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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% 890.00 870.00 910.00 915.00 890.00 890.00 5,441 08:00:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 120.3 3.1 12.4 71.8 186

Gear4music (holdings) Share Discussion Threads

Showing 2726 to 2749 of 2950 messages
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DateSubjectAuthorDiscuss
14/1/2021
12:37
hTTps://www.sharesmagazine.co.uk/news/shares/gear4music-shares-hit-all-time-high-on-strong-christmas-trading Shares in online musical instruments retailer Gear4Music (G4M:AIM) struck a positive note on Thursday, gaining 4% to 875p, a new all-time high, after saying it expected full-year results to be ahead of recently upgraded market expectations. FURTHER UPGRADES TO COME For the quarter to the end of December total revenues grew 30% to £52 million, with European and rest of the world sales jumping an impressive 51% while UK sales were 10% higher at £29 million. Full year EBITDA (earnings before interest, taxes, depreciation and amortisation) is now expected to be at least £16.5 million compared with £7.8 million reported last year. This is 32% higher than current analyst consensus estimates of £12.5 million, while revenues are expected to hit £150.2 million according to data provided by Refinitiv. Underlining the strength and momentum across the business consensus earnings per share estimates for 2021 have risen 150% since the lows in March 2020. SUSTAINABLE GROWTH Chief executive and founder Andrew Wass commented, ‘Notwithstanding what has been an exceptional period of trading since lockdowns began in March 2020, the board remains confident that the group is well resourced and positioned to deliver further growth.’ Growth was driven by products that can used at home including guitars, keyboards and home recording equipment. As social distancing measures start to get relaxed with the vaccine rollout, the company expects the live sound, drums and orchestral categories to return to stronger growth. Research group Progressive upped their EBITDA forecast by 23% to £16.6 million and said, ‘we continue to note that G4M’s growth prospects are underpinned by its many scale and competitive advantages.’
epicsurf
14/1/2021
09:46
Strong update again today, I love how understated the management are being but think this is contributing to the market still being behind the curve on this. I expect EPS to come in at around 55p for the year which gives us a PE of 16, way too cheap for the growth that we are seeing. We may have to wait for the post COVID world to see a substantial rerating though, seems to be a lot of caution on growth for next financial year given the very strong comparables. I think management have learned a lot of lessons in the last few years (particularly focussing on margin over sales growth) and current momentum will persist post lockdowns and vaccines. I’m very confident that patience will be further rewarded on this one.
davro
14/1/2021
08:35
Peel Hunt raises target to 1000p Gear4Music (Buy) Jump to the Beat Even if lockdowns 2 and 3 helped, sales and profit delivery are impressive and smash expectations. In Q3, group sales were up by 30%: any additional costs were well mitigated, operational gearing emerging such that there’s a 20% upgrade to EBITDA (outer years’ forecasts conservatively held). G4M is making the most of a helpful situation with others’ stores closed and its leadership online undisputed. Europe is clearly gaining pace (sales up 50% in Q3) and we see little reason for the underlying positive direction of travel to change. We raise the TP to 1000p from 825p to reflect an EV/sales in line with the online average. Jonathan.Pritchard@peelhunt.com, John.Stevenson@peelhunt.com Click here to see the note
saracen3
14/1/2021
08:25
Progressive research note and 2021 upgrades hxxps://www.gear4musicplc.com/pdf/Strong_Q3_sales_and_gross_margin_growth_14012021.pdf
saracen3
14/1/2021
07:55
Hastings, It appears that they've already exceeded the previous annual forecast with 3 months still to go. Looks like they've left plenty of room for further ahead announcements going forward. Very encouraging that profit margins continue to improve.
gnome3
14/1/2021
07:17
Trading Update out and full year expected to be ahead of previously raised forecasts.
hastings
12/1/2021
19:40
Saracen, it’s only a fortnight since they said 992p and only a couple of days since you told us that they’d raised that to 1089p. I wonder, what has made them add another 46p to their tp so very soon. They’re very likely to rethink it yet again after the company’s trading statement next week, so what can have prompted this latest change? Might it be that they have been impressed by Cannacord increasing their holding? Maybe not, but what else could account this sudden rethink?
aimingupward2
10/1/2021
17:09
Upward earnings momentum and a continued rerating - that’s all you need to know - and the statement on the 21st will confirm both. Onward 💪💪
largemerlot
10/1/2021
16:30
That’s as good a guess as anyone else’s, I suppose, saracen. At least it’s a whole number and not to three places of decimals, as it was last time. Why they have to indulge in this deceptive illusion of accuracy, goodness only knows. 1090p or ‘close to £11’ would do just fine.
aimingupward2
10/1/2021
12:55
It will take a couple of days for any RNS to appear, should it be institutional buying. So Tuesday probably. Should be an excellent trading update on the 21st, in Q4 there was Black Friday, Lockdown 2 and Xmas!!
johndoe23
10/1/2021
12:49
Walletinvestor raised one year target to 1089p. Could be there by end January.
saracen3
10/1/2021
10:21
how come they are not rnssed if they are chunky- which institutions are buying please!
ali47fish
09/1/2021
19:58
Clearly instutitional buying.
saracen3
09/1/2021
18:22
Some deep pockets there...
rathlindri
09/1/2021
12:19
83,500 placed with 5 buyers. Very encouraging ahead of trading update in 12 days.
saracen3
08/1/2021
09:44
Buying at the full ask of 860p. Can sell at 836p...
johndoe23
07/1/2021
10:00
Yes, and with a lot more justification this time, so even if it pauses, it’s not likely to stop there but go on to new a new ath.
aimingupward2
07/1/2021
09:21
Closing in on 860p, the ATH in the summer of 2017 ! 😊
masurenguy
07/1/2021
09:15
New high today. Got to feel sorry for the high street music shops who missed xmas trade and cannot even offload excess stock in a January sale.
saracen3
06/1/2021
12:24
Would guess £10 on the news and then higher on the upgrades.
saracen3
06/1/2021
12:17
Kicking on nicely this morning, where will it be come 21st of January I wonder?
rathlindri
05/1/2021
11:25
50p of earnings is only 16X which is cheap for a company growing so fast and competition from the High Street is falling every day. Brexit worries also are over.
saracen3
05/1/2021
11:07
It’s a virtual certainty that demand for musical instruments will increase as a result of the latest prolonged lockdown and school closures. Let’s hope that G4M are well stocked and able to meet the challenge. The trading statement and accompanying outlook, due on 21st Jan’, will now be awaited with even greater anticipation. As a result, it is likely that we shall see the share price moving up both before and after that. In spite of the steep rise since April, G4M shares are not on an duly high rating which might otherwise deter buyers.
aimingupward2
05/1/2021
08:10
I'd be surprised if we don't see further highs being achieved in the coming weeks, particularly given last night's news which although not surprising has already resulted in various businesses witnessing a sudden surge mirroring that of last year.
hastings
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