Arena Events Share Discussion Threads

[dplewis1] 02/2/2018 07:22

Acquisition of GLD Productions. Should be a good additional stream of revenue for Arena

[dplewis1] 26/1/2018 07:11

Solid statement today.. This will probably get another write up in SCSW and start the grind higher.

[dplewis1] 24/1/2018 09:54

Chunky buy at full ask..

[nw99] 09/1/2018 13:01

Watch John09 he sold AFX talks rubbish

[john09] 08/1/2018 11:58

Yep. I think AFX is a good one

[nw99] 08/1/2018 11:47

No idea mate very strange

[lucicavi] 08/1/2018 11:18

Why does john09 troll you nw99

Guy is a bellend

All his posts are waste of time

[dplewis1] 08/1/2018 11:13

All piled into ESG from the main write up by the looks of it

[john09] 08/1/2018 10:17

Only 150,000 shares traded looks like many SCSW subscribers concur

[john09] 08/1/2018 10:16

Maybe not eh, only up 0.5p on the day. Several of the NAPS waining

[nw99] 08/1/2018 08:10

Bought this one here looks interesting long term

[john09] 08/1/2018 08:10

Thats true. But you cant buy em all

[dplewis1] 08/1/2018 08:08

Sometimes they end up being the best ones to buy

[john09] 08/1/2018 08:06

It didnt really excite me this one

[dplewis1] 08/1/2018 08:05

Good to see some fellow subscribers of everyones favourite tip sheet have been buying this morning :)

[cragside] 07/11/2017 07:19

Hi Dan

Will be pleased to see any research that you can do. There is not a lot to go on without forecasts from the company or a broker.

[dan_the_epic] 06/11/2017 22:57

Correct you are; sorry for that rather pointless comment!

Will contribute some research at the weekend as compensation :)

[cragside] 06/11/2017 22:45

Arena Leisure Plc ('Arena' or the 'Group'), the UK's leading operator of horseracing fixtures which owns and operates seven racecourses in the UK comprising Doncaster, Royal Windsor, Lingfield Park, Wolverhampton, Southwell, Folkestone and Worcester.

This was the old ARE, and has no connection at all with the recently listed company as far as I can see.

[dan_the_epic] 06/11/2017 21:17

Worth starting with a review of what happened with Arena last time they were listed. I don't know the answer but saw they have been in the past

[cragside] 06/11/2017 20:42

There seems to be very little interest in this company based on no bulletin board activity for over 3 months. The interim results were very respectable showing a 12% period on period increase in sales together with very positive comments for the remainder of 2017.

I can see no broker forecasts, so have had an attempt at preparing my own for the year ended 31 December 2017;


Sales: (12% increase year on year) £114m
Gross profit: 29% (same as 2016, but could be better) £33m
Admin expenses: (£1m more than last year) £25m
Interest: (only £10m of debt now) £0.5m
Net profit: £7.5m


The above includes an annual depreciation charge of approximately £5.6m, so without any capital expenditure a cash profit of £13m.

The net profit produces a P/E ratio of less than 10, whereas the expected P/E ratio is 15, based on other hire companies e.g. SDY, AGK.

So the bottom line is this is a growing company and the P/E ratio of 15 would produce a market price of nearer 100p. There probably should be a discount due to lack of liquidity, however we will have to wait and see what will happen over the next 3-6 months as to whether the market agrees.

If any other reader has different forecasts to mine I would be happy to look at them.

[jpjp100] 16/4/2012 16:31

all paid out now