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Arena

August 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.

A meeting with London Clubs (48p), the operator of casinos in London and the provinces, served to remind us of the opportunities which will emerge from deregulation.  A notable feature of the presentation was the move to reposition its casino at 50 St James as a mid market casino, as the basis for a “repeatable†model in a deregulated market. It has recruited Robert Earl, creator of Planet Hollywood, to incorporate an enhanced entertainment and food offer in the 100,000 sq ft  listed building. Arena too is positioning itself to benefit from expected changes to the Gaming Act; its intention is to open a mid market casino at Wolverhampton  and repeat this at its other tracks.Tipped in Fe ...

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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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