Fairly priced | IHT selling | Prudent numbers
A manufacturer covered here has just announced excellent full year results and a positive outlook as it benefits from the growth in data centres around the world. However, we are wary that in the short term, forced selling by large IHT holders could push the shares lower. Elsewhere, other smaller AIM companies covered here could benefit as cash is recycled into their shares. Read on here for our usual forthright views.
Gear4music: fairly priced? Gear4music (AIM:G4M), the largest UK based online retailer of musical instruments and music equipment, announced excellent full year results. For its financial year to the end of March 2026 revenue grew 30% to £190.7m, EBITDA climbed 84% to £18.4m, and profit before tax of £10.3m was ahead of market expectations, and £8.7m ahead of the prior year. The free cash inflow of £1.4m was after £3.5m of capital expenditure and c£2m of lease costs. Capex is set to fall as the new warehouse is completed. Net debt reduced for a fourth consecutive year to £5.0m at the…