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Pin to quick picksGear4music Share News (G4M)

Share Price Information for Gear4music (G4M)

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Share Price: 140.00
Bid: 135.00
Ask: 145.00
Change: 0.00 (0.00%)
Spread: 10.00 (7.407%)
Open: 140.00
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AIM WINNERS & LOSERS: Gear4music warns on Brexit supply chain issues

Tue, 16th Nov 2021 11:00

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Victoria Oil & Gas PLC, up 49% at 4.26 pence, 12-month range 2.7p-7.42p. Says perforations have been successfully added to well La-108 safely and under budget and an additional 42 metres of net pay has been added in the Upper Logbaba Formation in the well. In first few days of production, well has supplied up to 7.5 million standard cubic feet per day with a flowing wellhead pressure of over 200 barg. Chief Executive Roy Kelly is "absolutely delighted" with the result.

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Focusrite PLC, up 7.2% at 1,608.55p, 12-month range 910.08p-1,830p. The music and audio products company reports 34% growth in annual revenue to GBP173.9 million for financial year ended August 31 and pretax profit jumps to GBP35.0 million from just GBP7.0 million. Lifts dividend by 24% to 5.2p. Momentum continues into new financial year, with demand for vast majority of company's products remaining strong. "Our roadmap across all the brands remains robust, with many new product introductions planned to occur later in FY22. Accordingly, we are now cautiously optimistic about the prospects for modest revenue growth in the current year," it says.

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Zenova Group PLC, up 7.6% at 19.9p, 12-month range 15.02p-24.2p. Says its Zenova FP fire-resistant paint has been approved for use by the London Borough of Redbridge. This paves way for the paint to be used by contractors in local authority owned buildings. It notes: "Zenova FP became specified as a fire-resistant paint by the London Borough of Redbridge after Pelling LLP...included it in the specification for the refurbishment of Ilford High Road Deco Building; a project Pelling is managing on behalf of the London Borough of Redbridge."

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AIM - LOSERS

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Gear4music Holdings PLC, down 13% at 698p, 12-month range 627p-1,020p. Says third-quarter revenue to date is slower than expected due to Brexit-related supply chain challenges. "As such the board believes that results for the financial year will be lower than recently upgraded consensus market expectations," the online musical instruments and equipment retailer says. Board now expects full-year earnings before interest, tax, depreciation and amortisation to no less than GBP12 million, which would be down from GBP18.9 million in the prior financial year and below market consensus for GBP14 million.

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Coro Energy, down 10% at 0.26p, 12-month range 0.23p-0.8p. Signs agreement to jointly develop Vietnamese solar asset owner VPE's existing 150 megawatt portfolio of commercial and industrial rooftop solar PV installations. Coro will take an 85% stake in a newly formed joint venture to be named Coro Renewables Vietnam, with initial funding by Coro of USD500,000 to immediately develop a 5 megawatt pilot rooftop project through to 'Ready to Build' status

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Dotdigital Group PLC, down 9.2% at 227p, 12-month range 132.5p-295p. The marketing software company reports full-year organic revenue growth of 23% to GBP58.1 million in "strongest year to date amid pandemic-related challenges". Says that, as it enters the new year, trading environment is more normalised. "Although restrictions are easing and vaccination programmes are under way in most territories, Covid-19 will continue to be a risk factor for the foreseeable future, and not all its after effects will be easy to foresee. We therefore need to continue to monitor its impact on our customer base, and be ready to respond accordingly," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 13:52

Gear4Music set to meet annual expectations; reshuffles board

(Alliance News) - Gear4Music Holdings PLC on Wednesday said it is on track to meet its full-year revenue expectations and announced a board reshuffle.

Read more
24 Apr 2024 10:40

Gear4music trades in line, gross margins and profitability improves

(Sharecast News) - Music instruments retailer Gear4music said on Wednesday that its full-year performance was in line with market expectations, having delivered both gross margin and profitability improvements.

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18 Jan 2024 18:35

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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14 Nov 2023 12:26

IN BRIEF: Gear4Music interim results hit by European revenue decline

Gear4Music Holdings PLC - York, England-based online retailer of musical instruments and equipment - Pretax loss widens to GBP1.9 million in the six months that ended September 30 from GBP1.0 million a year before, as revenue declines to GBP62.6 million from GBP66.3 million. While UK revenue grows by 2.8% to GBP36.5 million from GBP35.5 million, European & Rest of World revenue falls by 15% to GBP25.1 million from GBP30.8 million. Gear4Music also takes GBP487,000 in redundancy costs, versus none a year before. Adjusted earnings before interest, tax, depreciation and amortisation is GBP2.9 million, up from GBP2.7 million. Gear4Music declares no interim dividend, unchanged.

