Member Info for Garydav2

Tony. I think you're wrong mate. I called the £2 target earlier but turned bullish this am so didn't buy at that price. Let's look at today. Hopefully low in at 1.93. Director buys from 4 board members. Andrew Wass not mentioned so we may get another RNS if he also buys more. The price closed at £2.22 and buying into close. Personally I see tomorrow a recovery to £2.50 +. GLA.

I concur HH. After making my purchases today I did commit to a donation when they hit £3 though and will honour that

Looks like they smashed down through stop losses earlier. Wish I would of stuck to my £2 view before buying but got sucked in by the positive comments. Anyway purchases in the 2.20's and 2.10 so see how it goes. Minor recovery back to the 2.10' s now. Good luck fellow holders ...

Last batch bought at 2.10..... GLA

RIP yes I will definately let's hope it does

Thought I'd join the party. 1st batch bought at 2.29...

Going down now 236.5 to buy now .....

Can buy a rump at 239.5.....

Good shout HH. Howsey are you up for that ; )??

If it's Old Mutual dumping as others have mentioned expect another drop and buy in cheaper : )

I expect this to drop to £2 today .......

Some sensible discussions over there. Really raising points I raised earlier. Questioning the PE of 35 and falling earnings. Think they will warn again....

Have a good day all. Signing off now. See you all tomorrow : )

Shares in Gear4Music (G4M) have collapsed close to 50 per cent this morning, after management warned capacity problems at its York distribution centre meant cash profits for 2019 were likely to be below last year’s £3.46m. This has led to swingeing cuts to forecasts, with analyst Peel Hunt now expecting pre-tax profit of £800,000 for the year, from £2.6m previously, and EPS of 3p, from 10.3p before. We move to hold.. Profit down to 30% of previous guidance for me that puts the share price at £1.67.... Chuck in some forward growth fair price £1.90.... GLA

EPS of 6p and a PE close to 40??!! They need to sort out the issues pronto to get those sales on such low margins. Could warn again here.....

Yeah yeah good ramp. Heard it all Friday RIP level 2 going mad, no shares left under 2.4, going to close at 2.6/2.7. Well that didn't happen. This seems very similar to FOOT 1st profit warning. Slid back further as did others like SPI after the 1st day. Confidence had been knocked and massive losses incurred. Institutions automatically sell so this will go lower. No recovery at all on Friday......

Good balanced sensible post LZ.

I jumped in and out of here on Friday Taff for a small profit buys at 2.35 and 2.38. Like I said I have a different view more glass half empty. Agreed they will rise but feel they will drop more 1st. Anyway good luck all .

Good luck Howsey. Mind the drop....

It will head South 1st though.... Don't think the seller is finished yet. All those buys soaked up on Friday no big finish as people predicted. Think we will see £2 first then I might have a dabble. Not yet though. Learnt my lesson not to get tempted on day 1..... It may look a bargain but it's generally not