devonplay
13 Jun 2019
Final results announcement for the year ended 31 march 2019 Up nearly 16% on those results. Not bad for a solid income play like REC. DL
devonplay
13 Jun 2019
Final results announcement for the year ended 31 march 2019 Financial headlines: · Revenue growth of 5% to £25.0m (2018: £23.8m) · Growth in Profit Before Tax (PBT) of 9% to £8.0m (2018: £7.3m) · Operating profit margin increased to 32% (2018: 31%) · AUME1 $57.3bn at 31 March 2019 (down 8% for the year) · AUME £44.0bn at 31 March 2019 (down 1% for the year) · Robust financial position with increased net assets of £27.4m at 31 March 2019 (2018: £26.6m) · Basic EPS increased by 8% to 3.27p per share (2018: 3.03p) · Proposed final ordinary dividend of 1.15p per share; total ordinary dividend of 2.30p per share (2018: 2.30p) for the year · Increase of 38% in special dividend for the year to 0.69p per share (2018: 0.50p) DL
devonplay
26 Jun 2018
Speculative Buy A nice dividend and potential to surprise by Edmond Jackson from interactive investor | 26th June 2018 09:18 Can FTSE Fledgling-listed currency manager Record grow earnings more impressively, or is this mainly a steady income stock? It enjoys an operating margin over 30% and key directors have strong shareholdings. Yet, despite their entertaining profits growth, the attraction has mainly been substantially all earnings paid out. I drew attention three years ago at 37p on an historic yield of 4.6%, suggesting the then strong cash flow profile and business growth prospects implied potential to recover the kind of payouts - 4.6p per share - Record had made in its 2010/2011 financial years. But, inclusive of special dividends since 2017, the latest prelims to 31 March 2018 show a total payout of 2.8p up from 2.6p and pre-tax profit of £7.3 million, as if bumping along on a multi-year trend (see table below). Some of this does reflect investment in people, but you are quite guessing as to what extent is needed just to maintain competitiveness given assets under management growth varies according to dollar/sterling perspective. Read more on Edmond Jackson’s pages here.
devonplay
15 Jun 2018
Press Release - Final Results I thought these were OK, but did expect it to open down… If we end up between 42-43p then I’d be tempted. At 4% drop, no. DL
devonplay
15 Jun 2018
Press Release - Final Results PRESS RELEASE Record plc 15 June 2018 FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2018 Record plc, the specialist currency manager, today announces its audited results for the year ended 31 March 2018. Financial headlines: § AUME1$62.2bn at 31 March 2018 (up 7%) § AUME £44.3bn at 31 March 2018 (down 5%) § Revenue of £23.8m (2017: £23.0m (as restated2)) § Profit Before Tax (PBT) of £7.3m (2017: £7.9m (as restated2)) § Operating profit margin3 of 31% (2017: 34%) § Robust financial position with net assets of £26.6m at 31 March 2018 (2017: £36.8m) § Basic EPS of 3.03p per share (2017: 2.91p) § Proposed final ordinary dividend for the year is 1.15p per share, giving a total ordinary dividend in respect of the year of 2.30p per share (2017: 2.00p) § Special dividend declared for the year of 0.50p per share (2017: 0.91p) § Company purchased approximately 22.3m shares for cancellation in the year via Tender Offer, returning £10m to shareholders Key developments: § Economic, political and market environment continues to provide opportunities to engage with current clients and potential clients across a broad spectrum of products § Changes in mix of fees on enhanced Passive Hedging products adds further diversification in income streams § Continued investment in resources to maintain innovation and service enhancement has contributed to margin compression § Currency Multi-Strategy fund launched in final quarter of the financial year, increasing accessibility to a wider range of investors § Office opened in Zürich during the year to support further growth in Switzerland DL
devonplay
16 Jan 2018
Top Up Added a few more on the recent weakness.Not a large amount, just the remainder of portfolios divided income for December (after I’d cleared all the seasonal credit card before bill!)‘Twas the season of good will, this could be the year of volatility. That should work well for REC. DL
devonplay
19 Dec 2017
Interesting Drop Interesting drop this morning.Fair value in my opinion.I’m going to await developments before topping up.DL
Market Guru
23 Jun 2017
Re: Hold for the dividend I'm a buyer of the stock, based on the continued political uncertainty within the UK, and further afield within the Eurozone, especially with the German elections on the horizon. Brexit negotiations will also create opportunities.Having a good dividend to fall back on in the current environment is a bonus.Regards, M.G.
devonplay
23 Jun 2017
Hold for the dividend "Hold for the dividend" that's the IC's view.DL
devonplay
16 Jun 2017
21% increase dividend "the Board is recommending a 21% increase in the ordinary full year dividend to 2.00 pence per share"DL
devonplay
16 Jun 2017
Return of approximately £10 million "Consequently the Board is considering the return of approximately £10 million of excess capital to shareholders so that our capital structure conforms to our new policy. Record will provide an update on this to the market shortly."DL
shaunstar1
04 May 2017
New bullish write up Wexboy on his blog is a fan of Record. I was thinking about selling after big rises over the last 6 months but his analysis is making me reconsiderShaun
devonplay
03 May 2017
Re: III comment I closed my position 102% up since TMP's last warning about this being a poor stock to hold in a period of currency volatility. That of course, and the political risk that drives it, has gone away.This time I think he might just be right. I'd like a very strong sell off.I'm firmly in the sell camp...please do. PLEASE.Welcome back TMP, as I've got some time to and play around, and some cash, what are you thinking of buying. I did well out of Amur. Well, my contrarian stance.Sell, REC. not much chance of moving up 10% from here is there.....DL *CHUCKLING*
takenoprisoners
22 Apr 2017
Re: III comment It was a straight lift from a III article last night.A direct lift in factWatch yourself on the next 2 updates.There must be reason for losing custom and terminations.Imvho and please dyor.
Eagerbeaver66
22 Apr 2017
Re: III comment I don't know where you get this III comment from takenoprisoners, but the actual statement (below) says the opposite, and is encouraging! The management say... Political uncertainty looks set to continue ... resulting in good engagement.Actual text from statement:"The environment of political uncertainty that has prevailed since the middle of 2016 looks set to continue. European elections are now at the forefront of investors' minds, as is continued uncertainty over the nature of the UK's departure from th.e EU, and US political and economic policy. Modest divergence in monetary policy has continued with the Federal Reserve's decision in March to raise the federal funds target range by a further 0.25%."This backdrop continues to support discussions on how Record is able to assist clients and potential clients in achieving their investment objectives. As a result good engagement continues across Record's diversified range of strategies."
