Share Name Share Symbol Market Type Share ISIN Share Description
Record 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
  -5.65p -15.98% 29.70p 29.80p 30.50p 34.70p 29.90p 34.70p 1,041,037 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.8 7.3 3.0 9.8 59.12

Record Plc Share Discussion Threads

Showing 576 to 600 of 600 messages
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DateSubjectAuthorDiscuss
19/10/2018
15:53
Yes, he's got it about right. Half the market cap is covered by liquid assets on the balance sheet. Downside from here looks limited but no rush to buy in either
frazboy
19/10/2018
15:01
I used to be invested here but exited 6 years ago. Revisiting as a potential yield investment for my equity ISA. Will monitor for awhile before deciding whether to re-invest. Graham Neary's view: This is a specialist fund manager providing currency services. I own shares in it because of my positive impression of management (conservative and well-aligned), excellent cash generation characteristics, and my belief, at the time I invested at least, that it served an important financial niche. Unfortunately, it hasn't achieved much in terms of growth in the last few years - but then, this has been reflected in the valuation. Its share price has also been a victim of the recent general market correction, and then when you add in the effect of today's trading update, it's dropping deeper into what I hope will eventually prove to be "cheap" territory. When it comes to valuation, we should bear in mind that the company had equity (as or March 2018) of £26.5m, almost entirely tangible and liquid, including cash and money market instruments worth £22.5m. The Stocko valuation chart shows what I'm talking about: forecast dividend yield of 7% and EV/EBITDA ratio of 6.4x (prior to today's sell-off, so it's cheaper now). Today's update is not too encouraging, sadly. Assets under Management Equivalent (AUME) are up by 1.1% when expressed in GBP, but this was driven by market movements, not by client inflows. There was a small client outflow during the period. Additionally, 7 clients (out of 66) are leaving, taking $2.5 billion of AUME with them (out of $61.8 billion). They use the Passive Hedging product, which is the cheapest one, so the total loss in terms of fees will probably not be huge. But it's hardly good news. "Fee rates for most products were broadly unchanged". Again, this doesn't sound great. The overall trend in fees appears to be negative. No performance fees were earned during the period. My view - Unfortunately, Record's Passive Hedging product doesn't seem to stand out in the crowd (and charges low fees), while the Dynamic Hedging product, with higher fees, is a very small percentage of overall AUME and is in a negative long-term trend. That said, due to my sluggish investment style, I have no immediate plans to sell my position. On the bright side, I think it has the potential to recover some positive momentum in a period of extreme FX volatility, when institutions might be desperate for currency advice and might be willing to try the Dynamic Hedging product again, and I see the balance sheet and management as factors which reduce the risk of staying invested.
masurenguy
19/10/2018
09:14
Having looked at the previous results and in particular the buyback programme you do have to wonder how well timed that was - they bought back £10m worth at an average of 50p? So that’s £4m of shareholders equity down the drain. The loss in client numbers (to come) only takes them back to where they were 12 months ago or so - not a cause for huge concern but the market is pricing that in as a trend
frazboy
19/10/2018
08:54
Margin pressure and the lost of 7 clients with $2.5bn under management in the next quarter is the only bit the market read I wonder if there will be a special dividend for this half?
frazboy
19/10/2018
08:50
a reasonabe trading update and yet the shareprice continues to decline ?
mister md
15/10/2018
13:54
Looking very cheap.Anyone know why the recent fall
jbarcroftr
12/9/2018
17:10
I think this is a genuine purchase rather than an award. R2
robsy2
11/9/2018
12:47
Isn't director buying built into their reward package - i.e. not really a signal.
trident5
11/9/2018
12:21
Sp moving up. A Director has bought a few. Good divi returns. Defensive stock. Can see this going higher. R2
robsy2
15/6/2018
11:11
Price firming up, results meeting can't of gone too badly, might move slightly higher in days ahead I suspect.
its the oxman
15/6/2018
08:07
Results look ok at first glance, will be interesting to see how forecasts move from here. Nice div.
its the oxman
23/4/2018
11:25
Welcome to the gang Nimrod. My purchase on the 16th could have been better timed! Hopefully shouldn't matter over the long term but we shall see.
jimmywilson612
20/4/2018
08:56
Bought 10 grands worth at 43.7521p this morning, probably worth a punt on the sudden drop.
nimrod22
13/3/2018
09:26
sold did well may have sold too soon but did well in five months with div and gain
mrthomas
02/2/2018
11:12
Tipped by Simon Thompson in his 2018 bargain shares: hTtps://www.investorschronicle.co.uk/shares/2018/02/01/bargain-shares-for-2018/ "Record retains £26.6m of net cash on its balance sheet, a sum worth 13p a share, albeit £8.9m of its cash is required for regulatory capital. As a result of its balance sheet strength, the board is able to return all of its net profits to shareholders, which is why analysts at Edison Investment Research predict a total payout of 3.1p a share for the 12 months to end March 2018, up from 2.9p in the 2017 financial year. This implies the shares offer an attractive prospective dividend yield of 7.1 per cent, and are rated on a modest cash-adjusted PE ratio of 10. Importantly, there is potential for upside to Record’s profits in the 2018-19 financial year given the likelihood of increased volatility in currency markets linked to both political and economic events."
glawsiain
28/11/2017
22:23
Edison review of REC here - http://www.edisoninvestmentresearch.com/research/report/record589346/full One may need to register but it's free.
boadicea
17/11/2017
10:57
Their continuous inability to win new mandates is quite shocking - marketing/sales team need a major shake up
trident5
17/11/2017
10:30
Here is my interpretation of Record results: Asset under management increasing to $61.2bn is another record high, as Record (no pun intended) continues their recovery for the fifth year in a row. However, 85% of this fund is allocated to “Passive Hedging”, a product that earns Record the lowest amounts, in terms of basis points. That is 3 basis points or 0.03% of allocation fund size., down from 4 basis points. This compares to their dynamic hedging (14 basis points), Multi-product (18 basis points) and Currency for Return (17 basis points). All these other products earn 4 times more than passive hedging. But, their fund sizes compared to passive is 20 times smaller! Which is why passive hedging has contributed 53% of the management fee. For further interpretation and a historical perspective of Record, click http://bit.ly/2zaK1tz
walbrock82
17/11/2017
07:20
Morning All Good set of results, margins a bit lower but turnover is up and so is EPS, even after stripping out the effect of the share buy-back. The divi up 40%, and shows their commitment to returning excess cash to shareholders. Good progress I'd say. I would think this will be well received. 60p here we come! Best R2
robsy2
31/10/2017
10:45
brought in again funny same time as last year on the back on IC did well sold too soon that was the only problem hope it can get over the 50p and stay there we see
mrthomas
30/10/2017
12:30
Just tipped by Simon Thompson online Investors Chronicle
willieg1
18/10/2017
16:34
It's Thursday tomorrow.
trident5
18/10/2017
15:36
Anniversary of 1987 Black Monday tomorrow.
welsheagle
18/10/2017
15:05
Why the fall?
its the oxman
13/10/2017
13:19
Yep I see 70+ by end of next week.
shammytime
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