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Positive news for #ARE
https://www.bbc.co.uk/news/entertainment-arts-53354262
you know what that means
Sadly not a lot as they have more or less written off UK events for the autumn and the ice rinks are the main winter attraction they get involved in and their clients will be able to reclaim the VAT on the Arena costs as well. The end user pays the VAT which on a hours skating is unlikely to influence anybody!
With respect i dont see how it will save ARE...they just reclaim...and charge,but it will certainly help some of their clients
Government are dropping VAT from 20% to 5% for 6 months for hospitality sector, that will save ARE a lot of money
30% discount from placing price, loads more head room
Thought they were a bargin last Fri...should have bought more...gonna congratulate myself for spotting it.
did say, a few trades have just printed on LSE but theirs more behind the scenes ;)
only buying at this level no selling. mms will let this off soon snd the spread will close if volume continues
100k buyer is back, trades should show after close today
Raised £9.5m in recent placing (End march) with Tasheel (links to Saudi Prince) taking a large chunk with option to join BoD and Lombard increasing (have joined BoD). Tasheel added in placing probably after Arena's superb Stadium built for Joshua V Ruiz fight Dec 2019. These two took lions share imo
Funds raised at a 71% premium to the then SP
CEO stated now Funded through 2020
Merging divisions to focus service and become more streamlined
Mooted bid of circa 25p for company halted in Feb due to covid (recent stremlining of company makes a reapproach bid esier and less messy)
Has been a seller(s) but volume over last 4 weeks should have cleared small TR1s. Tasheel, Lombard largest holders and will be bidders imo
Experts in their fields. Worked on projects like:
Scotsdales Garden Centre Houseplant and Café Extension
2020 Masters Snooker
Diriyah Arena
The Queen’s House Ice Rink
Skate Manchester Ice Rink
Warwick Castle Ice Rink
BMW PGA Championship
2019 ICC Cricket World Cup
Oliver! at Lincoln Cathedral
RHS Chelsea Flower Show
US PGA Championship
Royal Windsor Horse Show
Frieze Art Fair
Hong Kong Sevens
Fever-Tree Championships Queen’s Club
Cheltenham Festival
Winter Wonderland Hyde Park
we know this has been a hard hit sector by covid, snap up the cheap stocks below placing price and below big insitutes
the saudis did not take 25% at 10p to lose money.. they clearly know the value here and so does the directors and the dailymail.
was tradeing 25p before covid, was in the process of a 25p buy out offer from the saudis which is on pause due to covid. fully funded throughout 2020 raised 9.5mil at 10p placing which was over subscribed by directors and the saudis took 25% of the companys issued shares. only reason this is so cheap is because the seller but they are now gone and the directors have been buying bucket loads at this level
Closely related to Director Purchase.
On the back of the Director purchase and reading your comments on this board.
this will be HOT next week!!! loads of media coverage for Arena
most stock is kept in very tight hands and the directors keep buying more at current levels!!
good mention in the Daily Mail ‘Stock Watch’ finally the markets seeing the potential and how undervalued this company is
Arena Events Group plc (AIM: ARE) has been notified that, on 7 July 2020, Paola Hanna, a person closely associated with Ken Hanna, Chairman, purchased 800,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at an average price of 6.5p per share.
Another director buy?, If so I think it's a positive move for the rest of us showing confidence
800k buy just printed
plenty of buys, will gap up tmr. Company has £24.5 mil cash but the mkt cap is only £16 mil!