Arena Events Share Discussion Threads

[cretin] 16/3/2008 20:27

read his views(pontins) he also says penrose would make good boss of the tote; now in the sunday telegraph Sportec(penrose is ceo) may bid for the tote, who is this man?? knows a thing or two or a good guesser.

[whatlarks] 11/3/2008 20:39

Pontins on iii board thinks a takover is on the cards.
Worth reading his take.
Hope so, think I'll hang in for a while

[cockneyrebel] 11/3/2008 19:20

Went below my 50p stop today so I'm out.

Large volume again today but triggered weakness rather than strength. Perhaps another wadge to clear. I might be back if these rise on volume again.

CR

[whatlarks] 11/3/2008 12:06

Oh dear, we are heading back to the 40's.
Think this stock is destined to stay there.

[cockneyrebel] 07/3/2008 15:00

cheers bigbigdave.

Doesn't look an obvious buy on the earnings front but asswetwise it looks cheap imo.

CR

[cretin] 07/3/2008 14:27

this is still a buy based on what bigbigdave has seen and kindly posted for us, thanks bigbigdave.

[bigbigdave] 07/3/2008 12:08

From The Times>>>>

Arena Leisure

Last summer, when torrential rain caused the cancellation of a record number of race meetings, was not a total washout for Arena Leisure. As yesterday's full-year results show, the biggest single contributor to the racecourse operator's 7 per cent rise in pre-tax profits was a £6.6 million insurance claim for the flooding of Southwell.

So if the shares dipped modestly, that had more to do with Arena's admission of a slower start to 2008. With an average spend of £25 at its tracks, Arena is vulnerable to both consumer weakness and City job losses: Windsor, helped by Monday evening summer meetings, is one of its two most profitable courses.

But that risk should not be overstated: January and February account for only 8 per cent of annual attendance income. More important is a return to more normal weather patterns between May and September, when Arena expects to book two thirds of income.

Arena cannot be valued on profits alone. Given the scope to redevelop surplus land around Lingfield and Folkestone, it is more akin to a property stock. Last year's receipt of planning permission for hotel and residential schemes at Doncaster, Lingfield and Wolverhampton was encouraging, as was the disclosure yesterday of £39 million of new bank facilities. Although at 52p, the shares lack a short-term catalyst to send them higher, the presence on the share register of Trevor Hemmings and, it is rumoured, the Reuben brothers should provide a floor. Hold.

[cretin] 07/3/2008 11:42

with u whatlarks, think someone is interested or even in advanced talks waiting for financial climate to improve. Cant think why the reubens would want to be stuck with just the northern racing estate, even though there might be odd developement opportunities there, it is still mainly racing and what do they know??? so they must be getting advice from someone, that must be Arena.
Dont think a t/o will happen, think it is a cert, thing is when????

[gizzimodo] 07/3/2008 11:01

It would be interesting to know the true value of the assets - maybe someone is prepared to pay to get their hands on them. Bear in mind shares are held in large quantities by a small number of shareholders. Based on trading alone the current share price seems realistic.

[whatlarks] 07/3/2008 10:57

Holding on in the hope the the Ruben Bros take us out.
Otherwise this share will stay in the 40s forever.
Do you lot agree?

[cretin] 06/3/2008 10:57

whatlarks and pontin elsewhere, seem to have gone from bullish to bearish, can`t say i disagree, seems like slooooowwww progress. better opportunities elsewhere.

[cockneyrebel] 06/3/2008 10:52

nope, I'm holding unless thes fall below 50p. In at 45p so still well in profit and I think there's a stake builder still. Post result profit taking that's all imo.

CR

[deadly] 06/3/2008 10:26

CR is probably out by now - if not he soon will be.

[whatlarks] 06/3/2008 10:08

Damm wanted this share price to move up looks like we are stuck in this range forever!

[kallista] 06/3/2008 07:50

* Arena Leisure PLC. Altium Securities forecasts FY adjusted pretax profit 5.6
mln stg vs 5.7 mln; total dividend 0.5 pence, unchanged

[kallista] 06/3/2008 07:26

Looks like a pretty solid set of results given last summer's washout. Any idea if the new catering division contributed a full 12 months?

