Gear4music (holdings) Share Discussion Threads

[tattooed93] 19/10/2016 09:05

CAKE


1) well positioned, vertically integrated brands which straddle two growth markets and have plenty of runway for growth; 2) successful formats in a variety of guises and multiple routes to market; 3) strong and consistent cash flows to internally fund growth and an ungeared balance sheet with net cash of £8.9m; 4) no sizeable direct competitors; and 5) a highly experienced management team.

Target 450p

[lufc5] 18/10/2016 23:18

That just makes it more liquid. He still owns almost 40% of the co.

[che7win] 18/10/2016 22:48

Looks like the directors happy to cash in here.

[cfro] 18/10/2016 18:08

Andrew Wass share sale is tiny. He only sold 400k out of over 8m he holds. Still owns 39% of the company.

Key Capital selling, i agree, is totally expected and understandable given the nature of their business.

The key point is that these shares were very easily absorbed by the market. Another point is that with Key Capital only having 800k left and the directors likely satisfied with what they hold, there is unlikely to be many more large sellers in the market for a while.

[kcr69] 18/10/2016 17:05

All good news re the directors selling some stock. No one can begrudge Andrew Wass pocketing over a £1m gross, I believe he only pays himself £175k a year gross which for a CEO of a company growing as quickly as this is peanuts.

Really looking forward to finding out who picked up the majority of the other 4,000,000 shares today. Nothing against private equity holding shares but it isn't their gig to be long term investors in a public company, and good on them to fix the price and sell on such a positive news day as someone posted earlier.

[panic investor] 18/10/2016 16:49

Seen the same at ACSO - sold shares as there was demand from clients that needed satisfying - bet those shares this morning didn't see the light of day !

[ragehammer] 18/10/2016 16:31

Directors selling this morning: Andrew Wass (CEO) sold 400k (still owns 39%), a NED sold 75k and Key Capital Partners (associated with another NED) who had been top slicing before sold 2million. All at 300p. Price now 360p so the market swallowed it all up rather nicely considering that was over 12% of the company traded this morning.

[kcr69] 18/10/2016 15:41

No problem allstar4eva.

[kcr69] 18/10/2016 15:39

Heres wishing you a happy early christmas then!

[allstar4eva] 18/10/2016 15:36

It was a very useful post

[allstar4eva] 18/10/2016 15:36

Kcr hope you don't mind me posting your forecast again...

personal view which is slightly conservative but forms the basis of my own decisions are as follows

2016/17
Revenue - £61.1m (71.% yr, 155% 2 yrs)
Earnings - £2.6m - £2.8m
PE of 40 - share price £5.13 - £5.75 (by xmas 2016)

2017/18 Growth of 50% blanket
Revenue £90m
Earnings £4.2m - £4.5m
PE 40 - share price £8.33 - £9.00

A myriad of assumptions in all of the above but I guess you have to have a plan, even if it is reworked every other day.

Best wishes.

[johnyee 7] 18/10/2016 15:17

Not wishing my life away, I just like Christmas and all its trading updates,oh and mince pies.Tree shake again.

[kcr69] 18/10/2016 15:08

Johnyee 7, Now thats wishing your life away. However in all fairness for the past two years the second half has represented 63.9% and 64.8% respectively of full year revenue. And the sightly more frightening fact, in Europe, H2 has represented 67.3% and 69.4% respectively over the last two years. It just gets better.

[allstar4eva] 18/10/2016 15:01

Still cheap.

[johnyee 7] 18/10/2016 14:49

Bring on the Christmas update,second half is always better than first.

[kcr69] 18/10/2016 14:48

Fair point battlebus. Its just in this game when you have to endure so many shocking days, its nice to hear happy people on a rare good one!! Best wishes to you.

[battlebus2] 18/10/2016 14:42

Yes a great performance after the slow start, this one speaks for itself no need for posters :))

[johnyee 7] 18/10/2016 14:41

G4m near bottom of page

[kcr69] 18/10/2016 14:39

Very quiet on here given todays action. Hope everyone isn't busy selling shares??? Don't do it....this has miles to run....and in quick time.

Great day so far and nearly 25% of the company's shares now in the hands of keen new investors. I look forward to hearing which institutions are now on board as have to assume the majority of selling was Key Capital Partners.

Very exciting I think.

[franki8] 18/10/2016 14:38

can't believe this was almost 2% down this morning. What a bargain.

[johnyee 7] 18/10/2016 12:30

I expect the press will pick up on these over the next week or two.

[cbootle] 18/10/2016 12:28

This is about online stores, not high street shops. There's some things Amazon don't do well, their mentality is not far from eBay.

They don't do serious sports gear well (OK for low end), letting Wiggle in. They don't do fashion well, see Boo. They don't do serious music gear well, hence the opening for G4M. Basically, if it requires expertise in choosing what to buy, Amazon are weak.

[panic investor] 18/10/2016 12:15

Daft post of the day imho

[mr.elbee] 18/10/2016 12:12

Good luck to all of you but frankly I am amazed since many music retailers are closing right left and centre ...perhaps it is because everyone on the Board, except the CEO, havent a clue about music.. That's the secret.