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GYM The Gym Group Plc

115.40
0.60 (0.52%)
Last Updated: 14:34:52
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
  0.60 0.52% 115.40 114.80 115.40 115.80 110.60 115.80 292,868 14:34:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Physical Fitness Facilities 172.9M -19.3M -0.1082 -10.67 205.88M
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 £205.88 million. The Gym has a price to earnings ratio (PE ratio) of -10.67.

The Gym Share Discussion Threads

Showing 626 to 649 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
16/1/2021
14:10
From The Times Business section today
Rio Ferdinand, the footballer turned TV pundit, is set to join the board of Gym Group, the low-cost operator, as the company tries to recover from Covid disruption.

The former Manchester United and England player will join as an independent non-executive director on February 1. Wais Shaifta, chief executive of online doctor and prescription service Push Doctor, will join in the same capacity.

The company welcomed the “wealth of complementary business and life experience” the pair would bring.

The Gym Group, which traces back to a west London site opened in 2007 by John Treharne, operates 184 gyms across the country.

Ferdinand, 42, one of the most decorated English footballers, said: “This is an exciting new step for me. I am a passionate believer in the wide-reaching mental and physical benefits of living a healthy and active lifestyle.

“I have been impressed at how The Gym Group is breaking down barriers to fitness by providing high quality gym facilities at low prices with a welcoming and inclusive culture. I look forward to contributing as a director to the next stage of growth.”

In a separate announcement, the company said that revenues in 2020 fell by 48 per cent to £80.5 million as it lost 45 per cent of its trading days due to coronavirus restrictions.

The company, which froze all gym subscriptions during the national lockdowns, said that membership fell by 27 per cent to 578,000, adding that no student members had remained from its 2019 sign-ups.

rp
16/1/2021
13:36
Rio Ferdinand onboard , Smart guy
john09
15/1/2021
08:03
Pre-close trading update for the year ended 31 December 2020

Financial Highlights

-- Total revenue for 2020 was £80.5m (2019: £153.1m) with the Company losing 45% of the trading days in the year due to closure as a result of Government restrictions

-- Year-end non-property net debt of £47.3m (Dec 2019: £47.4m); cash flow positive during post-lockdown trading periods with £3.8m of deferred rents outstanding at the end of 2020

-- Monthly cash burn (before expansionary capex) during the current closure period will be c.£5m; this is lower than the monthly cash burn of c £6m in the November lockdown as a result of recently announced Government grant support

-- We have significant liquidity available under the Company's £100m bank facility. Given the ongoing impact from the latest lockdown and its implications for the operational reopening of our gyms, we have started discussions with our lending banks, who continue to be supportive, to review the future covenant tests relating to this facility

masurenguy
17/12/2020
07:18
Statement

"As of 12 December 2020, the Company has all of its gyms open. On 2 December, all gyms in England were re-opened, following a 4-week national lockdown, including our sites in Tier-3 locations. In Scotland, nine of the Company's 13 gyms were closed for three weeks as a result of local restrictions but these gyms re-opened on 12 December. All three gyms in Wales are currently open. As part of the acquisition of 13 sites from easyGym in 2018, the Company acquired two sites that had limited remaining terms on their leases: London Oxford Street and Birmingham Kings Heath. The Company has now agreed new leases on both sites and will be paying the previously agreed contingent consideration in instalments up to the end of 2021. Following a major refurbishment, the London Oxford Street gym re-opened on 2 December."

Notification of Trading Update
The Company will be issuing a pre-close trading update on 15 January 2021.

masurenguy
10/11/2020
08:31
They do but the infections rate is supposed to lower than a supermarket visit
mustafa15a
10/11/2020
08:31
They do but the infections rate is supposed to lower than a supermarket visit
mustafa15a
23/10/2020
15:28
Not sure its that easy to work out exactly where the virus is spread from, how do you know gyms don't cause any spreading?
jamessmith23
23/10/2020
08:20
Ridiculously low number of infections are caused by gyms, I am in Manchester Tier 3 and my gym is open and they have confirmed that they will remain open
mustafa15a
16/10/2020
10:13
Lancashire
fund1
16/10/2020
10:11
Lancaster in tier 3 but gyms allowed to stay open. Should think so too
fund1
15/10/2020
08:05
It is going to get worse.
The virus issue won't go away.

