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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Arena Leisure - Horse racing group could could benefit from OFT rulings

October 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ARE
Shares in Arena, which owns a mixture of  horse racing businesses, have been a good performer recently following strong institutional buying. Arena's largest operation is the ownership of sixracecourses, which thanks to a big marketing push by the British Horse Racing Board (BHB) has been experiencing high attendance figures at meetings up and down the country.  Prospects are excellent becauseArena's courses are scheduled to increase their share of all UK races from  nearly 20% this year to  around 23% in 2004, after  bagging a large proportion of extra races planned by the BHB.    In many ways, Arena's business interests are a license to print money, a fact illustrated by Arena's operati ...

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Related Articles

Arena Leisure - OFT reforms not the dream scenario (August 2004)
Arena Leisure - Attheraces strikes new rights deal (June 2004)
Arena Leisure - Attheraces terminates agreement (May 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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