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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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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