Ricardo Share Discussion Threads

[blackbear] 11/11/2003 10:33

I am thinking exactly the same m8.

I learn the hard way as i do in everything else in my life..
I borrowed money a long while back to trade , im still paying for it.

[pictureframe] 11/11/2003 10:32

anyone know if the trades at £1.80 are buys or sells ? Thanks

[panagos] 11/11/2003 10:21

nope, i got a full time job in a bank...LOL

i am in the process ot turning into a long term investor though... bigger LOL

bb, i am starting to believe that serious money come from the waiting instead of trading. What do you think?

[blackbear] 11/11/2003 10:18

Pan do u trade full time m8?

[panagos] 11/11/2003 10:14

Yep, gone up a bit, but i'll hold for a longer period, looks promising

[blackbear] 11/11/2003 10:12

That's looking good , i find it hard to value biotech's myself , ive missed out ithink

[panagos] 11/11/2003 10:04

Good luck mate, check out bprg.

[blackbear] 11/11/2003 09:56

I dumped aly at 10p , a small profit not that long ago actually , trading wise has been pretty good for me , sold wsh recently for 140p got them for 50p :)

fwy is going v well , got those for 38p , i bought more @ 76 , because it's still the cheapest stock out there imho mkt cap 34 mill , profit's expected around 5 mill in jan ,going for a 5 bagger , chart look's good.

I swear i told u about hor @ 22p ...

Only downnfall has been a short on lmc...lol

Anyway im slowing down a bit now , the dow has hit resistance level's it cannot break , ill be heading to the dow shorting threads v soon , ive been pateint with the big momma , but it's time mhwaahaa.

bb.

[panagos] 11/11/2003 09:34

Hi bb, how's things?

chart looks bad but they made GBP16mio profits, cannot just keep on falling...

are are you still holding aly from the bottom? i was not patient enough on that

[blackbear] 11/11/2003 09:31

Hey panagos , long time no see....

patience will be needed on this one for a few weeks at least , u know me i don't normally buy a stock falling like a brick , but couldn't resist this one.

[panagos] 11/11/2003 08:49

support is at 165p (oct.98 levels) imo

[pictureframe] 11/11/2003 08:47

no , we will see by close of the day wont we ;0)

[badtime] 11/11/2003 08:46

Trying to convince yaself picture?

[pictureframe] 11/11/2003 08:37

looks like we will bounce today, no early mark down so it appears no more large selling

[pictureframe] 10/11/2003 16:13

this is being manipulated, will hold for at least three months to let dust settle.

Very tight stop loss set though

[pictureframe] 10/11/2003 14:55

Here is what I mean about the fall being overdone

News when results were released with news that trading would be weak

LONDON (AFX) - Shares in Ricardo retreated 80 pence to 307-1/2 among
small-cap issues after the provider of engineering and technical services served
up static full-year numbers and warned of another difficult year ahead.

So its fallen another 50% at least on the same news !

[pictureframe] 10/11/2003 14:41

yep and for once I think I got in at the bottom ;0)

My short term target is £2

[blackbear] 10/11/2003 14:35

Yes i saw that again a while ago a quid cheaper now looks nice to me.

There are some positives going on in the recent aquisition section.

Im not against shorting , ive done it myself on this stock too in the past , the point is they have had a free run due to the normal low volumes this stock attract's.
Reminds me of surfcontrol , when it turn's boy can they go..

[pictureframe] 10/11/2003 14:16

Forgot to mention another good pointer that things are NOT that bad is the directors bought the following shares last month.

Harper 5000 @ £2.80 - £14,000
Beresford 20000@ £2.78 - £55,600
Parker 5368 @ £2.70 - £14,493

That is a fair amount to loss , espically Beresford. They are the best people to know whats going on imho so its a def buy at nearly half price !

[pictureframe] 10/11/2003 14:07

I noted a few 100k buys go through today. Maybe Aviva at it again ?

LONDON (AFX) - Ricardo PLC said Aviva PLC has acquired 100,000 shares in the
company, lifting its stakeholding to 8.12 pct.

[blackbear] 10/11/2003 14:02

If that 145k is a short , ill laugh.. i would like level 2 but can t justify it , i still have a full time job. "sigh.

[pictureframe] 10/11/2003 13:59

by the way buying picking up pace now

[pictureframe] 10/11/2003 13:58

Thanks BB agree with you 100%. I lumped down another £4000 worth of shares as I think this way undervalued. I know its not a lot to some but £4k is quite a lot to me ;0)

This lost 65% after the profit warning, its now lost another 23% after the agm update which told us what we already knew ! Stupid, once the panic sellers are done its will break £2 imho and as you said divi still to come. Also the balance sheet is extremely strong so they can wheather to storm

[blackbear] 10/11/2003 13:56

Just got 2k , i agree shorter's will start closing around here.

[blackbear] 10/11/2003 13:53

Picture frame ... to buy , i think the last statement was an honest one , and makes a refreshing change , not a disaster on the making but a warning not to expect explosive growth for the short term , but the chances are the dividend will hold out imho , im not a great div fan , but it will support the price for sure. overall it is looking cheap.