Share Name Share Symbol Market Type Share ISIN Share Description
Gear4Music LSE:G4M London Ordinary Share GB00BW9PJQ87 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.00p +0.57% 705.00p 700.00p 710.00p 705.00p 703.00p 703.00p 6,671 08:04:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 56.1 2.6 11.5 61.3 147.11

Gear4Music Share Discussion Threads

Showing 1576 to 1600 of 1600 messages
Chat Pages: 64  63  62  61  60  59  58  57  56  55  54  53  Older
DateSubjectAuthorDiscuss
19/1/2018
12:06
rathlindri Jan '18 - 08:12 - 7919 of 7926 (Filtered) rathlindri Jan '18 - 09:43 - 7922 of 7926 (Filtered) rathlindri Jan '18 - 09:55 - 7924 of 7926 (Filtered)
quepassa
19/1/2018
09:24
g4m taking off
onjohn
17/1/2018
16:32
Alba's info is from today's buy note by Peel Hunt I think. Some hefty buys today
rathlindri
17/1/2018
15:03
alba- you dont indicate which analyst/ broker this emenates from or the date
ali47fish
17/1/2018
14:55
“Stairway to Heaven. Gear4Music (G4M), the online musical instrument and equipment retailer, continues to go from strength to strength, growing sales rapidly and winning market share. UK excellence is being exported and overseas sales will soon be in the majority, helped by two recently-built DCs on the Continent. G4M’s customer proposition is strong and conversion rates and AOV continue to rise, with more still being invested to aid further growth. There is profit sanity too: G4M could run high single digit EBITDA margins in time, and that potential makes the shares look extremely cheap. Currently, they trade on little more than 1x cal 2019 sales. Given the global sales opportunity and potential to also grow the bottom line (EPS could double 2018- 20E), we only have to target a multiple of 1.5x (sub-sector average) to get to four figures. We initiate with a Buy.”
albanyvillas
17/1/2018
14:43
broker target ten quid i think
albanyvillas
17/1/2018
08:51
https://www.brrmedia.co.uk/broadcasts-embed/59ccc91fd3499607883854c8/event/?livelink=true
roscodagama
17/1/2018
08:48
hTtp://investing.thisismoney.co.uk/broker-views/
deltrotter
17/1/2018
08:48
Peel Hunt initiate with a £10 target....
deltrotter
17/1/2018
08:47
Some welcome activity this morning
rathlindri
12/1/2018
07:31
Yes - banking a few profits hpefully and nothing more worrying? Suet
suetballs
12/1/2018
07:21
old mutual reduces
ali47fish
10/1/2018
10:23
ignoble Thank you. A subject close to my heart away from the hurly burly. Where to begin...
fabius1
10/1/2018
01:49
Enjoyed reading your thoughts , Fab Very difficult business retailing quality instruments these days. Gibson and Fender sales have been in decline for some years . Music has changed , I grew up in an age where we all had guitar heroes and we tried to play like them. Not too many modern bands playing instruments these days. Rather sad ....
ignoble
09/1/2018
23:18
Walter. Funny thing but I was on their website today and spoke with the sales team as a potential customer. I have decided to buy direct from Yamaha for a number of reasons, the most important being that if I visit their store in London I can chose my own instrument from stock which will then be setup and strung to my taste, none of which is available on a 'pile it high' internet site and what is more, at a competitive price with full backup. It is worth noting that there is a wider read across for the discerning concerning some high street operations in certain areas of the retail sector. Back to business. I read your analysis. I would say you have it more or less covered. The music business is littered with a history of boom and bust. Thomann are big in Germany and with good reason. They are a better quality outfit than Gear4music but also have their own budget brands. Musicstore, also in Germany, are similar and second in line. I believe they are both privately owned. Musicstore took over Digital Village 24/7 in the UK a few years ago who were really struggling and promptly closed down every branch except for the main one in Romford. Net result was that they scooped the pool for a large chunk of trade. They all more or less play the same game, the game that all retail internet outlets tend to play which is wafer thin margins in the main and minimal stock levels based on the 'Just in Time' philosophy which of course places greater costs on the main suppliers in exchange for tighter profit margins. Amazon of course have perfected the art and are the blueprint of blueprints but the difference is they sell everything under the sun. The main driver for the music retail business has been cheap but relatively good quality instruments from the Far East, notably China to the extent that household brands like Fender and Gibson now have their budget brands manufactured by Far Eastern outfits to high tolerances. Precision manufacturing is the name of the game but you have to ask yourself how many Fender & Gibson guitar copies does the world need or want for that matter. All part of the current deflationary cycle of consumerism from East to West but at what cost and for how long. If that dam breaks then Gear4Music will probably be first in line.
