Arrow Global Share Discussion Threads

[the stigologist] 21/4/2015 09:21

itchy you are very quiet on PROX

5p to 1p since you ramped a few months back

[itchycrack] 16/4/2015 10:25

On the verge of a possible breakout here, should target 300p+ if it does IMHO.

[glaws2] 01/4/2015 15:33

At last some life in this.

[davebowler] 01/4/2015 10:46

Best part;
"The combined effect of the transactions will be EPS accretive in 2016, with the contribution expected to grow in future years. These transactions further underpin our confidence in our ability to continue to deliver a ROE in the mid-twenties in the medium term."

[gucci] 01/4/2015 08:19

TIDMARW

RNS Number : 1139J

Arrow Global Group PLC
nice bit of news here


01 April 2015

1 April 2015

Arrow Global Group PLC

Arrow Global announces strategic partnership and acquisitions to strengthen further its position in Portugal

Arrow Global Group PLC ("Arrow Global" or the "Group"), a leading European purchaser and manager of debt portfolios, today announces the formalisation of a strategic origination and servicing partnership and associated acquisitions which strongly reinforce Arrow Global's position as a market leader in Portugal.

Origination and servicing partnership with CarVal Investors

[cestnous] 13/3/2015 08:19

I.C. today;

Arrow on target
Underlying profits grew 17 per cent at Arrow Global (ARW) last year, despite a dip in underlying return on equity from 26.5 per cent to 26.1 per cent. The company buys up distressed loan portfolios from mainstream lenders and uses its complex data system to increase returns from non-payers.
The system allows the group to concentrate on ensuring people only pay back what they can afford. This is important because it helps create a working relationship with debtors to create a sustainable income stream from repayments. Around three-quarters of cash collections came from regular small payments, which in the UK averaged £24 a month.
Arrow bought £138m-worth of loan portfolios during the year, but these had a face value of £1.3bn. This pushed up the estimated rental collection from the portfolio by £247m to £897m, based on a total loan book with a face value of £12.7bn.
Further investments included the acquisition of Capquest, the UK’s fifth largest debt buyer, for £153m. The deal is attractive for two reasons: first, Capquest has a back book of estimated collections worth £224m; and, second, it has an in-house collection system, whereas Arrow has been using third-party collectors. As a result, Arrow expects cost synergies of around £6.5m on full integration.
Analysts at Numis are forecasting pre-tax profits of £41.6m for 2015 and EPS of 20.3p (from £24.1m and 17p in 2014).
Arrow Global’s shares are up since our buy tip (230p, 12 Jun 2014), yet still trade on an undemanding 12 times forecast earnings. JC
Buy

[snowydays] 05/3/2015 13:31

Thanks Glaws.

[glaws2] 05/3/2015 12:52

The apparent discrepancy between forecast and reported Pre tax profit is down to the non recurring items. Excluding these gives a PBT of £36.9m compared to the forecast of £33.9m.

The non recurring costs relate to the acquisition costs, IPO costs and "settlement costs", the latter being historic VAT issues and contract termination costs arising from acquisition of Capquest.

[imranawan] 05/3/2015 11:51

Not sure what the profit before tax you are looking at but eps achieved was 17 compared to 17.2 which was the consensus estimate.

[gohil18] 05/3/2015 11:32

Profit before tax quite some way behind forecasts. Looks like a big miss?

[webpax] 05/3/2015 09:15

Conference call at 13:00 today for those interested:

Arrow Global, one of Europe’s leading purchasers and managers of debt, will announce its full year results for the twelve months ended 31 December 2014 on Thursday, 5 March 2015.

There will be a conference call for investors at 13:00 (UK time).

Dial in details below:
Participant Dial-In UK: 0800 6945707
Participant International Dial-In: [phone]
Conference ID: 81467535

[cestnous] 05/3/2015 09:08

All in all a solid set of results going forward. May even see some upward re-ratings. Will be hanging on in for a while yet.

[harriiiiddda] 05/3/2015 07:46

Strong results good growth.

[glaws2] 05/3/2015 07:29

Well expectations met - and indeed slightly exceeded although there are not the most straight forward set of accounts to digest. Dividend of 5p for full year. Outlook for next year in line with forecasts.

[snowydays] 04/3/2015 16:53

Results out tomorrow.

Expectations are for £104.36m revenue, £33.92m pre-tax and 17.07p eps.

[sphere25] 24/2/2015 18:22

I went long (see above post) with a few batches averaging about 223 after the big volume breakout over 220.

Purely a chart trade.

Stubborn this stock, but getting there eventually.

[imranawan] 24/2/2015 13:37

What was your entry point out of interest Sphere?

[sphere25] 24/2/2015 13:13

Getting there folks.....slowly (yawn) but surely!

Hoping for 250 as a good exit point.

[robmal] 04/2/2015 08:29

www.dailyrecord.co.uk/business/business-news/debt-collection-firm-capquest-create-5090490

[sphere25] 30/1/2015 16:51

Loopy stock this one. Rose on very heavy recent volume to the 230 mark yesterday and fallen back in the morning on very light volume (which would appear to be a genuine shake).

Buyers in size then appeared in the afternoon with 100k @ 224 and 112k @ 225, which would bode well for next week.

Sphere - punted a few for a trade on the long side

[choppa] 29/1/2015 18:25

Yeah last couple of trading days there has been a bit of interest.

[gucci] 29/1/2015 15:42

ooohhh thats a nice move up

[gucci] 29/1/2015 14:49

thats good news
hopefully we can head back to 265+

[webpax] 29/1/2015 13:15

The Times Market Report this morning suggests that a big seller overhang has now been cleared.