Arena Events Share Discussion Threads

[quepassa] 01/5/2020 14:31

At 7p mid, already 30% beneath the recent March Placing price of 10p.

Not surprising.

Big sporting events and concerts rely on vast crowds of people in close proximity....

..the new normal will be social-distancing which makes many such events totally unfeasible..

ALL IMO. DYOR.
QP

[qs99] 30/3/2020 15:30

Not a bad deal at all given where share price was. All depends on things returning to "normal", if not, these new shareholders will buy the company much cheaper IMO!

[runningmatters] 25/3/2020 19:47

Share jump despite the cancellation of the olympics is possibly down to the field hospitals being built. Looking at media coverage it is events companies that are doing these installations at ExCel in London for example.

[qs99] 25/3/2020 16:26

Maybe at a decent premium give share price rise?

[qs99] 25/3/2020 16:03

wonder how much of a premium someone is willing to pay to get into the company?

[quepassa] 25/3/2020 14:59

hXXps://arenagroup.com/emergency-relief-crisis-capabilities/


all imo. dyor.
qp

[nquaile875] 16/3/2020 17:23

With you on this QuePassa, (and a very apt username in the current climate!!) So many red flags here I do think this is the end of this company, imho! Glad I got out at 63p, and even that was a fairly hefty loss!

[baddeal] 06/3/2020 11:00

Agreed dp. Suspect there will be significant cancellations and can't see them surviving from here

[lord gnome] 05/3/2020 10:43

Somebody still dumping large amounts and every dump knocks a MM off the bid.

[dplewis1] 04/3/2020 15:13

There's a real risk CV could be the end of this company..margins are v skinny and people are cancelling events several months into the future, not just near term.

[lord gnome] 04/3/2020 15:09

Somebody dumping larger amounts today. Current Coronavirus panic must be affecting Arena's business as events are postponed or cancelled. Even if the reality isn't half as bad as the share price would suggest, it will struggle until normality is restored. Only a very brave investor with deep pockets will call bottom on this one.

[lord gnome] 14/2/2020 09:12

It's a small cap company. 68% of shares are held by institutions and another 5-6% held by directors. Assuming the II aren't selling (no action since last September, and then they were buying not selling) the effective free float is tiny. Any trades will have an exaggerated impact on the share price. FWIW I think the share price will probably stay where it is until we approach results. If all is confirmed as being ok, with no further skeletons emerging, there will be a small move up which will consolidate as ARE recovers.

[john henry1] 14/2/2020 08:58

I bought this a while ago for a recovery play - all seems to be going to plan : positive changes in personnel, a decent set of results and an order book suggesting 2020 will deliver. However the price action is going the opposite way - with some large disposals weighing it down. Just wonder if there’s something I’m missing. I can only think Coronavirus concern? Any thoughts?

[nocton] 14/2/2020 08:54

The market is nervous about the Covid-19 leading to postponed or cancelled events as has already happened in Hong Kong and Singapore.

[drradcliffe] 13/2/2020 22:29

I couldn't find any.

[molatovkid] 13/2/2020 22:25

You would think if any had been, that would be RNS'd

[john henry1] 13/2/2020 21:57

What are the events that have been postponed that effect Arena?

[peter27] 13/2/2020 10:25

If many more events are postponed it'll play havoc with their cash flow. I wonder whether they are insured against corona type events?

[lord gnome] 13/2/2020 09:59

Well that top up turned out well then. Err.... not.

[turbocharge] 11/2/2020 14:17

Arena Events Swings To Profit In First Half On Growth In Saudi Arabia
Alliance News, 11 February, 2020

Arena Events Group PLC on Tuesday reported double-digit revenue growth in the first half of its current financial year, thanks to a strong performance in Saudi Arabia.

It reported pretax profit of GBP4.1 million for the six months to the end of 2019 compared to a GBP1.4 million loss a year earlier, as revenue jumped by 16% to GBP92.7 million from GBP80.1 million.

Arena Events said headwinds from weaker markets in Hong Kong and Dubai, were broadly offset by growth in Saudi Arabia.

Meanwhile, both the UK and US markets were less buoyant than in previous years. However, cost pressures continue in both the US and UK, Arena Events said, from "tighter" labour markets leading to an increase in staff costs. The London event market has been softer than in prior years due to the general level of economic "nervousness" and political uncertainty.

"For the group as a whole, trading for the six-months to December has been solid," said Chief Executive Greg Lawless.

"Looking further forward, despite some concerns about the general trading environment in a number of markets, the group still expects to see revenue growth in the year ended March 2021 with the return of the US Open, the Ryder Cup, the Dubai Expo 2020 and further projects in Saudi Arabia," added Lawless.

[lord gnome] 11/2/2020 08:19

Added a few more myself. Looking to build a bigger position if the recovery continues. As I said before, I think this is a fundamentally sound company which is good at what it does. It just got overstretched.