Record’s Q217 trading update was encouraging as it showed an increase in assets under management equivalents (AUME), a maintained client count and an indication that investors are taking an interest in a range of the company’s products following a period of heightened currency volatility. In this context, the prospective rating with an FY17e P/E of just over 10x and the yield of 6.2% (ex any special payment) seems very conservative.
25 Oct 2016
Positive Q2 trading update
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Positive Q2 trading update
Record plc (REC:LON) | 62.0 -2.2 (-5.7%) | Mkt Cap: 123.4m
- Published:
25 Oct 2016 -
Author:
Andrew Mitchell -
Pages:
7
Record’s Q217 trading update was encouraging as it showed an increase in assets under management equivalents (AUME), a maintained client count and an indication that investors are taking an interest in a range of the company’s products following a period of heightened currency volatility. In this context, the prospective rating with an FY17e P/E of just over 10x and the yield of 6.2% (ex any special payment) seems very conservative.