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RCDO Ricardo Plc

437.00
-2.00 (-0.46%)
04 Oct 2024 - Closed
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 Shares Traded Last Trade
  -2.00 -0.46% 437.00 43,517 16:35:18
Bid Price Offer Price High Price Low Price Open Price
435.00 439.00 447.00 435.00 442.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 446M -5.4M -0.0868 -50.46 273.14M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:45 O 2,000 437.00 GBX

Ricardo (RCDO) Latest News

Ricardo (RCDO) Discussions and Chat

Ricardo (RCDO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-04 15:37:46437.002,0008,740.00O
2024-10-04 15:35:18437.007,67433,535.38UT
2024-10-04 15:23:00438.0087381.06AT
2024-10-04 15:22:59439.002511,101.89AT
2024-10-04 15:22:57440.002088.00AT

Ricardo (RCDO) Top Chat Posts

Top Posts
Posted at 05/10/2024 09:20 by Ricardo Daily Update
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 439p.
Ricardo currently has 62,218,280 shares in issue. The market capitalisation of Ricardo is £272,516,066.
Ricardo has a price to earnings ratio (PE ratio) of -50.46.
This morning RCDO shares opened at 442p
Posted at 01/10/2024 15:24 by 1968jon
I may be wrong, and I used to do what compliance told me to do, rather then being the head of compliance at an FCA regulated firm, but I reckon this would be a massive regulatory headache - more likely, a straight up no-no.

Let us assume Searchlight have no exposure at the moment - if they were to engage with the board at any point they may very well have to demonstrate at what point they started work on a proposed deal and that there had been no info leakage to Gresham when Gresham bought shares - that's front-running.

Though Gresham have the voting rights on the stock, the money has been put up by other investors. Whatever price Searchlight might propose for a transaction, it would be easy to accuse Gresham of accepting too low a price. That is a conflict of interest.

It is Gresham's stake and they are not allowed to act in concert with anyone else to influence the stock-price or ownership.

Searchlight are pros - in my opinion if they wanted to take private a listed company they would do it in their own name - and buying an alternative asset manager as a front is not the way these things tend to work.

It seems to me - though I'd love to see a contra-example - that the level of regulatory scrutiny and aggravation that I think that this would involve would preclude Searchlight from buying anything that Gresham had a significant holding in.
Posted at 01/10/2024 13:05 by 1968jon
I think it would be very difficult for any combination of Searchlight and Gresham House to make a bid. The Chinese walls between them would need to be very high indeed given that they manage money for different clients and the textbook case of conflicts of interest that would entail. Actually, I would be surprised if Searchlight could buy anything in which Gresham had a significant interest.

I am amazed RCDO hasn't been approached by others though.
Posted at 20/9/2024 11:50 by indiestu
During the 7 days retrace following results 500,000 shares changed hands at auction. This morning by 11 am 1,500,000 shares have changed hands. Either these trades were a seller bailing and have just been printed in which case it could have a further to drop. Or, as is my hope a major player has decided this is a good price to enter or up their stake. Historical volumes of this magnitude have generally resulted in a rally. Lets hope for a positive holdings RNS on Monday and another regarding the digital product launch before the end of this month. Fingers crossed this drop after results was a good old tree shake.

Have a great weekend Ten and all
Posted at 18/9/2024 09:54 by indiestu
I enjoyed the presentation. Exactly what you would expect from an Engineering business. Clear and concise, no fluff, just facts and figures. Super professional as always.

Slides 21-22 discussed Ricardo's digital product launch for electricity price modelling. This is on target to launch in the Greek market in September with Europe to follow. The size of the addressable market and opportunity here is mind blowing, Ricardo have projected a 10% CAGR in this division. My guess is they have no real way of projecting success here so the 10% figure has been plucked out of thin air. Considering the size of the potential market, growth could spectacularly surprise to the upside. It will be an interesting few months going forward as we learn how the digital roll out is progressing and of the revenues it may begin to generate.

There was a comment relating to the water business and how Ricardo are working with owners of data centres to help provide consistent water supply for cooling purposes, another huge addressable market.

Revenues in other division are lumpy and cyclical as they always will be but produce profits to pay the dividend which will support the share price. I do not own Ricardo for the traditional Engineering side of the business but the revenue streams give me confidence in my overall investment.

The closing comments were reassuring - we continue to deliver on our financial commitments and business strategy going forward.

I will hold until it is clear if there is traction or not in the digital product offering.
Posted at 17/9/2024 14:32 by 1968jon
So, no news, a broadly up day for equity markets, rates trending lower and.....RCDO gets whacked 5+%, automatic trades going through on the bid at wide spreads...hopeless
Posted at 14/9/2024 05:02 by waldron
Highlights: Ricardo plc

With regards to fundamentals, the enterprise value to sales ratio is at 0.78 for the current period. Therefore, the company is undervalued.

Analysts covering this company mostly recommend stock overweighting or purchase.

The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses: Ricardo plc

The company does not generate enough profits, which is an alarming weak point.

For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.

The group usually releases earnings worse than estimated.
Posted at 14/9/2024 04:51 by waldron
Analysts' Consensus

Mean consensus
BUY

Number of Analysts
8

Last Close Price
4.750GBP

Average target price
6.582GBP
Spread / Average Target
+38.57%

High Price Target
7.750GBP
Spread / Highest target
+63.16%

Low Price Target
4.600GBP
Spread / Lowest Target
-3.16%


Technical analysis trends GBP

Short Term Mid-Term Long Term

Resistance 4.93 5.32 5.20

Support 4.70 4.25 4.71



marketscreener
Posted at 13/9/2024 17:52 by waldron
WOULD LIKE TO SEE MORE ANALYSTS COVERING COMPANY

WILL DO MORE RESEARCH TOMORROW

NICE TO SEE A DIVI

IT RELIES APPARENTLY ON A HEALTHY CAR INDUSTRY APPARENTLY WILL IS CURRENTLY IN THE DOLDRUMS

Thanks Norbert


Norbert Colon
13 Sep '24 - 17:28 - 199 of 202
0 0 0



Around 1hr 5 mins is RCDO which Gresham note could 3x from here. Still lots of work to do!

MUST ADMIT THE GRESHAM HOUSE GUY DOES NOT CONVINCE ME TO BUY

At present this companys success seems to be set in the long term

WILL CATCH YOU TOMORROW

ENJOY YER WEEKEND

CHUCKLE AND CHEERS

TAKE CARE
Posted at 13/9/2024 17:43 by waldron
Ricardo (RCDO) Share Forecast & Price Target


See the Price Targets and Ratings of:
All Analysts

RCDO Analyst Ratings

Moderate Buy

1Ratings

1 Buy
0 Hold
0 Sell

Based on 1 analysts giving stock ratings to Ricardo
in the past 3 months

RCDO Stock 12 Month Forecast
650.00p
▲(35.14% Upside)

Based on 1 Wall Street analysts offering 12 month price targets for Ricardo in the last 3 months.

The average price target is 650.00p with a high forecast of 650.00p and a low forecast of 650.00p.

The average price target represents a 35.14% change from the last price of 481.00p.

TIPRANKS
Posted at 13/9/2024 17:28 by norbert colon
https://www.youtube.com/live/HGnjwHH-si4?si=kGl_t1FPf2fFR9kCAround 1hr 5 mins is RCDO which Gresham note could 3x from here. Still lots of work to do!
Ricardo share price data is direct from the London Stock Exchange

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