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Pin to quick picksGear4music Share News (G4M)

Share Price Information for Gear4music (G4M)

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Share Price: 135.00
Bid: 130.00
Ask: 140.00
Change: 0.00 (0.00%)
Spread: 10.00 (7.692%)
Open: 135.00
High: 130.00
Low: 130.00
Prev. Close: 135.00
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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
6 Apr 2023 10:56

Gear4Music shares slip as warns profit to miss outlook

(Alliance News) - Gear4Music PLC on Thursday said annual profit will fall short of consensus, though it expects to report a sales climb.

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6 Apr 2023 07:24

Gear4music warns on profits, cites weaker consumer demand

(Sharecast News) - Gear4music warned on full-year profits on Thursday as it pointed to weaker consumer demand.

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19 Jan 2023 16:22

Gear4music margins struggle through December quarter

(Sharecast News) - Gear4music reported an 11% rise in European sales in the December quarter on Thursday, to £23.5m, which it put down to the successful execution of infrastructure investment during 2022 to improve its customer proposition.

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19 Jan 2023 12:29

Gear4Music UK revenue stagnant amid weak demand and postal strikes

(Alliance News) - Gear4Music PLC on Thursday said UK sales remained flat in the three months that ended December 31, as its global operations see growth.

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19 Jan 2023 10:53

AIM WINNERS & LOSERS: Kodal Minerals wins USD118 million in funding

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

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15 Nov 2022 12:17

Gear4Music turns to interim loss as costs increase

(Alliance News) - Gear4Music PLC on Tuesday said it swung to a loss in the first half of its financial year, amid inflationary pressure on costs and as revenue was hit by lower consumer confidence and hot weather during summer.

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8 Nov 2022 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 9 November 
Aviva PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Biffa PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
Esken LtdHalf Year Results
FirstGroup PLCHalf Year Results
Flutter Entertainment PLCTrading Statement
Gelion PLCFull Year Results
Georgia Capital PLCQ3 Results
Gym Group PLCTrading Statement
JD Wetherspoon PLCTrading Statement
ITV PLCTrading Statement
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Norcros PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Smiths Group PLCTrading Statement
Smiths News PLCFull Year Results
Taylor Wimpey PLCTrading Statement
Tracsis PLCFull Year Results
Volex PLCHalf Year Results
Watches of Switzerland Group PLCHalf Year Results
Thursday 10 November 
3i Group PLCHalf Year Results
Allianz Technology Trust PLCQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Bank of Georgia Group PLCQ3 Results
ConvaTec Group PLCTrading Statement
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Grafton Group PLCTrading Statement
Haleon PLCQ3 Results
Manolete Partners PLCHalf Year Results
National Grid PLCHalf Year Results
Nightcap PLCFull Year Results
Qinetiq Group PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
Spirent Communications PLCTrading Statement
Smoove PLCHalf Year Results
Tate & Lyle PLCHalf Year Results
TT Electronics PLCTrading Statement
Vistry Group PLCTrading Statement
Young & Co's Brewery PLCHalf Year Results
WH Smith PLCFull Year Results
Friday 11 November 
Beazley PLCHalf Year Results
Permanent TSB Group Holdings PLCTrading Statement
TheWorks.co.uk PLCTrading Statement
Urban Logistics REIT PLCHalf Year Results
Monday 14 November 
Atalaya Mining PLCQ3 Results
Biome Technologies PLCTrading Statement
Cake Box Holdings PLCHalf Year Results
Diversified Energy Co PLCTrading Statement
HgCapital Trust PLCQ3 Results
Informa PLCTrading Statement
Kainos Group PLCHalf Year Results
MySale Group PLCFull Year Results
S4 Capital PLCQ3 Results
Totally PLCHalf Year Results
Tuesday 15 November 
BAE Systems PLCTrading Statement
Gear4Music PLCHalf Year Results
Imperial Brands PLCFull Year Results
Land Securities Group PLCHalf Year Results
Melrose Industries PLCTrading Statement
Ninety One PLC and LtdHalf Year Results
R&Q Insurance Holdings LtdQ1 Results
Speedy Hire PLCHalf Year Results
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Vodafone Group PLCHalf Year Results
Wincanton PLCHalf Year Results
Workspace Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
20 Oct 2022 17:30

