Arena Events Share Discussion Threads

[quepassa] 24/9/2020 08:01

So many events/exhibitions/concerts/sports which had been prepping for the Autumn/Winter post-lockdown easing and re-opening, have now been cancelled again. Feel sorry for Arena. It was meant to get better for the industry but seems to have done quite the contrary. This must be increasingly difficult for industry participants. Good Luck All. ALL IMO. DYOR. QP

[chrisan101] 10/9/2020 11:16

It's awake...

[escapetohome] 28/7/2020 07:37

Yup , news of development of safe and efficient vaccine would give a boost to this share. Could recover strongly on that. Ive monitored this share for some months, without dipping a toe.

[quepassa] 28/7/2020 07:33

Anyone who supported the March 10p Placing has now lost some 40-45% of their capital. Seems to me that, with the new spike in corona cases in various parts of the world, the shutters will remain firmly closed on mass gatherings of closely packed crowds for some time to come. ALL IMO. DYOR. QP

[rumobejo] 10/7/2020 15:07

won't be surprised if another directory buy being filled around 6.5p last filled 800,000 at 6.5p early on the week

[rumobejo] 10/7/2020 13:55

heard concerts, sporting events and gathering coming back to live end of July gonna be busy August and September given most won't be travelling. aye aye ARE

[euclid5] 08/7/2020 12:11

Without doubt, the COVID-19 pandemic has had, and will continue to have, an impact across all aspects of society and for an event business such as Arena, the impact has been devastating. From the middle of March 2020, our traditional business all but stopped and we expect performance to be severely impacted for the rest of this financial year. Group net debt (excluding the impact of IFRS16) was £35.6m an increase of £8.6m over the balance at the end of December 2018. These projects have delivered revenues of over £24m after the period end, in April and May, but with anticipated event revenue losses of over £110m up to the end of 2020, this represents an anticipated net loss of revenues of £86m, which is a seismic change for the Group, as a whole, this year. As a result of this very uncertain environment we are therefore unable to give any specific guidance on how the pandemic will impact trading to the end of March next year, other than to say the impact will be very significant. Https://www.investegate.co.uk/arena-events-group--are-/rns/audited-results/202007030700059281R/

[nw99] 08/7/2020 08:09

Agreed very much so

[replicas1967] 08/7/2020 07:44

Shows clear signals none the less 👍

[quepassa] 08/7/2020 07:29

£52,000 - not huge. ALL IMO. DYOR. QP

[nw99] 08/7/2020 07:09

Huge director buy

[qs99] 06/7/2020 11:11

Likewise have posted before and have worked in events and sporting events thanks kakabhinda. Have you?

[quepassa] 06/7/2020 08:35

. a mere £21,000 . not much of a vote of confidence

[nw99] 06/7/2020 08:10

Seller cleared dir buys buy

[nocton] 03/7/2020 13:36

Nothing unexpected in the RNS and lots of buying, incl. a director, as well as selling. I think there is plenty of upside potential as Europe and East Asia recover from Covid-19

[sbb1x] 03/7/2020 12:18

Been watching this for a while.

[kakabhinda] 03/7/2020 11:31

Lol, so called gurus coming out of the cracks to comment on this share in hindsight and big themselves up, lol! Maybe they are trying to force people to sell so they can get engineer a pump and dump scenario...

[qs99] 03/7/2020 11:06

as I've said before, this is not a share to own, until mass sporting events are clear to happen...DYOR

[tomboyb] 03/7/2020 10:36

No idea what ARE is worth - But this sector is dead 2020 - www.proactiveinvestors.co.uk/companies/news/923380/arena-events-sees-seismic-change-from-lost-revenue-amid-events-cancellations-923380.html Arena Events sees seismic change from lost revenue amid events cancellations Revenue losses up to December, 2020, expected to be over £110mln, are barely offset by the £24mln made in April and May

[jayminpatel1] 03/7/2020 10:20

Twitter tried to pump this dog

[tomboyb] 03/7/2020 10:04

yep - Earliest is 2021 - thats true for retail as well although the leisure sector will be hit even harder - bleak -

[dplewis1] 03/7/2020 09:04

This was getting ramped by a lot of the dimmest people on twitter. It was a bad investment before covid.. margins awful and too many geographically dispersed companies with poor leadership. It's an even worse investment now..

[quepassa] 03/7/2020 09:00

Anyone who supported the March 10p placing has already lost 40-50% of their capital. Wow, this COVID related outlook statement is as bleak as any which I have seen:- "The COVID-19 pandemic has taken all the positives away from the solid performance of the Group for the period to the end of March 2020. Our focus over the last few months has been to implement as many measures as possible to lengthen the cash runway for the Group and to ensure that as much of the fabric of the Group is retained in order to kick start the business, as quickly and efficiently as possible, as soon as the restrictions on mass gatherings at events have been fully lifted. As a result of this very uncertain environment we are therefore unable to give any specific guidance on how the pandemic will impact trading to the end of March next year, other than to say the impact will be very significant." The question I ask myself is whether Arena can survive as furlough schemes and other government supports are throttled back. In my opinion only, this share will fall a lot further Good Luck All. ALL IMO. DYOR. QP