Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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This has become a straightforward bet on whether or not the Virus comes back for a second bite. If all proceeds as hoped this will be taken out within six months at a price of more than 10p and hopefully as high as 20p or even the price that a take over should have achieved in march. Surefire bet BUT if there is a second global bout we will be in trouble!
I bought in today and it's showing as a sell
bids keeps on ticking up, look forward to see the delayed buys later
£52k buy at full ask of 6.5p, Tasheel must be stake building for a takeover, 10p soon
hugely in the oversold range! cant believe how undervalued this really is. now the sellers gone this should re-rate back towards 10p
anything under 10p placing price is a bargain! DYOR
5.72/5.99 now, where the hell did they get 6.70 from?
cheap as chips under 6p, ripe for a takeover by the saudis, they offered 25p in Feb, 15p seems reasonable now
Great news, Way over sold on Friday, Had to get some. Been doing so well of late until Covid and people are wanting to get out again. Just look at London this weekend.
It's actually a much smaller spread - 5.35/5.74
The seller is out on this one, shame the spread is stopping people entering today 18% lol
Perhaps a positive indication of the UK governments intent for the events industry:
Coronavirus: Quarantine rules relaxed for sports teams and film crews
https://www.bbc.co.uk/news/uk-53295779
New quarantine exemptions will allow major sporting events, as well as TV and film productions, to go ahead this summer, the government has said.
Some sports teams and production crews will not have to quarantine upon arrival in England if they are essential to the event or production.
The scheme gives the green light for Formula One, international football, golf and snooker tournaments to return.
The government's new quarantine exemptions mean Silverstone will be able to stage races in August, while Champions League and Europa League football, the PGA British Masters Championship and the World Snooker Championships will go ahead.
Ministers said darts, horse racing and other sports are expected to follow suit.
Announcing the scheme, which applies to England only, Culture Secretary Oliver Dowden said: "The British summer of sport is back on."
I think it will fall further in my opinion, with anticipated losses by year end of £110 million and not a lot going on until 2021, we will then have the loss making period Jan - Apr 2021 the impact will be very significant, what will the cash position be in May 2021? will we need another placing? but at what price? high risk.
The markets always overdo it - shares drop to much before recovering and rise too much before pulling back.
i too think the drop was overdone and didn`t even try to sell early doors , expected a small drop but watching the large sells during the day could understand why it did. bought a few at 5.3 and think it will get to 6p+ quite quickly but all depends if there are more to be sold. aimo.
Will be back up to near 7p the drop as it very often is was overdone yesterday...bought a couple of tranches...will come good again very soon
Yes but Boris and his Government have to either support or kill this sector ....and make that statement soon as to what the future will look like.....there will have to be something to give the mass events encouragememt .....or what for this sector as it includes music events , conferences, festivals, shows....Zoom cant cope with all that going forward !
Like I said recently a hard share to size up something didn’t seem right when it didn’t rerate a month ago. The warnings signs were there.
Arena Events Group sees “a seismic change” this year - https://bit.ly/2Aqm7fe
Sit tight boys : https://arenagroup.com/wp-content/uploads/2020/07/Arena-Events-Group-Plc-FY20-results.pdf
Viability Statement
The Directors have assessed the viability of the Group over a three-year period, taking account of
the Group’s current position and prospects, its strategic plan and the principal risks and how these
are managed. Despite the current COVID-19 pandemic and the pausing of many events around
the world in 2020, the Directors have assumed a gradual recovery in activity from early 2021.
More cash than market cap is a no brainer. One's who don't have that type of buffer will suffer and create opportunity for those cash rich when things return.
Always a good sign! New RNS...
is much less bullish than LSE or twitter
"This was getting ramped by a lot of the dimmest people on twitter. It was a bad investment before covid.. margins awful and too many geographically dispersed companies with poor leadership. It's an even worse investment now.."
#balance
The market seems to be surprised that Greg Lawless cannot make a confident statement about prospects for the coming year.
How could he? it would be a lot more worrying if he came up with a bullish opinion that everything is going to return to normal.This is a tightly held share with two large shareholders and directors holding over 50% and most of the trades in it are tiny. It has money in the bank for the present and It is likely to drift until taken out. However, a good one for the patient investor.
This Company has a great cash position well above its current mcap and will Survive for sure. Simply accumalate below 6p and ride out the lockdown phases. Then once this pandemic surpasses, which it will, this will be back above 15p in no time. Triple bagger from here easy.