Updates

Arrow Globall - Bumper Q1 for debt buying

June 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Arrow’s Q1 statement finally injected some life into the shares. The keynote is that during the quarter Arrow went on another debt buying spree, spending £33.2m for debt with a face value of £246m, almost identical to last year's hugely successful Q1. The amount of debt was split into two-thirds paying and one third non-paying, with Arrow estimating it paid 33.5p and 6p in the pound for paying and non-paying assets, respectively. It typically hopes to collect at least twice what it has paid.Collections on Arrow’s loan portfolio grew by 16% to £31.8m during Q1 and helped by further reductions in the cost to collect, adjusted EBITDA grew by 18% to £22.3m. The data and analytical skills of Arrow ar ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Staffline - Transformational acquisition - eps forecast raised 45% for next year

Growth Portfolio - June '14

Arrow (December 2017)

Arrow (September 2017)

Arrow (October 2016)

Arrow Global (June 2015)

Arrow (April 2015)

Arrow Global - Strongly eps enhancing acquisition (October 2014)

Arrow Global (September 2014)

Arrow Global - RBS overhang gone (April 2014)

Arrow Global - Buys student loans from government (December 2013)

Arrow Global - The hallmark of a reliable performer (November 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X