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Share Name Share Symbol Market Type Share ISIN Share Description
Record Plc LSE:REC London Ordinary Share GB00B28ZPS36 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -1.63% 48.30 48.30 50.00 48.30 48.30 48.30 21,977 08:00:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 25.6 7.7 3.3 14.8 96

Record Share Discussion Threads

Showing 826 to 850 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
22/1/2021
22:22
Well, just as long as they are generating positive returns, which seems hit or miss at best.
trident5
22/1/2021
21:00
speny, Not all REC AUM are born equal, margins on passive mandates are approx 2.5bps whilst dynamic mandates accrue around 15bps (so 6 time more valuable - worth over $40bn passive). Hence the importance of the recent $8bn dynamic win.
cockerhoop
22/1/2021
16:55
I've recently found myself wrangling over whether to sell or continue holding. With the recent dividend, I'm up just shy of 30% and have to ask myself where will this be in the next 2-3 or 5 years. Looking back at the accounts over the past 5 years, revenue has marginally crept up, although profits have been rather static, yet may edge up. When calculating their revenue compared to AUM roughly £26m into £75B it translates to about 0.035%, so I wonder where revenue growth will come from? Having AUM of £75B is no small potatoes, and I guess doubling that to 150B is no easy task. Due to their business being very specialised and one which is generally behind the scenes, it's extremely difficult for the private investor to build a model on where this is going over the next couple of years. I think this is probably why there are very few posts either here or on lse, it's difficult to know what to discuss in relation to this company. BTW I'm not in any way knocking the company, they just get on and do what they do, but it's not so easy to measure like mining for gold, building houses, selling insurance etc. If anyone would like to comment, please do otherwise it will be back to Zzzzzzz until the next update.......
speny
22/1/2021
11:58
Presumably, the fees from additional AUME will all feed down to the bottom line after staff/management get their performance fill, but with no other costs.
trident5
22/1/2021
08:05
The results look pretty good . They are clearly moving the business forwards though I note the careful wording that makes no specific reference to profitability.It seems clear that they have invested to get the growth so profits will be falling in year end 2021. Also no performance fees. The divi of 2.3p for the year looks safe enough given the reserves they have,so that gives us around 5% which is okish. If they can turn the investment into long term profits, as they expect to do, then the profitability should spike up nicely and the divi also but that is FY22. Analysts expect a divi of 3p for year end 2022 and 3.9p for 2023, with a price target of 60p. seems ok to me.I'm holding and might buy more on weakness.
robsy2
03/12/2020
12:10
Cerrito, You are aware of the respective profitability of the dynamic and passive AUM's? The $8bn dynamic mandate is a pretty big deal (worth perhaps $30-40bn of passive AUM) and has led to decent upgrades for FY2022. The new Dublin based Impact fund will also be at significant higher bps than passive. Together they also signal the company is now more aggressively targeting new higher margin business under the new management team.
cockerhoop
03/12/2020
11:32
XD this morning, just for the, ahem, record :-)
cwa1
03/12/2020
10:02
Can anyone explain why the price is so high even after this morning's drop? I have reduced my holding by about 15%.
cerrito
27/11/2020
17:12
Quite a big nagging doubt really. Anyone got any thoughts?
robsy2
27/11/2020
17:10
It normally retraces but it may have found a new base around 40p. Who knows. All a bit bonkers here at the moment but this is a good company paying excellent divis and Solid divi payers are thin on the ground right now so i can see the attraction especially now we now have the possibility of real growth in the business. The only nagging doubt i have is that i don't really know if they are actually any good at what they do....
robsy2
27/11/2020
08:29
Surprised by the strength even allowing for the brief ST premium. I'm out for now but will buy back on further mandate wins (at the right price) or significant weakness (of course!).
frazboy
26/11/2020
23:27
They never earn any performance fees until Q3 going from memory - then the analysts upgrade forecasts. Will probably (?!) be the same this year - who knows. ST lurking here does no favours just increases volatility. He's been promoting this for years - to little effect. It's the green shoots of growth becoming evident that will increase the share price here and to be frank we will have to wait 18 months or so for that to pan out.
podgyted
26/11/2020
18:34
trident5, in the long run it's the results that matter, as you would I am sure agree not some 'yuppie' blogger on a tip sheet 'pumping and dumping'. One hopes that the extra expenses will lead to more clients and growth. If they can pick up another large mandate like the one they picked up a couple of months back plus some performance fees, the share price will repay my/your/our patience. The dividend helps in the interim mind.
konradpuss
26/11/2020
14:59
DT - not sure that a ST plug will explain and soothe my worries. The price action on these tips tends to quickly reverse once the traders leave.
trident5
26/11/2020
14:53
they at home anyway i would imagine :-))
dicktrade
26/11/2020
14:22
CEO, CFO, CIO, COO, Heads of Portfolio Management, Human Resources, and Client Team and Director of Strategic Initiatives all got shares under the GPSS - lots of Chiefs. I don't understand how issuing 25,000 shares to Chiefs who then have to sell 23,375 to cover the cost of those issues serves any useful purpose to anyone other than HMRC. It would be better just to let them go home early this Friday. Price spiked up at noon.
trident5
26/11/2020
14:19
trident , another plug from ST today will explain and soothe your worries.
dicktrade
24/11/2020
08:24
I was hoping that the new CEO would take a scalpel to the costs of this business, rather worryingly, the opposite seems to be the case. I'm not sure the business actually serves a purpose - was the 2bp passive performance before or after fees? A dynamic hedging client would have lost money over the last year and that's before fees!
trident5
24/11/2020
08:15
£2m of annualised cost increases is quite significant - wasn't expecting that, and it means that the new mandate won't flow to the bottom line quite as effectively as I was expecting. Slightly disappointing.
frazboy
24/11/2020
08:15
Anyone know what happened to their "lifestyle business" they set up last year - Track Record Ltd? That doesn't seem to get a mention.
trident5
24/11/2020
07:50
Indeed. The results are ok , nothing untoward, business growing , good pipeline , maintained dividend.Investing for growth has increased costs but it is plodding along reasonably well. There are no performance fees again but the bad performance of the return seeking strategies is disappointing.
robsy2
29/10/2020
14:21
It comes on at 53mins approx - I am not that inpressed it would be better if the two presenters did more research before their discussion sounds like two mates down a pub rather two serious proffessionals but may be thats what they are trying to acheive.They are at least trying to discuss shares under the radar and get the listener to do more research themselves.
mark1000
27/10/2020
20:19
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://soundcloud.com/user-479955511/conkers3-wheeliedealer-34-how-to-find-winning-stocks-ixi-g4m-rmg-sdi-rec-elix-gsk-ai
thewheeliedealer
21/10/2020
13:29
Trident, sometime I guess they call it right, sometimes they call it wrong. I wonder what the results have been for Record with the reduced fees and added performance fees (when earned)? i.e. have Record been better off or worse off?
konradpuss
21/10/2020
13:05
The continued lack of performance fees does suggest that their clients get more puff than substance.
trident5
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
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