Getting worried about all the insider selling on AIM?
The latest secondary placing of 839,000 shares by Directors at Gear4music (AIM:G4M) at 690p (a modest 2% discount to the current share price), is surely illustrative of a market that is starting to run away with itself. As we commented in our recent Blog, we are big fans of Gear4music, whose shares have soared over 400% over the past 12 months resulting in the current market capitalisation approx. £140m and a rich rating of nearly 65x forecast February 2018 earnings or a mere 50x for 2019. The secondary place was accompanied by a raise of £4.2m of new money,…
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