“Arena Events Group plc (AIM: ARE), is pleased to announce that it has completed the installation of the largest single temporary hospitality structure ever installed in Japan”. However, it’s an RNS Reach announcement…
A “Trading Update” from “provider of temporary physical structures, seating, ice rinks, furniture and interiors”, Arena Events (ARE) includes in its first paragraph; “The group experienced strong revenue growth across the UK, US and Middle East divisions with the acquisitions contributing as expected”. The shares have though responded to the update… currently more than 30% lower on the day, at around 40p! Hmmm…
Hello Share Surfers. As the snow flies here in the grim north, and we all want to stay inside, I turn ironically to a company which relies mostly on the popularity of activities outdoors. Arena Events (ARE) only appeared on AIM in July. The launch price was 55p. Now the share is 63p.
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