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RCDO Ricardo Plc

469.00
9.00 (1.96%)
23 Apr 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
  9.00 1.96% 469.00 14,212 16:35:13
Bid Price Offer Price High Price Low Price Open Price
471.00 478.00 478.00 460.00 460.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 446M -5.4M -0.0868 -55.07 297.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:41:39 O 112 468.953 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
2024-04-23 16:41:51468.95112525.23O
2024-04-23 16:41:51468.958704,079.89O
2024-04-23 15:45:06465.342471,149.38O
2024-04-23 15:45:04465.345372,498.86O
2024-04-23 15:45:00465.3499460.68O

Ricardo (RCDO) Top Chat Posts

Top Posts
Posted at 23/4/2024 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 460p.
Ricardo currently has 62,218,280 shares in issue. The market capitalisation of Ricardo is £297,403,378.
Ricardo has a price to earnings ratio (PE ratio) of -55.07.
This morning RCDO shares opened at 460p
Posted at 08/3/2024 14:29 by tenapen
With six brokers covering Ricardo - the average price target is c£6.
Posted at 15/2/2024 22:03 by rp19
Thought the recent Trading Update was better than recent share price performance suggested it may be. One thing that irked me though (and they are not the only company) was the reference to the company maintaining its guidance but not saying what the guidance is. Emailed the company outlining this and sounds like they may include numerical guidance on future releases. We'll see..
Posted at 30/1/2024 11:00 by cerrito
As someone with a small position in RCDO,I have enjoyed the posts here during the last week.
I revisited the last annual figures and was confused about the huge difference between statutory and underlying profit S well as all the different businesses.
Nothing on Research Tree either.
Given that both defence and environment are good places to be my gut tells me to hang in there.
Let us see what Thursday brings.
Posted at 24/1/2024 18:43 by dexdringle
There is not a snowball in hell's chance of a PE (or anyone else) coming along and paying £10 a share for this. £6 maybe. £7 at a stretch.
Posted at 24/1/2024 17:36 by norbert colon
My whole investment thesis here (like it or not) rests on RCDO being acquired via a trade sale at a premium to the price i paid.I agree it's sad in some ways to see such consolidation but it will happen regardless of you or I and as long as the ultimate Consulting biz goes to a good home (like a WSP etc) I'm satisfied.I'm less au fait with the other businesses but the defence biz (as an example) looks decent with a good runway now via the Humvee ABS kits etc.
Posted at 24/1/2024 16:46 by 1968jon
Being currently grumpy and pessimistic about the state of the UK equity market below £5bn - though not about the prospects for RCDO per se - I hear you NorbertColon but wonder regardless. I think a PE firm could come in, pay £10, gear it a little and make a lovely turn selling different bits to US buyers and giving the rump to Melrose for stock. (I'm making that last bit up but you know what I mean). Don't get me wrong, I'd make good money but that would be a £1bn UK company that should be a National Champion leave the stock market - that hurts me at the margins in the long run.
Posted at 24/1/2024 11:14 by norbert colon
Hi Jon - agreed although the issue is partially one of identity. Who are RCDO - are they a Consultant or Defence Contractor or an Automotive supplier etc? The current strategy is to reshape the biz but it's been held up by various factors. A pure play Consultant would be worth twice the current mcap with known larger overseas peers (WSP, Stantec, TetraTech etc) being the likely acquirers. Hoping to see some clear movement on the identity this year.
Posted at 24/1/2024 10:15 by 1968jon
I despair a little. I bought another chunk yesterday, having most recently paid £5.12 in October. I first started buying it six years ago (I own a lot and haven't sold any) and have "known" the company for decades. On every conceivable metric it is the "wrong" price. Leaving aside previous performance, Covid and rising interest rates, it seems to me it is emblematic of the problems in public markets in the UK (and Europe to an extent). There is an easy argument to be made that any company sub-£5bn in mkt cap is better off in private hands. Analyst coverage for RCDO is a waste of time and liquidity is comical. I look at the EV/EBITDA multiple of 6 for this year, combined with manageable debt and cannot believe a PE house is not looking at it?
Posted at 28/12/2023 16:07 by indiestu
Are you still in Ten? It was a disappointing second half to the year regarding share price but the underlying business environment appears better than some of the commentary would lead us to believe.
Posted at 16/10/2023 18:07 by tenapen
I disagree

You could check the date of the of the RCDO chart Top and it will be close to the Tories winning the Uxbridge by-election - in mid july. The following Tory U-turns on green policies has destroyed not only Ricardo's share price but most if not all of the uks listed clean tech sector.
Ricardo share price data is direct from the London Stock Exchange

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