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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 Shares Traded Last Trade
  -8.50 -3.62% 226.50 436,276 16:35:14
Bid Price Offer Price High Price Low Price Open Price
227.00 229.00 239.00 227.50 239.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 153.13 6.22 2.60 87.1 376
Last Trade Time Trade Type Trade Size Trade Price Currency
18:10:09 O 1,970 226.511 GBX

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Date Time Title Posts
10/11/202008:31GYM Group - get your daily workout and pump up635
01/12/200010:18Gympie Gold lunch2
01/11/200008:51Gympie grows on gold and coal1
01/11/200008:41Gympie grows on gold and coal1

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DateSubject
05/12/2020
08:20
The Gym Daily Update: The Gym Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GYM. The last closing price for The Gym was 235p.
The Gym Group Plc has a 4 week average price of 133p and a 12 week average price of 117p.
The 1 year high share price is 325p while the 1 year low share price is currently 75p.
There are currently 165,897,312 shares in issue and the average daily traded volume is 536,549 shares. The market capitalisation of The Gym Group Plc is £375,757,411.68.
23/10/2020
08:20
mustafa15a: 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
06/10/2020
07:28
simba_: 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.
01/10/2020
16:58
mustafa15a: 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.
12/7/2020
12:09
masurenguy: 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: https://www.thetimes.co.uk/edition/money/oversold-but-back-on-track-halfords-and-other-bargains-7dr0f5vnj
24/6/2020
08:42
masurenguy: "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
17/4/2020
12:52
masurenguy: Some variation in the latest broker forecasts although how they can provide any meaningful projections, when we still have no idea how soon they can reopen and what decline (if any) in the number of users may be, is just beyond me ! GYM The Gym Group. Berenberg: Buy 220 GYM The Gym Group. Liberum Capital: Buy 300 GYM The Gym Group. Peel Hunt: Buy 300
17/4/2020
09:43
masurenguy: 17 April 2020 The Gym Group PLC Results of the Placing The Gym Group plc, the nationwide operator of 179 low cost 24/7, no contract gyms, announces the successful completion of the placing announced yesterday. A total of 27,396,606 new ordinary shares of 0.01p each in the capital of the Company have been placed by Numis Securities and Peel Hunt, at a price of 150p per Placing Share (the "Placing Price"). Together, the Placing and Subscription of 27,512,181 new Ordinary Shares raised gross proceeds of approximately £41.3m. The Placing Price represents a discount of 6.8% to the closing share price of 161p on 16 April 2020. The Placing Shares and Subscription Shares (defined below) being issued represent together approximately 19.9% of the existing issued ordinary share capital of the Company prior to the Placing and Subscription. Overview (16 April) -- The net proceeds of the Placing and Subscription will be used to strengthen TGG's balance sheet and provide liquidity whilst TGG's gyms are closed during this period of unprecedented COVID-19 disruption -- The Board believes that a strengthened balance sheet will enable the Company to take advantage of growth opportunities in the immediate aftermath of the COVID-19 crisis both in terms of membership acquisition and by restarting its site roll out programme -- Credit approval has been received for an amendment to the Company's existing £70m committed bank facility, maturing October 2023, with its existing lenders HSBC, Natwest and Banco de Sabadell to provide commitments for an incremental £30m for an 18 month period (the "New Debt Facility"). The amendment which remains subject to final documentation, provides for a revised financial covenant testing regime and is subject to completion of the Placing -- The Board is confident that the additional financing from the Placing and Subscription and New Debt Facility, alongside a broad range of cost saving actions, will ensure sufficient liquidity even in the event of its most pessimistic trading scenario -- Directors and certain members of the Executive Management team intend to subscribe for Subscription Shares to contribute approximately £175k in aggregate. Rationale for the Placing The Company entered 2020 following a year of strong performance in 2019, and trading in January and February of 2020 was encouraging with the Group reaching record membership numbers of 891,000 at the end of February. However, in line with UK Government guidelines in response to COVID-19, on 20 March 2020 the Company temporarily closed all 179 of its sites. As announced on 19 March 2020, in anticipation of potential closures, management put in place a number of actions to reduce cash outgoings including halting the roll out of new sites and reducing both capital and operating expenditure to essential spend only. The Company also commenced discussions with its existing lenders HSBC, Natwest and Banco de Sabadell (the "Banks"). These discussions have progressed such that credit approval has been received for an amendment to its existing £70m committed bank facility, maturing October 2023, to provide additional commitments of £30m for an 18 month period. The amendment also provides for a revised financial covenant testing regime, taking into account the current period of closure of the Company's gyms and their reopening over the next six months, and remains subject to final documentation and completion of the Placing. During the period that the New Debt Facility can be accessed the payment of dividends requires the consent of the Banks. The Company has also continued to take further actions to conserve cash. This has involved ongoing discussions with the Company's landlord, supplier and employee stakeholders. In addition, the executive directors have taken a material temporary reduction in salaries and have deferred 50% of their 2019 bonus award. All non-executive Board members have agreed to forego their board fees for the second quarter of 2020. The Company is also participating in a number of the relevant UK Government COVID-19 support initiatives announced to date, including rates relief, the Coronavirus Job Retention Scheme for furloughed workers, and the deferral of some payments due to HMRC. As at 31 March 2020, the Company had cash on hand of £22.4m, having fully drawn its £70m existing bank facility. Management's immediate mitigation actions have in aggregate reduced the Company's monthly cash burn during the temporary closure period to £5m, excluding the unwind of working capital and other capital commitments over the next five months, which in total are approximately £12m. Given the uncertainty of the duration of the current disruption, the Board believes the Placing and Subscription to be a prudent measure to further strengthen the Company's balance sheet, working capital and liquidity position. The Board is confident that the steps being taken will ensure sufficient liquidity even in the event of its most pessimistic trading scenario which assumes a total closure of the estate for the remainder of 2020 and a significantly reduced membership upon reopening. The Board also believes that the strengthened balance sheet will provide the Company with the ability to take advantage of growth opportunities in the immediate aftermath of the COVID-19 crisis both in terms of membership acquisition and by restarting its site roll out programme.
