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Gateley Hldgs Share Discussion Threads
Showing 101 to 124 of 125 messages
|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.|
|Commercial law firms will always be in demand. If clients start to feel the pinch, corporate deals (the main revenue stream) may well dry up to some extent. However, other services offered, like litigation, insolvency work, debt recovery, and advisory services will still be sought after. Recession proof is a stretch. I wouldn't say law firms per se are recession proof. A well run firm with a good reputation and solid fundamentals should weather the storm. That said, see Halliwells as an example of a firm that went bust during the last recession (I think in 2010) due mainly to bad management.|
|anley - if I remember right, the prospectus listed construction (where they do a lot of legal work) as a risk.|
|Would you put this business as "recession" proof?|
|nice tip, glad I've been tipping it for a while! off to the races today....|
|Thanks, here's the link. Did you read the dopey comment someone wrote: "Ambulance chasers."
|Mail on Sunday Main tip
will heafd to £2|
|Law firm Gateley buying, building and paying out - HTTP://www.investorschronicle.co.uk/2016/12/06/shares/news-and-analysis/law-firm-gateley-buying-building-and-paying-out-82a3u7o6zVlpfSOvEqHLhN/article.html|
|very good, nice yield, decent outlook, should be zooming higher IMO!|
|H1 results, very satisfactory:
Consensus for FY is eps 9.85p, div 6.59p. With the interim dividend increased to 2.2p, a full year of 6.6p would be expected. I don't remember reading anything about H2 vs H1 profit weighting.|
|great yield IMO on this as well|
|well all seems on track IMO>..let's hope it helps move the SP|!|
|Trading update, brief:
Gateley (AIM:GTLY), a national commercial law firm and complementary business services group, is pleased to announce an update on trading ahead of its interim results for the six months ended 31 October 2016.
Trading for the first half of the year has been good with growth in revenue and operating profit supported by good cash generation in line with the Board's expectations.
The Board looks forward to the second half of the financial year, with further organic growth in the Group's core legal services, augmented by the contributions from our recently acquired complementary businesses of Gateley Capitus and Gateley Hamer combining to deliver on Gateley's diversification strategy.
The Board expects to announce the Group's half year results in early December 2016.|
yes looked at last year and should be due some form of update IMO over next few weeks. Let's see. My experience is that lawyers make hay whether rain or shine, so hoping this is still the case!
|QS99 - not really, I tend to ignore sharp price movements these days! I've been looking to bed-and-isa my holding here (and add a few more at the same time) but haven't got a decent spread to do it.
As for what's happening, there are a few news items about new appointments, office expansion, etc. which is reassuring, and the recent big partners' sale might happen again, putting a damper on the share price. But they seem to have managed the transition from partnership to PLC very well and should benefit from increased housebuilding activity which the govt desperately needs.
They gave a trading update last year mid-November. Maybe next week, then?|
|nice move northwards again IMO|
|More detail on yesterday:
And Liontrust announce a holding of 8,877,935 shares.
|As expected, the sale of shares by former partners never went near the market. They could only shift that many because institutions were willing to take them. And they, in turn, wanted a discount.|
|The share price didn't budge, so most likely a share transfer off-market at an agreed price. This would normally be the mid-price, so I'm a bit puzzled.
The largest trade was 7.4% of the equity, so I would expect at least one RNS tomorrow.|
|No idea - biggest vol since IPO?, but given the price seems to be a sale. I got stopped last week. Price could go anywhere from here|