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Started: LWHL, 12 Jun 2024 09:48
Last post: LWHL, 12 Jun 2024 09:48
Now until final results on 28th June. Is anyone adding, or (like me) just sitting tight now until that update? GLA.
Started: eggshead, 26 Apr 2024 09:29
Last post: LWHL, 26 Apr 2024 13:51
Hopefully the business will be a little more demanding of senior staff in future.
Certainly setting higher strike prices for share awards would be sensible, for example.
Might have stopped those two inside sellers from having the opportunity to cash in on failure.
As you say, eggshead - hopefully the CEO will get things back on track.
And in the process, perhaps making my initial purchases here look a little less foolish than they do at the time of print :)
Dr White. Still cleaning up the mess. Refocusing the company. Further cost writedown as a consequence? But should be more profitable in the future. Hang in there despite a rather poor share price performance for too long now.
Last post: JustChampers, 26 Apr 2024 07:44
Well, it all sounds pretty positive, so you’d think the market would respond positively, but this has been dogged by negative sentiment for a while now and the market is patchy shall we say, despite much talk of recent highs, so we’ll have to see !
I’ve been a holder for a good few years and was always happy holding for the income and adding on weakness, so recent performance has been disappointing, hoping to put that behind us !
IMO. Nothing to scare the horses. No idea how the market will take it, or whether we will see a return to a more elevated share price though.
I guess we need to wait for the full year June update for some proper meat to the bone, including perhaps some more information about what some of these strategy plays will look like.
Might take a few more if we see this one drop as part of a market-driven sell off, but otherwise, cautiously optimistic to continue holding.
Any others here with bull or bear opinions?
Started: eggshead, 25 Apr 2024 12:13
Last post: LWHL, 25 Apr 2024 13:55
Looked her up on Companies House. Very young. Not that it matters - if you are good enough, you are old enough, of course. Shame that maxim did not apply in this case, although perhaps it will be an aberration in an otherwise great career. Not that it would be of any comfort to shareholders either way! Perhaps the person who hired her should take a pay cut to offset this mistake :)
Anyway, these things happen. I remain somewhat concerned with the other, and more sizeable inside sells we have seen of late.
But as I said before, going to take the risk of sitting tight and hoping the next update does not suggest this one should have got binned instead. Based on the last update, this should, IMO, be a buy at this level. Not long to find out anyway....GLA.
Looks like the pack has been shaken up here. Let's hope there are no more Skeletons in the cupboard after she sails off into the sunset with a package, most likely, and some tasty share sales. Unlikely, that she will starve. Let's hope the shareholders left behind don't.
Started: LWHL, 25 Apr 2024 07:15
Last post: elzerbelzer, 25 Apr 2024 11:34
Presumably she was responsible for the technology platform that has now been ditched so found herself in a fairly untenable situation. She wouldn't have done herself any favours by selling shares at the same time that the pivot was being made.
And no thanking her for her time in the role etc, as often happens in these announcements. Perhaps a case of good riddance?
Naturally, now just hoping that there is nothing to worry about. However, the new appointments look solid to my mind and fingers crossed the update is one that does not scare the horses.
Just holding, but not adding further at this stage. Hoping to regret not loading the boat at these prices though! GLA.
Started: LWHL, 18 Mar 2024 09:34
Last post: LWHL, 8 Apr 2024 22:19
The tardiness of the update did not go unnoticed either. This one has got a strike against it for me now, but hopefully the next update will not show this company deserves to go in the bin.
Some of the senior management team might need cutting, as part of a commercial shake up, if we do see disappointment. Start with some of these inside sellers, whose remuneration is clearly too rich, if the numbers do not show justification for the rewards they enjoy.
Also, took a week to announce it which also smells and should have been explained as to why on RNS. Still holding, waiting like you for next results - hope I don't regret it.
I see another significant inside sell took place recently.
Hard to conclude this is a buy when you keep seeing such a lack of inside support, regardless of research.
Probably should cut my losses here, but am going to hold and see where this goes in the next few months.
Feels like a return to the 40's might not be inconceivable. Especially if these insiders keep on dumping their shares. Not particularly confidence-inspiring.
Unless we get a negative company-specific update, might take a few more at that point though. GLA.
Spent last night revisiting various material information and came to the same conclusion that I did back when I first invested here: that this is a buy (IMO).
What am I missing?
Those sustained inside sells and the overall SP performance has got me doubting my thesis, lol!
Have you come to a different conclusion to me, pilsudski?
Had precisely the same thought re the share sale this morning
Long term holder since the low 30s,top sliced half in the low 90s as i thought some of the tangents they were going off on looked a little flaky. Wanted to stay invested as I' ve always thought that NR and LH would be looking for an exit in the first half of this decade.
Its becoming a concern to me that nothing appears in the offing, (but these things can happen quickly).Maybe this partly explains the sickly share price this year. The recent IT confession doesn't worry me, I d rather hear about this sooner than later.
The AUM metrics look good but I need at this point to contextualize with some analysis. In particular I need to figure out where the company now ranks in its core currency overlay competence. NR was a pioneer in the 80s and a market leader in the run up to the IPO.Whilst it is one of the leading independents in the field,it's now pretty niche. Without LHs superb salesperson skills I worry a bit but not enough to bail and will be ready to add on a move
Started: JustChampers, 24 Jan 2024 10:52
Last post: LWHL, 31 Jan 2024 12:07
I thought it was a good update too. Took a small, opening position the other day, and added another small tranche yesterday.
