Arena Events Share Discussion Threads

[dround87] 15/2/2019 10:07

It wishes! No me and QS are on the NMCN bb. That's been a cracking share.

[researchmonkey] 15/2/2019 10:00

Yes NMCN is the mirror image of Arena. The question is will it drop that 2pc today, Monday or Tuesday? Still waiting for the announcement of a new UK and Europe CEO to operationally lead what is a complex hands on construction business. It strikes me as a classic small firm IPO syndrome - rather than continuing to concentrate on running the business they spend their day refreshing their screens to check the stock price.

[dround87] 15/2/2019 09:29

Team NMCN!

[dround87] 15/2/2019 09:12

Ha! That's a good one. 2pc until my stop is hit and I'll be out. Then what's the opposite?

[qs99] 15/2/2019 09:01

continues to look v sick. Will bad news be on the way? I like the company, just not how it is run! DYOR

[researchmonkey] 15/2/2019 08:47

Sharenfreude
Pleasure derived from seeing a stock plummet after you’ve sold it.

[researchmonkey] 13/2/2019 15:31

As they already said the second half of the year was chaos. I think they spent a fortune making good their Ryder Cup commitments and other one off jobs. The warm Winter weather possibly meant that their ice rink business was more cost intensive than usual and generated less profit. I see that their have been a number of buys today, lumps of stock, which are holding up the price. I think the operational failings of the UK and Europe business in the latter part of the year indicate poor governance. And they are yet to announce a replacement UK and Europe CEO so they are heading for the peak season without any hands on leadership in place. Losing half their value in a morning is unforgivable and who knows what’s next for them.

[dplewis1] 13/2/2019 15:06

They had 6.5m at end of H1, then raised £20m in September. Have made several acquisitions so you'd have to tot all them up to get your rough estimate.

[laptop15] 13/2/2019 13:32

How much cash do we think they have?

[laptop15] 13/2/2019 13:31

What news flow is due guys?

[dplewis1] 12/2/2019 17:22

I think it's far from a dead duck. CEO is solid and has addressed the issues. The recent acquisitions look promising and it's a global business with some very good events on its books. Not without it's risks so I'd agree with SCSW's 'speculative buy' assessment.

[researchmonkey] 12/2/2019 17:15

Yes, it looks that way. Do you think this stock will get back any of the losses or is it a dead duck?

[dplewis1] 12/2/2019 11:51

Panic over re: Cheltenham by the looks of it.

[dround87] 07/2/2019 18:30

I guess if they've already halved are you prepared for them to half again or worse go bust? It could happen. I'm in low but operating with a tight stop on this one.

[dplewis1] 07/2/2019 18:11

From reading the back of the standard just now it sounds like it's contained to one stable and that they've spotted it early. It's highly contagious but even so, it's 5 weeks to the festival which is a long time to get it under control. Last time it was cancelled was 2001 with foot and mouth and this doesn't seem anywhere near as serious. Will certainly be watching with interest.

[researchmonkey] 07/2/2019 17:07

What does everyone think? Arena have certainly had a run of bad luck, the big fine from the US government, whatever operational issues occurred which caused the share price to basically half and now maybe this. Holding on to the shares in the hope they would bounce back quickly felt like a plan. I am less convinced now. Any thoughts?

[researchmonkey] 07/2/2019 16:19

Turbo, That’s an informative you tube article from the Racing Post. Betfair Paddy Power, Ladbrokes Coral and other bookies down by about 2%. Just been announced that over 100 yards in lockdown.

[dplewis1] 07/2/2019 16:17

Racing to resume Feb 13th at the earliest.

[researchmonkey] 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.

[lord gnome] 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.

[dplewis1] 07/2/2019 10:31

The Irish won't allow them to cancel Chelt.. They'll get them on equine lemsip if required!