Record (REC)

Sector:

Financials

Index:

FTSE Small Cap

67.60p
   
  • Change Today:
    -1.60p
  • 52 Week High: 89.00
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 199.05m
  • Volume: 69,652
  • Market Cap: £134.56m

Record gets first performance fees in two years as inflows return

By Josh White

Date: Friday 20 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Specialist currency manager Record announced on Friday that its assets under management equivalents (AUME) as at 30 June totalled $61.9bn, down from $62.2bn at the end of March.
The London-listed firm said AUME expressed in sterling as at the end of June was £46.9bn, up from £44.3bn.

It said net client AUME inflows were $0.6bn for the quarter, compared to outflows of $1.6bn in the previous quarter.

That was made up of $0.6bn inflows from currency for return, with a $0.4bn inflow from dynamic hedging offset entirely by a $0.4bn outflow from passive hedging.

Record said it had 64 clients at 30 June, up from 60 clients at the end of March.

The board explained that the inflow of $0.6bn in currency for return represented the previously-announced new mandate of $0.3bn, scaled in accordance with its volatility target.

Fees for that mandate would be charged on a management plus performance fee basis.

"The group continues to focus on enhancing its products and on building a more diverse portfolio both in terms of clients and in the mix of revenue streams," said chief executive James Wood-Collins.

"The announcement of Record's first performance fees since March 2016 reinforces the progress made in product enhancement and diversification, and upon which we hope to build going forward.

"With our diversified product suite and our ability to offer tailored solutions to clients and potential clients, we are confident that further progress can be made in the current financial year."

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Record Market Data

Currency UK Pounds
Share Price 67.60p
Change Today -1.60p
% Change -2.31 %
52 Week High 89.00
52 Week Low 58.00
Volume 69,652
Shares Issued 199.05m
Market Cap £134.56m

Record Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.56% above the market average6.56% above the market average6.56% above the market average6.56% above the market average6.56% above the market average
11.71% below the sector average11.71% below the sector average11.71% below the sector average11.71% below the sector average11.71% below the sector average
Price Trend
39.34% below the market average39.34% below the market average39.34% below the market average39.34% below the market average39.34% below the market average
34.48% below the sector average34.48% below the sector average34.48% below the sector average34.48% below the sector average34.48% below the sector average
Income
69.76% above the market average69.76% above the market average69.76% above the market average69.76% above the market average69.76% above the market average
29.23% above the sector average29.23% above the sector average29.23% above the sector average29.23% above the sector average29.23% above the sector average
Growth
18.66% below the market average18.66% below the market average18.66% below the market average18.66% below the market average18.66% below the market average
3.85% above the sector average3.85% above the sector average3.85% above the sector average3.85% above the sector average3.85% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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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 12-Jul-2024

Time Volume / Share Price
15:29 13,195 @ 68.55p
13:44 10,000 @ 67.92p
13:37 294 @ 66.60p
13:16 5,000 @ 67.92p
12:49 4,000 @ 68.36p

Record Key Personnel

CEO Jan Witte
CFO Richard Heading

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