Arena Events Share Discussion Threads

[interceptor2] 11/2/2020 08:16

Joined you with an initial position after these improved results

[qs99] 11/2/2020 07:53

Decent EBITDA number....and underlying OP...as you say, should start re-rating as they recover credibility etc...DYOR

[lord gnome] 11/2/2020 07:27

Today's update reads well and is full of positives. Looks to be well on the road to recovery.

[qs99] 21/1/2020 18:50

Welcome aboard! Rising share price hopefully is a decent sign!

[turbocharge] 21/1/2020 14:20

Hopefully this has some way to go, I bought some time ago, and getting close to break-even now for me. You might find this snippet I posted earlier interesting:

"Arena Events Plc. Arena's offerings include specialist temporary physical structures, seating, ice rinks, furniture and interiors, mostly for sporting, cultural and corporate events of a Tier 1 nature. The company focuses on creating long-term, multi-year contracts with clients (for example it has had a relationship with Wimbledon for 50 years and the Ryder Cup for 20 years) and therefore large proportion, recurring revenues are attractive. Operating in a highly fragmented marketplace, with competition tending to be sector/region-specific, and Arena's strategy is one of consolidation, organically or via bolt-on acquisition, both geographically and by product. We believe this strategy to be a sensible one as the consequential breadth and depth of service it can offer, coupled with an experienced management team and strong heritage, should position them to grow ahead of the market, enhance margins and improve asset utilisation."

[qs99] 17/1/2020 09:23

moving along again nicely

[qs99] 11/1/2020 11:31

Has it been tipped, or is this just a reaction to the stake building?

[turbocharge] 10/1/2020 16:15

More of the same and buyers coming in now...

[turbocharge] 09/1/2020 15:08

The uptick continues

[turbocharge] 06/1/2020 15:18

Some large buys today, totalling around 12 million. Changing hands between funds maybe...

[qs99] 23/12/2019 16:20

yup am in for the recovery. Other recovery play at mo is BILB....not without their risks....DYOR

[turbocharge] 23/12/2019 12:13

Up 10.7% so far on continued buys....

[baddeal] 15/11/2019 16:37

2% arrangement fee and 5% payable after 6monthsThat's expensive debt. Hope the margin on the contracts is good!

[thinkmoney] 11/11/2019 12:52

They can't get any cash from their bank to fund this hence they've gone to shareholders.

Last chance saloon I think..............

[peter27] 11/11/2019 10:00

I hope there is a decent profit margin as that has been the problem in the past.

[turbocharge] 11/11/2019 09:40

"....reflects the Group's positive performance in winning new contracts which together with the, already secured, multi-million pound contracts for the US Ryder Cup and the Seating and Structures contracts for Tokyo Olympics, sets the Group up for a strong 2020."

[turbocharge] 11/11/2019 09:38

New contracts and short-term finance facility
11 November 2019

Arena Events Group plc, the integrated event solutions business, announces that it has recently been awarded a number of new contracts across its US, UK and MEA divisions. These projects are due for delivery in the first half of 2020 and will require upfront investment in both equipment and additional working capital.

The Company is therefore pleased to have agreed terms with its major shareholder, Lombard Odier Investment Management ("LOIM") for a new short-term financing facility of GBP2.0 million ("New Finance Facility") to support the delivery of these contracts. The board of Arena (the "Board") considers that the New Finance Facility is the most beneficial form of short-term working capital finance for shareholders, given it will not result in equity dilution.

Arena has entered into an agreement, dated 8 November 2019, with LOIM in regard to the New Finance Facility. The terms of the facility state that GBP2 million will be available for drawdown, repayable 6 months from inception, with a 2% arrangement fee and an additional 5% premium on the drawn funds. The New Finance Facility is subordinated to the Company's existing facilities with HSBC UK plc ("HSBC").

LOIM is classified as a "substantial shareholder", and is considered a "related party" under the AIM Rules and, therefore, entering into the New Finance Facility is deemed to constitute a related party transaction for the purposes of AIM Rule 13. The Board have consulted with Cenkos Securities plc, the Company's nominated adviser, and consider that the terms of the New Finance Facility are fair and reasonable insofar as the Company's shareholders are concerned.

