Gear4music (holdings) Share Discussion Threads

[saracen3] 13/11/2023 08:17

House broker Singers looking for stock on their daily newsletter.

Results tomorrow

[darrin1471] 10/11/2023 15:31

ali47fish. My average was 107ish and I have held for 12 months. My normal target is to double over 4 years. Today you could make a case for 100's of shares doubling within 4 years. I'm trying to focus on those more likely to move first.
I like the G4M business model, recovery potential and did like the growth potential of AV.com. A year ago I thought online only would bounce quickly. Today I do not see any online only turnaround within the next 6 months so I have moved on to pastures new.
IMO G4M cutting costs and sacrificing sales for profitable margins is sensible but not the recipe for a quick turnaround. I have heard a couple of companies (CURY & ANG) say retail competition in the EU is fierce at the moment.
I will watch G4M closely and hope to get back in before any upturn.

[ali47fish] 10/11/2023 13:43

so darrin why didn't you add if i may ask- iam at aloss myself with anaverage price in the 400p

[darrin1471] 10/11/2023 10:19

G4M is normally quite an illiquid stock outside of results. I have struggled in the past to get a price and have struggled to buy/sell without moving the price.
Yesterday a buyer (7 x 25k at 111p to 112p) did not move the price but today the L2 spread moved from 105-115 on opening to 115-125 on limited volume. I was able to get 116-223 on dummy sells/buys

[ali47fish] 10/11/2023 09:44

well explained basem and i am grateful

[basem1] 10/11/2023 09:31

Basically there were no shares available to buy electronically online This usually means the market is short of stock and results in a move upwards I was testing the sell limits yesterday too and although the bid was at 105 I was being offered 111.65 to sell large quantities

[ali47fish] 10/11/2023 09:16

basem please explain cnnot buy etc... so where deos the strength comes form?

[saracen3] 10/11/2023 09:05

Results on Tuesday

[basem1] 10/11/2023 08:41

Market is short of stock again

[basem1] 09/11/2023 16:21

Trying to work out the trades 111.6 are sells - I reckon there is an order being filled You cannot buy anything online at 115 without going to negotiated trade Strength for sure

[basem1] 09/11/2023 16:16

Large volume today Strength for sure Can sell volume at 111.6 and Negotiated trade only at 115

[disc0dave46] 09/11/2023 16:09

Would you kindly expand in that please.Thanks

[glavey] 08/11/2023 07:32

"He obviously sees potential here so time will tell I guess."

Maybe he just wanted a bit of extra discount on some gear...

[eezymunny] 07/11/2023 19:27

"The Capex spend is all but over so margins will increase".

This demonstrates a very serious lack of accounting knowledge.

LOL

[saracen3] 07/11/2023 13:05

Results and Institutional presentations a week today. Very unlikely that trading conditions have worsened in 3 weeks since the last confident update.

The Capex spend is all but over so margins will increase

[disc0dave46] 07/11/2023 12:45

Selling a FTSE100 business he founded and pocketing £500m, wouldn't suggest to me that he's an idiot :)That said, buying these when he did wasn't perhaps the greatest of timings but nobody can time the market. He obviously sees potential here so time will tell I guess.

[volsung] 07/11/2023 10:04

Is he tho?

[disc0dave46] 31/10/2023 12:07

Did he not make an initial stake of 9.11% late Sept?, just odd the RNS doesn't include that as part of previous holding.He is one smart cookie.

[saracen3] 31/10/2023 09:46

Figures due 14th November followed by meetings with shareholders and brokers.

First chance to really explain much lower capex going forward now that the platform

is complete.

[basem1] 31/10/2023 09:37

The founder of homeserve

[ali47fish] 31/10/2023 09:28

who is he?????

[saracen3] 31/10/2023 09:25

Richard is based in York, like G4M, and must know the company well and be confident

of its prospects. Very encouraging top up.

[basem1] 31/10/2023 09:16

As predicted Richard has increased his stake

[basem1] 27/10/2023 13:38

Well that more than soaks up the last fortnights selling