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
  22.00 5.98% 390.00 19,064 16:35:23
Bid Price Offer Price High Price Low Price Open Price
376.00 387.00 387.00 364.00 380.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 384.40 26.50 37.10 10.5 208
Last Trade Time Trade Type Trade Size Trade Price Currency
17:12:25 O 339 371.059 GBX

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Ricardo (RCDO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-08 16:14:13371.063391,257.89O
2020-04-08 15:35:23390.004,09315,962.70UT
2020-04-08 13:53:27387.0026100.62AT
2020-04-08 13:53:27387.00934.83AT
2020-04-08 13:44:32379.0059223.61AT
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Ricardo (RCDO) Top Chat Posts

Ricardo Daily Update: Ricardo Plc is listed in the Support Services sector of the London Stock Exchange with ticker RCDO. The last closing price for Ricardo was 368p.
Ricardo Plc has a 4 week average price of 262p and a 12 week average price of 262p.
The 1 year high share price is 846p while the 1 year low share price is currently 262p.
There are currently 53,406,250 shares in issue and the average daily traded volume is 134,222 shares. The market capitalisation of Ricardo Plc is £208,284,375.
campbed: When this thread was started in 2003 when share price was less than £3 entitled "I am calling the bottom" who would have foreseen passing a record share price of £9 in 2015 after the worst financial crash in living memory in 2008
grindertrader: 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
uhound: Anyone know why the big drop in the share price Friday and today?
dolphinspirit: Rodney Westhead sold, together with his wife, 100,000 shares in the company at 2.79 stg each. do they know something, or are they just taking a bit of capital? At least the share price is still going up, long may it continue.
gre: I've been running my slide rule over RCDO recently and this share has quite a bit going for it at the moment- good growth forecast, healthy cash balances, relatively low gearing (although interest cover is a bit low) and attractive charts. However, despite all these good points, I am personally holding back from investing until we see some positive evidence that everything remains on track. At the AGM the Chairman said: "We expect to give a clearer update on order visibility at the time of our interims in February 2005, as the OEMs traditionally release their new budgets in the first quarter of the calendar year." I can't see the share price doing much until February given this cautious statement. It could even drift a bit lower over the next couple of months. If however they do manage to hold onto all their contracts for 2005 then the recovery in the share price should begin in earnest. Just my humble opinion - always dyor.
crystalclear: I could see one bigish buy, 10,000 shares or something like that. I notice the number of shares is pretty much a round number, 49.44. That's almost 50m. What that means, is that psychological boundaries for market cap. and for share price, like £100m and £2 per share coincide, as near as darn it. The ACEA 2008 rules mean to me that manufacturers will be pushing out work to companies like Ricardo to try to meet the requirements, and what is holding the price back, is the psychological barriers. When its been below £2 the optimists have been buying, and when its been above £2 the pessimists have been selling. The graph shows some clear plateaus around some of these mind figures, like £2.40 and £2.60 as different factions had momentary control over the fight for £2.50. There are other plateaus at £3.10 and £3.90. These were an unsuccessful attempt to remain above £3, and a failure to breach £4. From the ACEA by-2008 work that need to be done, I imagine RCDO will rise and start knocking on £2.50 (MC 125m). That means my prediction on another site that Antonov would overtake Ricardo within a year may have been a tad optimistic, as I was basing it on Antonov having a MC of about £100m at the end of the year.
