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Arrow Global Share Discussion Threads
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|From the results RNS 9 Nov;
Purchased loan portfolios
We acquired debt portfolios with a face value of GBP1,166.5 million for a purchase price of GBP154.6 million (including GBP35.3 million from the Vesting Finance acquisition), equating to an average purchase price of 13.3p per GBP1. Of the purchase price invested, 39% related to secured portfolios.
|Mutli-year high achieved this morning.
I wonder if that takeover rumour has legs or if it's just that people are realising it's a very good money generating stock at a time when income is hard to find.|
|Spread is crazy first thing in the morning.|
|Effortless Cool ; thx for your post. I don't fully understand how all this works, hence my question. I understand they buy poor quality debt and get better return on that by 20%,30% etc. Still, they are borrowing money to buy the debt, which will need to be paid at some point....the speed of that borrowing going up is quiet staggering.|
My understanding is as follows.
(1) Arrow take on poor quality debt at a fraction of face value.
(2) They work to improve the quality of that debt.
(3) They issue their own, higher quality debt, at competitive rates due to the security from the cashflows from the debt they own.
(4) They use the capital raised to buy in more poor quality debt.
Repeat ad nauseum.
There is no intention to pay down the debt because it is fundamental to the business model.|
|Can anyone shed some light on rising debt levels here,Debt end of last year, it was £515m now at interim its £683.8m. That would worry me, if anyone have an explanation how they looking to pay off/reduce their debt would be great.
Thx in advance.
|Arrow Global Group Plc is today hosting a Capital Markets Day for analysts and investors starting at 2.30pm at the offices of Instinctif Partners, 65 Gresham Street, London EC2V 7NQ. The event will focus on giving an overview of the Group and its enlarged European operations. No new material trading or financial information will be provided.
The presentation slides will be made available on the Group's website from 2pm with the presentation and webcast commencing at 2.30pm with the following access details:
To join by conference call only:
From United Kingdom (Local) 020 3059 8125
All other locations + 44 20 3059 8125
Password Arrow Global
This must be quoted to the Operator in order for participants to gain access to the conference.
Arrow Global Group PLC +44 (0)161 242 5896
Rob Memmott, Chief Financial Officer|
|Arrow Global : Peel Hunt starts with buy; target price 340p|
|Mentioned in the times newspaper also|
|Arrow Global Said to Attract Interest From Buyout Firms.
|Arrow Global Group Plc : Jefferies raises target to 359p from 290p; rating buy
Also UPGRADED by few others too.|
|nfs : Dividend for the year is 9.4p according to Sharescope.|
|What do you think the final divi will be?Interim up from 1.7p to 2.7pLast year final was 5.4pSo maybe 7.3p to make 10p?|
|Can't believe the lack of interest here, but no bad thing.
Excellent recent results:
· Profit before tax up 24.7% to £20.5 million (H1 2015: £16.4 million) leading to a profit attributable to shareholders up 27.5% to £16.5 million (H1 2015: £12.9 million).
· Interim dividend of 2.7p per share (H1 2015: 1.7p)
· Total revenue up 32.4% to £101.5 million (H1 2015: £76.7 million), driven by core collections up 38.0% to £138.8 million (H1 2015: £100.6 million) and income from asset management up 292.7% to £17.2 million, leading to an increase in Adjusted EBITDA up 60.3% to £105.3 million (H1 2015: £65.7 million)|
|Recovery to pre brexit price, with FCA approval added in|
|Arrow Global Group Plc : Goldman Sachs cuts target price to 310p from 340p *|
|There is enough debt in the world to keep this company going forever.|
|Yes I can't see any negatives for Arrow with Brexit as we have already bought loans at 10p in the £ or less. Lower interest rates will be good for us.|
|ALD starting to creep|
|RB1206 - have owned these before and done OK, so I think it's worth a punt at this level. Back in! Stop @ 180.|
|Why this one is gone down so much, I thought bad times will be good times for ARW, also European OPS profit will be highers due to strong Euro now. I can see someone selling a few on Mon/Tue. Is there a sellers around or something else is the reason for weakness or been thrown out with water etc etc, due to BREXIT. Profit growing, trading inline, paying dividend am I missing something here, any opinion will be greatly appreciated.
Nurdin....you gone bit quiet, all ok.|
|Tipped in the IC.|