Gear4music (holdings) Share Discussion Threads

[alphabeta4] 28/7/2017 09:50

Bought some back that I sold ahead of the update at £7.27, 20% off the high seems fair to me and decent support around £7.20 on the chart. Decent risk:reward IMO.

[monnow] 28/7/2017 09:24

I read this as a positive, I don't think the management want to get this hyped up too much. Sales in line and predicting out performance in second half. I for one am holding, many times have I seen short termers getting burned,this sadly will be the case again.

[bamboo2] 28/7/2017 09:14

Stopped out for 10%. Lucky only had a few.

Two losing trades in a row for me here!

Turn on chart for Monday

[mrx001] 28/7/2017 08:57

I seem to remember we had something like this last year.

[gersemi] 28/7/2017 08:37

An 'in line with expectations' statement following a stream of 'will beat expectations' statement is a polite profit warning and it indicates a slow down in earnings

[mrx001] 28/7/2017 08:35

Wow, what a mark down; either a lot of short term traders or people who don't trust managament?

[multibagger] 28/7/2017 07:56

I think the market was expecting more - my guess is that it will go down 20-30p today, but may recover some of that next week. Also at the end of the week traders often close positions.

[alphabeta4] 28/7/2017 07:52

Agree with the above we do have 'in line' and strong relative to H1 FY17 but it's a shame there's no numbers. Perhaps it's due to the period covering the temporary jump in sales following the EU exit in the previous numbers?

'I am pleased to report that Gear4music's trading performance in the financial year to date is in line with the Board's expectations. UK and International revenue growth has continued to be strong relative to a very strong H1 FY17, and our new European distribution centres are materially improving our customer proposition in Northern Europe'.

When reporting 'in line' I've seen other companies add an asterisk with at the bottom it saying something like 'current consensus x revenue y pbt', would have been an handy addition here.

[che7win] 28/7/2017 07:49

No figures, poor

[geheimnis2] 28/7/2017 07:45

Should be up today?

[melton john] 28/7/2017 07:40

Steady as she goes, I make it. Making good progress and on course. Possible opportunity for a top-up.

[ayl30] 28/7/2017 07:39

Given level of expectation to say they are on track to deliver seems fine to me. Last thing we want is it overhyped, long term holders that is, short term traders may want something different

[rp19] 28/7/2017 07:35

As the company previously flagged, quite a lot of investment this year to support future years' growth. However, I agree, I would have appreciated some numbers/comparators.

[ramridge] 28/7/2017 07:27

I suspect the market is expecting something better than this?

[shanklin] 28/7/2017 07:20

Its a great shame that unlike the corresponding statement last year, on 29-Jul-16,



today's TS contains no detail whatsoever on trading.

All may well be fine but we are being asked to trust management that that is the case.

[bigbigdave] 28/7/2017 07:17

Inline trading statement, looks good for future growth.

[ali47fish] 27/7/2017 14:34

bamboo what do you mean- strange fall today with the update tomorrow - what do you make of it?

[bamboo2] 27/7/2017 13:25

PI, I am now! Just started averaging in. Will buy again if given the chance.

Broker gone to order only for now.

[ali47fish] 27/7/2017 10:06

any insights as to what to expect in tomorrow's update?

[panic investor] 26/7/2017 21:49

Spot in there

[bamboo2] 26/7/2017 21:47

Taurus, some of us still have scars from 2008. :-/

[taurusthebear] 26/7/2017 21:45

Trading talk. Look at timescales longer than a few weeks and most people can see which way this is going. The clue is in the market cap. and international expansion.. :0)

[x54v] 26/7/2017 16:18

Investors last November maybe looked at the chart and thought the same given the relentless rise.

Yet the price just kept on motoring.

As they say, the trend is your friend.

[smokybenchod] 26/7/2017 15:21

hoping this isn't a buy the rumor sell on news jobbie. Did some research: March 2017 TU, share price fell although when final results were released in May share price rose, hopefully we will see a rise here on Friday. Fingers crossed although am I the only one that feels that this is getting a little toppy?