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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
|
|
|---|---|---|---|---|
| 11.00 | 5.16% | 224.00 | 15:01:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 211.00 | 211.00 | 229.00 | 213.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 11/09/2024 | Final | GBP | 0.089 | 31/10/2024 | 01/11/2024 | 22/11/2024 |
| 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 |
| Top Posts |
|---|
Posted at 16/12/2024 09:35 by indiestu E3 is growing revenues at 15% yoy with strong cash flow, healthy margins and a non capital intensive model. The strategy shift will move the entire group towards this earnings profile in a sector that is on fire. The synergy of the acquisition is clear, this is merely the first of many bolt ons for Ricardo who are hungry to be a leader in this sector. Ricardo is moving from a dividend model to a growth model as it establishes a global footprint in the industry. Note the geographical location, this is a foot in the door to the friendly Asian nations. Good work BOD. |
Posted at 06/12/2024 16:00 by indiestu Interesting comments Jon. Regarding liquidity, it is pitiful. Maybe folk don't sell their Ricardo shares due to the reliable dividend. It's hard to shake people out. My purchase early afternoon was honoured by my broker but not entered on the book. What does this mean? They didn't have an option on the shares to sell me and intend to square it up later. Liquidity is getting very tight. |
Posted at 06/12/2024 11:12 by kinbasket "Regarding Gresham House and a takeover plan. Gresham are wholly owned by Searchlight Capital. If Searchlight are interested in a takeover of Ricardo, Gresham need to declare their position as a concert party. I don't see any legal reason to prevent Gresham House from casting their voting rights in favour of a Searchlight offer."This is serious straw clutching. If this were the case it would suggest Gresham has been buying with fund holder money whilst being aware Searchlight want the company. Which is insider trading to say the least and it's with other peoples money. Chinese walls prevent any of the activity you suggest. Greshams funds being invested in RCDO should be viewed as no more complicated than that. It's a investment they like. On the other hand, a separate PE approach seems highly likely to me. Like all small UK tech/engineering companies, it's undervalued. |
Posted at 05/12/2024 17:43 by indiestu Jon. Covering the dividend on a 2 percent short was not cheap but I'm not really talking about the cost of the short. I'm wondering how they intend to cover a 2 percent short if there is news that attracts buyers. We are expecting imminent news of the digital product launch which could leave them in a bind. Unless they have a calculated exit strategy of course. |
Posted at 05/12/2024 15:11 by indiestu I have been thinking why Ennismore Fund Management built a near 2% short position in Ricardo in the second half of October this year. It was this short selling that killed the rally off the October lows.I don't remember a hedge fund taking a short position in Ricardo before. Considering they have the same information as we do it seems unusual to short a healthy, profitable, dividend paying UK small cap. Ricardo is fairly illiquid and the price can move quickly on light volume, not to mention the looming possibility of a takeover. It appears a very dangerous move unless you have an escape route prepared. Gresham House were building their position as Ennismore were shorting. Coincidence? Aviva have notified they are below 3 percent, we will not hear any more from them as they have no further duty to report changes but we can assume, if they have gone under 3 percent they are completely out or intending to be. So who is right on the future of Ricardo? Is a takeover brewing or have I missed something in the fundamentals and future strategy that indicates trouble ahead? |
Posted at 21/10/2024 08:44 by jaynesdad Begs the question 1968jon, why doesn't anyone take over RCDO and sell the pieces then? I don't see anyone queuing up to do so. I also have an irrational fondness for RCDO but my passion is waning. |
Posted at 21/10/2024 07:53 by 1968jon My initial thoughts....Strangely garbled might sell, might not language of the RNS - did it need an RNS. I have an irrational fondness for Ricardo and think it is hilariously undervalued, so consider this as extremely biased thinking. RCDO trades on less than 6x forward EV/EBITDA for 2025. It has a ragtag bag of divisions that may/would be valued higher outside RCDO - never mind the multiples that other consultancies get. The ragtag nature in my opinion is a cause of its low rating Military and defence companies, varying by geography are trading publicly or transacting privately at just North of 10x and probably trending higher. So potentially a decent trade for RCDO. Problem is, if you sell part of the P&L at 10+x to reinvest in something that will be marked back down to 5.5x you have a problem. I have absolutely no doubt that if someone took RCDO out they could sell all the pieces at a nice turn. I know that RCDO know this as well. |
