Arrow Global Group (ARW)

Sector:

Financials

Index:

FTSE Small Cap

134.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 299.00
  • 52 Week Low: 60.80
  • Currency: UK Pounds
  • Shares Issued: 177.28m
  • Volume: 119,634
  • Market Cap: £237.91m
  • RiskGrade: 369

Arrow Global's nine-month profit falls; on track to deliver in-line FY earnings

By Andrew Schonberg

Date: Wednesday 09 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Arrow Global has turned in a nine-month pretax profit of £14.2m, from a year-earlier's profit of £25.9m, and said it is on track to deliver full-year earnings in-line with its forecasts.
"Arrow Global continues to expand its European footprint and client offering across attractive markets where the group is targeting leadership positions," said chief executive Tom Drury.

"This coupled with a high-quality and diversified investment portfolio, has enabled us to achieve another strong set of results," he said.

Total revenue from portfolios was £133.4m, from £110.8m. Total revenue was £164.4m, from £119.9m. Higher total other operating expenses and recurring finance costs were factors in the lower pre-tax profit.

Arrow also ponied up with an interim dividend of 2.7p a share, versus 1.7p in first-half 2015.

"Our portfolio purchases year-to-date, the good visibility on our pipeline and the continued strong performance of our enlarged asset management business, continue to lay the foundation for future earnings growth," said Drury.

This meant the company was on track to deliver "overall full-year earnings in line with our expectations."

At 15:30 GMT, shares in Arrow Global were down 1.98% to 297.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARW Market Data

Currency UK Pounds
Share Price 134.20p
Change Today 1.20p
% Change 0.90 %
52 Week High 299.00
52 Week Low 60.80
Volume 119,634
Shares Issued 177.28m
Market Cap £237.91m
RiskGrade 369

ARW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average
76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average
Price Trend
26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average
13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average
Growth
3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average
47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ARW Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 06-Jun-19
Paid 11-Oct-19 12-Jul-19
Amount 4.40p 8.70p

Trades for 26-Oct-2020

Time Volume / Share Price
13:09 14 @ 133.60p
13:06 147 @ 134.20p
13:06 152 @ 134.20p
12:56 3,912 @ 131.26p
12:54 386 @ 132.00p

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