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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
|
|
|---|---|---|---|---|
| 9.00 | 1.96% | 469.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 460.00 | 460.00 | 478.00 | 469.00 | 460.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 24/1/2024 18:01 by 1968jon 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. |
Posted at 23/1/2024 17:58 by tenapen 1st Feb------ Today i got a fact full email News letter from Ricardo. If your not signed up ! It would be worth doing. Also after a drought of website updates the last couple of weeks have been busy. |
Posted at 15/9/2022 19:24 by norbert colon Analyst presentation now on the Group website:hxxps://ricardo.com/ Gives a good overview of the business including their largest ever order book driven by strong tailwinds from Energy/Environmental Less than 20% of sales are now from the cyclical automotive sector and they are planning further divestments. £90m of orders in the first 2 months of this year alone and with organic and planned M&A it’s looking like they should have a strong runway ahead. As noted before, it’s a new holding for me and whilst the CEO is a little dry for my liking, I can see investors doubling their money over a 3-5yr timeframe - sooner if they attract a RPS type bid. |
Posted at 16/8/2022 11:52 by norbert colon Hi Tenapen and other postersI am a new investor to the Group and thought i'd jot down a few points for discussion as i'm a big fan of the engineering/environm Although I've been aware of Ricardo for a few years, for some reason i've never looked at them, probably as they are not a pure-play consultant and hence their profile is somewhat under the radar compared to peers such as RPS, WSP, AECOM, Atkins etc. Having just partially exited from my investment in RPS (built up from 2019 right through to July 2022), I was reminded by another investor of RCDO and duly watched the CMD presentation from May and came away suitably impressed enough to make an initial investment. I assume other investors are aware of the considerable M&A activity in this sector over the last 10-20 years with RPS alone having made 85 acquisitions over this period with larger peers such as WSP and TetraTech being equally as acquisitive. Listed consultants who have succumb to M&A include WSP, Atkins, WYG, Sweett Group, Hyder, RPS and Waterman. Private deals are considerable more numerous. Liberum recently produced a note (02/08/2022) including a peer group comparison table showing the disparity between the valuations of RPS and RCDO against their (admittedly larger) peers. RPS has since been acquired for just over 1 x sales (PE25) and this multiple is inline with other deals i've tracked. ERM acquired KKR in 2021 for 3.75 x sales but this is an outlier in valuation. With the new Group strategy defined with a clear focus on the E&E sector which is facing some fantastic tailwinds, the current valuation of RCDO of 0.75 x sales (PE12) seems anomalous and whether we see M&A activity or not, I have an initial 600p+ valuation on the Group and look forward to the results in Sep followed by the AGM in November where hopefully some other investors will also be in attendance! |
Posted at 26/5/2022 08:10 by tenapen Ricardo plc, a global strategic, environmental and engineering consulting company, will today host its Capital Markets Day for analysts and investors at 14:30 BST in London. The event, which is also available to join virtually, will be hosted by Graham Ritchie, CEO of Ricardo, and will include presentations from the Ricardo executive team. |
Posted at 28/2/2019 09:37 by pireric Quite. Still, can't see many reasons for investors to sell at these levels but reasons to buy. The software contract with Southern water sounds interesting |
Posted at 13/1/2017 11:46 by galashiels "Our mission at Ricardo is a simple one: to play a major part in solving the world's big issues around transportation, pollution, climate change and the efficient use of scarce resources such as oil and water."Really? Do any of the retail investors understand this companies business model? Their main source of income seems to be "Consulting" Division. I am trying to understand this company but unless "Consulting" means pulling chains for clients, I don't get it. Do you? I understand that they sit on grant making panels, they vote to give grants to companies so do they get hired to influence the vote in favor of their clients? And if so, is this the business model? If it is, then it seems it could be an illegal business model. Your views please. |
Posted at 11/8/2013 18:23 by cfro 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. |
Posted at 31/7/2013 09:00 by interceptor2 Looks like we are in good company, with huge volume on 16th, 17th and 18th July, under accumulation by institutional investors?ic2... |
Posted at 16/7/2013 19:18 by beckaroo I don't know why the following is from Utah, but I see Liberum Capital raised their target price from 475p to 500p todayhxxp://utahpeoplespo 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. 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. |
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