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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 0.0% 17.00 16.50 17.50 17.00 16.325 17.00 417,908 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 183.2 -23.0 -15.0 - 55

Arena Events Share Discussion Threads

Showing 3126 to 3147 of 3450 messages
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DateSubjectAuthorDiscuss
07/2/2019
14:57
hxxps://arenagroup.com/news/triple-deck-structure-arena-group-cheltenham-festival/
researchmonkey
07/2/2019
14:41
hxxps://arenagroup.com/news/4999/ It’s a significant piece of work which will take several weeks to build. Betting firms share prices have taken a hit as a direct result of Equine Flu. I have not seen any indication of when the Equine Flue epidemic is likely to be over. Animal insurers will not cover the movement of race horses until a period of all clear. It’s a concern.
researchmonkey
07/2/2019
11:04
I think that's where the problems lie, Turbo. They have been growing rapidly, taking on new contracts requiring capex investment in additional kit and as yet there has been no return through to the bottom line. The balance sheet does not look strong to my untrained eye and is a bit of a mess. Did I hear someone say fundraising? Hopefully (?) a more disciplined approach this year will see the new contracts and new assets start to generate real cash profits. I am tempted - but I think I'll wait and see.
lord gnome
07/2/2019
10:31
The Irish won't allow them to cancel Chelt.. They'll get them on equine lemsip if required!
dplewis1
07/2/2019
10:09
The news today that all horse racing has been cancelled because of Horse Flu is a a major concern. One of the foundation contracts of Arena is with the jockey club to supply tents, seating and bars for horse racing events. Cancellation of the Cheltenham Festival in the coming week would, I think, have a dramatic effect on the profitability.
researchmonkey
06/2/2019
23:55
Is this comment, at the bottom of the IC article, making any valid points we should be worried about? "You state that Cenkos has reduced its previous 'cash profit' estimate of £14m to £12.3m. I think you are referring to the mythical adjusted EBITDA and not real cash. The 'real' free cash flow for this business looks truly horrid given the necessity to continually invest fast sums of capital expenditure on potentially short life structures. To illustrate: 2017 Op cash flow £3.3m, capex £6.5m 2018 Op cash flow forecast £8.2m, capex £10.5m. Free cash flow doesn't cover the proposed dividend. The business model looks flawed and no surprise the original AIM listing struggled to get away."
turbocharge
06/2/2019
18:34
I would read the IC article linked below. Summary is that Arena overtraded. They committed to more work than they could actually complete and so got themselves in a bit of trouble. That's the cause of the recent drop. They have all kinds of contracts in the pipeline and they're growing the business in the middle east and US. On face value of what's in the pipeline they're set to grow significantly. Invest based on your own opinion of whether they can hack it. It's a classic high risk/high return scenario. Personally I'm in with a very modest stake of 1% of my portfolio at 37p. If they show progress and manage their workload properly it should be a lucrative. The IC give it a high risk value buy rating which I think is correct based on the above. They say the drop has been overdone. I don't agree. Overtrading is a big deal which can permenantly harm a company's reputation. In this game you're working with a relatively small number of customers. Failure to deliver on a contract can easily impact the next. If they make a balls up of any of their high profile contracts like the 2019 Rugby World Cup or the 2020 Olympics that's a coffin the way I see it. The price is justified until further notice. I will buy more on the way up or stop myself out with minimal losses.
dround87
06/2/2019
14:01
Just started looking at this company, any more thoughts from knowledgeable people?
turbocharge
25/1/2019
18:25
The article hit the main IC publication today. I've been here watching for some movement before buying but definitely looking cheap.
dround87
21/1/2019
11:53
Blackrock behind that cluster of large sells last week then. No way of knowing if they're done but I do know some buys reporting as sells, it was happening last week too. Edit - out of interest this was the tail end of the the ST article:- In my opinion, a forward PE ratio of 8 for 2019 doesn’t reflect the realistic chance of Arena delivering EPS growth well north of 25 per cent again in 2019, nor the fact that it has just secured contracts for the 2019 Rugby World Cup and the 2020 Olympics. I would also flag up that Arena has never lost a major contract either, thus de-risking its sales forecasts. This is more a case of the directors addressing the overtrading issues in the UK, which they believe they have done. Importantly, there are no financial issues for shareholders to be concerned about. Cenkos is pencilling a closing net debt of £20.5m for 2018, and a small reduction in borrowing to £19.9m by the end of 2020 after factoring in the board declaring dividends per share of 2p in 2018, rising to 2.5p in 2019. So, with cash profits now expected to rise from £12.3m in 2018 to £15.6m in 2019, the closing net debt to cash profit multiple should fall from 1.66 times in 2018 to 1.27 times in 2019, hardly exacting given that Arena’s operating cash flow in 2018 is expected to cover the interest bill almost 10 times over. Furthermore, chief executive Greg Lawless owns 6.7m shares, or 4.43 per cent of the issued share capital, so there is an added incentive for the board to maintain a progressive dividend policy. So, having taken the reasons for the earnings downgrade into full consideration, and considered the stability of the contracts underpinning Arena’s 2019 revenue stream and beyond, I feel the share price mark down this morning is overdone and once the dusts settles investors will realise that too. Recovery buy
paleje
17/1/2019
22:26
I read that ST report, hew, he makes some valid points. 30% drop seems overdone. https://www.investorschronicle.co.uk/comment/2019/01/17/arena-overtrading-creates-buying-opportunity/
paleje
17/1/2019
14:54
Made a decent turn on these after the drop last Spring and I'm expecting it again after today's fall. Agree with Simon Thompson in his view: "recovery potential on a forward PE ratio of 8 and offering a prospective dividend yield of 6.2 per cent".
hew
17/1/2019
10:02
SCSW strikes again.
kemche
10/10/2018
10:07
Morning. Short TV clip on Arena: www.fmp-tv.co.uk/company/arena-events-group-investors-news-and-videos/
oshy92
01/10/2018
19:12
Because for every buy there is a sell - so you can't draw that conclusion. What matters is are buyers willing to buy at higher levels or sellers willing to sell lower - that's what moves price
davr0s
01/10/2018
13:59
Nothing but buys. What's up?
dround87
19/9/2018
21:52
So long as they can convert their expansion into profit it looks great and it looks very much like that's the way the winds are blowing. This is a good time to get in.
dround87
29/8/2018
12:33
Wow - this looks like a chunky contract. No RNS. I was watching anyway so took an initial position. hxxps://www.marketscreener.com/news/Arena-Events-Americas-Secures-7-Year-Seating-and-Bleacher-Contract-with-the-PGA-of-America--27173091/
melody9999
15/8/2018
07:36
Good - they've reissued it for London hours.
dplewis1
14/8/2018
21:12
It's an odd time to RNS. Slips under the radar.
typo56
14/8/2018
20:19
Indeed. That's the key question
pireric
14/8/2018
19:57
I get bogged down in all the EBITDA, EBIT and adjustments. Where's the profit? It may be earnings enhancing but it will increase the shares in issue by over 28%. Is it EPS enhancing?
typo56
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