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Gateley Hldgs Share Discussion Threads
Showing 126 to 148 of 150 messages
|and Yield is decent IMO, a good ISA stock DYOR|
|No problem, it's also useful for showing the kind of deals going through. There's many decent companies on that list.The billing is as free as market forces allow, though corporate clients are increasingly looking for fixed fee arrangements for specific work, and to package work together to prevent costs running high. They're more savvy. But IMO that's one reason Gateley are in a good position because they can offer other business services like tax, surveying and pensions besides bog standard legal advice. So essentially they give more bang for your buck and that's what corporate clients are looking for particularly in a crowded market. The fact Gateley is trail blazing, if you will, really stands it apart as a firm. Certainly expecting the figures later this year to be promising.|
|Jamgr0 - thanks for that. As I said, I couldn't find it on the Investors section of the website, but arguably it should have been there as it supports in detail the rather bland phrases they put in front of shareholders, such as "... a national commercial law firm and complementary business services group".
Obviously shareholders are more concerned with earnings! For personal client work, there are national fee guidelines. Is there any equivalent for corporate work, or is it a free market?|
|It is, and can be found at: http://info.gateleyplc.com/corporate-finance-market-reviewThe claim about being in the top 3 on transaction volume was more than mere fluff, as it came from Experian Corpfin. Though I take your point. It also depends on the profits these deals are generating.|
|Jamgr0 post #121 - is the document you refer to in the public domain? I can't find it on the website.
"... Gateley in the top 3 UK corporate legal advisers based on transaction volume." I'd hazard that ones choice of legal advice is quite strongly driven by word-of-mouth recommendation: I've certainly chosen (or rejected) our personal solicitors on that basis.|
|Speedsgh/QS99 - thanks.|
|From last year's prelims....
"The Board has adopted a progressive dividend policy to reflect the expectation of future cash flow generation and long-term earnings potential of the Group, paying up to 70% of profits after tax each year. Following the announcement of our interim dividend of 1.895p per share that was paid in January 2016, the Board proposes a full year final dividend at its Annual General Meeting on 21 September 2016 of 3.764p per share, which if approved, will be paid on 28 September 2016 to shareholders on the register at the close of business on 2 September 2016. The shares will go ex-dividend on 1 September 2016."
Yield IMO is attractive....basic premis in life IMO is that lawyers always make money! hehe....DYOR|
|Skinny - As per their Admission Document...
19. Dividend policy
The Board intends to adopt a progressive dividend policy to reflect the expectation of future cash flow generation and long-term earnings potential of the Group.
Based on the above expectations, the Directors intend that the Group will pay an interim dividend and a final dividend to be announced at the time of the interim and preliminary results in approximate proportions of one-third and two-thirds, respectively, of the total annual dividend. It is expected that the first dividend
payment will be announced with the interim results for the year ending 30 April 2016.
It is the intention, subject to the availability of distributable reserves and where the cash flow requirements of the Company mean it is prudent to do so, to pay as dividends up to 70 per cent. of adjusted profits after tax. The Board may however revise the Group’s dividend policy from time to time in line with the actual results of the Group.|
|Can someone point me to the dividend policy - all that I can find on their site is the following.
"Over the last ten years Gateley has grown its revenue by a compound aggregate growth rate of 14.3% and operating profit by 14.8%, with strong cash generation and a typical cash conversion of 95% every year over the last three years supporting both growth aspirations and an attractive dividend policy."|
|nicely through £1.50....|
|wow, thanks jamgr0 that should mean could fee drop through then IMO....let's see|
|Certainly established a support around the 1.40 level. The company released a report recently on corporate deals in 2016 which makes for very promising reading. One measure put Gateley in the top 3 UK corporate legal advisers based on transaction volume. Hopefully this is reflected in this year's results.|
|looks like through £1.50, nice moves, breakout?|
|looks like it is getting some decent support, slowly and surely IMO|
|Happy holder as we're really motoring now.|
|GTLY Gately Holdings broke out over last 4 days .:For the six months ended 31 October 2016, revenues increased 19% to L35.2M. Net income inc 55% to L3.3M
Provides legal services
Gateley (Holdings) Plc engages in the provision of commercial legal services.
It also offers complementary non-legal services including acting as independent trustees to pension schemes and provides specialist tax incentive advice.
It operates through the following segments: Banking and Financial Services; Corporate; Business Services; Employees, Pensions, and Benefits; and Property.
The Banking and Financial Services segment consists of legal advice in respect of asset finance, banking, and corporate recovery services.
The Corporate segment comprises of legal advice in respect of corporate, family, private client, and taxation services.
The Business Services segment offers legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport, and insurance services.
The Employees, Pensions, and Benefits segment deals with legal advice in respect of employment and pension services.
The Property segment covers legal advice in respect of construction, planning, real estate and residential development services.
The company was founded by Henderson Boyd Jackson and Gateley Wareing in 2006 and is headquartered in Birmingham, the United Kingdom.
Number of employees : 622 persons.|
|Whilst on this thread, go to "Trades" on the top bar and choose 24 Jan. If you're timed out wait until after the 4:30 close then choose the date. Uncrossing at end-day is very common with SETS.|
|My mistake. How do you know that, it came up as an ordinary buy on LSE? I'm just getting used to posting, emerging from being just a reader.|
|Jamgr0 - the final 50,000 yesterday was the closing auction uncrossing (marked "UT"). It's not a single trade but a matching price for all uncompleted orders at the end of the day -clears the decks.
It quite often happens that this price is a lot above or below what you might expect, so I wouldn't put too much importance on it. It certainly wasn't a single buyer of 50k shares.
PS. You can edit the text of your posts by using the "Edit" button next to a post. If you want to delete a post completely, you have to leave a single character, say a full-stop.|
|These 1p and 2p increases are very welcome. Ore big buys today. There's several 140-142p price targets on GTLY but IMO there's more to come longer term. The annual report will make for interesting reading to see how well the Gateley Capitus and Gateley Hamer businesses are bedding in to the model|
|Jonwig - I've certainly done my research on this firm!|
|Jonwig, that's a good point. Though you'd hope it was never necessary to rely on equities or debt to sustain the firm. Especially as partners' (in a management structure sense) remuneration is intrinsically linked to the profits of the firm. I certainly can't see a recession sinking Gateley. It continues to meet its strategic targets and hopefully cements itself as one of the beacons in the crowded UK mid-size firm market over the next couple of years.|
|Jamgr0 - an interesting question might be whether a quoted law firm (GTLY) would be in a better position if it faced a serious recession since it would be able to tap the financial markets for equity or banks for debt. A partnership would be less flexible, perhaps?
Of course, bad management wouldn't - ultimately - save a PLC either, except through merger or takeover.|