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Thanks titan, this is likely to be my biggest regret, I’ll look at brown.
Kozz have a look st nbrown. It's fashion aimed at mature people and for plus sizes. A niche the mainstream fashion shops don't always cater for. Doubt 60yr old Maggie is going to buy a boob tube from boohoo.
Pains me to say, worse investment I made. If investment grade debt has been downgraded to junk, what do you call the bottom of the barrel junk rated debt arrow has bought over the years when it's downgraded
If you look at the history of annual reports, you can see the amount of shares awarded to exec board. Your talking millions, yet they hold virtually nothing now, which implies they have sold. Just look at the directors holdings, it's embarrassing. C suite normally buy into the share knowing the business direction. Your think they would be rushing to buy now, but nothing
Looks like he only sold to cover the tax from the options LTI. Regardless of that, I’d have preferred not to have bought
I may be missing something here, looking at the director dealings I don’t see sales, just buys and transfers. No intention to support or slate Arrow, I already admitted my error to buy!
Majority concentrated in Italy. You can't have picked a worse country to invest in on distressed debt, it would be like trying to bleed a stone.
Take nbrown group. Their chairman owns a huge 34% of the shares. So for me investing a big amount in that comes with comfort knowing when I loose they loose more. Surprisingly he hasn't sold a single share
I agree, I have lost abit on this
I refused to look at the signs. Company brags billions in AUM but generates so little profit. Then you look at the directors remuneration and you think this is daylight robbery. That's just the board, not even accounting for the others executives skimming the pot.
A good share is where founders and management boards own a material portion of the shares. Therefore when we loose they loose more. If the founders selling at 70p whatever the reason, it's troubling
Good share for a quick trade, or at least it was! Poor results last week, expect broker down grades shortly. Staying away for now though.
Is selling shares.
This company generates £9m of profit
But
It pays it's executive suite more than £10m in salary benefits!
You just have to see their directors shareholding to see even they won't hold this stock. For instance their founder, think his names Zachary Has been dropping shares over the years. The CEO take a £1m salary with a 70% bonus and 175% share scheme yet only owns £300k worth of shares. That's confidence?
Sorry what were you saying about chatting sht?
I know this sector of business way better than most. This is bottom of the barrel of junk debt investment which just became worse than junk
Thanks Fredr, I’ll keep my fingers crossed! Strangely if you search here for arw - you’ll see 2 tickers, they look as if the same co, but one is a PLC. Is very weird as both have diff prices but similar fundamentals. Agree with the pre Covid prices, is a gamble but may pay off in the long run. .
This co. is a bit of a mystery really. The market obviously has doubts about it. Even the experts don't seem to know exactly what they are up to or if their future plans will pay off. I have just been day trading this for a few weeks now with a measure of success because the AT driven SP bounces around so much.( partly in tune with the overall market level) Last week SP topped 116p which is not far of your 124p. Now we are back to sub 100p. Although ARW bounced back from the ultra lows of 23 March, it has not really made any real upward progress and held it, unlike most of the market. Not quite sure why that is really? Certainly still a long way down from the pre Covid days. If it ever returned to those heights could be a handsome profit from these levels.
To stick or not to stick, that is the question. I bought ARW in error when having issue with my app, I didn’t notice the ticker was wrong until after I placed the order, I got in at 1.24 :(
In 10 years of dabbling, I am happy to report I’ve not yet lost on any stock and with healthy margin so I now have a sense of pride that makes me willing to ride this out. What are the chances of a 20% hike in the next 12 months?
Clearly you have no understanding of the company. Firstly majority of their portfolio is NPL, distressed store cards, auto loans etc. If people are sat at home not earning, they won't be able to repay. Secondly this company has up coming debt covenants. Their bonds are junk grade meaning the spreads are huge, therefore making refinancing very hard. Leave the thinking to people who work in this area. If i was wrong this stock would be flying, fact is it's a hugely leveraged company in the riskier realms of debt. Be ready to be shafted
IN THE KNOW: "Shareholder Friendly Activities" Seen From Arrow Global
Wed, 18th Dec 2019 14:53Alliance News
(Alliance News) - Shore Capital said Arrow Global Group's third-party capital commitments raise on Wednesday marks a "significant milestone" in the company's development.
Shares in the asset manager focused on loans and real estate were up 17% at 263.20 pence in London on Wednesday.
Stonking day. Congratulations guys. I looked at this one in detail before deciding to buy the debt.
Every comment I came across looked negative about the equity.
I thought there was good business in there, but for my own portfolio reasons decided I wanted fixed interest and thought I'd get the cap . apprecition from the bonds.
Decent, exciting business.
i bet he is not happy bonny today ,
256.60 GBX +31.80 (14.15%)
18 Dec, 11:58 GMT · Disclaimer
aimtitan, you have posted quite a bit of drivel there. Don't give an opinion when you are chatting rubbish, leave it as no opinion.
I worked there, supposedly to improve efficiency but their main call centre hub is in Glasgow and they are struggling with the workload and have had to pay an outsourcing company for help. So the work is there but rash decisions are made. They also have an office in Maidenhead, they'll be going next summer. Imo, the company were overhyped in 2016/2017 when the share price flew. That said, some of the negative press about borrowing and borrowing and not getting the same benefits of when books were purcahsed in the recession has been over hyped. Berenberg started it with a bit of a vendetta and people on this board are just going from that pretending to have a clue. As said, they were overhyped and Lee Rochford did a good job of saying the right things. The share proce is probably sitting at fair value but they are expanding abroad and are looking into deals / tie ups with other companies. One was done the other day, forget who it was with now. So this could rocket again but for me, even tho the negativity has been taken too far, it's high risk share due to the industry they trade in. FCA rules have made it more difficult to collect in the UK and f*ck knows what restrictions there are abroad.
....has stagnated a bit. They restructured last year closing their Farnborough office down and will be making more redundancies in June next year. Watching this one closely.
Someone thinks it’s a good investment! I’m holding
Additionally you only need to look at the ratings of their bonds which are secured against their portfolios, these are graded JUNK by S&P and moodys