Posted at 13/9/2024 16:43 by waldron Ricardo (RCDO) Share Forecast & Price TargetSee the Price Targets and Ratings of: All Analysts RCDO Analyst Ratings Moderate Buy 1Ratings 1 Buy 0 Hold 0 Sell Based on 1 analysts giving stock ratings to Ricardo in the past 3 months RCDO Stock 12 Month Forecast 650.00p ▲(35.14% Upside) Based on 1 Wall Street analysts offering 12 month price targets for Ricardo in the last 3 months. The average price target is 650.00p with a high forecast of 650.00p and a low forecast of 650.00p. The average price target represents a 35.14% change from the last price of 481.00p. TIPRANKS |
Posted at 13/9/2024 16:24 by waldron Latest DividendsSummary Previous dividend Next dividend Status Paid Declared Type Interim Final Per share 3.8p 8.9p Declaration date 06 Mar 2024 (Wed) 11 Sep 2024 (Wed) Ex-div date 14 Mar 2024 (Thu) 31 Oct 2024 (Thu) Pay date 11 Apr 2024 (Thu) 22 Nov 2024 (Fri) |
Posted at 13/9/2024 16:18 by waldron DividendAs set out in more detail in Note 6, the board has declared a final dividend of 8.9p per share (FY 2022/23: 8.61p). The dividend will be paid gross on 22 November 2024 to holders of ordinary shares on the Company's register of members on 1 November 2024. Goodwill At 30 June 2024, the Group had total goodwill of £96.0m (FY 2022/23: £96.1m). The carrying value of goodwill is fully supported by the recoverable amounts for all cash-generating units. Net debt and banking facilities Net debt at 30 June 2024 comprised cash and cash equivalents, net of any restricted cash, of £47.3m (FY 2022/23: £49.8m), and borrowing and overdrafts, including hire purchase liabilities and net of capitalised debt issuance costs, of £106.9m (FY 2022/23: £111.9m). The Group funds its operations via a Revolving Credit Facility (RCF) of £150m, with a £50m uncommitted accordion, which provides funding through to August 2026, alongside the Group's uncommitted overdraft facilities of £16.1m. At 30 June 2024, the amount undrawn on the RCF was £47.0m. This, together with the net cash held (net of utilised overdraft) of £43.0m, and £16.1m of unutilised overdraft facilities, provided the Group with total cash and liquidity of £106.1m. The Group's Adjusted Leverage ratio (defined as net debt over EBITDA for the last 12 months, excluding the impact of specific adjusting items and IFRS 16 Leases) was 1.25 x as at 30 June 2024. The Adjusted Leverage covenant is a maximum of 3.0x. The Interest Cover ratio (defined as EBITDA for the last 12 months, excluding the impact of specific adjusting items and IFRS 16, over net finance costs), was 5.86x at 30 June 2024. The Interest Cover covenant limit is a minimum of 4.0x. Further details are provided in Note 8. Foreign exchange On consolidation, revenue and costs are translated at the average exchange rates for the year. The Group is exposed to movements in the Pound Sterling exchange rate, principally from work carried out with clients that transact in Euros, US Dollars, Australian Dollars and Chinese Renminbi. Had the prior year results been translated at current year exchange rates, revenue from continuing operations would have been £10.1m (2.3%) lower, underlying operating profit would have been £0.8m (2.3%) lower and underlying profit before tax would have been £0.8m (2.9%) lower. Pensions The Group's defined benefit pension scheme operates within the UK. The fair value of the scheme's assets at the end of the year was £105.4m (FY 2022/23: £104.6m) and the present value of the scheme's obligations was £97.4m (FY 2022/23: £92.0m). The pre-tax surplus, measured in accordance with IAS 19, at 30 June 2024 was £8.0m (FY 2022/23: £12.6m). This is predominantly due to the experience loss from incorporating the census data from the 5 April 2023 statutory funding valuation into the IAS19 liability calculations compared to the roll forward of the IAS19 liabilities from the Prior Year End, which were themselves rolled forward from the 5 April 2020 census data. The discount rate also reduced during the year, partly due to the impact of moving to the expanded dataset version of the Mercer Yield Curve, which resulted in an increase in the liabilities. Ricardo paid £0.8m of cash contributions into the scheme during the year (FY 2022/23: £1.8m), with the final payment of £0.2m made on 1 November 2023. Looking forward Ricardo is gaining good momentum to deliver its five-year strategic plan communicated in May 2022. We enter the new fiscal year with a similar order book level to the record one we achieved last year, and, through our solid pipeline visibility, we have good confidence in performance as we enter FY 2024/25. With our expertise in environmental and energy transition, there is a real opportunity for us to do even more in supporting governments and the private sector in delivering a net zero pathway for future generations. We also know that for us to be a pivotal part of change, we have to continue to grow and improve our business. By doing so, we can extend our reach, supporting even more clients and ensuring that our teams across the world continue to deliver meaningful work, knowing that the projects are delivering maximum impact. The more we can do to accelerate our transformation, the more value we can create for all our stakeholders |
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