Ricardo Share Discussion Threads

[pictureframe] 10/11/2003 13:20

here comes the bounce back to £2

[pictureframe] 10/11/2003 13:06

a few 10k buys, looks like we may bounce from here, I may have timed my purchase at a good time for a change !

[pictureframe] 10/11/2003 13:03

im in again 2400 shares, minimal downside from here imho.

[panagos] 10/11/2003 12:35

strong chart support at 165p (historic 98 levels)

[pictureframe] 10/11/2003 12:10

Has now gone past a 5 year low ! Surely it cant sink much further ? I think this is being shorted big time and will bounce very hard and quickly once they have had their fun and close out

[pictureframe] 10/11/2003 11:44

to short or long black bear ?

[monty burns] 10/11/2003 11:44

Except:

Net Tangible Assets are a lot lower than current market cap;
People business - revenue can disappear very quickly, then stuck with a lot of costs, and no profits/potential losses;
Acquisitions of last year may prove be duds;

I speak as a holder. Just being aware of the negatives. It could (I don't think it will) go a fair bit lower yet. In due course I'll buy some more, but not for a while and not until things are clearer - there were a lot of unquantified comments in their statement, the situation in terms of numbers - EPS for this year and next year - is very unclear to me.

[blackbear] 10/11/2003 11:43

Looking good...

[pictureframe] 10/11/2003 11:38

Valuation getting stupid now, this company makes real profits and pay a divi.

Only a matter of time before this gets taken out at this price imho

[salpara111] 10/11/2003 10:45

Hmm... despite my negative feelings towards the company they have now fallen to such an extent that I am almost tempted, after all, on current valuations there is now room to see a 15% decline in profits and still be on an undemanding valuation. Having said that, until we hear anything positive from the company we are going to trade flat at best so maybe better waiting a little while longer.
Hmm....

[badtime] 09/11/2003 20:41

Cancelled xmas party for pensioners too....nice firework party last friday though.

[huwrayhenry] 09/11/2003 18:08

Edged my long with a few shorts at 229, 225, 205 closed then all now but still holding a long from 243. It's a pity as CMC have closed the door now on RCDO shorts so I'm hoping the 200 level will hold.
Aviva bought a load of stock not long ago so they should know the score.
Going to watch for a big volume day to dare i say add.
HH.

[goliard] 07/11/2003 15:45

Nicely put Salpara111

[pictureframe] 07/11/2003 12:38

some delayed buys now showing

[panagos] 07/11/2003 11:22

Indeed it'll look v. cheap, but who said markets are rational?

[pictureframe] 07/11/2003 11:19

this has a strong balance sheet, if it gets to £1.65 it worth putting your house on it as it will get taken out imho.

[panagos] 07/11/2003 11:16

Next support is 165p (1998 levels)

What a lovely short this would make all the way down.

I expect 165p to be the bottom.

imho

[badtime] 07/11/2003 11:14

erm..9p div..as against further falls of 20p plus?..erm..no!..lol

[pictureframe] 07/11/2003 11:10

so what is new from when they released results ? Im going in if it drops 20% in a big way. Divi is 9p !

[goliard] 07/11/2003 11:09

Trading statement is out, as per my above post.

[quidzinn] 07/11/2003 11:08

Ouch !!

This has further to fall i.m.o.

160 - 175

Q

[goliard] 07/11/2003 11:03

There's the trading update. Nothing positive there. I'm pleased I held off buying, but I'm worries we could see 150p before this bottoms. The AGM statement isn't promising.