Record Share Discussion Threads

[shauniekent] 29/11/2016 10:55

When was it tipped in ice?

[mrthomas] 29/11/2016 08:58

Think it's a good company but 17% profit in less than a month would buy again if goes down brought thanks to IC

[topvest] 18/11/2016 21:01

Not sure what planet some of you guys are on. A £4m profit on £11m of turnover is a great business. AUM are increasing, as are customer numbers. Faster growth would be nice, but they are doing pretty well. Dynamic hedging and currency for return (both higher margin products) will come back at some point and that will be a game changer. Very happy to hold and add more on weakness.

[trident5] 18/11/2016 07:55

It's hard to think of a better currency environment ion which to attract new business though and there's a clear reluctance to distribute that cash.

[hammers976] 18/11/2016 07:43

Robey2 you've summed up my thoughts exactly. I personally want this share price to tank in the short term!

[robsy2] 18/11/2016 07:33

Same old same old is good enough for me! The results this morning look reasonable on all fronts.
Revenues, client numbers and AUME are all up and margins are maintained and the products are performing well across the board. Earnings are flat at 1.33p per share; the divi is maintained at 0.825p per share. Earnings are solid, the dividend yield is high but the real buzz here is the 35m of excess capital they have on the balance sheet, that’s 16p a share. They have indicated that special dividends are likely so it’s a hold for me.
We’ll see what the market makes of it all when it opens. The share price has come a long way in the past quarter , up 30% ish, so it may take a hit but my feeling is the special divs will start to flow this financial year so I’ll be adding on weakness.
R2

[trident5] 18/11/2016 07:27

Same old, same old.

It does seem that they're not winning new business in this environment. Over half their revenue is from just 5 clients - the incentive payments carry on at the same high level and I can't work out how all the staff here fill their days.

The cash keeps piling up and talk of special dividends continues but again no action.

Brexit and potential regulatory changes (collateral requirements) next year could be negative.

[mrthomas] 17/11/2016 22:14

Not sure what do to if this does get to 35 or more tomorrow lets see what the dividend is and what they say as don't want to see the gain all go in a few months time

[robsy2] 17/11/2016 18:03

So ,we are up 9% today, massive volume,ahead of the interims tmw. Seems like the figures will be good and some insider traders are now on board.Either that, or everybody has read my comment about it looking like a stock that's worth more like 35p rather than 25p . I doubt it it though.
It's all rigged.
R2

[mrthomas] 14/11/2016 19:59

Have done well so far only held a few weeks hope for good results end f the week

[mrthomas] 31/10/2016 16:48

i have brought in to this company today given the market its in and the strong B/S plus good dividend yield

[topvest] 21/10/2016 20:02

Not a bad trading update. Very happy to hold.

[haywards26] 21/10/2016 13:29

A Motley Fool snippet (for what is is worth)

Record specialises in managing exchange rate risks for its clients. It's a niche business that appears to have limited growth prospects. However, Record's specialist skills allow it to charge high prices. These translate into an operating margin of more than 30%.

A lack of growth expenditure means that Record has built up a £34.7m net cash pile. This amounts to 15.7p per share -- more than half of Record's £59m market cap.
A trading update today confirmed that Record's full-year results are likely to be in line with expectations. Forecast earnings of 2.24p per share should cover the 1.65p dividend comfortably.

Record's management has also indicated that in the absence of major growth opportunities, it may consider returning surplus cash to shareholders.
In my view, Record's latest accounts and trading guidance make it clear that the stock's 6.3% yield should be very safe for the next few years. Indeed, income from this stock could rise significantly if Record decides to start returning surplus cash to its shareholders.

I see Record as an interesting income buy with the potential to generate a lot of cash. The only risk is that cash returns and a lack of growth may gradually erode the value of the shares. That could be something to watch out for over the next few years.

[gbill11] 21/10/2016 09:22

I topped up this morning on that statement. It sounds like things are improving and with results next month and a big interim dividend paid out before the end of the year what's not to like?

[tmfmayn] 21/10/2016 08:08

Robsy, let's stick to this thread

[robsy2] 21/10/2016 08:06

Not sure which thread we're hanging out on.

My thoughts , for what they're worth.

Encouraging results . AUME up 5% ( 50% from new biz, 50% from market movements ) The weak pound is helping reported profits. The bulk of the strategies seem to be working. Currency movements are front of mind again and these guys manage that so they are in the right place at the right time.
They have indicated they can increase the payout, they have 23m reservs already,so we we may see a total 2017 divi more in the 2p range , covered by cash earnings , so that puts us on a circa 8% dividend, without considering special dividends.... The share price could easily be circa 35p rather than 25p with that sort of dividend and quality of earnings.
The website has lots of detailed research reports from Eddison that back all this up . Maybe it's very encouraging?
R2

[robsy2] 21/10/2016 07:30

Encouraging results . AUME up 5% ( 50% from new biz, 50% from market movements ) The weak pound is helping reported profits. The bulk of the strategies seem to be working. Currency movements are front of mind again and these guys manage that so they are in the right place at the right time.
They have indicated they can increase the payout, they have 23m reservs already,so we we may see a total 2017 divi more in the 2p range , covered by cash earnings , so that puts us on a circa 8% dividend, without considering special dividends.... The share price could easily be circa 35p rather than 25p with that sort of dividend and quality of earnings.
The website has lots of detailed research reports from Eddison that back all this up . Maybe it's very encouraging?
R2

[keevo] 13/10/2016 10:29

looks very solid with good div

[keevo] 11/10/2016 12:26

Looks pretty solid company. Agree with all above. Got in a few times today and last month

[haywards26] 10/10/2016 21:05

I bought in here today. Due to the below factors;

#Divi yield, potentially 8.3% Inc special divi
#Volatile exchange rate environment, leads to clients looking to hedge more
#Foreign currency revenues/profits
#Strong balance sheet

[nick rubens] 05/10/2016 16:15

2nd quarter figures being reported this Month.

[robsy2] 05/9/2016 14:03

Hello
Some sign of life from Record, "The living dead" of stocks.
R2

[chrisdgb] 12/8/2016 11:19

Should be interesting at these levels that is for sure...