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RCDO Ricardo Plc

451.00
3.00 (0.67%)
Last Updated: 15:25:28
Delayed by 15 minutes
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
  3.00 0.67% 451.00 450.00 452.00 451.00 447.00 449.00 57,066 15:25:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 446M -5.4M -0.0868 -51.61 278.74M
Ricardo Plc is listed in the Motor Vehicle Part,accessory sector of the London Stock Exchange with ticker RCDO. The last closing price for Ricardo was 448p. Over the last year, Ricardo shares have traded in a share price range of 395.00p to 618.00p.

Ricardo currently has 62,218,280 shares in issue. The market capitalisation of Ricardo is £278.74 million. Ricardo has a price to earnings ratio (PE ratio) of -51.61.

Ricardo Share Discussion Threads

Showing 551 to 575 of 950 messages
Chat Pages: Latest  26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
14/11/2013
09:48
Hi this is another quiet board which is always a good sign of a 'boring' company doing well and share price increasing relatively unnoticed. Digital Look forecasting pre-tax profits to be around 24.5m (year end June 14) an increase of around 16% from the previous year. The company I see has net cash, no debt problems and double digit return on Capital this all seems to be a nice stable company to invest in. Free Cashflow per share is also around EPS, all a good sign!

Nice Interim management Statement Today, with continued orders in the pipeline, I have decided to enter today on the small retrace.

Dave Shemmans, Chief Executive Officer, commented: "The strong order intake of the summer months has continued and we have a good number of large multi-year projects being bid. Performance Products is performing well and Technical Consulting is continuing to win new business, particularly in Asia, although the US and continental Europe order intake remains subdued by our historic standards. This emphasises the benefit of our strategy to be well diversified by sector, geography and product.

With the good order book and pipeline within both Technical Consulting and Performance Products, we remain confident of continued progress in the half year."

GLA

grindertrader
28/10/2013
12:31
profit taking? 560-570 could be where its heading before moving back up.
gazza12
28/10/2013
12:30
Anyone know why the big drop in the share price Friday and today?
uhound
24/10/2013
14:37
Would everyone refrain from commenting then please!
minimal
24/10/2013
12:55
I think you do your research and, if you then see all is relatively quiet on the bulletin boards, then you know that if your research pays off, then you'll have invested before the masses.

If a quiet board turns into a noisy board it quite often means that it's not far off time to take profits

NN

bareknee
23/10/2013
07:25
Suppose the question is, how do you spot the quiet boards, since they are, by definition, quiet?
malcontent
23/10/2013
07:23
yeah. Quietly does it seems to be the best indicator of performance in my portfolio.....
malcontent
22/10/2013
21:19
630p + now.
Nice to see it's as quiet here as it is on ii. Making money on the markets is sometimes best down quietly :)

BB

bareknee
03/10/2013
06:56
Two-page article on Ricardo in new issue of Shares today:
dell1234
01/10/2013
19:04
Ricardo basically going up in a straight line! Where will it stop?!
wayneduncan
14/9/2013
20:28
I happened to overlook someone editing a press release on Thursday with headline along lines of Ricardo manufacturing motorbikes in China. I think genuine press release on the way. I dont know anything about history of this company, significant sounding move or not so much? (sorry the headline was all i could glean and dont fully remember exactly what it said but deffo a company called Ricardo doing something in china with motorbikes :)
lemonjar
09/9/2013
14:43
Really good results, justifies the increase so far and then some.
minimal
09/9/2013
07:49
Fantastic results! Superb Ricardo!
wayneduncan
11/8/2013
17:23
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.

cfro
31/7/2013
12:26
Tipped in the Times last week. Heres a snippet....

"Vehicle design consultant Ricardo's trading update was upbeat, despite disappointing European car industry sales. Activity is picking up in Japan and the US and cash generation is strong. A pe of 11 looks good value."

cfro
31/7/2013
08:00
Looks like we are in good company, with huge volume on 16th, 17th and 18th July, under accumulation by institutional investors?

ic2...

interceptor2
31/7/2013
07:55
Thanks ic2, i have been buying more recently.
cfro
31/7/2013
07:11
Arden increased their forecasts yesterday, see below

2013, PBT = £22.50m and EPS = 35.78p
2014, PBT - £24.30m and EPS = 38.17p

ic2...

interceptor2
19/7/2013
15:14
Chart looking even more interesting today :o)

ic2...

interceptor2
18/7/2013
17:44
Charts look strong now, with a close above 400p on high volume. Tuesday's trading update might have been the catalyst needed to see share price growth resumed imo.

ic2...

interceptor2
17/7/2013
10:57
Nice beckaroo, thanks.
cfro
16/7/2013
18:18
I don't know why the following is from Utah, but I see Liberum Capital raised their target price from 475p to 500p today

hxxp://utahpeoplespost.com/2013/07/ricardo-plc-given-buy-rating-at-liberum-capital-rcdo/

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.com reports. They currently have a GBX 500 ($7.55) price objective on the stock, up from their previous price objective of GBX 475 ($7.17). Liberum Capital's price target would suggest a potential upside of 30.80% from the company's current price.
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.

beckaroo
16/7/2013
17:59
Decentvtrade update. Im relieved @traderdiarycouk tweeted a buy in too. Might b on right lines on reading ims
birdsedgeuk
16/7/2013
17:22
Also picked some stock up today after the TS. I was quite surprised just how bullish the TS was in actual fact. Miserable chart but hopefully the share price will start a renewed upswing now.

I would like to see further contract win announcements soon to just to re-inforce the renewed vigour of the co.

Good to see investors here of the calibre of Pajele, WJCCG and ic2.

cfro
16/7/2013
14:12
As of 10 June, IC and others were pretty bullish on RCDO, I'd say today's update supports their views and September results could finally see us starting to come good. If Europe's motor industry improves, and some think it's at rock bottom, there should be plenty of upside imo.

From IC 10 June 2013:-

Investec Securities says...

Buy. Ricardo is benefiting from a recovery in automotive markets outside Continental Europe and an increasingly well-diversified revenue base. The order book is solid, Ricardo-AEA has performed as expected and management impressed on cash generation again. We forecast full-year underlying pre-tax profit of £20.9m and underlying EPS of 33p, but believe the pre-close update could drive upgrades should current trading conditions prevail through the final weeks of the financial year. Trading at what we view as an unwarranted discount to the broader consulting sub-sector, and with the business trading well, we keep our rating and multiples-derived target price of 465p.



Nomura says...

Buy. Revenue growth in the existing operations is marginally lower than our forecasts, but the resumption of orders from major car manufacturers is a new and positive development for the next financial year. The cash performance is also encouraging ahead of our expectations for £5.3m of net debt at the year-end, and is only partly due to the £3.7m sale and leaseback of the German offices. With the shares trading on a June 2013 PE ratio of around 12, we continue to see Ricardo as cheap and reiterate our buy recommendation and 550p price target.



IC VIEW:
Ricardo has spent a number of years diversifying the business, most recently with the acquisition of AEA, which should generate cross-selling opportunities and more cost savings. Talk of a strong order pipeline and an increasingly confident tone from management is encouraging, too, and implies that the shares, trading on a little over 12 times forward earnings and with upgrades possible, are undervalued. Buy at 410p.

paleje
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