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Pin to quick picksGear4music Share News (G4M)

Share Price Information for Gear4music (G4M)

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Share Price: 127.50
Bid: 125.00
Ask: 130.00
Change: 1.00 (0.79%)
Spread: 5.00 (4.00%)
Open: 127.50
High: 127.50
Low: 127.50
Prev. Close: 126.50
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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.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2022 15:55

DIRECTOR DEALINGS: Gear4Music CEO Andrew Wass buys 50,000 shares

(Alliance News) - Gear4Music said on Monday that Chief Executive Officer Andrew Wass bought 50,000 shares in the online musical instruments and equipment retailer, spending GBP92,500.

Read more
16 May 2022 13:52

Director dealings: Energean non-exec makes £1.35m sale, Gear4music CEO invests

(Sharecast News) - Musical instruments and equipment retailer Gear4music was at the top of the list of director buys on Monday, after its chief executive officer spent over £90k on shares.

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21 Apr 2022 11:30

IN BRIEF: Gear4Music shares dive 30% as posts lower sales outside UK

Gear4Music (Holdings) PLC - York-based online musical instruments and equipment retailer - Posts lower annual sales for its financial year ended March 31. Total sales fall by 6% to GBP147.6 million from GBP157.5 million a year ago. Sales in non-UK Europe and rest of the world decrease by 18% to GBP65.0 million from GBP78.8 million.

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21 Apr 2022 11:17

AIM WINNERS & LOSERS: Solid State and Churchill China get profit rises

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

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21 Apr 2022 07:45

Gear4Music shares slump as FY EBITDA set to miss expectations

(Sharecast News) - Shares in musical equipment retailer Gear4music tumbled on Thursday after it revealed full-year underlying earnings would be markedly lower in 2022 after total sales slipped as an uptick in the UK was offset by a decline in Europe and the rest of the world.

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20 Jan 2022 16:50

TRADING UPDATES: City Pub and Revolution Bars see Omicron hit

TRADING UPDATES: City Pub and Revolution Bars see Omicron hit

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13 Dec 2021 15:09

IN BRIEF: Gear4Music CEO Wass sells GBP12 million in shares, 8% stake

IN BRIEF: Gear4Music CEO Wass sells GBP12 million in shares, 8% stake

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13 Dec 2021 15:04

Director dealings: Gear4music CEO nets £12m in institutional sale

(Sharecast News) - The founder and chief executive officer of musical instruments and equipment retailer Gear4music enjoyed a £12m payday on Monday, after he sold 1.65 million shares in the company.

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2 Dec 2021 19:23

TRADING UPDATES: Oxford Metrics rebounds; Fulcrum reaffirms guidance

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16 Nov 2021 12:23

TRADING UPDATES: Focusrite profit jumps; Gear4Music strikes bum note

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13 Oct 2021 14:34

IN BRIEF: Gear4Music says UK sales holding up but reverting elsewhere

IN BRIEF: Gear4Music says UK sales holding up but reverting elsewhere

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9 Sep 2021 14:46

IN BRIEF: Gear4Music's UK sales rebound but Brexit hits European trade

IN BRIEF: Gear4Music's UK sales rebound but Brexit hits European trade

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9 Sep 2021 09:13

Gear4Music UK revenues return to growth, EU sales impacted by post-Brexit challenges

(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.

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