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Thanks for that, I saw everybody selling and panicked thinking if I wasn't quick enough I would lose everything, after reading 10000 articles on Google ( I think I know how it all works now)
No you don't have to sell all your shares.
Hi, I've never been involved in a take over before, do I have to sell all my shares? and if so is there a time limit. Thanks
These were 72p Oct 2018. 21p is a baragin. Pitty I dont think there will be a counter offer. BOD can line their pockets with this deal so why risk waiting.... Still think they will do well once COVID restrictions lift but who knows when that will be. Bidder must see potential otherwise wouldn't have paid 42% above the recent average.
Looks like they’re being grabbed at exactly the right time before post Covid results pick up. An absolute steal.
20p to buy on halifax
If I'm reading the RNS correctly that's 14p to 21p today. No doubt will be bought up pre-market.
This is a perfectly valid thread and highlights the challenges for a company like Arena. However since this last comment, the pressure for returning to work has increased and this should lead to a psychological willingness to return to events in person. That said the real prospect of inflation should impact Arena's cost base and the disposable incomes of many of its customers, particularly the younger generation. All in all though I would expect an increase in demand over the next twelve months.
Given that Arena seems to be capable of operating at a positive gross profit level, the question mark must be about the cost and sustainability of its debt position but I would expect banks to be willing to keep lending unless there is a serious global recession.
The share price has recently continued to fall but sales volumes have been low and I wouldn't read too much into this. As said earlier I would hope for a strong pick up in its next reported results, though with some questions about medium term economic risks.
That may mean the company is near rock bottom but another way of looking at it is, if it can survive the short term and not be bought by a private equity co, then there is great upside potential once Covid restrictions are further relaxed. I don’t expect much movement until reported results are available.
“…The share price hasn’t moved much through the whole of 2021, despite the company demonstrating its continued capacity to pick up prestigious new contracts, such as the award last month of a multi-million pound deal to deliver one of the venue clusters at the Commonwealth Games to be held in Birmingham in 2022…”
https://total-market-solutions.com/2021/08/arena-events-group-plc/
Paying off some debts early. Never a bad thing.
Saves a chunk of interest.
Slow but sure turnaround story going on here. Profitable for the patient.
Nice RNS
Resilient !! Looks like they have found income from other sources during this pandemic, cut some costs, tightened their belts and are now in a position to start generating some profit again.
Future is bright imho
A little late with the disclosures aren't they?
Very quiet on here but the share price is ticking along nicely from my buy in price. A great recovery stock especially as things are now opening up and getting back slowly to some kind of normal.
Arena seems to have gotten through the crisis quite well considering how hard their business was hit, as lockdown starts to open up the future should look good for them, I would say this is a good price and the board are topping up as a vote of confidence.
Thought I would say hi, got in this afternoon at 14.17p! Got to be a great recovery stock with the UK and US vaccination success.
When UK is fully open up in June these will be hitting year highs and above at least 30p imho.
Load up while you can. Cheap at 14p.
brilliant timing...like over on bxp @ over £1.05p lol
Another storming buy. I do know how to pick them. Bought in at 12p last week. Did say at the time it would rerate up!
Todays rise is presumably sparked by the extension of the furlough scheme to September which throws a lifeline to Arena in case the pandemic takes a turn for the worse.The Saudis want to buy as they see business to expanding in their direction . However Dubai and the far east,particularly Hong Kong are fading in attraction for many because of the deteriorating political climates and Saudi is not everyone's favourite place.There are several big blocks of shares and it is not impossible that another suitor from Europe or USA shows their face. It would be nice to have a battle and in the interest of many of the directors who are nursing losses. Wishful thinking? I am not sure and in any case trading will be picking up and customers will presumably want more space where possible to comply with social distancing which will be with us for a bit.
Bid coming from Saudis?
Big £40K buy come in........middle east investors topping up?