 18:22

Also picked some stock up today after the TS. I was quite surprised just how bullish the TS was in actual fact. Miserable chart but hopefully the share price will start a renewed upswing now.

I would like to see further contract win announcements soon to just to re-inforce the renewed vigour of the co.

Good to see investors here of the calibre of Pajele, WJCCG and ic2.