The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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liontrust adds to their holding from 11 to 12pc
We should have some news at the end of April, I’m hoping it’s positive because the share price has sunk so low! Anyone have any thoughts on how they might have done this year??
I see they did one this time last year. It would be good to have one soon as this just keeps going down!
It's a small cap stock with hardly any liquidity. MMs obviously not keen on holding positions so even small sales lead to them dropping the price. That then scares small holders into selling and so it goes on.
I'm still a believer - although disappointed in competitiveness of the new AV. com site.
november is gone and we are in feb -where are the investors here? sp action unfathomable
37 minutes with CEO Andrew Wass and chief finance officer Chris Scott:
https://www.ii.co.uk/analysis-commentary/gear4music-small-cap-online-retailer-shares-update-ii522051?utm_source=&utm_medium=email&utm_campaign=Copy%20of%20NEW-DLY-ENGAGE-ii_afternoon_round_up_171121%20(1)&utm_content=&spMailingID=16255742&spUserID=MTIxNjc2Mzg5MzQ0S0&spJobID=1874067881&spReportId=MTg3NDA2Nzg4MQS2
Bought historically all the way up to 800 only for the drop to around 200. Doubled up near those lows. Have subsequently sold - at a number of levels from 500-900. I am still learning to be a reasonable investor/trader.
When cash allows I might get back in at these levels. Like the founder and the business. People will want to buy instruments somewhere and decreasing number of specialist shops to buy at.
Whilst I once thought it would build on its pandemic lockdown figures through repeat business I was probably being unrealistic. Yes there will be repeat business, but not many folk are gonna make instrument purchases every year.
Speaking for myself I bought ukulele and percussion for young kids via the site a year and a bit ago and haven't needed anything else yet. But kids are moving forward instrumentally so I will be back for further purchases in next two years - eg. of guitars. I remember its efficient service, keen price and nice packaging.
So read as a whole my impression is that if we take unrealistic expectations away they have done really well. Building really well on pre pandemic figures. And new warehousing in Spain and Ireland should help them on price and minimising dislocations in a situation of Brexit and hgv driver shortage. It should grow at a decent rate in the next few years and make its way back to 1000 and beyond.
Last quarter was better than expected, this quarter was worse, but taken as a whole the underlying progress is impressive. Disappointing news about European distribution. The new distribution centres have not been running optimally, it seems it will take some time to hone them. Blame the politicians for short notice and bad deals. Analyst projections have pushed back growth by a few months, but another quarter will probably change their outlook again. Long term G4M look well placed in their markets
Thanks for posting ericeric.
I view this as a short term issue and very happy to sit tight and even add if the price dips lower than at present.
No doubt competitors being hit to a greater degree and G4M is well placed to prosper from that going forward.
Excellent results for the first half with UK sales matching last years COVID boosted levels! Europe down but given all the problems, not badly, and steps have been taken to bypass the problems introduced by Brexit. The market was clearly expecting a lot worse, with all the delivery, supply and fuel shortage issues hitting the headlines, but these numbers show the company thriving.
Thank you for your thoughts. The 13% drop to yesterday is rather more than its peers that I found in consumer leisure goods. So there must be something that concerns the "market" that I have not been able to find. G4M has a bit of a track record in big drops in SP. I have held increasing numbers of shares since their initial offering so the portfolio is rather sensitive. Wait and see, as usual!
I agree Laughton. The key point being this is short term dip due to short term problems and therefore an excellent opportunity to top up with some discounted shares of a company that I think hasn't excellent medium and long term potential.
I assume (could wll be wrong) that investors are dumping anything that relies on shipping stuff into the country (shipping rates went up extortionately but are now starting to come down a little), getting stuff from ports to their wharehouses (now HGV drivers) and then delivering the same stuff out to customers (no fuel and surely courier charges must start going up soon to account for increasing fuel costs).
I had a look at the website for that company they've just bought (AV Online) and almost every product I looked at they tagged as being "GUARANTEED IN STOCK" - sounds positive to me.
Any ideas as to why the SP has dropped 140 since 30 September? No director sales, no RNS. Anticipation of weak sales over Christmas?
This piece by Ben Hobson of Stockopedia lists a top 10 speculative "high flyers" including G4M. In his estimation they rank fourth on quality and momentum, but since their momentum (in terms of price strength over the last 6 months) is lower than all the stocks above them, presumably the quality is higher! Pretty encouraging, and much more credibility than Walletinvestor, imo.
https://www.ii.co.uk/analysis-commentary/10-speculative-high-flying-stocks-beating-market-ii520565?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-ii_afternoon_round_up_170621%20(1)&utm_content=newsletter&spMailingID=13952602&spUserID=MTIxNjc2Mzg5MzQ0S0&spJobID=1774524998&spReportId=MTc3NDUyNDk5OAS2
Thank you mate :) If anyone ever has questions check back here every few days or so!!!
Great post murky, useful perspective, and congrats on your degree.
Hi Guys
I've been a performing DJ and done just about every job in the events industry over my life (Just last week i finished a degree in the field) I also run a Jungle/DNB Event where I live and have a large social media network which gives me a relatively good view of what's happening in the industry on a national level.
I don't think i can remember a time when so many young people have been involved in music. The fact DJ'ing has moved to digital and the advent of controllers means any 15 year old kid can learn how to DJ. These kids are now getting old enough to come into venues and are hungry to improve just this weekend I played a sit down show and had a good chat with a lot of them they all have home set ups to practice on.
Music production is now incredibly accessible again a 15 year old can get a copy of fruity loops and some sample packs and a half decently priced PC that can run the software (that they would likely already have) and make some basic music. Youtube has incredible tutorials from famous producers to help get round the basics as well making it pretty much free to learn.
The people who pick this up are likely to continue investing in the equipment as well especially when it comes to VSTs .
Now I will admit I know nothing when it comes to the profit margin on these products but I think this trend will continue for a while and the return of clubs and these 18 year olds going raving for the first will only amplify that.
FY21 Highlights *
· Gross margin improved by 360bps to 29.5% (FY20: 25.9%; FY19: 22.8%)
· EBITDA now expected to be not less than £19.0m (FY20: £7.8m; FY19: £2.3m), ahead of current market expectations
· Net cash of £2.4m at 31 March 2021 (net debt at 31 March 2020 and 31 March 2019: £5.5m and £7.5m respectively)
Really impressed - and the outlook statement seems very confident
Added some thoughts and like others, looking for longer term gains.
https://martinflitton1.wixsite.com/privatepunter/post/g4m-turning-up-the-volume-26-02-21
Thanks all.
The last 2 years there has been a year end trading update on 2nd April. Hopefully something similar this year.
Well the Company has issued a year end trading update on April 2nd for the last 2 years so hopefully similar timing this year.
Would anyone be good enough to let me know when the next trading update might be? Surely we will get something before finals in June. I sold off half of my holding recently for some work on my house but think this has fallen way too far since then.
I think that is a given Hawfinch.
Plenty of sizeable buys recently, don't quite understand why the share hasn't risen given there is so little free stock.