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 puts in decent third quarter despite fee pressure

By Josh White

Date: Friday 17 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Specialist currency manager Record updated the market on its trading for the three months ended 31 December on Friday, reporting that assets under management equivalents expressed in dollars grew 8% over the period, to $64.7bn.
The London-listed firm said it recorded net inflows of $2.5bn in the period, of which $1bn related to a tactical bespoke mandate, as it had previously announced.

Client numbers increased by three to 73, while management fee rates remained broadly unchanged, with performance fees of £1.8m earned in the third quarter.

"In the third quarter we have demonstrated momentum in terms of new business, as illustrated through positive net inflows of $2.5bn and continued growth in client numbers for the quarter," said chief executive officer James Wood-Collins.

"Overall, assets under management equivalents is up 12.9% in dollar terms in the nine months to 31 December.

"Performance fees of £1.8m earned in the period highlight our ability to add value to mandates and underscore our capabilities."

Wood-Collins said the firm's management fee rates held up despite continued competition and fee pressure.

"Our focus remains on building on current business opportunities and on enhancement and innovation of our products and services."

Record said it would announce its fourth quarter trading update on 17 April, and its financial results for the year ending 31 March on 19 June.

At 1019 GMT, shares in Record were up 6.03% at 41.35p.

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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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