Record (REC)

Sector:

Financials

Index:

FTSE Small Cap

68.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 87.20
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 199.05m
  • Volume: 55,520
  • Market Cap: £135.36m

Record's profits dragged down by shrinking margins

By Iain Gilbert

Date: Monday 18 Jun 2018

LONDON (ShareCast) - (Sharecast News) - UK currency manager Record saw full-year profits decline as a result of falling margins.
Despite revenues increasing 4% to £23.8m in the year ended 31 March, Record posted a 7% fall in pre-tax profits to £7.3m as its operating profit margin dropped to 31%, from 34%.

The Windsor-based firm saw earnings per share increase 4.12% to 3.03p.

Record stated that economic, political and market environments continued to "provide opportunities" for it to engage with current and potential clients across a "broad spectrum of products" but claimed that its continued investment in to "maintain innovation and service enhancement" had brought about the compression of its margins.

Neil Record, Record's chairman, said, "Although this financial year saw fewer political shocks than that preceding it, the world still seems to be in a period of rapid change - globalisation is being challenged and the threat of protectionism and trade wars is growing."

"In such times, financial markets, including foreign exchange markets, will continue to be impacted by ongoing geopolitical developments and instability," he added.

Record will pay a final dividend of 1.15p per share, giving a total ordinary dividend of 2.30p for the year, up from the 2.0p returned to investors in 2017, and will also pay a special dividend of 0.5p, down from the 0.91p paid last year.

As of 1150 BST, Record shares had lost 1.72% to 45.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Record Market Data

Currency UK Pounds
Share Price 68.00p
Change Today -1.00p
% Change -1.45 %
52 Week High 87.20
52 Week Low 58.00
Volume 55,520
Shares Issued 199.05m
Market Cap £135.36m

Record Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.19% above the market average5.19% above the market average5.19% above the market average5.19% above the market average5.19% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average
27.59% below the sector average27.59% below the sector average27.59% below the sector average27.59% below the sector average27.59% below the sector average
Income
69.33% above the market average69.33% above the market average69.33% above the market average69.33% above the market average69.33% above the market average
32.35% above the sector average32.35% above the sector average32.35% above the sector average32.35% above the sector average32.35% above the sector average
Growth
18.24% below the market average18.24% below the market average18.24% below the market average18.24% below the market average18.24% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Record Dividends

  Latest Previous
  Final Special
Ex-Div 11-Jul-24 11-Jul-24
Paid 02-Aug-24 02-Aug-24
Amount 2.45p 0.60p

Trades for 18-Jul-2024

Time Volume / Share Price
16:35 861 @ 68.00p
16:35 1 @ 68.00p
16:35 208 @ 68.00p
16:35 8 @ 68.00p
16:35 161 @ 68.00p

Record Key Personnel

CEO Jan Witte
CFO Richard Heading

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