The Gym Group (GYM)

The Gym Group on the Web and Social Media

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The Gym Group page on Proactive Investors
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The Gym Group RNS, News and Media

Headline

3 Apr 2018
The Gym Group plc - Total Voting Rightsfrom Interactive Investor
3 Apr 2018
RNS press release - Total Voting Rights from Proactive Investors
28 Mar 2018
The Gym Group plc - Director/PDMR Shareholdingfrom Interactive Investor
28 Mar 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
23 Mar 2018
The Gym Group plc - Holding(s) in Companyfrom Interactive Investor
23 Mar 2018
RNS press release - Holding(s) in Company from Proactive Investors
22 Mar 2018
Berenberg - Completion of secondary sale in The Gym Group Plcfrom Interactive Investor
22 Mar 2018
RNS press release - Completion of secondary sale in The Gym Group Plc from Proactive Investors
21 Mar 2018
Berenberg - Proposed secondary sale in The Gym Group Plcfrom Interactive Investor
21 Mar 2018
RNS press release - Proposed secondary sale in The Gym Group Plc from Proactive Investors
20 Mar 2018
The Gym Group plc - Full Year Resultsfrom Interactive Investor
20 Mar 2018
RNS press release - Full Year Results from Proactive Investors
1 Mar 2018
The Gym Group plc - Total Voting Rightsfrom Interactive Investor
1 Mar 2018
RNS press release - Total Voting Rights from Proactive Investors
19 Feb 2018
The Gym Group plc - Notice of Resultsfrom Interactive Investor
19 Feb 2018
RNS press release - Notice of Results from Proactive Investors
1 Feb 2018
The Gym Group plc - Total Voting Rightsfrom Interactive Investor
1 Feb 2018
RNS press release - Total Voting Rights from Proactive Investors
29 Jan 2018
The Gym Group plc - Holding(s) in Companyfrom Interactive Investor
29 Jan 2018
RNS press release - Holding(s) in Company from Proactive Investors
16 Jan 2018
RNS press release - Pre-close trading update from Proactive Investors
8 Jan 2018
RNS press release - Director/PDMR Shareholding from Proactive Investors
2 Jan 2018
RNS press release - Total Voting Rights from Proactive Investors
22 Dec 2017
RNS press release - Holding(s) in Company from Proactive Investors
21 Dec 2017
RNS press release - Notice of pre-close Trading Update from Proactive Investors
7 Dec 2017
RNS press release - Block Listing Six Monthly Return from Proactive Investors
1 Dec 2017
RNS press release - Total Voting Rights from Proactive Investors
17 Nov 2017
RNS press release - Potential changes to member service proposition from Proactive Investors
9 Nov 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
7 Nov 2017
RNS press release - Holding(s) in Company from Proactive Investors
1 Nov 2017
RNS press release - Total Voting Rights from Proactive Investors
26 Oct 2017
RNS press release - Holding(s) in Company from Proactive Investors
13 Oct 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors
2 Oct 2017
RNS press release - Total Voting Rights from Proactive Investors
29 Sep 2017
RNS press release - Completion of acquisition from Proactive Investors
15 Sep 2017
RNS press release - Acquisition of 18 gyms from Lifestyle Fitness from Proactive Investors
15 Sep 2017
News - Gym Group Lifestyle Fitness acquisition should pump up revenues, says Numis from Proactive Investors
1 Sep 2017
RNS press release - Total Voting Rights from Proactive Investors
30 Aug 2017
RNS press release - 2017 Interim Results from Proactive Investors
1 Aug 2017
RNS press release - Total Voting Rights from Proactive Investors
28 Jul 2017
RNS press release - Holding(s) in Company from Proactive Investors
10 Jul 2017
RNS press release - Notice of Interim Results from Proactive Investors
3 Jul 2017
RNS press release - Total Voting Rights from Proactive Investors
23 Jun 2017
RNS press release - Holding(s) in Company from Proactive Investors
14 Jun 2017
RNS press release - Capital Markets Day Trading Update from Proactive Investors
7 Jun 2017
RNS press release - Notice of Trading Update from Proactive Investors
7 Jun 2017
RNS press release - Block Listing Six Monthly Return from Proactive Investors
6 Jun 2017
RNS press release - Result of AGM from Proactive Investors
5 Jun 2017
RNS press release - Holding(s) in Company from Proactive Investors
1 Jun 2017
RNS press release - Total Voting Rights from Proactive Investors
22 May 2017
RNS press release - Holding(s) in Company from Proactive Investors
2 May 2017
RNS press release - Total Voting Rights from Proactive Investors
21 Apr 2017
RNS press release - Replacement Holding(s) in Company from Proactive Investors
18 Apr 2017
RNS press release - Holding(s) in Company from Proactive Investors
4 Apr 2017
RNS press release - Annual Report and Notice of AGM from Proactive Investors
3 Apr 2017
RNS press release - Total Voting Rights from Proactive Investors
24 Mar 2017
RNS press release - Holding(s) in Company from Proactive Investors
23 Mar 2017
RNS press release - Holding(s) in Company from Proactive Investors
22 Mar 2017
RNS press release - Holding(s) in Company from Proactive Investors
21 Mar 2017
RNS press release - Director/PDMR Shareholding from Proactive Investors

