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 UK revenues return to growth, EU sales impacted by post-Brexit challenges

By Iain Gilbert

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Musical instruments and equipment retailer Gear4music said on Thursday that UK revenues had returned to growth during July and August but cautioned that European revenues were still being impacted by post-Brexit challenges.
Gear4music stated that trading to date remained in line with internal expectations, although it added that the board remained mindful of ongoing uncertainties surrounding the Covid-19 pandemic and the potential for supply chain disruption during the second half of the trading year.

The AIM-listed group, which will have two new distribution centres in Ireland and Spain operational by the second-half, a move it expects to eliminate most of the remaining post-Brexit challenges, also revealed it had exchanged contracts to acquire AV Distribution, trading as AV Online, an online retailer of Home Cinema and HiFi equipment and, separately, the website domain name AV.com.

Gear4music said the considerations of £6.2m for AV Online and £3.0m for the AV.com domain name would be settled in cash drawn from its £35.0m revolving credit facility with HSBC.

The acquisitions were expected to "significantly increase" the group's addressable market size and also offer synergies between the market in which Gear4music currently operates, and the closely related but separate AV market.

Chief executive Andrew Wass said: "Trading during Q1 FY22 was stronger than the Board had expected although, as anticipated, behind the exceptional period of trading during FY21.

"As a result of the operational and commercial actions we are taking, and the acquisitions we are making, the Board retains a high level of confidence that the group is well positioned to deliver on its long-term growth strategy."

As of 0940 BST, Gear4music shares were down 1.75% at 953.0p.

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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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