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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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Date Time Title Posts
07/2/202312:32GEAR4MUSIC3,433
25/11/202211:55Recovery Stock5
10/1/201913:54gear4music-
29/7/201802:05Gear4music (G4M) One to Watch on Monday -
09/8/201520:27Games 4 Music5

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Gear4music (holdings) (G4M) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:23:2390.505,5184,993.79O
16:05:1490.006,0005,400.00O
15:44:1190.40443400.47O
15:36:2792.005449.68O
15:36:2790.002018.00O
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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.
Posted at 30/1/2023 08:03 by orange1
Fender CD-140SCE Narural costs £ 329 at Andertons and £ 309 at G4M.
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.
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
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.

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

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

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.

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.
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.

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

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