Updates

Gear4Music

December 2018

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.

Gear 4 Music, the online retailer of musical instruments, announced in line first half results, with turnover up 36% to £42.5m and gross profit increasing 23% to £9.6m. However, a planned reduction in gross margin from 25% to 22.7%, reflecting a strategy to gain market share of branded products in a highly competitive period, meant it posted a net loss of £362,000 (H1 ’17: break-even). That investment saw a 26% increase in own brand product sales to £9m while other brand products grew 40% to almost £32m.During the period the group invested £1.1m in its e-commerce platform and made progress in projects such as competitor price tracking and warehouse and distribution upgrades.No change ...

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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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