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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
  7.30 23.03% 39.00 38.00 40.00 39.50 32.50 32.50 1,225,481 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 25.6 7.7 3.3 12.0 78

Record Share Discussion Threads

Showing 451 to 475 of 800 messages
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DateSubjectAuthorDiscuss
01/10/2015
14:57
That's a disappointing client loss but at least it won't take effect for a few months. Trouble is this is higher margin business and c10% of their dynamic hedging book. Need some contract wins I guess. Still think this is a good business and these wins will no doubt come sooner or later. Happy to hold.
topvest
01/10/2015
08:56
I have sold down my holdings.I'll stay on the sidelines for now. There has been much talk of engaging with prospects and clients but the clients seem to be leaving.... so I am as well for the time being. R2
robsy2
30/8/2015
17:26
It's a bit disappointing but was already flagged that this might happen. Short to medium term prospects are still very good in my view.
topvest
28/8/2015
10:02
Thanks TMF More or less as expected. 2016 mitigated by having 1/3 of the income booked. The positives remain in place . + more volatility is good for business + conservative forcasts.no new mandates factored into the forecast figures. + 3 year track record helps sell the higher margin funds. + divi high and secure Let's see if they can deliver their clients and us something. R2
robsy2
28/8/2015
09:01
Edison broker note out http://www.edisoninvestmentresearch.com/research/report/record16
tmfmayn
25/8/2015
11:58
I would be a little careful with those calculations, my information is that they are inaccurate, you may wish to call the company directly.
spooky
25/8/2015
11:54
yes you are right. Ok ,lets have another look, rough figures, so please correct me if I'm wildly wrong... year 2015 return seeking strategy revenue 2.8m of the 20m turnover.so 4.9 down to 2.1 means a 57% drop in fees for the whole year so that is a drop of 1.6million. so adjusted income 2016 7.7 less 1.6 = 6.32 tax at 22% post tax =1.39, leaving net income 5m GBP ish in 2016 against 2015 figure of 6m GBP . a reduction of 17% eps 2015 2.65 eps 2016 2.65 -17% = 2.2p, dividend cost 1.65p so yes not good and yes its material but I still see a dividend being paid and mandates can be won, they suggest that this money may flow back in, i did in 2015 and it is only the second quarter of 2016 year Or is this a sign of something more serious? R2
robsy2
25/8/2015
11:26
Robsy2 -- think return-seeking AUMe now $2.1bn (4.9 at Q1 less 2.8). my rough sums suggest hit to revenue of c£2.8m and something above £2m on profits.
tmfmayn
25/8/2015
09:58
I've topped up,had to pay 32p,so they are already off the bottom.At 32p the yield is 5.5%. Overreaction, IMHO. Return seeking strategies year end 2015-4.86b now 3.8b, at 16bps means a bottom line hit of 600k GBP ie a 2.87% fall in net income. Clients will come and go and with quarterly reporting you get a blow by blow acount , maybe too much information. R2
robsy2
25/8/2015
09:05
Doesn't look like they've lost the mandate as they say its size may continue to be volatile. Looks more like the client adjusts the amount from quarter to quarter.
wjccghcc
25/8/2015
09:01
Surprised for the fall. Part of the new mandate was temporary anyways and due to be unwound at some point. But they have lost the new mandate and more from one client, which is troubling.Fall seems really drastic though.
boonkoh
25/8/2015
09:00
Seems a bit of an overreaction. Net, they're only down $1.05bn since the Mar year end position of $55.4bn. Agree it's currency for return so a higher fee rate, but a 22% fall in the value of the company when 50% of the mkt cap is net cash? I've been buying at 29.7p.
wjccghcc
25/8/2015
08:57
Yes. Stinging a bit this morning. Wincing but holding. Yields keep me interested..
bdroop
25/8/2015
08:37
brownie -- revenue and earnings will take a hit with this news. AIUI, fees are received based on a percentage of AUMe and not that dependent on whether the client makes a profit or not (though there may be performance fees if things go really well). If the client is unhappy with the investment performance and/or the associated fees paid, they tend to walk away.
tmfmayn
25/8/2015
08:33
Does the companies profits take a direct hit with the news today? ie are their fees dependant upon only making profits or will they get their fees regardless of whether the underlying funds make profits or not? Thanks,
brownie69
25/8/2015
08:00
Ah! Apologies. Reliant on a small number of clients for their gains or setbacks...
bdroop
25/8/2015
07:54
thanks.....will avoid for now, RNS was short / sweet and for an ignoramus like me, not clear!
qs99
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?
felix99
25/8/2015
07:45
bdroop, many thanks. i meant on the RNS this morning!
qs99
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.
bdroop
25/8/2015
07:11
anyone care to comment on this?
qs99
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!
topvest
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.
felix99
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.
spooky
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.
wjccghcc
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