fabius1
06/1/2018
09:52
Nice points made. I read on the Stockopedia blog that Paul Scott talked about economies of scale. In addition of what I have written, I think G4M wants to emulate what Rightmove did in the property sector if so they want to be the market leader in online musical instruments. But as Graham eluded in his coverage that G4M valuation is priced in for the next three years. I would put G4M on my watchlist until they release their final results. Investors should begin to look for improvement in gross margin and operating margin for signs of growing competitiveness as they eat more of the cake. The logic here is if G4M takes more market share they should some leverage in negotiating pricing and take advantage of any bulk discount coming their way.
walbrock82
05/1/2018
14:17
Anyway good discussion - overall I'm content to hold what I have left and see how they get on. I understand why newcomers might be nervous entering at this point though. I'm hopeful that they will surprise on the upside on both revenue and profitability in the next financial year, which starts shortly.
hydrus
05/1/2018
14:13
Hi Walbrock 'Sales growth is impressive but the rate of growth is lower than last year 55%, this is because of the business getting larger.'My reading of it is that UK growth is lower because it's relatively mature (although still impressive at 25%), whilst RoW/Europe is now ramping up and offers a much larger market to go for. I don't think the size of the business will impact growth outside the UK for quite a while. Interesting points on the website. Sounds like there is room for improvement. No doubt some jitters today which is to be expected I guess.
hydrus
05/1/2018
13:42
G4M advertise in 'Guitar' magazine - but there are others too - I personally think that the G4M website is not the best - guitarguitar.co.uk is a much more rewarding site to navigate. Then there is also GAK and Thomann along with Andertons amongst others - all big advertisers to attract business. But I guess G4M are after rapid expansion maybe - but talking to the guys in PMT (also online) it is bit of a cut-throat business. I can remember the days when music shops seemed to come and go on a regular basis, some of them quite big operators. Maybe there will be some consolidation?
dixi
05/1/2018
13:11
After reading their trading update, I conclude the following: Sales growth is impressive but the rate of growth is lower than last year 55%, this is because of the business getting larger. But early investors of G4M have made some great gains, but I feel the next two to three years will be testing period for the online seller. There is one nagging concern that I have with G4M and that is the lack of profitability. Brokers forecast for 2018 is £2.11m in net profit, rising to £3.69m by 2020. If that’s the case, then expect the share price to fall to £4 per share. However, if you are a believer that earnings will smash expectations. And assuming it makes £10m by 2020. Then the share price outlook is completely different. Expect the shares to trade between £22.50 and £32.50 per share. To find out why a difference between £3.69m profit and £10m leads to such a high variation find out here: http://bit.ly/2CIAYSj
walbrock82
05/1/2018
12:23
Interesting rant, very good points toffeeman. However, I suspect they do read BBs - they are active in promoting the fact that they are on AIM - they have a link on their front page to their investor website. They tell us in advance when to expect trading updates etc. So I suspect the company directors are very keen to see the value of their own shares rise. No reason to think they are not lurking here. They have a mailing list, but as you say, untargeted. Just checked my emails and have them fortnightly since 2010 ;-)
cbootle
05/1/2018
11:36
If only we knew the answer to that! Looking at the trades there would appear to have been a lot of buyers relative to sellers. I'm left thinking there must be a large seller somewhere, probably appear at close of play.
mrx001
05/1/2018
11:13
Interesting that a positive trading update, confirming bullish expectations, has not resulted in any change of share price by 11.00am. Mr Market's expectations were obviously totally aligned to the update, or is there a positive correction due as news spreads?
caterham88
05/1/2018
10:23
I think market share is pretty meaningless. What matters is the number and growth of active customers. So they key here is getting people to the website, the more visitors, the more conversions and the more conversions the more repeat sales (it's called Double Jeopardy in marketing) - the current numbers are good but not stupendous. Why for example are they nowhere on hxxp://www.mma-online.org.uk/ or hxxps://www.musicteachers.co.uk/ Then they need to implement some fairly low level AI to increase the purchase rate of existing (individual) customers e.g. a customer who purchased a recorder needs an email x months later with a link to clarinets. They also need to gather better data on family size age of children and their musical interests for better targetting. If the average order size is c. £125 they can spend a bit on data fusion. Rant over - pointless as the company don't read BBs!
toffeeman
05/1/2018
10:08
Extrader, you are of course correct that there is no mention of margins, Stocko advises the margin as 2.67 but then the ticket items are of larger value. I'm still going on growing online sales and expecting margin to improve as they gain market share.
mrx001
Chat Pages: 64  63  62  61  60  59  58  57  56  55  54  53  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20180123 10:10:17