Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Gear4music (holdings) Plc LSE:G4M London Ordinary Share GB00BW9PJQ87 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 920.00 900.00 940.00 925.00 900.00 925.00 2,173 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 120.3 3.1 12.4 74.2 192

Gear4music (holdings) Share Discussion Threads

Showing 2676 to 2698 of 2950 messages
Chat Pages: 118  117  116  115  114  113  112  111  110  109  108  107  Older
DateSubjectAuthorDiscuss
17/11/2020
17:18
I wouldn’t fret too much over the margin profile short/medium term.The levers the company can pull are significant.Volume efficiencies ,greater own label penetration(higher gross up 570bps at interims and on a trend) and the continue move to mobile all bodes well.There will be an element of reinvestment to drive volumes and share gains but most online retailers would chew an arm off to have the levers of G4M. Acquisition risk is more of an issue for me given management ambitions but reassuring comments on how cautious they will be.All good and onward and upward.
largemerlot
17/11/2020
15:49
Covered in Investor's Champion's latest update. Great results but those margins remain a worry...
energeticbacker
17/11/2020
14:46
Thanks Guys really helpful Am "meeting" the Co tomorrow . Will update later.
saracen3
17/11/2020
14:22
Thanks for that up-to-date insight Martin. In addition to your own feedback from the company, I was also very interested in the current views from the two covering brokers. "N+1 Singer is today forecasting revenue coming out at £145m with EBITDA of £13.7m and adjusted pre-tax profits of £8.5m providing EPS of 33.7p. At the current price that puts the stock on a PER of 21, but the broker does highlight risk to the upside in H2 revenue (+5%) and EBITDA margin (5.9%) assumptions on good execution over the remainder of the year. Peel Hunt which also covers the stock adds further on this area in that whilst conditions are not going to be as favourable in FY22 as they were in FY21, G4M’s relative position is a very strong one and its growth prospects are impressive. The underlying market is growing steadily and shifting online, and G4M has the depth of pockets, the technological capability and the relationships with suppliers to make sure it continues to take full advantage. They add that "If we think of G4M as a retailer with £150m of sales growing at 20% pa, with stable high single-digit margins, we don’t think it’s too much of a stretch to hope for 1x sales and that would imply 825p as a target price. Even that lacks a bit of imagination".
masurenguy
17/11/2020
13:30
Thanks for sharing Hastings, excellent write up!
davro
17/11/2020
13:16
From this morning following speaking with management.Https://martinflitton1.wixsite.com/privatepunter/post/g4m-hitting-the-right-notes-17-11-20
hastings
17/11/2020
12:23
Agreed davro
nfs
17/11/2020
12:21
Really interesting to review how Andrew Wass has worded recent RNS statements. In June we were told of “exceptionally strong trading” in July this was updated to “strong trading” which was used again in September and October releases and this morning we were told trading continues to be “very strong”. Simplistically quantifying what this means in terms of revenue growth: “exceptionally strong” = 68% (as seen by growth in Q1) “Strong” = 21% (growth in Q2) The question is what does “very strong” equal? Best guess halfway between the two so let’s call it 40%. If we do see revenue growth for the key Christmas period at 40% it’s hard to see how eps won’t exceed 50p for the full year. Surprised by the muted reaction today given the exceptional results but it matters little, the price will have a long way to catch up with the rapidly improving earnings. For me this remains a strong buy both for the short and medium term.
davro
17/11/2020
10:40
Congrats to holder who bought in earlier this year on this and have made a killing. I previous held a few years ago and managed to get lucky with timing my sale near the previous peak making good money. However I didnt see these results coming at all so have stayed clear this year - in particular I didnt anticipate at all the extent to which they've managed to increase margins - changes the valuation proposition completely. The main thing which I'm trying to now debate is how much they have benefitted from covid and the extent to which there might be a growth reversion post-covid, if there is any at all. If you believe there is none and that they can grow at double digit rates from here, then I think there's still very good upside
adamb1978
17/11/2020
09:24
Obviously COVID has provided them with a boost this year but even afterwards they will still have an enormous advantage over the high street due to the range and depth of their product range that no physical retailer has the space to stock. Furthermore they will have built and even larger customer database which will result in more repeat business from them going forward. COVID may have given them a short term boost but the momentum should continue well beyond that scenario.