The Gym Group Charted

The Gym Group Discussion on Interactive Investor

Re: Set of strong figures by W13 Ken

  Tue, 16 Jan 2018 10:08:00 GMT
Agreed, all looks good to me and I have topped up again today in my ISA. As a medium to long-term bet it looks sure to be a winner.

I'm a happy customer too and can see how well-equipped and popular my local gym is and how well they are using smart technology to monitor equipment usage.

I've also noticed more staff in the gym recently, which may be a result of them changing the Personal Trainer's contracts - no doubt influenced by a sniff of bad press about the previous setup. They've also introduced a permanent manager which is helping with little niggles like dead batteries in rowing machines etc so it's all positive.

I'm laughing today at N+1 Singer's last year's forecast of 145p - some of these brokers are clueless!
By W13 Ken

Set of strong figures by NORFOLK IN CHANCE2

  Tue, 16 Jan 2018 08:45:00 GMT
All reads positive to me, impressive numbers. the preliminary results in mid-March i except will be very positive as well.

I am member of one of their gyms and value for money is excellent and that's what people are looking for these days
By NORFOLK IN CHANCE2

Re: Acquisition of 18 gyms from Lifestyl... by W13 Ken

  Fri, 15 Sep 2017 15:34:00 GMT
Motley Fool give it the thumbs up:

Investing in dividend stocks with a proven model for growth can be very rewarding. Even when the shares appear to be expensive, they can still offer good value due to the speed at which profits can build.

One potential example is low-cost gym operator The Gym Group (LSE: GYM). The firm’s shares rose by 6% this morning after it announced the acquisition of a rival 18-gym chain, Lifestyle Fitness.

The Gym Group currently has 97 sites and is rolling out new ones at a rate of 15-20 per year. So the addition of the Lifestyle Fitness locations should double its growth rate over the next year.

Is the price right?
Gym Group is paying £20.5m for the acquired sites. These generated earnings before interest, tax, depreciation and amortisation (EBITDA) of £3.45m over the last 12 months. That prices the deal on around six times EBITDA, which seems reasonable to me.

However, although the new sites have similar profit margins to Gym Group’s existing units, they do appear to need some work. The company is planning to spend £5.4m on updating and converting them. My calculations suggest that the total cost per site will be around £1.4m, roughly the same as the cost for the fit out of a new site.

The advantage of this approach is that Gym Group will also acquire the membership of its new sites. So they should generate a return on investment more quickly than a newly-opened site.

Time to buy?
This company’s strong cash generation means that it’s able to fund most of its rollout without debt.

Although the dividend yield is low at 0.5%, as sites mature I expect more cash to be available for shareholder returns. In the meantime, I think this business offers an exciting growth opportunity and remains attractive at current levels.
By W13 Ken

Re: Acquisition of 18 gyms from Lifestyle Fi... by jimboyuk

  Fri, 15 Sep 2017 12:02:00 GMT
So let me see if I get this right, total expenditure for the acquisitions will be circa 28 million once refit costs are taken into account. Based on the current EBIT of 3.45m this will take 8 point something years to recoup. At first hand this seems a bit expensive to me, however the statement does go on to say that they expect the purchase to be earning enhancing by 2019. Is this based on the assumption (and am I assuming right), that the gym group plan on dropping their non contract prices for these gyms to sub £20 per month (in line with their other gyms nationwide) and as a result see a significant increase in membership?
By jimboyuk

Re: Acquisition of 18 gyms from Lifestyle Fi... by NORFOLK IN CHANCE2

  Fri, 15 Sep 2017 10:29:00 GMT
Yes true, however the old model slow and steady seemed to be working. Certainly more of a risk. Have they bitten off more than they can chew? Are they getting into too much debt?

However it seems they have bought quality, so overall looks like a good move. Share price should be a lot higher in my opinion.
By NORFOLK IN CHANCE2

Acquisition of 18 gyms from Lifestyle Fitness by W13 Ken

  Fri, 15 Sep 2017 08:23:00 GMT
Well I didn't see this coming! Although it raises debt and risk I think it has to be a positive. The problem with strict adherence to the old model was that at a growth of just 15-20 gyms a year it was slow and predictable and did little to excite interest in the shares.

