Ricardo Share Discussion Threads

[broadwood] 25/1/2005 14:36

Good industry figures today? Now we're motoring!!

[tuffbet] 25/1/2005 11:31

Nice follow through today this time its a steady flow of smaller deals which is great .
RCDO is now showing in the ADVFN Chart Alerts as a GAP UP so the chart is backing up the improving fundamentals.
For any new readers of this thread who don't know as much about Ricardo as they feel they should click on the following link for some good background information as well as PDFs of the last two Annual Reports

[diogenesj] 24/1/2005 17:54

Classic chart, I agree, T. Might need some good hard news to carry the rise much further, though.

[tuffbet] 24/1/2005 17:09

DiogenesJ

The chart does look great and I see RCDO is on the ADVFN pricebreakout list for 52 weeks so if you will forgive the pun Ricardo is really beginning to "motor"

[tuffbet] 24/1/2005 17:03

As I suggested last April over on the other Petrolheads thread institutions are beginning to recognize the recovery underway . The two purchases today of 250k + seem to have been done at an average price of 260p so its clearly not easy for institutions to get the stock they want - as I said then they won;t be getting mine until we are way above current levels

[diogenesj] 24/1/2005 16:52

Nice move - could just be chartists buying on the breakout.

[broadwood] 24/1/2005 15:52

Racing ahead again today - can't determine why just yet.

[broadwood] 06/1/2005 11:30

Yes - a genarally encouraging statement.They are definitely sounding more confident - and the Market is beginning to agree.

Motor manufacturers the sector up most today with VW's news. This will help aswell.

[diogenesj] 05/1/2005 13:26

Modestly upbeat trading statement today: expects to beat forecasts for the first half, too early to say they'll beat for the full year (but sounds quite hopeful).

[pictureframe] 15/12/2004 12:18

Buying has been picking up pace, this should move up a bit soon.

[pictureframe] 07/12/2004 11:46

Thanks Gre

Totally agree that next results are pivital to confirm the recovery is still on track. Feb should see this above £3 again as I believe behind the scenes they have won further contracts.

[gre] 07/12/2004 11:30

I've been running my slide rule over RCDO recently and this share has quite a bit going for it at the moment- good growth forecast, healthy cash balances, relatively low gearing (although interest cover is a bit low) and attractive charts. However, despite all these good points, I am personally holding back from investing until we see some positive evidence that everything remains on track.

At the AGM the Chairman said: "We expect to give a clearer update on order visibility at the time of our interims in February 2005, as the OEMs traditionally release their new budgets in the first quarter of the calendar year." I can't see the share price doing much until February given this cautious statement. It could even drift a bit lower over the next couple of months. If however they do manage to hold onto all their contracts for 2005 then the recovery in the share price should begin in earnest.

Just my humble opinion - always dyor.

[pictureframe] 06/12/2004 10:40

More buying today (big buys)

Anyone have a neg view on this ? Would be nice to hear as I am very bullish on this it would be good to have a balanced thread

[pictureframe] 03/12/2004 16:02

This has held its gain well, I was expecting a retrace to £2.00 but its held strong, in fact its rising again (as I type).

Still think next results will see this above £2.50 easy (Late Jan)

[pictureframe] 18/11/2004 09:12

look like an out and out tree shake to me. Another big buy order to fill ?

taken 10p of the bid and only 2p off the offer. Draw you own conclusion

[pictureframe] 17/11/2004 12:12

In this for at least another 1yr unless share price goes crazy.

Nice Divi being paid + company making the right noises regarding turnaround in fortunes. Wasnt that long ago this was almost £4 a share.

Will it get there again who knows but if all is on track its undervalued at this price imho.

Next set of results are most important

[crystalclear] 16/11/2004 17:27

Agreed, but whether the breakout occurs or not is 'fundamentals' - has anything changed - yes, Chinese interest - what's that worth?
For a big company that's bordering on profit/loss it doesn't take much to tip the balance. The China enthusiasm could do that.

[pictureframe] 16/11/2004 16:27

Need to break £2.40 before we can say its a chart breakout

[pictureframe] 16/11/2004 16:08

agreed, still on the move up, the next results will see exactly how far the company has recovered. However the buying continues on a daily basis.

[crystalclear] 13/11/2004 21:56

I think it could be Rover/SAIC.
SAIC wants to be a global player and needs help to design its own cars.
Rover's deals with CamconTec and Antonov show that Rover is on a mission.
Rover's plans to takeover the FSO plant (together with SAIC) also shows how seriously the two are acting in getting things together.
They wouldn't buy a car plant without something to build, and they wouldn't build an old car, it would need to be a new one. New car designs are not trivial, and Rover maybe needs the help of other British experts - cue Ricardo - speculation, but a reasonable explanation for the China links.

Worth watching, to see if it can be confirmed.

[jelfsie] 11/11/2004 11:16

If this is indeed a trend change (on what were actually fairly indifferent results and much "qualification" as to the better outlook on orders), then look for a retest of the 200 EMA at around 200p followed by a strong move up on volume. I remain sceptical, and would look to lighten my position a little on this move (if I had one) but pleased for anyone who has made money in these difficlut markets.

[pictureframe] 11/11/2004 10:26

Heading back to £2.50 imho, chart looking interesting

[pictureframe] 08/11/2004 08:45

Any press coverage ?

That would be a good link up if it is Rover

[crystalclear] 05/11/2004 14:03

Ricardo PLC
05 November 2004

5 November 2004

Ricardo plc
AGM Statement

Ricardo plc is a leading UK independent automotive consultancy, employing over
1,580 people with technical centres in the UK, USA, Germany and the Czech
Republic. The company's client list includes the world's major OEMs. Ricardo is
a constituent of the FTSE techMark 100.

Ricardo plc is holding its Annual General Meeting today at which the Chairman,
Marcus Beresford, will make the following comments:

'Overall, trading in the first 18 weeks of the new financial year has been in
line with our expectations and our view on the outlook remains in line with that
expressed at the time of our preliminary results in September, when we expected
to see a progressively improving performance for the current financial year, in
the absence of any unexpected cancellations.

Our research and development work is continuing to produce practical solutions
to today's challenges - reductions in exhaust emissions, cost effective fuel
economy and the ability of the automobile manufacturers to get new products
quicker to market and at less cost - all continue to provide opportunities.
Ricardo's technical expertise is respected throughout the world and I am
confident that this will remain so.

There is continuing uncertainty in the automotive market. However we are less
reliant on the major US automobile companies than we were. We are continuing to
see a number of business opportunities coming out of the Far East and have
recently secured an order to provide controls & electronics technical consulting
to a domestic Chinese automotive company. This is an important step in the
development of our business in this growing market.

Overall our order prospects are significantly improved compared to this time
last year and at the end of September our order book was up year on year. In
line with previous years, we expect to give a clearer update on order visibility
at the time of our interims in February 2005, as the OEMs traditionally release
their new budgets in the first quarter of the calendar year.

In conclusion, I remain cautiously optimistic that the improving performance we
have been experiencing since the second half of last year will continue in this
new financial year.'

Enquiries:

Ricardo plc Today: 020 7554 1400
Rodney Westhead, Chief Executive Thereafter: 01273 455611
Andrew Goodburn, Finance Director

www.ricardo.com


Gavin Anderson & Company Tel: [phone]
Laura Hickman/Charlotte Stone




Is this the MR Rover - Shanghai Automotive collaberation?

[pictureframe] 05/11/2004 13:24

up and up we go, wouldnt be suprised to see this taken out now. Shareprice at near all time low and market now pickingup for this co. Would make sense to get it whilst it cheap