Where are the massive director buys ? |
Australia
Cont...
E3 Advisory forms part of the next chapter for Ricardo and plays a pivotal role in transforming our business to create a leading position in environmental and energy solutions. E3 Advisory brings value-added strategic advisory capability to the Group’s integrated global solutions offering, whilst also accelerating our commercial and operational scale in energy, water and transport in Australia, and more widely across the APAC region.
We are delighted to welcome E3 Advisory to the Ricardo team”, said Graham Ritchie, Ricardo Group CEO. |
Post 347 - well said indiestu.
Look East for growth - rcdo and the UK |
https://www.cnbc.com/2025/02/13/defense-stocks-drop-after-trump-says-defense-spending-could-be-halved.html |
What are the chances of someone bidding £3 a share to put this dog out of its misery ? |
Margins may have been a factor alongside choosing to sell a business division rather than take on debt to fund what they consider their biggest future growth market. Likely they were carefully monitoring the US elections and felt a timely exit was correct considering the likelihood of a Trump administration winning. Ricardo are engineers, they deal with statistics, probabilities and risk. They have been proved correct. Trump has shown himself as a communist after opening peace discussions over Ukraine directly with Putin and without consultation with Ukraine. Meanwhile Putin lands in an explosive drone on Chernobyl sarcophagus 4. It's sick. Who could possibly want anything to do with the US right now. |
Indiestu,
Didn't they sell defense due to low margins ?
I agree with your sentiment re renewables but I would add it will be an energy mix going forward as net zero is not achievable ...yet |
It seems like Ricardo got out of the US defence market in the nick of time. That's great foresight by the board. Ricardo are now Europe and East focused and positioning in a growing market. Nothing is going to stop the energy transition in the world minus the US. Why? We (rest of world minus US) don't have a reliable and secure source of fossil fuels. We need to make our own way and that can only be solved with renewable energy and storage. Sentiment is very depressed here but patience will play out. It's not ESG. It's the new world model for energy supply. Clearly the world is laughing at Trump after only a couple of weeks. It's boom time for Europe. |
We are back at the June 1998 price which was 217p |
Hard to believe that these were £10 a share 7 years ago. |
Website updated; |
 From Sept 2024
'Trading summary
Overall, Ricardo has performed in line with the board's expectations in FY 2023/24, with a strong improvement in underlying operating profit in the second half. Revenue was £474.7m, an increase of 7% on the prior period on a continuing basis, excluding the results of Ricardo Software which was sold in the prior year (9% on a constant-currency basis). Underlying operating profit was £38.8m and underlying profit before tax was £30.5m, representing growth of 14% and 9% on the prior period respectively on a continuing basis (17% and 13% on a constant-currency basis).
FY 2023/24 saw a strong recovery in profit in the second half, with improved operational efficiencies following the acceleration of our operating model transformation, which saw us centralise enabling functions and increase our use of flexible resources. Order intake for the Group was £496.1m, down 5% on the prior year's record order intake (down 3% on a constant currency basis). This primarily reflects the new programme wins in the prior year in Performance Products and the delay of large orders in our Automotive & Industrial (A&I) businesses.' |
musk-ed ---- love it PUGUGLY.
rcdo and the UK government should look East for growth. Leave the yanks to themselves, we won't get any change from trump, he wants every penny. |
Possibly now perceived as too ESG (imo) to even attract an American bid - Trump does not like ESG and so any possible bidder would probably not wish to upset Trump - If they did they might be Musk-ed!! |
hTTps://en.m.wikipedia.org/wiki/Northern_TrustIn good hands. |
I was a bit confused with Aberforth going from 5.76% to 11.12% given that the last AR says they had at June 30 24 they had 8.17% and I cannot find the RNS saying they went down to 5.76%. |
Management need to consider their positions here, halving in value in last few weeks suggest total collapse in confidence, staff redundancy notices should be sent out to cut the workforce considerably. Unsustainable business model! |
Lowest level in fifteen years, what an unmitigated disaster, Ritchie and Clare pair of morons, absolutely disgraceful performance. |
Ennismore Fund Management still reducing their short yesterday I see down 0.33%. |
Either incredibly oversold or priced for failure. |
1968jon,
Wise words ! Does seem 220 is a price that is accetable to pay for some parties, shorts or accumulators. |
Yes auson1, 1% increments from 3%. They would have to announce going below 4 and 3. |
1968jon,
I follow your logic, is 3% below notifiable threshold in this market ? |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
