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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ricardo Plc | LSE:RCDO | London | Ordinary Share | GB0007370074 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
9.00 | 2.01% | 457.00 | 450.00 | 457.00 | 452.00 | 447.00 | 449.00 | 87,097 | 16:35:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Vehicle Part,accessory | 446M | -5.4M | -0.0868 | -52.07 | 281.23M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/3/2024 16:31 | £69m boost for Cranfield University 'Hydrogen Hub' & | tenapen | |
17/3/2024 22:17 | Yep seem to be:https://www.perpe | norbert colon | |
17/3/2024 09:08 | Is that a new holding RNS from perpetual? | gemlotte55 | |
13/3/2024 16:35 | As per the trading update and last week's interims there is a few areas of Ricardo that are dragging. But this mornings presentation was broadly positive, | tenapen | |
10/3/2024 06:52 | Time 13 Mar 2024, 09:30 GMT Starts in 3 days Duration 1 hour Meeting Type - Q2 Results Presenters Graham Ritchie - CEO Judith Cottrell - CFO Questions -You must have an account to ask questions. | tenapen | |
08/3/2024 14:42 | https://www.investor | norbert colon | |
08/3/2024 14:29 | With six brokers covering Ricardo - the average price target is c£6. | tenapen | |
06/3/2024 09:31 | Cheers Norbert. | 1968jon | |
06/3/2024 09:10 | Liberum - We make 4 key points:1) The target for FY 27 to more than double underlying operating profit in the 5 years from FY 22 looks possible; 2) The order intake increased 7% to give an order book of £477m, with particular strength at Defense, E&E and Rail; 3) At Emerging A&I, there was a reduction in revenues and small loss in H1, but the FY should be profitable; 4) At Established A&I, there was a £3.5m loss in H1, but we assume that the business now achieves break-even in FY 24 rather than FY25. Maintain BUY and increase our TP from 689p to 725p, although RPS exit implies a valuation of c. 1,000p. | norbert colon | |
06/3/2024 08:25 | Hey Norbert Colon, are you ok to copy and paste some of what Libs said? | 1968jon | |
06/3/2024 07:52 | Liberum up their TP to 725p - just reading their note now. | norbert colon | |
06/3/2024 07:13 | Dividend up %13 A thumbs up from me | tenapen | |
23/2/2024 14:34 | As above posts, I thought the update was positive, but a big player didn't and sold down their holdings. What can we do Interims on March 6 th - Ricardo have been active in updating their website with some good information. Today's update I found very good and worth a glance. | tenapen | |
15/2/2024 22:03 | Thought the recent Trading Update was better than recent share price performance suggested it may be. One thing that irked me though (and they are not the only company) was the reference to the company maintaining its guidance but not saying what the guidance is. Emailed the company outlining this and sounds like they may include numerical guidance on future releases. We'll see.. | rp19 | |
30/1/2024 17:35 | If you look at other consulting biz like RPS, WYG, CSG etc they had lots of adjustments, poor balance sheets and didn't naturally jump out as great investments. Trade buyers looked past that. Yep their defence biz and PP biz now each have a sizeable order book and environmental consulting has ongoing strong tailwinds so there is plenty of potential. Hopefully not too many bumps along the way.... | norbert colon | |
30/1/2024 11:00 | 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. | cerrito | |
25/1/2024 08:56 | You are right dexdringle that no-one is going to pay £10 to take it private when the stock is trading at £4.40. In my head I was thinking even at £10 a buyer could probably make a turn. Who knows what the right EV/EBITDA multiple should be or indeed what the right multiple should be. UK stocks trade on lower multiples than US stocks for a number of reasons. I would argue that below £5bnish there is a double whammy. Ricardo would be value accretive to anyone who can buy it near here and then mark it or have it priced by the market at 13 to 18x which the three companies that Norbert mention above trade at. I am not saying that is what is going to happen but in my experience - admittedly not in engineering - that sort of magic value creation does happen. | 1968jon | |
24/1/2024 19:11 | I for one want Ricardo to stay where it is and the growth will take the valuation higher. We have the trading update on the 1st February, followed by the interims on March 6. It isn't just Ricardo who are undervalued or not depending on your opinion !. Melrose recently spun off Dowlais DWL . A company with many different segments to it like Ricardo. Also like Ricardo it's share price has fallen on a lack of investor appetite. | tenapen | |
24/1/2024 18:43 | There is not a snowball in hell's chance of a PE (or anyone else) coming along and paying £10 a share for this. £6 maybe. £7 at a stretch. | dexdringle | |
24/1/2024 18:01 | That is absolutely fair play Norbert and my return will stop me from being too disappointed! I know PE dudes and a common story peddled that they are all voracious predators is/will be shown to be laughable by this stock. It is there in very plain sight. UK public investors don't care. Under-covered, under-invested and undervalued - my opinion and talking my book obviously. | 1968jon | |
24/1/2024 17:36 | 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. | norbert colon | |
24/1/2024 16:46 | 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. | 1968jon | |
24/1/2024 11:14 | 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. | norbert colon | |
24/1/2024 10:15 | 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? | 1968jon |
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