The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

293.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 316.00p
  • 52 Week Low: 185.80p
  • Currency: UK Pounds
  • Shares Issued: 138.10m
  • Volume: 155,053
  • Market Cap: £405.31m
  • RiskGrade: 60

The Gym Group buys 18 gyms from Lifestyle Fitness for £20.5m

By Michele Maatouk

Date: Friday 15 Sep 2017

LONDON (ShareCast) - (ShareCast News) - The Gym Group has bought 18 gyms from Lifestyle Fitness for £20.5m in cash.
The new sites, which are mainly in the Midlands and North of England, will transfer as going concerns including the existing membership. Ten of the sites will be converted to The Gym brand immediately following assignment of the leases. These will be converted by the end of the first quarter of next year.

Meanwhile, a further eight sites will continue to operate under the Lifestyle Fitness brand and will be considered for conversion to The Gym brand in due course.

The acquisition is expected to be "significantly" earnings-enhancing by 2019 as a result of the expected growth in membership of the acquired sites.

Chief executive officer John Treharne said: "Lifestyle is an excellent and complementary fit with our existing estate. These are well invested gyms in strong locations with an established membership. The acquisition strengthens The Gym Group's position in the Midlands and North in areas where we are currently underrepresented and accelerates our expansion plan. The addition of these gyms is anticipated to be significantly earnings enhancing by 2019."

At 0915 BST, the shares were up 7.1% to 216.10p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

The Gym Group Market Data

Currency UK Pounds
Share Price 293.50p
Change Today 0.50p
% Change 0.17 %
52 Week High 316.00p
52 Week Low 185.80p
Volume 155,053
Shares Issued 138.10m
Market Cap £405.31m
RiskGrade 60

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.55% below the market average95.55% below the market average95.55% below the market average95.55% below the market average95.55% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
72.36% above the market average72.36% above the market average72.36% above the market average72.36% above the market average72.36% above the market average
86.49% above the sector average86.49% above the sector average86.49% above the sector average86.49% above the sector average86.49% above the sector average
Income
90.71% below the market average90.71% below the market average90.71% below the market average90.71% below the market average90.71% below the market average
86.05% below the sector average86.05% below the sector average86.05% below the sector average86.05% below the sector average86.05% below the sector average
Growth
72.27% above the market average72.27% above the market average72.27% above the market average72.27% above the market average72.27% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

The Gym Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 23-May-19
Paid 11-Oct-19 14-Jun-19
Amount 0.45p 0.95p

Trades for 17-Feb-2020

Time Volume / Share Price
16:35 16,140 @ 293.50p
16:29 248 @ 294.50p
16:29 194 @ 294.50p
16:29 302 @ 294.50p
16:29 103 @ 294.50p

The Gym Group Key Personnel

CEO John Treharne
CFO Mark George

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