Record is in its 35th year and underlying its longevity are expertise and service levels that have sustained a client base through changing markets. FY18 saw further investment in personnel to support customised services, while a new product offering in passive hedging has the potential to earn performance fees that we have not included in our estimates. Similarly, positive net AUME flows could allow earnings to beat our expectations.
20 Jun 2018
Maintaining client commitment
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Maintaining client commitment
Record plc (REC:LON) | 63.9 1.2 2.9% | Mkt Cap: 127.2m
- Published:
20 Jun 2018 -
Author:
Andrew Mitchell -
Pages:
9
Record is in its 35th year and underlying its longevity are expertise and service levels that have sustained a client base through changing markets. FY18 saw further investment in personnel to support customised services, while a new product offering in passive hedging has the potential to earn performance fees that we have not included in our estimates. Similarly, positive net AUME flows could allow earnings to beat our expectations.