tuffbet: If cars interest you as much as shares then you should have a close look at Ricardo. Results for the 6 months to the end of December 2003 were announced today and although they posted a small loss of £273,000 that had already been well signalled so no surprises there. Why did the shares rise 15% . Well I guess everyone knows just how profitable it can be if you manage to catch a quality company and a leader in its sector just after its share price has been slashed and just before the first signs of a recovery come through . Thes first signs were I feel clearly documented in todays RNS in particular the fact thatthere has been improved order intake within the past two months to the extent that the pipeline of prospects has doubled since june 2003. Given that this is one of Britains few remaining engineering success stories there will I feel be plenty written about the company tomorrow for today the foolowing are extracts from the excellent Citywire . " On a positive note the US and German operations remained profitable with Germany benefiting from recent acquisitions. Motorsport activities including F1 and world Rally continue to perform well given the specialist skills required in the sector. Ricardo provided Mitsubishi with the transmission for the Pajero EVO which recently won the Paris Dakar rally for the second consecutive year . Order intake in December 2003 was at a record high" "All being well forecasts for the year include a return to profit of £3.66 million and earnings per share of 5.59 rising to 16.7p thereafter. The dividend should increase to 9p giving a net yield of 4.4% . Worth buying for recovery. " As thats selected text I suggest anyone interested reads the whole RNS to get the full picture but if the Worlds economies continue to grow as widely predicted here is a quality British company operating right at the top of a Global market on a forward PE of about 8 paying a dividend broadly equivalent to what you would earn in interest if the same money was lying in one of the best of the high street svings accounts.. Now I caanot promoise this will work so don't build up your expectations or cancel any holidays just in case . As you know some companies offer share perks to shareholders and as far as I know Ricardo don't. The proposition I want to put to them is that there should be a draw after the final results open only to private shareholders registerd at that time . The perk I propose should be that the winner should get the use for one day ,petrol provide of course, of the Bugatti Veyron which they were heavily involved in developing Spec ? Well don't know if its got sat nav gov but how does this sound ..." The car is powered by an innovative W16 light alloy engine comprising of two narrow angle cylinder blocks each with eight cylinders,and mounted to a common 90 degree included angle crankcase. . Capable of delivering a truly awesome peak power of 736kW (1001 hp) at 6000 rev/min and peak torque of 1250 Newton Metres.between 2200 and 5500 rev/min the Veyron represents a formidable driveline and transmission engineering challenge " Challenge it might be but I think we could handle that could we not ? Remember its only an idea but if enough of you show a positive response I will put it to the Directors for consideration. Will have more to say on the subject of Ricardo once I find the time to sit down again and post meantime I will go and have another look at that picture of the Bugatti just in case
campbed: RCDO's interims look pretty much in line -- breakeven in H1 and profit at EBITAEx level of £4m in H2. Improvements in 2004/5 with business reasonably well positioned for recovery justifies maintained dividend. Share price movements pretty much on track with what I hoped for at post #138. This was the only falling knife I'd caught that I was losing on but now mercifully about break even after averaging down.
salpara111: Hmm, while I was not tempted at 220 I am starting to feel that the price is soft enough to discount another round of bad news. I guess that the one thing which could upset the apple cart is if they were forced into a round of forced reduncancies which would be costly. I guess the bottom line is that there would appear to be little lost by sitting on the sidelines for the moment. I guess that as the company has not sought to reassure following a drop of over 50% in the share price means that there may well be more to come. Having said that there is the curious issue of the directors buying at the 260-270 level. Admittedly not huge values but now on a healthy loss but not apparently looking to increase their exposure even at these levels.
pictureframe: Running the ruler over this share I am calling the bottom , and here is why. The recent falls imho have been well overdone its now trading at a FIVE YEAR low. Check the chart out for confirmation. The company has advised that things are uncertain but does it warrant a fall from over £4.00 per share to today’s price considering the companIy still made £16 million Profit? The market cap is 80 million for a company making £16 million in a depressed Market , doesn’t take long to work out that it may be a takeover target. The balance sheet is extremely strong so there is no risk of share dilution, its now trades on a ridiculously low P/E ratio , and pays a divi of around 6.5% It is also worth bearing in mind that: Directors bought shares as recently as last month , today share price allows you to follow their lead at nearly 50% discount! S Parker bought 5368 @ £2.71 = £14,547.28 on 3/10/03 M Beresford bought 20,000 @ 2.78 = £55,600 on 23/9/03 Harper bought 5000 @ 2.80 = £14,000 23/9/03 Not some chicken feed amount and they know what is going on with the company, maybe things are not that bad after all ? Also Aviva recently lifted stake on this company to over 8% and there has been no institutional selling which is good news.
Ricardo share price data is direct from the London Stock Exchange
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