Record Share Discussion Threads

[bdroop] 25/8/2015 08:00

Ah! Apologies. Reliant on a small number of clients for their gains or setbacks...

[qs99] 25/8/2015 07:54

thanks.....will avoid for now, RNS was short / sweet and for an ignoramus like me, not clear!

[felix99] 25/8/2015 07:48

My thoughts are as they were when I sold out a while back - much promise but never seems to perform even when currency volatility should play into their hands to win new clients. Looks like they caught a bath with Chinese devaluation is my only thought of the huge swing? Must mean lovwer fees based on lower value FUM?

[qs99] 25/8/2015 07:45

bdroop, many thanks. i meant on the RNS this morning!

[bdroop] 25/8/2015 07:37

Quality ( and value ) share, with a long formed base around this level, reliant on US pension funds to mitigate currency fluctuation and risk. Which is what we're seeing a lot of right now. Healthy dividend too. My biggest holding currently, so I'm biased.

[qs99] 25/8/2015 07:11

anyone care to comment on this?

[topvest] 17/7/2015 17:06

Trading statement was fine. Patience needed. They have a trading statement every quarter (which is leading edge reporting), but you can't expect massive progress every quarter. Chill!

[felix99] 17/7/2015 14:33

I lost patience about 6 months ago with this. New client mandates seem to be always tomorrow and loads in ever growing pipeline. Even after dollar strength occurred which they said should trigger the flood gates for new business nothing of note happened.

They have been sailing supposedly downwind with dollar strength and then Greek currency volatility and yet winning new clients seems harder than ever.

Good luck but better things out there for me than being parked here.

[spooky] 17/7/2015 13:45

I added today as well; new client mandates should roll out over the next few months leading to positive news flow.

[wjccghcc] 17/7/2015 13:12

Added a few on the dip. I think patience is required. I'm happy with a 4.5% yield and a rock solid balance sheet in the meantime.

[bdroop] 17/7/2015 13:06

I'm happier holding money here than in bonds currently. Patience will be its own reward and feels a very safe stable entity to balance the portfolio up - especially with interest rate changes coming next year and unpredictable yields from fixed income. I admit though I was hoping to see a little gear shift this quarter for growth, but it doesn't put me off, if the rest of my allocations work well and this stays at this level I'll simply buy more!

[boonkoh] 17/7/2015 12:17

Very lukewarm trading statement today. The shares are not on that demanding a forward PE, with a good dividend, but clearly the market was expecting more progress.Whether the divergent monetary policies to come and more currency volatility will help Record this year remains to be seen.

[boonkoh] 28/6/2015 22:58

All the impending volatility of a grexit must be good for Record. I can imagine the phones ringing off the hook.

[bdroop] 19/6/2015 08:46

After a long wait, the macro conditions seem set fair here, fingers crossed and all that. GLA.

[topvest] 16/6/2015 20:13

Good results and increased dividend is a bullish sign. The share price has finally broken out above 35p which has to be a chart break-out. All we need is some nice currency for return contract wins and this would go ballistic. Maybe one day!

[robsy2] 16/6/2015 10:30

Good progress being made here. I am very happy with these results. The only I thing I didn't get was a special dividend....
R2

[robsy2] 14/5/2015 12:20

Hmmh don't know about Friday but like you, I feel this could be moving fwd from here.
Special dividends maybe? , better trading, more client mandates, more interest in their products, a cyclical swing back into fashion for the service they offer, improved margins... Lot's of potential good news and plenty of support for the share price beause if it just continues to plod along (and it's trading well enough as it is),then we'll get something anyway.
R2

[boonkoh] 14/5/2015 10:57

SP testing the upper bounds that haven't been tested for some time. Wonder if it will break through and consolidate around 38p by end of Friday.

[topvest] 24/4/2015 19:21

For me it was overall pretty positive. Currency return AUM up and first performance fee for a few years. Dynamic hedging and lack of any further contract news were a tad disappointing. Steady, if not spectacular progress I feel!

[gargoyle2] 24/4/2015 08:48

Anyone have a better idea than me about interpreting that 4th quarter trading update? AUME has increased significantly.

[topvest] 25/3/2015 21:05

Yes, looks that way.

[gargoyle2] 25/3/2015 13:41

This is going to shoot when it breaks over that 35p resistance imo.

[topvest] 13/3/2015 08:47

I certainly hope so. They could well be rated as a growth company again sometime soon. Their year-end AUM are bound to be up on last year. Lots of the mandates were in Swiss Francs and so they could be significantly up in US$ (1 Swiss France to the US$) when we get the next announcement in April. QV Rank of 93 on Stockopedia, nice dividend, quality business and cheap valuation. That's my sort of stock.

[boonkoh] 13/3/2015 08:36

Investors are like lemmings. Where one goes, others are surely to follow. Maybe this is the start of Record winning many more mandates?

[topvest] 13/3/2015 08:08

And there we have it - a very sizable "return" mandate. These sort of mandates are at better fee rates. I've added some more here. If this is similar to currency for return; they only had US$2.4bn of currency for return product last year-end generating £2.7m of fees so this has to be very positive for them. I would say that if currency for return is picking-up (hopefully helped by volatility and potential interest rate increases) then they could materially increase revenues over the next few years. They did have 10 fold the return AUM at the peak of the last cycle. Anyway, in the mid 30's there is a 4% yield even if things don't develop as positively as hoped. With the EURO, £ and US$ movements in the last few months, not even mentioning the Swiss Franc this should be good for business as a currency trader you would have thought. Also very much like the management team here. They seem a sensible and committed bunch.