Market's view on Record
Published on April 2024
- Concerns about the historic relevance of AUM figures in the Edison research commissioned by Record for this year.
- Discussion of potential access to Panmure research, noting Panmure as house brokers might produce some research.
- Criticism of the former CTO’s performance at a capital markets presentation and the high cost of her dismissal to shareholder funds.
- Positive remarks on the reigning in of previous management’s excesses under new CEO leadership.
- Mention of a significant $7m figure related to AUM, representing a substantial percentage compared to previous years, despite global market stability.
- Comments on the underperformance of growth and tech initiatives under former executive Leslie, while acknowledging strong performance of the core business.
- Discussion on the volatility of equities affecting AUM and performance fees, with a substantial increase due to FX movements.
- Frustration over delays in launching new funds due to legal and regulatory processes, but optimism about potential positive market reaction if the Crypto fund launches.
- Mention of increased AUM due to stock market movements, counterbalanced by a decrease due to FX movements.
- Concerns raised about continuous selling by a shareholder at current stock levels.
- Reference to performance fees for the quarter contributing to annual figures.
- Speculation on the company’s ability to double important metrics over the next five years under new management.
- Discussion on the timing of a share sale potentially related to tax year-end considerations.
- Concern over delayed announcement of significant news, implying negative implications.
- Debate over the impact of a CTO’s share sale, with suggestions it may be for personal financial needs or insider knowledge.
- Mention of substantial growth in core business AUM and potential for significant dividend yield despite ongoing costs and new projects.