Restrictions are getting tighter and tighter again in UK and across Europe.

Paris going into 9pm curfew

quepassa
07/10/2020
14:16
Tighter restrictions just announced in Scotland allows gyms to stay open but bans group exercise.
simba_
06/10/2020
07:28
You assume I don't go to the gym. .And I completely agree that people need to be able to workout, I found it quite difficult during lockdown. But unfortunately, I think that leisure will be one of those effected by more restrictions. .The majority of people do wipe their machines after use. NOBODY wipes the weights that we all touch. NOBODY wipes the bottle of spray that everyone shares. The measures we're taking clearly aren't working to the extent that we hoped. So when tighter restrictions are announced, I do think gyms will be affected..It might do you some good to get a rest anyway after your 6 days per week workouts.
simba_
01/10/2020
17:07
"you should go into a gym and see how people are."

That's certainly not what I've experienced at my local Fitness First.

I've seen no evidence of staff proactively ensuring "hands are sanitised"

The majority of members do not clean the machines before or after use - the staff may occasionally wipe a machine down.

Social distancing is not observed - when I raised this with the staff they replied that they can't do anything if members come into the club together - staff are in no way assertive in this regard.

The younger the members the less adherence there is - older members are very few on the ground.

It's fortunate (so far) that I live in a part of the country with a low incidence.........

hawaly
01/10/2020
16:58
Totally disagree, you should go into a gym and see how people are. Your hands are sanitized before you go in and when you leave, the staff are consistently cleaning the machines and 90% of the people who are in the gym are cleaning their machines after use..... The gym is very important to us..... Aside from the stock... Its our lifestyle.
mustafa15a
24/9/2020
09:14
The potential of another lock down is very real, though. Or at least gyms being closed again. Gyms were one of the areas that were closed longest for a reason. They will most certainly be on the hit list when restrictions are tightened more. .Will they survive is the question.
simba_
24/9/2020
08:36
Let me guess it's because you have zero upper body strength?! Slob!! The gym is thriving... I am there 6 days a week and it's busy everyday, business is good, people are concerned because of a potential lock down..... That's all there is to it.
mustafa15a
21/9/2020
22:11
Gym is the last place I would visit, better morning 2mile jog enjoying fresh air,plenty of natural obstacles to use instead, running up and down steps etc All free too!
ny boy
21/9/2020
08:01
Interesting article in today's FT.

Lex column - page 26- headed "Gyms; class dismissed". Article talks about what is going on in the New York gym scene with two mainstays-Town Sports and FlyWheel Sports- both filing for bankruptcy protection.

Mentions Peloton whose shares have tripled this year.

Asks the question whether the big government drive to encourage people to walk/cycle to work and the rise of DIY fitness will impact fitness clubs.

Good Luck All.

ALL IMO. DYOR.
QP

quepassa
16/9/2020
17:05
I bought my first tranche at 135.9 LL
loss-leader
14/9/2020
15:47
After boris announced no gatherings of more than 6 the price may of dropped down to 1.45 however that's only made me buy more the fundamentals of the company look strong and going off the fact I don't believe that gyms will close again there's great growth potential for the stock
wh6688
14/9/2020
08:56
As an active gym user, my gym has fully returned to pre-Covid days and it's at a 80-90% capacity at all time... The only additional expense I see them incurring is the hand sanitizer and additional cleaning kits
mustafa15a
03/9/2020
08:39
Also a positive article in today's Times.
rp
02/9/2020
07:13
This was the most encouraging information especially when linked to the statement that they have sufficient finance resources to trade for the next 12 months. However, the uncertainities relate to any further possible local or national lockdowns that might apply if there is a resurgence in infections, or a second wave, during the autumn or winter period.

As at 25 July, prior to the first gyms re-opening, total membership was 658,000 members. As at 31 August 2020, total membership was 676,000 members; 639,000 paying members and a further 37,000 members on 'free freeze'; average age of members is 32. In the first five weeks of trading, the number of joiners was up 30% year-on-year and cancellations were up 6% year-on-year. 4 new sites, which had been under construction prior to lockdown, opened during August, taking total number of sites opened in 2020 to 8 and total number of gyms in estate to 183

masurenguy
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