Lady Jennifer
21 May 2018
Re: Gear4music There seems to be a duplicate here......[link]
penhome
21 May 2018
Re: Gear4music Thanks, but I think it’s for subscribers only.Pen
share 123 maiden
21 May 2018
Re: Gear4music PenThis Small Cap Value Report from Stockopedia might be of interest. Paul Scott gives his take on Gear4music (amongst other companies).[link]
IAmShareCrazy
21 May 2018
Re: Marstons There was some short interest in this but I am not interested either way.
penhome
20 May 2018
Marstons Has anyone looked at MARS's numbers? Initial thoughts
rofits flat. Continuing capital expenditure. Steady rise in net debt. Continuing to pay a dividend - £47m for 2017-18.Pen
penhome
20 May 2018
Re: Gear4music Just looking again at G4MLJ is correct that turnover has risen sharply (2017 £56m 2018 £80m) but so have admin expenses and employee numbers. This means EBITA declined from £3.7m in 2017 to £3.2m in 2018.Free cash flow has been negative every year except in 2015 when G4M generated £400k of cash.As turnover has grown, so have stock levels which now stand at £17m. I'm not sure how much more stock they will need to keep the new European distribution network supplied. Creditor levels have also increased as have borrowings.With a focus on competitive pricing (lower margins) and fast delivery (higher stock levels), I just can't see how they are going to increase profits or generate cash.I don't know anything about the music equipment business, but just a quick search for one of their products showed that this is a highly competitive market. Have a look at this:[link] also coming from sellers on eBay and Amazon. I don't think G4M are doing anything but working very hard to make it all work, but they're facing stiff competition with customers only caring about getting the cheapest price and fastest delivery. I don't see how G4M (and many other retailers) can grow profits when Amazon is their leading competitor.Pen
IAmShareCrazy
19 May 2018
Oil Oil shares are rocketing at the moment and PVR looks good to breakout. About a billion barrels in the ground and a deal has been signed to get it out. Other drilling propects out there. Alternatively LOGP
penhome
18 May 2018
Re: Gear4music It seems to be concentrating on driving turnover with the risk that incremental costs (look at employee numbers) soak up profit.Will look a bit more over weekend.Pen
IAmShareCrazy
18 May 2018
Re: Gear4music Profit is expected to rise marginally in 2019. But it is still a paltry return on 80 million revenue. It has the hallmarks of a IPO pump like 4d pharma.
Lady Jennifer
18 May 2018
Re: Gear4music Got it.....This site adds line breaks to long urls but there is another MS link that should work[link]
Lady Jennifer
18 May 2018
Re: Gear4music Morningstar link to prelims didn't seem to work -- I'll try again [link] if it fails then try ADVFN[link]
Lady Jennifer
18 May 2018
Re: Gear4music I think it may be a mistake to take a short from here.Cash may be down but revenue and gross profit are up as are........Sales in the 12 months to February up 43%. UK sales up 27% whilst European & Rest of the World sales rose 69% Active customer numbers increased 39% and conversion across all websites improved.Although EBITDA was pretty flat this is due to investments made during the year into products, infrastructure, staff, systems, and marketing.[link] was a Kijun Sen Cross (price crossed the Kijun standard line) giving a strong bullish signal on 11-May-18and a Tenkan Sen / Kijun Sen Cross above the Kumo (cloud) giving a strong bullish signal on 14-May-18and it is in a rising trend from 7th Feb following a 61.8 fib retrace from the start of the Sept 16 moveMy (not so) humble projection is for a move to somewhere around £10, but of course I may be wrong as I'm not much of a chartist......[link] to you, Pen......
IAmShareCrazy
18 May 2018
Re: Gear4music Or a gap or a dive below the 200 sma
IAmShareCrazy
18 May 2018
Re: Gear4music They are flogging musical instruments so I can't see anything game changing. No city shorts. IG aren't accepting shorts so maybe a hint. Perhaps City Index or Spreadex. Spreadex are my first choice but slow to close positions. The only significant volume recently has been sell. I will wait for the double crossing ma before deciding.
penhome
18 May 2018
Re: Gear4music Sorry, I meant to change the header. See previous message.
