Gear4music (holdings) Share Discussion Threads

[gnome3] 08/12/2023 08:04

LOL. That's one of your better one-liners Glavey. If I didn't know you were such a fan of G4M, I'd think you were taking the mickey.

[glavey] 08/12/2023 07:44

C h a r t _ l o o k i n g _ s o _ g o o d

[disc0dave46] 07/12/2023 18:14

Please can you expand on that, thanks.

[saracen3] 07/12/2023 15:42

Chart looking so good

[darrin1471] 28/11/2023 14:40

"Black Friday 2023 traffic: The online winners and losers"



Black Friday Winners
Temu +74150%
Sephora +132%
Moonpig +48%
Debenhams +46%
Zara +32%
Ticketmaster +24%
Pandora +14%
Gymshark +12%
H&M +10%
Sainsbury’s +4%

Black Friday Losers
PrettyLittleThing -45%
Asos -43%
Currys -34%
River Island -32%
Waitrose -31%
Argos -31%
Boohoo -30%
Next -26%
Shein -22%
Tesco -20%
John Lewis -15%
Nike -14%
Amazon -1%

[darrin1471] 28/11/2023 14:39

"According to Nationwide, the number of purchases was up 2% on Black Friday last year"

"footfall was down 3.1% in stores on the day, according to analytics firm Sensormatic."

The event has increasingly moved online in recent years and ecommerce sales jumped 4.1% on 2022 to £1.04bn, according to Adobe Analytics.

[saracen3] 28/11/2023 14:23

Huge rise in US Black Friday and Cyber Monday internet sales just announced.

Hoping the trend continues in Europe and UK.

[glavey] 28/11/2023 09:00

We all live in a red submarine.., frequently underwater.

[saracen3] 24/11/2023 08:05

Research

24 November 2023 Sector Note
Retail
Follow to open report

Retail - Consumer confidence reverts to upward trend
The latest GfK update shows a 6pt bounce in confidence in Nov to -24 (Nov'22, -44). All parts of the survey were up, including the Major Purchase index +10pts to -24 (Nov'22 -38). The survey was conducted in the 1st fortnight of Nov, so excludes more recent events. On balance these could assist the next reading. Alongside the Asda Income Tracker (up >10% now), this is clearly an encouraging indicator for demand in the sector with 6 weeks of the peak Golden Quarter ahead (at time survey was completed). Please refer to our recent sector notes for more.

[saracen3] 23/11/2023 08:48

Chart looking so strong key Black Friday and Xmas periods now.

[saracen3] 23/11/2023 08:15

Not in a close period so Management and staff are free to buy

[saracen3] 22/11/2023 16:43

Great if it is someone new. Classic recovery situation.

[disc0dave46] 22/11/2023 16:32

"Either Liontrust or Richard Harpin adding"Pure speculation! :)

[saracen3] 22/11/2023 16:04

Guessing the meetings with shareholders, brokers and Institutions went well.

I have bought more since my meeting.

[basem1] 22/11/2023 13:03

And up she goes

[basem1] 22/11/2023 13:02

Either Liontrust or Richard Harpin adding At negotiated levels with the market makers as and when they have gathered stock

[ali47fish] 22/11/2023 12:59

what stake building expand basem please

[basem1] 22/11/2023 09:51

More stakebuilding going on by the looks of things You would not be able sell 40000 above the bid price under normal circumstances

[darrin1471] 14/11/2023 12:43

Liontrust holdings notification as they now have over 18%

[saracen3] 14/11/2023 10:44

Both misses came from failure to complete Xmas deliveries.

First time the warehouse was just too busy due to unforeseen demand, and last year there was a late strike by the Post Office.

I cannot imagine that they will let this will happen again.

[rp19] 14/11/2023 10:30

Yes, if they have a better period than expected and they beat on revenues then will boost profit numbers. Equally, if they miss the revised revenue guidance (got form on this) then more pain is likely.

[disc0dave46] 14/11/2023 10:01

Rev has been reduced 11% but they clearly stated that profit remains as forecast. So IMO if anything it shows that the benefit of their revised business model is working better than expected.

[saracen3] 14/11/2023 07:56

More from Singers

Gear4music (Buy) - Interims confirm it has made good progress in H1 against its objective to establish a higher margin business by prioritising gross margins and reducing costs. Higher margin own brand is outperforming 3P brands, especially in Europe reflecting the initial benefits from a significant development programme. At £(1.4)m the pre-tax loss was £0.1m better than forecast, helped by an 80bps gross margin uplift (exit rate was better) and the cost performance being slightly better than expected, with the benefits of cost actions still to come. A total of £4.0m annualised savings were implemented during the half that will benefit H2 onwards, with a part year effect of c£2m this year and c£2m next year. This is roughly evenly split between opex and capex, which feeds through to lower capex assumptions in our forecasts, and better FCF (now >£3m next year). PBT guidance has been re-iterated on lower sales (downgraded 11%) as margin and cost-led upgrades feed through. On these revised assumptions, our EBITDA margin forecast expands by 30bps this year, and by 40bps next year to 6.0% (on a pre-IFRS16 basis). Capex savings also see ND forecasts reduced (by £2m next year). Our target price is left unchanged for the time-being at 182p. This is based on 5.0x EV/EBITDA. However, margin expansion, better FCF and lower ND, which are all pivotal issues, should support a higher multiple, even on lower sales which should increase market confidence in forecasts. We therefore remain at Buy.

[basem1] 14/11/2023 07:39

Nothing we did not know already but a negative in that the sales forecast has been lowered. A move down if anything I reckon

[saracen3] 14/11/2023 07:31

House broker Singers reaffirms 182p target

Gear4music (G4M LN)

Follow to open report

Retail | Corporate Client

Mkt cap:

£25.2m | CP: 120p | TP: 182p
Margin expanding and FCF improving


Gear4music has made good progress in H1 against its objective to establish a higher margin business by prioritising gross margins and reducing costs. PBT guidance has been re-iterated on lower sales, and capex savings see ND forecasts improve. Our target price is left unchanged for the time-being at 182p. This is based on 5.0x EV/EBITDA. Margin expansion, better FCF and lower ND, which are all pivotal issues, should support a higher multiple, though, even on lower sales which should increase market confidence in forecasts. We therefore remain at Buy.