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Started: Scotland1, 1 Apr 2021 11:34
Last post: Scotland1, 1 Apr 2021 11:34
What do people think is the best option? I'm thinking of going for the cash but don't know enough to judge if it's worth sticking with.
Started: davey2, 26 Mar 2021 10:52
Last post: chris_g, 29 Mar 2021 16:17
Price just gone back up to 290. Maybe an RNS in the morning?
Still keeping an eye on this after selling as it remains my favourite COVID bounce-back share and will always have a warm place in my heart for the gains it delivered :) :)
Last time it drifted down from 295p to 270p before the offer got re-stated. Entirely predictable it’s happening again....
I think if it gets back to 270 again I’d be tempted to buy back in hope of a cheeky quick gain. If I was a holder who’d decided to remain in (TWICE) at 295p I would be holding in the expectation that the offer will very likely (but not certainly) be finalised soon. It’s the fact it’s not 100% certain that’s seeing the gradual drift down over time, but nothing to be unduly concerned about IMO.
Am hovering over the "Buy" button as inclined to have a punt for a quick 10% return but something doesn't feel quite right as would have expected this to be in the 290's not languishing around the 280p mark - clearly the market does not share my optimism that a deal will be done next week (or possibly later in April). Be an interesting week either way next week.
Started: thecyclone, 24 Mar 2021 16:26
Last post: thecyclone, 24 Mar 2021 16:26
if board minded to recommend acceptance of 307.5p, all that is left to discuss is severance packages for CEO and CFO plus share options vestings surely? Not a great time to be finalising Preliminary Announcement and agreed details of bid all at once. Short extension more than reasonable?
Started: TTNY2013, 22 Mar 2021 10:30
Last post: chris_g, 23 Mar 2021 08:24
Just had a closer look at the results and interestingly H2 operating profit was £51.6m compared to £56.8m in H2 2019, so not bad at all under the circumstances.
Only a shorter extension this time, so assume they are close.
Results looks reasonable. Encouraging performance in H2 and optimistic tone on the outlook suggests that the ERC writedown at H1 was a bit of a kitchen sinking exercise and there is a reasonable prospects of writebacks in the future. Strategic targets imply significant profit growth over the next 5 years, but we've all seen overly ambitious strategic targets in the past so some caution is warranted. The intended earlier resumption of dividends is a positive sign. I think that the 307.5p offer is a fair price under the circumstances, but I won't be distraught it it falls through as there may well be bigger returns available in the long term for a patient investor.
Has been extended again with new date of 1st April. So guess we will have to wait until then which can be extended again.
This has the feel of a combined announcement of the preliminary results and a recommended deal.
Tomorrow we will know if 307.5p all cash offer takes place. Not long to wait now.
Not totally sure but shareholders will get paid for the shares they own at the agreed sale price and company will no longer be on the exchange.
Hi guys this may sound new to this. May sound like a silly but here goes..
Hypothetically if we do get brought out for 307 would all shareholders get paid out and ARW will be delisted into a private company? Thanks in advance
Started: thecyclone, 8 Mar 2021 18:29
Last post: thecyclone, 8 Mar 2021 18:29
I think another bid will come in.
Started: davey2, 22 Feb 2021 19:04
Last post: newtrader7, 8 Mar 2021 16:30
Wouldn't worry I meant sorry.
Glad I bought more into arw when it dropped back 20% after the big climb...
I think either way this one will be good for continuing smaller climbs if its not sold..
Would worry about it archy. If you look into the company & what it's making you would expect to wait a few years for the tech to become common place.
The company I woke for also have their own version of this tech & it's being worked into future projects for the auto industry etc. So if it catches on its one for the years ahead & nothing here & now just yet.
* after I’d sold out of ARW I mean.
Hey guys, congratulations .... another chance to sell up at 295p if you regretted not doing so last time :)
Ps, while I’m here, I need to apologise for the CPX recommendation I posted on this board after I sold out myself . I foolishly believed the hype posted by the CPX ramping brigade, including a well-followed Twitter trader who was pumping hard when the price was at 12p, said the price would be at 20p in a matter of weeks and he was raising his target to 30p. Current price: 8p and falling.
You live and learn!
So a deadline extension and a slightly improved proposal up by 2.5p per share that is likely to be recommended. Well the Board and advisers have to demonstrate they are adding value I suppose, but 2.5p is hardly worth the effort. Another 2 weeks to see whether they can reach agreement. It feels like this might happen now.
Started: TTNY2013, 27 Feb 2021 10:27
Last post: TTNY2013, 27 Feb 2021 10:27
As you say does make one wonder what 9th March will reveal.
1) if approved 305p coming. Over 10% discount today.
