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
  -1.00p -0.68% 146.50p 145.00p 148.00p 148.00p 146.50p 147.50p 28,350 14:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 86.1 14.6 11.0 13.3 158.86

Gateley Hldgs Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/10/2018
19:58
Apols something has not appeared: 4% points behind Labour among 18 to 29 year old in 2015, but today it is 40 points behind. If...
bbluesky
12/10/2018
19:55
Increasing receivables is always a worry, but that is what lawyers are for (and strong management)! As for the housing market,some of which has been tanking, I am a long term bull. From The Times: the Tories were 4% points behind Labour among 18 to 29 if the Tories can ever take their minds off Brexit, they are in for a rude shock, as to survivability, which is generally when politicians make decisions!
bbluesky
11/10/2018
08:54
I think I said I'd sold because of the size of the receivables and the way they are increasing, with some overdue debts. GTLY are exposed to housing and construction, and I beleive they will be charging legal fees on alternatives to immediate billing. (See 2018 accs note 13.) Has the Motley Fool author looked at this? Quite honestly, I don't see the balance sheet as 'rock hard', and generally find MF articles to be a bit superficial. That said, the current share price does seem to discount a lot!
jonwig
10/10/2018
14:19
Erm, any ideas? Anyone?
epo001
04/10/2018
11:52
Interesting write up by The Motley Fool team:- Regular readers of The Motley Fool will be aware of the importance of shopping around and not limiting their stock searches to the FTSE 100 or any other of London’s major bourses. Whether you’re hunting for big dividend yields or proven profit generators there’s no shortage of contenders amongst the capital’s smaller indices. In fact, if you’re looking for both right now then a quick glance at Gateley Holdings (LSE: GTLY) is definitely worth your while. The firm is a specialist in commercial law with operations spanning from the UK to Dubai. Since listing on AIM back in 2015 — it was the first business of its kind to do so — it has continued its long story of churning out robust earnings growth, culminating in last year’s impressive double-digit-percentage advance. And trading at the business remains extremely robust, leading brokers to suggest more sustained earnings growth (rises of 8% and 9% are predicted for the years to April 2019 and 2020 respectively). A critical driver of its strong performances has been its dedication to investing across the business. Expanding its labour base is one such way that Gateley continues to thrive, and last year it bulked up the average fee-earning staff numbers on its books to 509 from 457 the year before, up 11.4% year-on-year. But what has really lit a fire under the bottom line is the company’s dedication to hunting down tasty acquisitions. Acquisitions coming thick and fast After making its first two acquisitions back in fiscal 2016 Gateley now has the bit firmly between its teeth. The legal eagle made a further two takeovers in the last 12-month period and since then it has seized business psychologist Kiddy & Partners to boost its employment services portfolio. The business is showing little appetite to slow down on the M&A front. At this week’s AGM, non-executive chairman Nigel Payne said it continues to hunt for “additional complementary businesses which are earnings accretive and assist in diversifying the Group even further.” Gateley certainly has the financial clout to keep its spending spree on the boil. Cash generation remained impressive last year and operating cash flow rose to £12.2m, up from £7.7m in fiscal 2017, while net debt tumbled £4.1 year-on-year to just £0.7m. Delicious dividend yields rise to 5% To the delight of income investors, Gateley’s rock-hard balance sheet and bright earnings prospects are leading the City to predict that dividends can keep growing and that it can offer inflation-busting yields as well. Last year’s 7p per share total dividend is anticipated to advance to 7.5p in the present period, and again to 8.2p in the following year. As a consequence, yields stand at 4.6% and 5% for fiscal 2019 and 2020 respectively. The market seems fairly oblivious to Gateley’s exceptional growth (and income) prospects, however, and this is reflected in the company’s cheap forward P/E ratio of 13.8 times. I’m convinced that the law specialist is a share that offers plenty of upside at current prices.
countless
25/9/2018
16:34
Agm tomorrow hopefully we will get a trading update.
whilstev
03/8/2018
14:47
Why the share price weakness? The yield is good and PE moderate and haven't heard any bad news (or good news for that matter). Buying opportunity or hopeless cause?