Sales rise ahead of Gear4music's peak trading period

(Sharecast News) - Musical instruments and equipment retailer Gear4music reported total first-half sales growth of 2% to £66.3m in a trading update on Thursday, despite the challenges it described in September.

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20 Oct 2022 15:46

IN BRIEF: Gear4Music shares rise as says trading has improved recently

Gear4Music PLC - York-based online musical instruments and equipment retailer - Sales rise 2.5% to GBP66.3 million in the six months that ended September 30 from GBP64.7 million a year before. European & Rest of the World sales improve by 10% to GBP30.8 million from GBP28.0 million, but UK sales decline by 3.3% to GBP35.5 million from GBP36.7 million. Gross margin in the financial first half narrows to 26.3% from 28.0% a year before, due to "targeted stock reductions".

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9 Sep 2022 17:17

LONDON MARKET CLOSE: Stocks rally, shaking off ECB hike and Fed hawks

(Alliance News) - European markets rallied on Friday, with miners leading the way on London's blue-chip index, as investors put rate hike worries to one side for now.

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9 Sep 2022 08:38

Gear4Music shares down as cost of living crisis hits annual guidance

(Alliance News) - Gear4Music PLC shares dropped on Friday as it lowered its annual guidance amid the cost of living crisis and hot summer.

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9 Sep 2022 08:10

Gear4Music downgrades expectations for 2023

(Sharecast News) - Gear4music downgraded its full-year expectations on Friday, pointing to the cost-of-living crisis and a lack of visibility over when consumer sentiment might improve, sending shares in the musical instruments retailer tumbling.

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2 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Monday 5 September 
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Euromoney Institutional Investor PLCGM re takeover offer by Astorg and Epiris
Gabelli Merger Plus+ Trust PLCGM tender offers
Invesco Asia Trust PLCAGM
LendInvest PLCAGM
Lindsell Train Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
ScotGems PLCGM re voluntary liquidation
Semper Fortis Esports PLCAGM
Severfield PLCAGM
Speedy Hire PLCAGM
SysGroup PLCAGM
WH Ireland Group PLCAGM
XPS Pensions Group PLCAGM
Friday 9 September 
Baillie Gifford UK Growth Trust PLC
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CLS Holdings PLCGM re tender offer
Gear4Music Holdings PLCAGM
Newcrest Mining LtdAGM
Pensana PLCAGM
ReNeuron Group PLCAGM
SVM UK Emerging Fund PLCAGM
Victoria Oil & Gas PLCAGM
Voyager Life PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Jun 2022 12:01

IN BRIEF: Gear4music shares rise on outlook but annual profit lower

Gear4Music (Holdings) PLC - York-based online musical instruments and equipment retailer - Reports lower pretax profit but touts strong pipeline of growth for financial year 2023. Pretax profit for the financial year ended March 31 shrinks to GBP5.0 million from GBP14.6 million a year ago. Revenue dips to GBP147.6 million from GBP157.5 million. Proposes no dividend, unchanged to a year ago, as it aims to retain money for growth. Marketing expenditure rose by 7.3% to GBP10.8 million from GBP9.2 million in the year. Labour costs widened 7% to GBP13.1 million from GBP12.3 million.

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21 Jun 2022 10:13

Gear4music FY earnings slip against Covid-fuelled outperformance

(Sharecast News) - Musical equipment retailer Gear4music said on Tuesday that revenues and profits had slipped in the twelve months ended 31 March as Covid-fuelled comparatives proved too tough to match.

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