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 Shares Traded Last Trade
  0.00 0.0% 70.00 19,344 08:03:52
Bid Price Offer Price High Price Low Price Open Price
70.20 71.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 35.15 10.86 4.52 15.5 139
Last Trade Time Trade Type Trade Size Trade Price Currency
11:26:03 O 10 70.37 GBX

Record (REC) Latest News

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Record (REC) Discussions and Chat

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Record Daily Update: Record Plc is listed in the General Financial sector of the London Stock Exchange with ticker REC. The last closing price for Record was 70p.
Record Plc has a 4 week average price of 60p and a 12 week average price of 60p.
The 1 year high share price is 99.80p while the 1 year low share price is currently 60p.
There are currently 199,054,325 shares in issue and the average daily traded volume is 636,402 shares. The market capitalisation of Record Plc is £139,338,027.50.
cerrito: I would encourage you to listen to the IMC presentation. Very positive.One cloud was their comment that while inflation impacts their costs it does not automatically increase their revenue but then of course if you think that sterling will be week not such an issue. Well done to those who bought on Monday. Too bad that yesterday I was tied up so could not focus on the results. I just went to buy but saw the price and thought I would allow things to settle down but zero desire to sell.
konradpuss: Rather be here than Alpha FX with all of its exposure to the FX market and lending book. Record wins even when it loses - well not in the long run. I think the market has been quite harsh of late to the share price - perhaps it is just a reflection of the 'risk off'. Well I am a long term holder.
konradpuss: Simon Puffer in the I.C. this week writing about Record Plc. He concluded confirming a buy and stating Pamure Gordon had a target price of £1.05 The stock did not move. Probably good for people buying anew or topping up.
topvest: Well I think its positive, particularly post year-end with the US$2bn dynamic hedging inflow. The £0.5m performance fee in the quarter and net inflows in the quarter are also very positive compared with other asset managers. The critical points for me are 1) growth in higher margin products; and 2) whether there is likely to be materially increased appetite for currency for return type products given the interest rate dynamics in 2022 across the developed world. It's currency for return where they used to make enormous profits before and after IPO in a more normal interest rate environment. Point 1 is partly factored in to the valuation and is enough to buy the shares and have good forward profitability growth. Point 2 is more of a long-shot, but if it happens will generate a multi-bagger on the share price.
cerrito: Good that Mr Market like this mornings RNS. I need to say when I read it this morning at 730 I did ask myself if REC are wandering away from their core area of expertise. Anyone else ask the same question?
robsy2: Good presentation from the REC team this morning.Things are moving apace . What is becoming clearer now is how sleepy this business had become before Leslie Hill came in. She seems to have energised the culture , sorted out the tech, the motivational pay structure,upgraded the sales function,refreshed the staff culture and got the right people in the right places. They have opened up offices and opportunities and have collaborations with strategic partners that have led to a widening of their product offering to more clients in different geographies and at higher fees. It has already been quite transformational and bodes well.
konradpuss: The share price has bounced around a bit however mainly of late on low volumes.
trident5: Very good figures today; but I suspect these were largely in the price.
wexboy: Ta. Record 'always lacked growth'...this is both true & false. Look back at 2009: Record's total AUME was down 43% yoy to $31.5B & 97% of its total revenue came from NON-passive hedging AUME! And as we all know central bank intervention effectively destroyed the FX/macro fund sector over the past decade. So hanging on to ANY of its dynamic/multi-product/currency for return AUME & £13M of related revenue is actually quite the achievement. But Record's REAL achievement has been a four-fold growth in passive hedging from $13.0B to $53.9B & an eight-fold growth in related revenue from £1.5M to £12.0M today! Unfortunately, this also meant replacing most of their non-passive hedging business (earning on average about 15 bps today) with a passive hedging business that earns 3.0 bps instead. Which doesn't seem like the smartest strategy...EXCEPT when you consider the likely alternative may well have been extinction (as for most of its FX/macro peers)! So yeah, because of this decade-long fee-rate recycling process, all the average investor has seen is NO apparent revenue/earnings growth & little reason to get excited about buying into Record. But with passive hedging now the key AUME AND revenue driver, more signs & likelihood of increased currency volatility & macro dislocation, the appointment of a new CEO & Head of Sales, and of course this new $8.0B dynamic hedging mandate win, we now have the news-flow & the emerging/accelerated growth to attract a potentially huge cohort of new investors, and achieve a step-change in valuation & the share price. As you say...let's hope this is just the start!
dlm2602: trident5, It would be interesting to see the staff costs over the 2 periods. I suspect the average salary per employee has dropped dramatically as the number of high paid employees/directors have been replaced by more junior staff. I suspect the number of employees have increased too due to the increase in legal and compliance type issues. With regards the latest share option awards, I think the HR director's award is well deserved. He has been with the company for 10+ years and probably missed out when the company floated. The other director although more recent is head of strategic initiatives. If she is successful, she will bring additional revenue to the company and all shareholders should benefit. If she doesn't, she won't be around long enough to exercise those options. Also the strike price is at 37p so the company's share price has to increase by a material amount before their after tax profit becomes significant.
Record share price data is direct from the London Stock Exchange
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P: V: D:20220705 11:57:52