20/3/2020
22:00
quepassa: 528 and 551 refer. Good Luck ALL It is informative to examine yesterday's full figures and ACCOUNTS. In particular, Gym's outgoings/amounts due such as Admin Expenses and Bank Interest, Trade and Other Payables etc etc. Of course, in normal times, these would just be part of normal cash-flow. All leisure sector businesses have generally been closed down by HMG for a protracted period. No-one can guess for how long. It is nonetheless by no means clear to me that the very substantial and welcome government support measures so far announced would however cover the majority business liabilities for every business. Some long-standing businesses may have accumulated more fat to help them weather lean times. Other businesses which may still be in the growth phase may have fewer reserves to fall back upon. The government has additionally announced helpful, if not vital, business loan facilities being made available at attractive rates, although such loans would need to be repaid and will impact gearing and gearing ratios. In the case of The Gym Group, one notes that the recent figures to 31/12/19 released yesterday reveal Current Assets of some £12m against Current Liabilities approaching £50m. It is interesting in this regard perhaps to consider the Quick Ratio or "Acid Test". It is not clear to me what insurance Gym Group has, if any, to cover Business Disruption of this nature for an extended period. The final two paragraphs on Page 20 of yesterday's Accounts under the rubric of "2. Basis of preparation" make for informative reading and offers perhaps both some encouragement and some doubt in equal measure. It is also interesting to consider the next paragraph in this same section on page 21 which contains the following words which must be carefully read in their full and proper context: "The Directors have concluded that the potential impact of the Covid-19 pandemic described above and uncertainty over possible mitigating actions represents a material uncertainty that may cast significant doubt on the Group and Company’s ability to continue as a going concern. Nevertheless, having assessed the combination of these various options and the impact of a potential liquidity shortfall in the event of a longer period of impact from the Covid-19 pandemic the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the next 12 months". Of course yesterday, when this was released, gyms were still open for business. Today gyms have been closed. Whilst one can but wildly guess, it would seem not unlikely that when life eventually normalises, that many smaller/mid-size leisure sector businesses may or may not require recapitalisation by way of issuing new equity whether in the form of (rescue) rights issues or issuing new equity to third parties. Both of which would lead to inevitable shareholder dilution. Good Luck to Gym Group and to shareholders. ALL IMO. DYOR. QP
17/1/2020
08:16
mount teide: Good results. Today there are circa 3,000 private gyms in the UK with an average monthly fee of £50, circa 2,700 public gym facilities with an average monthly fee of £30, and circa 650 low cost gyms with an average monthly fee of £18. Clients of Public sector gyms are the principal target of the low cost gyms, particularly since funding has been sharply cut for public sector sports facilities over the last decade, resulting in many having a limited range of ageing, tired looking equipment compared to the new low cost gym sector. Low cost gym membership has grown over the last 5 years at an average CAGR of 36%, while traditional high cost private and public sector gyms has seen no growth. Latest Industry forecasts have the number of low cost gyms doubling to circa 1,300 by 2025, while public gyms and private health club gyms are expected to continue experiencing no growth and membership declines. Let the trend be your friend.
11/1/2019
09:20
dtaliadoros: When I bought into this stock 2 years ago sub 1.80 All the brokers where saying gym share price was pricey. None of them saw how disruptive gym would be to fitness industry but I did. I would not have spotted this if I had not been a member and seen how hard they sweat their assets with gyms packed to the rafters. People love these gyms.
The Gym share price data is direct from the London Stock Exchange
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