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Share Name Share Symbol Market Type Share ISIN Share Description
Arrow Global Group Plc 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
  0.50 0.16% 305.50 305.00 305.50 305.50 305.00 305.50 294,429 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 167.5 -114.8 -52.0 - 542

Arrow Global Share Discussion Threads

Showing 1076 to 1093 of 1400 messages
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DateSubjectAuthorDiscuss
22/6/2018
21:30
A bit of window dressing by the institutional holders as we approach the quarter's end could see recovery to 280p at which point will renew short.
wiseacre
21/6/2018
16:42
The first cut is always the best!
wiseacre
20/6/2018
14:41
That's a bit extreme. Personally sold half a few weeks ago and now wondering if this is becoming good value and should hold the rest despite being in the red.
scooper72
20/6/2018
10:12
how low can this go?
eentweedrie
18/6/2018
09:46
Dear people, the Bybrook research was focussed on the debt industry in general, which, in a competitive frenzy, drove up the price of debt it bought. The fund, however, was quite specific in estimating Arrow's equity as worthless. I see that Effortless Cool has been following Arrow for quite some time and the precipitous fall in the value of the stock must be painful. It is dangerous to fall in love with a stock and I would suggest he take the words of Oliver Cromwell to heart. In a letter to the General Assembly of the Church of Scotland he wrote: "I beseech you in the the bowels of Christ think it possible you may be mistaken". But I fear EC is condemned, much as I would like to save him from the weeping and gnashing of teeth!
wiseacre
17/6/2018
07:42
"Eastbourne198216 Jun '18 - 10:22 - 1071 of 1072 0 0 0 Effortless Cool, You appear to be a total and utter bellend". LOL. Well I guess you have answered my question as to whether you are capable of contributing to an informed discussion. What a shame.
effortless cool
16/6/2018
11:26
I was hoping this discussion would be kept civilised but it seems not.Anyway here is the formal definition of interest cover. "The interest coverage ratio is used to determine how easily a company can pay their interest expenses on outstanding debt. The ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by the company's interest expenses for the same period." You have any problem with that Eastbourne?
nurdin
16/6/2018
07:33
Here's a few facts to show how little you understand what you are posting about. • "Ignores what you paid for the debt (so doesn’t show profitability of your buying)" • "Ignores time value of money/financing costs" That is not relevant for measuring interest cover, which is what we are talking about. • "Values something at €2 which you paid €1 for" We are not valuing anything. We are calculating interest cover. • "EBITDA = Gross collections – cost to collect" • "Ignores costs to collect" You seem hopelessly confused.
effortless cool
15/6/2018
23:34
Here's a little detail for you to show Eastbourne 1982 is right EBITDA is not a relevant metric • EBITDA = Gross collections – cost to collect • Ignores what you paid for the debt (so doesn’t show profitability of your buying) • Assuming collections are 2x what you paid for the book, you need EBITDA margins above 50% to be profitable overall • EBITDA is not recurring on a depleting asset base so: • it is not an indication of what future earnings will be, and • a leveragemultiple is highly misleading • Gross ERC (estimated remaining collections) is not the current value or even the future value of the book • Ignores costs to collect • Ignores time value of money/financing costs • Ignores what you paid for it – portfolios don’t grow organically so your ERC is entirely determined by what you pay • Values something at €2 which you paid €1 for • ERC, Net? Maybe but largely based on management assumptions • Very long-dated assumptions provided to you by management 7-15 years in the future • Would any fund manager market their fund on expected returns in 7-15 years time? • Net Income? Maybe but also driven by management assumptions (but upward revaluations > net income) • Value these only by discounting the raw future cashflows
wiseacre
15/6/2018
23:23
I suggest you look at the research of Bybrook Capital presented at the DNB High Yield Conference 12 October 2017. It caused quite a frisson and Goldman Sachs was forced to pull a billion pound IPO of a debt collector. Look up the FT news story at the time. People who take the company's word for it and most of the sell side analysts are, I suggest, making a big mistake. Good luck. You have been warned.
wiseacre
15/6/2018
12:48
Just back.Thanks for that EC..saved me the effort.... :o)
nurdin
15/6/2018
10:29
From the 2017 results: "The Group is committed to maintain its strong financial profile and aims to maintain the ratio of secured net debt to Adjusted EBITDA between 3.5x-4.0x, achieving 3.9x in both 2017 and 2016. Similarly, cash interest cover was 5.9x, comfortably ahead of target at greater than 4.0x and ahead of 2016's 5.2x".
effortless cool
15/6/2018
10:12
Yes does seem like it.Should have checked what he said...but had no reason to doubt his statement.Still waiting for a call back and hoping for an explanation.
nurdin
15/6/2018
10:00
I don't think you need to call him, clearly the info is miles out.
eastbourne1982
15/6/2018
09:55
I am calling him again to double check. Duncan Browne, Head of Investor Relations +44 (0)7925 643 385 ....if anyone wants to try
nurdin
15/6/2018
09:48
I got that directly from the company IR
nurdin
15/6/2018
09:42
nurdin, Regarding interest being covered 6 x by earnings, are you sure ?? Results to Dec 2017 show: Revenue: 319 million Operating Profit: 105.94 million Net Interest costs: 71.66 million Profit Before Tax: 50.56 million Profit after tax from continuing operations: 39.91 million
eastbourne1982
15/6/2018
09:06
Because they have leveraged themselves with so much debt the equity is worthless and when the bailiff knocks on the door of Marcello in Napoli the reply comes: "Marcello? he no live here!"
wiseacre
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