Record (REC)

Business description

Record is a specialist currency manager, providing currency hedging and return-seeking mandates to institutional clients. Services include passive and dynamic hedging and return-seeking currency strategies via funds or segregated accounts.

Stock data

Market cap.£95.2m
Last close43.00p
High / Low (52 weeks)47.2p / 24.0p
Stock market listingLN
Forecast net cash (£m)24.3
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(2.3)13.262.3
Relative *(2.4)10.941.4

* % Relative to local index

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Company news

Record Plc (REC) Insider Purchases £223.52 in Stock

Wed, 26 Apr 2017 13:52:30 GMT

Record Plc (REC) Insider Steve Cullen Buys 508 Shares

Tue, 18 Apr 2017 21:45:00 GMT

Steve Cullen Acquires 572 Shares of Record Plc (REC) Stock

Sat, 29 Apr 2017 17:15:00 GMT

Stanley Gibbons nets record £500000 for strip of rare Indian stamps

Wed, 19 Apr 2017 11:15:00 GMT

Record: Highest AUME Yet

Tue, 25 Apr 2017 07:06:26 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 20.9 7.7 7.5 2.65 16.2 N/A
2016A 21.2 7.2 7.0 2.54 16.9 N/A
2017E 22.6 8.1 7.9 2.84 15.1 N/A
2018E 24.1 8.7 8.5 3.03 14.2 N/A

Last updated on 24/04/2017

Latest research

Highest AUME yet

Update | Financials | 24/04/2017

Good performance in uncertain times

Update | Financials | 25/01/2017

Steady performance and growing recognition

Update | Financials | 25/11/2016

Positive Q2 trading update

Update | Financials | 25/10/2016

Dividend upside

Update | Financials | 25/07/2016

Possible beneficiary of US dollar strength

Update | Financials | 01/12/2015

Reduction in size of a bespoke mandate

Update | Financials | 26/08/2015

Attractive growth and dividend increased

Update | Financials | 02/07/2015

Net client inflows on their way

Update | Financials | 22/01/2015

Daily comment

Institutional Comment | Financials | 16/01/2015

Steady profits in H115

Update | Financials | 27/11/2014

Daily comment

Institutional Comment | Financials | 14/11/2014

Investment summary

Record reported assets under management equivalent (AUME) at a record level at the end of March reflecting positive market and currency moves in the company’s final quarter. While flows have fluctuated during FY17, the uncertain macro background is contributing to good levels of interest in Record’s currency management products and this should also be supported by a lengthening period of positive performance from the currency for return products.

Last updated on 24/04/2017

Industry outlook

Record reported that the currency volatility that accompanied the Brexit vote and US election has generated a higher level of interest among clients and potential clients across geographies and products. This is supported by interest rate policy divergence among central banks and uncertainty associated with upcoming elections in Europe.

Last updated on 04/04/2017

Key management

Neil Record, Chairman
James Wood-Collins , CEO
Steve Cullen , CFO
Bob Noyen, Chief Investment Officer

Company address

Morgan House
Madeira Walk
Windsor
SL4 1EP
United Kingdom
View website