2) another higher bid arrives and announced. SP higher than 305p
3) offer rejected the all cash 305p offer because they feel company valued much higher and want to realise that potential. This could also result in more interest going forward.
Personally I think current SP provides good upside potential in all future scenarios. Before this happened my own personal target was 400p to 500p based on future prospects in the next 1 to 2 years.
Started: davey2, 24 Feb 2021 08:21
Last post: Iluvise68, 24 Feb 2021 10:13
I agree that £305 is a low ball offer, given that this is a recovery share with upside potential.
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.....
Started: Archy147, 8 Feb 2021 13:54
Last post: Archy147, 9 Feb 2021 12:08
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.
Started: Archy147, 8 Feb 2021 08:57
Last post: Archy147, 8 Feb 2021 08:57
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 :)
Started: GrowthmanPO, 8 Feb 2021 08:35
Last post: GrowthmanPO, 8 Feb 2021 08:35
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?
Started: davey2, 5 Feb 2021 12:02
Last post: TTNY2013, 8 Feb 2021 08:28
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.......
Started: hobione, 28 Jan 2021 10:14
Last post: hobione, 28 Jan 2021 10:14
Why else appoint a joint broker?
Started: stevmn23, 22 Jan 2021 18:54
Last post: stevmn23, 22 Jan 2021 18:54
Somebody is making a big commitment- what do they know that we don’t, or are they just taking a massive punt ??
Started: davey2, 21 Jan 2021 14:14
Last post: davey2, 21 Jan 2021 14:14
Starting to gain some attention and traction - unfortunately the £214k buy was not mine!!
Started: davey2, 21 Jan 2021 08:03
Last post: Archy147, 21 Jan 2021 08:46
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
Started: davey2, 19 Jan 2021 12:18
Last post: TTNY2013, 20 Jan 2021 21:21
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!!
Started: davey2, 30 Nov 2020 09:18
Last post: martindjzz, 30 Nov 2020 17:52
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
Started: davey2, 19 Nov 2020 21:13
Last post: davey2, 19 Nov 2020 21:13
Started: davey2, 15 Nov 2020 07:41
Last post: davey2, 15 Nov 2020 07:41
Shore predicts Arrow Global re-rating
There is ‘significant’ re-rating potential at credit management services provider Arrow Global (ARW), according to Shore Capital.
Analyst Gary Greenwood retained his ‘buy’ recommendation on the shares, which rose 4.3% to 156.6p yesterday.
He said over the medium term, profit would be driven by the ‘capital-light businesses which we think should help to drive a significant improvement in the quality of earnings’.
‘This transformation should drive earnings multiple expansion, in our view, with the current 2022 price/earnings multiple of 6x still far too low,’ said Greenwood.
‘We see fair value at 190p – 26% upside – but view this as being conservatively struck and with material upside potential
Started: davey2, 13 Nov 2020 08:35
Last post: davey2, 13 Nov 2020 08:35
Interesting background to the fund. Clearly a lot of interest from institutional investors https://www.globenewswire.com/news-release/2020/11/13/2126238/0/en/Eaton-Partners-Acts-as-Exclusive-Placement-Agent-for-Arrow-Global.html
Started: TTNY2013, 12 Nov 2020 07:22
Last post: TTNY2013, 12 Nov 2020 19:08
I was basing that on a 5 year spectrum. If you look at them with 10bn under management by 2025 with good returns . Well over double of that today. That's why I came up with that figure. Think before collapse 250 to 300p beginning of the year was fair value.
Based on the massively positive language used in the update I tend to agree with your positive outlook but £5 is seriously speculative. Given the likely macro economic environment across the whole of Europe the cash in has to be negatively impacted, balanced maybe, by more opportunities. 200 to 250.
An excellent set of Q3 results. Expect this to go up from hear to 200p and over.
1) Return to profitability.
2) Funds under management will double to over 10 billion by 2025.
3) Excellent returns.
4) by 2025 leverage down from 4 to 3.
5) very attractive investment opportunities due to current situation
6) investor and fund management seminar at 2pm today
If we look at historical share price and these facts going forward if delivered believe SP will be 500p plus in future.
Started: whitleywarrior, 12 Nov 2020 07:37
Last post: Archy147, 12 Nov 2020 10:23
Outstanding resukts, well played Arrow!
Good to see they are still bullish about future opportunities too. Won't be long before we're back ahead of the pre-covid price.
To me these look like a very good set of results at a most difficult time for the country as a whole. Nearly all the performance indicators are moving in the right direction and confidence in the future looks great. I didn't see a mention of a return of the dividend which although not huge would be a good signal. Hoping for a continued rise in the share price.