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Working in the funding/loan sector and aware of this business, it has heavily borrowed from the market and paid premium for its junk portfolio books. What will make this business fall is the impending recession which will tighten consumer pockets. Arrows books are full of consumers who have defaulted even when the banks are throwing money at people at low interest. When inflation hits and markets tighten, arrow will suffer. You only need to look at the share price of debt services in 2008 to see they tanked. The only way here is down and the board know this otherwise they would be buying this up like kids in a sweet shop
SP500, thank you for sharing your point of view, I get what you're saying and I do agree with you but at some point fundamentals have to matter. I do think that the lack of demand you are referring to is actually partly a consequence of the shorting activity that has scared off some investors, leaving more room to the shorters to do their thing. I still don't see why this is still heavily shorted but I am no expert so all I'll do for now is stay invested, add occasionally, get my dividends and wait for the rerate.
i am with you there mate , the results look good and shorters at it again. WHY?
Supply and demand, nothing more...
Try and separate actual company performance and the stock market. The "illusion" is that they operate a certain way, but think about it, if they did, everyone would be getting rich the same way, therefore, it cannot operate the way we perceive it to, therefore, one must observe how the market works.
I am no expert, but I know what works for me.
GLA
what other factors exactly? Excellent updates and results time and time again, mgmt ultra positive in statements. Explain to me please?
Incorrect.
Why are shorters blamed time and time again when a stock doesn't do well?
The actual short interest on this has reduced somewhat over the year, taking this out of the top 5.
There are other factors at work.
I would be hopeful that the management release a statement given the price has dipped from 284 to under £2 in a week.
But we shall see...
shorters at it again...
C'mon this sell was ridiculously small, insignificant, and the reason for it was explained in the RNS.
I'm really surprised we're still trading so low after yet again a great set of results last week.
Surprised by the sell by the CIO. Has there been any news of the Dividend payment this year and whether this will be reduced or still paid? Doesn't look to have bottomed here
over reaction to the very small director sell. Onward and upward.
I struggle with Peel Hunt having Arrow Global at £2 PT and a sell rating. The management are altering course for Arrow, instead of using Proprietory capital they are attracting 3rd party capital and using their extensive expertise to invest. It is a fantastic strategic move for so many reasons - capital light, fund management style business and if they hit their target of £100bn funds at 20bps net margin this could be conseratively priced at £12 per share looking at FM peers - you could be even more bullish if you were to look at DFM of fund house ratings - £2 is nuts !!
Another firm reducing its short position. A firm trend established by the look of thinks.
Regardless- my decision to sell looks to have severely backfired. Especially as I put money into Saga at 42p. Ooooops.
Or on their investor relations website???? Are you sure Glowacki?
Not on any RNS I have seen? Where is this positive trading statement from the 6th? Not on HL or on here?
The price went up on ex dividend day because of a strong positive trading statement issued on same day
Nice rise as it went ex div. always think it’s strange when that happens. I guess it’s only like the sp going up by 4% though which is not inconceivable. Just makes you wonder. Who bought today when they could have bought yesterday for less and taken the div?
Anyway I took this as my opportunity to get out. The shorts have been weighing on me a little but what has really made my decision is the consistent difference between reported eps and underlying eps. I don’t think you should call things exceptional if they happen every year. Loads of companies do it but one which sticks in my mind is Carillion who I had a lucky escape with.
If the Ftse didn’t have so many “safe” juicy picks (BT, LGEN, Lloyds etc) then it would be worth the risk for the yield and p/e. Good luck all. I will keep on my watch list.
Director buy, 4975 @ 200p
I believe the shorts to be wrong about this company. I'm going to hold it long term now. GLA
Seems good to me.....
Do people really take notice of broker targets. Since when have they ever had a bearing on reality? And yet here we are 5% down because a broker has recommended to sell?? Very frustrating but will sit here and let the shorters pay the dividend out in June.
Shorttracker not showing any shorts closing since Friday (won’t include anything from today) so this is all rising without shorts closing. Either they know something we don’t and it will all come back down again or we have plenty more to rise when shorts do finally close.
Up nearly 5% again so far today. Burn shorters burn!
Looked like only 0.2% closed yesterday and we got a 3% uptick...
3% up again today.... Lets home off the back of another small short closing. I know its not as simple as this but to get 3% increase for every 0.2% short that closes could see us all retiring early :)
GLA
I agree - This is a very interesting time for this share. With 11.4% short, that is a huge amount to buy back in a thinly traded market. The short inspired research was misguided and recent results highlighted that this is a well run company producing excellent results on a low rating. I reckon the shorts have large buy back orders being worked by the brokers and there just isn't the stock available - A significant bear squeeze could be coming to Arrow Global soon and as more companies announce they are reducing their short position that should push the price higher and force more to close .....an so on !