The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

133.00p
   
  • Change Today:
      4.80p
  • 52 Week High: 316.00
  • 52 Week Low: 76.90
  • Currency: UK Pounds
  • Shares Issued: 165.90m
  • Volume: 436,915
  • Market Cap: £220.64m
  • RiskGrade: 128

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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 133.00p
Change Today 4.80p
% Change 3.74 %
52 Week High 316.00
52 Week Low 76.90
Volume 436,915
Shares Issued 165.90m
Market Cap £220.64m
RiskGrade 128

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.07% below the market average54.07% below the market average54.07% below the market average54.07% below the market average54.07% below the market average
79.71% below the sector average79.71% below the sector average79.71% below the sector average79.71% below the sector average79.71% below the sector average
Price Trend
77.58% below the market average77.58% below the market average77.58% below the market average77.58% below the market average77.58% below the market average
30.56% below the sector average30.56% below the sector average30.56% below the sector average30.56% below the sector average30.56% below the sector average
Income
57% below the market average57% below the market average57% below the market average57% below the market average57% below the market average
39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average
Growth
33.76% above the market average33.76% above the market average33.76% above the market average33.76% above the market average33.76% above the market average
73.53% above the sector average73.53% above the sector average73.53% above the sector average73.53% above the sector average73.53% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 1
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 28-Sep-2020

Time Volume / Share Price
12:40 1,250 @ 133.00p
12:38 22 @ 134.19p
12:26 1,099 @ 133.80p
12:23 14 @ 134.60p
12:20 96 @ 133.80p

The Gym Group Key Personnel

CEO John Treharne
CFO Mark George

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