Record Share Discussion Threads

[chrisdgb] 20/1/2012 12:01

I am convinced a bottom has been performed, my only fear is that with a decent stake the management launch a 'cheap' takeover bid..

[hugepants] 19/1/2012 20:51

topvest

Heres a recent note from Edison


They have forecast 1.3p eps and dividend maintained at 1.5p for next year.

[hugepants] 19/1/2012 11:43

11.25p now. Hefty drop here this morning. Shirley oversold?
I make net cash + investments held for resale equal to current market cap.

[hugepants] 17/1/2012 22:40

nice summary minty, thanks

[142minty] 17/1/2012 14:34

It means AUME shrunk by $3billion in the last quarter ( $28b to $25b). However REC had already warned the market of this ( loss of one mandate in DH and redetermination of their fee structure with another client ). The pluses are in there as well . 1 new swiss mandate awarded of $1.9bln and they are expecting to capture more business in this financial year , especially in the US where they now employ two specialits sales consultants. This isnt going bust or private.Still plenty of cash on the books and large insider ownership makes this safe and i see the share price ghoing only one way this year unless the markets go into meltdown ( which is very possible).

[chrisdgb] 30/12/2011 10:17

definitely on my radar....whether that is good or bad..!!

[mali7] 15/12/2011 09:52

13p looks like bargain to me, based on fear it has fallen a lot

What is the latest cash position of this company? Fool article above mentions about 8.9p/share in cash or so and is profitable as well, so not many companies like this available today? Directors bought recently in at around 15p. I guess a bit more research and this share could reward the patient one next year sometime.

Even though div cut, if interim maintained, still would provide a div of over 10%, it has fallen a lot since flotation and person owening a 1/3rd of the company, should really just take it all private for the cheap at current price, as investor clearly not interested looking at share price and trade volume.

[hugepants] 05/12/2011 22:12

Thats the one.
I just realised the drop on friday was because it went ex-dividend.

[gunner_ni] 02/12/2011 16:56

HP, could you provide a link to the mention on TMF, please.

[hugepants] 28/11/2011 12:35

Bought some this morning after seeing it mentioned on TMF.
Current trading probably not great but they reiterated total expected dividend of 1.5p (10% yield). And more than 50% of the market cap covered by net cash.

[levr] 20/11/2011 17:48

The results presentation is available from their website - in particular page 26 shows the 'cash bridge'.

[qvg] 19/11/2011 07:25

timanglin
you must be including dividend payments in your "cash burn" calculation. I think the generally accepted use of that term would not include dividends, which could stop tomorrow if the company was worried about the cash postion. I associate 'cash burn' with early stage or unprofitable companies. Record is still profitable (alebit less so than when I bought it!) and had positive cash inflow from operating activities of 2.3m in the most recent 6 months

[timanglin] 18/11/2011 13:24

If I ahve read the accounts correctly there has been a cash burn of 8m this year???

[142minty] 17/11/2011 15:47

This lot must be trading at their cash level (with no debt)- surely?

best

minty

[horndean eagle] 16/11/2011 09:51

To think Neil Record was whingeing about the valuation given to Record when they floated. He thought it was far too low. In hindsight he got big fat pay cheque at the very peak of the market. Surprised he doesn't just buy the rest of it back. Loose change from what he cashed in previously.

[topvest] 16/11/2011 09:37

Yes, waiting to get in at 10p or below myself. Their business appears to be disappearing fast. I think this will stabilise at some point, but market conditions have been against them. Too early to start a position at the moment I feel until there is some good news from them / definitive sign that they are stabilising the business or actually growing.

[masurenguy] 16/11/2011 08:55

More selling and another all time low this morning with the midprice @13.75p and actual Sells going through as low as 13.05p. At the midprice the market cap is just £30.5m with no debt, cash of £24.7m at the end of March and likely eps of circa 3.1p/3.4p in the current year. After stripping out cash, the business is currently worth circa £7m or the equivalent of this years likely profit after tax !

[142minty] 07/11/2011 09:43

They will pick new DH business up again by the end of calendar year to more than cover that loss in my view ( hints in last updates) .That is assuming no complete meltdown and massive withdrawal from all funds everywhere , which looking at the climate as we speak is a distinct possibility! I would like to know how they are doing on their "Stressed Euro" product - you'd think they be having a humdinger with that one at the moment....

[topvest] 04/11/2011 19:50

Nasty - that's 10% of the business! Record don't seem to be having any good news at the moment. Still interested in getting aboard here, but not yet!

[masurenguy] 04/11/2011 14:12

More bad news - glad not to have any current position here !

RNS Number : 5262R
Record PLC
04 November 2011

BUSINESS UPDATE

Record plc ("Record" or the "Company"), the specialist currency investment manager, announces today that it has been advised by its second largest dynamic hedging client of its intention to terminate its mandate shortly. Record received £2.6m revenue from this client in the year to 31st March 2011 and had anticipated a similar level of revenue in the current financial year. Record anticipates that this will reduce Pre Tax Profits by approximately £0.6m for the year ended 31st March 2012.

Record will announce its interim results for the six months ended 30th September 2011 on 18th November 2011. Record anticipates that Pre Tax Profits for the six months ended 30th September 2011 will be approximately £3.7m.

[masurenguy] 14/10/2011 07:27

RNS Number : 1611Q
Record PLC
14 October 2011

QUARTER TRADING UPDATE

Record plc, the specialist currency manager, announces today that as at 30th September 2011 the Group's assets under management equivalents ("AuME") totalled $29.2 billion (30th June 2011: $31.4 billion). AuME expressed in Sterling as at 30th September 2011 totalled £18.8 billion (30th June 2011: £19.5 billion). Record saw an overall decrease in AuME when expressed in both US Dollars and Sterling during the period between 30th June 2011 and 30th September 2011, largely due to the fall in global stock markets. Record had 43 clients at 30th September 2011, compared to 44 at 30th June 2011.



Record managed $54.7bn in AuME as at 30th September 2007, which was just prior to their FTSE listing
in December 2007, so over the past four years this figure has almost halved in size.

[142minty] 03/8/2011 14:25

something going on? good rise and volumes bought on a generally poor day>probably someone investing their whole divi back in !