Updates

Gear4music - Sales grow 44% in H1

November 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.

The shares regained their momentum following a terrific pre-close trading update that noted sales ahead by 44% to £31.2m for the six months ended 31 August. The UK increased turnover by 30% to £17.9m, while Europe and Rest of World soared 70% to £13.3m.Active customers increased 44% to 390,000 while the new distribution centres in Sweden and Germany enjoyed a strong start.Panmure notes Gear has “profitably navigated a period of elevated investment” into its infrastructure while “simultaneously delivering better than expected sales growth.” It also highlights the “relentless improvement in the company’s websites, product range, systems and customer proposition.” ...

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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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