Read more
14 Nov 2023 12:06

Gear4music lowers revenue expectations as it focuses on profitability

(Sharecast News) - Musical instrument and equipment online retailer Gear4music reported a 6% fall in total revenues in its first half on Tuesday, to £63.6m, although it adjusted its full-year revenue expectations downward.

Read more
7 Nov 2023 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 8 November 
Conduit Holdings LtdQ3 Results
Hiscox LtdTrading Statement
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ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
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Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
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B&M European Value Retail SAHalf Year Results
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Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
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John Wood Group PLCTrading Statement
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National Grid PLCHalf Year Results
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Renewi PLCHalf Year Results
S4 Capital PLCTrading Statement
Tate & Lyle PLCHalf Year Results
Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
TheWorks.co.uk PLCTrading Statement
Trakm8 Holdings PLCHalf Year Results
Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
Friday 10 November 
Allianz Technology Trust PLCQ3 Results
Wheaton Precious Metals CorpQ3 Results
Monday 13 November 
Bank of Cyprus Holdings PLCQ3 Results
British Land Co PLCHalf Year Results
Kainos Group PLCHalf Year Results
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Tuesday 14 November 
ActiveOps PLCHalf Year Results
Babcock International Group PLCHalf Year Results
Bank of Georgia Group PLCQ3 Results
Castings PLCHalf Year Results
ConvaTec Group PLCTrading Statement
DCC PLCHalf Year Results
Forterra PLCHalf Year Results
Gear4Music PLCHalf Year Results
Genel Energy PLCTrading Statement
HydrogenOne Capital Growth PLCQ3 Results
Hill & Smith PLCTrading Statement
Imperial Brands PLCFull Year Results
Informa PLCTrading Statement
Land Securities Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
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Renalytix PLCQ1 Results
Tullow Oil PLCTrading Statement
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Vodafone Group PLCHalf Year Results
Wise PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
19 Oct 2023 14:16

Gear4Music interim revenue dips on lower demand; to meet expectations

(Alliance News) - Gear4Music PLC on Thursday said overall interim revenue plunged on lower consumer demand but full-year outlook has been kept in line with market expectations.

Read more
19 Oct 2023 11:20

Gear4music H1 revenues down despite UK growth

(Sharecast News) - Musical instruments retailer Gear4music reported a drop in interim revenues on Thursday despite seeing modest growth in the UK.

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12 Oct 2023 15:53

UK earnings, trading statements calendar - next 7 days

Friday 13 October 
Ashmore Group PLCTrading Statement
City of London Investment Group PLCTrading Statement
CQS Natural Resources Growth & Income PLCFull Year Results
Premier Miton Group PLCTrading Statement
Schroder Japan Trust PLCFull Year Results
Town Centre Securities PLCFull Year Results
Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCFull Year Results
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Revolution Bars Group PLCFull Year Results
Rio Tinto PLCTrading Statement
Seraphim Space Investment Trust PLCFull Year Results
Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
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Antofagasta PLCTrading Statement
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Cirata PLCTrading Statement
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Liontrust Asset Management PLCTrading Statement
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Deliveroo PLCTrading Statement
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London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
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PensionBee Group PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
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LONDON MARKET CLOSE: Stocks end higher on hopes of interest rate peak

(Alliance News) - Stocks in London closed in the green on Friday, with markets riding high on the hopes that interest rates in the UK may soon hit their peak.

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8 Sep 2023 13:52

Gear4music trading in line as it focuses on cost reductions

(Sharecast News) - Musical instrument and equipment retailer Gear4music said in an update on Friday that trading in the financial year to date had been in line with the board's expectations.

Read more
8 Sep 2023 10:23

IN BRIEF: Gear4Music says margins increasing; 2nd hand shop launched

Gear4Music PLC - York, England-based retailer of musical instruments and equipment - Chief Executive Officer Andrew Wass tells annual general meeting that trading in its financial year that began on April 1 has been in line with board expectations. Cites consensus market expectations of GBP10.0 million in earnings before interest, tax, depreciation and amortisation in financial 2024 on revenue of GBP161.2 million. This would compare with GBP7.4 million and GBP152.0 million in financial 2023.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
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Gear4music swings to annual loss but revenue rises and outlook hopeful

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more

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