Gear4music (#G4M) – trading “in line with the board's expectations”, though growth strategy “expect… to start delivering results in the second half”

Gear4Music – time to call a bottom?

For longer than I can remember I have been a bear of Malcolm Stacey fave Gear4Music (G4M) and I have been right. My real, long term, issue is, I suppose, that I am so mean. If I wanted to buy a musical instrument for one of my kids I would buy a second hand one on facebook marketplace. As with ProCook (PROC) I just do not see a USP for a company flogging costly new products. But maybe most folks are not as mean as me and are happy to burn cash. Results are out today.

Gear4music (#G4M) – FY swing to small profit, argues refreshed growth strategy to drive profitable growth this year

Gear4music (#G4M) – FY sales -5%, argues reflects prioritisation of margins

Gear4music (#G4M) – quarter to end-Dec revenue -6% YoY, argues reflects prioritisation of gross margins

Gear4music (#G4M) – H1 increased loss, “moderating” FY revenue expectation

Get the violins out: it's another poor statement from Gear4Music

Sorry Malcolm but your baby has puked again with its trading update or the six months to 30 September. In an era when inflation has been running at 6-8%, sales fell by 6%. And remember that Gear4Music (G4M) is meant to be a growth stock! If it is, I am a banana.

Gear4music (#G4M) – H1 revenue -6% YoY, argues reflects “focus on prioritising gross margins”

Gear4Music – don’t get carried away Malcolm there are caveats to today’s statement

I suspect the old boy is somewhat cheered by what is a rare good day for this dog of a tip and is off at the Punter’s Return enjoying an early pint of Doom Goblin. But before Comrade Stacey gets too carried away I merely flag up a couple of thing about today’s trading statement from Gear4Music (G4M)

Gear4music (#G4M) – gross margins and cost base reduction “progress”, though being ‘prioritised ahead of revenue growth’

Gear4music (#G4M) – FY swing to loss, “market conditions have continued to be challenging”

Gear4music (#G4M) – warns as “weaker consumer demand during February and March”

Gear4Music hits a bum note again – another warning

Another quarter goes by and another blow for long term Gear4Music (G4M) fan Malcolm Stacey, another profits warning. The real issue, as I have noted many times before, is the balance sheet.

Gear4music (#G4M) – Q3 revenue +5% YoY, “in-line with consensus market expectations”

Gear4music – interims, how much “confidence” does its latest update really give?

Online musical instruments and music equipment retailer Gear4music (G4M) has announced results for its half-year ended 30th September 2022 and that “trading in October and November to date gives the board further confidence that results for the financial year will be in line with the recently updated consensus market expectations”. So what of a current just above 100p share price?

Gear4music (#G4M) – H1 swing to loss, expects FY profit with H2 seasonality

Gear4music – half year trading update, how much of an achievement is ‘in-line with recently updated expectations’?

Previously writing on online musical instruments and music equipment retailer Gear4music (G4M), early this year I concluded bearishly with the shares just below 700p. They last closed at 107p, but are currently more than 5% higher today on the back of a half-year trading update – so what’s the situation now?

Gear4music (#G4M) – H1 sales +2% YoY, “improved trading momentum during H2 to date”

Vindicated yet again: Gear4Music warns again & things are only going to get worse

Oh dear, Oh dear, it is ouzo for myself but tears before bedtime for comrade Malcolm Stacey as Gear4Music (G4M) has issued yet another profits warning. That it does not update us on its cash (or lack of it) position should set the alarm bells ringing.

Gear4music (#G4M) – profit warning considering consumer sentiment and macroeconomic conditions