Record Share Discussion Threads

[smidge21] 28/9/2022 08:29

REC looks vulnerable. Clients will be struggling with margin calls - across their estate. Core clients- UK PFs - can only be long GBP through the hedging programme - the question is, how much.

[robsy2] 28/9/2022 08:26

The share price seems to be holding up pretty well, I do wonder how they are getting on with their hedging and other products...

[manrobert] 13/9/2022 08:53

the share price never seems to relate to the buy sell quotes.

[konradpuss] 07/9/2022 21:18

One press release and this could be £1.00.

I am not a seller at this level as there is, I believe, much more upside to come.

[trident5] 07/9/2022 18:47

Been interesting for nearly a year then.

[pinemartin9] 07/9/2022 15:21

Getting interesting at these prices.

[smidge21] 02/9/2022 15:00

One possible issue is that their core UK hedging business has them long GBP to varying degrees. Clients don't like writing cheques against losses on the forwards - even if those cheques are smaller than they might otherwise have been e.g. against a half hedge

[wolsey] 02/9/2022 14:46

With GBP:USD going off the deep end it is teeing up a very strong earnings period for Record. The staff incentive program is a profit share system, so FX movement will not have a positive impact there. The majority of other overheads are in sterling as far as I am aware. I am a little surprised this is not getting even the slightest recognition via the share price. Maybe another Q or two will highlight it..

[robsy2] 10/8/2022 08:53

These divis at REC are just great. 2.72p total just received. The divis keep everything ticking along and help alleviate gloom when markets are difficult.

[cerrito] 22/7/2022 10:46

For sterling based investors like me interesting to see increase in AUM expressed in £ from £63.1 to £64.2b.
The sad fact is that if Truss does as seems likely become PM the FX markets will not be happy.

[topvest] 22/7/2022 10:19

Q1 highlights pretty good other than 6% overall decline in AUME:

Q1-2023 Highlights

· AUME net inflows of US$2.0 billion during the quarter

· Performance fees of £2.3 million earned during the quarter

· Awarded new Passive Hedging mandate, expected to build up to $8.0 billion by the end of the financial year

[manrobert] 22/7/2022 08:13

dont know where these quotes come from

[robsy2] 22/7/2022 07:08

Never did answer that konrad. It was the dividend really. Rec was just a solid plodding income stock then, now it is much changed.
Today sees a mixed but positive Q1 where a combination of high performance fees and usd strength have more than saved the day.

[konradpuss] 13/7/2022 19:41

Robsy2, the interesting question is what attracted you to Record in 2016-2018? They appeared to be going no where.

[manrobert] 13/7/2022 18:26

avery shrewd investment.well done

[robsy2] 13/7/2022 17:03

It all take time I suppose. It wasn't so long ago that this was trading at 30-40p a share.I bought at 25p in jan 2016, added in October 2018 at 31p and note that with the divis and an ill-timed sale,I have returns of 195% so far. REC has transformed itself of late. There are no nailed on certs of course but with a running yield of around 5% and some real prospects of further growth,the risk reward looks great.

[manrobert] 13/7/2022 15:58

how much buying to /??lift the price?

[konradpuss] 11/7/2022 20:54

Robsy2, the market seems to be ignoring their ambitions and their recent progress mostly.

I think it will be a gradual rerating as each piece of positive news is released (I hope!).

[robsy2] 11/7/2022 16:10

Edison note is out today. They pick up
on the stated ambition of 60m, 40% margins, eps at 9p for FY 2025. Sp will double from here if they can do that.Somewhat Shockingly FY 2025 is not so far away!

[konradpuss] 06/7/2022 16:48

The high volumes only seem to come around news then it regresses back to very small volumes.

[wolsey] 06/7/2022 16:38

Some large volume running through over the last 14 days. End Q2 dividend clippers?

[konradpuss] 29/6/2022 16:36

Macc there is a free research doc. on the Record Plc web site produced by Eddison and paid for by Record. This should give you their opinion.