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Gateley Hldgs Share Discussion Threads
Showing 101 to 123 of 125 messages
|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|
|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.|