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Gear4Music

March 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.

  • Epic Code:
  • G4M
  • Price:
  • 622p
Gear4Music has fulfilled the strong expectations of its 4-month Christmas trading period with revenue growth of 42% bang in line. That’s also close to the 44% growth seen in the first half.The UK (+25% in H2 versus +30% in H1) continues to provide substantial growth while international sales (69% vs 70%) are powering ahead too thanks to increased capacity and localised delivery options provided by the new hubs in Sweden and Germany.Active customers were up 38% at 450,000 and 15% higher than at the half year. Website conversion was encouragingly up from 3% to 3.3%.The group now has 43,000 products online vs a target of 80,000 and Panmure Gordon notes while still early stage, the mainland European growth is encourag ...

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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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