The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

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

Gym Group loses 20% of members as reopening beckons

By Sean Farrell

Date: Friday 10 Jul 2020

LONDON (ShareCast) - (Sharecast News) - The Gym Group said it lost 20% of its members during the Covid-19 lockdown as it announced plans to reopen reopen nine in 10 of its sites when restrictions are eased on 25 July.
The budget gym company said 160 branches in England would be open for fitness enthusiasts on 25 July, the first day of the shutdown's removal. It said 13 gyms in Scotland and three in Wales would follow as soon as possible after local restrictions were lifted.

The company closed its gyms on 20 March as the UK entered lockdown to stop the spread of Covid-19. It said there was an early rush of membership cancellations but that the rate had slowed. Membership has fallen to 692,000 from 870,000 since the start of lockdown

Gym Group, whose sites normally operate 24 hours a day, said gyms would open 6am-10pm on weekdays and 8am-8pm at weekends at first to bed in new protocols. These include temperature checks for staff, more cleaning of equipment, wider spacing of equipment and use of shields. The company said its research showed 92% of members were keen to return to the gym.

Richard Darwin, Gym Group's chief executive, said: "We are in the process of un-furloughing our colleagues, who will be ready to open the doors of our gyms in England on 25 July and in the other home nations once restrictions are lifted.

"We are encouraged by the response of our members, the vast majority of whom are keen to get back to the gym to begin working out again. We look forward to welcoming them back and being able to continue providing affordable fitness for all."

Gym Group shares rose 1.7% to 152.4p at 08:18 BST.

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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 313.00
52 Week Low 120.00
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
60.03% below the market average60.03% below the market average60.03% below the market average60.03% below the market average60.03% below the market average
47.69% below the sector average47.69% below the sector average47.69% below the sector average47.69% below the sector average47.69% below the sector average
Price Trend
67.23% above the market average67.23% above the market average67.23% above the market average67.23% above the market average67.23% 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
60.37% below the market average60.37% below the market average60.37% below the market average60.37% below the market average60.37% 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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