masurenguy
17/11/2020
09:16
Would be interesting to know how G4M see things when Covid is no longer impacting societal habits. As they say themselves, Covid has given them a great short term boost. How solid a base is the current level of business for future growth?
shanklin
17/11/2020
08:07
hxxp://www.gear4musicplc.com/media/1246/g4m_20201117-extraordinary-profits-in-extraordinary-times.pdf
saracen3
17/11/2020
07:49
I'm speaking with them in ten, so will pen something later.
hastings
17/11/2020
07:47
Agree Hastings. These upgrades are very conservative. I can't see how we won't get to around 45p this year. Moving into the peak Xmas season on the back of "very strong" momentum can only be good news.
gnome3
17/11/2020
07:41
might warn if vaccine comes out and growth slows as everyone goes partying im expecting a director dump this week
nobilis
17/11/2020
07:38
EPS upgraded to 33.7p and that may prove on the conservative side!
hastings
17/11/2020
07:36
Excellent set of results from #G4M. What stands out is, 1. A further upgrade from the recent Oct update,2. Prepared for Brexit,3. Higher margins achieved can be maintained in med term and 4. the significant cust growth to benefit in med to long term (not only a covid play)
saurish
17/11/2020
07:14
Yes, absolutely excellent and November is continuing to be very strong.
hastings
17/11/2020
07:12
WOW 70p eps possible PE of 20 = £14
saracen3
17/11/2020
07:10
Excellent results, this company really is on a roll, looking set for an excellent Christmas period...
davro
17/11/2020
07:09
Interim results for the six months ended 30 September 2020 Material improvement in H1 profits, strong trading continues leading to further upgrade Gear4music (Holdings) plc, today announces its unaudited financial results for the six months ended 30 September 2020 ("the Period"). · Revenue increased by £20.8m (42%) to £70.2m; Gross profit increased by £7.6m (61%) to £20.1m · Operating profit increased by £6.2m, EBITDA up by £6.5m (325%) from £2.0m to £8.5m · 403,000 new customers purchased during the Period, being a 52% increase on H1 FY20 · Very strong trading patterns have continued into November Commenting on the results, Andrew Wass, Chief Executive Officer said: "The material improvement in profitability we announce today reflects the excellent commercial and operational progress we have made during the last two years. COVID restrictions across Europe continue to accelerate our rate of sales growth, which alongside our previously stated strategies of improving gross margins and increasing operational efficiency, has resulted in record profitability during the six-month period. We expect the significant growth in new customers achieved during the Period will benefit the Group in both the medium and longer term, as more people appreciate the benefits that playing and creating music can bring. Alongside the challenges of COVID, Brexit will also bring new challenges to our industry, and we expect this combination of events will drive further consolidation within our market. Whilst it is difficult to predict every outcome of Brexit, after several years of planning we are well prepared for the required operational changes, with our European hubs and local courier networks underpinning our revised distribution strategy. I am pleased to report that trading into November continues to be very strong, and we are well positioned for what we expect to be a busy peak trading period ahead of us. We therefore expect that results for the financial year will now be ahead of the recently upgraded consensus market expectations. The Board remains focussed on prioritising profitable growth and continues to look forward with confidence over the medium term." Gear4music will issue a trading statement on 21 January 2021.
masurenguy
16/11/2020
14:19
Surprised there's not much more buying. Each to their own I suppose. Happy with my position here. Especially going into Christmas period
rizler
16/11/2020
13:25
rizler, yes, results in the morning
rathlindri
Chat Pages: 118  117  116  115  114  113  112  111  110  109  108  107  Older
ADVFN Advertorial
Your Recent History
LSE
G4M
Gear4music..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210511 07:31:26