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
  0.00 0.0% 29.50 29.60 31.00 0.00 0.00 - 8,268 08:01:27
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 551 to 574 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
23/6/2017
09:33
Thank you for replies, my holding is to small at the moment to consider taking part, in fact i was looking to add, if as you say there are less shares then that should in the end result in a higher share price Thanks again.
p49b
23/6/2017
09:17
I think the tender is an excellent idea. The only criticism is that it should have been done earlier. If you tender the exact amount allocated to you (c 10%) you will end up with 10% less shares but the same percentage of the company as you held before. The shares purchased by the company will be cancelled. If profits remain the same as last year the impact of cancelling these shares by the company means that the EPS will increase by 10%. Cash held generally has little effect on the valuation. So I believe that this scheme will likely lead to a rise in the share price all things being equal. If you can sell your (10%) shares in the market at a higher price than the tender offer then that is a better choice. Neil has offered to sell additional shares at the tender price if there are a lack of shares offered for tender. Given the poor liquidity in the shares, the tender is a rare opportunity to sell a large number without hitting the share price. I suspect the MM's will keep the price in check so that there is not much difference between the price XD and the tender offer. As an aside, REC looks at long last to have turned the corner. Its business should do well in these volatile markets and if it pays out all its Earnings in dividends we will be getting a dividend around 7% and still the prospect for further share repurchases.
dlm2602
22/6/2017
16:47
Well, I was anticipating a special dividend. I would guess that is not tax efficient for the big holders, so they have opted for a tender offer instead. Other tender offers I have seen have been at a premium to the current share price to 'reward' shareholders & encourage then to tender. In that case the leavers benefit at the expanse of the remainers, but if every body gets the same offer, that's ok. We might get a better idea of their motivations when we see what the big holders are doing (Presumably they will reveal their intentions in the full documentation). 2 possibilities I can think of: 1. They want to reduce their participation & sell shares for cash. They couldn't manage this in the market. 2. They want to increase their participation as others sell shares for cash. Vote of confidence in the business. I've been holding shares here for years. I would have been glad to get a special dividend, but I'm not tendering at these levels. As the share price is now above the tender price it would be pointless anyway. So I guess the big holders will be tendering otherwise the whole thing is pointless. Looks like the only benefit here for small holders will be a slightly higher EPS going forward. woo-hoo.
greasynut
22/6/2017
14:17
Have a small holding here and am not sure what to do re the share repurchase. Is it different to a share buyback? why do investors want to sell there shares back when they are being offered less than the market price? can any holder shed some light on the boards reasoning and the purpose of the proposal. Many Thanks
p49b
16/6/2017
12:10
Indeed, a partial teturn to former glories. Best R2
robsy2
16/6/2017
11:47
Special dividend aswell
welsheagle
16/6/2017
09:33
That was a satisfying read.Progress on all fronts and at 50p ish we have a 6% yield based on the new capital policy. Excellent. R2
robsy2
15/5/2017
16:22
Can anyone who has a better understanding say whether it makes sense for AFX to buy record or merge possibly since both businesses are based in Windsor I believe. Presumably there would be synergies and not much loss of personnel.
its the oxman
02/5/2017
22:13
About time someone posted wexboys Record write up.... htTps://wexboy.wordpress.com/2017/04/28/love-that-record-give-it-a-spin/
shaunstar
24/4/2017
13:00
WJCCGHCC, On cash flow, I used the net cash flow numbers after working capital and taxes, which comes to £5.5m.
walbrock82
21/4/2017
10:50
Trading update was fine. As has been for a few years, progress on new mandates is lumpy and there is always the risk of the odd loss as announced today and in the quarter. They do still have record AUM. Currency for return and dynamic hedging are the higher margin areas. If these took off then revenue growth would be very strong. With inflation taking off, one gets the feeling that forex markets could get more interesting. I'm happy to hold. Its a quality business. As to the share price - 25p was a bargain. 50p and the price had probably got ahead of itself. Looks about right now.
topvest
21/4/2017
10:17
Not sure where you get the price to cashflow? Last year's cashflow 7.5mm, Mkt cap 90mm, net cash 36mm. Gives an enterprise value to cashflow multiple of 7.
wjccghcc
21/4/2017
10:02
Record PLC announces a record $58.2bn but mentioned there was a mandated termination of $1.2bn. Something to know about Record PLC; - 1. Management take home pay is equivalent 12% of total sales; 2. They also hold 50% of the company’s stock. 3. Cash balance accounts for 50% of total assets, that comes to £21m. 4. Business hasn’t grown due to financial regulation. 5. The share price was below 10 pence, now is 42 pence. 6.Despite managing more currency hedges for clients, revenue is only £20m. Compared that in 2011, it generates £28m in revenue, but manages $30bn. It is possible that lower interest rate and bond rates are causing this. The stock looks overvalued, as current valuation is close to six-year highs. Price to cash flow is at 18 times. And Earnings Yield of 5.8% means fundamentals have not caught up with market valuation. http://bit.ly/2ot2Mz1
walbrock82
10/3/2017
18:08
trending well , 2 year high, lots of volume. R2
robsy2
20/1/2017
23:48
To be margin is still good and everything seems on track. Dont see too much affect here.
muji1983
20/1/2017
20:13
Update was OK in my view. True there were some losses, but net flows exceeded that. The 6 clients were connected, so only really 1 mandate. Profitability must be very strong given the US$ income effect. As I have said before, its only a matter of time before Currency for Return products become attractive again. This will rocket when that happens.
topvest
20/1/2017
18:24
"With forex fluctuations over the past year being quite dramatic, REC's service should be thriving" Crazycoops - it's worth remembering that UK clients with passive hedges will have lost heavily on their hedges since Brexit, and might have preferred the currency volatility.
trident5
20/1/2017
11:01
They never seem to be deliver over performance for their clients. Every trading update states that performance fees have been zero.
boonkoh
20/1/2017
10:30
This bit was a red flag for me: "Record had 64 clients at 31(st) December 2016 (30(th) September 2016: 61 clients). Since the end of the quarter, notice has been served to terminate mandates in respect of six associated Passive Hedging clients representing $0.7 billion AUME with effect from 30(th) January 2017, and also in respect of one Dynamic Hedging client representing $0.3 billion AUME, with timing to be determined." With forex fluctuations over the past year being quite dramatic, REC's service should be thriving whereas they seem to be losing more clients than they are winning. Alas, I sold my small entry position first thing - good luck to those who continue to hold.
crazycoops
20/1/2017
08:18
They've never struck me as being a dynamic bunch, this from the update sums it up: "Such volatility and uncertainty in markets continues to provide opportunities for Record to discuss both its return-seeking and risk-reducing products with current and potential clients". How about "sell" instead of "discuss".
trident5
20/1/2017
07:15
All seems to be running smoothly. R2
robsy2
29/11/2016
18:14
It was a few months ago and my brother uses the card which is good
mrthomas
29/11/2016
10:55
When was it tipped in ice?
shauniekent
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
mrthomas
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