Professional
Added to YB: 2026-02-18
Pitch date: 2026-02-13
REC.L [neutral]
Record plc
+0.7%
current return
Author Info
Wexboy writes a blog about value investing, mostly in UK, Irish and US listed stocks. Sign up for the newsletter.
Company Info
Record plc, through its subsidiaries, provides currency and asset management services in the United Kingdom, North America, Switzerland, rest of Europe, Australia, and internationally.
Market Cap
GBP 110.5M
Pitch Price
GBP 0.57
Price Target
N/A
Dividend
8.16%
EV/EBITDA
10.02
P/E
13.33
EV/Sales
2.68
Sector
Capital Markets
Category
dividend
Wexboy 2025 Annual Review…Clawing My Way Back In Black - Record plc
REC.L (holding update): UK asset mgr up 5.6% in FY25, 8.5% div yield, AUM hit $116B (+15% YOY), Solutions AUM +36% to $17.4B, high-fee FX Alpha +58% QOQ to $2.7B. Trading 14x P/E, 2.5x EV/Rev vs 25% op margin (60% incremental potential). Mgmt investing for growth, targeting £60M rev & 40% margins vs £40M today. Comparable peers acquired at 20-50x P/E. Founders own 33% stake.
Read full article (3 min)