Results for the year to 31 Dec 2024 should appear within a few weeks. We are assured that these should be in line with expectations or slightly better.
I will be very interested to see how SAG is doing with CMS2. It acquired this company as part of the TP Group and l believe that SAG has sold off most of the other TPG businesses. The interim statement suggested that CMS2 was doing well.
Our chairman is not shy about his successes and l hope that he will have something to brag about !
If TPG proves to have been a bargain, then we may feel more confident about the merits of SAG's investment in Ricardo. |
Uncertainty with this rcdo deal. Chart suggests 380'390 possibly |
Not quite sure why.
If they sold their holding and walked away they would be making a decent enough profit. |
Sub 400p I fancy now |
Each way bet here on Ricardo . If it recovers we make a profit on our shareholding , if there's one more warning SAG will be calling an EGM to kick the board out and we end up engineering another cut price takeover |
Interesting move.
7.26% of the equity and 11.67% of the voting rights is no mean holding so things may happen rather more quickly than perhaps appeared to be the case. |
I wonder if there will be some short term weakness due to the reduction of cash on the balance sheet. Hopefully a decent buying opportunity approaches. |
Martyn does usually end up shafting the other company and taking it over in this situation . Ricardo is a bit too big to swallow but watch out if anything goes wrong here he'll be trying to eat it for breakfast |
Buying opp approaches... |
Really like this company, however share price rarely moves |
Good update (results ahead of expectations) this morning highlighting long term share performance against indices, the buy backs continue. |
Is that increase due to their being less shares in issue? |
I see that Ruffer have increased their shareholding from 17 to 18 percent.
Good news coming on top of the company’s relentless and ongoing share buy back programme over recent months |
Looks like they are lining up a big acquisition , little impact from employers NI |
Very encouraging news below for DAB+ in the EU's largest market, therefore very good news for Science Group/Frontier (click on the English translation option in the top right hand corner of the page):
I particularly liked this part:
"Digital radio on the growth path
The special analysis of ma 2024 Audio II shows that 75 percent of radio listeners in Germany now use digital services. Digital radio, whether via DAB+ or the Internet, has become an integral part of the everyday lives of 49 million people. That corresponds to three quarters of all listeners. Web radio and - by far the most popular - DAB+ are very popular. While DAB+ is used heavily by middle-aged groups in particular, web radio reaches listeners in roughly equal numbers across all age groups."
PS. Happy All Souls Day. |
Just a thought
Yesterday’s leading front page article in the FT was about the benefits that will accrue to companies that operate in the Aerospace and Defence industries because governments are spending much more on defence due to the increasing volatility in the world.
In a small but nonetheless significant way it is presumably possible that the Group’s CMS2 division is benefiting from this. The division’s performance was certainly very well written up in the recent interim report.
But, as I say, just a thought and DYOR |
I can only reiterate what I said some weeks ago and since then we have had more share buybacks and now the Chairman buying shares.
All seems very positive and the share price does not seem to reflect the underlying value. Remains a long term hold for me.
But DYOR |
Radcliffe owns ~20 milly of Science stock , he didn't buy 45k worth of shares to make money . You'd hope he's just giving a little wink to shareholders to say this is a good time to buy the stock. |
A week ago, the company announced it was allocating £5 million for share buybacks.
One week later it has already purchased shares worth roughly 20% of that figure at prices up to 435p/share.
Difficult not to see that as a positive sign which suggests that the current share price levels are very attractive and probably don't reflect the real underlying value.
But all IMHO and DYOR |
I was actually looking at the increase in net funds so maybe I have got the interpretation wrong as against the cash position? |
Net cash 33% up by my calculation but solid results, as you say. |
Pretty solid results all round.
A promising outlook for the full year, an approx. 60% increase in the net cash position and a substantially increased £5 million allocated for further share buybacks.
Seems the company remains below the radar on many fronts but happy to remain a long term holder.
All IMHO and DYOR |
Some upward movement in the shares at long last and rather long overdue I suspect.
The company has recently been repurchasing shares at up to 418 so perhaps we shouldn't be too surprised |
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