Record Share Discussion Threads

[crazycoops] 30/11/2022 11:15

The Investor Meet presentation today was fabulously chaotic (e.g. answering questions throughout) and well worth a watch. It is evident to me why the CEO is key to the 3 year plan and I am happy backing her to deliver.

[dogwalker] 29/11/2022 21:46

It looks a great idea to have diversified with a tiny amount
(£2million)into alternatives.
Having looked them up, I'm impressed with the choices made. Fingers crossed!
Great news today, all round.

[trident5] 29/11/2022 21:11

It's not just the crypto bit. I don't like companies which lose their focus and diversify away from their core activity. Crypto and VC - what could possibly go wrong?

[konradpuss] 29/11/2022 19:04

Well trident you are in the 'Charlie Munger' camp as am I on crypto. Even Stanley Drunkenmiller has sold all the Bitcoin he owned.

I wonder when Neil will sell?

My guess and it is a wild guess - a trade sale to Alpha FX some time in the next two years.

[trident5] 29/11/2022 12:40

Their need to diversify into crypto assets looks very misguided to me.

If I want crypto exposure (and I don't) there are lost of other ways I can get it. Let's hope they keep their £2m cap on it.

[robsy2] 29/11/2022 08:12

I added a few more at 88p. The stated ambition of 60m turnover in FY2025 with concomitant levels of increased profitability is starting to look do-able.
sp over 100p before too long I imagine.

[battyliveson] 29/11/2022 07:29

Results do look rather good although I have just skimmed announcement and accounts looking for hidden bad news but it didn't jump out. Expenses and debtors were higher but only reflecting stronger trading rather than poor management. I would expect a 15% - 20% jump in price based on these results alone. As holder I hope I am right.

B

[robsy2] 29/11/2022 07:13

My word! What a set of results.

[bingobanjo] 24/11/2022 21:56

And the highlight being 1 share sold lol

[konradpuss] 24/11/2022 19:37

19 shares traded today.

I do not know what to make of that.

[bingobanjo] 17/11/2022 21:13

Simply Wall St listed three: Andrew Mitchell of Edison, Edward Morris of JP Morgan and David McCann of Numis Securities. Simply Wall St also issued an email notification today of a price target increase by an analyst from £1.15 to £1.25, but I don't know who it was, my monthly free access has hit its limit.

[konradpuss] 17/11/2022 20:29

Somerset, I believe it is their house broker Panmure Gordon. They do not put anything on line to the best of my knowledge.

[somerset lad] 17/11/2022 20:04

Does anyone know who is the second broker covering REC(in addition to Edison) and why (according to Stockopedia) they reduced FY24 forecasts within the last month?

[jbarcroftr] 21/10/2022 17:08

ST on study leave until Nov 3 I believe

[sphere25] 21/10/2022 16:48

ST has gone quiet of late. Maybe on a break?

If he comes back he might tip this but taken a few on the back of the strong demand for shares. Strong demand at 75p today with sellers being cleared in size and the book well bid there and slightly under. The closing auction is showing the book well bid from 74.6p to 76.4p and there were only two market makers on the offer at 77p too so it might breakout next week.

Hardly piling in with a tentative position but watching for the break out to add a few more here and a possible move back to testing 83p-85p. If you look at the chart, it is just a trading share this, but the demand today might suggest a more bullish move.

Are we allowed to say that word in this market?

The bar continues to be set very low in this treacherous market.

Proper lumpy one this, gaps alot too. It's either a lob up around 83p-85p if the momentum continues and a breakout or a sell if 75p breaks. No physical stop with this sort though, just watch the book and see how it fills up or it can gap through the stop on quiet mornings.

All imo
DYOR

[jackdaw4243] 21/10/2022 14:12

Volatility in the currency markets should mean more revenue I have been informed.

[retsius] 21/10/2022 08:57

Market seems to be giving it the nod.

Let`s see if ST has anything to add.

[topvest] 21/10/2022 08:25

Solid update indeed on the AUM side. Currency for return not yet taking off a tad disappointing. More performance fees good.

[pinemartin9] 21/10/2022 07:32

Looks that way. Should go up but given market turbulence will be interesting to see.

[retsius] 21/10/2022 07:32

Seems reading between the lines that business is progressing well, even in these hugely uncertain times.
AUM in Sterling terms looks excellent.
Performance fees a tad disappointing, but heh , not bad.
Always seek for , ‘ pleased to report’….

[robsy2] 21/10/2022 07:26

Q223 results look excellent.
AUME up from 78b to 81b USD. in GBP terms up from 64b GBP as at 30.06.22 to 72b GBP
as at 30.09.22. ie 12.5%!
Inflows 6.6b USD
0.5m GBP performance fees
fee income rates unchanged.

Things are running very well I'd say.

[manrobert] 19/10/2022 09:22

although bid is 68. have been offered 68.65

[trident5] 18/10/2022 08:01

Most big pension schemes are attached to blue chip sponsors. My reference was to LDI collateral calls in pension schemes, leading pension funds to call cash down from everywhere and to re-evaluate their liquidity requirements going forward - all off which may have had impact at Record.