Gear4music (holdings) Share Price (G4M)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Gear4music (holdings) Plc	LSE:G4M	London	Ordinary Share	GB00BW9PJQ87	ORD 10P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	91.00	117,673	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
90.00		92.00	91.00	91.00	91.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Retailers	147.63	5.01	17.80	5.1	19

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:23:22	O	5,518	90.50	GBX

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Gear4music (holdings) (G4M) Latest News

Gear4music (holdings) News

Date	Time	Source	Headline
19/1/2023	16:40	UKREG	Gear4music (Holdings) PLC Second Price Monitoring Extn
19/1/2023	16:35	UKREG	Gear4music (Holdings) PLC Price Monitoring Extension
19/1/2023	12:29	ALNC	Gear4Music UK revenue stagnant amid weak demand and postal strikes
19/1/2023	07:00	UKREG	Gear4music (Holdings) PLC Trading Update
09/1/2023	14:05	UKREG	Gear4music (Holdings) PLC Second Price Monitoring Extn
09/1/2023	14:00	UKREG	Gear4music (Holdings) PLC Price Monitoring Extension
09/1/2023	11:05	UKREG	Gear4music (Holdings) PLC Second Price Monitoring Extn
09/1/2023	11:00	UKREG	Gear4music (Holdings) PLC Price Monitoring Extension
05/12/2022	09:00	UKREG	Gear4music (Holdings) PLC Price Monitoring Extension
18/11/2022	14:46	UKREG	Gear4music (Holdings) PLC Holding(s) in Company

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Gear4music (holdings) (G4M) Share Charts 1 Year Gear4music (holdings) Chart
1 Month Gear4music (holdings) Chart	Intraday Gear4music (holdings) Chart

Gear4music (holdings) (G4M) Discussions and Chat

Gear4music (holdings) Forums and Chat

Date	Time	Title	Posts
07/2/2023	12:32	GEAR4MUSIC	3,433
25/11/2022	11:55	Recovery Stock	5
10/1/2019	13:54	gear4music	-
29/7/2018	02:05	Gear4music (G4M) One to Watch on Monday	-
09/8/2015	20:27	Games 4 Music	5

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Gear4music (holdings) (G4M) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
16:23:23	90.50	5,518	4,993.79	O
16:05:14	90.00	6,000	5,400.00	O
15:44:11	90.40	443	400.47	O
15:36:27	92.00	54	49.68	O
15:36:27	90.00	20	18.00	O

