Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGear4music Share News (G4M)

Share Price Information for Gear4music (G4M)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
G4M Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Gear4music Strikes Right Note As Sales Jump

Thu, 23rd Jul 2020 18:02

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

----------

Gear4music Holdings PLC - musical instruments retailer - Revenue in three months to June 30, its first quarter, surged 68% to GBP37.3 million. UK alone sales jumped 80% to GBP21.2 million. Covid-19 lockdown created "exceptionally strong period of trading".

----------

ATTRAQT Group PLC - online shopping technology provider based in London - Saw "significant" increase in usage volumes during virus lockdown. In year to date has secured GBP10.7 million worth of contract renewals, versus GBP3.9 million this time last year.

----------

Strix Group PLC - kettle safety controls maker - Said it had a "resilient" performance in the six months to June 30, helped by a "marked recovery" in June. Has "strong order book visibility" for July and August and on track to deliver 14 new products this year.

----------

XLMedia PLC - Jersey-based performance marketing company - Expects revenue of USD27.5 milllion and Ebitda of USD3.5 million in first half. Notes period was hurt by Google search deranking and Covid-19 pandemic.

----------

Learning Technologies Group PLC - digital learning services provider - Says "robust" first half was in line with internal expectations. Expects revenue to inch roughly 2% higher annually to GBP64.0 million. Has repaid all furlough money back to UK government.

----------

Igas Energy PLC - oil and gas producer onshore in Britain - Began water injection at Scampton North site on schedule and on budget, despite virus.

----------

Journeo PLC - information systems and transport technical services company - Received new orders worth GBP800,000 for transport infrastructure upgrades from West Midlands Combined Authority. Adds that overall interim trading has been better than the same period last year.

----------

dotDigital Group PLC - marketing automation - Organic revenue from continuing operations climbed 12% to GBP47.4 million in year ended June 30. Adjusted earnings before interest, tax, depreciation and amortisation expected to be "comfortably" ahead of market forecasts.

----------

SimplyBiz Group PLC - compliance and business services - Revenue in first half ended June 30 inches 0.7% lower annually to GBP28.9 million from GBP29.1 million. Expects full year adjusted earnings per share to be no less than 11.0p, down from 13.0p in the year prior.

----------

Personal Group Holdings PLC - employee services provider - Says Ebitda for six months to June 30 GBP5 million higher year-on-year, ahead of expectations. Revenue flat at GBP30 million. Intends to pay a full third quarter dividend of 5.9 pence per share after reduced second quarter payout.

----------

Kin & Carta PLC - business consultancy firm - Lenders agree to raise ceiling of quarterly leverage covenant to 5.0 times Ebitda, from 2.5 times, for four quarters starting from period ending July 31. Says net revenue for second half ended July 31 expected to fall 20% annually due to Covid-19 hit.

----------

Equals Group PLC - e-banking and international payments company - Revenue in six months to June 30 inched up to GBP13.7 million from GBP13.6 million. To cut staff numbers between 15% and 20% from the high point of 341 from December 2019.

----------

ICG-Longbow Senior Secured UK Property Debt Investments Ltd - London-based fund manager - Provides GBP16.9 million loan facility to a vehicle managed by GMG Real Estate to back its purchase of an office property in St James's leased to a UK Government agency

----------

Unicorn AIM VCT PLC - venture capital trust - Net asset value per share "recovered strongly" to 159.2 pence in three months to June 30, up 24% quarter-on-quarter. FTSE AIM All-Share Index by comparison delivered a total return of 30%, FTSE All-Share rose 10%.

----------

Helical PLC - London-based property investor - Rent collection for June quarter currently just over 77%, with just shy of a further 14% to be paid in instalments before September.

----------

Vp PLC - Harrogate-based equipment rental firm - Says demand picking up after low April when revenue slumped to 55% of normal levels. Two-thirds of staff now returned from furlough. Positive about long-term outlook and expects return to historic levels during 2021.

----------

Alumasc Group PLC - building products group - Expects 16% revenue decrease to GBP76 million in year ended June 30, "entirely as a result of the Covid-19 lockdown". Notes improved levels of trading in July with all sites and manufacturing locations operational again.

----------

NAHL Group PLC - Northamptonshire-based legal services - Revenue for six months to June 30 expected at GBP20.4 million, down 21% annually from GBP25.8 million. Underlying earnings expected between GBP1.0 million and GBP1.2 million, down from GBP3.4 million.

----------

McKay Securities PLC - office, industrial and logistics-focused real estate investment trust - Says June rent collection at 74% from agreed monthly and deferred payment plans and rises to 92% on receipt of income. March rent at 82%, rising to 97% on receipt of income.

