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| 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
|
|
|---|---|---|---|---|---|
| 3.00 | 0.75% | 402.00 | 43,885 | 16:29:58 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 402.00 | 407.00 | 404.00 | 400.00 | 400.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Vehicle Part,accessory | 474.7M | 700k | 0.0113 | 355.75 | 248.25M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:14 | UT | 2,302 | 402.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/12/2024 | 14:13 | UK RNS | Ricardo PLC Holding(s) in Company |
| 02/12/2024 | 17:01 | UK RNS | Ricardo PLC Holding(s) in Company |
| 02/12/2024 | 11:41 | UK RNS | Ricardo PLC Director/PDMR Shareholding |
| 22/11/2024 | 13:01 | UK RNS | Ricardo PLC Director/PDMR Shareholding |
| 22/11/2024 | 12:51 | UK RNS | Ricardo PLC Holding(s) in Company |
| 18/11/2024 | 15:31 | UK RNS | Ricardo PLC Director/PDMR Shareholding |
| 18/11/2024 | 14:02 | UK RNS | Ricardo PLC Holding(s) in Company - replacement |
| 18/11/2024 | 12:46 | UK RNS | Ricardo PLC Director/PDMR Shareholding |
| 15/11/2024 | 16:20 | UK RNS | Ricardo PLC Result of AGM |
| 30/10/2024 | 10:28 | UK RNS | Ricardo PLC Director/PDMR Shareholding |
Ricardo (RCDO) Share Charts1 Year Ricardo Chart |
|
1 Month Ricardo Chart |
Intraday Ricardo Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/12/2024 | 16:34 | Ricardo - Engineering a cleaner World. | 291 |
| 27/1/2022 | 17:42 | RICARDO.....I AM CALLING THE BOTTOM ! | 617 |
| 13/1/2017 | 11:57 | RICARDO | 1 |
| 20/8/2014 | 19:10 | ADVFN PODCAST 3: THE TIP OF THE DAY TODAY IS... | - |
| 17/7/2014 | 13:52 | Alan Green , CEO TradersOwn PLC , says to BUY & HOLD in RCDO | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-13 16:35:14 | 402.00 | 2,302 | 9,254.04 | UT |
| 2024-12-13 16:29:32 | 402.00 | 26 | 104.52 | AT |
| 2024-12-13 16:29:31 | 402.00 | 220 | 884.40 | AT |
| 2024-12-13 16:29:31 | 402.00 | 355 | 1,427.10 | AT |
| 2024-12-13 16:29:31 | 402.00 | 109 | 438.18 | AT |
| Top Posts |
|---|
Posted at 14/12/2024 08:20 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 399p.Ricardo currently has 62,218,280 shares in issue. The market capitalisation of Ricardo is £250,117,486. Ricardo has a price to earnings ratio (PE ratio) of 355.75. This morning RCDO shares opened at 400p |
Posted at 06/12/2024 16:34 by kinbasket I agree 100% with your comments on the UK equity market. The ineffective nature of the market is the flip-side of the rise of passive. With so much money (now 45% of US market) pursuing a passive approach, there are almost no active managers left.Those that remain have suffered multiple years of redemptions as people move to passive. It makes it almost impossible to run any kind of value fund and they are shutting up shop everywhere. I doubt there is a single equity props desk left at any of the big houses. There are whole sectors of the market where there is zero institutional coverage. However, it does mean there are genuine bargains to be had but the outer is no longer "the market" catching up and buying in. The outer is PE/off market takeovers and shareholder returns via high dividends and/or share buybacks. David Einhorn described this as wanting to be the last shareholder holding the last share after buybacks. His interview "market structures are broken" explains the problem and how he is working around it to still make money. Well worth listening to. Every small investor needs to understand this dynamic as the game has permanently changed. Value won't "out" anymore. Not in the way it used to. |
Posted at 06/12/2024 11:12 by kinbasket "Regarding Gresham House and a takeover plan. Gresham are wholly owned by Searchlight Capital. If Searchlight are interested in a takeover of Ricardo, Gresham need to declare their position as a concert party. I don't see any legal reason to prevent Gresham House from casting their voting rights in favour of a Searchlight offer."This is serious straw clutching. If this were the case it would suggest Gresham has been buying with fund holder money whilst being aware Searchlight want the company. Which is insider trading to say the least and it's with other peoples money. Chinese walls prevent any of the activity you suggest. Greshams funds being invested in RCDO should be viewed as no more complicated than that. It's a investment they like. On the other hand, a separate PE approach seems highly likely to me. Like all small UK tech/engineering companies, it's undervalued. |
