Share Name Share Symbol Market Type Share ISIN Share Description
Gateley Hldgs LSE:GTLY London Ordinary Share GB00BXB07J71 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 184.00p 180.00p 188.00p 184.00p 184.00p 184.00p 4,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 77.6 13.1 9.4 19.5 196.66

Gateley Hldgs Share Discussion Threads

Showing 201 to 225 of 225 messages
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DateSubjectAuthorDiscuss
18/1/2018
11:40
ARDEN PARTNERS: The group is among a tier of mid-market domestic law firms set to consolidate a highly fragmented and diversified UK professional services market. Further to regulatory change, traditional law firms such as Gateley now have a “level playing field” opportunity to enhance their earnings quality beyond legal revenue streams. As such, the group is in a position to use its shares both as an acquisition currency and as a recruitment tool, which, we believe, will prove a unique selling point to professional staff in a highly competitive labour market; lateral partner hires – a key driver to organic growth - have increased markedly post IPO. The quality of earnings was highlighted in H118 in which period organic growth totalled 8.5% reflecting robust activity levels – Corporate and Banking & Financials sectors were both +20% - and partner recruitment in recent periods. Including an incremental uplift from the Hamer acquisition total H118 revenues were up 9.8%. We believe the UK stock market will increasingly appreciate the investment merits of the legal sector within the professional services landscape and we believe this sub-sector is poised to mirror the premium ratings afforded with growth companies in the professional services sector.
jonwig
05/12/2017
09:32
ARDEN PARTNERS: Revenue growth of 9.8% to £38.6m highlights robust activity levels including an incremental uplift from the Hamer acquisition; stripping this out, organic growth totalled 8.5% and builds on the strong organic growth momentum delivered in FY17. Revenues are typically skewed to the second half; this resulted in a H1;H2 revenue split of 45.3%;54.7% in FY17. We note that H118 revenues of £38.6m equate to 46.5% of our forecast £88m revenues for FY18. Activity levels (hours booked but yet to be billed) are running ahead of revenues providing good confidence on H218 outcome. Deal flow has held up well into FY18 to date with particularly good activity levels in Corporate (H118 revenue +23.6%), Banking & Financial (H118 revenue +19.9%) and Property (H118 revenue +10.2%, 6.7% organic). Employee, Pensions and Benefits was 5.3% ahead whilst Business Services was down 3.3% largely reflecting timing issues that should result in growth in H218. As such, core markets clearly continue to perform well supported by the growing headcount that is 6.4% ahead at 763 employees, including six new legal partner hires in the period. The rate of partner hires is meaningfully ahead of that achieved pre-IPO. We believe this is a testimony to the success of the strategy to move from LLP to a plc with the group’s profile and ability to attract new fee earners is meaningfully enhanced by the non-traditional approach to corporate structure for a UK law firm. Adjusted EBITDA up 5.8% ahead at £5.3m. H118 EBITDA margin was slightly lower 13.7% (H117; 14.1%) reflecting strategic recruitment and investment in new, complimentary [sic] service lines.
jonwig
05/12/2017
08:33
N+1SINGER: Gateley has produced double-digit H1 revenue growth with adjusted EBITDA 6% up on the prior year, a little better than suggested by the recent trading update. The company continues to invest in future growth (in particular, launching a new Global Mobility Service), hence a continuance of last year’s trading pattern of H1 EBITDA lagging both H1 revenue growth and full year expected EBITDA growth. Operating cashflow continues to be healthy, albeit not as strong as internally budgeted and the H1 dividend has been maintained at 2.2p, in line with unchanged EPS at 3.1p. Management expects the full year result to be in line with market expectations so consensus estimates are unlikely to change. With double-digit full year EPS growth in prospect, the shares continue to look good value on cal’18 PER of 15.2x and Gateley’s distinctive business and remuneration model continues to work well.
jonwig
05/12/2017
07:21
Interim results: https://www.investegate.co.uk/gateley--holdings---gtly-/rns/results-for-the-six-months-ended-31-october-2017/201712050700093622Y/ Flat eps disguise growth in turnover and investment in recruitment and future growth.
jonwig
03/12/2017
18:31
There is a blog post which mentions Gateley Holdings available here: hTTps://www.sharesoc.org/blog/company-news/uls-technology-keystone-law-collusion-ipo-pricing/
sharesoc
27/11/2017
07:17
KEYS should open at a premium to the 160p offer price today. https://www.investegate.co.uk/keystone-law-grp-plc--keys-/rns/admission-to-trading-and-first-day-of-dealings/201711270700045176X/
jonwig
27/11/2017
07:14
"In-line" trading statement: Https://www.investegate.co.uk/gateley--holdings---gtly-/rns/trading-update/201711270700045256X/ Consistent in-line statements right from the IPO I think. No more acquisitions on the horizon? "We continue to invest in our people through the release of further share incentive option schemes where participation remains strong across professional and support staff alike." I'm pleased they recognise the importance of this in an overwhelmingly "people business", and I accept the dilutive effect of aligning staff with outside shareholders. Results next month.
