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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gear4music (holdings) Plc | G4M | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 16.00 | 11.68% | 153.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 142.50 | 142.50 | 145.00 | 153.00 | 137.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 24/4/2024 09:45 by saracen3 New Progressive note todayhxxps://www.gear4mus |
Posted at 24/4/2024 08:22 by saracen3 Singer has new 199p targetGear4music (Buy) - has released its Y/E update today and it should be well received. Despite well-documented market challenges, marginal sales declines in Q4 mark an improvement on Q3 and both revenue/EBITDA are in line with expectations. More importantly, it made further progress reducing stock, afforded by cost savings. This drove a £4.5m FCF beat, halving ND to £7m and addressing a pivotal issue. Leverage is now <1x and it still retains £7m freehold. Good strategic progress has been made and profits are not market dependent. The board succession plan announced today looks orderly and should ensure a smooth transition. Ken Ford (CH) and Dean Murray (NED) are to step down after 9 years. Founder/CEO Andrew Wass moves to Exec Chair and Gareth Bevan (CCO) is promoted to CEO. He has 25 years’ industry experience and been with G4M for 12 years. Neil Catto (REVB, ex BOO) joins as NED/SID and the search for another suitable NED is underway. We say Buy on 3.6x EV/EBITDA, and the FCF beat feeds through to an upgraded 199p target price. |
Posted at 14/11/2023 07:31 by saracen3 House broker Singers reaffirms 182p targetGear4music (G4M LN) Follow to open report Retail | Corporate Client Mkt cap: £25.2m | CP: 120p | TP: 182p Margin expanding and FCF improving Gear4music has made good progress in H1 against its objective to establish a higher margin business by prioritising gross margins and reducing costs. PBT guidance has been re-iterated on lower sales, and capex savings see ND forecasts improve. Our target price is left unchanged for the time-being at 182p. This is based on 5.0x EV/EBITDA. Margin expansion, better FCF and lower ND, which are all pivotal issues, should support a higher multiple, though, even on lower sales which should increase market confidence in forecasts. We therefore remain at Buy. |
Posted at 10/11/2023 15:31 by darrin1471 ali47fish. My average was 107ish and I have held for 12 months. My normal target is to double over 4 years. Today you could make a case for 100's of shares doubling within 4 years. I'm trying to focus on those more likely to move first.I like the G4M business model, recovery potential and did like the growth potential of AV.com. A year ago I thought online only would bounce quickly. Today I do not see any online only turnaround within the next 6 months so I have moved on to pastures new. IMO G4M cutting costs and sacrificing sales for profitable margins is sensible but not the recipe for a quick turnaround. I have heard a couple of companies (CURY & ANG) say retail competition in the EU is fierce at the moment. I will watch G4M closely and hope to get back in before any upturn. |
Posted at 10/11/2023 10:19 by darrin1471 G4M is normally quite an illiquid stock outside of results. I have struggled in the past to get a price and have struggled to buy/sell without moving the price.Yesterday a buyer (7 x 25k at 111p to 112p) did not move the price but today the L2 spread moved from 105-115 on opening to 115-125 on limited volume. I was able to get 116-223 on dummy sells/buys |
Posted at 31/10/2023 09:25 by saracen3 Richard is based in York, like G4M, and must know the company well and be confidentof its prospects. Very encouraging top up. |
Posted at 19/10/2023 08:28 by saracen3 More from SingersWhen 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 |
Posted at 08/9/2023 09:49 by young scott Singers comment "far too cheap for the market no.1 and key consolidator" is a bit out of date. Given the split of their turnover G4M's market should be seen as Europe including the UK and not just UK. The market no 1 is Thomann and by a very long way. We can't even be sure that G4M is the UK market leader as Andertons and Thomann don't publish the relevant figures. Its also no longer a key consolidator. The days of G4M taking large chunks out of bricks and mortar retailers is largely job done several years ago. G4M diversified with the purchase of av.com partly in recognition of this.Today's announcement should be positively welcomed as a sign that things have stopped getting worse and they are now giving concentration to making a return on what they have. At the end of March they were still highly overstocked compared with pre-covid times so should have good availability over winter. Assuming that the Board expectations were in line with those of Progressive Research as published on the G4M website then they should be on target to make a small profit this year and next but still with a small net profit given the size of their turnover. Other than a bit of shoring up of the forecast nothing yet from the company to suggest much share price movement for a while. |
Posted at 08/9/2023 09:07 by darrin1471 "we are prioritising increasing gross margins and cost base reduction to improve profitability, ahead of revenue growth"There does not appear to be anything company specific to move the price up over the next few quarters. Online only retailers do appear to have a capacity to reduce costs in times of reduced growth. I still feel G4M has the opportunity to grow when the time is right. Now feels like a time to cut costs and preserve cash. We may need a change in sentiment in UK online retail to kickstart the G4M share price. I have reduced my G4M holding to a small "keep an eye on stake" |
Posted at 27/6/2023 15:19 by darrin1471 the G4M 200ma is currently 103p.G4M has not been above the 200ma since 11/2021 (900p) G4M has remained above the 100ma since 02/05/23 50/100/200ma are all currently between 95 & 103p The G4m share price appears well supported within this range. L2 looks becalmed. Buy orders 90-95. Sell orders 100-105. I tried a test buy today but could not get a price for £500 of stock. I was offered 97.75p for all the stock I had. Could be the calm before a storm. |
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