Last month on an AGM Update from “the largest UK based online retailer of musical instruments and music equipment” Gear4music (G4M), with the shares down to 262.5p I concluded that I was cautious of the likely impact on the valuation of subsequent half-year updates. The shares most recently closed at 232.5p and what about now a “Half Year Trading Update”?
Describing itself as “the UK’s largest retailer of musical instruments and music equipment”, Gear4music (G4M) has issued an “AGM Statement and Trading Update” including “sales for the five months to 31 August 2026 up 7.3% year on year. We are pleased with this progress”. So what about a current share price response to 262.5p, more than 7% lower?
Describing itself as “the UK’s largest retailer of musical instruments and music equipment”, Gear4music (G4M) has issued an “AGM Statement and Trading Update” including that it “once again increase its expectations for the group’s financial performance for the year ending 31 March 2026, following the uplift to expectations announced in June”. How does that compare to the valuation at a now up to around 300p share price?
Describing itself as “the UK's largest retailer of musical instruments and music equipment”, Gear4music (G4M) has announced that it is “pleased to report” a marked sales improvement has been sustained, “with a return to double-digit sales growth over the last 30 days providing the board with further confidence in the outlook for the year ending 31 March 2026” and also that “it has purchased stock with a cost value of £1.8 million, together with certain intangible assets including websites, trademarks, and commercial data, for a total consideration of £0.6 million” from administration. What about a current more than 17% higher share price to 137.5p in response?
Most recently writing on company describing itself as “the largest UK based online retailer of musical instruments and music equipment” Gear4music (G4M), in September, with the shares at 180p, I concluded I was wary of the suggested second-half reliance and continued to avoid. The shares most recently closed at 135p and what about a “Trading Update” today, with the shares currently further down at 122.5p?
Describing itself as “the UK's largest retailer of musical instruments and music equipment”, Gear4music (G4M) has issued an “AGM Statement and Trading Update” including that it is “pleased to report that trading during the financial year to date has been in line with the board's expectations… having successfully reduced our net debt and operating costs during FY24”. However, does this compare to a current 180p share price?
