Gear4music (holdings) Share Discussion Threads

[discodave4] 15/3/2017 11:19

Got stopped out yesterday at 495 (bought 456) so a decent profit disappeared to just 9%.Now got s sb open to catch the bounce and get a bit more on the bank.Lesson - bank profits when overbought.DD

[pauliewonder] 15/3/2017 11:15

yep I've had a cheeky top up.

[thevaluehunter] 15/3/2017 11:04

Yep everyone is piling back in.

[pauliewonder] 15/3/2017 10:53

Good price action today. Not supporting your post Croas.

Im certainly not selling into the rise

[mark274] 15/3/2017 09:37

I agree. Knowing these BB favourites as soon as we get a bit of upwards pressure people will pile on.

[alphabeta4] 15/3/2017 09:31

Basically the RSI is in oversold territory and £5 has the potential to be a good psychological base. Some people like myself who have traded on the way down will re-enter at the cheaper price looking to benefit from the fearful sellers (some of which will also buy back once it starts going up on sellers remorse).

I'm now fully back to my old position. I can't say I made a great job of the fall but I did manage to save myself 50p of it. My initial target is £6 being Edison's March note when the price was £6.75 with them saying on the 2018-19 year there was a c2.5% discount to peers when 15% felt more appropriate. Beyond this I think their EPS forecast of 11.5p is too conservative as I think they are missing the margin benefit from further weakness in sterling and operational gearing (indeed they had to upgrade 20% back in January from miscalculating this).

FWIW this gives me two price targets - £6 and c£7.20, the latter being the EPS matching the 41% revenue increase to give 13.5p for the year vs the 11.5p broker forecast. I would expect the first to be hit in fairly short order.

[croasdalelfc] 15/3/2017 09:17

Evidence in the posts that any rise will be met with resistance from Sellers stung buy a 25% drop

[ali47fish] 15/3/2017 09:07

it s up a bit an interestingly a lot of buys - anyone can hazard aguess as to the reason- i hopr it holds!

[taurusthebear] 14/3/2017 22:02

Absolutely outrageous! Back to New Year levels. :0)

[jitters3] 14/3/2017 21:43

You're not alone might after wait a while for this one

[pauliewonder] 14/3/2017 19:57

Suetballs - same here. 25% down. Long term hold but it still hurts

[suetballs] 14/3/2017 19:30

Got my entry point wrong big time - 20% down in a week!
Suet

[mr.elbee] 14/3/2017 15:47

"I'd have a bit more confidence in those retracement levels if G4M had more "normal" volume patterns. It scaled the heights on very little volume".

That's what worries me about the whole of the last 6 months. Something funny about this stock.

[bamboo2] 14/3/2017 14:41

TTB, like the DB idea.

There's a potential apex based turn around 16th March.

My guess for a halt to the decline is around 444. This zone has good historical support. Could also see support from 150sma.

There is a chart pattern Bulkowski describes as the Vertical Run Down. This could turn out to be an example.

[taurusthebear] 14/3/2017 13:51

Only quarter of an hour late with that one... :0)

[thevaluehunter] 14/3/2017 13:41

croasdalelfc must be an Aussie because Australians wouldn't give a XXXX for anything else

[geheimnis2] 14/3/2017 13:33

no you dont!

[croasdalelfc] 14/3/2017 13:30

Nice one Disco - you have to be 50+ to appreciate that!

[discodave4] 14/3/2017 13:26

Castlemaine Beer!

[meijiman] 14/3/2017 13:23

We are all dyeing to know! Are you saying the ticker has four letters /?

[croasdalelfc] 14/3/2017 13:12

I sold all mine at 645 and 628 to buy into xxxx - I had a nagging doubt about top line growth slowing a little, tougher comparatives in the year ahead except for own brand skus and that the share price was very toppy with a PER of over 70 : Guess the share!Comparing Xxxx with G4M : similar market cap, similar growth (though one could argue G4M is slowing in U.K.), Xxxx with 7-8% net profit against 4.5% G4M.G4M EPS 11-12pXxxx EPS 9-10pG4m PER circa 50-70Xxxx PER circa 13-16

[thevaluehunter] 14/3/2017 13:05

6.2% ebitda margin seem good to me given that they are at an early stage of growing the business. As they scale up they will continue the advantage over the physical retailers as they don’t have to pay store staff, rent and rates and I would expect the overhead % to fall as buyers, finance, HR etc. stay as a relatively fixed cost. I don’t think it will go much below £5.

[taurusthebear] 14/3/2017 12:49

Nice double bottom for you to trade there, nurdin. :0)