Arena Events Group (ARE)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

19.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 72.50
  • 52 Week Low: 16.50
  • Currency: UK Pounds
  • Shares Issued: 152.71m
  • Volume: 5,120,960
  • Market Cap: £29.02m
  • RiskGrade: 533

Arena Events snaps up barriers specialist for £2.5m

By Duncan Ferris

Date: Thursday 21 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Event design and delivery business Arena Events Group on Thursday expanded its UK product portfolio with the acquisition of barrier and fencing company Events Solution Limited.
The AIM-traded company said the acquisition, which cost a total of £2.5m, will see Events Solution integrated into its UK business, allowing for the continuation of relationships with customers such as British Cycling, Live Nation, and various local councils and music festivals.

On closing the deal, £2.2m of the total consideration will be paid, with the remaining £0.3m to be paid over the following 12 months.

Event Solutions' core products include pedestrian barriers, Heras fencing, Met police barriers, as well as gantries and staging equipment.

Greg Lawless, chief executive of Arena Events, said: "Building on our recent UK acquisitions of specialist furniture hire company, GLD, and temporary refrigeration supplier Ice House Rentals, the addition of Events Solution adds yet another in-house capability to Arena. This diversification extends our offering to existing clients as well as attracting new clients to Arena's other services."

In the year ended 31 March, Events Solution generated revenue of £1.5m pre-tax profit of £0.4m.

While Events Solution will continue to operate out of its current Worksop base, a statement from Arena Events said the company intends to expand the business and also offer its products from the Arena Events hub in Cambridgeshire.

As of 0839 BST, Arena Events Group's shares were up 1.59% at 64p.

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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 19.00p
Change Today 0.50p
% Change 2.70 %
52 Week High 72.50
52 Week Low 16.50
Volume 5,120,960
Shares Issued 152.71m
Market Cap £29.02m
RiskGrade 533

ARE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.77% above the market average92.77% above the market average92.77% above the market average92.77% above the market average92.77% above the market average
65.79% above the sector average65.79% above the sector average65.79% above the sector average65.79% above the sector average65.79% above the sector average
Price Trend
90.5% below the market average90.5% below the market average90.5% below the market average90.5% below the market average90.5% below the market average
89.87% below the sector average89.87% below the sector average89.87% below the sector average89.87% below the sector average89.87% below the sector average
Income
94.53% above the market average94.53% above the market average94.53% above the market average94.53% above the market average94.53% above the market average
48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average
Growth
51.91% above the market average51.91% above the market average51.91% above the market average51.91% above the market average51.91% above the market average
66.23% above the sector average66.23% above the sector average66.23% above the sector average66.23% above the sector average66.23% 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 17-Sep-2019

Time Volume / Share Price
14:48 13,044 @ 18.26p
14:21 4,662 @ 18.23p
13:57 15,000 @ 19.15p
13:06 6,425 @ 18.85p
13:06 6,425 @ 19.15p

ARE Key Personnel

CEO Gregory Malcolm Lawless
Finance Director Piers Leigh Stuart Wilson
CEO Chris Morris

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