Ricardo Share Discussion Threads

[hatfullofsky] 21/2/2019 19:10

Has the Honda news spooked a few? Price performance is not looking good for the results.

[kemche] 15/2/2019 12:06

Taken a smidge for a trade.

[ldiv] 08/2/2019 17:34

I am calling the bottom. This has fallen too far too fast. Growth will be slow this year but Ricardo has been around for decades. High performance products and software nicely growing but consulting slower at the moment.

[hatfullofsky] 08/2/2019 12:59

Bought in today, will add more if results are good. Can't see much downside.

UK / US Automotive pain and new entrants to the EV market hitting RCDO

".... together with the opportunity for new entrants to move into the electrified market without the traditional OEMs' burden of historic capital invested in combustion engine technology, have created a very unsettled backdrop to the automotive sector.

[insideryou] 17/1/2019 15:46

Now we know.... 50.000sale caused the big drop.

[volsung] 03/1/2019 09:06

I am calling the bottom- Fernando. Thats a nice name

[insideryou] 24/10/2018 08:03

Relentless fall on zero volume. What an odd situation.

[meijiman] 21/8/2018 13:45

Many thanks for that resume of the current situation.

[dab26] 21/8/2018 12:59

Downgraded expectations I think. I have no doubt it was these comments from the July trading update that did the damage:

"Despite the good order intake overall, and the increased revenue, we expect underlying profit before tax for the year ended 30 June 2018 to be towards the lower end of the range of analyst forecasts.1 This is mainly due to reduced performance within our EMEA Automotive business following the low level of UK orders in the second half of the year together with some difficult projects which were delivered in the year. Actions have been taken to improve project delivery in the future and in June we saw orders for the EMEA business overall recover to a good level. In addition, our Energy and Environment business recruited in anticipation of a higher level of growth in orders than the level of growth actually achieved."

If you have a Stockopedia subscription, you can see the consequences in the RCDO 'Broker Consensus Trend' graph.

Should these issues turn out to indeed be temporary, then I'd expect to see the price-action turn more positive again. Here's hoping...

[meijiman] 21/8/2018 12:15

I've been looking at these. What has changed since they were 1100p. Is the issue to do with currency or downgraded expectations.?

[malcontent] 21/8/2018 11:22

getting close to my buying price...

[insideryou] 10/8/2018 10:28

Death by a 1000 cuts. Very unloved this.

[malcontent] 01/8/2018 13:52

I have ISA held these for 6 years
Wish I had traded some as good gains to be had on top of a core holding
If it follows the longterm chart trend, then it's a
BUY at 730p
the SELL at 1150

OK I'll set a buy target and see if I can put my money where my mouth is

I'm a happy holder in my ISA for the longer term still

[insideryou] 25/7/2018 08:08

As I said. too easy.

[insideryou] 25/7/2018 07:49

Any report that says, BUT, with profits at the lower end, will often be the trigger for an easy short attack. We shall see.

[palmermpz] 25/7/2018 07:32

Solid numbers overall with good growth in revenues. UK lower but the company shows the benefit of a well diversified business.

[4noddy] 24/7/2018 13:58

Ricardo in the news:

Ricardo developed a new 48V e-motor offering up to a 50% increase in power density compared with current production machines
17 July 2018
GreenCarCongress

As part of its contribution to a recently completed major European research initiative to achieve more efficient and cost-effective hybrid powertrains for both passenger cars and commercial vehicles, Ricardo developed a new 48V e-motor offering up to a 50% increase in power density compared with current production machines.

Ricardo designed the new 48V e-motor and accompanying inverter to incorporate the latest thinking in high-performance, low-cost electrification, which aims to extend the performance of 48V hybrids to offer a more attractive and affordable solution in comparison with today’s higher-voltage hybrid cars.

Ecochamps-motor-and-inverter_730

The design and testing of this new Ricardo 48V e-motor and inverter was carried out as a part of the company’s contribution to the European COmpetitiveness in Commercial Hybrid and AutoMotive PowertrainS (ECOCHAMPS) project.

Ricardo was one of 25 collaborating EU commercial and academic partners on this project, the focus of which was to achieve both a 20% powertrain efficiency improvement and a 20% reduction in weight and in volume in comparison with baseline the best-in-class full hybrid vehicles on the market at the start of the project.

