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GYM The Gym Group Plc

114.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
The Gym Group Plc LSE:GYM London Ordinary Share GB00BZBX0P70 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 114.80 114.80 115.40 115.80 110.60 115.80 433,082 16:28:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Physical Fitness Facilities 172.9M -19.3M -0.1082 -10.61 204.81M
The Gym Group Plc is listed in the Physical Fitness Facilities sector of the London Stock Exchange with ticker GYM. The last closing price for The Gym was 114.80p. Over the last year, The Gym shares have traded in a share price range of 81.80p to 124.80p.

The Gym currently has 178,401,999 shares in issue. The market capitalisation of The Gym is £204.81 million. The Gym has a price to earnings ratio (PE ratio) of -10.61.

The Gym Share Discussion Threads

Showing 601 to 623 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
02/9/2020
06:25
Encouraging but a cautionary note...

"The Directors have concluded that the potential impact of COVID-19 described above and uncertainty over possible mitigating actions, including covenant waivers represents a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concern. However, having assessed the financial forecasts, sensitivities and possible mitigating actions, the Board has a reasonable expectation that the Group has adequate resources to continue in operational existence for the next twelve months and therefore the Directors continue to adopt the going concern basis in preparing these interim accounts. Accordingly, these interim accounts do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the Group were unable to continue as a going concern."


ALL IMO. DYOR.
QP

quepassa
02/9/2020
06:07
Ignore that comment below I've misread the 31 July numbers Customers are growing again apologies
ronwilkes123
02/9/2020
06:04
It may be my mistake but are cancellations outpacing new sign ups still if you extrapolate the August numbers
ronwilkes123
27/8/2020
13:46
I thought they were tomorrow, thought it was a bit quiet,maybe there will be a small run up into the interims then with the Peel Hunt positivity, could you provide a link to the buy note or paste it here?
recut more
27/8/2020
07:24
Interims are due next Wednesday. It will be interesting to find out what progress they have made since re-opening most of the gyms on 25 July. Meanwhile Peel Hunt issued a new Buy Note today with a target price of 300p.
masurenguy
14/8/2020
15:04
Fundamentally, gym demand has not disappeared so I do see this doing well on the other side
growthpotential
06/8/2020
12:48
I don’t think the doom has been overdone, I have traded these a bit, but not only is it a really difficult business at the moment it happens to be located in the worst basket case covid capital country outside the USA and Brazil, it has been a fiasco on a par with brexit. All the talk from wheezing Boris about fat unhealthy brits unlikely to translate to anything meaningful and I think loads of businesses are going to struggle to survive, endless capital raising and restructuring whether it be cinemas gyms or bowling, hotel chains, whatever, their model needs a lot more people not social distancing. I don’t see this as a recovery play, in fact could seriously see these down to .90/80p a share in the not too distant.
porsche1945
22/7/2020
12:26
As a member v impressed with the how busy app Well run firm
ronwilkes123
12/7/2020
12:09
The Gym Group
The leisure sector has been one of the worst hit, so it is no surprise that shares in the Gym Group fell by 51.5% in the 4 months to the end of April. UK gyms are closed and the company froze memberships on closure, so it is receiving no income. The broker argues the gloom in the share price has been overdone.

Complete article:

masurenguy
09/7/2020
13:51
Best way to stay healthy is keep fit https://www.standard.co.uk/business/gyms-covid-reopen-date-a4493606.html
mcrudden
02/7/2020
14:40
Founder selling Holding not great news
ronwilkes123
26/6/2020
04:13
https://www.google.co.uk/amp/s/www.newsletter.co.uk/health/coronavirus/coronavirus-ni-indoor-gyms-and-betting-shops-given-dates-they-can-reopen-social-distancing-down-one-metre-two-2895513%3famp10th July Northern Ireland
ronwilkes123
24/6/2020
08:45
Gyms are down to open 14th July so long as tests are passedOliver Dowden yesterday
ronwilkes123
24/6/2020
08:42
"The government has given the green light to a night out in a pub or restaurant in England but gym workouts, swimming pools, nightclub dance floors and even manicures are still off limits - prompting accusations of glaring inconsistencies as the lockdown is eased. The chief executive of PureGym, the UK's biggest gym chain, said he was "bitterly disappointed" by the delay in opening its 269 gyms and questioned the government's commitment to tackling obesity. "It is a strange war on obesity that sees pubs and restaurants open before gyms," said Humphrey Cobbold who highlighted that the company had already safely reopened its gyms in Switzerland and Denmark.": The Guardian, 24 June
masurenguy
23/6/2020
13:16
With debt and no revenue for longerHow is this so high
ronwilkes123
23/6/2020
12:00
No reopening date or guidance Sell Time
ronwilkes123
08/6/2020
10:31
Gym Group PLC (The) Completion of Extended Banking Facility
08/06/2020 7:00am