Posted at 05/12/2024 15:11 by indiestu I have been thinking why Ennismore Fund Management built a near 2% short position in Ricardo in the second half of October this year. It was this short selling that killed the rally off the October lows.I don't remember a hedge fund taking a short position in Ricardo before. Considering they have the same information as we do it seems unusual to short a healthy, profitable, dividend paying UK small cap. Ricardo is fairly illiquid and the price can move quickly on light volume, not to mention the looming possibility of a takeover. It appears a very dangerous move unless you have an escape route prepared. Gresham House were building their position as Ennismore were shorting. Coincidence? Aviva have notified they are below 3 percent, we will not hear any more from them as they have no further duty to report changes but we can assume, if they have gone under 3 percent they are completely out or intending to be. So who is right on the future of Ricardo? Is a takeover brewing or have I missed something in the fundamentals and future strategy that indicates trouble ahead? |
Posted at 22/10/2024 11:19 by tenapen Groan - didn't take much to destroy an already weak share price. Do these people know what Thier doing.Strategy Update my ....... |
Posted at 21/10/2024 09:48 by 1968jon It is a question I discuss frequently JaynesDad! Knowing a little how investment banks and PE firms work - with the caveat that Investec Securities and most particularly Libs as corporate brokers are probably not the best connected - I would be absolutely amazed if a number of PE firms were not aware of Ricardo as an idea.UK listed stocks have been unloved on a relative basis for years and, as I have said before, for smallish caps they would be much better in private hands. So why? I don't know. I have wondered why one of the large car companies hasn't taken them out over the last ten+ years - a long time before they went all green? I speculate and have suggested it to people that there has been an unmentioned acceptance that none of them would do on the basis that RCDO has done work for so many of them over the years? Dunno? They are involved with the UK and most particularly the US military. Does this make it slightly more challenging from an execution point of view? I don't know? Given the fact the price would only be a few hundred million, the buyer is unlikely to be a mega fund so may lack the personnel/contacts to make it easier? They must have so much sensitive IP - it might be seen as a strategic player? Maybe if they sell the bit in the RNS today, the remainder becomes easier? |
Posted at 21/10/2024 08:44 by jaynesdad Begs the question 1968jon, why doesn't anyone take over RCDO and sell the pieces then? I don't see anyone queuing up to do so. I also have an irrational fondness for RCDO but my passion is waning. |
Posted at 21/10/2024 07:53 by 1968jon My initial thoughts....Strangely garbled might sell, might not language of the RNS - did it need an RNS. I have an irrational fondness for Ricardo and think it is hilariously undervalued, so consider this as extremely biased thinking. RCDO trades on less than 6x forward EV/EBITDA for 2025. It has a ragtag bag of divisions that may/would be valued higher outside RCDO - never mind the multiples that other consultancies get. The ragtag nature in my opinion is a cause of its low rating Military and defence companies, varying by geography are trading publicly or transacting privately at just North of 10x and probably trending higher. So potentially a decent trade for RCDO. Problem is, if you sell part of the P&L at 10+x to reinvest in something that will be marked back down to 5.5x you have a problem. I have absolutely no doubt that if someone took RCDO out they could sell all the pieces at a nice turn. I know that RCDO know this as well. |
Posted at 21/10/2024 07:32 by pugugly Market seems as though cannot make up mind - Minimal trades so far and no change in share price. - Possibly a watch and wait situation. |
Posted at 18/9/2024 08:54 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 13/9/2024 16:43 by waldron Ricardo (RCDO) Share Forecast & Price TargetSee 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 |
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