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 posts 'solid product performance' in first half

By Josh White

Date: Tuesday 29 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Currency and asset manager Record reported first-half revenue growth of 35% on Tuesday, to £22.1m, as its profit before tax increased 46% to £7.5m.
The London-listed firm hiked its interim dividend by 14% to 2.05p per share for the six month period ended 30 September, compared to the 1.8p distribution it made for the first six months of last year.

Assets under management equivalent (AUME) in dollar terms slipped to $80.8bn (£67.3bn), from $84.1bn year-on-year, while its operating profit margin expanded to 34% from 32%.

Basic earnings per share jumped 57% to 3.27p, while the firm said it was in a "strong" financial position, with shareholders' equity of £28m.

"Our growth trajectory continues as planned supported by solid product performance over the period and with good progress made in our plans for diversification," said chief executive officer Leslie Hill.

"We have close engagement with our clients, listening to their concerns and understanding their needs - further reinforcing already strong relationships and leading to new ideas for future collaboration and opportunities for diversification."

Hill said the group was "well-positioned" financially, with increased cash generation and a strong balance sheet to support its future growth plans.

"The board remains confident in the strategy to deliver future growth, an outlook which is reflected by an increase in the interim dividend."

At 1053 GMT, shares in Record were up 5.73% at 85.11p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 89.00
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
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

Top of Page