Completion of Extended Banking Facility

The Gym group today announces that it has signed an extended bank facility (the "New Facility") with incremental commitments of GBP30 million from its existing lenders HSBC, Natwest and Banco de Sabadell. This agreement formalises the deal which was agreed in principle and outlined within documentation relating to the Company's equity placing announced on 16 April 2020.

The New Facility has an 18 months term and is an amendment to the Company's existing GBP70 million Revolving Credit Facility (RCF) signed with the same three banks in October 2019. From September 2020 until June 2021 the covenant tests of the RCF will be replaced by new covenant tests primarily relating to the performance of the Company against agreed EBITDA targets that reflect a period of gym closure (relating to Covid-19) and phased recovery thereafter. Upon termination or early cancellation of the New Facility the covenants and all other terms of the original RCF will apply until the maturity of the RCF in October 2023.

turbocharge
22/5/2020
12:01
Seems like David Lloyd -which generally operate from significantly larger sites- will be utilising/sacrificing other parts of their premises (indoor tennis courts??) to increase gym footprint.

They have sent members a message including the following:

"....Plus to ensure social distancing measures are achievable, over 80% of our UK Clubs will be able to facilitate a second gym in other areas of the Clubs"




Smaller-format gym operators do not have the luxury of being able to do this.


ALL IMO. DYOR.
QP

quepassa
21/5/2020
02:30
The Times today says that gym owners are hopeful that gyms will open up in July, with new health and safety protocols developed with the government. Pure Gym say they are operating these already in Switzerland and doing 70% of last years business.
rp
11/5/2020
07:59
Not us then
dassera
11/5/2020
07:48
HUGE NEWS - GYM GROUP EXPANDS IN TO CHINA AND JAPAN

GYM group are moving their model to China and Japan with two deals already signed
Budget operator, Pure Gym, has revealed it’s trialling a franchise offering to grow the brand globally.
Speaking at the Fit Summit in Singapore today (5 May 2020), Pure’s chief strategy officer, Francine Davis, said the company is looking for master franchise partners in countries such as China, India, and Japan. She said Pure was testing the model and the first couple of deals had already been agreed.

bigboots
23/4/2020
07:50
All a bit more messy now for the re-opening prospects for the leisure sector which is looking more and more challenged in terms of timing and distancing requirements.

An insightful article in today's FT covers this thorny topic.

The FT article ( page 11) is entitled " Hospitality sector plans for life after lockdown - Cafes, hotels and gyms implement measures that adhere to prolonged social distancing and stricter rules on cleanliness"

The FT article mentions arch-rival PureGym where "Humphrey Cobbold, CEO of PureGym ... said the chain would space out treadmills and limit the number of members on site at one time".

Clearly that is a major change for low-cost gyms which rely on high usage of their sites and will likely significantly impact member access, especially perhaps for smaller gyms.

I guess if running machines and workout machines are currently spaced, let's say, one foot apart, the likely new distancing requirements would significantly impact/reduce the number of machines per club going forward.


ALL IMO. DYOR.
QP

quepassa
21/4/2020
07:30
The share price was nicely marched up the hill to get to the 161p new equity issue price.

But it seems to me that the challenges facing the sector are nowhere near over yet.

Given the enormous and rising unemployment levels, the question is how rapidly members come back on stream when things ease. The rate of re-joining by members may take a lot longer than hoped for.


ALL IMO. DYOR.
QP

quepassa
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