Assets under management equivalents - AUME totalled GBP46.6 billion, up 1.7% from GBP45.8 billion since March. Record said it had 59 clients as at the end of March, down from 64 at the end of December. It said that,for US Dynamic Hedging clients, hedging returns were negative as the US dollar weakened against the weighted basked of hedging currencies. Losses primarily came from hedging the Japanese yen and the euro. For UK based Dynamic Hedging clients, hedging returns were also negative, as… Read More
Record PLC announces a record $58.2bn but mentioned there was a mandated termination of $1.2bn. Something to know about Record PLC; -
1. Management take home pay is equivalent 12% of total sales; 2. They also hold 50% of the company’s stock. 3. Cash balance accounts for 50% of total assets, that comes to £21m. 4. Business hasn’t grown due to financial regulation. 5. The share price was below 10 pence, now is 42 pence. 6.Despite managing more currency hedges for… Read More
The share price is an all time high but the charts show a history of dips after such highs. We will see but I hope my plan of drip feed monthly investment will iron out the worst of the hills and valleys.
I don't know about takeover possibilities but after holding a small number of REC shares for a few years I have decided to add REC to my small group of regular monthly investments. Hopefully this drip feed effect will even out any strange price changes but at the expense of having to wait a few years before I see any real profit. I have held them long enough to feel comfortable with my investment. My main reason for increasing my holding is the absolute reliability of their performance
A value investors dream, would not be surprised if Berkshire Hathaway took Record out. Fits Buffett's rules for investing to a tee. Great increases in the divi too. Nice safe yielder with a proven track record.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.