Record (REC)

Sector:

Financials

Index:

FTSE Small Cap

68.80p
   
  • Change Today:
      1.20p
  • 52 Week High: 88.00
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 199.05m
  • Volume: 170,313
  • Market Cap: £136.95m

Record Q2 AUME drops on FX headwinds

By Iain Gilbert

Date: Friday 20 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Currency and asset manager Record reported a drop in second-quarter assets under management equivalent on Thursday.
Record said AUME came to $84.5bn as of 30 September, down from $86.4bn at the end of June, principally due to FX movements and mandate volatility targeting, as well as movements in global stock and other markets. However, when expressed in sterling, AUME totalled £69.2bn, up from £68.0bn at the end of the previous quarter.

Average fee rates remained broadly unchanged from the previous quarter, with performance fees totalling £1.0m and net inflows hitting £1.5bn.

Chief executive Leslie Hill said: "In our currency hedging business, our focus continues to be on providing the highest levels of service and proactivity to our clients to reinforce both the longstanding relationships built over many years and the trust they continue to place in Record as their solutions-led currency hedging manager.

"Our plans for diversification through our asset management and digital asset businesses continue to progress well, albeit in places more gradually than initially envisaged, and I look forward to giving more detail on our strategic progress at our forthcoming half-year results in November."

As of 0820 BST, Record shares were down 2.42% at 71.24p.



Reporting by Iain Gilbert 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 68.80p
Change Today 1.20p
% Change 1.78 %
52 Week High 88.00
52 Week Low 58.00
Volume 170,313
Shares Issued 199.05m
Market Cap £136.95m

Record Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.66% above the market average4.66% above the market average4.66% above the market average4.66% above the market average4.66% above the market average
19.64% below the sector average19.64% below the sector average19.64% below the sector average19.64% below the sector average19.64% below the sector average
Price Trend
37.9% below the market average37.9% below the market average37.9% below the market average37.9% below the market average37.9% 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
68.27% above the market average68.27% above the market average68.27% above the market average68.27% above the market average68.27% 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
18.51% below the market average18.51% below the market average18.51% below the market average18.51% below the market average18.51% 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 15-Jul-2024

Time Volume / Share Price
16:35 6 @ 68.80p
16:35 3 @ 68.80p
16:35 2 @ 68.80p
16:35 1 @ 68.80p
16:29 15 @ 69.60p

Record Key Personnel

CEO Jan Witte
CFO Richard Heading

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