Gear4music Holdings (G4M) finished the year in robust style, with 43% revenue growth. While marginally below our forecast, this represents good momentum going into FY19, where we only forecast 27%. While continued investment in scale means costs remain at planned levels, resulting in a pause in FY18 earnings growth, prospects for further market share gains remain bright and we see the current share price as below fair value.

06 Mar 2018
Gear4music Holdings - Robust finish and forward momentum

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Gear4music Holdings - Robust finish and forward momentum
Gear4music (Holdings) PLC (G4M:LON) | 252 0 0.0% | Mkt Cap: 52.9m
- Published:
06 Mar 2018 -
Author:
Paul Hickman -
Pages:
6 -
Gear4music Holdings (G4M) finished the year in robust style, with 43% revenue growth. While marginally below our forecast, this represents good momentum going into FY19, where we only forecast 27%. While continued investment in scale means costs remain at planned levels, resulting in a pause in FY18 earnings growth, prospects for further market share gains remain bright and we see the current share price as below fair value.