Arena Events Share Discussion Threads

[abarclay] 10/11/2020 23:25

Director salaries look high

[bmwman3] 10/11/2020 23:03

Gigs, concerts, festivals, sporting events, theatre may be possible again! ARE are back in business and up to 50p range as these will be in demand more than ever after a drought!

[bmwman3] 10/11/2020 21:27

THE TIMES. Pfizer Covid vaccine could get green light next month

[bmwman3] 10/11/2020 21:26

https://twitter.com/davidburton1971/status/1326205051703087104?s=21

[rmart] 10/11/2020 15:01

bubbling up again, tick up coming?

[rmart] 10/11/2020 14:37

nice £20k buy there, can we start the next leg up today ?

[qs99] 10/11/2020 14:36

HYVE is the obvious other one dennis in my view. This one is nicely positioned IMO to pick up contracts into 2021 as sports come out of hibernation. DYOR

[dennisbergkamp] 10/11/2020 13:37

Events recovery plays. Must be a few more

D

[rmart] 10/11/2020 13:05

it is a big recovery play but you will get the bedwetters and giro traders popping in to cry because they think they missed the boat again.

They never learn. You can easily triple your money from here. But instead they will just watch, moan, call names, then sulk off into the distance again.

[qs99] 10/11/2020 13:01

Just putting it out there. Do I think this is a good recovery play, yes, do I know where it will get to short term, no, am I willing to hold to find out whether it multi-bags, yes, are there risks, absolutely. DYOR

[justtrying1] 10/11/2020 12:56

Pump it up

[qs99] 10/11/2020 12:55

in the 12 m/e 31-12-19 they made adjusted EBITDA of £16.6m and arguably this should be a leaner beast, albeit with a rescue fund raise etc etc.

As a recovery play what 2021/22 multiple would you put it on? How much could it rebound to as the world opens up, i.e. market cap (let's assume the debt could be repaid within 2-3 years tops should they wish)? £60-80m? If so how much will the market buy in to that ahead of delivery?

IMO, it could be at least double the market cap now, so getting back towards 15p+ is not a bad first stop....

the other thing is that they will I am sure, as they have already done, be able to pick up distressed assets v. cheaply....DYOR

discuss!

GLA and DYOR

[rmart] 10/11/2020 12:50

bmwman3, that is because the events sector is the next recovery play. These are tooo cheap.

[rmart] 10/11/2020 12:49

As of 1 September 2020, the Company has 247,710,833 shares in issue.

So far the company is aware, as of 1 September 2020, 52.31% of the company’s ordinary shares, were not in public hands.

Wow, very small free float!

[bmwman3] 10/11/2020 12:49

Been here since first thing this morning and didn't bother posting as the board was so quiet! Then you lot turn up lol it's like the RMS board all over again!

[qs99] 10/11/2020 12:47

Agreed, am holding fire on buying any more, already have too manY!!

Buyers realising this has missed the ride IMO, it was what c.25p as we approached lockdown in March and muchos higher previously....let's see where the market will take this....DYOR

[rmart] 10/11/2020 12:44

No brainer from here. This sector is going to fly now we have a vaccine on the cards!

[qs99] 10/11/2020 12:40

Must be top of the leader board which is neat!

[qs99] 10/11/2020 12:32

rmart spot on mate in my view. We are all crying out for live entertainment (me sport especially!).....some material hay to be made once this happens in my view....

[rmart] 10/11/2020 12:29

not quite an rms, but I see a return to 20p. RMS 12 bagged and was a crazy ride.

I just see the events sector having a big recovery as the vaccine gets closer. Common sense really isnt it ? People want to be entertained and the bookings will be massive when tickets go on sale.. We have waited long enough.

[qs99] 10/11/2020 12:27

Agreed....HYVE went nuts yesterday, this one stayed quiet....could be a real gem IMO for a 12 month hold. GLA

[kemche] 10/11/2020 12:26

rmart, Do you see these doing a RMS?

[rmart] 10/11/2020 12:21

Nice quiet board, got a few of these this morning on the vaccine news. Events sector has been hammmered in the last 8 months. This was 27p in January. When events open up this could easily get back there as people will want to get back to normal and bookings will rocket.

[qs99] 10/11/2020 10:23

Agreed. it has survived, not to make hay on the upside and be patient for a multi-bagger.....DYOR

Have also bought EQLS, AMGO as two risky upside plays as well DYOR on those as well.