The Gym Share Discussion Threads

[dplewis1] 21/2/2020 07:57

Report it - I have!

[masurenguy] 21/2/2020 07:54

Beware - the above link has been spammed across hundreds of ADVFN threads !

[mount teide] 21/2/2020 00:04

Even in high cost gyms like Virgin Fitness with minimum 12 month memberships, attendance during the Spring, summer and early Autumn is much higher than over the winter - only the die hard trainers work out all year round.

[scooper72] 20/2/2020 21:44

And the social side of going to gyms to work out and bench weights together is big amongst youth as an alternative to going to the pub. Basic culture change.

[rp] 20/2/2020 19:42

Exactly. I'm going to weekly NHS one hour cardiac rehab sessions after a heart attack. Every week the tutor stresses the importance of warm up/cool down and stretches.

[shauney2] 20/2/2020 15:20

"I cant see the attraction of a 10 minute high intensity workout"
My wifes words exactly;-)

[glenowen] 20/2/2020 14:48

I cant see the attraction of a 10 minute high intensity workout, even for those self-important people with such "busy lives" they cant afford an hour at the local gym. Even doing HIIT in your own home, you still have to change into your gear, exercise, change out, have a shower, get dressed. That would be at least 30 or 40 minutes in total, for 10 minutes exercise - hardly attractive.

And as anybody who exercises should know, a decent stretch/warm up is necessary before starting, or you are highly likely to pull a muscle or two.

I dont think this "10 minute" malarkey will ever catch on!

[rp] 20/2/2020 13:25

Interesting. I was wondering why someone might go to a gym for just 10 minutes when it might take them 15 minutes + each way to get there and back.

[thomshrike] 20/2/2020 10:11

rp, to your point:
I think the biggest LT threat to all gym operators is people doing their exercise routines at home or at the hotel room. This is now increasingly possible due to the emergence of a plethora of apps and youtube videos. Plenty of those focus on HIIT (high intensity interval training) and those exercise routines can be very short in time while also quite effective (I speak by personal experience too, eg in fact I did a 10 minute HIIT routine this morning myself that got me drained). Whilst good apps are usually paid, youtube videos are generally for free.

Being able to perform those routines at home or at the hotel room has an added convenience value that to me makes it less logical to do it at the gym.
On the other hand, I think this is again a bigger threat to higher priced gyms, because the things that you can do at low-cost gyms, especially involving weights, are a cheaper and effective complement to those routines that you can do at home.

[rp] 20/2/2020 09:37

Interesting article in The Times recently about gyms offering very short sessions e.g. 10 minutes for people whose lives are very busy. I wonder if GYM have explored this idea.

[quepassa] 20/2/2020 08:48

For the record.

Prelims to be announced on 19th. March

[manc10] 14/2/2020 21:33

Big step in #tradewar: #China and the #US officially cut #tariffs on each other’s goods on Fri for the first time in nearly two years vix 13

[thomshrike] 13/2/2020 17:19

Regarding the coronavirus: even if you assume a temporary impact in the UK, the impact on valuation is negligible.
Pernod Ricard today is the ultimate example of a company acknowledging the impact of the coronavirus - multiple times more relevant than for GYM - and rallying on the news.

[rathean] 13/2/2020 14:44

Just don't see it with Whu Flu due to impact the UK in the coming months. Potentially material decline in usage with some subs attrition. Could present another Profitable buy in opportunity if the V shaped recovery comes through imo dyor ofc.

[masurenguy] 13/2/2020 08:39

Peel Hunt have issued a new Buy recommendation today with a target price of 375p.

[thomshrike] 03/2/2020 21:49

This is an interesting point, but notice that also in 2018 the ending membership was nearly flat between June and December. Additionally in November 2018 GYM tweaked prices in several gyms downwards in order to increase utilization, which probably supported a slightly better membership performance between June and December on that year. The number of openings is usually higher in H2 but it is usually tilted towards the last weeks or months of the year, so that the increase in membership is better observed on the seasonally strong period of Jan-Fev.

[pstick] 03/2/2020 21:07

shauney2 - 693,000 is the average members between Jan-Dec 2018. They reported in the Jan 2019 trading update that the average members between Jan-Dec 2019 is 796,000. However, the 31 December 2019 members is lower at 794,000, which means that must be a decline towards the year end.

For reference, here are the members at each point in time (all pro forma for the easygym acquisition). Jun-18 720,000; Dec-18 724,000; Jun-19 796,000; Dec-19 794,000.

It seems very strange to me, as most of their new gym openings this year are weighted towards H2, that they haven't managed to grow any members between June and December but lost 2,000 members.

[masurenguy] 03/2/2020 13:24

One months figures mean very little - just a snapshot in time. Average membership is what really counts and that was up by 14.9% on the prior year and revenue was up 23.6%, based upon an increase in outlets of only 10.8%.

[shauney2] 03/2/2020 13:10

pstick,is that not a good sign.They have retained more average members to longer term contracts?

from the Jan 2019 trading update,

Total year-end membership numbers 724,000 Average Members of 693,000

[davr0s] 31/1/2020 21:50

Nope - I'm just a trend trader as that tells me everything I need to know

[pstick] 31/1/2020 17:09

Do you guys have any thoughts on the year end membership of 794,000 (December 2019) being lower than the average members during the year of 796,000?

This seems worrying to me, in particular after opening 20 new gyms during 2019.

This was certainly not the trend in previous years...

[davr0s] 23/1/2020 22:01

Hardly moved - bull flag. Just leaving it to do it's thing but no idea where it will go

[thomshrike] 23/1/2020 10:56

I cannot access the full text of the article, but I would claim that anyone that values this stock solely on the basis of PE or dividend yield (ie without making the necessary adjustments for: maturing of immature gyms, depreciation schedule, growth capex, etc) does not get it.

[smnicolson] 23/1/2020 10:03

Not exactly getting better 6 days later!