Record (REC)

Sector:

Financials

Index:

FTSE Small Cap

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

Record confident after strong second quarter

By Josh White

Date: Friday 21 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Specialist currency and asset manager Record reported assets under management equivalent net inflows of $6.6bn in its second quarter on Friday.
The London-listed firm said it earned £0.5m in performance fees during the three months ended 30 September.

It also started its previously-announced passive hedging mandate during the period, after the successful conclusion of final contract negotiations.

"Our growth strategy continues to deliver as evidenced by a third consecutive quarter of AUME net inflows and further performance fees of £0.5m," said chief executive officer Leslie Hill.

"Sustained uncertainty in financial markets continues to have only a limited impact on the value of some clients' underlying portfolios in our traditional business for currency products and services."

Conversely, Hill said heightened volatility and inflationary pressure underscored the "relevance" of Record's products.

"Our focus is on ensuring we make the most of such opportunities and I look forward to giving more detail on the progress in our diversification plans at our forthcoming half-year results in November."

Record said it would announce its half-year results on 29 November, and its third quarter trading update on 26 January.

At 1053 BST, shares in Record were up 6.7% at 75.76p.

Reporting by Josh White at Sharecast.com.

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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 67.60p
Change Today -1.60p
% Change -2.31 %
52 Week High 89.00p
52 Week Low 58.00p
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
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 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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