Greyinvestor
23 Jul 2015
Re: First purchase Hi Devon. Yes, the budget is a real pain. My answer is to share income with the wife and, if I understand the new rules correctly, to draw £10k - £11k each year from my SIPP, so as to maximise allowances.MY JEMI and SEDY are doing pretty badly. SEDY especially. I know that you are supposed to buy ETFs but my personal selections seem to to better for some reason.I'm sure that REC will be fine.SGI is not for me. The debt level is looking a bit high, a recent acquisition perhaps?I agree re MYI. I'll be adding.All the best, must dash...
devonplay
23 Jul 2015
Re: First purchase Welcome aboard Grey!I haven't added any more, mainly because I've had a large unexpected bill and needed to settle with HMRC. If I'd got some cash, yes I would of. I think its a good play in a portfolio and offers a decent hedge against euro zone turbulence.For the same reason I've been building a little stake in SGI...something different to all those bank shares I've picked up over the last couple of years HSBA, BNC & STAN. I'm hoping they will get back on track.I wont ask what you thought about the budget. Its a pain and even my usual top up of generalist second hand VCT's (one I'd filled my ISA) has been slightly derailed.I did pick some more JEMI up, even though I said I wouldn't, at 108p. Same day as I got this blood big bill out of the blue hey, ho. and i see they gone down a bit over the last few days.Hope Record works out for us all. - I bought some more MYI a few weeks ago, they've lost 11% since then, maybe more than a few weeks ago, I'm not worried and would add more...when I've got some cash!DL
Greyinvestor
22 Jul 2015
First purchase I've been trying for weeks to pick up some of these @ 36.5p. Finally succeeded today. So I've now got a modest first holding.....Picked up some MYI, PFL too......
devonplay
03 Jul 2015
IC Update The other stock with significant exposure to currency movements is currency manager Record (REC). Its business attempts to protect its clients from exchange rate movements as well as to profit from them. Recent first-half results from the company reinforced our view that currency market volatility and diverging international monetary policies are playing into the company’s hands by boosting demand for its services. It could be an exciting second half for Record if its discussions with potential new clients start turning into new business wins."It could be an exciting second half for Record if its discussions with potential new clients start turning into new business wins." If you believe that it must remain a BUY.DL
II Editor
19 Jun 2015
NEW ARTICLE: Stockwatch: This attractive share thrives on volatility "Is LSE:REC:Record finally making music? For the last two to three years this FTSE Fledgling currency manager has traded sideways in terms of underlying financials and share price - significantly due to low volatility in financial markets while ..."[link]
devonplay
19 Jun 2015
IC comment on Results "Unlike forex markets themselves, the business of managing currency hedges is slow-moving, so two years of growth is a good sign that the market is turning for Record. The shares trade on an undemanding forward PE ratio of 13 and carry a dividend yield of 4.5 per cent. We see momentum building in our tip (35p, 8 January 2015)."- 10% hike in the div. works for me DL
LoadsaDosh2
13 Mar 2015
RNS - Contract increase Looks like a significant boost to an already good-value share[link]
devonplay
09 Jan 2015
IC Tips of the Year We're launching our 2015 Tips of the Year at a time of considerable uncertainty and volatility in the markets. Globally, economic policies are beginning to diverge and markets have adopted a 'risk-off' (or should that be 'angst-on') stance in regard to a number of familiar big global risks that have been simmering away for some time. Our Tips of the Year for 2015 seek to both exploit this uncertainty and seek out safe havens.For those who want to make the most of uncertain times, our Contrarian Tip of the Year offers the most potential. Currency asset manager Record (REC) has been forced to live off its low-margin currency-hedging business due to a post-credit-crunch malaise in demand for its higher-value products. But with currency volatility now on the rise, interest is picking up in Record's higher-margin range of 'dynamic' and absolute-return products. A poor record since float in 2007 and a concentrated client base means this is probably our most risky bet for 2015, but the upside could be very attractive and there is a decent 4.3 per cent dividend yield and net cash to underpin the share price. - luckily I bought a little time ago.DL
devonplay
09 Jan 2015
Added more. Still looks cheap.DL
