Record’s Q317 trading update continued a series of positive updates through the financial year. It showed an increase in assets under management equivalent (AUME), positive currency for return performance and reported continuing interest in the company’s products in a climate of political and economic uncertainty. We have slightly raised our estimates to account for the higher AUME and recent dollar strength. Against this background, the rating of 13.7x FY17e earnings, supported b
25 Jan 2017
Good performance in uncertain times
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good performance in uncertain times
Record plc (REC:LON) | 67.0 1.1 2.5% | Mkt Cap: 133.4m
- Published:
25 Jan 2017 -
Author:
Andrew Mitchell -
Pages:
6
Record’s Q317 trading update continued a series of positive updates through the financial year. It showed an increase in assets under management equivalent (AUME), positive currency for return performance and reported continuing interest in the company’s products in a climate of political and economic uncertainty. We have slightly raised our estimates to account for the higher AUME and recent dollar strength. Against this background, the rating of 13.7x FY17e earnings, supported b