UK Stock Market News Today – 7-Sep-2018
Gear4music Holdings (G4M) – 617p – £129.2m – PER 45.1
Trading Update For The 6 Months To End August 2018 – Revenue up 36% (which is ahead of expectations) to £42.5m (FY18: £31.2m) backed up with active customer numbers up 40% to 547,000. Expects FY EBITDA to be in-line (but mention of margins seems to imply PBT will not be – Perhaps). There’s a strange year end (by a month) change too.
Gets more attractive as the price drops but still not yet convinced here – The mention of margins is a bit of a put off (not sure if this is a small (real, not EBITDA) profit warning), I remain Neutral for now.
As always, all comment most welcome!