Our February this year tip of the month Ricardo (RCDO) has announced a recommended offer from major professional services group WSP of 430p per share in cash. Good news – as our February tip was at an offer price of just 238p per share!
‘Strategic, environmental and engineering consulting company’ Ricardo (RCDO) has noted a “Notice of requisition of General Meeting” and that it “will convene a General Meeting in accordance with the statutory timelines”. This follows a notice from Science Group (SAG) for “a resolution to remove Mark Clare as a director of the company and Chairman of the board” of Ricardo and our 238p offer price tip of shares in Ricardo as Science Group’s to “engage with the Ricardo board and its major shareholders” plays out. So what now, with shares in Ricardo at 247p?
International ‘strategic, environmental, and engineering consulting company’ Ricardo (RCDO) has announced results for its half-year ended 31st December 2024 emphasising “although we have experienced some market headwinds in the first half, which impacted the timing of orders, we delivered an improving operating profit performance year-on-year”. So are the shares cheap now at a 220p share price?
Environmental and engineering consultancy Ricardo (RCDO) has announced results for its year ended 30th June 2024 and that “robust year end order book and good pipeline visibility gives confidence for FY 2024/25”. How good is the news from a current 486p share price?
Shares in environmental and engineering consulting company Ricardo plc (RCDO) commenced 2024 by rising back towards 500p having exceeded 600p in the prior year. They are now though back to some way below such levels, but a recent trading update sees us consider that they can exceed 600p again and, with a useful dividend whilst we wait for capital gains, they are a Buy.
