Record Share Discussion Threads

[chrisdgb] 20/4/2012 08:56

Let us hope so, that is a yield of over 11%........staggering value remains....I am awaiting the JP Morgan view...

[topvest] 20/4/2012 08:35

yes - i would have thought it will be maintained at the rate indicated. Next year is now the ?

[knigel] 20/4/2012 08:28

S/b a dividend this year??

[topvest] 20/4/2012 08:10

Yes, slightly more positive..but not sure whether it's a sustained increase or a blip on the way down. They still aren't winning new mandates.

[chrisdgb] 20/4/2012 08:06

Yes this is looking like a fantastic recovery situation....let us hope we get some fresh mandates as well..should be over 20p..

[t1tch] 20/4/2012 08:03

And clients up (by one....), I've been following REC for about 2 years, it's the first increase I remember.

[masurenguy] 20/4/2012 07:10

Record PLC
Trading Statement
RNS Number : 7126B
20 April 2012

FOURTH QUARTER TRADING UPDATE

Record plc, the specialist currency manager, announces today that as at 31st March 2012 the Group's assets under management equivalents ("AuME") totalled $30.9bn (31st December 2011: $25.4bn). AuME expressed in Sterling as at 31st March 2012 totalled £19.3bn (31st December 2011: £16.4bn). The Board anticipates that pre tax profits for the financial year ended 31st March 2012 will be approximately £6.5m.

In early April, the largest remaining investor in the Active Forward Rate Bias Pooled Currency for Return fund (Cash Plus) redeemed its investment. This has led to the closure of the fund as the remaining fund size was unviable, with other investors either redeeming or switching into other pooled funds. Record continues to offer pooled funds in Passive Forward Rate Bias, Emerging Market and Euro Stress strategies, as well as segregated Active Forward Rate Bias mandates that maintain this product's live track record.

Chief Executive James Wood-Collins, commenting on trading, said "It is pleasing to see AuME rise in the quarter and we believe that the business is well positioned to secure further hedging mandates in the coming financial year. "We continue to see heightened interest in Dynamic Hedging in both the UK, albeit in a more competitive environment, and in North America. Whilst it is disappointing not to have yet secured any further mandates, we remain committed to marketing and promoting this product in all these markets. In the US we are optimistic that in the coming financial year we will start to see the benefit of our investment in a local sales executive. We also continue to be confident about the appeal of our Passive Hedging product, in particular to Swiss clients."

[chrisdgb] 19/4/2012 09:14

I really hope we get some positive stuff tomorrow.......

[pictureframe] 18/4/2012 21:40

Chart is looking interesting - another spike at close

[pictureframe] 18/4/2012 13:03

Leaky Leaky me thinks

[chrisdgb] 18/4/2012 09:51

Lots of volume behind the scenes yesterday/day before, WINS printed nearly 4m shares..

[142minty] 17/4/2012 12:02

Trading update is on friday this week - should we read anything in the fact that they have chosen a friday for this ( i hope not)

[chrisdgb] 17/4/2012 10:08

Let us hope the company recognise the investor concerns of recent months and set out a clear statement.....positive would also be good..!!

[orinocor] 16/4/2012 14:11

On the watchlist. I was considering a purchase here until I read that one customer contributes 50% of the revenues. That's a red flag for me.

[chrisdgb] 13/4/2012 10:07

Trading update next week.....

[hugepants] 08/4/2012 18:55

I think revenues can drop by another 50% before REC will actually start losing money. For H1 admin expenses were £7.2M but that includes £1.6M Group Profit Share (GPS). If operating profit goes down to squat then I assume no GPS and admin costs are £5.6M per 6 months. Therefore say £11.2M revenues per annum for breakeven. REC had had that for the first 6 months alone.

Also noticed this from the interims:

"Under the GPS scheme rules, the intention is to purchase shares in the market following the announcement of interim and full year financial results."

Ive not noticed any shares being bought back previously.

[pictureframe] 29/3/2012 13:34

Who knows for sure but I reckon it will break up soon.

[ayiman] 29/3/2012 10:26

Very strange buying activity here 9m on wednesday zero yesterday and 2m early today. Little movement in the share price What is going on?

Ayi

[hugepants] 29/3/2012 09:35

isn't that 2 * 1M buys?

[142minty] 29/3/2012 09:18

id like to know who bought the 9mln shares a couple of days ago - why havent we seen a notification of this??

[chrisdgb] 29/3/2012 08:43

1m cross just gone through at 11.5p...

[142minty] 28/3/2012 08:45

HP

yes you are right, sorry. year end end of march , announcement in June.Thanks for the correction
best

M.

[chrisdgb] 28/3/2012 08:18

Will look out for any announcement...build recovery from here..

[hugepants] 27/3/2012 21:26

Minty
Results were in June last year so I don't think they are imminent. But fourth quarter trading update is on 20th April

[hugepants] 27/3/2012 13:08

If you read the accounts they say they have enough cash to cover 2 years operating costs. I assume that's with no revenues at all. That gives an idea of the margin of safety here.