We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ricardo Plc | RCDO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.00 | 0.50% | 406.00 | 16:28:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 404.00 | 400.00 | 408.00 | 406.00 | 404.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 20/11/2024 20:10 by tenapen We had the results October 11th followed by an Investor Meets presentation a week or so later. No mention of the proposed sale. Circa six weeks later they issue the proposed sale RNS. Four weeks on and silence. It must be Me !.As for the share price - I have my holding no more and no less - see where the future takes me. |
Posted at 20/11/2024 19:51 by norbert colon Why is it hard to fathom? When they set out their strategy a couple of years ago it was to move away from capex heavy / low margin work (and I'd imagine they would like to have less manufacturing (if any) to make them a more pure-play consultant / advisory biz.Whilst defense margins (currently) aren't small, the planned divestment aligns with those strategy and so it shouldn't be a surprise - at least not too investors who've been here more than 2 yrs.The current buoyant defense market would seem to be a good backdrop into which to sell their defense biz and if it's going through a competitive process it won't happen overnight.That's said, I'm equally as frustrated as anyone re: the valuation. |
Posted at 21/10/2024 07:52 by indiestu The RNS appears to imply that an acquisition target has already been identified. Likely a buyer is already engaged for the defence business but no price agreed. This announcement brings it into the public domain and opens the bidding to all. The acquisition is expected to be earnings accretive. Good news. This could all be done quickly if Ricardo have a target they don't want to let slip away. For sure the management have put significant thought into this. It aligns completely with the strategy Ricardo has been communicating to shareholders for some time. For me it's an exciting time to be an investor here. |
Posted at 15/10/2024 12:59 by indiestu I watched the launch of the Tesla Cyber Taxi last week. I was surprised with Elon's confidence that the vehicle will be sold for under $30k. It got me thinking about the next EV super cycle, the theory being the cycle will be driven by a reduction in the on the road cost of an EV to the same level as an ICE vehicle. This cost reduction will be realised from maturing technologies, engineering simplification and economies of scale. The choice between EV and ICE becomes a no brainer if the OTR price is similar.Considering the above and the recent price drop I reviewed my investment case in Ricardo. The energy consulting and imminent digital offerings could be the biggest growth driver for the future. Riccardo is also positioned to ride the next wave in EV growth considering their technical ability, and the products and services they offer in this field. Ricardo is evolving as a company, For me it is slightly confusing where the focus is today. Ricardo may attract more investors and perform better in the market if the traditional side of the business and the energy transition business were separated. Invest in the traditional business for dividends and the energy transition business for growth. My conclusion and actions were to increase my stake in Ricardo to catch the next EV growth cycle whilst carefully watching to understand if the energy transition side of the business is working and not adversely affecting the focus on the traditional business. In parallel Open a long position in BorgWarner as a pure EV next growth cycle play. |
Posted at 01/10/2024 14:24 by 1968jon I may be wrong, and I used to do what compliance told me to do, rather then being the head of compliance at an FCA regulated firm, but I reckon this would be a massive regulatory headache - more likely, a straight up no-no.Let us assume Searchlight have no exposure at the moment - if they were to engage with the board at any point they may very well have to demonstrate at what point they started work on a proposed deal and that there had been no info leakage to Gresham when Gresham bought shares - that's front-running. Though Gresham have the voting rights on the stock, the money has been put up by other investors. Whatever price Searchlight might propose for a transaction, it would be easy to accuse Gresham of accepting too low a price. That is a conflict of interest. It is Gresham's stake and they are not allowed to act in concert with anyone else to influence the stock-price or ownership. Searchlight are pros - in my opinion if they wanted to take private a listed company they would do it in their own name - and buying an alternative asset manager as a front is not the way these things tend to work. It seems to me - though I'd love to see a contra-example - that the level of regulatory scrutiny and aggravation that I think that this would involve would preclude Searchlight from buying anything that Gresham had a significant holding in. |
Posted at 01/10/2024 12:52 by indiestu Thanks Jon. Gresham House hold Ricardo in their smaller companies portfolio. Gresham House has voting rights over 20 percent of Ricardo. The individual investors in the portfolio will have no voting rights over the shares. Do you know of any legal reason that would prevent Searchlight from making an offer for the remaining 80 percent or preventing Gresham House voting in favour of a takeover in the best interests of their customers? |
Posted at 17/9/2024 18:44 by tenapen Hi indiestu, allI watched the Investor meets presentation and I will watch again to fill in the gaps where my concentration wondered. It all seemed a bit flat ! Where they are winning on the swings they are loosing on the roundabout s.... ain't that the case with a balanced portfolio ?.... In my experience anyway. The dividend has a small increase so I'll take it with a smile and keep holding for the long-term. Regards |
Posted at 15/9/2024 04:18 by tenapen Thanks waldron,I'm also looking forward to Tuesday's investor meets event. I will hear most of it as I leave work, but they offer a listen again service also. Best wishes. |
Posted at 14/9/2024 07:02 by misca2 CDP scoreC Does anyone one know whether the companys clean credentials have improved anyone for an A or B FAQ: What is a CDP score? A CDP score is a rating system used by the CDP, you previously may have known them as the Carbon Disclosure Project. The CDP assess the performance of a diverse range of companies and cities looking specifically at how they manage their environmental impact, which includes their greenhouse gas (GHG) emissions. A CDP score is used by companies, investors and governments to understand and compare their environmental impact. A CDP score reflects the level of transparency, action and progress an organisation is taking to reduce their GHG emissions, and is scored from A (the highest score) to D- (the lowest score). If an organisation’s CDP score is high (A the highest score), it demonstrates dedication and commitment to lowering GHG emissions and their overall environmental impact, ensuring that they are moving towards a more sustainable future. |
Posted at 14/9/2024 04:15 by waldron Perjhaps direction will become clearer after the INVESTORS MEETING and once DIVIS available for potential REININVESTMENTGOOD LUCK ALL CHUCKLE AND CHEERS |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
