Record Share Discussion Threads

[spooky] 21/9/2020 15:47

I would hazard a guess that you are selling because REC are one of the few shares you own that are up on a bad day for the market. It may make you feel slightly better for a few minutes/hours, but those are invariably the ones that you should be holding on to IMO.

[lord gnome] 21/9/2020 15:36

I've also taken the opportunity to bale out today. Nothing wrong with REC, quite the opposite, but no harm in taking an unexpected profit in this market. Good to have a bit of firepower with so many bargains on offer. May buy back in if the share price does manage to reverse ferret.

[trident5] 21/9/2020 10:58

Thanks for that mate - any boards you haven't posted that on? Selling by any chance?

[under the radar] 21/9/2020 09:51

OT ... Heads up


(BOR) Borders and Southern :-

1)465m barrels of condensate (light sweet crude)

2)Own 100% of all acreage

3)Darwin (discovery) costs are under $35 a barrel

4)474m shares in issue

5)£3m mkt cap = nothing at all priced in and priced to fail

6)Bod own over 10% of shares

7)Rkh sea lion will get sanctioned next year which will do wonders for BOR

8)Bottomed - no sellers left as all flushed (out after a long downtrend)

9)Bullish divergence on chart with bullish white candles being formed and coming to the end of an apex on a bullish reversal descending triangle (with a breakout coming very soon)

10)Enough money to last until April 2023

11)Update due in next 2 weeks


The Market was over pessimistic and now a correction is due (it’s JUST starting now)

Share price 0.7525p - it won’t be under 1p for long imho

Put it on your watch list at the very least and see for yourself what happens

I wish you luck whatever you decide!

ATB

[spooky] 21/9/2020 09:04

Yes, a great validation of the future growth strategy.

[trident5] 21/9/2020 08:36

Isnt this the first big win since... forever?

[bubloo] 21/9/2020 08:19

I cannot see this should spike the share price as hot has done. This mandate will build over time and we won't see benefits until next financial year. I have sold into the rise and hope to come back later. Hope I have done the right thing. any comments welcome

[cwa1] 21/9/2020 08:03

Sounds like some good news:-

21 SEPTEMBER 2020

RECORD PLC

BUSINESS UPDATE

Record plc ("Record" or the "Company"), the specialist currency manager, announces today that it has, subject to contract, been selected for a dynamic hedging mandate of approximately $8 billion in size (with AuME quoted by convention in US Dollars). The annualised fee rate for this mandate is consistent with Record's other dynamic hedging mandates, based on the size of allocation. Assuming contract negotiations conclude successfully, this mandate will build up over time and will be revenue-generating by the end of this calendar year.

Record will announce its second quarter trading update on 19(th) October 2020 and its half year results on 24(th) November 2020.

[robsy2] 09/9/2020 14:04

I have added a few more today as well.

[frazboy] 08/9/2020 21:48

The trend is your friend... maybe? Having sold out on the rise I started buying back in today. Hoping the seller will provide me with a better opportunities to add as the value stock and dividend paying fundamentals appear to still be intact.

[trident5] 07/8/2020 07:28

But it's something Record have no real history of delivering despite operating in this area for a very long time.

[robsy2] 07/8/2020 07:19

I’ve been holding here for years and am broadly happy. It plods along and delivers decent returns.
I see potential for the core business of currency hedging, big volumes but low margins that are constantly squeezed as you say, though they do earn performance fees from time to time.
The buzz for me though is the currency for returns area and they are pushing ahead in this area. They have recruited a guy in the states who has a strong track record in this area with returns of 4%+ for many years. Him and his methodology is now part of rec’s offering.
This seems to me to be an attractive product with great potential to attract funds.in a low return environment.Investing safely in currency for return could attract a lot of new business.

[mark1000] 24/7/2020 02:28

The succession question Leslie Hill I assume is a short term fix probably a good one but short term never the less. With margins always under pressure the Company with a majority of shareholders retired or near retired I guess the question is do they sell merge or recruit /promote a new senior team with aim of taking the Company forward. I presume rightly or wrongly there are buyers out there that could make integration savings on top of the decent profits already being achieved. On the other side of the equation this business is based round one man and 70 loyal clients making it a hard thing to sell so could merger with the right partner not only solve the succession question but give the Company a profitable future. Has anyone got an idea on which direction the Company will be taking?.

[cwa1] 17/7/2020 08:01

First quarter Trading Update...



Chief Executive of Record plc, Leslie Hill, commented:

"Following a challenging preceding quarter to 31st March linked to the impact of covid-19, Record's AUME increased by 8% in the quarter, including favourable underlying market movements of $3.6 billion.

"One of our strategic priorities for the current financial year is to enhance the capabilities of our marketing infrastructure to facilitate our accelerated growth plans. During the quarter, the Group appointed KPG Capital Partners LLC, a US-based third party distributor with broad institutional reach across North America, which will enhance Record's existing distribution capabilities in a key market.

"While competition and fee pressure linked to our Passive Hedging products persists, we continue to respond by enhancing our products and service offerings. We have diversified our product range with the launch of a new multi-asset offering, Dynamic Macro Strategy and have made good progress in developing our market-first, innovative Impact/ESG bond offering, although the ultimate timing of any potential launch remains uncertain.

"Record continues to illustrate its resilience and to operate effectively through the crisis, maintaining the strong relationships with its high quality, institutional clients by providing the highest levels of service and communication. This is testament to the strong commitment and capability of our people, and gives me confidence that we can succeed in achieving our goal of continued growth that I outlined at our recent full year results."

[mark1000] 01/7/2020 10:51

Thanks guys I only asked because on the original Rns 19/06 Final results the Xd date was given 01/07 looking at it today its been removed and no xd date is given. Clearly a typo thanks guys for your help

[cwa1] 01/7/2020 10:09

XD dates that are NOT Thursdays are as rare as hen's teeth.

[dicktrade] 01/7/2020 09:26

tomorrow

the above is useful

[mark1000] 01/7/2020 09:04

Hi has this gone xd today 01/07 or tomorrow 02/07 a bit confused REC account release says 01/07 others say and normal expectation is 02/07.

[saucepan] 22/6/2020 14:46

REC tipped by Simon Thompson today. Write-up should appear in Friday's print edition of the Investors Chronicle.

[konradpuss] 19/6/2020 20:16

Robsy2, there was much mention of growth.

I think at heart Neil Record is very conservative. If that can be married up with growth, you have a great combination.

I will continue to hold for the dividend and the possible growth.

[robsy2] 19/6/2020 08:13

Excellent results.
Bonus dividend,turnover up, client numbers up, PBT down a bit, EPS likewise,AUM up, Big net inflows and a renewed sense of purpose about the business.
Covid issues aside, REC is showing signs of turning into a growth stock.If they can keep winning buisness as they have been and the markets more or less behave themselves then 2021 will be a good year. Who knows , we might see 50p again. If we did and they keep the divi at 2020 level that is 2.71p inc bonus . then at 50p it would be yielding a cash covered 5.42%. With growth that could get to 6% plus easily enough.
I can certainly see 40p plus in the short term. The final dividends alone are worth 1.56, that's a 4% return payable 11 Aug.

[konradpuss] 11/5/2020 21:05

Another big volume today - 2.5 million shares.

No RNS yet.

If Schroeder's are selling again, who is buying and who bought their first clip?

[konradpuss] 08/5/2020 07:54

That is quite a percentage of the company going through the market.

I wonder who bought?

We will see if it is mainly one buyer if there is an RNS shortly.

[konradpuss] 07/5/2020 15:54

Fraz, thank you.

It might be one of their funds have had redemptions. Who knows.