Record Share Discussion Threads

[robsy2] 25/2/2020 08:12

This looks promising. Asset management busineses are very scaleable . Maybe she can provide a bit more scale?If so, then this could start to really perform.I'm here for the divis and solidity and have sort of forgotten that this is a business that could really grow as well. There must be so much potential out there.

[cfro] 25/2/2020 07:21

New appointment: Again, note the last sentence with the words "accelerate its growth trajectory.."

"We are delighted Sally has joined Record and taken over as Head of Client Team for the business. With over 30 years' experience in institutional and corporate FX sales, Sally brings with her a demonstrable track record in managing sales teams, driving innovation and nurturing institutional client relationships. As Record looks to accelerate its growth trajectory, Sally's fresh approach will have a key part to play and I look forward to working closely with her."

[lord gnome] 24/2/2020 23:02

I think the FE market has been rather subdued lately especially compared to stock markets. REC getting dragged lower, but it had already fallen some way from its 40p+ heights. Disappointing that it can't hold on to gains.

[thorpematt] 24/2/2020 22:41

I interpreted the new CEO to be more client account facing and thus more "sales"...and thus focusing on growth.

I also don't like suddenchange at the top.


BUT more imortantly: Do holders here perceive that this current market volatility is good for RECs trading? / earnings.

One thing i noted today is that not much currency swing given volatility of indexes. Notable exception was russina RBL - I assume oil price was the issue there predominantly.

[konradpuss] 13/2/2020 20:25

The missus might regret that when/if Neil retires and sells out.

One can dream!

[typo56] 13/2/2020 18:12

Looks like he was pushed and his missus may have had a premotition of it, selling 300k shares two weeks ago!

[konradpuss] 13/2/2020 17:46

I spoke to James at the last AGM.
O.K. a few minutes of conversation makes it hard to judge.
I guess he has just not produced so Neil Record is wanting to bring in fresh blood.
I think Leslie Hill might not be CEO for long. I might be wrong.

[cfro] 13/2/2020 17:32

This bit is interesting:

"James and the rest of the Board have agreed that a new leadership strategy will be better suited to delivering on the growth opportunities that Record is currently anticipating. As such I am pleased to announce that Leslie Hill, one of my longest-serving colleagues who joined Record in 1992, has agreed to serve as Chief Executive Officer. The Board and I look forward to Leslie implementing this strategy, and to the Company reaping the rewards of this."

A new drive for growth? Looks as though they can see the opportunities ahead of them.

[trident5] 13/2/2020 17:16

I don't see the CEO leaving as a bad thing, but the replacement looks like more of the same. Record needs to inject some external dynamism, and take an axe to costs.

[robsy2] 21/1/2020 11:42

Record PLC (10:20:19)

Profit forecast increased from £6.29m to £6.59m (Forecast year ending 3/20)

[qvg] 20/1/2020 18:51

Hi Playful,
There is a Stokopedia discussion thread organising an investor meet up in Leeds on 29th February if you are interested

[playful] 19/1/2020 14:15

I love the fact Record offers clients a reduction in management fees to share in the spoils of its investment success via performance fees. In H1/20A no such fees were recognised, now, a £1.8m fee has been announced!

[cfro] 17/1/2020 08:21

The business going in the right direction. Agreed we are likely to see a increase in the dividend payout in July.

[robsy2] 17/1/2020 08:10

Indeed. They are in a position to pay out 100% of earnings.

[dlm2602] 17/1/2020 08:07

Performance fees in 2019 were £2.3m resulting in a 0.69p special dividend. Assuming this years performance fee remains at £1.8m then this would equate to a PF of 0.54p

[rimau1] 17/1/2020 08:05

Agree with your figures Robsy, important to remember the cash on the balance sheet too which from memory is worth around 12p, cash adjusted and these are very good value, nice to see increase in customer numbers which for me is the key kpi here as a long term holder.

[robsy2] 17/1/2020 07:27

I am guesstimating here but maybe full year could give us the same as 2019 i.e. 3.2p or maybe more.That could justify a full year divi of 2.3p + special of 0.5 = 2.8p, then I can easily see the share price at nearer 50p than 40p.

[konradpuss] 17/1/2020 07:14

Yes, all nice news. I still cannot quite understand when they report performance fees.
i.e. when earned, when reported.
I need to read up.

[playful] 17/1/2020 07:14

Everything is going in the right direction here

[robsy2] 17/1/2020 07:10

Yes there are!Very good update indeed. AUM up , client numbers up , products working well on the whole,and significant performance fees have been earned.

[konradpuss] 15/1/2020 18:48

Now will there be much in respect of performance fees announced this Friday?

[konradpuss] 27/12/2019 19:52

trident, I cannot argue with that. I am one who is hoping NR will retire soon and sell out. He has an uncanny ability to sell at the right time - the original float and the recent share tender.

Saying all that I like the dividend and knowing the business is basically in good hands - famous last words.

[trident5] 27/12/2019 19:21

If NR ran the business properly he'd base the bonuses on growth, not stagnant profits.