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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
  +0.00p +0.00% 31.00p 30.10p 31.90p - - - 17,353 12:02:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.8 7.3 3.0 10.2 61.71

Record Plc Share Discussion Threads

Showing 601 to 625 of 625 messages
Chat Pages: 25  24  23  22  21  20  19  18  17  16  15  14  Older
DateSubjectAuthorDiscuss
23/11/2018
16:35
Cheers guys
masurenguy
23/11/2018
15:48
Sorry - December 7th
welsheagle
23/11/2018
15:45
December 8th.
welsheagle
23/11/2018
15:44
In line with Record's dividend policy, an interim dividend of 1.15 pence per share (interim dividend in respect of H1-18: 1.15 pence per share), will be paid on 28 December 2018 to shareholders on the register at 7 December 2018.
shauney2
23/11/2018
09:09
I presume ST might chip in soon - probably not on Friday though. Might get a view from GN on Stocko today - last I heard he was a holder.
podgyted
23/11/2018
08:43
It doesn't help when broker forecasts show a decrease in EPS based on zero performance fees being earned from passive hedging. IMO it would be better if they assumed a modest level received given the £1m in H1 of the current year.
s_a_b
23/11/2018
08:26
And that excludes the special dividend that is paid at the year end! Factor that in and the yield is closer to 10%. A rock solid company but it needs tangible growth to get the share price motoring and it is in a very competitive industry.
dlm2602
23/11/2018
08:15
Enterprise value of circa 5.4 and yield of 7.3%
masurenguy
23/11/2018
08:10
First performance fee. Analysts predicting profit fall - result 5% rise. This has possibilities.
podgyted
23/11/2018
07:47
All looks solid enough based on a first run through the half year results.
s_a_b
06/11/2018
15:37
Good write up in Investor's Chronicle this week.
welsheagle
31/10/2018
12:01
i’ll go along with what he says . I have bought a few more this morning. 90 day reporting is all a bit blow by blow . They lose a few mandates and the share price goes off 25%. Seen it before and have bought on weakness and it has worked well ( to date).i use rec as the high yield bank account, keep a core holding and buy on weakness, selling back down if it gets to 45 p ish. That’s the plan anyway! Best R2
robsy2
29/10/2018
19:43
ST in IC tipped again today. Conclusion:- "On this basis, expect full-year EPS of 2.6p, implying the shares are rated on a PE ratio of 11.5. However, Record also has cash and money market deposits of £22.6m on its balance sheet, a sum worth 11.3p a share, of which only £9.1m is held for regulatory capital. What this means is that the directors are able to pay out almost all net profits as dividends given the healthy capital position. Mr Maile at Cenkos believes 100 per cent of EPS will be paid out as a dividend in the 12 months to the end of March 2019, implying the prospective dividend yield is 8.6 per cent. Trading on a cash-adjusted PE ratio of seven, the sell-off in Record’s shares is massively overdone. Buy."
podgyted
21/10/2018
19:01
ive held REC in the past and see its not really gone anywhere over the years. The currency trading product at one point had a decent track record but its been rubbish for years so its just had to make do from its passive hedging product. Its a much of a muchness on that front and there was always pressure on fees or clients moving. Dont think a lot has changed.
horndean eagle
19/10/2018
14:53
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
14:01
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
08:14
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
07:54
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
07:50
a reasonabe trading update and yet the shareprice continues to decline ?
mister md
15/10/2018
12:54
Looking very cheap.Anyone know why the recent fall
jbarcroftr
12/9/2018
16:10
I think this is a genuine purchase rather than an award. R2
robsy2
11/9/2018
11:47
Isn't director buying built into their reward package - i.e. not really a signal.
trident5
11/9/2018
11:21
Sp moving up. A Director has bought a few. Good divi returns. Defensive stock. Can see this going higher. R2
robsy2
15/6/2018
10:11
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
07:07
Results look ok at first glance, will be interesting to see how forecasts move from here. Nice div.
its the oxman
Chat Pages: 25  24  23  22  21  20  19  18  17  16  15  14  Older
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