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ARE Arena Events Group Plc

20.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arena Events Group Plc LSE:ARE London Ordinary Share GB00BF0HYJ24 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Arena Events Share Discussion Threads

Showing 2851 to 2875 of 3450 messages
Chat Pages: Latest  126  125  124  123  122  121  120  119  118  117  116  115  Older
DateSubjectAuthorDiscuss
07/1/2010
09:17
OK a few of their fixtures have been cancelled - but they have been granted more fixtures as a result of the turf cancellations.
25babies
06/1/2010
22:21
Must be something else - all weather racing in these conditions !
blackcrowes
06/1/2010
09:39
Snow always good for Arena shares.
25babies
16/9/2009
14:55
This stock is very disapointing.
No dividend
No Rubens
Heading South again!!

whatlarks
16/9/2009
08:09
Yeah I can afford to hang on just getting a little restless, will hang in there for the timebeing
pelleeds1980
16/9/2009
08:08
Guess the reason for holding could be the fact 2 large shareholders own around 60% of company, hope is that one will bid at some stage.
gizzimodo
15/9/2009
14:35
Getting pretty bored here, anyone still following this??
pelleeds1980
26/8/2009
06:59
I was referring to the price, bought in after the big RNS was hoping to see a bit of a profit by now!
pelleeds1980
25/8/2009
19:28
While I am here, Angel you sweety, Good company, yes. single mind on profit and long term SH value, yes but what is there to make it break 30p at the mo, not a lot?
ffp
25/8/2009
19:26
Evening, there is life on the thread, better performance at what? share price or results??
ffp
25/8/2009
18:35
Anyone paying attention to this? Was expecting a much better performance over the past few weeks
pelleeds1980
05/8/2009
10:16
It needs to break that 30p 'triple top' resistance and then away she wil go IMHO.
angel of the north
05/8/2009
10:08
unfortunately it didnt stay north very long

oh well

pmeldrum
05/8/2009
07:27
Northwards this morning
pmeldrum
04/8/2009
17:02
I see the Reuben Bros have ended their exclusivity period with Premier for a pre-pack; if they are finished there, the cash earmarked for it may find another home.
man overbored
04/8/2009
16:40
Heading for a 'double top' and then breakout??
angel of the north
28/7/2009
12:02
Looks like the seller has now exited the building, about time too! Silly drop considering the news was so good!
devonlad
24/7/2009
07:50
Has yesterday's seller finished? Will we start to head up again?

Any more downward movement will begin to make a nonsense of the developments here ... but then we are dealing with shares ...

c0nn0r
23/7/2009
11:36
Good find Liam, the major issue with ARE was that they were due to repay £10m in October being the first part of the debt repayment. The money is now in the bank so there are no serious questions regarding the companies ability to fund it's debt. In short, the risk has now been removed from the business and the progressive management has a host of expanding initiatives that it can now undertake.

The last financial statement also makes good reading, a really progressive company expanding aggresively with quality high in their minds. They know that the actual horse racing owners are important, the quality of the races they hold and the facilities for the punters. Bringing the catering in house is a good thing, hopefully they can offer cross selling for events and promotions. Going to the nags is also becoming more and more popular. I was at Newbury last weekend and the hotel (nery nice 4 star) was full of rich elderly types that had just come down for the races. Course was also very busy! Good industry to be in imho!

devonlad
23/7/2009
11:21
Thanks for that Liam. Very encouraging.
c0nn0r
23/7/2009
11:14
Good find liam and cheers for posting
pelleeds1980
23/7/2009
11:11
Broker report, kindly provided by Neil Hume at the FT.

Altium view: Yesterday afternoon Arena announced a new media rights contract with
Satellite Information Services (SIS) for the provision of coverage of horse racing
content from all of its seven racecourses. The new agreement will replace the current
contract with BAGS at its expiry on 31 December 2011 and will run for five years to 31
December 2016. Very significantly, the board of ARE estimate that the revenues
receivable by the company will total £106m over the contract term, almost twice the
£55m that the current deal is estimated to deliver. This is a truly excellent deal in our
view and reflects the quality of Arena's product. Upfront payments are an added
attraction; ARE will receive £12.5m immediately, a further £12.5m next July and £7m
in July 2011. Combined these payments total £32m, very materially reduce group
indebtedness, and in so doing remove any concerns with respect to next year's debt
repayment. Furthermore it will significantly enhance the ability of the company to raise
funding to exploit its planned estate development projects.

Implications for estimates / valuation / recommendation: Table 1 above details
our revised estimates; whilst there is only a 5 month benefit from the first payment in
the current financial year, by FY3 we see PBT enhancement of at least 22.5%. From
FY2012E onwards we expect the annual boost to profits to be £10m. Given this very
significant announcement and the subsequent boost to the quantum and quality of
earnings we upgrade our target price to 50p (30p).

liam1om
23/7/2009
10:30
Bit more action might be a slow burner this one
pelleeds1980
23/7/2009
09:26
Seller early on that kept the price down, looks like they have finished as the mm's are happy to tick up!
devonlad
23/7/2009
08:27
Anyone done any calculations / guesstimates as to what this should mean for earnings and hence share price???
c0nn0r
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