Record Dividends - REC

Record Dividends - REC

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Record Plc REC London Ordinary Share GB00B28ZPS36 ORD 0.025P
  Price Change Price Change % Stock Price Last Trade
-1.20 -2.93% 39.75 16:35:15
Open Price Low Price High Price Close Price Previous Close
42.50 38.00 42.50 39.75 40.95
more quote information »
Industry Sector

Record REC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

thewheeliedealer: Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes REC. We also chatted about loads of other Stocks and Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing which this week included the concept of ‘Badwill’ and a lot on how we seek out ‘under the radar’ stocks. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 34) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://
spooky: I would hazard a guess that you are selling because REC are one of the few shares you own that are up on a bad day for the market. It may make you feel slightly better for a few minutes/hours, but those are invariably the ones that you should be holding on to IMO.
lord gnome: I've also taken the opportunity to bale out today. Nothing wrong with REC, quite the opposite, but no harm in taking an unexpected profit in this market. Good to have a bit of firepower with so many bargains on offer. May buy back in if the share price does manage to reverse ferret.
frazboy: The trend is your friend... maybe? Having sold out on the rise I started buying back in today. Hoping the seller will provide me with a better opportunities to add as the value stock and dividend paying fundamentals appear to still be intact.
cwa1: First quarter Trading Update... Chief Executive of Record plc, Leslie Hill, commented: "Following a challenging preceding quarter to 31st March linked to the impact of covid-19, Record's AUME increased by 8% in the quarter, including favourable underlying market movements of $3.6 billion. "One of our strategic priorities for the current financial year is to enhance the capabilities of our marketing infrastructure to facilitate our accelerated growth plans. During the quarter, the Group appointed KPG Capital Partners LLC, a US-based third party distributor with broad institutional reach across North America, which will enhance Record's existing distribution capabilities in a key market. "While competition and fee pressure linked to our Passive Hedging products persists, we continue to respond by enhancing our products and service offerings. We have diversified our product range with the launch of a new multi-asset offering, Dynamic Macro Strategy and have made good progress in developing our market-first, innovative Impact/ESG bond offering, although the ultimate timing of any potential launch remains uncertain. "Record continues to illustrate its resilience and to operate effectively through the crisis, maintaining the strong relationships with its high quality, institutional clients by providing the highest levels of service and communication. This is testament to the strong commitment and capability of our people, and gives me confidence that we can succeed in achieving our goal of continued growth that I outlined at our recent full year results."
konradpuss: Robsy2, there was much mention of growth. I think at heart Neil Record is very conservative. If that can be married up with growth, you have a great combination. I will continue to hold for the dividend and the possible growth.
robsy2: Excellent results. Bonus dividend,turnover up, client numbers up, PBT down a bit, EPS likewise,AUM up, Big net inflows and a renewed sense of purpose about the business. Covid issues aside, REC is showing signs of turning into a growth stock.If they can keep winning buisness as they have been and the markets more or less behave themselves then 2021 will be a good year. Who knows , we might see 50p again. If we did and they keep the divi at 2020 level that is 2.71p inc bonus . then at 50p it would be yielding a cash covered 5.42%. With growth that could get to 6% plus easily enough. I can certainly see 40p plus in the short term. The final dividends alone are worth 1.56, that's a 4% return payable 11 Aug.
masurenguy: A reassuring update 22 April 2020 With more than 90% of assets under management equivalent (AUME) linked to equity and other market levels it was not surprising to see Record’s AUME fall by 9% in the quarter to end March. Positively, flows and client count moved little in the period. For FY20 as a whole AUME was up 2% in dollar terms, inflows were equivalent to 8% of the opening level and the number of clients increased by 11%. The group acts on a purely agency business, and has a sticky institutional client base and a strong net cash position. Q4 AUME falls but flows positive for quarter and year The AUME figure of $58.6bn for end March was down 9% compared with the end of December 2019 (and by 3% in sterling terms to £47.3bn). This was a satisfactory outcome given that nearly all passive and dynamic hedging and some multi-product mandates are linked to underlying equity or other market assets. On client AUME flows, a short-term tactical mandate of $1bn terminated in the period (previously announced). There was an inflow of $1.1bn into passive mandates, which, with other flows, meant a virtually neutral overall position in terms of client flows. The client count was also effectively stable at 72 (73 end December). As would be expected, market moves were substantially negative, knocking $4.5bn off the total while currency movements deducted a further $1.7bn. Record indicates that there has been no change in its dividend policy (cover of at least 1x) and that it expects to maintain payment of its ordinary dividend (full year 2.30p, implying a yield of 3.5% for the final payment alone). Volatility poses challenges but may also help Heightened volatility, reduced liquidity in foreign exchange markets and a move to remote working have presented challenges for currency managers but Record has continued to execute its mandates on behalf of clients without disruption, demonstrating the resilience of its operations. Client engagement during recent weeks has been strong and the market background seems likely to encourage clients and potential clients to maintain or add to risk-management mandates. Valuation Our EPS estimates for FY20 and FY21 are reduced by 3% and 24% respectively, primarily because of lower AUME following market moves. Nevertheless, the shares trade on a calendar year 2020 P/E below the peer average (or broadly in line for FY21). As before, our FY21 estimate does not assume any performance fees.
robsy2: You may be right. The year was going very well up to feb 29th. As expected the strong USD will help reported income. This is resilient performance , client numbers up significantly , AUM up despite the virus, a fairly poor performance from the products themselves though the hands-on currency for return pruduct did really well. No performance fees earned,divis look safe. The policy is unchanged so the divi could be the same as last year 1.15 int + 1.15 final. If they paid a special of 0.5p then the divi would still be covered by EPS, forecast to be 2.9p, so that works. If it opens at 35p , pays a divi of just 2.3p for the year, then that is a 6.57% divi. Not bad for what could finally (fingers crossed) be morphing into a growth stock. If it can have a good 2021 and really grow, it could finally re-rate back to nearer 50p.
konradpuss: Now how safe is the 'Record Plc' dividend? Well last time around, much of their profit was based on income from currency funds. This time it is consultancy. My hunch is that their clients might squeeze them for a reductions in management fees, however the virtual funds they 'manage' will stay relatively put. I think if they produce some O.K. numbers in April and the dividend is maintained (the special dividend is a bonus) then there could be a realisation that Record Plc is not going to hell in a hand cart. We could then all wish for a re-rating.
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201125 03:00:35