||EPS - Basic
||Market Cap (m)
|Gateley Hldgs Daily Update: Gateley Hldgs is listed in the Support Services sector of the London Stock Exchange with ticker GTLY. The last closing price for Gateley Hldgs was 142p.|
Gateley Hldgs has a 4 week average price of 137.43p and a 12 week average price of 129.39p.
The 1 year high share price is 143.50p while the 1 year low share price is currently 95p.
There are currently 106,881,953 shares in issue and the average daily traded volume is 202,947 shares. The market capitalisation of Gateley Hldgs is £149,634,734.20.
|jonwig: 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?|
|jonwig: Gateley plc and the Sport and Recreation Alliance have announced a new corporate partnership:
[Does international sport need lots of lawyers? Just asking.]
... expanding in Dubai:
GTLY share price expanding, too.|
|jonwig: maiken - we just have the same good tastes!
You may remember Chris Bogart, in one of the Burford videos, saying that the six (?) largest UK law firms would be FTSE 100 companies if they were PLCs. So the precedent is potentially very significant if it works, and the lengthy lock-ins here will ensure that all the participants make sure it works.
I agree very much with your summary of the investment case; IC is being cautious for the same reason the share price is apparently cheap. BUR spent most of its early life until this year in a similar position.|
|jonwig: IC reviews results and cautiously suggests "hold", owing to uncertainty about how the PLC status will turn out.
Gateley's share price is likely to be fairly stable given all 81 partners have signed five-year lock-in agreements, while management's plans to pay shareholders 70 per cent of post-tax profits should provide a strong, reliable forward yield of 6.3 per cent. But given the importance of the firm's transition to the stock market, we are happy to wait for more revealing post-IPO trading updates. Hold.|
Gateley Hldgs share price data is direct from the London Stock Exchange