Gear4music (holdings) Share Discussion Threads

[basem1] 27/10/2023 12:37

Just tried for more at 110 but no luck whatsoever

[saracen3] 27/10/2023 12:36

Good to see great recovery stock screaming buy competition getting destroyed.

[basem1] 27/10/2023 12:34

Another purchase from Richard I bet

[volsung] 27/10/2023 09:07

Worth a punt at 40p?

[basem1] 23/10/2023 07:28

Cannot be too many sellers left now you would think My position is too large to exit so I am hoping the buyers return The selling has been relentless for the last few sessions

[saracen3] 19/10/2023 07:28

More from Singers

When the UK no.1 issued an AGM update 6 weeks ago it said performance in the 1st 5 months had been in line with expectations and with its strategy, i.e. prioritising gross margin uplifts and costs reductions to improve profitability (ahead of less profitable revenue growth) and to increase trading agility. Today’s update re-iterates this. Good progress has made in H1 overall, with gross margin +80bps and a total of £4.0m annualised savings implemented during the half that will benefit H2 onwards, with a part year effect of c£2m expected this year and c£2m next year. We have estimated c£1.7m of this relates to opex (a >4% reduction) and c£2.3m to capitalised tech spend/capex (a c30% reduction). UK sales growth picked up to 3% in H1 (vs. 1.5% in H2) although sales in Europe and RoW were -15% against a strong comp, reflecting the internally planned prioritisation and the challenging macro conditions. Consistent with previous comments, G4M expects normal H2-weighted seasonality i.e. higher sales, a stronger mix of higher margin own brands (underpinned by recent developments/M&A) and economies of scale which are amplified by the latest cost actions. Given stock reductions last year, the H2 margin comp is soft too. Its recently launched pre-owned initiative is performing well and showing signs of being a long-term growth driver. We make no forecast changes. Per our Sept note, existing earnings forecasts could be delivered on lower sales, e.g. ‘flat sales’ via 20bps outperformance in both margins/costs. Pending details at the interims, assumption changes within our earnings forecast of at least that scale look possible, which should increase forecast confidence. On 13x P/E to Mar’25 or 4.0x EV/EBITDA (0.2x EV/sales), G4M remains GARP in our view given we continue to see scope for significant future profitable growth.

[saracen3] 19/10/2023 06:51

Singers comment

H1 update confirms progress on margin & efficiency


Good progress was made in H1 prioritising gross margin and cost reductions to enhance profitability in the current challenging backdrop. Annualised cash savings of £4m were made, c£1.7m (>4%) from opex and c£2.3m (c30%) from capex which, alongside lower stock, reinforces net debt reduction. Growing forecast confidence supports ongoing re-rating.

[saracen3] 19/10/2023 06:31

Singer confirms 182p target great recovery story

[davro] 19/10/2023 06:26

Good news on the £4.5m of cost savings. Fall in European sales a little worrying given the distribution centres set up to serve this market. I had forgotten the seasonality on the net debt so the increase shouldn’t be a worry. Need to see a decent update after Christmas before getting excited on this.

[ken chung] 19/10/2023 06:12

Revenues down.Lemmings and mushrooms only.

[davro] 18/10/2023 18:05

Would like to see net debt further reduced to less than £12m and gross margin back above 27%.
We’ll have to wait until the full interim results in November for the promised details on cost savings and margin improvements.

[ali47fish] 18/10/2023 14:21

hwow long will it take to get it back to 400

[saracen3] 18/10/2023 13:49

The last 6 weeks are generally a quiet time ahead of Black Friday and Xmas.

[basem1] 18/10/2023 13:45

Positive I would think given the comments just 6 weeks ago.

[ali47fish] 18/10/2023 13:33

so what are expecting tomorrow?

[basem1] 12/10/2023 16:10

I do not agree They would have to issue a holdings notice if more than 3-4% of the company was traded

[cirlbunting1] 12/10/2023 14:04

Float = shares outstanding - stagnant shares

[cirlbunting1] 12/10/2023 14:01

Thats not really free float. Some of those holders are considered active. I.e., they sell and buy the stock quite often and are active in the market (or lend shares). Take a look at "float methodology".

[saracen3] 12/10/2023 10:46

"Substantial ShareHolder Effective Date Shares Held %
"
"Andrew Wass 01/03/2023 4776993 22.77259%
"
"Liontrust Asset Management PLC 21/06/2023 3603133 17.17664%
"
"Richard Harpin 25/09/2023 1911289 9.11138%
"
"Fidelity International Ltd 01/03/2023 1515092 7.22266%
"
"Canaccord Genuity Wealth (Internationa... 01/03/2023 1059579 5.05116%
"
"AXA Investment Managers S.A. 01/03/2023 936496 4.46441%
"
"Octopus Investments Limited 01/03/2023 634018 3.02245%
"
"A J Bell Holdings Limited, Asset Manag... 01/03/2023 364782 1.73897%
"
"Jarvis Securities plc, Asset Managemen... 01/03/2023 363601 1.73334%
"
"Barclays Bank PLC, Wealth and Investme... 01/03/2023 355682 1.69559%
"
"HBOS Investment Fund Managers Limited 01/03/2023 293692 1.40007%
"
"Killik Asset Management 01/03/2023 236171 1.12586%
"
"HSBC Global Asset Management (UK) Limited 01/03/2023 229637 1.09471%
"
"Franklin Resources, Inc. 31/03/2023 185204 0.88289%
"
"Dean Murray 01/03/2023 167520 0.79859%
"
EFG Private Bank SA, Asset Management Arm 01/03/2023 127799 0.60924%


Free float aBOUT 30%

[cirlbunting1] 12/10/2023 10:08

Free float is 66.3%

[saracen3] 11/10/2023 07:40

Maybe friends of new 9% shareholder Richard Harpin following him in.

Only 30% free float so market makers struggling to find stock as holders can see

the recovery potential.

[saracen3] 10/10/2023 13:22

Market makers looking for stock.

[basem1] 10/10/2023 13:08

Classic pattern Nice to get rid of yesterdays sellers More hopeful on holding this current gain now

[volsung] 10/10/2023 13:04

Movin’ on up

[saracen3] 06/10/2023 11:45

Next update 19th October

Great recovery stock as reduced capex works straight to margins and the bottom

line.

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