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Nice to see it breached
To buy. Going in the right direction. Still have a £3 target here.
Looking good. Looking forward to the results on the 30th. Will give a further indication as to how the company is doing.
Nice to see
Ready for results
Not far off it’s low here. Hopefully results end month will clarify. Would love to see the shorters burned!
They are annoying indeed, but I personally have a long term view here anyway, actually bought some more today, ready for take off.
Blame the shorters. Once they leave, this will move fastly upwards..
No brainer, this is going upwards from here, strong prospects, interesting acquisitions, good trading update. This is now a Buy/Strong buy in my view and was already before the slump. I have averaged down several times since an untimely purchase at 350p and I sit now at an avg price of 260p. Very happy with that given all the Directors have bought en masse between 241p and 294p. aimo, gla
Just need the shorters to F off
Interesting purchase - and a trading update which is on target and growing
I had been waiting to purchase shares in this company for 2 years but thought I'd missed my opportunity. I am surprised by the way this company's shares have reacted of but also very pleased - The business is a risk business but have a great track record of producing solid returns - Always happy to see big director share adds esp CFO. My only nagging doubt is a global downturn and expectations through a protracted period of negativity but at present that looks like a tail risk rather than a base case.
Issue of Shares to EBT The Company announces that, following the admission of 4,000,000* ordinary shares of 1 pence each in the Company to trade on the Official List on the 17 February 2017, 996,719 ordinary shares were allotted on 15 June 2018 to the Trustee of the Arrow Global 2016 Employee Benefit Trust ("EBT") for the purpose of satisfying future vestings of awards granted under the Arrow Global Group Long-Term Incentive Plan. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company.
Not one for looking at FTSE companies as more interested in the speculative AIM companies, that said, this seems very undervalued, and driven down purely by shorts.
7% up today and looking good performance out of XD dip.
MIDAS SHARE TIPS: How Arrow Global which provides relief for debtors can help investors By Joanne Hart, Financial Mail on Sunday - May 26th 2018, 9:31:54 pm More than four million UK households have problem debts. A thriving market has developed centred on purchasing bad debts and trying to recoup more of the money than the banks can.
Any news re the collapse? I saw Berenberg advised Arrow Global as a sell but this is a huge collapse. All the other brokers are saying strong buy.
As usual, can't find any news or reason for price crash
Why has the SP collapsed?
Manchester based debt recovery specialist, has announced plans to enter with Irish market with a £15.5m acquisition of Mars Capital’s Irish mortgage servicing business. It has also announced a strategic partnership in the UK and Ireland with Oaktree Capital Management, a global asset manager with around $100bn assets under management. Underlying pre tax profit has grown 35.5 per cent to £25.8m and revenue grew 47.6 per cent to nearly £150m.
Featured here yesterday, SP UPGRADE and breakout. Arrow Global Group ARW JP Morgan Cazenove Overweight 345.25 342.50 385.00 410.00 Reiterates SP Target now 410p. http://uk.advfn.com/p.php?pid=legacydaily&epic=L^ARW&type=4&size=2&period=9&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES 6 month chart...... http://uk.advfn.com/p.php?pid=legacydaily&epic=L^ARW&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES <b><u>Company</b></u> Arrow Global is one of Europe's largest and fastest growing providers of debt purchase and receivables management solutions, with £8.6 billion assets under management, including £6.9 billion of purchased assets. Its data driven, compliance focused and customer-centric business model offers a tailored approach for creditors and customers alike. It uses its data capability to acquire portfolios underpinned by paying accounts, with the opportunity to convert non-paying accounts. Its intensive data analysis and account segmentation help to ensure that each customer is offered the most suitable solution for their individual circumstances. It has developed data analytical tools which provide an optimised understanding of individual customers' circumstances and helps it adhere to regulatory and compliance requirements, for which Arrow Global has an established track record. <b><u>INVESTMENT RATIOS</b></u> 2016 (A) 2017 (E) 2018 (E) EBITDA £111.07m £229.17m £m EBIT £102.42m £m £m Dividend Yield 2.36% 3.39% 4.09% Dividend Cover 3.42x 2.83x 2.76x PER 12.36x 10.41x 8.87x PEG 0.38f 0.56f 0.51f Net Asset Value PS 0.09p p p
I like the numbers and the business but Jonathan Bloomer had a lot of trouble at Prudential and the exceptional costs are significant and as they need to keep buying portfolios to keep the business moving calling them exceptional seems a bit optimistic. What does anyone else think
Yes we broke through the resistance around 252 at start of April. This 252 level now appears to be providing support before the possible next leg higher. Been range bound between 213 & 275 since listing in '13. Get the feeling we going to have another crack at all time high of 275 pretty soon. Once that is broken could Re rate to £3 initially. To top up or not to top up that is the question....
With Brokers forecasts well in excess of £3 a share, at first glance it's hard to understand why there is very little SP growth. Maybe it's because the recent expansion into Portugal gives investors cause for concern. However with debt portfolios snapped for 6.5% of face value and banks lining up to offload if they can replicate the same success as on the UK there's huge potential here
Any charters out there? Has this now got past a resistance level around 260-265p? Thank you