Gear4music (Holdings) (G4M)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 137.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 166.00
  • 52 Week Low: 82.50
  • Currency: UK Pounds
  • Shares Issued: 20.98m
  • Volume: 28,355
  • Market Cap: £28.74m

Gear4music expects FY profits to beat expectations

By Iain Gilbert

Date: Thursday 02 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Musical equipment retailer Gear4music expects full-year profits to be ahead of previous expectations following commercial and operational progress made during the period.
The AIM-listed group said it had implemented "fundamental changes" across its business to ensure "a safe environment in line with current Government guidance".

Gear4music stated its call centre and administrative teams were all "successfully working from home" and noted it had implemented a wide range of social distancing measures and safety protocols in its distribution centres in the UK and Europe.

Chief executive Andrew Wass said: "Whilst it is impossible to predict what further operational actions may become necessary during the coming weeks and months, we remain committed to operating safely and serving our valued customers for as long as Government guidance allows.

"In addition to the economic benefits of uninterrupted trading, we are driven by the knowledge that learning a new instrument or improving musical skills can bring enormous mental wellbeing benefits to people of all ages, particularly in challenging times like these."

As of 0945 BST, Gear4music shares had shot up 24.18% to 211.10p.

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G4M Market Data

Currency UK Pounds
Share Price 137.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 166.00
52 Week Low 82.50
Volume 28,355
Shares Issued 20.98m
Market Cap £28.74m

G4M Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.31% above the market average44.31% above the market average44.31% above the market average44.31% above the market average44.31% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Income Not Available
Growth
42.17% below the market average42.17% below the market average42.17% below the market average42.17% below the market average42.17% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

G4M Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:34 9 @ 139.00p
15:24 61 @ 137.71p
12:17 109 @ 137.71p
09:23 176 @ 138.00p
08:17 20,000 @ 137.71p

G4M Key Personnel

CFO Christopher (Chris) David Scott

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