Simon Thompson 

In search of yield

Simon Thompson

Simon Thompson
In search of yield

I had an enlightening call with the directors of currency manager Record (REC:31p) following the fourth quarter trading update. I included the shares in my market beating 2018 Bargain Shares portfolio on the basis of the company’s sustainable high dividend, cash-generative asset light business model (post-tax return on equity of 23.5 per cent in the 2019 financial year), prospects for earnings progression and the reassurance of a rock-solid capital position.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now