Gear4music (holdings) Share Discussion Threads

[cooltools] 01/4/2021 15:37

"The Group will provide a more detailed announcement regarding FY21 trading no later than 23 April 2021." - they reported on 23rd April last year (not 2nd April)

Last year: 18th March 2020:
The Group will, as previously announced, provide a trading update for the 12 months ending 31 March 2020 on 23 April 2020.

2nd April 2020 "Year-end Trading Update":
...we now expect profits for the financial year ended 31 March 2020 to be ahead of previous expectations...
The Group will, as previously announced, provide a more detailed trading update for the 12 months ended 31 March 2020 on 23 April 2020.

23rd April 2020 "Year-End Trading Update"
Total sales increased by 9% to £120.3m (FY19: £109.9m)
Gross margin improved by 310bps to 25.9% (FY19: 22.8%)
EBITDA not less than £7.0m (FY19: £2.3m)
...



I don't expect a teaser this year as they have already told us on 25th Feb 2021 an RNS giving higher than expected actual figures.

So expecting full trading update on Friday 23rd April 2021.

[largemerlot] 01/4/2021 11:18

2nd April last year - so I would have thought odds on it will be Tuesday

[rizler] 01/4/2021 10:13

Is update confirmed for next week?

[rathlindri] 30/3/2021 10:59

Hopefully some pre-update buying this week will nudge share price up

[saracen3] 30/3/2021 09:46

Update likely next week.

[hastings] 30/3/2021 09:38

Looking forward to the next update!

[rizler] 26/3/2021 12:13

I'm already in. Was wanting more but getting frustrated because whenever I tried just kept getting the unable to quote message. Thanks for the comments everyone.

[glavey] 26/3/2021 05:49

HF,
"But I reckon you’re long..."

Then you reckon incorrectly. :-)

[aimingupward2] 25/3/2021 16:51

Suggest you don’t worry too much rizler as, if this can make over 50p/share, then it’s on an historic p/e of a very modest 16 and the share price will certainly rise a good bit further. How often can you find that when eps quadruples from one year to the next? Remember, too, that they’ll be adding a profitable second hand instruments business to their turnover early next year.

Why on earth don’t Walletinvestor round off their tp to £12 ? However, I think that’s a fair target price for this time next year - a 50% uplift and pretty reliably achievable.

[hawfinch] 25/3/2021 16:45

@Shanklin had a limit of £7.2 for the past 2 months for 11k shares & it never fully/partially filled.

I use IB

[saracen3] 25/3/2021 16:42

Walletinvestor raises year end target to 1199p hxxps://walletinvestor.com/lse-stock-forecast/g4m-stock-prediction

[shanklin] 25/3/2021 16:29

rizler, but you have had about 2 months to buy it at 70p less. Were you really waiting until you had to pay 10% more?

[rizler] 25/3/2021 16:20

Ah can now. But jumped up 10p!

[rizler] 25/3/2021 16:18

Can't get a quote on hl. So annoying.

[aimingupward2] 25/3/2021 16:05

You’ll not get alerts for future posts; only posts already made!!

[laughton] 25/3/2021 15:56

Sorry for not saying anything but am a LTH and this is the only way I can see to get emailed alerts for future posts.

[saracen3] 25/3/2021 14:47

Earnings of about 54p per share and sales volume growth likely to remain strong as high street shops in UK and Europe are decimated by lockdown. Who can they compete with G4M selling 60,000 products ?

[rathlindri] 25/3/2021 14:31

Whatever the reason(s) a very welcome sight this morning.

[aimingupward2] 25/3/2021 12:09

It is worth keeping in mind that the company said, on £25th Feb’, that EBITDA for the year to 31st March, would be not less than £18.2m. The figure given on 14th Jan’, had been £16.5m. So, nearly 10% up in a matter of a few weeks. If things have continued to go well, the final figures could look really very good.

[johndoe23] 25/3/2021 11:31

I meant, 79k shares. Quite a sizeable amount!

[johndoe23] 25/3/2021 11:31

A large sell this morning, 79k worth of shares. Perhaps an overhang now cleared?

[aimingupward2] 25/3/2021 10:39

Yes, you’re probably right. The company has said it would issue a trading statement no later than 23rd April, but it might well be quite a bit earlier in the month, as you suggest, and as it was last year. There is every likelihood that it will be pretty positive, perhaps very positive.

[cooltools] 25/3/2021 10:22

End of year next week (31st March 2021) and trading update last year was 2nd April. I suspect some PIs have this in their diary to stockup before results (and sell afterwards unfortunately).

[aimingupward2] 25/3/2021 10:11

What’s suddenly stirred this back into life, I wonder?

[hawfinch] 01/3/2021 09:05

The only connection I have in the music industry is through G4M.

“I don’t expect anyone to agree with me”. Perhaps not fully, but bear views are always appreciated by me and by most on this board. I’ll never downvote a bear post.

But I reckon you’re long, Glavey. I think you write bear posts in order to generate a discussion in hope that it will convince you further “not” to sell.