Arrow Global Group (ARW)

Sector:

Financials

Index:

FTSE Small Cap

134.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 299.00p
  • 52 Week Low: 60.80p
  • Currency: UK Pounds
  • Shares Issued: 177.28m
  • Volume: 101,790
  • Market Cap: £237.91m
  • RiskGrade: 369

Arrow Global revenues rise as core collections improve

By Iain Gilbert

Date: Thursday 10 May 2018

LONDON (ShareCast) - (Sharecast News) - Debt purchaser Arrow Global made saw revenues grow throughout the first quarter of its trading year as a result of an increase in core collections and a 19.9% increase in asset management income.
Arrow's revenue expanded 19.6% to £77.1m for the three months leading to 31 March, thanks largely to the capital-light asset management revenues boost to £18.9m.

Core collections improved 11.6% to £86.0m as Arrow's overall collections performance remained strong at 103% of original underwriting forecasts, demonstrating its "track record of prudent investment and portfolio servicing expertise".

Underlying profit after tax of £11.4m was up 10.3% year-on-year and earnings per share of 6.5p were 10.2% higher.

The group noted that after the integration of Parr Credit, its Italian asset, the structural backdrop for future growth remained attractive.

Chief executive Lee Rochford said, "The power of our differentiated model has meant that we have had another strong start to the year. Our sophisticated approach to capital investment and asset management, underpinned by our strong institutional client relationships and unique servicing capabilities, has meant that we have continued to purchase high volumes of portfolios at our required returns while maintaining the growth of our capital-light asset management revenues."

"I remain confident that we are favourably positioned to capitalise on future opportunities and we remain on track to deliver our financial targets for the year," Rochford added.

As of 0930 BST, Arrow shares had declined 3.78% to 356.50p.

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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 299.00p
52 Week Low 60.80p
Volume 101,790
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
12:32 2,467 @ 134.20p
11:50 5 @ 135.60p
11:49 2,178 @ 134.20p
11:47 10 @ 135.60p
11:45 1,189 @ 135.00p

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