Share Name Share Symbol Market Type Share ISIN Share Description
Arrow Global Group LSE:ARW London Ordinary Share GB00BDGTXM47 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.36% 278.50p 278.50p 279.00p 283.00p 275.50p 276.00p 533,875 16:29:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 319.0 50.6 23.0 12.1 496.95

Arrow Global Share Discussion Threads

Showing 1026 to 1048 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
18/5/2018
18:59
Wait and see
wiseacre
18/5/2018
18:54
With respect I think that’s rubbish. For a start there are two businesses. One is an asset manager and the other is an asset owner.
topvest
17/5/2018
23:48
FYI the hedge fund assesses Arrow's equity to be worthless.
wiseacre
17/5/2018
23:43
Sell side analysts are unreliable. On the whole they parrot what management tells them without proper due diligence. Debt collecting is a low margin cyclical business and the management's assumptions should not be trusted. If you can get your head round it you should look at the research of Bybrook Capital presented at the DNB High Yield Conference 12 October 2017.
wiseacre
17/5/2018
16:46
wiseacre: Take your point re options, I don't know which, if any, actually were. This was said by Peel Hunt just last month: "In terms of top income stocks, Peel Hunt looks to TBC Bank (TBCG) and Arrow Global (ARW). TBC is the parent company of the largest banking group in Georgia, where GDP is forecast to accelerate to about 5% this year. Credit management services provider Arrow offers significant target price upside - at 495p -boosted by a strongly growing dividend. The yield is forecast to rise from 3.9% in 2018 to 5.6% in 2020. The shares trade on a EV/earnings ratio of 5.7x, which compares well against the international peer average of 12x. I get your point about debt funding debt collecting being unsustainable but you personally don't know their business model. Maybe Peel Hunt, Shore Capital, Numis etc have been tricked by the way results are presented. Time will tell I guess.
jb999
17/5/2018
13:59
Most of the directors' "purchases" came by way of options so largely meaningless. The damage to the share price was done last October by devastating analysis from Bybrook Capital. IMHO these shares will continue to fall. The company's model of debt funding debt collecting is unsustainable. There is a gathering head of steam provided by hedge funds shorting the stock and jb999's idea of hedge funds wanting to climb aboard is a chimera. Be advised SELL!
wiseacre
17/5/2018
11:09
Chasbas: It's an interesting one. As you stated, investors wouldn't be chucking a billion pounds at Arrow without serious due diligence. Strange how Berenberg have opted for a strong sell when all the rest are strong buy. It's not as if there are are a mixture ie some saying hold. I could understand if Berenberg wanted to air on the side of caution and opt for investors to hold but a strong sell is weird. Could well be creating a buying opportunity for hedge funds to get in at a low price. All the top dogs at Arrow bought in yesterday as you have posted and there was a buy of over a million pounds too. Be interesting to see where this is at the end of the month as the ex div date is 31st May I believe.
jb999
17/5/2018
09:13
OK this Moody's rating of Feb 2017 is well out of date. But does anyone seriously think that investors have lent Arrow £1bn to finance a "loss making" activity according to Berenberg? If Arrow's core business is loss making the share price should be lower?? Rating Action: Moody's upgrades Arrow Global Group PLC's Corporate Family Rating to Ba3; Outlook Stable 14 Feb 2017 London, 14 February 2017 -- Moody's Investors Service (Moody's) has today upgraded to Ba3 from B1 the Corporate Family Rating (CFR) of Arrow Global Group PLC (Arrow). Moody's has also upgraded to Ba3 from B1 the ratings of the backed senior secured notes issued by Arrow Global Finance plc, a wholly-owned subsidiary of Arrow. The outlook is stable on all ratings. The upgrade reflects Moody's view that Arrow's franchise and credit fundamentals have materially improved over the past two years and are now consistent with a Ba3 rating. The agency expects Arrow to continue to maintain its strong earnings generation capacity and debt leverage at current levels going forward.