So, blame me for the SP reacting like the update was poor! GLA.
Fab-u-lous! What's not to like - especially £3.5m in performance fees.
2 days - looking weak ! :(
Started: JustChampers, 11 Jan 2024 15:31
Last post: JustChampers, 11 Jan 2024 15:31
2 weeks - looking strong !
Started: TaltBong, 17 Nov 2023 10:10
Last post: TaltBong, 17 Nov 2023 10:10
Paul Scott has just reviewed today's results on Stocko giving REC a Green rating. In summary to his in=depth review, he feels the drop has been overdone saying that this could be a good entry point (which I'm pleased with as I bought in on the drop this morning!) GLA
Started: JustChampers, 20 Oct 2023 08:38
Last post: Hope1815, 17 Nov 2023 08:50
CEO is 68 years old and has 31 years at the company staying in an Advisory role. Replacement is already in place. Across the board, revenue profit is down but management fees were added to offset inflation over 2023/24. Overall not bad results.
The CEO has done 31 years and 68 I think it is a good time to step down. A bit of over reaction as normal by UK traders.
Not sure what to make of todays news (17/11), a mixed set of mostly negative results plus CEO departure a bit of a surprise (at 68). Her 3 year plan seems to have stalled.
I hope I'm wrong - I don't think its going to be a good morning.
Happy enough with that, and glad to have the opportunity to top up this morning having been unable to add yesterday afternoon due to the LSE glitch !
Fairly confident these will re-rate following H1 results on 17/11 and dividend to come !
Started: MartMcM, 20 Oct 2023 11:47
Last post: MartMcM, 20 Oct 2023 11:47
Record plc issued a trading update for its Q2 ended 30th September this morning. Performance fees of £1.0 million were earned during the quarter with FY-24 YTD fees of £1.5 million. AUME were US$84.5 billion, including net inflows of US$1.5 billion for the quarter. Plans for diversification through the asset management and digital asset businesses continue to progress well, albeit in places more gradually than initially envisaged. Management will give more detail on strategic progress at half-year results in November. The balance sheet remains solid with negative net debt, valuation is average with forward PE ratio at 11.5x. Share price lacks momentum. Monitor for now..
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/REC/825
Started: Dartron, 13 Jun 2023 12:20
Last post: Dartron, 13 Jun 2023 12:20
Https://recordfg.com/investors-centre/financial-calendar/
2023 Full Year Results - '12 months ending 31/03/23 - released 30/6/2023
Started: stargate, 21 May 2023 01:04
Last post: stargate, 21 May 2023 01:04
RSI, is above the crucial bullish 50 level on both the daily and weekly charts , signifying a confirmed uptrend. Bollinger bands are still going sideways , not signalling as fast movement as yet. However the sp, volatility is declining, together with volume drying up. Straight lines drawn from troughs to the second subsequent peak provide a projected sp, of 95.
Started: Troajan, 31 Jan 2023 19:38
Last post: devonplay, 16 Feb 2023 07:38
Did anyone watch the capital markets teach in last weeks, the presentation was on the IR site, but not the video last time I checked - a few days ago.
I'm in at an average 36p and good chunk of my equity has been returned via the dividend and special div, so it I guess it's been quite de- risked for me.
I still remain excited about the potential for the digital, asset management play. If they get that right it feels like there's plenty of upward opportunity left in the tank.
Balancing the solid currency activity with the new channels won't be easy, but if they manage that, and there's no reason in my opinion that Leslie won't, she a character, but I think a very capable one. I'm also impressed with Steve Cullen. Neil Records track record stands on it's merits. Then this could still be very much the start of the future.
Started: eggshead, 26 Jan 2023 15:28
Last post: eggshead, 26 Jan 2023 15:28
stay on board. This company's future is bright.
Started: Troajan, 24 Jun 2022 10:49
Last post: Troajan, 24 Jun 2022 10:49
Started: JustChampers, 21 Jun 2022 09:07
Last post: JustChampers, 21 Jun 2022 09:07
This was over a pound a year ago, should be way higher, will keep adding at these levels !
Started: Batterseafish, 26 Feb 2022 08:14
Last post: Batterseafish, 26 Feb 2022 08:14
Disappointed to see directors abandoning ship. Better choices elsewhere perhaps. Trading update not great Imho.
Started: PhBrown, 6 Oct 2021 17:49
Last post: PhBrown, 6 Oct 2021 23:22
Agree, any good new with ST article will take it to sky. If it goes to 60 then I will add more.
Market is weak. Can only think of sceptics re new strategy. I am holding on though. Could be headed to 60p which is the next level of support although it could turn up any time IMHO. Time will tell.
Hoping that I am not missing anything. Why such a drop
Started: PhBrown, 1 Oct 2021 17:39
Last post: PhBrown, 1 Oct 2021 17:39
It's a sleeping giant waiting to reveal and fly high. I am holding it tight...
Started: Rzee, 20 Sep 2021 15:45
Last post: Rzee, 20 Sep 2021 15:45
Reaching towards an average of 92 at a good pace.
Agree with Batterseafish it's a trading pattern and the perfect time to buy.
Started: Wishfulthinker, 14 Sep 2021 13:53
Last post: Batterseafish, 14 Sep 2021 19:21
Normal trading pattern……….look at the candle chart and you can see the occasional down spikes which quickly reverse. Perhaps some concern about execution risk re new funds? Just guessing but I have used the dips to buy.
What is the cause of the considerable drop in SP ?