We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Record Plc | LSE:REC | London | Ordinary Share | GB00B28ZPS36 | ORD 0.025P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.80 | 2.80% | 66.20 | 66.20 | 67.80 | 68.00 | 66.00 | 66.00 | 69,182 | 12:21:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 44.69M | 11.34M | 0.0591 | 11.20 | 127.04M |
TIDMREC
RNS Number : 2832G
Record PLC
18 July 2023
18 July 2023
RECORD PLC
FIRST QUARTER TRADING UPDATE
Record plc ("Record" or the "Company"), the specialist currency and asset manager, is pleased to announce its trading update for the three months ended 30 June 2023 ("Q1-2024").
Q1-2024 Highlights
-- Performance fees of GBP0.5 million earned during the quarter -- AUME of US$86.4 billion, down 2% from USD$87.7 billion at 31 March 2023 ("FY-23")
Leslie Hill, Chief Executive of Record plc, commented :
"We continue to work hard towards the three-year targets we set ourselves for FY-25.
"Notwithstanding the challenging macro-economic backdrop, we expect the business to achieve a number of important milestones in FY-24, and look forward to the rest of the year with optimism."
Trading Analysis
1. AUME composition
The Group's AUME as at 30 June 2023 totalled US$86.4 billion (31 March 2023: US$87.7 billion), and expressed in sterling totalled GBP68.0 billion (31 March 2023: GBP71.0 billion). The composition of AUME by product was as follows:
AUME - US$ billion 30 June 2023 31 March 2023 ------------- -------------- Dynamic Hedging 15.3 14.7 Passive Hedging 61.6 63.8 Currency for Return 4.1 3.9 Multi-Product 5.3 5.2 Cash & Futures 0.1 0.1 ------------- -------------- Total 86.4 87.7 ------------- -------------- 2. AUME Movement
Net client AUME movement in the three months to 30 June 2023 was as follows:
Net AUME movement - US$ billion 3 months to 3 months to 30 June 2023 31 March 2023 -------------- --------------- Dynamic Hedging 0.3 0.7 Passive Hedging (3.0) (1.0) Currency for Return 0.1 (0.6) Multi-Product 0.1 0.8 Cash & Futures 0.0 0.0 -------------- --------------- Total net flows (2.5) (0.1) -------------- --------------- FX movements and mandate volatility targeting 1.2 1.1 -------------- --------------- Movements in global stock and other markets - 0.7 -------------- --------------- TOTAL AUME MOVEMENT (1.3) 1.7 -------------- --------------- 3. AVERAGE FEE RATES AND PERFORMANCE FEES
During Q1-2024, average fee rates remained broadly unchanged from the previous quarter.
Performance fees of GBP0.5 million were earned in the quarter.
Record will announce its second quarter trading update on 20 October 2023.
-Ends -
For further information, please contact:
Record plc Tel: +44 (0) 1753 852 222 Leslie Hill, Chief Executive Officer Steve Cullen, Chief Finance Officer Buchanan Tel: +44 (0) 20 7466 5000 Simon Compton record@buchanan.uk.com Henry Wilson George Beale
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTEAKXXFDADEFA
(END) Dow Jones Newswires
July 18, 2023 02:00 ET (06:00 GMT)
1 Year Record Chart |
1 Month Record Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions