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Record plc (GB:REC)
:REC
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Record plc (REC) AI Stock Analysis

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GB:REC

Record plc

(LSE:REC)

Rating:74Outperform
Price Target:
66.00p
▲(6.80% Upside)
Record plc's overall stock score is driven by its strong valuation metrics and solid financial performance, despite some challenges in revenue trends and cash flow. The technical analysis indicates mixed momentum, which slightly tempers the overall score. The company's attractive dividend yield and low P/E ratio are significant positives.

Record plc (REC) vs. iShares MSCI United Kingdom ETF (EWC)

Record plc Business Overview & Revenue Model

Company DescriptionRecord plc, through its subsidiaries, provides currency and derivative management services in the United Kingdom, North America, Continental Europe, Australia, and internationally. It offers asset management services; derivatives, such as options, futures, cross-currency, and total-return swaps; fixed income instruments, including bonds and loans; ancillary services including cash and liquidity management, collateral management, and derivatives overlays. The company's clients include asset managers, pension funds, foundations, and other institutional investors. It distributes its products through direct sales, as well as through investment consultants. Record plc was founded in 1983 and is headquartered in Windsor, the United Kingdom.
How the Company Makes MoneyRecord plc generates revenue through various key streams, including fees from currency management services, advisory fees, and performance-based fees from its investment strategies. The company charges clients for its foreign exchange hedging solutions, which help manage exposure to currency fluctuations, and for its currency overlay services that enhance investment returns. Additionally, Record may enter into strategic partnerships with financial institutions or investment firms to expand its service offerings and reach more clients. The company's focus on institutional clients allows it to benefit from long-term contracts and stable revenue, with a significant portion of its earnings linked to the performance of the currency markets.

Record plc Financial Statement Overview

Summary
Record plc displays a strong financial position with efficient operational management and solid profitability. The balance sheet is robust with low debt levels and strong equity backing. However, declining revenue trends and a recent drop in operating cash flow require attention.
Income Statement
75
Positive
Record plc has shown a stable yet declining revenue trend over recent years. The gross and net profit margins are robust, indicating efficient cost management and profitability. However, a notable decline in revenue and EBIT in the most recent year affects the overall evaluation. Despite this, the company maintains a solid EBITDA margin, highlighting operational efficiency.
Balance Sheet
80
Positive
The company's balance sheet reflects a strong equity position with a healthy equity ratio, indicating financial stability. The debt-to-equity ratio remains low, suggesting prudent leverage usage. The return on equity is satisfactory, reflecting effective use of equity to generate profits. Overall, the balance sheet is strong with minimal financial risk.
Cash Flow
70
Positive
Record plc demonstrates solid cash flow generation with consistent free cash flow. However, the recent drop in operating cash flow needs monitoring. The free cash flow to net income ratio is strong, but the operating cash flow to net income ratio has decreased, signaling potential challenges in cash conversion efficiency.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue41.62M45.38M44.91M34.78M25.45M
Gross Profit41.14M45.30M44.08M33.52M24.10M
EBITDA11.86M15.26M14.98M11.73M7.83M
Net Income9.11M9.25M11.34M8.63M5.35M
Balance Sheet
Total Assets42.40M36.06M36.74M33.23M33.09M
Cash, Cash Equivalents and Short-Term Investments13.30M17.48M14.50M17.26M19.78M
Total Debt7.11M185.00K979.00K1.33M638.00K
Total Liabilities13.33M7.11M8.45M7.29M6.29M
Stockholders Equity29.06M28.95M28.29M25.93M26.80M
Cash Flow
Free Cash Flow4.86M12.24M11.21M10.99M6.45M
Operating Cash Flow7.35M13.05M12.44M11.40M6.87M
Investing Cash Flow7.09M-3.36M7.04M-3.51M-6.51M
Financing Cash Flow-10.58M-10.43M-13.04M-11.53M-7.66M

Record plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price61.80
Price Trends
50DMA
59.13
Positive
100DMA
55.23
Positive
200DMA
54.06
Positive
Market Momentum
MACD
0.06
Negative
RSI
58.98
Neutral
STOCH
96.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:REC, the sentiment is Positive. The current price of 61.8 is above the 20-day moving average (MA) of 60.00, above the 50-day MA of 59.13, and above the 200-day MA of 54.06, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 58.98 is Neutral, neither overbought nor oversold. The STOCH value of 96.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:REC.

