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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
  0.05 0.17% 29.50 28.00 31.00 31.00 30.00 30.00 52,322 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 25.0 8.0 3.3 9.0 59

Record Share Discussion Threads

Showing 501 to 525 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
11/7/2016
20:14
Yes, with a sterling cost base its very good news.
topvest
11/7/2016
10:56
I have bought a few more this morning. R2
robsy2
06/7/2016
14:27
worth highlighting that 79% of revenue here comes from overseas
spob
28/6/2016
15:58
http://uk.advfn.com/p.php?pid=nmona&article=71836788
spob
28/6/2016
15:54
In theory you'd have thought REC should benefit. Most of the AUMe is denominated in non-GBP and so should now produce greater management fees when translated into GBP. Costs all in GBP should then lead to greater profit. That said, the CHF experienced sudden volatility last year (many REC clients are Swiss) yet there was no discernible improvement to the business. Indeed, in August last year, there was a somewhat strange announcement stating a client had withdrawn a substantial mandate as a "consequence of currency market movements" after the Chinese rout. So I am not entirely convinced further volatility will lead to extra mandates just yet. But I will be more than happy to be proved wrong!
tmfmayn
28/6/2016
14:13
They might have taken a loss on Brexit day, depending on how they have positioned their currency funds. But long term the demand for currency hedging should increase given the volatility.
boonkoh
28/6/2016
06:42
Are you sure theyll benefit and arent indeed hurting ?
shauniekent
24/6/2016
18:25
Yes, one of the few genuine beneficiaries of all this turmoil.
topvest
24/6/2016
13:39
Looks like market is waking up to REC's increasing demand due to currency volatility....
boonkoh
24/6/2016
07:25
Rec's clients will be hurting big this morning
trident5
18/6/2016
10:47
Yes, agreed. To be fair, I think they probably had to give a pay rise last year in a toppy professional services labour market. Hopefully, that will be the last pay rise until we get some growth.
topvest
18/6/2016
00:03
I'm happy with results bar the 10% pay raise.
hammers976
17/6/2016
20:31
Solid results, albeit nothing too exciting to announce. One day market conditions will fall in their favour. The positives were the Wisdom Tree product, higher client numbers and the talk of special dividends. Negatives were the lack of anything definitive in terms of new mandates and a general talk of more challenging conditions. Happy to hold though as its a high quality business.
topvest
16/5/2016
15:08
I guess the staff-count explosion you refer to covers the period since the firm floated -- 38 staff in 2007 versus 68 in 2015. I suspect the additional staff relate to compliance and regulation etc, post-banking crash. But I don't know for sure. The extra staff can't surely be for handling more clients. The last four years have seen the staff count bob between 64 and 68, while revenue bobbed around the £20m mark and operating profit bobbed around £6-7m. But it is galling as you suggest that the staff can enjoy a 10% all-round pay rise this year while large mandates are lost, AUMe goes nowhere and the dividend remains unchanged. And although the 30% profit share is simple and everyone knows where they stand with it, yes, the staff do enjoy a bonus regardless of whether profit goes up or down. 68 REC staff divvied up almost £7m in wages and pension costs in 2015, a nice £100k each. There really ought to be some business improvement soon to justify this staff cost.
tmfmayn
13/5/2016
23:10
I can't understand how they find work for so many people - the number of staff has exploded with no corresponding rise in mandates or turnover. And the reward structure needs changing to reward growth, at the moment they do very well if the business just stands still.
trident5
04/5/2016
14:11
Got in today at 25.74p. With net current assets of 15p a share and a 6% dividend yield, it looks like a bargain. Though I'm uncertain about the large director ownership and salaries.
hammers976
17/4/2016
08:48
Interesting? I'd strongly dispute that. Why not put it on the Galliford Try board and bore them with it.
trident5
16/4/2016
22:43
interesting free stock charts from uk.advfn.com
sjc
31/3/2016
19:53
Yes, they do have multiple growth opportunities, albeit always tempered with the risk of losing a couple of big institutional mandates. Overall, think its fantastic value. IF Currency for Return makes a comeback this will be a multi-bagger. Big IF though! Only time I've bought a company in four separate lots.
topvest
31/3/2016
18:56
Yeah I've been thinking about this one quite a bit recently. The Wisdomtree link- up has potential. I ran the Bearbull valuation spreadsheet over it and it shows up quite well. Results soon, divi safe , good yield and some hope of a partial return to former glories. We'll soon find out, results due in April. R2
robsy2
31/3/2016
18:27
Added a few more today. Too cheap.
topvest
23/2/2016
14:29
Yes, no doubt a £ cost base and US¢ revenues is a nice headwind given £ is now at a seven year low.
topvest
23/2/2016
13:40
ticking up nicely.
robsy2
10/2/2016
20:49
Thanks for the really helpful comments guys, especially TMFM - I somehow contrived to miss that when looking at the accounts.
trident5
10/2/2016
13:16
I'm not sure how much that would work. It does with insurers since the law of large numbers says that if you increase the number of policies the mean outcome remains the same but he standard deviation reduces hence the variability of the final outcome is lower and you have to hold less capital per policy. Would that work with REC's currency hedging strategies? It would be a good question to ask management.
dangersimpson2
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