Arena Events Share Discussion Threads

[lucicavi] 13/9/2019 19:07

40p coming bid

[thinkmoney] 13/9/2019 16:30

There is no strategy and the senior team have no clue what they are doing and haven't done for sometime. They've made a lot of "exaggerations" to get themselves onto AIM, got investor's money which probably saved the business in the first place. Then they have exaggerated potential growth and earnings because they have no strategy and have no idea how to get themselves out of this mess.

There is a lot going on and even though revenue is up due to acquisitions from the prior year, they are losing some customers which have been with them for many years, and they are losing both customer and supplier confidence. All new management team in the UK who don't have a clue about the market they are operating in. They are also running out of cash again and this time will not get any cash from investors.

The only way out is to sell or break the business up again. The latter would probably generate more cash.

[turbocharge] 13/9/2019 15:27

This was an assessment by one institutional investor who bought into ARE at the beginning of the year:

"Arena Events Plc. Arena's offerings include specialist temporary physical structures, seating, ice rinks, furniture and interiors, mostly for sporting, cultural and corporate events of a Tier 1 nature. The company focuses on creating long-term, multi-year contracts with clients (for example it has had a relationship with Wimbledon for 50 years and the Ryder Cup for 20 years) and therefore large proportion, recurring revenues are attractive. Operating in a highly fragmented marketplace, with competition tending to be sector/region-specific, and Arena's strategy is one of consolidation, organically or via bolt-on acquisition, both geographically and by product. We believe this strategy to be a sensible one as the consequential breadth and depth of service it can offer, coupled with an experienced management team and strong heritage, should position them to grow ahead of the market, enhance margins and improve asset utilisation."

[nocton] 13/9/2019 15:10

Yes, I was thinking that too. I think a lot of AIM/small-cap shares are heavily over-sold due to Brexit and Woodford problems and anxieties. As it looks increasingly as if Boris will sort out Brexit and get us out by 31/10, despite the machinations of the Remainers, that should lead to a recovery - which is perhaps already starting. Some of these massive sells may turn out to be buys- shifting between investors as TurboCharge suggests. It is not normal with a small-cap share like this for buys and sells to be at the same price, especially when there have been over 5m shares sold in one day.

[sbb1x] 13/9/2019 14:45

Nearly bought 100,000@16.50. Dam wish i had now!

[turbocharge] 13/9/2019 13:22

Possibly shares shifting from one institutional investor to another....?

[researchmonkey] 13/9/2019 12:56

One more thing. We will see in the next few days the paperwork showing that many of the institutional investors have pulled out I would think. Some of the SELL trades have been for massive volumes which surely must have been funds who have now said “Time to get off the bus.”

[researchmonkey] 13/9/2019 12:41

I wonder why he would buy £18,000 of his own toxic shares? To try and stop the slide in the share price or because he thought they were a bargain or trying to reassure the market?

If he thought they were a good buy he could have bought a hell of a lot more. Is it just a token gesture - one can only guess. I should think that he is now so deep down the rabbit hole that he has lost all objectivity- as he owns hundreds of thousands of those shares bought at 55penxe and higher.

Still no word on a strategy to get themselves into a place where they get business where they actually make money rather than take on projects that they deliver at a loss. How do Arena do this work at a stinking loss whilst GL do it at a profit. Why are the profitable businesses that they have bought no longer run profitably. This is a good business that is being badly run is what I think.

[turbocharge] 13/9/2019 11:57

Director/PDMR Shareholding

On 13 September 2019, Greg Lawless, CEO, purchased 100,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at an average price of 18p per share.

b) Nature of the transaction Purchase of ordinary shares
------------------------- ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
18 pence 100,000

[baddeal] 12/9/2019 22:48

RM where's the insight? cfo jumped or pushed?

[researchmonkey] 12/9/2019 10:21

Abandon Ship! Abandon Ship !

CFO first - closely followed by shareholders. So much revenue and still no profit. So many acquisitions and still no profit. The more they sell the more they lose. They have created a business where there is no margin at all - they are selling at less then the cost of execution. Madness.

[dplewis1] 11/9/2019 12:46

Yup, defo one to avoid!

[turbocharge] 10/9/2019 15:12

Arena Events Group PLC Director/PDMR Shareholding - Replacement

The announcement at 1:19pm on 10 September 2019 (RNS Number: 8528L) states that 4(b) of the disclosure template that the nature of a transaction was a sale, however it should have stated that the transaction was a purchase. The corrected announcement is set out below.

b) Nature of the transaction Purchase of ordinary shares
------------------------------ ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
21 pence 200,000

[thinkmoney] 10/9/2019 12:52

They are still over valued at the current price. Debt higher than equity so no way out for them other than takeover at a low price.

CFO knows where it is heading.

[mbdx7em21] 10/9/2019 12:30

Balance Sheet

The net bank debt position as at 30 June 2019 was GBP28.6m, an increase of GBP9.4m from the 31 December 2018 position. This mid year increase is driven by the operating cash outflow noted above and the investment in capex in the period. In addition, GBP1.6m of deferred consideration payments were made in the period. We expect net bank debt to fall by year end to around GBP23m.

During the period the Group exercised a portion of its accordion facility with HSBC and the Group senior deb

[dplewis1] 10/9/2019 10:51

Sold out of these a long time ago but this seems a bit brutal?

[researchmonkey] 28/6/2019 14:43

Big summer season in full swing now. Let’s see if the new management can do a better job of delivering than the guys did last year. Queens Tennis bloody challenging because of the rain but looked great. This hot spell will have the Air and Ice business tested. Great opportunity to impress but tiny margins - where rectifying a mistake can cost all your margin.

[dplewis1] 28/6/2019 12:48

Decent volumes are continuing, let's hope we get some decent news off the back of it!

[dplewis1] 27/6/2019 12:47

Yes I noticed that one. Hopefully will spur it back above 40..

[turbocharge] 27/6/2019 12:22

A healthy 600,000 buy this morning...

[lukmanpatel] 10/6/2019 06:18

Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards