Gear4music (holdings) Share Discussion Threads

[johndoe23] 23/10/2020 10:24

Yes, superb growth here. Can't bring myself to invest at this multiple though!

[saracen3] 22/10/2020 12:51

Have quadrupled this year so some inevitable profit taking.

Outstanding growth story.

[largemerlot] 22/10/2020 12:50

The share price will take care of itself.
Significantly positive earnings momentum - soundly based on both revenue growth and margin development - will see a continued rerating here.Ultimately a smaller addressable market but this is ASOS in 2009 - and whisper it - with a better platform.
This will be comfortably above £10 by year end.

[rathlindri] 22/10/2020 12:29

Rather muted reaction today. Perhaps the results on 17/11 will have the desired effect?

[babbler] 22/10/2020 12:15

Still surprising no real rise. But better than big spike and fall I guess.

[rizler] 22/10/2020 09:43

Wouldn't worry about the market reaction. Have a look at the longer charts. It tends to catchup. Important thing is momentum has continued. Sales across all regions have increased with increased margins.

[rizler] 22/10/2020 09:41

Agree. Excellent update. Plenty of upside going into the busy Christmas period too.

[gnome3] 22/10/2020 08:42

Great update this morning. With first half revenues already accounting for nearly half the full year estimates, the heavily weighted second half is looking likely to smash estimates. Bizarre share price action this morning. This looks like a great buying opportunity.

[iandippie] 22/10/2020 08:39

Any chance you could post a link the Singer upgrade?

[babbler] 22/10/2020 08:04

Yet people sell... Lol.

[hastings] 22/10/2020 07:57

Singer increases EBITDA by 16% and suggests intrinsic value of £11.60p.

[hastings] 22/10/2020 07:50

Not bad eh Mas;

[masurenguy] 22/10/2020 07:46

Sensational !

Trading update for the six months to 30 September 2020.

£m 6 months to 30 6 months to % change
30 September 2020 30 September 2019
UK sales £36.7 £24.8 +48%
---------------- -------------- ---------
European and Rest of the World sales
£33.5 £24.6 +36%
---------------- -------------- ---------
Total sales £70.2 £49.4 +42%
---------------- -------------- ---------

Highlights

-- Total sales growth of 42% to GBP70.2m (FY20 H1: GBP49.4m)
-- Gross margin improved by 330bps to 28.5% (FY20 H1: 25.2%; FY19 H1: 22.7%)
-- Gross profit increased by 60% from GBP12.5m in FY20 H1, to GBP20.0m
-- Strong momentum has continued into October ahead of our traditional Christmas peak season.

[babbler] 22/10/2020 07:38

Smashed it.

[iandippie] 22/10/2020 07:24

Music to my ears! Surely massive broker upgrades to follow?

[saracen3] 22/10/2020 07:22

Upgrades coming

[geheimnis2] 22/10/2020 07:16

Lovely stuff!

G2 x

[hastings] 22/10/2020 07:08

Superb update this morning from G4M, revenue for first six months up 42% and momentum continues.

[largemerlot] 19/10/2020 17:55

Given the structural positives and operational competitive advantage here I see no reason why targeting 2x sales and a forward multiple of 25x isn’t valid.
42p of earnings Y+2 - so north of £10 for me as a starting point.
This is really good.

[saracen3] 19/10/2020 17:31

Trading update this Thursday and then interims due on 17th November.

Looking for 30p eps this year rising to 36p next year so still really cheap compared
to other onliners who have lower margins.

The Management are young and keen and have learnt from past mistakes.

With only 7% of UK market and under 2% of European market they have plenty of room to grow sales.

[hastings] 19/10/2020 17:02

Nice finish today!

[aimingupward2] 12/10/2020 15:50

Click on the 2year graph, above, and then bring up the 5yr one. 850p looks a very realistic short term possibility.

[rathlindri] 12/10/2020 13:31

Graph is great to watch at the minute

[glavey] 12/10/2020 05:51

If you say so.

[saracen3] 11/10/2020 02:16

Earnings of 30p per share likely so PE of 22 falling to 16 year after. Very cheap for such growth and potential.