chasbas
17/5/2018
09:03
The Company announces that it was notified on 16 May 2018 that the following Directors and Persons Discharging Managerial Responsibility acquired a number of ordinary shares in the Company on 16 May 2018. The details of the transactions are set out below: Jonathan Bloomer Chairman 10,000 £2.90 Lee Rochford Director and Group Chief Executive Officer 34,575 £2.89 Paul Cooper Director and Group Chief Financial Officer 34,800 £2.85 Zach Lewy Founder and Group Chief Investment Officer and Person Discharging Managerial Responsibility 35,000 £2.83 Andrew Fisher Non-Executive Director 10,000 £2.94
chasbas
16/5/2018
18:20
Thanks deej. Berenberg must be very cautious on future earnings to justify such a low valuation. Everything coming out of the company via normal channels has been very positive so do Berenberg know something the rest of the market doesn't? Can Arrow's core debt collection business really be "loss making"? One of the reasons I invested was that Jonathan Bloomer is the chairman. He was chief executive of Prudential and IMO did a great job there. I find it difficult to believe that he is presiding over something that is not high quality. Arrow's AGM is on 22nd May. They might say something to reassure the markets.
chasbas
16/5/2018
18:15
Chasbas, I’ve long liked the business of ARW but sold out last August when I lost faith in the ever more creative accounting to present profits. Latest results show they haven’t kicked the habit. On the contrary they used it even more which may have been a driver in Berenberg’s apparent questioning of profitability. I keep watching as I would be interested in buying back in, but not until the company starts to present clean sets of numbers.
martindjzz
16/5/2018
16:22
Arrow Global shares fly lower as Berenberg kicks off with ‘sell’ note http://www.proactiveinvestors.co.uk/companies/news/197100/arrow-global-shares-fly-lower-as-berenberg-kicks-off-with-sell-note-197100.html
deej4y
16/5/2018
15:36
SP down 12% today after falling yesterday. All other broker research and recommendations are very positive with target prices above 450p!
chasbas
16/5/2018
15:34
Berenberg saying Sell with target price of 280p. Price now 278p after some big sales reported. 2017 results presentation by management was impressive and Q1 results looked good. OK there is risk if a recession takes place and not sure about expansion into Italy. BUT company says risk has been well diversified (they have £1bn of cheaply funded debt) and Italy well researched. Also strategically moving into fund management. At this share price PER for 2018 is 8x and 7x for 2019. Reasonable yield. Anybody know if anything terrible has happened to company or contents of Berenberg note? FWIW the shares likely to be very cheap at 280p. Company has never disappointed and is growing nicely with very experienced management.
chasbas
11/5/2018
20:50
Yes, interesting. The cash cost was £13m or so and they have written-off some debt issue costs. So they have basically paid the saving upfront to reschedule the debt from 5 to 8 years at an attractive rate. Not a great deal, but gives them a stronger debt maturity profile. They do have a lot of debt, but its financing discounted debt portfolio's so not that concerned on that front. The business is very cash generative if you ignore acquisitions and debt refinancing.
topvest
11/5/2018
13:37
I must be missing something with their bond refinancing. It appears to say that they spent £18m redeeming E230m bonds in order to issue new ones at a 1% lower interest rate (for a 3 year longer term). So that means they spent £18m in order to obtain an interest saving of E10m or so. Clearly I must be missing something?
martinc
11/5/2018
07:40
yes, apart from the huge debt pile, this looks interesting
asturius101
10/5/2018
20:27
The debt refinancing is presumably on acquired portfolio's so think its a genuine exceptional item. They are refinancing high cost debt with lower cost debt presumably. Bit of an odd reaction to strong results, but agree that they should disclose the payback on refinancing.
topvest
10/5/2018
14:22
Yes market spooked by this and transparency around the acquisitions. I think they're a victim of their success because now that they have attained size more mainstream managers are questioning them. It would help maybe if they highlighted the payback periods related to the refinancing. The point is it has a positive effect over all time
makinbuks
10/5/2018
13:37
Once again ARW tries to present a loss as a profit. It is ridiculous for management to pretend that debt refinancing costs are an exceptional item - it does so every year. In the meantime net debt has grown to exceed £1billion but you have to scroll right to the end of today’s announcement to read that.
martindjzz
10/5/2018
08:53
results look good to me, but the price has dropped on a good day.
deadly
10/4/2018
15:29
someone sells someone buys YAWN
pyemckay
10/4/2018
15:06
On the Hargreaves Lansdown site , there is a transaction today ( Tuesday 10/4/18 ) at 14.48 for 224,540 shares @ £ 3.54.5 , for a total consideration of £ 795,994.30 . Hargreaves show this as a purchase , but one must be sceptical , as Hargreaves often show " buys " and " sells " as the other way round , basing these assumptions merely on if the price is above or below the average price . Nonetheless , it would be great if this were a purchase , and the price does appear to be gradually rising at last . Perhaps someone with access to more sophisticated information could confirm if this was a " buy " or a " sell transaction " . All the best and DO YOUR OWN RESEARCH .
mrnumpty
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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