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Share Price Information for Gear4music (G4M)

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Share Price: 126.50
Bid: 125.00
Ask: 130.00
Change: -1.00 (-0.78%)
Spread: 5.00 (4.00%)
Open: 127.50
High: 127.50
Low: 126.50
Prev. Close: 127.50
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UK TRADING UPDATE SUMMARY: Quartix Annual Earnings To Beat Consensus

Thu, 22nd Oct 2020 14:58

(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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Quartix Holdings PLC - vehicle tracking - For 2020, adjusted earnings before interest, taxes, depreciation and amortisation set to be 15% ahead of consensus expectations, which stands at GBP6.9 million. Revenue is set to be line with consensus expectations, which was GBP25.8 million. In the first nine months of 2020, Quartix achieved 7% revenue growth, as the subscription base rose by 11%.

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XPS Pensions Group PLC - pensions advisory - Performance for the six months to the end of September was in line with management expectations, with revenue growing by 6%, on strong trading from all businesses. As a result, expects full-year results in meet management expectations. In particular, Pensions Investment Consulting was buoyed by added project work as a result of Covid-19 related market volatility.

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SDI Group PLC - Cambridge-based medical technology firm - Reported a very good start to its financial year ending April 30, 2021, due to significant contracts won by two of its businesses Atik Cameras and MPB Industries. Other businesses have seen their customer order patterns start to return towards normality. For the year, expects pretax profit and sales to be above market expectations.

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Futura Medical PLC - Surrey-based pharmaceutical company - Comes to agreement with US Food & Drug Administration on design and scope of small supplementary study FM71 for the reassurance of MED3000's efficacy in erectile dysfunction. Based pre-submission discussions, FM71 will be a comparative, randomised, open label, home use, parallel group study in 100 patients. EU approval process for MED3000 is ongoing.

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Trifast PLC - Industrial fastenings firm - Since annual general meeting in September, trading has been ahead of base case assumptions made for its current financial year ending March 31. For October alone, trading level has started well in sales and orders. However, for the first half ended September 30, revenue declines have been consistent, except for in Europe where the recovery has been faster. Gross margins still remain lower due to the reduction in sales.

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Gear4music Holdings PLC - musical instruments retailer - For the six months to the end of September, total sales rose by 42% to GBP70.2 million from GBP49.4 million the year before, leading to a 60% rise in gross profit to GBP20.0 million from GBP12.5 million.

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Cloudcall Group PLC - communications company that provides unified communications and contact centre software - For 2020, expects revenue to be ahead of expectations, and in the range of GBP11.5 million from GBP12.0 million, up from GBP11.4 million the year before. Also plans to launch its new Property & Real Estate market vertical, starting with three new property focused CRM integrations for Left Main, Propertybase and Apto.

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1PM PLC - Bath-headquartered finance provider to small and medium-sized enterprises - Trading in first four months of current financial year ending May 31, 2021, as trading momentum improves alongside trends in business activity. Arrears in lending book have fallen by more than GBP5 million since the end of May, reflecting an improvement.

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Trans-Siberian Gold PLC - the gold ore mining company in Kamchatka, Far East Russia - For the third quarter of 2020, gold doe production down by 8.3% to 11,570 ounces from 12,620 the same period the year before. Silver output down 44% at 13,880 ounces from 24,686 ounces. Gold sales rose to 11,070 ounces, however silver sales drop by 32% to 14,843 ounces. Keeps annual production guidance of 38,000 to 42,000 ounces.

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Resolute Mining Ltd - operator of Syama gold mine, Mali - For third quarter of 2020, gold production down at 87,303 ounces compared to 103,201 ounces the year before, due to industrial action at Syama mine. Gold sales drop to 90,900 ounces from 127,265 ounces. Annual production expected at lower end of guidance at 400,000 to 430,000 ounces.

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Shearwater Group PLC - London-based cybersecurity services provider - For the six months to the end of September, expects underlying earnings before interest, taxes, depreciation and amortisation at around GBP1 million, in line with the year before, on revenue that is set to fall by 32% to GBP11 million from GBP16.3 million.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
14 Jun 2022 16:13

UK earnings, trading statements calendar - next 7 days

Wednesday 15 June 
AO World PLCFull Year Results
Bloomsbury Publishing PLCFull Year Results
Castings PLCFull Year Results
Custodian REIT PLCFull Year Results
Allied Minds PLCFull Year Results
Tatton Asset Management PLCFull Year Results
FireAngel Safety Technology Group PLCTrading Statement
Idox PLCHalf Year Results
IGas Energy PLCTrading Statement
JPMorgan European Discovery Trust PLCFull Year Results
Motorpoint Group PLCFull Year Results
SCS Group PLCTrading Statement
Severfield PLCFull Year Results
WH Smith PLCQ3 Trading Update
Whitbread PLCTrading Statement
Thursday 16 June 
Best of the Best PLCFull Year Results
boohoo Group PLCTrading Statement
CareTech Holdings PLCHalf Year Results
Filtronic PLCTrading Statement
GB Group PLCFull Year Results
Halfords Group PLCFull Year Results
Halma PLCFull Year Results
JLEN Environmental Assets Group LtdFull Year Results
Lindsell Train Investment Trust PLCFull Year Results
Momentum Multi-Asset Value Trust PLCFull Year Results
Mountview Estates PLCFull Year Results
N Brown Group PLCTrading Statement
NextEnergy Solar Fund LtdFull Year Results
River & Mercantile UK Micro Cap Investment Co LtdHalf Year Results
S4 Capital PLCTrading Statement
Syncona LtdFull Year Results
Volex PLCFull Year Results
Friday 17 June 
Tesco PLCQ1 Results
Monday 20 June 
Associated British Foods PLCQ3 Results
SysGroup PLCFull Year Results
SThree PLCTrading Statement
Tuesday 21 June 
DS Smith PLCFull Year Results
Gear4Music PLCFull Year Results
Monks Investment Trust PLCFull Year Results
Record PLCFull Year Results
Safestore Holdings PLCHalf Year Results
Telecom Plus PLCFull Year Results
  
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.

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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

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

TRADING UPDATES: Focusrite profit jumps; Gear4Music strikes bum note

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16 Nov 2021 11:00

AIM WINNERS & LOSERS: Gear4music warns on Brexit supply chain issues

AIM WINNERS & LOSERS: Gear4music warns on Brexit supply chain issues

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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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