The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

279.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 313.00p
  • 52 Week Low: 120.00p
  • Currency: UK Pounds
  • Shares Issued: 177.56m
  • Volume: 347,079
  • Market Cap: £496.28m
  • RiskGrade: 80

Gym Group raises ?41.3m in placing to weather Covid-19 closures

By Michele Maatouk

Date: Friday 17 Apr 2020

LONDON (ShareCast) - (Sharecast News) - The Gym Group has raised gross proceeds of around ?41.3m in a placing to help strengthen its balance sheet and provide liquidity while its gyms are closed due to the Covid-19 pandemic.
The company placed 27.4 million new ordinary shares at 150p each. This represents a 6.8% discount to the closing share price of 161p a day earlier.

Announcing the placing on Thursday, TGG said credit approval had been received for an amendment to its existing ?70m committed bank facility, maturing October 2023, with its existing lenders HSBC, Natwest and Banco de Sabadell to provide commitments for an incremental ?30m for an 18-month period.

Chief executive officer Richard Darwin said: "We are grateful for the support in these unprecedented times and are confident that the business now has sufficient liquidity to weather the board's most pessimistic trading scenario.

"We continue to believe in the long term attractive fundamentals of the low cost gym sector and our strengthened balance sheet will enable us to take advantage of growth opportunities that arise in the immediate aftermath of the crisis."

At 0845 BST, Gym Group shares were up 4.3% at 167.88p.

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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 279.50p
Change Today -2.00p
% Change -0.71 %
52 Week High 313.00p
52 Week Low 120.00p
Volume 347,079
Shares Issued 177.56m
Market Cap £496.28m
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average
50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average
Price Trend
67.03% above the market average67.03% above the market average67.03% above the market average67.03% above the market average67.03% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
60.18% below the market average60.18% below the market average60.18% below the market average60.18% below the market average60.18% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Growth
26.13% below the market average26.13% below the market average26.13% below the market average26.13% below the market average26.13% below the market average
37.31% above the sector average37.31% above the sector average37.31% above the sector average37.31% above the sector average37.31% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 7
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 27-Jul-2021

Time Volume / Share Price
16:35 10,000 @ 279.50p
16:35 135,019 @ 279.50p
16:29 1 @ 280.00p
16:29 1 @ 280.00p
16:29 1 @ 280.00p

The Gym Group Key Personnel

Chair Penny Hughes
CEO Richard Darwin
CFO Mark George

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