jonwig
16/11/2017
14:24
Keystone Law Group plc: Announcement of Intention to Float on AIM - HTTPS://www.investegate.co.uk/keystone-law-grp-plc/rns/announcement-of-intention-to-float-on-aim/201711160700086460W/
speedsgh
16/11/2017
13:55
Keystone Law is set to become the third UK firm to list on the London Stock Exchange (LSE), following Gordon Dadds and Gateley. The mid-market challenger firm plans to join the Alternative Investment Market (AIM) where the new trading entity will be known as Keystone Law Group plc. Corporate broker Panmure Gordon has been instructed by the firm to act as financial adviser during the process. Shares will begin trading on 27 November and are expected to raise £15m in total, with the placing price of 160 pence per share which values the firm at £50m. Keystone CEO James Knight said: “I am delighted to announce that we will be joining the AIM market. The entire team has worked hard to establish our position as one of the leading UK mid-market challenger law firms. Our decision to list on the London Stock Exchange will provide us with the most resilient and stable platform to support our ambitious growth plans long into the future.” Keystone Law was one of the top revenue risers in this year’s UK 200, growing by 22 per cent to £26m during the 2017. The firm also showed one of the highest rises in revenue per partner, up 22 per cent to £4,267 despite a boost in fee-earner numbers. The firm converted to an Alternative Business Structure (ABS) in October 2013 and received a £3.15m cash injection by private equity firm Root Capital the following year. Https://www.thelawyer.com/keystone-poised-third-firm-london-stock-exchange/
jonwig
06/11/2017
21:20
The board have stated that they hope to make one acquisition per year, so make of that what you will given there's only 7 or 8 weeks left of 2017. Of course that's not a given as they won't feel pressured into any old acquisition, but I think it's always something to bear in mind.
jamgr0
06/11/2017
14:59
pushing on again it would seem
qs99
06/11/2017
14:35
thanks, interesting graph!
qs99
06/11/2017
13:00
Looking positive - I never did buy these back.
skinny
06/11/2017
12:22
going for it now, unusual moves IMO
qs99
06/11/2017
11:50
looks that way or a material buyer has appeared
qs99
09/10/2017
11:43
Hi Jon,Thanks for quick reply. Yeah I read somewhere your comments about the meeting.. I like investing in AIM companies as like the potential rewards and young enough to take the losses. Temped on DGOC too, but again it's another punt. Failing that I'm always looking at BAB due to the current low, it's a blue chip stock but could offer a 20% plus return in the short term IMO. Decisions decisions!
gozzy90
09/10/2017
10:23
Hi, Al. I held since just after IPO, and after last month's AGM (which I attended) doubled my holding. It ticks the boxes for me: good management, progressive dividend, potentially defensive against Brexit (though not severe recession). But won't be exciting, I think, unless they actually buy another law firm (which some brokers have been expecting for over a year). Recent share awards easily absorbed is also a good sign! DYOR, of course.
jonwig
09/10/2017
10:08
Hi Jonwig,I'm a holder of BUR since 400p and currently looking for new prospects. As I've seen you in that forum I'm wondering about dipping my toe in here, what are your thoughts?Cheers,Al
gozzy90
02/10/2017
17:33
QS - it was part of the IPO agreement to move from LLP to PLC. I think the sales were expected (hence depressed share price), but easily placed, hence rise today.
jonwig
02/10/2017
17:29
some big director sales noted tho! Quite early IMO in their life to be off-loading? IMO...have been in and out of this share twice, currently "out" but monitoring DYOR
qs99
28/9/2017
09:02
haha :o) Didn't think you were. I was just being up front about my (lack of) position. I am an ex-holder but could well hold again in future. Rgds
speedsgh
28/9/2017
08:54
speeds - I wouldn't dream of trying to persuade you! Interview with the author of the Hardman note: Https://www.directorstalkinterviews.com/gateley-holdings-plc-qa-hardman-cos-analyst-steve-clapham-longtly/412736980
jonwig
28/9/2017
08:50
Thanks for the feedback, jonwig. DOI: I do not currently hold.
speedsgh
28/9/2017
07:56
Thanks for link. A pretty fair article. "Gateley’s annual meeting yesterday was inevitably packed with solicitors" - half right: it wasn't packed , but most there were either solicitors (staff) or 'suits'. About twenty present, and I think I was the only outside private shareholder. At least the only one to ask any questions. Having spoken to both directors and analysts there, I'm persuaded that it's better than a hold.
jonwig
28/9/2017
07:07
Today's Tempus column in The Times includes a look at Gateley... HTTPS://www.thetimes.co.uk/edition/business/high-street-retailer-spreads-its-wings-snfv23668 ...HOLD. Solid business but lack of peers makes it hard to value.
speedsgh
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