Updates

Gear4Music - Earnings forecast upgraded by 138%

August 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Gear4music, which sells musical instruments and equipment, went into orbit after reporting results for the year to 31 March. In the light of the statement, brokers have upgraded their current year expectations not once but TWICE in recent weeks - by a mammoth 138% - exactly as expected in my recent Buy note at 245p in January.As it was, the top line growth might not immediately have looked amazing at 2% to £120.3m but this was distorted by the fact that a change in the prior year meant comparisons were for 13 months against 12. Adjusting for that, sales were up 9% year-on-year. Pretax profit went to £3.5m (eps 13.9p) from a loss of £0.4m.Speaking to CEO Andrew Wass, he stresses that last year wasn& ...

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UP Global Sourcing - Forecasts upgraded again

Gear4music - Net debt falls £3.6m in 6 months (November 2024)

Gear4music - Time for a second bite at the cherry (August 2024)

Gear4Music (May 2022)

Gear4music (January 2022)

Gear4Music (February 2021)

Gear4Music (May 2020)

Gear4music (February 2020)

Gear4music - European rival falls into administration (January 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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