IOMINVESTCOM
17 May 2018
Shore Capital Market T/P 4.55 Arrow Global Group: Shore Capital Markets reiterates buy with a target price of 455p.
frusset
17 May 2018
Re: Group of directors buys around 2.90 I have a few thoughts after a little research into ARW. I could be showing my ignorance to long term holders or anyone with specialist knowledge of NPLs.(+) The business is in a niche which could support growth for many years, as ARW are small and the supply of non-performing loans (NPLs) isn't likely to dry up.(+) QE and the 'hunt for yield' have been around for years without capital pouring into the NPL market and making it too hard for ARW to get good deals.(+) Buys by executives. I believe that executive or director buys are only a good indication when the buyers know what's going on, and are realistic about the risk and reward. There were buys at Conviviality shortly before bad news, which saw the share price drop 60%. Then the CEO bought, and the (new-ish) CFO bought £120k worth, then the company went bust very quickly. IMO the ARW execs who bought have plenty of experience which should help them to avoid highly over-optimistic buys. See [link] The Return On Equity has been strong, with a low of 16.09% for 2014, according to [link] Leverage below 8 since 2013 is probably reasonable for a financial stock.(-) In the results for the three months ended 31 March 2018, there's a big difference between the statutory loss and the positive "underlying income", mostly accounted for by refinancing costs associated with acquisition. (On ADVFN someone complains about the creative accounting getting worse.)(-) The market could get nervous about populist politics in Italy, and the effect on NPLs (though Greek populists got more moderate when they had power).I was going to include this
-) A strong economic recovery could see fewer NPLs, and more demand for them. It would affect ARW's opportunities, but would increase the market value of their NPLs.But, the little evidence I found suggests that a well-performing economy doesn't have much effect on the NPL rate. From [link] macroeconomic explanatory variables do not seem to have a significant impact on net NPLs in Italy. More specifically, I do not find robust evidence in favor of the ‘sovereign debt’ hypothesis. A high level of public debt does not seem to impact net NPLs when a measure of leveraging is included in the estimations. I interpret this result as evidence that the sovereign risk affects only leveraged banks." (Carlo Milani, Nov 2017). It could be different outside of Italy.
paul1945
17 May 2018
Re: Group of directors buys around 2.90 Only just looked at this share it looks ok to me i have just + 2000 @291.9 am i mad?
IOMINVESTCOM
17 May 2018
Group of directors buys around 2.90 Arrow Global Group PLC (the "Company"
Director/PDMR Shareholding - Notification of TransactionsThe Company announces that it was notified on 16 May 2018 that the following Directors and Persons Discharging Managerial Responsibility acquired a number of ordinary shares in the Company on 16 May 2018. The details of the transactions are set out below: Name Position Number Price Total number Percentage of shares per share of shares of issued purchased held following share capital purchase of the Company held following purchase Jonathan Bloomer Chairman 10,000 GBP2.90 40,896 0.023% ---------- --------- ---------- - ---------- - ---------- ------ ---------- ------ Director Lee Rochford and Group (a) (b) Chief Executive (d) Officer 34,575 GBP2.89 278,422 0.15% ---------- --------- ---------- - ---------- - ---------- ------ ---------- ------ Director and Group Chief Financial Paul Cooper Officer 34,800 GBP2.85 99,497 0.056% ---------- --------- ---------- - ---------- - ---------- ------ ---------- ------ Founder and Group Chief Investment Officer and Person Zach Lewy Discharging (a) (b) Managerial (c) (e) Responsibility 35,000 GBP2.83 2,750,642 1.56% ---------- --------- ---------- - ---------- - ---------- ------ ---------- ------ Non-Executive Andrew Fisher Director 10,000 GBP2.94 10,000 0.005% ---------- --------- ---------- - ---------- - ---------- ------ ---------- ------ (a) Includes shares held under the Company's Share Incentive Plan. (b) Includes awards under the Deferred Share Bonus Plan (c) Includes restricted share awards. (d) Excludes unvested LTIP awards of nil cost options. (e) Includes shares held by Persons Closely Associated. This announcement is made in accordance with Article 19.3 of the Market Abuse Regulation.
Jack_Walsh
16 May 2018
Berenberg... ..have a lot to answer for!Wildly opposing view to the other brokers; although, as we know, they are all a bunch of chancers!Down 10% to £2.84 at the time of writing.
