Arena Events Share Discussion Threads

[liam1om] 23/7/2009 09:19

I fully expect a strong move here, either today or the coming days.

You are right though, some press coverage would definetly help.

[pelleeds1980] 23/7/2009 09:11

Yeah bought £500 straight after the RNS then fully digested so got about £2.4k in here.

I know its a bit impatient of me but expected to see a big rise first thing as I couldnt get any more from 4:15 onwards yesterday.

I guess a bit of press coverage might help

[liam1om] 23/7/2009 09:07

Give it a chance pelleeds1980 - I think its under the radar, especially the timing of the announcement yesterday.

[pelleeds1980] 23/7/2009 09:00

Expected this to surge today?

[roryb] 23/7/2009 08:09

Expecting a strong move here today.

[ffp] 22/7/2009 21:02

Well deserved news for us all, I think. I fear that 90p would see me even..:-((

[blackcrowes] 22/7/2009 20:46

What a good do !

[captain_kurt] 22/7/2009 18:46

ARENA LEISURE PLC (ARE.LN), a U.K. horseracing group, Wednesday said it has signed a GBP106 million deal with Satellite Information Services (SIS) Limited for the coverage of horse racing content from all of its seven racecourses.

Arena said the five year deal will replace its current arrangement with BAGS, which ends Dec. 31 2011.

The company said its new revenues will nearly double the GBP55 million it gets from its deal with BAGS.

Arena said it will receive an initial advanced payment of GBP12.5 million from SIS.

At 1430 GMT, Arena Leisure shares +3 pence, or 13%, at 26 pence.

[the big fella] 22/7/2009 17:02

On what basis do you say fair value before the deal is worth 45p?

[topinfo] 22/7/2009 16:41

Liam...No reason why not, they have had a huge contract renewed which is excellent, but also now worth double what it was and more than mkt cap alone. Fair value on these was around 45p before this deal so with it...££££

[liam1om] 22/7/2009 16:40

TOPINFO - Agree. Looking for 40p tomorrow.

[pelleeds1980] 22/7/2009 16:36

Was buying this afternoon but from about 4:10 onwards couldnt get any more

hoping for a good day here tomorrow!

[topinfo] 22/7/2009 16:35

Another 25-30% rise likely tomorrow upto the 40p level to take into account this hugely significant deal.

[abcd1234] 22/7/2009 16:09

"Total revenues receivable by Arena under the Agreement are estimated by the
Board at GBP106 million, significantly in excess of the revenues receivable
under the existing five year contract, which are estimated by the Board at GBP55
million. "

current market cap of arena/ARE is 100m ....Hmmm ;O)

[abcd1234] 22/7/2009 15:43

wow, thats a stunning deal

[mg78] 22/7/2009 15:37

Cracking RNS. Thanks for the heads up topinfo.

[topinfo] 22/7/2009 15:36

Bloody Great news you mean.

[whatlarks] 22/7/2009 15:28

Good news!

[snookerclub] 17/6/2009 23:15

looks to be moving towards a move towards going private, maybe the reubens twins have a deal. that was the talk at Ascot today.

target price of 45p by july

[ffp] 17/6/2009 22:54

Non whatsoever, there was an editorial in the MOS,

Just seems to ebb and flow with the tide!!

[blackcrowes] 17/6/2009 22:40

Any clues 15% rise ?

[monty panesar] 15/6/2009 07:50

These look as if they are about to run. Seems a very good recovery play.

[9 darter] 14/6/2009 23:43

Good article in the Mail On Sunday, Page 49.