devonplay
28 Feb 2019
Arrow Global Group PLC Preliminary results for the twelve months ended 31 December 2018 up 8.12% on these results. DL
devonplay
28 Feb 2019
Arrow Global Group PLC Preliminary results for the twelve months ended 31 December 2018 [link] DL
devonplay
30 Nov 2018
Anyone Watching this? I actually bought a little bit of its debt last month. Small amount of money. It’s more an exercise in learning about the debt market than actually creating a portfolio. That will come further down the line once I have a feel for it. I much prefer this approach than jumping in with 2 feet. I’ll probably pick up some Amigos next eeek after looking through my downloads this morning. Actually, I like the debt of debt if you get my drift. It’s actually quite a simple business model. It’s appealing as you no longer need to buy tranches of £100,000 or £200,000. Hopefully by the time this developing retail invest asset becomes mainstream, I’ll have my boats in line and maybe a little rough seas experience. DL
IAmShareCrazy
30 Nov 2018
Anyone Watching this? Arrow Globals Altman Z Score has moved to the safe zone. I wouldn’t open a new position now or if I was buying which I won’t is to wait until it goes up above a rising 200 day moving average.
IAmShareCrazy
30 Nov 2018
Anyone Watching this? It might well be but I don’t like the look of the chart. I have a short on AA though. Sub 29p target.
devonplay
30 Nov 2018
Anyone Watching this? Up 8% since first discussing this @IAmShareCrazy still think it’s a short? I’m looking over AMGO.L this morning. Under 1% shorts. Debt again. I bought some AA recently, 7% short position.Debt again. DL
devonplay
23 Nov 2018
Anyone Watching this? Arrow Global (ARW) 205p Proportion of stock on loan to short-sellers: 11.5% THE BEAR CASE Debt purchaser Arrow Global has been widely criticised by investors for having accounts that can’t be trusted due to the large gap between actual earnings and what the company calls ‘underlying’ earnings. These exclude the cost of refinancing its significant debt, which is an intrinsic part of its business, and give a misleading picture of the risks and returns of owning the business. THE BULL CASE The bulls, which includes many analysts, argue that Arrow’s business is low risk and high return with strong cash generation and potential for sizeable dividend payments in future years. Its position in niche debt markets means it can continue to earn a premium return. Meanwhile its asset management business provides growth and earnings stability. CHANCES OF SHARE PRICE RECOVERY OVER THE NEXT 12 MONTHS: MEDIUM At 200p Arrow Global currently trades on just five times consensus 2019 earnings and offers a prospective dividend yield of over 7%, so there is no doubt that Arrow Global is optically cheap. With the majority of analysts rating the shares a ‘buy’ and a consensus price target of 270p, you can see why this stock may interest investors with an appetite for higher risk, barring an issue with the accounts. (IC) Shares Magazine.
devonplay
31 Oct 2018
Anyone Watching this? “and de-leveraging as we realise the full benefit†That could be difficult for the 5.125% due 2024
IAmShareCrazy
31 Oct 2018
Anyone Watching this? Seriously only buy into strong companies! I would be buying any company in this turbulent market, yet.
devonplay
31 Oct 2018
Anyone Watching this? That late August release was bullish. [link] Actually its the debt I’ve been looking at, not the equity.
IAmShareCrazy
31 Oct 2018
Anyone Watching this? I wouldn’t worry about what a company says as a lot is spin. Look at the chart and if financials improve. This company is a bankruptcy risk - Altman Z score. Debt to Mcap not good etc
devonplay
31 Oct 2018
Anyone Watching this? I’ve just been reading a pile of their stuff. Got to the point of checking short tracker. [link] 10.33% that’s up from 9.30% in just over 10 days. That’s an hours work probably wasted! I should have started there. Still, I’m going to keep the file I’ve created for the moment. DL
IAmShareCrazy
31 Oct 2018
Anyone Watching this? Yes I am watching this to short sell. It has very shakey financials.
devonplay
31 Oct 2018
Anyone Watching this? Hi, I’ve got pile of stuff to read on this one. Any one still watching it/posting? I guess I might be making a small investment in the near future. DL
IOMINVESTCOM
27 May 2018
MIDAS SHARE TIPS UPDATE MIDAS SHARE TIPS: How Arrow Global which provides relief for debtors can help investorsArrow Global is a specialist in purchasing bad debtsThe firm tries to recoup more of the money than the banks can for clientsAt 278½p, Arrow shares are a bargain and the dividend is attractive tooMore than four million UK households have amassed debts that they are either unwilling or unable to pay.This has created a long-term headache for banks, sitting on more than £800 billion of so-called non-performing loans – money they assume they will never recoup. The banks are under pressure from regulators to do something about it.Selling the loans at a substantial discount is one possible solution. The banks take a one-off hit but they can at least move on unencumbered by past mistakes. A thriving market has developed centred on purchasing bad debts and trying to recoup more of the money than the banks can.Arrow Global is a specialist in this field. The shares are 278½p and deserve to be considerably higher, as the company has a track record of success, allied with a sensitive approach to vulnerable people it deals with daily.Arrow buys packages of non-performing loans from banks in the UK and continental Europe – at an average price of 10p in the pound. In many cases, banks have lost track of their errant customers but Arrow has developed ways of finding these debtors and assessing their circumstances. The company then works with defaulters who are able to repay their debts, devising long-term plans, often over many years. The process can be difficult but once a plan is in place it can bring considerable relief to investors.Arrow also works with charities and organisations such as Citizens Advice to make sure high standards are maintained. More players have entered the market so pricing has become competitive, but Arrow has developed strong relationships with leading banks so it is frequently offered packages of loans before any of its rivals.Having acquired these bunches of bad debts, chief executive Lee Rochford’s main task is to ensure that, if the company pays 10p in the pound for the loans, it recoups more than that from debtors. The firm has consistently managed to do this, outperforming expectations along the way.Arrow floated in 2013 at 205p. Since then it has started working in Belgium, Holland, Ireland, Italy and Portugal too and two-thirds of group profits now come from continental Europe. This creates considerable opportunities, particularly in Italy, where the bad debt problem is immense.Arrow is also involved in restructuring property debts, ranging from unpaid mortgages to large unpaid commercial loans. Arrow’s 2017 results showed a 35 per cent increase in revenues to £319 million and a 30 per cent rise in profits to £70.3 million. This year, revenues of £331 million are forecast, with profits of almost £81 million and a dividend of 12.7p, putting the stock on a yield of more than 4.5 per cent.But the shares have fallen from a high of 470p last summer, hit by concerns about rising competition. Arrow was also targeted by a hedge fund late last year, which alleged the business was over-reliant on cheap funding.Rochford rebuts these claims completely, saying the business is stronger than ever. First quarter figures showed good progress and several directors bought shares afterwards, including Rochford.Analysts are largely supportive too, suggesting Arrow stock is worth more than 450p and that long-term prospects are robust. Midas verdict: Acquiring bad debts and creating practical repayment plans can be a complex task, requiring a network of banking relationships, financial acumen and empathy with debtors. Arrow believes it ticks all three boxes and recent results are encouraging. At 278½p, the shares are a bargain and the dividend is attractive too.Traded on: Main Market Ticker: ARW Contact: arrowglobal.net or 0800 130 0169[link]