Ken Hanna, Arena's Chairman, commented:

"The Board is pleased with the continued support of LOIM and this new facility demonstrates their confidence in the Company going forward. Our business is, at times, capital intensive and the need for additional finance reflects the Group's positive performance in winning new contracts which together with the, already secured, multi-million pound contracts for the US Ryder Cup and the Seating and Structures contracts for Tokyo Olympics, sets the Group up for a strong 2020."

[researchmonkey] 11/10/2019 10:51

I tell you what - it�s brown trousers time in Japan. The worlds largest tent that Arena have put up will want to turn it self into a sail in the wind and the rain. Temporary structures and extreme weather of rain and snow and sun are a problem - they leak in rain, snow loading is a massive worry and you need to spend lots on AC if it�s hot. But wind ! Wind - is super dangerous. Arena have tiny margins as we have seen revenue is up but profit is down. You need things like weather to be inside otherwise your costs rocket and all the profit goes out of the window. The CEO will be onsite and will be throwing up with fear.

[researchmonkey] 11/10/2019 10:51

I tell you what - it�s brown trousers time in Japan. The worlds largest tent that Arena have put up will want to turn it self into a sail in the wind and the rain. Temporary structures and extreme weather of rain and snow and sun are a problem - they leak in rain, snow loading is a massive worry and you need to spend lots on AC if it�s hot. But wind ! Wind - is super dangerous. Arena have tiny margins as we have seen revenue is up but profit is down. You need things like weather to be inside otherwise your costs rocket and all the profit goes out of the window. The CEO will be onsite and will be throwing up with fear.

[turbocharge] 03/10/2019 21:39

Alliance News, 3 October, 2019

Arena Events Group PLC on Thursday said Gresham House Asset Management Ltd on Thursday disposed of its entire 10% stake in the company.

--------------------------------

That might explain the drop in the share price over recent months. Hopefully a rversal might be on the cards now.... ?

[turbocharge] 01/10/2019 14:25

TR-1: Standard form for notification of major holdings
RNS Number: 366, 01 October 2019

Lombard Odier Asset Management (Europe) Limited crossed threshold

Position prior to notification: 17.70%
Position after notification: 25.10%

[nocton] 01/10/2019 09:00

Anyone have any idea about the massive sells going though yesterday - over 20 million shares at 17p? yet today the price rises on a few buys to 19p.

[turbocharge] 20/9/2019 10:55

ARENA INSTALLS JAPAN'S LARGEST TEMPORARY HOSPITALITY STRUCTURE

Arena Events Group plc (AIM: ARE), is pleased to announce that it has completed the installation of the largest single temporary hospitality structure ever installed in Japan, in partnership with Omni International in Yokohama Japan, for a rugby tournament starting this month.

The 3,800 square-meter facility, located at Shin Yokohama, adjacent to the Nissan Stadium will host guests for all seven matches at the Nissan Stadium.

This is the second time that Arena has worked at the world's biggest rugby tournament after successful delivery in the UK in 2015. Arena was a key supplier in delivering multiple temporary structures for hospitality and back of house areas, as well as media facilities.

Sports Travel & Hospitality Japan (STHJ) was awarded the contract as sole provider of hospitality for the tournament in Japan in 2019 and will be offering a unique guest experience, combining traditional western hospitality with Japanese Omotenashi, the philosophy of Japanese hospitality. Arena has worked with STH Group on a number of high-profile sporting events.

Paul Berger, CEO for Arena Middle East & Asia, said: "We are honoured to be involved in the first ever Rugby World Cup in Asia. It's been a pleasure to work with the team at STH Japan to deliver this extraordinary facility that is sure to provide a memorable experience for guests."

Martyn Lee, Head of Operations, STH Japan K K, said: "The Webb Ellis Pavilion and Suites is our flagship temporary structure and it has been a pleasure to have worked with Arena who, with their local partners Omni International, have delivered an amazing structure. We are confident the facility will exceed the expectations of both our domestic and international clients and guests, at this hugely exciting time for Japan to host the third largest sporting even in the world."

Arena will return to Japan next year for the Summer Olympic Games to install temporary seating for the Beach Volleyball Stadium as well as numerous hospitality facilities.