Arena Events Group (ARE)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

22.25p
   
  • Change Today:
      0.50p
  • 52 Week High: 40.25
  • 52 Week Low: 16.50
  • Currency: UK Pounds
  • Shares Issued: 152.71m
  • Volume: 452,193
  • Market Cap: £33.98m
  • RiskGrade: 267

Arena Events gobbles up Ice House Rentals

By Josh White

Date: Monday 21 May 2018

LONDON (ShareCast) - (Sharecast News) - Arena Events Group has expanded its UK product portfolio with the acquisition of specialist temporary cold room company Ice House Rentals, it announced on Monday.
The AIM-traded firm said the acquisition would see the Hampshire-based company be integrated into Arena's current furniture and tableware business, Well Dressed Tables.

With more than 200 cold rooms, Ice House Rentals provides temporary cold room hire throughout the UK and supplies some of the UK's "most prestigious" events including Royal Ascot, Arena explained.

It said the acquisition was in line with its growth strategy, and would "significantly strengthen" its offering to existing clients as well as help attract new clients.

"As a long-established provider of temporary cold rooms in the UK, the Ice House ethos of quality, service and reliability, compliments the values and standards of Arena," said CEO Grahame Muir.

"For our Well Dressed Tables division, this develops the portfolio of products available to clients, making it truly a 'one stop' supplier.

"This is a fantastic acquisition for the Group and we are confident it will further cement our position as a market leader in providing the highest quality turnkey services to the event market."

Tom Scott, managing director of Ice House Rentals, said joining Arena would provides his firm with a "real sense of pride".

"To become part of a public company is a validation of the work we have done, providing security of supply for our clients well into the next decade.

"We look forward to growing our business under the Arena umbrella."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARE Market Data

Currency UK Pounds
Share Price 22.25p
Change Today 0.50p
% Change 2.30 %
52 Week High 40.25
52 Week Low 16.50
Volume 452,193
Shares Issued 152.71m
Market Cap £33.98m
RiskGrade 267

ARE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.23% above the market average26.23% above the market average26.23% above the market average26.23% above the market average26.23% above the market average
32.35% above the sector average32.35% above the sector average32.35% above the sector average32.35% above the sector average32.35% above the sector average
Price Trend
80.15% below the market average80.15% below the market average80.15% below the market average80.15% below the market average80.15% below the market average
81.08% below the sector average81.08% below the sector average81.08% below the sector average81.08% below the sector average81.08% below the sector average
Income
11.38% above the market average11.38% above the market average11.38% above the market average11.38% above the market average11.38% above the market average
6.98% above the sector average6.98% above the sector average6.98% above the sector average6.98% above the sector average6.98% above the sector average
Growth
51.13% above the market average51.13% above the market average51.13% above the market average51.13% above the market average51.13% above the market average
65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ARE Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 13-Jun-19
Paid 01-Nov-19 08-Jul-19
Amount 0.25p 1.00p

Trades for 21-Feb-2020

Time Volume / Share Price
17:06 5,000 @ 22.25p
16:48 13,303 @ 22.40p
16:48 11,697 @ 22.40p
15:19 29,984 @ 22.35p
14:53 11,246 @ 21.53p

ARE Key Personnel

CEO Gregory Malcolm Lawless
CFO Steve Trowbridge

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