Updates

Gear4music

February 2025

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.

Investors may recall from my August write up that improvements were starting to become visible and despite the difficult consumer backdrop, it’s pleasing to see a positive Q4 update. Group sales for the three months to end December were up 6% to £49m. UK revenues were up 13% to £29.7m (an acceleration over the 3% in H1) although European sales were down 4% to £19.3m (but this is an improvement over the 15% decline in H1). All this was achieved with a gross margin of 28.1%, an increase of 140bps year-on-year. On the back of this robust trading performance, the group looks well set to hit consensus expectations of £2.9m pretax profit and eps of 9.4p. Strong hold. ...

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Craneware

Gear4music (December 2024)

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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