epo001
19/7/2018
12:07
Written Q&A for the DT interview - http://bit.ly/2ux0KCQ
astonedt
18/7/2018
17:02
Michael Ward talks about their latest results and what's driven their record performance in this DT interview - http://bit.ly/2uxI7i9
astonedt
18/7/2018
08:01
Here is a brief summary of yesterday’s results: http://bit.ly/2Luyasa The post also covers Ideagen, NCC Group and Daejan Holdings.
walbrock82
17/7/2018
17:34
Lovely set of results, especially following the acquisition of Kiddy earlier this month. Kiddy's clients include 20 of the FTSE 100 so this will hopefully increase cross-sales between the different service groups as we've seen with Hamer and Capitus. I predicted an acquisition at the end of 2017, and have been treated with two by Q1 instead
jamgr0
17/7/2018
08:10
I did say selling might have been a mistake, and hope you're successful ... overcautious me.
jonwig
17/7/2018
08:08
Touche not touch!!
eentweedrie
17/7/2018
08:08
Touché :)
eentweedrie
17/7/2018
08:06
Urban myth. June 2015 IPO Prospectus p14: The legal services market in the UK (and globally) experienced challenging market conditions over the most recent recession, resulting in reduced earnings and margin pressure on firms, which, in some cases, has forced firms into mergers or insolvency. The market has shown signs of recovery over the last couple of years with some consolidation, in particular a number of mergers of firms in the mid-market subsector.
jonwig
17/7/2018
07:57
lol if there is a recession it is the law firms who prosper more than ever!
eentweedrie
17/7/2018
07:51
I sold mine in April. Perhaps a mistake. But the reason: receivables. I see these are up again and on a closer look more might be well overdue payment terms. In a recession there may be write-offs, and it's worth noting that the building trade is their main client base.
jonwig
17/7/2018
07:20
and there they are - bloody decent!
eentweedrie
13/7/2018
19:06
Yes expecting decent results on Tues
eentweedrie
13/7/2018
14:00
GCL should propel this even higher.
darryn1
06/7/2018
11:59
just bought in here...looking good for results
eentweedrie
21/5/2018
14:18
Proposed Acquisition of GCL Solicitors LLP - HTTPS://www.investegate.co.uk/gateley--holdings---gtly-/rns/proposed-acquisition-of-gcl-solicitors-llp/201805210700086487O/ Gateley (Holdings) Plc (AIM:GTLY), the national commercial law and complementary professional services group, is pleased to announce it has entered into an agreement to acquire the business and assets of GCL Solicitors LLP for a total consideration of £4.15 million. GCL specialises in legal advice for land and property clients. Completion is scheduled for 23 May 2018. On completion, GCL will trade as Gateley Plc from its existing offices in Guildford, Surrey. This strategic acquisition is the third and largest that Gateley has made since the Group's admission to AIM in June 2015; the first being the acquisition of Gateley Capitus swiftly followed by Gateley Hamer. GCL will be the first legal business acquired by Gateley since IPO. Background to GCL GCL specialises in legal advice on residential developments and works with some of the UK's top housebuilders as well as promoters and landowners. GCL is also one of the leading law firms who act for overseas private investors buying new build residential properties in the UK, primarily in and around London. GCL is a profitable and well established business which has been trading since the 1970s and converted to an LLP in 2009. In the year ended 31 March 2018, GCL generated revenues of £6 million and corporatised EBITDA of approximately £0.6 million. The Board expects the acquisition to generate operational synergies and be immediately earnings enhancing. Terms of the acquisition Under the terms of the acquisition agreement, Gateley will pay a total consideration on completion of £4.15 million. The total consideration will be split £2,282,500 payable in cash and £1,867,500 through the issuance of 1,164,276 new ordinary shares of 10 pence each in Gateley ('Ordinary Shares') at an average price over the past 5 days of £1.604. The cash consideration is being funded by the extension of existing Group bank facilities repayable over the three years from completion. In addition, £1.32 million of liabilities owed to the former members of GCL will be converted into loans of the same amount, repayable by Gateley over the next two years following completion. Acquisition rationale The acquisition of GCL is consistent with Gateley's IPO growth strategy to acquire legal and non-legal businesses that offer complementary professional and other specialist services across Gateley's five business groups. On completion of this transaction, Gateley will add 79 new members of staff to its Property Group including 6 partners. The GCL team will integrate into Gateley's existing Residential Development team which already comprises 119 staff and sits within its Property Group. The addition of GCL will position Gateley's offering as one of the UK's largest specialist Residential Development teams. This