The Gym Share Discussion Threads

[masurenguy] 19/6/2019 13:10

Latest Broker Forecasts - all with TP's above 300p !

19/06/19 Barclays Capital: Overweight 300.00p
06/06/19 Peel Hunt: Buy 350.00p
29/05/19 Numis: Buy 313.00p
01/05/19 RBC Capital Markets: Outperform 320.00p

[shauney2] 19/6/2019 13:00

MT,thanks for posting.

The sell off to under 2quid was well over done with hindsight.

[simba_] 19/6/2019 12:06

I expected an update this week. Anyone know when its due?

[turbocharge] 19/6/2019 11:09

My local The Gym busier than ever, very happy to hold longer term for 300p+ :)

[mount teide] 19/6/2019 10:58

The 2019 State of the UK Fitness Industry Report reveals that the UK health and fitness industry is healthier than it has ever been. It has more gyms, more members and a greater market value than ever before.

Several key milestones have been achieved over the last 12 months. The total UK membership has broken the 10 million mark and the industry is now worth more than £5 billion for the first time.

The elusive 15% penetration rate has not only been reached but exceeded with it now standing at 15.6%. In the UK, 1 in every 7 people is a member of a gym.

The 2019 report highlights that the industry, over the 12 month period to the end of March 2019, has seen increases of 2.9% in the number of fitness facilities, 4.7% in the number of members and 4.2% in market value. The rate of growth for members and market value is higher than last year across the public and private sectors.

Summary of Key Facts

* The number of fitness facilities in the UK is up from 7,038 to 7,239 this year.

* Total membership grew by 4.7% to 10.4 million.

* Total market value increased by 4.2% to £5.1 billion.

* The UK penetration rate passed 15% for the first time.

* 215 new fitness facilities opened in the last 12 months, down from 275 in 2018.

[thomshrike] 19/6/2019 08:29

Barclays upgrades GYM to Overweight and increases the PT from 265p to 300p.
Every upgrade is positive, but I believe this one is particularly relevant because Barclays is one of the brokers that downgraded the stock earlier in the year, when analysts feared that reported price reductions observed in some gyms during the last months of 2018 could be an indication of oversupply. As a reminder, GYM dismissed those claims, arguing that the company has regularly done this sort of adjustments over the years.
In fact those concerns never materialised and this morning Numis also notes the 4th consecutive month of price increases for the total GYM estate.

[thomshrike] 06/6/2019 18:48

Recent notes from Numis and Peel Hunt (the latter out today) reveal evidence of increased pricing at the GYM estate, offsetting November’s discounts. This is exactly what the market wanted to hear before jumping back into the stock. I would expect a solid trading update.

[davr0s] 06/6/2019 17:58

Price will go where it wants to

[mount teide] 06/6/2019 17:55

On fundamentals the share price should never have fallen below 250p - The GYM Group is making high quality gym use available to the masses at affordable prices, and without the ball and chain of a 12 month membership commitment.

Low cost gyms are the future - they are emptying the Virgin Fitness and David Lloyd Leisure Health Clubs of youngsters and leaving them largely to just the middle class snobs who would not be seen dead in a 'cheap' downmarket gym.

It is a fact that when you walk in through a gym entrance door it does not matter whether you're a billionaire or pauper, the amount of progress you will make will be directly proportional to the effort put in/intensity you choose to train at. And never forget it does not matter whether you're training to get more conditioning(lower body fat level) or to increase muscle mass - its still circa 80% diet no matter how hard you train because there are a lot of med/ high body fat, relatively fit people in most gyms that are still yet to learn that.

[rathean] 06/6/2019 16:50

Outstanding upwards trend ahead of trading update. One of my favourite growth stories, wish I'd bought more sub 200. Oh well, happy lth all imo dyor ofc.

[shauney2] 05/6/2019 13:38

They don't normally give an update with the AGM.I'm guessing it will be next Wednesday if you go by the last 2 years.

[thomshrike] 05/6/2019 08:33

Market was in fact expecting a trading update coinciding with the AGM but nothing came. If anything I would see that as an indication of no change in trends.
All resolutions were approved at the AGM.

[shortwoodford] 04/6/2019 22:26

I expect a triding update next week (13 or 14 like in previous years)

Do you have any news from the AGM?

[thomshrike] 31/5/2019 10:38

GYM is expected to come out with a trading update next Tuesday. Given anecdotal evidence presented by Numis on their recent notes (in particular positive pricing), I would expect a solid update.
In the last couple of months, it is nice to see that GYM has (finally) outperformed domestic UK stocks, which have generally suffered with brexit uncertainty + macro jitters.

[dtaliadoros] 31/5/2019 08:40

This has got to be one of the easiest shares to research and come to a buy/hold conclusion. Just go visit anyone of their gyms and see how packed they are. I see further dividend hike in the coming year.

[thomshrike] 22/5/2019 11:11

Note out from Numis today, with positive comments on pricing development (recent concerns seem to be behind us), industry growth (acceleration in March) and supply dynamics (more small players exiting the market). Quite positive IMO.

[thomshrike] 20/5/2019 14:32

Share price continues indeed to be well supported and it has easily outperformed the market over the last few weeks.
Broadly speaking we have seen the market rotating out of cyclical growth stocks and into secular growth stocks, a tailwind for GYM.
Additionally GYM clearly did not rebound as much as it would be justified by its solid financial performance and continues to trade at a huge discount to peer Basic-Fit.

[earwacks] 20/5/2019 12:44

£2.35 eh? Strange share price movements in both directions on very little volume. Still can't complain in the current climate. Look forward to some good news

[turbocharge] 14/5/2019 12:02

My local The Gym has just spent £50k on upgrading and new equipment, busy as ever. Happy to hold long term for 300p plus.

[rathean] 13/5/2019 19:01

Just got back from my local The Gym, rammed with a queue for the bank of treadmills, great to see mid May. I reckon more scope for premium services, let's see how the management strategy evolves, still a happy lth.

[turbocharge] 26/4/2019 12:36

A troll has an inflated sense of worth, and operates as if the world should revolve around him/her. He/she will try to make you angry, will often exaggerate, make it personal, and can have difficulty spelling.

The usual aim of trolls is to make people angry or to disrupt the conversation just for kicks. They want your attention. They want to start an argument.

Perhaps the best policy is to not waste one's time feeding the troll. Use of the filter button is called for!

[masurenguy] 26/4/2019 11:03

Peel Hunt have been pretty consistent in their target price since they raised it from 300p in June 2018 to 350p in August 2018.