Record plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£117.20M13.1233.84%7.52%-7.46%-2.48%
68
Neutral
$17.53B11.6710.43%3.82%9.93%1.66%
£57.76M20.706.73%2.89%
£85.57M16.594.83%9.23%
72
Outperform
£140.15M40.631.83%1.14%0.11%
58
Neutral
£14.02M-18.57%69.55%-12.10%
57
Neutral
£105.10M44.411.99%8.89%1.57%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:REC
Record plc
62.20
3.26
5.53%
GB:FEN
Frenkel Topping
47.00
0.03
0.06%
GB:LIV
Livermore Investments
51.75
17.51
51.14%
GB:MERC
Mercia Asset Management
32.50
-1.48
-4.36%
GB:EMVC
NetScientific
50.50
-8.00
-13.68%
GB:PMI
Premier Asset Management
67.50
0.85
1.28%

Record plc Corporate Events

Business Operations and Strategy
Record plc Directors Exercise and Sell Share Options
Neutral
Aug 11, 2025

Record plc, a company involved in financial services, announced that its directors, Kevin Ayles and Jan Witte, exercised share options under the company’s Share Scheme and Long Term Incentive Plan. This exercise was followed by the sale of a significant number of shares to cover associated costs and tax liabilities. The transactions, conducted outside a trading venue, reflect strategic financial management by the company’s leadership, potentially impacting stakeholder perceptions and the company’s market positioning.

Regulatory Filings and Compliance
Record plc Senior Managers Acquire Shares Under Incentive Plan
Neutral
Jul 31, 2025

Record plc announced that senior managers Thomas Arnold and Shaesta Wahedally have acquired shares in the company through the Record plc Share Incentive Plan. This acquisition, conducted at a price of 59.992 pence per share, reflects the company’s commitment to aligning managerial interests with shareholder value. The transaction was disclosed in compliance with the UK Market Abuse Regulation, highlighting transparency in corporate governance.

Business Operations and StrategyRegulatory Filings and Compliance
Record plc Senior Manager Acquires Shares Under Incentive Plan
Positive
Jul 31, 2025

Record plc has announced that Thomas Arnold, the Head of the Client Team, has acquired 374 ordinary shares in the company through the Record plc Share Incentive Plan at a price of 60.4544 pence per share. This transaction, disclosed under the UK Market Abuse Regulation, reflects the company’s ongoing commitment to aligning management interests with shareholders and may impact stakeholder confidence positively.

Business Operations and StrategyFinancial Disclosures
Record plc Reports Growth in AUM Amidst Mixed Performance Fees
Neutral
Jul 25, 2025

Record plc reported a growth in assets under management (AUM) to US$107.9 billion by the end of the first quarter of 2026, driven by strong new investments in core risk management products and positive foreign exchange movements. Despite a decrease in performance fees compared to the previous year, the company remains optimistic about revenue growth, although it is contingent on closing large, complex deals in the pipeline. The net flows were neutral, with inflows in risk management offset by outflows in absolute return products, reflecting the completion of a wind-down of an FX Alpha mandate.

Shareholder MeetingsBusiness Operations and Strategy
Record plc Secures Strong Shareholder Support at 2025 AGM
Positive
Jul 24, 2025

Record plc announced that all nineteen resolutions proposed at its 2025 Annual General Meeting were passed with significant shareholder support, each receiving over 90% of votes in favor. The resolutions included the adoption of the annual report, approval of directors’ remuneration, re-election of directors, and authorization of share allotment and purchase, reflecting strong shareholder confidence in the company’s governance and strategic direction.

Regulatory Filings and Compliance
Record plc Announces Managerial Share Disposal
Neutral
Jul 4, 2025

Record plc announced a transaction involving the disposal of interests by Shaesta Wahedally, the Head of Client Onboarding, who sold 85,000 ordinary shares at £0.65 each on the London Stock Exchange. This transaction is part of the company’s compliance with the UK Market Abuse Regulation, reflecting transparency in managerial dealings and potentially impacting stakeholder perceptions.

Regulatory Filings and Compliance
Record plc Announces Managerial Share Acquisitions and Corrects Previous Notification
Neutral
Jul 1, 2025

Record plc announced that Thomas Arnold, Head of the Client Team, acquired 357 ordinary shares at 63 pence each through the company’s Share Incentive Plan. This transaction, conducted on the London Stock Exchange, underscores the company’s commitment to aligning managerial interests with shareholder value. Additionally, a correction was made to a previous notification regarding the Group Bonus Scheme, clarifying that shares were acquired directly by Thomas Arnold rather than transferred to a spouse. This transparency in managerial transactions is crucial for maintaining regulatory compliance and investor trust.

