Updates

Gear4music - Net debt falls £3.6m in 6 months

November 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.

Ahead of reporting on 19 November, G4M’s half year update saw the business return to revenue growth in Q2 (Q1: -4%, Q2: +1%) with further momentum being seen in October trading to date. Total revenues for H1 were flat at £61.7m with UK revenues up 4% to £38m and Europe down 9% to £23.7m. EBITDA is expected to be £2.9m (FY24 H1 £2.4m). Gross margin was 26.7%, a small decrease on H1 24 (27.1%) despite early challenges with the rollout of a new AI-based marketing system, which temporarily increased marketing costs and impacted the sales mix between its own-brand/third party. However, the problems are now resolved and the company has also reported a significant traction of the second-hand sales platform, both of which will widen ...

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Reach - Deutsche sets 190p target

Distribution Finance Capital

Gear4music (December 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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