Arena's planned £9.5m share placing will substantially strengthen its balance sheet and, together with various cost saving measures being undertaken, should help to see the company through the coronavirus crisis for the foreseeable future. Given the uncertainty around how long it will take before normal event scheduling resumes, we withdraw our forecasts and place our rating Under Review, which we will revisit once visibility improves.
27 Mar 2020
Cenkos: Arena Events Group Plc -- Equity placing to fortify the balance sheet
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Cenkos: Arena Events Group Plc -- Equity placing to fortify the balance sheet
- Published:
27 Mar 2020 -
Author:
Peter Renton -
Pages:
5
Arena's planned £9.5m share placing will substantially strengthen its balance sheet and, together with various cost saving measures being undertaken, should help to see the company through the coronavirus crisis for the foreseeable future. Given the uncertainty around how long it will take before normal event scheduling resumes, we withdraw our forecasts and place our rating Under Review, which we will revisit once visibility improves.