Arena Events Investors - ARE

Arena Events Investors - ARE

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Arena Events Group Plc ARE London Ordinary Share GB00BF0HYJ24 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.90 5.62% 16.90 16:35:09
Open Price Low Price High Price Close Price Previous Close
16.00 16.00 16.50 16.90 16.00
more quote information »
Industry Sector

Top Investor Posts

lord gnome: Somebody dumping larger amounts today. Current Coronavirus panic must be affecting Arena's business as events are postponed or cancelled. Even if the reality isn't half as bad as the share price would suggest, it will struggle until normality is restored. Only a very brave investor with deep pockets will call bottom on this one.
thinkmoney: There is no strategy and the senior team have no clue what they are doing and haven't done for sometime. They've made a lot of "exaggerations" to get themselves onto AIM, got investor's money which probably saved the business in the first place. Then they have exaggerated potential growth and earnings because they have no strategy and have no idea how to get themselves out of this mess. There is a lot going on and even though revenue is up due to acquisitions from the prior year, they are losing some customers which have been with them for many years, and they are losing both customer and supplier confidence. All new management team in the UK who don't have a clue about the market they are operating in. They are also running out of cash again and this time will not get any cash from investors. The only way out is to sell or break the business up again. The latter would probably generate more cash.
turbocharge: This was an assessment by one institutional investor who bought into ARE at the beginning of the year: "Arena Events Plc. Arena's offerings include specialist temporary physical structures, seating, ice rinks, furniture and interiors, mostly for sporting, cultural and corporate events of a Tier 1 nature. The company focuses on creating long-term, multi-year contracts with clients (for example it has had a relationship with Wimbledon for 50 years and the Ryder Cup for 20 years) and therefore large proportion, recurring revenues are attractive. Operating in a highly fragmented marketplace, with competition tending to be sector/region-specific, and Arena's strategy is one of consolidation, organically or via bolt-on acquisition, both geographically and by product. We believe this strategy to be a sensible one as the consequential breadth and depth of service it can offer, coupled with an experienced management team and strong heritage, should position them to grow ahead of the market, enhance margins and improve asset utilisation."
nocton: Yes, I was thinking that too. I think a lot of AIM/small-cap shares are heavily over-sold due to Brexit and Woodford problems and anxieties. As it looks increasingly as if Boris will sort out Brexit and get us out by 31/10, despite the machinations of the Remainers, that should lead to a recovery - which is perhaps already starting. Some of these massive sells may turn out to be buys- shifting between investors as TurboCharge suggests. It is not normal with a small-cap share like this for buys and sells to be at the same price, especially when there have been over 5m shares sold in one day.
turbocharge: Possibly shares shifting from one institutional investor to another....?
researchmonkey: One more thing. We will see in the next few days the paperwork showing that many of the institutional investors have pulled out I would think. Some of the SELL trades have been for massive volumes which surely must have been funds who have now said “Time to get off the bus.”
dround87: I hope so. I think after last years fun and games investors wanted to see Arena addressing their overtrading problem and it seems as if they have done just that. Now it's the classic waiting game to see if they can turn a profit! Margins are tight but if management can get their operational issues and integrations under control we should see that happen in the next set of results. It could be a turning point for for this battered and bruised share!
oshy92: Morning. Short TV clip on Arena:
dplewis1: Eloquent as always..Seems that others disagree. A very positive detailed write up in this months publication. Probably not one for those chasing a 10 bagger but definitely a solid addition to a sensible investors pf
damanko: From today's Racing Post (23/06/2011): Racecourse owner Arena Leisure could be sold By Tom Kerr 9:06AM 23 JUN 2011 MAJOR racecourse operator Arena Leisure could be put up for sale, with Northern Racing's owners the Reuben brothers among the potential suitors. Arena own seven tracks including Windsor, Lingfield and Doncaster. The potential sale has prompted speculation the Reuben brothers could seek to expand their racecourse holdings with a bid for Arena. The billionaire property investors already own close to 30 per cent of the business after raising their stake last year. Arena confirmed on Thursday they are reviewing the possible sale of the company as part of their drive to increase value for its shareholders. It is understood a sale was recommended to Arena by their business advisers, Investec. However, one significant obstacle to any potential sale could be racehorse owner Trevor Hemmings, who owns 41.5 per cent of Arena. A spokesman told the Times that while Hemmings was not opposed to the sale, any potential bid would have to match his valuation of thebusiness, placed at between 60p and 70p a share. Shares in Arena Leisure were up 4.25p to 36.50p as of 9.00am on Thursday morning.
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