IOMINVESTCOM
19 Feb 2018
Alexander Darwall has pared his stake Arrow GlobalCitywire AA-rated pan-European equity investor Alexander Darwall has pared his stake in listed debt collector Arrow Global (ARW) as its shares begin to weaken from a record high reached last year.Darwall reduced his holding in the business from 16% of shares to 15.7%. The stake of 27.6 million shares was worth £107 million at a share price of 388p last week when the disclosure was made. This is 16.6% lower than its high of 470p last August.His £1.9 billion Jupiter JGF European Growth is the largest owner of the stock, followed by colleague Steve Davies’ Jupiter UK Growth fund. Darwall also owns it via his Jupiter European Opportunities (JE) investment trust.Arrow specialises in purchasing defaulted debt from banks and utilities. The market has expanded in the last decade as regulation has encouraged big banks to offload potential liabilities. The company rapidly expanded into Europe last year, with around 50% of purchases made outside the UK. Numis this month lifted its guidance to buy on a price target of 537p. The shares closed on Friday at 360p, down 4p on the day.[link]
IOMINVESTCOM
21 Dec 2017
Re: Bubble Burst Eventually, turning round today after giving back 76.4% fib gains from highs of 4.80. Will be pleased to get above 4.08 mark.[link] Dec 17 Peel Hunt Buy 390.50 495.00 495.00 Reiterates10 Nov 17 JP Morgan Cazenove Overweight 390.50 500.00 500.00 Reiterates[link]
IAmShareCrazy
17 Nov 2017
Bubble Burst Debt levels rising but can people afford to even repay on an affordable payment plan?
IOMINVESTCOM
31 Aug 2017
Broker forecast Numis - 5.28 31 Aug 17 Peel Hunt Add 466.50 - 450.00 Downgrades31 Aug 17 Numis Buy 466.50 - 528.00 Reiterates[link]
IOMINVESTCOM
19 Jul 2017
Top sliced a few Decided wrongly or rightly to sell a few at 4.35 as getting quite weighted towards one holding.Continiue to hold on another account.Gain from April14 118% including dividend.Share price has reached now reached Goldmans 4.35 target with Jefferies remaining at 4.5803 Jul 17 Macquarie Outperform 434.25 360.00 360.00 Reiterates23 May 17 Goldman Sachs Neutral 434.25 425.00 435.00 Downgrades11 May 17 Shore Capital Buy 434.25 - - Retains03 Apr 17 Jefferies International Buy 434.25 384.00 458.00 Reiterates[link]
IOMINVESTCOM
10 May 2017
Cracking share price movement up 5.6% nm
IOMINVESTCOM
28 Apr 2017
Re: ARROW GLOBAL, Broker Upgrades....... [link] Jefferies new price targer of 4.58
IOMINVESTCOM
29 Mar 2017
Re: ARROW GLOBAL, Broker Upgrades....... 27 Mar 17 Peel Hunt Buy 344.63 400.00 400.00 Reiterates24 Mar 17 JP Morgan Cazenove Overweight 344.63 385.00 410.00 Reiterates23 Mar 17 Peel Hunt Buy 344.63 340.00 400.00 Reiterates22 Mar 17 Numis Buy 344.63 - 415.00 Reiterates22 Mar 17 Shore Capital Buy 344.63 - - Retains22 Mar 17 Jefferies International Buy 344.63 384.00 384.00 Reiterates
oldjoe1
24 Mar 2017
ARROW GLOBAL, Broker Upgrades....... Featured here yesterday, SP UPGRADE and breakout. Arrow Global Group ARW JP Morgan Cazenove Overweight 345.25 342.50 385.00 410.00 ReiteratesSP Target now 410p. <img src="[link] month chart......<img src="[link] 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 £mEBIT £102.42m £m £mDividend Yield 2.36% 3.39% 4.09%Dividend Cover 3.42x 2.83x 2.76xPER 12.36x 10.41x 8.87xPEG 0.38f 0.56f 0.51fNet Asset Value PS 0.09p p p
IOMINVESTCOM
22 Mar 2017
Re: JP Morgan revised target to 3.85 22 Mar 17 Jefferies International Buy 317.75 384.00 384.00 Reiterates22 Mar 17 Macquarie Outperform 317.75 350.00 360.00 Reiterates
