Ricardo Share Price (RCDO)

Well, there was support at 420p, for a small bounce, but today's drop is disappointing and concerning as now it could fall a further 10% to around 360p . At that stage I feel it is very open as a takeover target from the US, but we may struggle to get anywhere near 600p.

After several years of stagnation and treading water under previous management, there are glimmers of recovery here. I'm encouraged by the growth in the order book (notwithstanding the difficulties in A&I) and there is clearly a huge effort being get better at smoothing order flow & mitigating the impact of lumpy contracts that has been an issue for them.

Looks like 2H will see strong improvement so sp could be set to finally recover after 12 months in the doldrums

If I were sitting round the table, I would suggest they speak to the Plain English Campaign as the level of McKinsey-type jargon is ludicrous: "right-sizing and centralising our enabling functions".......what does that even mean?

Fair assessment. I am here for the long term

Typo: should *show* improvements across every sector

Yeah, a mixed bag. Some stuff was disappointing during this period, but expected to improve. Other stuff has done well and has potential to do better during the next reporting period.

On the one hand, "it could have been worse", on the other hand "next results should improvements across every sector".

It's decent enough for long-term holders, but short-term holders will want to bail, and short-termers are disproportionately driving the markets at the moment so I'm expecting this to drop and stay low until the next TU shows the expected increase in results.