Business Operations and Strategy
Record plc Releases 2025 Sustainability and Climate Reports
Positive
Jul 1, 2025

Record plc has published its Sustainability and Climate Reports for the financial year 2025, highlighting the company’s commitment to sustainability as a core aspect of its strategy. The reports underscore the significant progress made by the Sustainability Team in enhancing the company’s approach and impact, aligning with its goal to deliver long-term value for stakeholders.

Executive/Board ChangesBusiness Operations and Strategy
Record plc Executives Acquire Shares Under Bonus Scheme
Positive
Jun 25, 2025

Record plc, a company involved in financial services, announced that several of its directors and senior managers have acquired ordinary shares under the Group Bonus Scheme. The acquisitions, which were notified on June 24, 2025, involved notable figures such as Jan Witte, Kevin Ayles, and Richard Heading, among others. This move reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting its market perception and stakeholder confidence.

Executive/Board ChangesBusiness Operations and Strategy
Record plc Grants Nil-Cost Options to Key Executives
Positive
Jun 25, 2025

Record plc has announced the granting of nil-cost options over its Ordinary Shares to its directors and senior managers under the Long Term Incentive Plan. This move is part of their strategy to align the interests of key personnel with company performance, focusing on earnings per share, total shareholder return, and strategic objectives over specified performance periods. The announcement is expected to impact the company’s operations by incentivizing management to achieve long-term goals, potentially enhancing Record plc’s industry positioning and offering implications for stakeholders regarding future company performance.

Shareholder MeetingsDividends
Record plc Announces 2025 AGM Details and Dividend Timetable
Neutral
Jun 24, 2025

Record plc has announced the arrangements for its 2025 Annual General Meeting, which will take place at its new London office on July 23, 2025. The company has also recommended a final dividend of 2.5 pence per share for the financial year ending March 31, 2025, pending shareholder approval at the AGM. This announcement outlines important dates for shareholders, including the ex-dividend date on July 3, 2025, and the dividend payment date on July 25, 2025.

Financial Disclosures
Record plc Announces Preliminary Results Presentation
Neutral
Jun 20, 2025

Record plc announced that its CEO Jan Witte and CFO Richard Heading will present the company’s Preliminary Results via Investor Meet Company on 27th June 2025. The presentation is open to all existing and potential shareholders, allowing them to submit questions in advance, highlighting the company’s commitment to transparency and engagement with its stakeholders.

Executive/Board ChangesDividendsBusiness Operations and StrategyFinancial Disclosures
Record plc Reports Strategic Progress and Financial Resilience Amid Leadership Transition
Positive
Jun 20, 2025

Record plc announced its financial results for the year ending March 31, 2025, highlighting strategic progress despite a slight decline in assets under management and revenue. The company reported an increase in earnings per share and a higher dividend, reflecting strong financial management during a period of leadership transition. Record plc is optimistic about future growth with the introduction of new product pillars and the launch of innovative funds, such as the world’s first Sharia-compliant Deep Tier Supply Chain Finance fund. The leadership changes and strategic initiatives are expected to strengthen the company’s market position and deliver long-term value to stakeholders.

Private Placements and FinancingBusiness Operations and Strategy
Record plc’s Joint Venture Secures Funding for Kola Potash Project
Positive
Jun 11, 2025

Record plc’s joint venture, OWI-RAMS GmbH, has signed non-binding term sheets with Kore Potash plc to secure approximately US$2.2 billion in funding for the Kola Potash Project in the Republic of Congo. This initiative is expected to bolster global food security and stimulate economic growth in the region, aligning with OWI-RAMS’s investment strategy in critical food and energy infrastructure.

Business Operations and StrategyRegulatory Filings and Compliance
Record plc’s Senior Manager Acquires Shares, Signaling Confidence
Positive
May 29, 2025

Record plc announced that Thomas Arnold, the Head of Client Team, has acquired 408 ordinary shares in the company through the Share Incentive Plan at a price of 54.97 pence per share. This transaction, disclosed under the Market Abuse Regulation, signifies a commitment to the company’s growth and aligns managerial interests with shareholder value, potentially impacting stakeholder confidence positively.

Business Operations and StrategyRegulatory Filings and Compliance
Record PLC Announces Change in Voting Rights Structure
Neutral
May 28, 2025

Record PLC has announced a change in its voting rights structure following an acquisition or disposal of shares by Premier Miton Group plc. As of May 23, 2025, Premier Miton Group plc holds 5.137621% of the voting rights in Record PLC, marking a significant position in the company’s shareholder structure. This adjustment in voting rights could influence Record PLC’s strategic decisions and stakeholder dynamics.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 07, 2025