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Have a 12.4% stake in this company. Also added to my BUY list
From yesterday: www.thisis*****.co.uk/money/investing/article-5430767/MIDAS-SHARE-TIPS-Arena-Events-winner-worldwide.html Replace the ***** with money ..
Nice complementary little business they've just bought there. They did say they were looking for targets in the trading update - didn't need to wait long!
Great little TU this morning folks! I’ll just talk to myself on here while everyone tries to get rich quick on stupid mining stocks shall I..?!
Got the SCSW bounce on..
Someone seems to be accumulating a few of these - anyone going to claim them?
No bad thing but I can't find much discussion about this share. I bought in on the IPO around 60p because I like the story and have been to a few events where they did the work and was suitably impressed. It's not done a great deal since, despite a couple of decent updates on contracts etc. Quite a high volume day today with some decent size block buys makes me think someone might know something I don't..
Hi all, welcome to the board for ARE. This may be a simple/dumb questions but when would we expect ratings/price expectations to come?
Forget that question looks like 45p
This looks good to me as well, do you know the float price?
New beginning new rise this will climb and climb
The share price has gained 63% over the past year, but has remained flat during the past week. As more betting has moved offshore, the number of betting shops which fall under the levy has reduced. The effect on Arena has been a £2.5m decline in revenues in 2011, to £61.5m.
As more betting has moved offshore, the number of betting shops which fall under the levy has reduced. The effect on Arena has been a £2.5m decline in revenues in 2011, to £61.5m. Speaking at the time, Elliott said: "Looking ahead, 2012 sees the commencement of our five year media rights agreement with SIS which significantly enhances the group's income. We intend to maximise the opportunity provided by our catering service contract at the Olympic and Paralympic Games and to extend our in-house catering services to other third party venues and events."
Earlier this month, the firm revealed that although revenues had slumped, it managed to boost profit before tax, which came in 14.6% ahead of 2010 at £4.2m. Arena owns seven high profile race courses, including Lingfield Park and Doncaster, but has seen its turnover reduced by the fall in the levy on bookmakers
Mark Elliot, Chief Executive of Arena, the race course owner, has acquired over two million shares in the firm. The company announced that over 12m ordinary shares in the firm were allotted for submission onto the LSE, over 8.7m of which were allotted following vesting of awards granted pursuant to the Arena Leisure Long Term Incentive Plan. Following the vesting, under which Elliott acquired 2.5m shares, he also purchased one million shares at 40.75p and 1.05m shares at 39.50p for a total of £820,608.
Is 16.12.11 the deadline for an offer to be made?
arena leisure could be not far away from a 60p + takeover. The company have confirmed they are involved in talks and on are on the market, see June RNS.
David Thorpe, Chairman of Arena Leisure Plc, commented: "Despite the challenging back drop of reduced industry funding and the slow economic recovery, the consumer-driven operations of Arena's business have performed exceptionally well; most notably, posting attendance growth of over 11% in the period. Our trading performance since 30 June 2011 is in line with the Company's expectations. The media rights uplift from 2012 onwards is now on the horizon. "The Government is in consultation on a reform of the Levy scheme and we are encouraged by its recent statements on licensing and taxation of off-shore gaming. We believe that the nature of Arena's racecourse estate, in particular the all-weather assets, will be advantageous in the event of a Levy replacement that is predicated on a commercial relationship with bookmakers."
Recent developments and future growth: · The Government is currently consulting on the future options for the Levy with regard to remedying the current structural deficiencies. Arena has participated in this process and considers the recent Government statements on licensing and taxation of off-shore bookmaking as a positive step. · The new five-year SIS media rights agreement, with an estimated total value of £106.0m and an uplift in annual value of £10.0m, will commence on 1 January 2012. · In February 2011, Arena successfully tendered to The London Organising Committee of The Olympic Games and Paralympic Games Ltd to provide catering services at Eton Dorney and Greenwich Park venues in 2012, with an estimated net profit contribution of £0.5m to £1.0m. · In July 2011, Shepway District Council published the Local Development Framework Core Strategy (Proposed Submission Document) for public consultation that identifies Folkestone Racecourse as a strategic site for a mixed-use development incorporating up to 820 residential units. · In June 2011, the Board announced a review of possible options to increase value for its shareholders. This process is ongoing. · Trading performance since 30 June 2011 is in line with the Company's expectations.
Operations: · The Group staged 189 fixtures in the period (2010: 188) and is scheduled to stage 353 fixtures in the full year (2010: 352). · Arena continues its track record of significantly outperforming the industry as a whole with attendances up 11.7% to 315,000 (2010: 282,000), average attendance up by 11.3% at 1,667 (2010: 1,498), and hospitality attendance increasing by 8.2% to 18,400 (2010: 17,000). · Revenue from catering increased by £0.8m (18.9%) to £4.9m and from hotels by £1.1m (137%) to £1.9m including a full period of the Lingfield Park Marriott Hotel and Country Club. · Contribution from At The Races continues to grow, both from royalties received and equity share.
Results for the six months ended 30 June 2011 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, today announces its results for the six month period from 1 January 2011 to 30 June 2011 (the 'period'). Financial: · Revenue (excluding Levy income) grew by £3.0m (15.3%) to £22.5m (2010: £19.5m), reflecting the progress of the consumer business and increasingly diversified revenue streams. Total revenue decreased by £1.9m to £28.2m (2010: £30.1m) after the impact of the previously announced reduction in Levy funding received by the Group of £4.9m. · Profit before interest and tax decreased by £0.6m to £1.4m (2010: £2.0m) primarily as a result of a £1.3m net impact from the reduced Levy income. It also reflects a £0.6m improvement in operating performance and a £0.1m increased contribution from At The Races. · Profit before tax was £0.4m lower at £0.5m (2010: £0.9m). Basic earnings per share were 0.16 pence (2010: 0.28 pence). · Net bank borrowings at 30 June 2011 had reduced to £34.8m. These have since reduced further by the receipt in July 2011 of the final advanced payment of £7.0m from SIS under the terms of the new media rights agreement.
http://www.investegate.co.uk/Article.aspx?id=201108010700104362L
This is a steal with an expected 70p buy out!!!