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ARE Arena Events Group Plc

20.75
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Arena Events Group Plc ARE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 20.75 01:00:00
Open Price Low Price High Price Close Price Previous Close
20.75 20.75
more quote information »

Arena Events ARE Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 04/2/2022 22:05 by praipus
Weiss Asset Management increase ARE holding again now 10.62%
Posted at 20/10/2021 11:21 by researchmonkey
No. They are buying 100% of the shares
Posted at 20/10/2021 08:54 by researchmonkey
All of this company is now owned by Saudi Arabia - is the answer to my earlier question. 21p - that’s some discount from its peak. I see they are letting the CEO - Greg Lawless go - I think that’s a good shout as he had come unstuck a long time before Covid.
Posted at 12/10/2021 10:53 by researchmonkey
Arena haven’t updated their Twitter or posted since pre pandemic. I find that a little concerning. It’s symptomatic of a company that has lost its way. Communication to customers is key and Twitter is a part of that. It feels and looks like they are defeated.
Posted at 17/8/2021 07:34 by burtond1
Game, Set and Match for @Arena_UKEU "The #ARE price hasn't moved much in 2021, despite the capacity to pick up prestigious new contracts, such as the award last month of a multi-million pound deal to deliver one of the venue clusters @birminghamcg22 "https://total-market-solutions.com/2021/08/arena-events-group-plc/
Posted at 21/7/2021 10:02 by paleje
An expensive facility disposed of and as of a couple of days ago 27m cash in bank.

Vaccine Passports are coming whether some like it or not, to open and keep open large gatherings of any sort, already happening other countries France in particular. We have French friend says in spite of the protests around 12m French citizens have agreed to the jabs since Macron got tough.

Our market cap 50m looks low, with 27m cash the market is attributing only 23m to the company's other assets, this will re-rate at some point, possibly quite quickly when it starts
Posted at 07/7/2021 07:31 by paleje
Not a bad result in the circumstances and current year, which we're already a quarter into, looking good all being well.

...We are cautiously optimistic about the pace of recovery in the live events industry, which has started later than we would have liked as COVID-19 restrictions have returned in some countries and remained in place in others longer than anticipated. Nevertheless, vaccine rollout is going well in all our major markets and therefore, we expect FY22 to be a transitional year for the Group.
Posted at 14/5/2021 14:47 by paleje
Not only that Dodger, but the US is opening faster than we are and the Aztec Shaffer sporting events portfolio will be getting back on its feet before the end of summer unless there is some catastrophic derailment of the Biden pandemic recovery efforts. Yesterday they announced:-

The United States CDC=Center Desease Control Prevention announced that two weeks after vaccination, no need to wear masks indoors and outside except in public transportation.

Stadia will be re-opening, golf and other outdoor sporting events. News should start to flow and that will kick start the share price (again).
Posted at 11/11/2019 09:38 by turbocharge
New contracts and short-term finance facility
11 November 2019

Arena Events Group plc, the integrated event solutions business, announces that it has recently been awarded a number of new contracts across its US, UK and MEA divisions. These projects are due for delivery in the first half of 2020 and will require upfront investment in both equipment and additional working capital.

The Company is therefore pleased to have agreed terms with its major shareholder, Lombard Odier Investment Management ("LOIM") for a new short-term financing facility of GBP2.0 million ("New Finance Facility") to support the delivery of these contracts. The board of Arena (the "Board") considers that the New Finance Facility is the most beneficial form of short-term working capital finance for shareholders, given it will not result in equity dilution.

Arena has entered into an agreement, dated 8 November 2019, with LOIM in regard to the New Finance Facility. The terms of the facility state that GBP2 million will be available for drawdown, repayable 6 months from inception, with a 2% arrangement fee and an additional 5% premium on the drawn funds. The New Finance Facility is subordinated to the Company's existing facilities with HSBC UK plc ("HSBC").

LOIM is classified as a "substantial shareholder", and is considered a "related party" under the AIM Rules and, therefore, entering into the New Finance Facility is deemed to constitute a related party transaction for the purposes of AIM Rule 13. The Board have consulted with Cenkos Securities plc, the Company's nominated adviser, and consider that the terms of the New Finance Facility are fair and reasonable insofar as the Company's shareholders are concerned.

Ken Hanna, Arena's Chairman, commented:

"The Board is pleased with the continued support of LOIM and this new facility demonstrates their confidence in the Company going forward. Our business is, at times, capital intensive and the need for additional finance reflects the Group's positive performance in winning new contracts which together with the, already secured, multi-million pound contracts for the US Ryder Cup and the Seating and Structures contracts for Tokyo Olympics, sets the Group up for a strong 2020."
Posted at 20/9/2019 10:55 by turbocharge
ARENA INSTALLS JAPAN'S LARGEST TEMPORARY HOSPITALITY STRUCTURE

Arena Events Group plc (AIM: ARE), is pleased to announce that it has completed the installation of the largest single temporary hospitality structure ever installed in Japan, in partnership with Omni International in Yokohama Japan, for a rugby tournament starting this month.

The 3,800 square-meter facility, located at Shin Yokohama, adjacent to the Nissan Stadium will host guests for all seven matches at the Nissan Stadium.

This is the second time that Arena has worked at the world's biggest rugby tournament after successful delivery in the UK in 2015. Arena was a key supplier in delivering multiple temporary structures for hospitality and back of house areas, as well as media facilities.

Sports Travel & Hospitality Japan (STHJ) was awarded the contract as sole provider of hospitality for the tournament in Japan in 2019 and will be offering a unique guest experience, combining traditional western hospitality with Japanese Omotenashi, the philosophy of Japanese hospitality. Arena has worked with STH Group on a number of high-profile sporting events.

Paul Berger, CEO for Arena Middle East & Asia, said: "We are honoured to be involved in the first ever Rugby World Cup in Asia. It's been a pleasure to work with the team at STH Japan to deliver this extraordinary facility that is sure to provide a memorable experience for guests."

Martyn Lee, Head of Operations, STH Japan K K, said: "The Webb Ellis Pavilion and Suites is our flagship temporary structure and it has been a pleasure to have worked with Arena who, with their local partners Omni International, have delivered an amazing structure. We are confident the facility will exceed the expectations of both our domestic and international clients and guests, at this hugely exciting time for Japan to host the third largest sporting even in the world."

Arena will return to Japan next year for the Summer Olympic Games to install temporary seating for the Beach Volleyball Stadium as well as numerous hospitality facilities.

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