Record Share Discussion Threads

[cerrito] 28/4/2023 16:49

I note that in this last FY performance fees have varied significantly from quarter to quarter viz £2.3m,£0.7m,£2.8m,£0m.
I hope I remember to ask in the next IMC what causes these variations.
Thought about adding in rather a lackadaisical way but did nothing. The shares seem pretty accurately priced at the moment.

[robsy2] 28/4/2023 12:56

TU looks ok, not the spectacular advances of previous quarters but ok.

[trident5] 28/4/2023 12:51

They get accrued when earned - obvs they didn't deliver in Q4.

[wolsey] 28/4/2023 12:09

Anyone sufficiently knowledgeable about the timing of performance fees to shed some light as to why none accrued in the quarter? Each of the last 3-4 quarters accrued some level of perf fees if memory is correct.

[cockerhoop] 28/4/2023 11:46

Yes, slightly surprised they didn't accrue any performance fees in Q4, good though to see the increases in AUM primarily across the higher margin streams.

[adamb1978] 28/4/2023 08:19

So EPS would seem to be 6p-6.5p I'd expect. Would have been helpful to get some more colour in the TU but they look cracking value particularly given the implied growth to Fy25 if they hit their targets

[adamb1978] 28/4/2023 07:09

So zero performance fees it is then!

[konradpuss] 27/4/2023 21:16

Let's hope they are following Stanley Druckenmiller and have been generally short the dollar this quarter.

[cockerhoop] 27/4/2023 14:51

The level of performance fees will be interesting, upgraded FY23 forecasts don't really model any for Q4 so any significant perf fees will lead to a beat imo.

[adamb1978] 27/4/2023 13:32

Any predictions for tomorrow?

[mpage] 25/4/2023 10:05

@ crazycoops. It's this Friday.

Every so often companies update their financial calendars for investors.

hxxps://recordfg.com/investors-centre/financial-calendar/

Hope that helps.

[crazycoops] 25/4/2023 09:47

TU last year was 22 April. Presumably we will get one this week?

[konradpuss] 30/3/2023 19:32

Well if I had just stumbled across Record Plc I think I might feel the current share price is a buying opportunity. I would also be thinking, why did I not stumble across this share when the share price was circa 40p?

[wjccghcc] 30/3/2023 17:28

Ok. Thanks.

[dogwalker] 30/3/2023 17:14

I think, hopefully, that the gap in the share price made between 28/11/22 & 29/11/22 has now been closed & we recover again from here.

[dogwalker] 30/3/2023 17:10

No you're right : my mistake.

[wjccghcc] 30/3/2023 16:01

Arcontech results were 27/2 and they don't have much in common with Record. Or do you mean a different Arcontech?

[dogwalker] 30/3/2023 15:49

Related to Arcontech, perhaps?.

[adamb1978] 30/3/2023 15:01

Sharp fall today - anyone seen any news?

[adamb1978] 15/3/2023 13:02

I dont think those PDMR dealings are concerning. 1.07m options exercised, c.700k of those shares sold.

Senior people in companies of this size are unlikely to be millionaires and c.£1m of option proceeds is material for them. Their options are probably a very high proportion of their personal wealth. Most people would do exactly the same in their position

[robsy2] 09/3/2023 19:17

And the business is clearly booming.

[konradpuss] 09/3/2023 17:54

Maybe Rebecca and James are planning a house move, who knows.

[doobz] 09/3/2023 14:51

Thanks, mildly concerning here