Arrow Global Share Discussion Threads

[nurdin] 01/4/2016 09:59

I have revisited ARW and bought back a few.The acquisition greatly expands the scale of their operations and provides a solid base for the European market.Trading at under 10x 2016 earnings forecast and yielding nearly 4%. Cheap imo

[davebowler] 11/3/2016 14:09

Challenger Bank not yet making any profit!

[davebowler] 03/3/2016 15:10

Bought debt for 12p in the £ but 32% of the debt was secured!
Bargain.

[davebowler] 03/3/2016 13:45

''Purchased loan portfolios-

During 2015, we acquired debt portfolios (including those through acquisitions) with a face value of GBP1,505.8 million for a purchase price of GBP180.3 million equating to an average purchase price of 12p per GBP1.

For the year to 31 December 2015, the 120-month gross cash-on-cash multiple for this vintage was 2.0 times (84-month: 1.7 times) from the date of purchase. Of the purchase price invested 32.3% related to secured portfolios.

These portfolios acquired, net of amortisation, have increased the balance sheet value of our purchased loan portfolios to GBP586.3 million as at 31 December 2015 (2014: GBP477.5 million). The balance excludes a GBP23.5 million portfolio of assets which has been acquired at the year end, and will shortly be resold to an investment partner.

As at 31 December 2015, the total face value of acquired purchased portfolios was GBP14.2 billion (2014: GBP12.7 billion) across 8.6 million customer accounts.''

[deadly] 03/3/2016 09:16

Excellent results today.
No real reason for recent poor share price performance, just the market negativity.

"Significant contract renewals and our new business pipeline will enable us to continue delivering growth, profitability and value in 2016.".

[mbmiah] 15/1/2016 21:32

IPO price?

[pyemckay] 15/1/2016 17:03

i bought more to tuck away for the long term.

[davebowler] 15/1/2016 15:25

Breakdown!

[nw99] 26/11/2015 07:05

Tom Drury, chief executive officer of Arrow Global commented:"Arrow Global achieved another set of strong results in Q3, delivering on our strategy of diversifying by geography, asset class and revenue stream, while driving strong returns on investment."We have continued to grow our capital-light servicing revenues across the business. Following the acquisition of Whitestar and subsequent contract awards, we now service circa €6 billion of assets by face value in Portugal."In December 2015, we will start to migrate the servicing of the Erudio Student Loans portfolio in-house and onto our new integrated customer service platform - student loans is a strategic asset class from which we expect further servicing and purchasing opportunities."Capquest continues to outperform our expectations. Collections are at 103% of our original underwriting forecast and our strong cost control and delivery of synergies has helped increase our Adjusted EBITDA to £103.9 million. Based on this on-going strong performance, we now expect an additional £2 million of synergy benefits in 2016, which we will use to strengthen our UK market proposition."Our funding position remains strong and the successful placing of our €110 million bond in September supplements the Group's high levels of cash generation, strengthening our ability to grow. Since 30 September, our expansion in mainland Europe has continued with a significant portfolio acquisition in Holland, and in Portugal we secured our first portfolio investment from the strategic origination partnership with CarVal Investors. At 25 November 2015 we had acquired £133.7 million of portfolios in line with our target returns."Going into the final quarter, we have good visibility on a strong pipeline of deals and we remain firmly on track to deliver overall full-year earnings in line with our expectations. As we look to 2016, with the full-year benefits from the successful implementation of the Capquest and Whitestar acquisitions overlaying continued growth from attractive organic investments, we are confident in achieving another year of significant growth."

[davebowler] 09/11/2015 14:09

Arrow Global Group PLC ("Arrow Global" or "the Group"), a leading European purchaser and manager of debt portfolios announces that, in line with the Group's European growth strategy, it has acquired a loan portfolio in the Netherlands with a face value of circa EUR173 million.

Highlights

-- Acquired portfolio with a face value of circa EUR173 million (GBP122 million)
-- Portfolio comprises mainly unsecured, paying and non-paying loans
-- Purchase reinforces European growth strategy and represents an expansion of Arrow Global's footprint in the Netherlands

The purchase represents an expansion of Arrow Global's footprint in the Dutch market, following an initial EUR1 million pilot investment in June 2014. The Netherlands is an established market with the total value of NPLs estimated at EUR116 billion(1) , with regular portfolio sales by second tier banks and credit institutions in particular, and with relatively high levels of credit bureau data available.

The portfolio consists of mainly unsecured, paying and non-paying accounts at various stages of the recoveries cycle. In addition to delivering returns expected to be in line with Arrow Global's stated targets, the portfolio is also expected to provide significant levels of data that will help to inform future purchase decisions.

Tom Drury, Chief Executive Officer of Arrow Global commented:

"We are delighted to announce this purchase which we have been monitoring for some time. It extends our footprint in the Netherlands and reinforces the strength of our brand in European markets, something which is key to our continued growth.

"We believe the Netherlands is an attractive market for Arrow Global, both in terms of the scale and development of the market and the availability of credit bureau data. This portfolio is incremental to the GBP23.1m of our Q4 pipeline that we announced was in implementation on 12 October. We are confident it will perform in line with our target returns and we remain on track to deliver overall full-year results in line with our expectations."

[gucci] 03/11/2015 15:15

heading back to 280p

[uhound] 13/10/2015 08:54

My stops been hit, so I'm out with a 5% gain. Shame, was up over 20% a few weeks back.

Seen it all before - after hours announcements never go down well, even though had this come out today at 7:00 would have had same result - Just seems worse!

Would think it should recover but the loss of confidence in board may keep these down for a while.

Will invest elsewhere for now.

[miavoce] 13/10/2015 06:47

They have only sold about a quarter of their holdings....seems perfectly acceptable for them to realise some of their assets.

The interesting thing will be to see who picks them up and the price achieved (a small discount to the market price would be normal, a large discount would be concerning).

I have no position, as a former holder I just keep an interested eye on developments.

[funkmasterp12] 12/10/2015 22:35

No PW but the director sells stink imo, as soon as the lock-in expires they've dumped 8 mil "for personal portfolio reasons". They clearly feel the share price isn't going higher any time soon.

[imranawan] 12/10/2015 20:13

Funkmaster - where's the PW? The RNS suggests results should be inline. Not sure what I'm missing?

Disc: I don't have a position.

[funkmasterp12] 12/10/2015 18:56

Horrendous RNS. After hours too. Current trading being inline won't be enough to placate a run to the hills from the directors. This'll take a big hit tomorrow sadly. Feel for holders.

[deadly] 12/10/2015 18:45

Sorry for holders.
But should be a good chance to get back in.

[deadly] 27/8/2015 12:08

Good rise?
Wishful thinking?

Don't think they are so wonderful:

Underlying basic and diluted EPS for the period ended 30 June 2015 was 8.7 pence representing an increase of 13% (30 June 2014: 7.7 pence),

[technofiend] 27/8/2015 07:34

We can expect a good rise, but has the profit margin decreased?

[scapital] 27/8/2015 07:22

Good set of results