Member Info for courtier

LONDON (ShareCast) - (ShareCast News) - Record posted double-digit growth in full-year revenues and earnings, which led management to boost its full-year dividend payout alongside a special payment for the full-year. Company chairman Neil Record said: "This year, Record has reported its highest-ever assets under management equivalent, increased revenues and earnings, and further growth in revenue diversification, with revenues from Passive Hedging now covering all overheads excluding variable remuneration[.....] The Board has decided that conditions are now right for a change in our capital policy and is considering a return of approximately £10m of excess capital to shareholders, more details of which will be provided to the market shortly." The final dividend was set at 1.175p, for a full-year payout of 2.0p, up from 1.65p in 2016. On top of that, Record declared a special dividend of 0.91p. "For the current and future financial years, the Board intends to pursue a progressive dividend policy and to consider the return of excess earnings over ordinary dividends to shareholders, potentially in the form of special dividends."

Inmarsat: Deutsche Bank reiterates Buy with a target price of 1020p. The EU court case is worrying but I am betting all will be well and it will be the (jealous?) competitors who will lose out, but we just have to wait and see.

Inmarsat plc will report results for the 6 months ended 30 June 2017 on Thursday 3 August at 07.00hrs BST (London time). Inmarsat management will host a presentation of the results at Inmarsat plc offices, 99 City Road, London EC1Y 1AX on the morning of Thursday 3 August. The presentation will be webcast and can be accessed via our website: www.inmarsat.com.

Inmarsat plc will report results for the 6 months ended 30 June 2017 on Thursday 3 August at 07.00hrs BST (London time). Inmarsat management will host a presentation of the results at Inmarsat plc offices, 99 City Road, London EC1Y 1AX on the morning of Thursday 3 August. The presentation will be webcast and can be accessed via our website: www.inmarsat.com.

For what it is worth Goldman Sachs have updated their target price from 247p in April to 280p with a buy recommendation. They obviously think my 250p prediction, see below, highly likely. Perhaps I should change my mind and suggest 300p might be approaching.

See: http://www.lse.co.uk/ShareNews.asp?shareprice=HSD&code=bh30guuv&headline=STOCKS_NEWS_EUROPEUK_small_caps_inch_higher_Hansard_slips

I found the vies expressed, though briefly, on the future directions of ISAT most interesting. I am not going overboard in the hope of a takeover, so will just continue to drip feed into my holding.

I found the vies expressed, though briefly, on the future directions of ISAT most interesting. I am not going overboard in the hope of a takeover, so will just continue to drip feed into my holding.

From the I newspaper Fri 30th June: Shares in DHSmith hit 488p at one stage yesterday before settling 8% higher at 481p, after the cardboard maker moved into the US market with a near-£1bn takeover deal. The firm, founded in London, is to buy Virginia-based packaging firm Interstate Resources.

The articles I have found only state that Link has bought Capita's asset managerment service arm. I am not sure quite what this means but there must be a real tie up between Capita and Link now, so you are probably correct that Link will no longer need Equiniti's services.

No chameleon1, my last buy was almost 100000 shares to more or less double my holding. I had to sell a small part of my valued holding in Workspace Group too. It hurt.

Finally decided to double my holding before the rise in price I expect in mid July. Fortunately my average price here is 6.2p which is probably more than I should have paid but recoverable. I bought my first tranche rather too early. I always try to find one share with some risk but also good expectations of profits for my share ISA and this is the one at the moment. I base my strong buy recommendation on the projected flows in MM's rns messages. Just hope I have it right again as I have put every spare pound in my portfolio into this.

We are so near 250p, no stop this wishful thinking! I bought when Equiniti first arrived on the London Exchange and at the time I thought the shares were probably going to gradually increase to about £3. The dividen is reinvested for me, but the steady growth in value is more important.

Includes great dividend news: § AUME[1] $58.2bn at 31 March 2017 (up 10%) § AUME £46.6bn at 31 March 2017 (up 26%) § Revenue of £23.9m (up 13%) § Profit Before Tax (PBT) of £8.7m (up 26%) and underlying PBT of £7.9m (up 13%) § Operating profit margin of 36% (2016: 32%) and underlying margin of 34% (2016: 33%) § Robust financial position with net assets of £41.6m at 31 March 2017 (2016: £37.7m) § Basic EPS of 2.91p per share (2016: 2.55p) § Proposed final ordinary dividend for the year is 1.175p per share, giving a total ordinary dividend in respect of the year of 2.00p per share (2016: 1.65p) § Special dividend declared for the year of 0.91p per share (2016: nil) Neil says: "Since the financial crisis of 2008 and 2009, the Board's focus has been on building a robust business by continuing to develop its diverse suite of currency-related products and strategies, by investing in our people and infrastructure, and by building a strong and liquid balance sheet and regulatory capital buffer. "This year, Record has reported its highest-ever AUME, increased revenues and earnings, and further growth in revenue diversification, with revenues from Passive Hedging now covering all overheads excluding variable remuneration. Our balance sheet is strong, with consolidated net assets of £41.6m, underpinned by own cash[2] of £29.2 million, and comfortably in excess of our regulatory capital requirements. "The Board has decided that conditions are now right for a change in our capital policy and is considering a return of approximately £10 million of excess capital to shareholders, more details of which will be provided to the market shortly. "Furthermore, the Board is recommending an increase in the ordinary dividend for the year of 21%, whilst also confirming its previous intention of returning excess earnings over ordinary dividends for the financial year to shareholders, by declaring a special dividend equal to the excess of basic earnings over ordinary dividends, equivalent to 0.91 pence per share to be paid simultaneously with the final ordinary dividend. "The current environment of uncertainty and change is seemingly set to continue and will provide opportunities to engage with clients, to understand their objectives, and to develop tailored solutions. Record has the strategies, track records, operational systems and most importantly the people to do so."

From Cityam: Standard Life is ready to sell its £16.1bn annuity book after shareholders have approved the merger with Aberdeen Asset Management. Phoenx, Rothesbury Life or the Pension Insurance Corporation are possible buyers. Keith Skeoch, "if there is benefit to shareholders". Let us see if the share price rises!

I keep a target value on my holding of Equiniti and if the value goes £1000 above my target I sell £1000 worth. I bought Equiniti in six stages, averaging about £2740 each, between Oct 2015 and May 2016. On looking at my record of sales over target I am amazed to find I have taken £6500 out to invest in other shares. That is 40% of my investment. I have also enjoyed reinvesting the dividends. I must add that I am always a little wary of my own mathematics but have checked very carefully before posting.

Workspace: Last week, the firm – which rents out affordable office space in London to new and growing firms – unveiled healthy results and confirmed it is in talks to buy a London property for £158million. Analysts praised the 8 per cent rent growth reported by the firm over the last six months as well as its attractive 3 per cent dividend yield, which is way ahead of competitors.

Anna Botin is responsible for the purchase of Banco Popular is the subject of this article. I hope it supports my faith in the management team at Santander. https://www.ft.com/content/b429851a-4d01-11e7-a3f4-c742b9791d43?mhq5j=e1

I own shares in acompany that sends satellites into space and is pioneering global internet services. Oh currently it keeps going up in value. Investing has never been such fun!

On Friday I made a small profit so wanted to add to my small holding here. My ISA is held for me by Selftrade. I had to make three attempts to purchase the SRON shares I wanted. The first two attempts met with a blank page, something I have never experienced before. I was reminded of a few posts here saying there were problems purchasing SRON. Is this the case? My third attempt was dealt with normally.