In doing so, the aim was for a cost premium of no more than 10% over equivalent conventional products-considerably less than the additional cost of current hybrid architectures.

The ECOCHAMPS project-which was recently completed-focused on the hybridization requirements of a range of vehicles from ‘C’ and ‘B’ class passenger cars, to light delivery trucks, city buses, and long haul heavy-duty trucks. The project delivered five demonstrator vehicles-one for each of these categories-in order to demonstrate and validate the full benefits approach taken in creating low-cost hybrid powertrains. The demonstrators are:

Class B Demonstrator: Fiat 500X
Class C Demonstrator: Renault Megane
Medium-Duty Demonstrator: IVECO Daily PHEV
City Bus Demonstrator: MAN
Heavy Tractor Demonstrator: DAF XF

In addition to broadly achieving the targets set for all five vehicle classes, the ECOCHAMPS vehicles demonstrated their constituent technologies up to a Technology Readiness Level of 7.

Testing as part of the ECOCHAMPS project was carried out at Ricardo facilities in Cambridge and Shoreham-by-Sea on three prototype units built for the project by Ricardo. Results of this work are expected to be published and presented at the IEEE ECCE at Portland, Oregon in September 2018.

This marks the start of a series of presentations being made on the results of the ECOCHAMPS project in China, Japan, USA, EU, India and the UK.

[la forge] 22/1/2018 11:58

Ricardo to manufacture electric vehicle batteries
Posted on 22 Jan 2018 by Marc Hauschild

The completion of a EV sports car battery manufacturing concept programme is a milestone in Ricardo's aim to become niche battery manufacturer for high performance hybrids and EVs.
Much of the company’s work is still engine-related, but it has diversified into technical and environmental consultancy, software development and niche manufacturing – image courtesy of Ricardo.
The completion of a electric vehicle batteries programme is a milestone in the company’s aim to become a niche battery manufacturer – image courtesy of Ricardo.

The work of Ricardo’s ‘Performance Products’ division in high performance automotive battery systems builds upon its longstanding reputation for advanced manufacturing and assembly skills and processes.

The project is developed through the company’s activities in the production of engines, transmissions and driveline systems.

In the first phase of the project recently completed, Ricardo’s manufacturing specialists worked in partnership with the company’s hybrid and electric systems engineering group.

The groups were developing an assembly and manufacturing process for an innovative battery pack based on the exacting requirements of the vehicle OEM.
Capability of delivering fully assembled batteries

In addition, a global supply chain has been established that will ultimately be capable of delivering fully assembled and tested battery systems in annual production quantities ranging from hundreds up to multiple thousands.

Ricardo performance products managing director Mark Barge said: “Ricardo has an already well-established capability in the design and engineering of electric and hybrid vehicle battery packs and management systems.

“As such, it makes complete sense for us to provide a turn-key service – including battery pack manufacture – for performance electric vehicles, in the same way that we manufacture high performance engines, transmissions and drivelines for premium and motorsport applications powered by combustion engines.

“Ricardo has a proven capability in the establishment of complex and high-quality supply chains for high-value, small to medium volume high performance products.

“The project just completed is a further demonstration of Ricardo’s aim to become both the engineering and manufacturing partner of choice for the niche battery systems of high performance EVs and hybrids.”

[toby tots] 15/9/2017 09:15

Tipped in the Times today!

[supernumerary] 14/9/2017 16:37

Brave and wise, it seems...

[martinthebrave] 22/8/2017 11:36

Just bought a few at 705p. Always thought this was a high quality company but until recently I didn't like the price. Results 14th Sept.

[galashiels] 13/1/2017 11:57

To be on a government grant (State Aid) making panel means that Ricardo functions as a Public Authority, this means that it is potentially legally liable under the Human Rights Act 1998 for any decisions that may infringe citizens convention rights, this is a very high risk game.

It seems Ricardo's "niche" market is putting client in better financial position through government aid, if this is what this company thrives on then it is a matter of time before it all comes crashing down because the business model seems to be based on politics rather than trade?

[galashiels] 13/1/2017 11:46

"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.

[meijiman] 17/10/2016 17:30

I like the time gap! This is a high quality company. I've looked at it several times with a view to buying but have not yet done so. would certainly buy on weakness.