Gear4music (holdings) Share Discussion Threads

[darrin1471] 27/6/2023 15:19

the G4M 200ma is currently 103p.
G4M has not been above the 200ma since 11/2021 (900p)
G4M has remained above the 100ma since 02/05/23
50/100/200ma are all currently between 95 & 103p
The G4m share price appears well supported within this range.
L2 looks becalmed. Buy orders 90-95. Sell orders 100-105.
I tried a test buy today but could not get a price for £500 of stock. I was offered 97.75p for all the stock I had.
Could be the calm before a storm.

[saracen3] 20/6/2023 07:58

Singers has 182p target

Gear4music – full year results to March are in line with expectations that we downgraded back in April to reflect the margin cost of reducing inventory levels in a tough consumer environment. Other well-documented challenges included the inflationary/cost of living crisis, increased input/cost inflation, and extreme summer heatwave conditions which impacted markets in Europe and the UK. On sales up 3% to £152m, profits declined £5.4m YoY to a loss of £0.4m (break-even in old IAS17 money excluding a non-cash FX MTM charge). EBITDA reduced 34% to £7.4m, equivalent to £5.7m pre-IFRS16 and a margin of 3.7%, down 260bps YoY. Reducing elevated stock was a key priority, and the main driving force behind the 210bps (hopefully non-recurring) contraction in product margins. But this enabled G4M to reduce net debt by almost £10m to £14.5m. It has now successfully extended its £30m RCF by 3 years, and retains £8m of freehold property. In H2 we saw initial evidence of cost efficiencies. In FY24 this, and increasing the product margin, is the key focus. Having successfully completed a number of key growth projects, including own brand, AV.com and its pre-owned launch, there is a roadmap of self-help which gains weight as the year advances and which underpin forecasts. Given share price underperformance from declining margins/profits, and weak FCF, evidence of a reversion to positive margin/profit growth and FCF should help the shares outperform and we reiterate our 182p target price and buy recommendation.

[saracen3] 20/6/2023 07:26

Plans intact - focus on driving margin and profitability
FY23 was a tough year, given several external macro headwinds on top of the margin drag from its internal decision to reduce elevated stock levels. If the goal was to reduce ND while also embedding future growth initiatives, then FY23 should be seen as a success. Conditions for discretionary spending remain difficult across its markets, so the focus is on leveraging recent investments, increasing product margins and driving efficiency. Although H2-weighted, FY24 expectations look underpinned by a number of self-help measures. Sentiment should improve on the back of improved FCF and, with the long term equity story intact, we stay at Buy.

Singers note today

[saracen3] 14/6/2023 08:29

Buyers looking for stock ahead of results next Tuesday

[saracen3] 02/5/2023 11:15

Founder Andrew Vass sold 1.65m shares at 730p in Dec 2021 so has plenty of funds to

buy out the 77 % he doesn`t own to take the company private.

Others could be interested however.

[saracen3] 02/5/2023 10:46

OUCH Are you short Jackson?

[rathlindri] 24/4/2023 18:35

jackson8324 Apr '23 - 14:13 - 3622 of 3624 (Filtered)

[saracen3] 24/4/2023 17:05

Going to post more lies ? There is no funding issue, debt is stock.

[saracen3] 24/4/2023 16:02

The FCA is on your case.

[jackson83] 24/4/2023 14:13

UKNEONBOYS


shorting opportunity lol... where is the funding update ? the clock is ticking as markets don't like negative stuff./ RED FLAGS


where are the buyers ? even at under 100p little interest


I will buy on any weakness / lack of profits or news flow


top up at 79p again next month or wait for bad news lol


top up at 40p

[jackson83] 24/4/2023 13:53

shorting opportunity lol...


where are the buyers ? even at under 100p little interest


I will buy on any weakness / lack of profits or news flow


top up at 79p again next month

[jackson83] 16/4/2023 21:33

my final speeding ticket / final post



peace love and G4M to the moon one day

[jackson83] 16/4/2023 21:32

who is holding strong from 800p's ?

[saracen3] 15/4/2023 10:27

Not if FCA gets involved.

[saracen3] 15/4/2023 10:27

Not if FCA gets involved.

[darrin1471] 15/4/2023 09:12

saracen3. Just filter jackson83 and ignore like everybody else.

[saracen3] 15/4/2023 09:06

Reporting this poster to the FCA..

[saracen3] 14/4/2023 22:09

ADMIN please investigate this fantasist.

[saracen3] 14/4/2023 22:08

Liar you claimed to be short and told your disciples to be short.
Your credibility is nil if you can't even remember what you posted. In fact you may have lost money if you even traded at all. Please get help for your life fantasy.
Your posts on Gear4music were complete rubbish.
.

[jackson83] 14/4/2023 21:55

I took my 16% profit


will wait for it to drift back down to the 80p's ... patience needed as zero news due

[saracen3] 14/4/2023 12:42

Got lots to buy and so have Singers

[jackson83] 14/4/2023 12:38

NEW SHORTS opening




down she goes