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I agree that £305 is a low ball offer, given that this is a recovery share with upside potential.
Has a formal offer actually been made? there has been no more news since the announcement of a potential final bid.
Regardless of whether the 305 offer matrialises, got to be worth a punt at these prices. May just be a play to drive down the price to make the 305 offer seem more attractive. We will find out very shortly.....
If it drops further I'm tempted to put a bit more into this. Bought into this during the drop last march & can only see positive things even without the sale etc.
Surprised to see this drop back to 275. Anyone else tempted to buy back in for a quick 10.5% win once (or if......) the offer gets rubber stamped? I am almost tempted but not quite - if it drops to sub 268p will have a small flutter on the basis that even if the deal doesn't proceed, ARW are still well positioned to make the most of the current market.
Thank you kindly for the response Bedone. I've take an look but you're right RMM is not really my thing; miners are just way too volatile for my liking.
Howver, I'm going to return the favour to you, and anyone else reading, as I have a tip of my own to give today. It's a share that has mult-bagging potentrial that could put ARW to shame!! That share is Cap-XX Limited (CPX), which in an RNS this morning announced:
“The Board is also pleased to announce that CAP-XX is now an approved supplier to a global smart phone manufacturer and separately has commenced the formal process to become an accredited supplier to a global Automotive Tier 1 Component Supplier”
This share already had massive potential (by way of example, they are currently suing Tesla for copyright infringement) but today's announcement is a masive game changer. Trading at just 13p and HUGE upside potential from here. :)
I still hold a fairly large amount here but have also gone heavily into RMM. Maybe not your thing but a good entry price currently with considerable upside potential. Worth looking in to if not already aware of it. Some excellent posts on the chat board from djryan777 and Cornishnocker will give a good insight without looking too far.
Gents, after selling up this morning, I now have a chunky pile of cash sitting in my portfolio, waiting to be invested somewhere.
Clearly anyone invested here must be pretty smart to have picked this gem out, especially when its a company thats under the radar of most investors. So, clever folks, would any of you be able to offer any tips for any other undervalued companies I could look at moving my cash into?
Cheers in advance
Given this is there 4th offer from TDR Capita (supposedly their best & final), I would not be surprised to see another other from a 3rd party which will mix things up a bit and get TDR to get the deal over the line on the 5th attempt - not their 4th.....Arrow are perfectly positioned in the market and have made it clear they are for sale so expect a few other interested parties to be looking at them in the coming days/weeks.
I’m writing this as I say a fond farewell to my investments in Arrow Global Group
Originally bought in at 80p, this has been probably the best share I’ve ever owned. It’s been with a certain sadness that I’ve sold out today.
The reason? Well at c295p this share has reached my goal of matching the pre-pandemic price from February last year and the profits I was sitting on became too great not to take.
I still think this s a fabulous company to invest in and the sp will probably break 300p at some point soon. But a profits a profit and it was time to take mine. I will buy back again if we see a significant dip. Good luck all those still here :)
Its seems the company has been offered 305p per share . one of the directors has agreed this. I still think it undervalues the company...any thoughts?
All cash share offer announced today at 305p. There could be others tabled in next few days if others were to materialize.
Given that we know from the trade press that lenders are actively engaged in talks with the government about outsourcing the recovery of billions of pounds worth of loans under the bounce back loan scheme to debt specialist companies it is only a matter of time before the Government announces that an agreement has been made as they will be keen to get it off their books at the first available opportunity......company and personal debt is not going away any time soon. Booming market for ARW - just hasn't been acknowledged by the market yet. 23rd March will be key. Enjoy the ride.......
Why else appoint a joint broker?
Somebody is making a big commitment- what do they know that we don’t, or are they just taking a massive punt ??
Starting to gain some attention and traction - unfortunately the £214k buy was not mine!!
Another fantastic set of results - Well dome Arrow!
This is the best performing share in my portfolio and still it has excellent prospects for future growth. Brilliant investment :)
Arrow Global Group PLC
ARW
214.00 GBX
+24.00 (12.63%)
Strong statement today - trading ahead of management expectations in Q4 2020 and plans to restore dividend in 2021. Confidence is building in the market
Davey2
Agree. Will be interesting to see results tomorrow.
If good could propel us past 200p and on way to 300p.
If bad and needs a few more quarters to filter through could drop to 160p levels.
Be interesting to see what the cash collection numbers look like on Thursday as well as what progress has been made with their target of over €10bn funds under management by the end of 2025. Given they secured a record number of debt servicing contracts in 2020, key will be what what progress they are able to demonstrate around working with the banks and UK Finance on the initial round of bounce back loan collections. Market is certainly tipped in their favour - just a case of whether or not it is reflected in their figures on the 21st or if it is going to take another couple of quarters to work its way through. Either way, good luck all - could be a bumpy ride!!
What a joke of an RNS after hours. On 25th June 2017 ARW shares were priced at £4.00 and by 25th June 2020 the management team had presided over a fall to £0.91 ie amongst the worst performing shares in the FTSE 350. We are now told that the TSR measure for new Director and Management stock options merely requires that ARW matches the median of the FTSE 350. If that was not bad enough, they are using £0.91 as the starting point for the calculation compared to the more usual today’s price that happens to be £1.73. The remuneration committee are either patsies or bigger mugs than the shareholders are being taken for.
I thought so as well, but the price keeps falling.
Interesting RNS out today - bodes well for 2021
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/934402