Record Share Discussion Threads

[cerrito] 20/12/2024 22:12

I have not paid my holding here very much attention over the last 9 months but the recent continuing share price fall has made me focus if I should buy more. I was misguided enough to top up in January this year. I have held for 15 years approx.
I note we have had no change of holdings RNS since at least March 31 this year and as far as I can determine Neil Record has not sold down since end Mach.
Trading volume so far this month is in line with that of previous months.
I note that based on the annualized basic H1 eps we are trading at a pe of 10x.
I reminded myself that book NW is £28m and current marcap is £108m.
More work to do.

[cwa1] 19/12/2024 11:39

It did go XD at the end of Novemeber and the DOW had one of its biggest recent falls yesterday, so not hugely surprising that there's a bit of weakness

[brucie5] 19/12/2024 11:29

Why is dropping like a stone?

[cerrito] 01/12/2024 08:53

As someone who has not been organised enough to listen to tje IMC presentation, thanks Robsy2 for your write up.
Strong hold for me as well.

[robsy2] 29/11/2024 07:50

I note that Thomas Arnold has bought 358 shares....
I think RNS's cost money to publish. Anyone got any idea how much this info cost the company?

[konradpuss] 24/11/2024 15:13

Record got a hold to buy recommendation from Simon 'Puffer' in the I.C. this week.

I actually think he is spot on however currently the market thinks otherwise.

From the Investor's presentation it appears the management has been doing the rounds trying to get across what they are trying to achieve.

[brucie5] 15/11/2024 15:13

Good assessment, Thx.

[mpage] 15/11/2024 14:03

I think these are a quietly encouraging set of results under the new senior management team.

The costly IT farce has been sorted and the crazed notion of a bitcoin fund dropped in favour of the steady, reliable and partially inflation-linked fee income of an infrastructure fund alongside the other two unique fund offerings.

Overlooking the temporary payment of two sets of rent, the new leased office in London will invigorate existing staff and provide access to a much wider pool of talent as Record continues to make progress as a specialist asset manager.

[brucie5] 15/11/2024 13:49

I'm glad there's someone else here. All good it seems on the the good ship Rec. And a new infrastructure fund being added to the mix, I understand.

[martinmc123] 15/11/2024 11:19

3*
Record Plc posted fairly average Interims this morning. Revenue was down 2% to £21.1m in line with expectations following a restructuring of a large client mandate. Profit after tax attributable to Record plc shareholders was £5.0m up 5%, Basic EPS attributable to Record shareholders was up 4% to 2.58 pence. The Interim dividend was maintained at 2.15 pence per share. The balance sheet remains strong with net cash of £14.3m. Encouragingly there was 4% growth in Assets Under Management during the period to a new high of $106.0bn...from WealthOracle

wealthoracle.co.uk/detailed-result-full/REC/981

[konradpuss] 15/11/2024 07:23

If the performance fees continue to roll in during the second half they might well be a special dividend. They are currently ahead of last year at this point on the performance fees.

[robsy2] 15/11/2024 07:20

Assuming no special divi this financial year, we can expect a total payout of 4.6p which is around 7.4%.That works well enough for me.

[robsy2] 15/11/2024 07:15

Steady as she goes with the divi held at 2.15p. I did note the following;

"We continue to see opportunities for earning performance fees in some of our Passive Hedging mandates, with £1.6 million earned in the period compared to £1.5 million earned in H1 FY24. However, the exceptional performance fees of £4.3 million earned in H2 FY24 are unlikely to be repeated in the second half of this year."
While I can't see us hitting the 140p price target any time soon , we plod on profitably, dividends look safe enough and there is some growth in the pipeline.Strong hold for me.

[martinmc123] 25/10/2024 10:14

3*
Record plc issued a fairly brief trading update which was reasonable looking but not particularly exciting. AUM increased US$3.3 billion to US$106.0 billion with positive foreign exchange movements offsetting modest outflows in dynamic and passive hedging and the discontinuation of a custom interest rate swap portfolio. No performance fees crystalised in Q2 2025 but H1 2025 performance fees were £1.6m, slightly ahead of prior year H1 2024 at £1.5m...from WealthOracle

wealthoracle.co.uk/detailed-result-full/REC/912

[brucie5] 25/10/2024 09:19

TU today - steady does it. Looks like a bottom to me.

[wjccghcc] 17/9/2024 09:49

Suspect it’s more to do with CGT likely increasing in the budget.

[konradpuss] 17/9/2024 08:30

Probably had a big credit card bill to pay! Who knows.

[cwa1] 17/9/2024 08:13

Blimey, this makes me feel happier, not...

[konradpuss] 16/9/2024 08:19

Does anyone have access to the Panmure research or is it available somewhere on the net?

[wallywoo] 13/9/2024 14:28

Picked up some cheap stock here at 61.7p. Looks fantastic value to me. Hope the trend changes soon!!

[brucie5] 21/8/2024 15:51

Added. We might fall further to 60p for a double bottom but in value terms that would make no sense. Sooner or later I see this following similar trajectory to TCAP and PAY. It scores a 99 on Stocko Quality as well as Screen of Screens. Then we have further possibility of special dividends and of course that Panmure Gordon TP of 1.40 - be that as it may.

I'm in no hurry.

[brucie5] 06/8/2024 15:30

Yup, I realise.

[yasrub] 06/8/2024 13:16

The date of the post was nearly a week ago not with reference to the Friday onwards wider market movement.