View all Gear4music (holdings) trades in real-time

Gear4music (holdings) (G4M) Top Chat Posts

Top Posts
Posted at 07/2/2023 08:20 by Gear4music (holdings) Daily Update Gear4music (holdings) Plc is listed in the General Retailers sector of the London Stock Exchange with ticker G4M. The last closing price for Gear4music (holdings) was 91p. Gear4music (holdings) Plc has a 4 week average price of 91p and a 12 week average price of 91p. The 1 year high share price is 640p while the 1 year low share price is currently 91p. There are currently 20,976,938 shares in issue and the average daily traded volume is 94,039 shares. The market capitalisation of Gear4music (holdings) Plc is £19,089,013.58. Read Full Thread Reply
Posted at 30/1/2023 08:03 by orange1 Fender CD-140SCE Narural costs £ 329 at Andertons and £ 309 at G4M. Read Full Thread Follow Reply
Posted at 29/1/2023 22:29 by dixi When shopping for a specific item of kit online, price and service is all. Service at G4M is absolutely fine, but it is also very good at Andertons, GAK, BAX, PMT, GuitarGuitar etc, they just all happen to be cheaper. So why buy from G4M? They are not offering anything over and above, just higher prices. Read Full Thread Follow Reply
Posted at 29/1/2023 13:38 by dros1 so what's your point ? Waitrose is also 10% more expensive that Tesco . the question is why is G4M to make a profit with this revenue and how can other be selling much cheaper Read Full Thread Follow Reply
Posted at 19/1/2023 08:03 by saracen3 Singers 220p target Gear4music (Buy, TP 220p) - has reported a solid Q3 putting it on track to hit FY expectations, with key growth oriented initiatives for FY24 on track. Sales grew 5%. The UK was flat against a strong comp, an improvement on the 3% decline in H1. This included the adverse effect of Mail strikes, which hampered December trading given longer delivery times and an earlier cut-off date for deliveries. Growth in Europe of 11% was a slight improvement on +10% in H1. This reflects the ongoing enhancements to G4M’s local proposition following investment in infrastructure and improved choice/customer delivery. There remains a significant opportunity for share gains. Gross margin reduced 280bps due to the targeted reduction of inventory, mix and some extra carriage/P&P costs due to the strikes. These influences are expected to be temporary. Freight rate costs have fallen and £/$ headwind is easing too. Labour efficiency and lower marketing costs largely compensated for this margin drag. Along with progress on inventory reduction, net debt is reducing to plan. It is on track to meet Y/E forecasts (cons. £17.5m/SCMe £15.3m) and well within its covenants. As we have noted previously, G4M has headroom within its RCF and scope to generate cash from w/c and property, if needed. There is room for re-rating as belief in the debt reduction grows, on just 4x Mar’24 EV/EBITDA (10x P/E, or 0.25x EV/sales) vs its 5-year average of 12.5x. Our 225p target price is based on 6x EV/EBITDA, a 50% discount to its average - modest in context with its growing scale, capabilities/competitive advantages and pipeline of incremental growth initiatives to take share. Read Full Thread Follow Reply
Posted at 19/1/2023 07:42 by saracen3 Singers reaffirms 210p target. Growth of 5% over peak includes the adverse effect of Royal Mail strikes in the UK in Dec, offset by expansion in Europe. A temporary margin fall, in part due to targeted stock reduction which supports ND reduction, has been offset by labour efficiencies and lower marketing costs. It remains on track to meet FY EBITDA and lower ND, concerns about which have weighed on the rating despite significant balance sheet flexibility. Growing confidence here is helpful. Event – Q3 update (3 months ended 31 December) Revenue growth. Sales grew 5% in Q3. Within that, the UK was flat against a strong comparative, an improvement on the 3% decline in H1. This performance included the adverse effect of Royal Mail strikes, and knock-on disruption with other couriers, which hampered December trading given longer delivery times and an earlier cut-off date for Christmas deliveries. Growth in Europe of 11% was a slight improvement on the +10% in H1 albeit against a weak prior year comp. This reflects the ongoing enhancements to G4M’s local proposition following the investment in infrastructure and improved product choice/customer delivery options. There remains a significant opportunity for share gains. Profit guidance. Gross margin reduced 280bps to 25.6%, equating to a c30% product margin excl. carriage/P&P costs which G4M includes in COGS. This reflects the targeted reduction of inventory, which was strategically elevated at the start of the year to mitigate global supply chain disruptions, mix and some extra carriage/P&P costs due to the strikes. These influences are expected to be temporary. Freight rate costs have reversed and the £/$ headwind is easing. Tight cost control, in particular labour efficiency and lower marketing costs, has largely compensated for this margin drag. As a result, management has re-iterated FY EBITDA expectations, which were reduced in Sept’22. Cashflow/ND. Along with progress on inventory reduction, net debt is reducing to plan. It is on track to meet Y/E forecasts (cons. £17.5m/SCMe £15.3m) and well within its covenants. As noted previously, G4M has headroom in its RCF and scope