Ricardo Plc

0.00 (0.0%)
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
  0.00 0.0% 570.00 27,315 16:28:05
Bid Price Offer Price High Price Low Price Open Price
566.00 572.00 570.00 570.00 570.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Engineering Services 389.30 9.00 14.50 40.71 354.54
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:22 O 23 570.00 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
2023-06-08 16:47:42570.0023131.10O
2023-06-08 16:45:58569.944242,416.56O
2023-06-08 16:44:00569.641,91910,931.43O
2023-06-08 16:38:36570.009,57254,560.40O
2023-06-08 15:35:01570.005,89733,612.90UT

Ricardo (RCDO) Top Chat Posts

Top Posts
Posted at 14/3/2023 11:37 by tenapen
I'm here.

I'm fed up with advfn just now.

I still hold my shares and happy with rcdo.

Posted at 14/3/2023 09:41 by carcosa
A good write up can be found here re H1 results:

Posted at 12/2/2023 07:44 by norbert colon
Posted at 21/10/2022 19:13 by norbert colon
Arcadis buys DPS for 0.8 x sales.https://www.independent.ie/business/world/dps-duo-set-for-biggest-share-of-232m-cash-sale-42041998.html
Posted at 14/9/2022 07:16 by tenapen


Posted at 16/8/2022 17:36 by norbert colon
I should have added that the niche manufacturing businesses of RCDO do not make them a natural fit for a typical consultant in the E&E sector, however, it will be interesting to see what other divestments (if any) the Group make over the coming months as they deliver on their new strategy.

An attendee at the recent CMD raised this question re: the Defense business iirc but mgt confirmed that this business was still aligned with their strategy.

Posted at 16/8/2022 11:52 by norbert colon
Hi Tenapen and other posters

I am a new investor to the Group and thought i'd jot down a few points for discussion as i'm a big fan of the engineering/environmental/energy consulting sector having worked in the sector myself since 1990.

Although I've been aware of Ricardo for a few years, for some reason i've never looked at them, probably as they are not a pure-play consultant and hence their profile is somewhat under the radar compared to peers such as RPS, WSP, AECOM, Atkins etc.

Having just partially exited from my investment in RPS (built up from 2019 right through to July 2022), I was reminded by another investor of RCDO and duly watched the CMD presentation from May and came away suitably impressed enough to make an initial investment.

I assume other investors are aware of the considerable M&A activity in this sector over the last 10-20 years with RPS alone having made 85 acquisitions over this period with larger peers such as WSP and TetraTech being equally as acquisitive.

Listed consultants who have succumb to M&A include WSP, Atkins, WYG, Sweett Group, Hyder, RPS and Waterman. Private deals are considerable more numerous.

Liberum recently produced a note (02/08/2022) including a peer group comparison table showing the disparity between the valuations of RPS and RCDO against their (admittedly larger) peers.

RPS has since been acquired for just over 1 x sales (PE25) and this multiple is inline with other deals i've tracked. ERM acquired KKR in 2021 for 3.75 x sales but this is an outlier in valuation.

With the new Group strategy defined with a clear focus on the E&E sector which is facing some fantastic tailwinds, the current valuation of RCDO of 0.75 x sales (PE12) seems anomalous and whether we see M&A activity or not, I have an initial 600p+ valuation on the Group and look forward to the results in Sep followed by the AGM in November where hopefully some other investors will also be in attendance!

Posted at 02/8/2022 07:25 by tenapen

Explains the recent strength in the share price

Posted at 26/7/2022 12:52 by tenapen
Hi Indiestu,
Just here posting the news..... but yes nice and steady wins the race.


Also today


Posted at 26/6/2022 18:06 by tenapen
Under header - Website Updated

I think being an all inclusive company does make RCDO a better company.

As to a more profitable company ! thats not down to one person but team work.

My opinion only.

Ricardo share price data is direct from the London Stock Exchange
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