Gear4music (holdings) Share Discussion Threads

[bones] 19/3/2019 18:28

CT, I think those holdings forms were designed by someone who was blindfolded at the time!

[cooltools] 19/3/2019 18:13

Thanks Bones, stand corrected.

On the RNS, the 21M was adjacent to the 6%, but you're right, that's the total shares extant. 6% of 21M is 1.26M.

Cheers!

[bones] 19/3/2019 16:39

Cooltools, 1,269,789 shares, not 21M.

[cooltools] 19/3/2019 16:04

Nice vote of confidence, T B Amati Investment Fund going from 4.75% to 6.06%, nearly 21 million shares.

[rp19] 19/3/2019 12:38

They have changed their year end to 31 March, so perhaps an update in April.

[mjmp1] 19/3/2019 12:23

Last year, there were 2 trading updates, 5th Jan and 6th March 2018. The final results came out on 15 May 2018. This year, one trading update on 4th Jan 2019 "for the four months from 1 September 2018 to 31 December 2018", when the Share Price dived.

The financial year end is 28 Feb 2019. There may be a trading update coming soon. Results usually out in May in the past years.

[ali47fish] 17/3/2019 13:33

anyone knows when the next update is?

[luckymouse] 07/3/2019 00:34

Gnome3 - huh?

[nicksig] 04/3/2019 10:41

Just an update on my drum kit as I know you will all be desperate to know. It seems that the G4M website wasn't compatible with my Safari browser so I went to the actual shop in York. Wow, that is some place. I've now got the drum kit set up and it is an excellent product. Just looks to me like they need to work a bit harder at their online presence

[gnome3] 01/3/2019 00:21

Yeah, I've spotted it Lucky Mouse. You're the one holding it. :-)

[luckymouse] 28/2/2019 16:29

spot the short lol

[onjohn] 25/2/2019 06:08

Yay20p max value here


Tha would be a PE of 20x ffs

[nicksig] 23/2/2019 17:32

Well after 30 mins of trying to set up a new account online and buy my son a drum kit I gave up. Nothing worked properly and some of the links were to the wrong products. Absolutely dire. I have no position here and won't be taking one

[dan_the_epic] 15/2/2019 21:12

Not exactly showing strength

[fillipe] 15/2/2019 15:14

Falling with ease, on relatively very small.

f

[tomjones8] 15/2/2019 13:51

God willing it gets to 20p. I will bid for the whole company then.

[onjohn] 15/2/2019 13:27

20p max value here


Tha would be a PE of 20x ffs

[toffeeman] 14/2/2019 17:46

Well - wouldn't you if you could?!

[rambutan2] 13/2/2019 20:03

Noted comment in THRG (managed by Blackrock) monthly fact sheet:

The largest stock specific detractors during the month were Gear4Music and Hiscox. Gear4music is the UK’s leading online retailer of musical instruments, a company that has consistently demonstrated very strong profitable sales growth. The update in January revealed further impressive sales growth, but at the expense of gross margin due to irrational competitor pricing and Gear4music’s desire to maintain share with the strategic view that their scale will enable them to recover gross margins in the future. This was a disappointing update, especially as we had a very encouraging meeting with the Management recently and discussed the gross margin profile at length, and the shares reacted accordingly, falling c.65%. Insurer Hiscox fell during the month despite no stock specific newsflow. The shares were a relative outperformer during the fourth quarter, therefore we would attribute some of the fall to more of a style reversal, while strengthening sterling is also a headwind to the business which is heavily US focused.