Share Name Share Symbol Market Type Share ISIN Share Description
Gear4Music LSE:G4M London Ordinary Share GB00BW9PJQ87 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +21.00p +3.23% 671.00p 9,694 14:00:21
Bid Price Offer Price High Price Low Price Open Price
662.00p 680.00p 671.00p 650.00p 650.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 56.1 2.6 11.5 58.3 140.02

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Date Time Title Posts
09/8/201520:27Games 4 Music5

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Gear4Music (G4M) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-03-19 17:08:56671.007505,032.50O
2018-03-19 17:01:46667.4087580.64O
2018-03-19 16:30:44679.00146991.34O
2018-03-19 14:19:32667.401,0006,674.00O
2018-03-19 14:00:21666.003582,384.28UT
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Gear4Music Daily Update: Gear4Music is listed in the General Retailers sector of the London Stock Exchange with ticker G4M. The last closing price for Gear4Music was 650p.
Gear4Music has a 4 week average price of 630p and a 12 week average price of 575p.
The 1 year high share price is 886p while the 1 year low share price is currently 505.50p.
There are currently 20,867,121 shares in issue and the average daily traded volume is 8,376 shares. The market capitalisation of Gear4Music is £140,018,381.91.
slopsjon2: Edison Note. Gear4music Holdings - Robust finish and forward momentum Gear4music Holdings (G4M) finished the year in robust style, with 43% revenue growth. While marginally below our forecast, this represents good momentum going into FY19, where we only forecast 27%. While continued investment in scale means costs remain at planned levels, resulting in a pause in FY18 earnings growth, prospects for further market share gains remain bright and we see the current share price as below fair value. EPS forecasts adjusted from 10p to 7.3p fy18 and 13.3 to 12.5 fy19
walbrock82: 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:
caterham88: 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?
adamb1978: Not remotely bothered by the short term fall in the share price as its peanuts in the context of things for long-term holders. The stand-alone business-as-usual case looks attractive and that's before you factor in any market entry into the US (which could multiply things several-fold) and also obviously when Amazon come calling and make an offer for the company. G4M has to be on their list of targets you'd have thought
bamboo2: ali, the recent fall in share price [sp] makes a what is known as a flag pole or staff. Where the fall [or rise] stops there is often a consolidation zone, where the price is range bound for a short time. When the price breaks out of this trading range, one way or the other, we can then calculate a likely target price [and direction] for the next move. Sometimes this consolidation zone is only a few sessions in duration. This is called a half staff. There are quite a few resources online to gen up on charts if you want to learn more.
pj 1: Roofer212 Apr '17 - 20:15 - 1149 of 1149 0 1 Great to see G4M share price doing so well, I didn't know they was a listed company only just seen this thread on advfn. gla R2 ================================================================================= They still 'are' a listed Company, not 'was'. As I'm sure you are fully well aware....
roofer2: Great to see G4M share price doing so well, I didn't know G4M was a listed company, only just seen this thread on advfn. gla ( critics, it's a lot easier on a laptop, not so on an iPhone with my eyes !! Gla ) R2
paulypilot: A mate of mine in the city told me last week that there's a lot of Institutional & analyst interest in Gear4Music. This follows several successful site visits to York, where apparently people were very impressed with the way the company is organised - e.g. multilingual customer support, and expansion plans. Also, the penny has dropped that, despite the huge rise in share price, G4M is not expensive when compared with other eCommerce shares when they were achieving similar growth rates. I've seen some jaw-dropping suggestions of what this share could be worth, in an analyst note which went round late last week. Personally, I had intended holding until say £10/share and then top-slicing, but that would only be a £200m mkt cap. Given that sales of c.£100m/per annum are already on the horizon, and that the company is planning capacity growth way beyond that, then it's anyone's guess where the market cap could be heading. A range of PSR of between 2 to 5 is being mooted in the City. This suggests that a market cap of £400m+ is possible in the next year or two. Maybe more. So £20/share or more. I'm not saying that is necessarily right, but as Taurus says above, other people set the rules, and that's how the market is valuing successful eCommerce companies now, and has been for years actually. These stocks are not valued on a PER basis. It's all about top line growth, gaining market share, then increasing margins once the business is more mature. Anyway, exciting times. Getting into a tightly held growth stock, where Instis are keen to buy, is a very nice situation to be in. That's where we are right now, so personally I don't see any reason to top slice any. The downside risk is obviously if something goes wrong operationally, and there's a sharp fall in the growth rate. As we saw with BOO in early 2015, that halved the share price almost instantly. I don't want to alarm anybody, but we have to be mindful of the downside risk, which could also happen here if something were to go wrong. Hopefully it won't! Regards, Paul.
ksharlandjiev: From the same link from 728: "While the share price has risen by a factor of four since we initiated in May 2016, it still stands at a discount to larger UK pure-play e-tail peers." G4M’s share price has risen by a factor of four since we initiated in May 2016. Yet it still stands at a significant discount to larger, pure-play online peers: in fact a discount level of 20% would indicate a share price of 536p. This puts G4M on much higher multiples than UK small-cap peers, but we see this as justified by its higher growth characteristics. Indeed, taking into account relative growth, reflected by the PEG ratio, the shares could be priced at 651p, a calendar 2017 P/E of 58.6x.
kcr69: No doubt about it, a great set of results with earnings at £750m (eps 3.7p), pretty close to my mid level estimate of £779m. On that basis, and given the positivity of the outlook update, it would suggest full year 2016 / 17 earnings will be around the £2.5m mark, rating the current share price on a slightly ridiculous PE multiple of only 25 times for a business with 2 year growth prospects well in advance of 50%. I still believe a forward earnings multiple of 40 is extremely conservative for the business and maintain a belief that a share price of £4.50 - £5.50 will be seen by Xmas 2016, if not in the coming days and weeks, irrelevant of what happens with the share price today. With an initial stab at 2017/18 earnings at £3.5 - £4.0m a share price heading towards £8 by end of 2017 looks completely reasonable. @paulypilot. Paul, I believe you said that you are seeing the management team today. Two points from me with regard to the interims if you get the opportunity. Gross margin at 26.6% was a full 1% higher than H2 2015/16. Would be good to understand if this is solely currency driven or backed by more fundamental actions. Labour costs increased by £200k (approx 13%) from H2 2015/16 on approximately the same revenue. While this is clearly part of the growth strategy, it would be good to understand more about future labour cost growth and the upper limit as a % of revenue that is being targeted. All in all, the story remains as strong as ever and I remain hugely bullish. Best wishes all.
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