Should be an interesting period to come.
By W13 Ken

Re: More good progress by NORFOLK IN CHANCE2

  Wed, 30 Aug 2017 13:05:00 GMT
Couldn't agree more. Why these shares are not significantly higher is beyond me. Anyhow I am sure patience will be the key here .

Plenty of growth opportunities in the long term.
By NORFOLK IN CHANCE2

More good progress by jimboyuk

  Wed, 30 Aug 2017 10:02:00 GMT
EPS up, turnover up, margins slightly up, EBIT up, dividend up, store roll out up, net debt reducedall looking good so far.
By jimboyuk

A Stong Buy by NORFOLK IN CHANCE2

  Wed, 14 Jun 2017 13:25:00 GMT
This share is very undervalued in my opinion. Interestingly I think if the UK economy does take a downturn then the Gym group are a good defensive stock. I am a member and very impressed with the gyms and the value for money .

I can see a lot of people if funds become tight cancelling their expensive gym membership I.E David Lloyd and joining a cheaper alternative such as the GYM group.

Also expansion seems to be going ahead smoothly .

A good long term buy. I think share price will be circa £2.50 in a year or so, Also good membership numbers. Its all about Volume!


Average membership for the five months is 498,000 up 18.6% versus H1 2016 (six months to June 2016: 420,000)
By NORFOLK IN CHANCE2

Trading update boost? by W13 Ken

  Mon, 12 Jun 2017 09:33:00 GMT
This Wednesday the Gym Group's 2017 half-year Trading update should bring more good news on the positive momentum of new member sign-ups and additional facilities on the way.

Last year's mid-year update was in early July and saw the share price rise from 190p to 240p within the next couple of weeks.

A 26% jump may not be likely, given the instability in the UK economy at the moment, but I would not be surprised to see a boost to 200p+ levels again. Would be great to stay there.
By W13 Ken

Re: Buying opportunity and Singer foreca... by W13 Ken

  Thu, 02 Mar 2017 12:54:00 GMT
Great News: Numis have reiterated their 275p forecast today and we have the Preliminary results being announced on March 14th.

--

GYM Group PLC (LON:GYM)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 275 ($3.34) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 41.39% from the stock’s current price.

GYM has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 ($3.65) price target on shares of GYM Group PLC in a report on Friday, September 30th. Barclays PLC reissued an “equal weight” rating on shares of GYM Group PLC in a research report on Tuesday, November 1st.

GYM Group PLC (LON:GYM) traded down 0.26% during trading on Thursday, hitting GBX 194.50. The stock had a trading volume of 22,542 shares. The company has a 50-day moving average price of GBX 172.49 and a 200-day moving average price of GBX 195.37. The company’s market cap is GBX 249.16 million. GYM Group PLC has a 52-week low of GBX 155.00 and a 52-week high of GBX 280.00.
By W13 Ken

Re: Buying opportunity and Singer forecast by jimboyuk

  Wed, 01 Mar 2017 11:15:00 GMT
As a user I am a fan of this company, but after re-evaluting my holdings am glad I sold half of my holding in this stock last week. My gut reason for this was that I saw quite a bit of short term weekness in the share price looking at the charts, and the PE earnings being a bit on the high side, perhaps N+1 Singers forecast of 145 although for me on the low side was not far off. My plan is to buy back the half of my holdings I sold when the price dip looks to have stabilized.
By jimboyuk

Buying opportunity and Singer forecast by W13 Ken

  Mon, 27 Feb 2017 12:10:00 GMT
I know this board is dead as a dodo but if anyone is out there then interested to hear your thoughts. I've just topped up with another tranche at 176p to average down and I'm keeping the faith.

Unless there is some very bad news that I'm not aware of, the recent N+1 Singer broker forecast of 145p is baffling when all the signs have been positive and the average forecast for Numis, Berenberg and Barclays and Peel Hunt is 279p! Somebody has got it very wrong and all the published evidence so far points to it being Singer.
By W13 Ken

Re: Interesting period coming up by W13 Ken

  Mon, 13 Feb 2017 11:59:00 GMT
Likewise Jim, I invested after being a very happy customer.

Their Corporate website is excellent (LINK ) and on their Corporate membership page they have an excellent fact: Up to 40% of their members had never joined a gym before...so the disruptive model they often talk about seems to be working and they are bringing in people that never wanted to sign up to expensive gyms with long contracts.

The 'Price for Life' Business model is clever too. I've retained my membership at the original price and even if they put up the monthly price, there is no upsetting existing members.
By W13 Ken

Re: Interesting period coming up by jimboyuk

  Mon, 13 Feb 2017 10:57:00 GMT
I bought into these about two month back purely on the back of being a user of the gym and noticing how the branches that i go to are almost always full which ever time of day I've gone. So as long as they don't blow money on aggressive over expansion, I'm hoping the numbers on this stock should be good.
By jimboyuk