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Gateley Hldgs Share Discussion Threads
Showing 76 to 98 of 100 messages
|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|
|Anyone know what is going on?|
|looks like a nice add on IMO...|
|Cantor Fitzgerald now at 145p tp after the acquisition.|
|Aquisition of Hamer Associates:
This looks an interesting addition: if the volume of infrastructure spending rises significantly, Hamer will get lots of business! Crudely, paid on a maximum earnings multiple of 8.8x.
Cantor Fitzgerald (separately) has a tp of 125p.|
|IC summarises the results and includes:
Broker Cantor Fitzgerald expects 2017 adjusted pre-tax profit of £13.2m for the year to April 2017, giving adjusted EPS of 9.8p, up from £11.9m and 9p in FY2016.
Management has confirmed it will continue to return the same proportion of after-tax earnings. With profitability expected to grow, we continue to see the shares as a good income buy.
Last IC view: Buy, 105p, 15 Dec 2015|
|ganthorpe - yes: their typo and my straight copy.
Get out more? I've been out in the midday sun too often lately.|
|I reckon the total divi for the year adds up to 5.659P not 5.639P but maybe I should get out more.
Nobody bothers to check such boring detailsthese days ?|
|Adjusted eps stated as 8.98p. Would have liked at least a passing comment re Brexit.|
|tsmith - I was assuming the forecasts were up-to-date and included Capitus - not sure how that is consolidated after just a couple of weeks' contribution.
As I said, I'm not fussed about that.|
It's possible they were just short of the forecasts in Digital Look of eps 8.95p and div 5.69p - actual numbers 8.18p, 5.639p. That doesn't really trouble me as the outlook statement is pretty confident. Their emphasis on construction and real estate might hold the share back until the outlook gets clearer: dunno.|
|Dividend Policy - HTTP://www.investegate.co.uk/gateley--holdings---gtly-/rns/dividend-policy/201602150700099940O/
"Gateley, (AIM:GTLY) a national commercial law firm, announces that the Board has formalised its dividend policy and is adopting a traditional twice yearly approach, paying in aggregate, up to 70 per cent. of profits after tax."
in today's rns they state EBITDA not less than £12.6m which equates to earnings of c£10m (assuming full tax charge) or EPS 9.47p. If they were to pay the full 70% of EPS, this would indicate DPS 6.6p. However their policy only states "up to 70%" so they have plenty of wriggle room. DPS 5.75p would represent a payout ratio of c60% of earnings based on above figures.
All speculation for now, we will of course find out in due course when they release the finals.|
|Stocko are forecasting a total dividend of 5.75p for 2016. Given that they paid an interim of 1.895p, I've therefore assumed that the final dividend will be 3.85p. They are expected to grow the dividend by 20% for 2017.|
|"The Board expects to recommend a dividend in line with market expectations in the Group's results for the year ended 30 April 2016, which will be announced in July 2016."
What are market expectations? I had 6.30p pencilled in from somewhere but note that Digital Look is showing a consensus DPS of 5.73p for the year ending Apr 2016, rising to 6.83p in the current FY. TIA|
|Indeed jonwig. It's hard to be bullish on house prices when they're insane but one wonders if they'll just get more and more insane. As you say it's volumes that matter and they should remain OK given housing shortage etc but in a real meltdown volumes could drop off. We can only guess....
My numbers earlier were bunkum. Sharescope is showing the numbers to Apr 2015 as a forecast for some reason, so I got the year wrong. Apr 2016 revenue was f/c at £64.5m so actuals are coming in 2-3% above forecast rather than 8-9% as I suggested. imranawan's numbers look right.|
|Eezy - yes, housebuilders' volumes are the key, not house prices themselves. And the government is keen (desperate!) to get more homes built.|
|Yep PE just under 12 for 2016, and dropping to 11 for 2017, based on EPS estimates (8.95p for 2016 and 9.75 for 2017 according to Stocko). I've held since just after the IPO last spring.|
|Yes, looks a good update IMO. Sharescope is showing a revenue forecast of £60.88m so apparently 8-9% above forecast. I reckon P/E c. 12, with a decent balance sheet and yielding 5-6% here, so pretty good value. Need good volumes in the housing market to continue presumably.
I've had a few for the very boring EEZY3 portfolio FWIW.
|Trading statement very positive -
Revenue at least £66m (H1 £30m),
EBITDA at least £12.6m (H1 £4.5m).
Second-half bias has been pointed out before, so are these just in-line?|
|Looking good and I'm anticipating a 7% annual yield here.|