Record Plc

0.40 (0.46%)
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
  0.40 0.46% 87.40 29,513 16:35:27
Bid Price Offer Price High Price Low Price Open Price
86.00 88.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Finance Services 35.15 8.63 4.30 21.75 173.97
Last Trade Time Trade Type Trade Size Trade Price Currency
16:10:22 O 882 87.38 GBX

Record (REC) Latest News

Record (REC) Discussions and Chat

Record (REC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-06 15:10:2387.38882770.69O
2023-06-06 14:27:2586.75358310.57O
2023-06-06 13:50:0387.383,4162,984.90O
2023-06-06 12:57:1288.80119.77O
2023-06-06 12:57:1288.8010.89O

Record (REC) Top Chat Posts

Top Posts
Posted at 28/4/2023 18:49 by melton john
I used to be in REC and have been getting up to date. A comment on the sale of option shares seems appropriate if a little late. A purchase of option shares is seen as income and so income tax is immediately due on the difference between the price on the day and the price paid. Covering this with a sale is common. Been there.
Posted at 30/3/2023 19:32 by konradpuss
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?
Posted at 30/3/2023 17:14 by dogwalker
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.
Posted at 05/3/2023 15:02 by adamb1978

I'm new to REC and been going through the numbers this weekend - can anyone help me understand why the share buy back which was implemented during FY22 was stopped this year?


Posted at 06/2/2023 19:34 by konradpuss
A piece on Record in the I.C. this week by Simon 'Puffer' Thompson.

He has upped his target price to £1.25 from £1.05.

Posted at 27/1/2023 09:41 by cockerhoop
Pretty much any research is designed to put the company in a positive light. I usually find companies like Edison reflect the underlying company IR, if it's a rampy company the research output will reflect that, if conservative management want to get their story out to retail investors (as with Edison's coverage of REC or GAW) the output is more realistic.

Anyway my forecasts are now well ahead of Edisons after Q3.

Posted at 26/1/2023 20:19 by konradpuss
I must say I am surprised at the subdued reaction of the share price to these results. I guess it is just that there is not a huge free float and what is free is being held tightly on the basis that who wants to sell a growth stock at this multiple.
Posted at 17/11/2022 20:04 by somerset lad
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?
Posted at 02/10/2022 09:49 by wolsey
I thought I would share some views on Record, both to clarify my own thoughts and invoke some responses/alternative views.

It is an interesting time for Record, given the current macro landscape and the position they find themselves in re the implementation of their own strategic plan. I am impressed with the clarity and openness of Leslie and team. I like the relatively conservative approach to expenditure and the alignment of management (internal shareholdings), staff (profit share) and external shareholders. They have delivered some good new mandate wins over the last 12-15 months and set out their intentions for the continued development of new products/revenue streams well.

Next trading update is due on 21 Oct. I will be surprised if they have been unable to capitalise on the current market volatility and continue to secure good performance fees. Any additional mandate expansions/wins will give me great confidence. I want to see continued progress against their stated plan.

I did/do believe an exit of Chairman Neil Record will serve as a catalyst to share price, eventually. I do not expect this to take place any time soon given the market but an interesting one to keep an eye on.

The share price appears to have consolidated around the 70 mark since the beginning of the year. The fact that there was no material negative reaction at UK pension fund concerns last week, suggests to me that Mr. Market sees limited downside to the current market price. At an ex-cash PE of circa 14x for what is a well positioned business with a clean balance sheet, this seems like a reasonable view. I may be too early in stating this as things are still playing out there.

I'd be very happy to get the views of others who have been following this company over recent years.

Posted at 02/9/2022 14:46 by wolsey
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..
Record share price data is direct from the London Stock Exchange
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