Primary Recommendations

Gear4music - Time for a second bite at the cherry

August 2024

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, the UK’s largest online retailer for musical instruments, audio recording equipment, amplifiers, keyboards and associated accessories, have fluctuated significantly over the past five years. On SCSW, I originally wrote about them at 245p in January 2020 when I noticed that one of its largest European rivals (4Sounds/Luthman) had gone out of business, creating the perfect climate for G4M to expand into the European market. By February 2021, the price had risen to 800p and I suggested locking in massive profits. At the time, many people were in lockdown and had taken up playing musical instruments (guitars, drums, pianos and violins and even ukuleles), which caused sales to soar but my feeling was that the business wa ...

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Market Comment - August '24

Kinovo - Finally eliminates a management distraction

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

Gear4Music (May 2022)

Gear4music (January 2022)

Gear4Music (February 2021)

Gear4Music - Earnings forecast upgraded by 138% (August 2020)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X