The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

278.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 313.00p
  • 52 Week Low: 120.00p
  • Currency: UK Pounds
  • Shares Issued: 177.56m
  • Volume: 141,850
  • Market Cap: £493.62m
  • RiskGrade: 80

Gym Group enjoys post lockdown boom

By Abigail Townsend

Date: Wednesday 26 May 2021

LONDON (ShareCast) - (Sharecast News) - Trading at The Gym Group has beaten expectations since restrictions were lifted, as people rush to get back into shape post lockdown.
The no-contract gym operator said trading since 12 April had outperformed its own expectations, with total membership increasing from 547,000 at the end of February to 729,000 as at 24 May. The average number of visits per member is 1.5 per week in England, compared to 1.1 in the comparative period of 2019.

Gyms were allowed to reopen on 12 April in England, on 26 April in Scotland and on 3 May in Wales, and all of Gym Group's 187-strong estate is now open. All members are also paying, after the option to freeze fees was removed.

Richard Darwin, chief executive, said: "Our members are delighted to be working out in the gym once more, with visits per member and new joiner sign-up rates at record levels. With membership levels growing strongly, we are building our pipeline of new gyms."

However, Gym Group acknowledged that the current high demand was likely to subside as the year went on.

"Our expectation is that over the next three months we will trade more in line with seasonal norms," it noted. "The summer months are historically quieter times for gyms and as a result we tend to see limited net gains in overall membership levels during this period."

Gym Group said net debt was £63.1m as at the end of April, with outstanding deferred rent and VAT of £9.4m, against a total bank facility of £100m. The company said it expected to be cash-flow positive this month based on the current levels of membership.

As at 1215, shares in Gym Group were 5% stronger at 273.5p.

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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 278.00p
Change Today -2.00p
% Change -0.71 %
52 Week High 313.00p
52 Week Low 120.00p
Volume 141,850
Shares Issued 177.56m
Market Cap £493.62m
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.05% below the market average60.05% below the market average60.05% below the market average60.05% below the market average60.05% 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
66.11% above the market average66.11% above the market average66.11% above the market average66.11% above the market average66.11% above the market average
80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average
Income
60.09% below the market average60.09% below the market average60.09% below the market average60.09% below the market average60.09% 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
26.21% below the market average26.21% below the market average26.21% below the market average26.21% below the market average26.21% 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 29-Jul-2021

Time Volume / Share Price
17:06 5,000 @ 278.00p
16:35 36,284 @ 278.00p
16:29 507 @ 277.00p
16:29 43 @ 278.00p
16:29 23 @ 278.00p

The Gym Group Key Personnel

Chair Penny Hughes
CEO Richard Darwin
CFO Mark George

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