Could be a significant amount of recovery optomism within the s/p. Plus side might be Chinese exported deflation but are there now buyers for such (previously pandemic supported) budget product? Academic budgets may be tight. Trading marketplace for used budget product is typically rather limited and the whole arena well served by other platforms at markedly lower cost. |
That's one way of looking at it. Now look at the 3 year chart.
Before you accuse me of de-ramping. I'm a long term holder here. |
Now trading at 2 year highs ahead of AGM on 6th September.
A classic recovery stock with pedal down for growth in sales in Europe, especially of higher margin own brand.
Costs likely to fall as platform development costs falling. |
Walked down Lendal in York city centre recently and saw that Banks music store (that closed down a while back) is about to open as a Thai restaurant.
York perhaps not typical - but it shows how traditional bricks & mortar retail is struggling.
People view town/city centres as destinations for experiences - they shop increasingly online. |
Button pressed on European sales growth in areas where there is least competition.
New second hand platform seeing huge growth potential for all those guitars,
amplifiers and drums bought during Covid. Little competition here also, |
Ultimately can't see the growth drivers overcoming the fact that most people purchased guitars etc. during the pandemic. Bit like bicycle purchases. Will stick this on the watchlist though to see how it plays out. Best of luck to holders |
" ...saw a vacancy for a sous chef? "
Perhaps the head chef is busy cooking the books? |
Is it tipped in Augusts edition please Hope for a lift tomorrow if so ? |
act remember info is for subscribers and you should not put the information here !!!! |
Office location probably requires a staff canteen not sure I view it as an extravagance probably gets you back to work quicker than going offsite |
Saw this tipped on SCSW. Had a rummage around their website and saw a vacancy for a sous chef? Their head office strikes me as a little small for an in-house catering team, no? I know it's odd to flag, but doesn't feel v cost savvy... perhaps good for employee retention. Weird that this popped out to me |
After months in the doldrums it's great to see this coming back to life : Fingers firmly crossed 🤞 |
Gear4Music now trading at a 2 year high and look at the chart.
The new Labour Government is promising to cut red tape for exports to Europe just as the company is flicking the switch to sales growth there.
A great recovery stock. |
Largest sale today £2000 Thanks for your input |
Switched to RNK [better change to capital gains] 4 brokers issued strong BUY |
the test for this one is to maitain the share price by the time it reports again which it has been failing to do |
Chart looking so good. Turning on the sales growth switch after considerable cost cutting of IT spend. |
Just missed out on this... i even moved my limit to 1.25 but still wasnt filled. Extremely hard to keep on top of things when you're on holiday. |
Hopefully another decent rise tomorrow as the herd catch up with the good news,,,,,,, |
Restarting sales growth in Europe now they know how to overcome the red tape.
Also price cutting from others seems to be over so G4M are happy to compete again. |
Progressive have 2026 EPS estimated at 20p, which is some uplift from prior years. |
So much more to come here Fantastic recovery situation |
Progressive note out
www.gear4musicplc.com/media/1338/g4m-moving-onto-the-front-foot-to-drive-profitable-sales-growth.pdf |
 More detail from Singers
Gear4music (Corporate). Has issued prelims and a positive growth strategy. On sales that declined 5%, adj EBITDA increased 34% to £9.9m or £7.8m pre-IFRS16, a 190bps margin uplift to 5.4%. Adj PBT improved £1.5m YoY to £1.1m (vs £0.4m loss LY) including a £0.2m non-cash FX charge. Given further progress was also made optimising w/c, with stock down £9m (25%), G4M delivered a £4.5m cashflow beat versus expectations prior to the pre-close. ND reduced £7.2m YoY to £7.3m, and by £17m over 2 years. A great performance and it still retains >£7m freehold property. Enhancements to its tech platform and distribution network in the last couple of years have increased the group’s competitive advantage. Following decisive actions to also improve margin and efficiency, G4M is therefore well-placed for profitable growth, and has refreshed its growth plans. These are built around 1) Transforming its platform, with AI at its core, 2) Enhancing its product offerings, 3) diversifying its channels to market, and 4) Expanding its sales verticals. With a lot of the investment and changes having already been implemented, this gives G4M a clear and profitable growth runway. G4M is confident in delivering further improvements in performance. We make no change to Mar’25 forecasts, which assume >150% EPS growth underpinned by improved margins and cost initiatives, which only delivered a part-year effect last year. On balance we see potential risk to the upside. We have introduced Mar’26 forecasts, assuming 55% EPS growth driven by <4% sales growth and a 30bps EBITDA margin uplift to 6.4%. We expect G4M to have nil ND. We also give an illustration for Mar’27, outlining scope for 20p EPS (70% 3-year CAGR) and inflect to net cash (£5m). G4M trades on 3.3x EV/EBITDA reducing to just 2.7x next year, helped by the substantial ND reduction. After rolling forward a year, and using an unchanged multiple of 5.0x EV/EBITDA, our 12 month target price has been upgraded by 23% to 245p. This is the second upgrade in 2 months and still leaves plenty of room for future rating expansion as confidence in profitability, leverage and growth builds
Download Gear4music (G4M LN) - Turning up the volume – add to playlist - Buy |
Thank you Saracen3 |
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