Arrow Global Group (ARW)

Sector:

Financials

Index:

FTSE Small Cap

125.40p
   
  • Change Today:
      1.20p
  • 52 Week High: 299.00
  • 52 Week Low: 60.80
  • Currency: UK Pounds
  • Shares Issued: 177.28m
  • Volume: 81,993
  • Market Cap: £222.31m
  • RiskGrade: 369

Arrow aims to expand international portfolio, bounces back from 2016 Q3 loss

By Iain Gilbert

Date: Thursday 09 Nov 2017

LONDON (ShareCast) - (ShareCast News) - UK-based debt collector Arrow Global grew profits in the nine months leading to 30 September, bouncing back from a one-off loss suffered in its third trading quarter of 2016, despite increased costs associated with the recovery of loans.
Arrow, which buys default loans from banks and other creditors, posted £15.2m in profit before tax in its third quarter, marking a significant turnaround from the £6.3m loss it had reported over the same period a year earlier.

Profits for the full nine-month period were up 41% on 2016's figures to £20.1m, but revenues of £231.6m took a massive hit as Arrow saw a 71% increase in "collection activity costs", such as credit bureau data and legal expenses, which jumped from £51.5m to £88.5m.

While Arrow had historically held the majority of its portfolio within the UK, it spent much of the preceding year expanding into Italy, Portugal, the Netherlands and Ireland, with 50% of its newly purchased debt coming outside of Britain.

The company, whose growth strategy depends on governments and regulators leaning on banks to move bad loans off to secondary collections firms, said on Thursday that its future was "attractive" after gaining support from recent European Central Bank guidance on accelerated provisioning.

As of 1100 GMT, shares had dropped 3.64% to 424.00p.

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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 125.40p
Change Today 1.20p
% Change 0.97 %
52 Week High 299.00
52 Week Low 60.80
Volume 81,993
Shares Issued 177.28m
Market Cap £222.31m
RiskGrade 369

ARW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.81% above the market average76.81% above the market average76.81% above the market average76.81% above the market average76.81% above the market average
75.18% above the sector average75.18% above the sector average75.18% above the sector average75.18% above the sector average75.18% above the sector average
Price Trend
39.45% below the market average39.45% below the market average39.45% below the market average39.45% below the market average39.45% below the market average
27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average
Income
42.06% above the market average42.06% above the market average42.06% above the market average42.06% above the market average42.06% above the market average
6.33% above the sector average6.33% above the sector average6.33% above the sector average6.33% above the sector average6.33% above the sector average
Growth
2.77% below the market average2.77% below the market average2.77% below the market average2.77% below the market average2.77% below the market average
44.26% below the sector average44.26% below the sector average44.26% below the sector average44.26% below the sector average44.26% 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 29-Oct-2020

Time Volume / Share Price
16:35 15,906 @ 125.40p
16:29 39 @ 128.00p
16:29 40 @ 128.00p
16:29 26 @ 128.00p
16:29 21 @ 127.80p

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