----------

Property Franchise Group PLC - Bournemouth-based lettings and estate agency franchisor - First revenue expected to shrink to GBP5.2 million from GBP5.4 million. Notes June revenue was 5% higher annually as "demand returned". Confirms it will pay a 2.1p interim dividend.

----------

IronRidge Resources Ltd - Africa-focused minerals explorer - Reports "visible gold" found in reverse circulation drilling at Ehuasso target located in Zaranou project, Cote d'Ivoire.

----------

W Resources PLC - tungsten, tin and gold mining company with assets in Spain and Portugal - Reports second quarter tin metal production rose 65% quarter-on-quarter to 20.0 dry metric tonnes at La Parilla mine, Portugal. Tungsten output fell 17% to 2,756 metric tonne units.

----------

UK Oil & Gas PLC - oil and gas producer - Strikes deal with Aladdin Middle East Ltd to take 50% stake in Resan licence, Turkey. Will fund the first of five commitment wells in the licence's five-year exploration term and a seismic survey, for a total cost between USD1 million and USD1.5 million.

----------

Greatland Gold PLC - precious metals explorer - Notes Newcrest Mining Ltd which said it found a new zone of mineralisation at Havieron gold asset, Western Australian.

----------

Petra Diamonds Ltd - diamond producer - Says Covid-19 "significantly reduced activity" in year ended June 30. Cancelled its usual May and June 2020 tenders due to the significantly reduced demand but reported USD10.5 million in fourth quarter sales. Annual output down 7% to 3.6 million carats, revenue down 36% to USD295.8 million.

----------

Mosman Oil & Gas Ltd - oil exploration, development and production company - Output in six months to June 30 falls 32% to 37,226 barrels of equivalent from 54,987 boe in six months ended December.

----------

ValiRx PLC - London-based clinical stage biotechnology company - To re-locate to an office in Nuneaton, Midlands to save costs. Notes VAL201 on track to report headline results in the third quarter. Plans to raise GBP1.4 million from placing, subscription, conversion and a broker option, issuing 18.0 million shares in total. Will go towards advancing early stage clinical candidates.

----------

Animalcare Group PLC - animal health firm - Says first half trading was "resilient" despite Covid-19 disruption. Overall performance for six months to June 30 was below last year's levels but at the higher end of scenario modelling. Revenue expected to be down 4.4% annually to GBP34.5 million.

----------

Symphony Environmental Technologies PLC - developer of additives to make ordinary plastic biodegradable - Notes Eurofins Laboratories unveiled positive results from a trial for Symphony's d2p antimicrobial masterbatch technology on bovine coronavirus. It found just shy of a 100% reduction in virus. "Bovine coronavirus is a close beta coronavirus surrogate for Covid-19," Symphony said.

----------

OptiBiotix Health PLC - York-based life sciences company - Extends terms of manufacturing, supply and profit sharing agreement with Agropur MSI LLC. Extends product range to include WellBiome gut health product as well as SlimBiome weight loss product.

----------

Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - Reports revenue of GBP5.7 million in first quarter ended June 30 down 39% on a like-for-like basis. Says financial 2020 revenue edged 2% higher. Says first sales of SARS-Cov2-IgG test made in July.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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
Vesuvius PLCTrading Statement
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.

Read more
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".

Read more
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.

Read more
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.

Read more
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.

Read more
2 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Monday 5 September 
Highway Capital PLCAGM
Hill & Smith Holdings PLCAGM
Hydrogen Utopia International PLCAGM
LXi REIT PLCAGM
Monks Investment Trust PLCAGM
Totally PLCAGM
Tuesday 6 September 
Ashtead Group PLCAGM
Berkeley Group Holdings PLCAGM
Brickability Group PLCAGM
Castelnau Group LtdAGM
DS Smith PLCAGM
Lamprell PLCAGM
Renold PLCAGM
Wednesday 7 September 
BlueRock Diamonds PLCAGM
CVC Income & Growth LtdEGM
Halfords Group PLCAGM
Jupiter Green Investment Trust PLCAGM
Mulberry Group PLCAGM
Okyo Pharma LtdAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Seed Innovations LtdAGM
Trifast PLCAGM
Yellow Cake PLCAGM
Thursday 8 September 
Atlantis Japan Growth Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM proposed equity capital raise
Caretech Holdings PLCGM takeover by Sheikh Holdings Group
Chariot LtdAGM
Chelverton UK Dividend Trust PLCAGM
Currys PLCAGM
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
AGM
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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.