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 Global soars on strong profit growth

By Duncan Ferris

Date: Thursday 08 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Arrow Global's shares shot up almost 20% on Thursday after the credit management services firm reported strong profit and core collection growth.
For the nine months ended 30 September, profit before tax grew by 28% year-on-year to £20.5m, while core collections were up 18% to £288.5m and assets under management rose by 23% to £51.5bn.

The third party asset management & servicing businesses income rose 25% to £63.3m and underlying last-12-month return on equity was 33.4% from 33.9% last year.

Cash and cash equivalents stood at £62.1m at 30 September, up from £35.9m at the same point last year.

Lee Rochford, group chief executive of Arrow Global, said: "I am delighted that our successful diversification of the business continues to bear fruit. Our investment business continues to thrive, with growing volumes and our highly disciplined approach generating resilient cashflows and unlevered returns ahead of our mid-teens target."

The London-listed company's investment business achieved record organic portfolio acquisitions of £200.1m, increasing from £155m last year, and remains on track to deliver £230m to £240m of portfolio purchases.

"In combination, our two operating segments are generating a strong increase in earnings and cashflow at very attractive returns and we remain confident in delivering our targets for the year," said Rochford.

Arrow Global's shares were up 17.09% at 233.00p at 1247 GMT.

Email this article to a friend

or share it with one of these popular networks:


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
77.62% above the market average77.62% above the market average77.62% above the market average77.62% above the market average77.62% 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
30.99% below the market average30.99% below the market average30.99% below the market average30.99% below the market average30.99% 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
42.68% above the market average42.68% above the market average42.68% above the market average42.68% above the market average42.68% 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
2.96% below the market average2.96% below the market average2.96% below the market average2.96% below the market average2.96% 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

Top of Page