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Gear4music

December 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.

Latest H1 to end September from Gear4Music, the largest online music reseller in Europe, showed a return to sales growth in Q2 (+1%) from Q1’s decline of -4%. It lost £1.2m this H1, which is often the case but reiterated it expects to hit its £2.8m pretax profit target (EPS 9.4p) for the year to end March, which leaves the shares looking interesting. The UK market remained the star, with a 6% sales increase to £38.7m in H1, with the UK market posting a remarkable five-year compound annual growth rate (CAGR) of 9% since the FY20 pre-Covid period. In contrast, European operations continue to wobble, with H1 sales dropping by 12% to £23m. Over a five-year horizon, this market has seen a marginal CAGR decline of 1.3%. While ...

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Dr. Martens

Gear4music (February 2025)

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 - 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.

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