The Gym Share Discussion Threads

[bionicdog] 26/11/2024 09:31

Bargain if you want some coloured bumpers postage free.

[gswredland] 11/11/2024 09:35

And with good reason!

[johnrxx99] 11/11/2024 08:59

CR pumping this one, LOL

[bionicdog] 20/10/2024 14:16

I notice that Rogue now allow you to pay in GBP , which means that you can get an Ohio power bar for £302 shipped free from the USA.

[socionomics] 03/7/2024 08:32

Reason for the rise?

Surely these guys will be taken out soon!

Peel Hunt: The Gym Group in good shape
The gym sector continues to recover which is a source of optimism for low-cost operator The Gym Group (GYM), says Peel Hunt.

Analyst Douglas Jack reiterated his ‘buy’ recommendation and target price of 225p on the Citywire Elite Companies + rated stock, which gained 1.1% to 111.6p on Monday.

A preview ahead of a July trading statement provided an update on market trends, revealing memberships are now above 2019 levels, with headline prices up 15%.

Jack said that the top three low-cost operators account for more than 80% of the low-cost market, and ‘dominate the gym sector’s supply growth’.

‘Outside the top three low-cost operators, there is minimal supply growth in the wider market,’ he said. ‘We believe this has supported The Gym Group’s pricing growth and sales recovery.’

While Jack is expecting to keep forecasts on hold after the July update, he views ‘the sales recovery in the traditional gym market as a source of optimism and future market share as The Gym Group strategy evolves’.

[dexterburt1] 26/4/2024 06:09

Bit puzzled why GYM need to appoint Savills to advise on site selection. 235 gyms into their expansion with domestic focus, they should know what works!?

[coinkeeper] 15/3/2024 21:43

Yep, agree, hard to define the future of GYM. Are they looking at growth or dividend for share holder.. I Need to see them grow assets and pay down debt with a small dividend to keep my shares.

[dexterburt1] 14/3/2024 13:48

Encourage you to read the cash flow statement. They're reinvesting to grow - I'd rather they build new sites at 20-30% ROIC than stand still and pay me a dividend. This is the problem with the LSE - holders want steady income stocks!..

[garbetklb] 13/3/2024 13:23

FY results "we are fully focused on our aim of making high value, low cost fitness even more accessible for all". It would be nice if they, at least partially" focused on making some ££ for the owners.......

[danb45] 10/1/2024 11:38

good update

[bionicdog] 22/11/2023 08:25

Just arrived by pallet delivery.

[bionicdog] 10/11/2023 19:02

This is an absolute bargain if you have the room. Look at the dimensions , it is massive and currently cheaper than any of the smaller ones on the market.

[kalai1] 12/9/2023 13:34

The Gym Group plc posted interims for the HY ended 30th June this morning. Revenue grew 18.5% year-on-year to £99.8m, membership at 30 June 2023 was 867,000, up 9.7% year on year. Group adjusted EBITDA was up 4.8% to £35.1m, statutory loss after tax was a little wider at £6.1m. The business is not yet back to profitability or positive EPS following the Pandemic, but it is moving in the right direction. Net Debt lowered to £69.7m while guidance for FY 2023 was reiterated, namely that revenue growth will broadly be offset by cost inflation, while leverage is expected to remain within the range of 1.5 to 2.0x. Valuation looks average with PS ratio at 1.16x, the share price also lacks positive momentum. GYM is moving back in the right direction but remains a share to monitor for the time being...

...from WealthOracle

[johndoe23] 17/7/2023 16:05

I thought short here, after update I thought maybe not. But upon closer inspection, maybe shirt again!

[1cripes] 17/7/2023 12:42

I see that too JD. Revenue akin to pre Covid, operating costs far greater and with a higher debt burden. P and L needs a really good work out!

[johndoe23] 17/7/2023 11:36

Revenue increase still less than inflation, shows no pricing power. Gym occupation still below pre covid too

[cr1pes] 17/7/2023 11:12

Dan45....Hope may be all there is. Lets see. Stitching together the March 2023 trading statement and this most recent statement IMHO provides a less optimistic outlook than a rather flattering trading update that really just reports rebuilding revenue as a consequence of Covid closures. The March 2023 statement sets out that the performance at that time was “uneven….vs Board expectations”. The June update reports a reduction in membership from 890,000 at the end of February 2023 to 867,000. This 13th June trading statement also reports a small slowdown in revenue growth from 18.7% to 18.5%. Most tellingly the TS does not undo the March 2023 statement from the Board that additional year on year revenues would be offset by increased costs. I see the most recent share increase as a reflection of the sentiment that naturally arises when a company reports revenue alone without any cost update. I assume that the reports in March of a slowdown in new site openings is a nod to the increases in the cost of money which will curtail any aspirations to grow their way out of a tough revenue environment until the cost of borrowing reduces.

[danb45] 13/7/2023 20:39

let's hope this is the start of a recovery

[1cripes] 19/6/2023 11:29

Wegovy and other pharmacological solutions/developments will doubtless apply further downward pressure on this share in my humble opinion.

[1cripes] 17/5/2023 08:39

JP Morgan increase short 12th May.
Interesting synergy between high street coffee brands and Pure and Gym Group locations. The new non exec appointment at Gym Group speaks to this strategy. A latte with your sit up?

[cr1pes] 28/3/2023 11:57

Sticks and stones...

[pugugly] 28/3/2023 11:27

Shorters in control - Including recently joined new black members on this board (Name changers?)

[cr1pes] 28/3/2023 10:51

Half price membership for an already budget priced gym operator could, as you say, appear desperate. More so in this case if the price discount is on an easy in - easy out membership arrangement. Many might consider taking up the half price membership and then simply leave next month. If the half price membership is linked to a longer term contract then that could be a sensible incentive but would be against the Groups expressed no contract proposition, which is a dated concept IMHO and a bit of realness is needed here. Either way the market and momentum is now against them with visible shorts increasing since January. Could be many that are holding short positions below the 0.50% reportable threshold.
There are arguments for long term value here on an if if if if if if if basis, but for now expect new lows and pressure on the Board to take this private. All in my humble opinion.