[cockneyrebel] 06/3/2008 07:26

No bid news in the results then.

I still think there's something going on tho, whether the co know about it or not. Think I's watch for any sharp rally after further volume here - it's the assets someone will be after, not he earnings.

CR

[bigbigdave] 06/3/2008 07:13

RNS Number:4791P
Arena Leisure PLC
06 March 2008

ARENA LEISURE PLC

PRELIMINARY RESULTS FOR YEAR ENDED 31 DECEMBER 2007

Arena Leisure Plc ('Arena'), the operator of seven racecourses and 26% of the UK
's annual horseracing fixtures, today announces its audited preliminary results
for the year ended 31 December 2007.

Financial highlights

* Revenue increased by 28.0% to £57.9m (2006: £45.3m), principally due to
the re-opening of Doncaster Racecourse and the creation of a new catering
business.
* Profit before interest and tax increased by 6.9% to £6.0m (2006: £5.6m).
* Earnings per share increased by 1.2% to 1.63p (2006: 1.61p).
* Proposed final dividend of 0.30p per share, giving a total dividend of
0.55p per share - an increase of 7.8% (2006: 0.51p per share).


Operating highlights

* Wolverhampton Racecourse staged a record 121 fixtures (2006: 111) and
Lingfield Park staged 106 fixtures (2006: 95).
* Unprecedented wet weather throughout much of the summer caused extensive
flooding at Worcester and Southwell Racecourses. As a consequence, Arena was
unable to stage 19 scheduled fixtures (2006: 4). Southwell Racecourse
recommenced operations in December 2007 following the receipt of insurance
proceeds totalling £6.6m.
* 347 fixtures held in the year (2006: 353), representing 26% of all UK
fixtures.
* At The Races delivered an operating profit for the first time - Arena's
share of operating profit was £0.2m (2006: loss of £0.3m).
* Successful creation of an 'in-house' catering business to direct, manage
and operate all catering activities across Arena's racecourses.
* Contract signed in January 2008 with Great Leighs to manage its race-day
operations.


Development highlights

* The first phase of the redevelopment of Doncaster Racecourse completed
on time for a trial fixture in August and the successful staging of the St
Leger festival in September.
* Planning permission received for a combined 120-bedroom hotel and
34-unit residential development at Doncaster Racecourse.
* Planning permission received for Wolverhampton Racecourse to expand the
current hotel to 170-bedrooms and incorporate a casino to create the UK's
first 'racino'.
Government go-ahead given for the creation of eight 'large' and eight 'small'
casinos, with the City of Wolverhampton recommended to receive a 'small'
casino licence.
* Planning permission received for a 116-bedroom hotel and leisure
development at Lingfield Park Racecourse.


Commenting on the results, Arena's Chairman, Raymond Mould, said:

"Without doubt, 2007 was a very challenging year for Arena. I am delighted that,
despite the severe adverse weather experienced during the middle of the year and
an unprecedented level of abandoned fixtures, Arena was able to meet revised
market expectations with profit before interest and tax of £6.0m. Despite the
loss of two racecourses for a significant part of the year, Arena retained its
position of staging over one-quarter of all horseracing in the UK."

"Importantly, Arena made significant progress with each of the strategically
important developments that will yield value in the coming years, in particular
with the re-opening of Doncaster Racecourse, the creation of the catering
business and the receipt of planning permission for hotels at Doncaster,
Wolverhampton and Lingfield Park. The Board is optimistic that Arena will
continue to make good progress in 2008."

[cretin] 05/3/2008 16:10

upward ticks indicate brokers know already.

[whatlarks] 05/3/2008 15:58

Hope some good news tomorow!

[theband] 05/3/2008 14:48

Right C.R, if i lose money here i hold you poysonally responsible

[kallista] 05/3/2008 12:45

News today that the Tote is back up for sale to the highest bidder.

[cretin] 05/3/2008 12:36

i dont see 12.75m shares as significant on the scale of things, after all, new star investments hold 11.5m as an investment.
no the really significant fact was when Arena allowed the reubens to buy northern racing, unopposed, this would not be the case if Arena were thinking of staying in this business. imho.I see the potential t/o of arena by northern racing.i am just debating the issue, know nothing for certain