to generate cash from w/c and property, if needed. Positive outlook. G4M has continued to make good progress with its new growth projects during FY23 Q4 and into FY24, and remains confident in its long-term profitable growth strategy. It is well resourced and well placed to make the most of opportunities as they arise. With a pipeline of growth initiatives , G4M looks well placed to deliver share gains in its addressable product markets, musical instruments/ accessories and audio-visual products, both in the UK and Europe. Impact on earnings & valuation We make no changes to headline estimates, which assume a return to traditional H1/H2 seasonality this year (H2 EBITDA almost flat YoY vs. H1 -50%) and a return to growth next year (EBITDA +43%, margin +140bps). The stock trades on 4x Mar’24 EV/EBITDA (equating to 10x P/E, or 0.25x EV/sales) compared to its 5-year average of 12.5x. Our unchanged 225p target price is based on 6x EV/EBITDA, which is a 50% discount to its average and, in our view, modest in context with its growing scale, capabilities/competitive advantages and pipeline of incremental growth initiatives. Company Comment Read Full Thread Follow Reply
Posted at 02/12/2022 21:19 by pockstones If the forty sixty balance of trading between first half and second half hinted at by management in recent RNS is correct then forecasts will be raised after the January 19th trading update Todays move suggests the bottom is in and anything positive announced by the company in January will move the share price Read Full Thread Follow Reply
Posted at 02/12/2022 21:11 by largemerlot Forrest1987 Did Saracen3 run off with your wife or something? He’s been pretty good on G4M and his views are worth listening to. Your argument about not buying anything because you don’t know how it’s trading doesn’t make any sense. To me it’s all about competitive position,what the share price is discounting,and most recent management statements. All of which point to upside from here. Read Full Thread Follow Reply
Posted at 09/11/2022 12:25 by callumross Gear4music (Corporate, Buy, TP 220p) - today’s H1 update is in line with expectations that were reset in early Sept due to the adverse effect of the extreme heatwave in Jul/Aug and macro/consumer uncertainties. Sales in H1 were +2% with growth in both Q1 and Q2 despite the weaker summer months. This consisted of UK -3%, and Europe +10% confirming the re-acceleration after opening/stocking 2 new DCs. It has seen improved trading momentum in late Sept and early Oct and is on track to deploy several new growth initiatives in H2, as well as further productivity enhancements. Net debt has already started to reduce and is on track to fall further by year end as elevated stock levels (strategic) normalise. We outline why we are comfortable with the debt position in more detail in today's note. Despite its substantially increased scale, capability, competitive advantage and pipeline of incremental growth initiatives, the share price has never been lower in its 8 year history. It trades on 5.4x EV/EBITDA, reducing to 3.6x next year (8x P/E) versus its 14x 5-year avg. Our 12m target price remains unchanged at 225p, based on a modest 6x Mar’24 multiple. A contrarian entry point. Read Full Thread Follow Reply
Posted at 20/10/2022 07:25 by saracen3 Singer comment Gear4music (Corporate, Buy, TP 220p) - today’s H1 update is in line with expectations that were reset in early Sept due to the adverse effect of the extreme heatwave in Jul/Aug and macro/consumer uncertainties. Sales in H1 were +2% with growth in both Q1 and Q2 despite the weaker summer months. This consisted of UK -3%, and Europe +10% confirming the re-acceleration after opening/stocking 2 new DCs. It has seen improved trading momentum in late Sept and early Oct and is on track to deploy several new growth initiatives in H2, as well as further productivity enhancements. Net debt has already started to reduce and is on track to fall further by year end as elevated stock levels (strategic) normalise. We outline why we are comfortable with the debt position in more detail in today's note. Despite its substantially increased scale, capability, competitive advantage and pipeline of incremental growth initiatives, the share price has never been lower in its 8 year history. It trades on 5.4x EV/EBITDA, reducing to 3.6x next year (8x P/E) versus its 14x 5-year avg. Our 12m target price remains unchanged at 225p, based on a modest 6x Mar’24 multiple. A contrarian entry point. Read Full Thread Follow Reply
Posted at 09/9/2022 13:45 by kalai1 G4M issued an AGM Statement and Trading Update this morning. Trading during July and August has been affected by the widely reported cost of living crisis and unusually hot weather across Europe although early indications are that trading has improved in September. Management believe it is now prudent to moderate full year expectations accordingly and now expect FY23 revenue to grow to approximately £155 million with EBITDA of £9m. Share price is down another 12% in the negative guidance, valuation now looks reasonably attractive with forward PE ratio at 7.8x. But with business momentum and share price momentum negative G4M is a share to monitor for now... ...from WealthOracle hxxps://wealthoracle.co.uk/detailed-result-full/G4M/548 Read Full Thread Follow Reply

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