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Oh, it HAS gone over the 450 mark... I know 'cos that's when I bought in! ;-)
What strength, the sp has been nothing but pure disappointment , has not gone over the 450 mark . I keep adding too to lower my average and because i believe in the co's future but i hope we wont all regret it.
Really hope you are right papucel
Does seem to show strength then drop back, strength again...
Have added today, hope we are at the start of a new cycle
mydogsbestfriend,
Some times the price movements have nothing to do with the company at all it is just the major investors prefer to over cash to other companies in the hope that they will raise faster and then move the money back. In US they call it Rotation but actually it is just cash use speculation.
40p price drop in the past week. Does someone know something we dont. Any ideas???
Trading update in July
Been a holder of this for a while, so I should know when the trading update is due, but there should be some news soon. Anyone know when?
I have been a holder in RCDO for a long time , always believing that the business model is very correct, the co has very little debt and that the green energy industry in which the co has a more and more prominent position in r and d , has so much potential.
The sp though has been nothing more than a huge disappoitment coming down all the time.
I am still adding though as i believe it will sooner or later show its true potential.
My biggest worry short term though is that the co is so much undervalued that it could become a TO target but the prospective buyer could snap up the co at a very low price.That would leave us long term holders of the sp nursing huge losses .
Another very good sign is that the daily trading volume of the stock has gone up x 3 and 4 which means that a lot more people and entities are investing in theco.
johnpwh on which day is the trading update?
Don't loose confidence if you believe in the business model as I had been through sheer hell with AZN, GSK and BAE because constant shorting and mischief. Keep in mind that drop in price doesn't necessary mean that people sell lot of stock. The shorters trigger just 1 share sell transactions to drag the price down. DYR so see hoe many are in day :)
I don't know the history of this company and I am new to this board,
1. does it have a chance to go back to Jan 2020 levels ?
2. have ever been speculations to be bought?
This is just sinking by the day. Beginning to lose confidence
Last year there was TU on 6May.
I bought some share today of Ricardo and hoping it returns to ftse250 again will be good.
Ricardo have built a new electric vehicle test and research facility.
4 dynamometers, seems like a good idea.
I topped up for 1st time in a while as fallen back a little lately, still hoping to a good rise sometime.
Haven't been paying much attention lately need to catch up, and perhaps put in a bit more?
Are they simply not seen as having a potential killer EV solution/battery rather than incremental refinements to existing engine design? I am invested here and share your frustration.
This is a crazy situation. I'm not going to say that in absolute terms the company is either over or undervalued. But relative to other companies it surely is - fly by night fuel cell companies with no track record, virtually zero turnover and no hope of profits for years (if ever) are valued at many times that of RCDO because of perceived 'prospects' (accompanied by investors with crossed fingers and toes). Ricardo with a hundred years of history and success, contract with the US Military, designs for McLaren, fingers in a diversity of green technologies etc etc. Market cap of £250m, when tiny near start ups are in the billions?
Trouble is that despite my perceived logic I cant see this changing any time soon.
Hi,
I am new to this board, and this is my smallest co holding. I am surprised to see the same manipulation of the SP as I saw on the largest co's. GSK, AZN, BAES. had been decimated 20% drop at virtually no bad news, just interpretation that any news is bad and a reason to drop the stock.
Do not be mislead that the display SP is actually the demand/ supply price, the hedge funds trigger 1 share "transactions" which you can see if you have access to the full LSE transaction list, so they "induce" a down trend to mislead the retail shareholders. Every time when BAES was signing a new military contract the share went down. Without a major announcement, it won't change. Even at a "meet the expectations" results GSK dropped in 30 min 14% as people were panicking seeing the price doing down and not realising that they were just 1 share transactions and very small ones.
Would RCDO be able to reach is Dec 2019 operational level?
Re - project Fresson
Https://leehamnews.com/2021/04/09/bjorns-corner-the-challenges-of-hydrogen-part-32-wrap-up-going-forward/
Https://www.theengineer.co.uk/caes-project-fresson-ricardo-uk-innovatus-technologies/
“Ricardo’s input in helping us to kick off this piece of work was invaluable for me as the lead because they brought industry expertise into this project. The team helped us to understand the challenges surrounding decarbonising our large operational fleet and the heating of our buildings.
“Ricardo was able to offer us the step-by-step approach we required to address both the net zero commitment and to ensure we are being as efficient with our budget as possible.”
https://www.energylivenews.com/2021/03/29/surrey-police-seizes-the-goods-to-reach-net-zero-by-2030/
Leading automotive design consultancy Ricardo has been named the winner of the Grand Prix at the 2020 British Engineering Excellence Awards.
https://www.beeas.co.uk/
https://www.youtube.com/watch?v=CDeyY0FfcmI
Mentioned today in the Telegraph with good positive notes and the sp goes down. We add some more then !!!
PS I have to add though that customer services from both RCDO and Newgate which is the investor relations co is shambolic. For more than a year now i have requested they update the major shareholder list which is very useful for us to know and neither have even bothered to reply.
Totally unacceptable !!!!
No the co has been working with US military for a while now. This is still way undervalued, the more exposure the co gets in the EV and Hydrogen , the higher the sp should go ! Will it though as so far the sp's performance has been very disappointing. I am still adding at this level .
we won a landmark $89m contract and our mcap is miesly £300m, need a material rerate here!! Hopefully analyst upgrades in the pipeline!
Not sure but the RNS does say that some new builds and 'recapitalised' vehicles already have the kit. If its RCDO tech than I assume not