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Gear4Music

December 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • G4M
  • Price:
  • 768p
Following its terrific update last month, Gear4Music, the online retailer of musical instruments, announced interims showing revenues rising 44% to £31.2m, driven by rising website traffic and improving conversion rates. EBITDA fell 46% to £720k but that’s actually ahead of Panmure’s forecast for £571k as it successfully navigated a period of high investment, mainly the two new distribution centres in Sweden and Germany and investment in its e-commerce platform.Highlights include a 27% increase in unique website visitors to 7.1m, an increase in conversion rate from 2.38% to 2.84% and a 5% rise in the average order value to £131.70. There was also a 44% jump in active customers to almost 391,000.< ...

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Related Articles

Gear4Music (March 2021)
Gear4music - Online musical instruments group puts out second upgrade in two months (September 2020)
Gear4Music (December 2018)
Gear4Music (March 2018)
Gear4music - Sales grow 44% in H1 (November 2017)
Gear4music - Results ahead of expectations (July 2017)
Gear4music - Results ahead of forecast (April 2017)
Gear4music - Online musical instruments retailer triggers three upgrades (February 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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