national strength in depth will enhance the Group's existing offering in London, which was established in 2015, as well as continue its expansion in Reading, following the recent appointment of a new partner in March 2018, and support the recent redeployment of specialist teams into Manchester and the East Midlands during 2018. Gateley currently works with 18 out of the top 20 national housebuilders providing support on planning, land acquisition and sales of plots. When GCL joins Gateley, the Group's enlarged plot sales team will advise on circa £2.5 billion worth of plot sales annually. In addition, Gateley has been considering investment in technology to enhance further the plot sales service of its business. This acquisition will enhance its technological capabilities through GCL's existing platform. The acquisition will also add further strength to Gateley's wider Real Estate Advisory Services (REAS) offering which provides specialist, legal and complementary services to its property clients, combining expertise from property legal advisors at Gateley Plc, with specialist advice from its capital allowances business, Gateley Capitus and its compulsory purchase and utilities compensation business, Gateley Hamer. Commenting on the acquisition, Michael Ward, Chief Executive Officer of Gateley, said: "I am delighted to welcome GCL to the Group. The acquisition will further strengthen our leading position in the Residential Development sector nationally and provide us with a substantial presence in the southern market, which we see as critical in developing a full service offering for our clients. "There is a structural under supply of new housing in the UK and we see this as a market that will remain strong. The South East in particular will continue to be a significant engine for housing growth for the foreseeable future. "The acquisition allows us to offer a greater depth of specialism and expertise in all aspects of the residential development market. We can now match our national office network to our Residential Development clients' networks with 7 Residential Development teams operating across the country. There are also clear opportunities across the Group from this strategic acquisition, not least for Gateley Hamer and Gateley Capitus and we look forward to welcoming everyone from GCL into Gateley." Commenting on the acquisition, Tony Inkin, Managing Partner of GCL said: "We are excited to be joining Gateley who have an outstanding reputation as the market leaders for legal advice in the Residential Development and wider property sector. We have a great opportunity with our combined areas of expertise to build an unrivalled offering for clients in the South of the UK and to strengthen further the private property investment part of our business. We are looking forward to integrating with the team and also benefitting from being part of a wider professional services group that will open up many new opportunities for our existing team and clients."
speedsgh
21/5/2018
14:16
Trading Update - HTTPS://www.investegate.co.uk/gateley--holdings---gtly-/rns/trading-update/201805210701046506O/ Gateley (AIM:GTLY), the national commercial law and complementary professional services group, is pleased to announce an update on trading ahead of its audited results for the financial year ended 30 April 2018. Trading in the second half of the financial year has remained strong and the Group performance for the full year is in line with market expectations. The Board is delighted with revenue and profit growth in the year which has enabled the Group to not only increase its returns to shareholders, but also to further invest in the business. Subject to audit, revenue for the financial year ended 30 April 2018 will be not less than £84 million (2017: £77.6 million) and adjusted EBITDA* is expected to be not less than £16 million (2017: £14.9 million). The Group has recorded growth across all of its segmental reporting lines, reflecting Gateley's strength in depth and the benefits of years of focussed investment. Another year of measured investment over the past twelve months has resulted in the Group's Property and Corporate businesses each recording not less than 15% fee growth. As we seek further expansion opportunities through complementary professional services, our clients are benefitting from the increased breadth, depth and scale of our expert advice. Our staff numbers continue to grow as we invest in people, to support the further expansion of professional services across our national offering. The integration of our two already acquired complementary businesses has progressed well and we are delighted with today's announcement of the exchange of contracts in advance of the strategic acquisition of the trade and assets of GCL Solicitors LLP which brings further service benefits to our clients and cross selling opportunities to both our legal and complementary services. The Board expects to recommend a final dividend in line with its stated dividend policy of distributing up to 70% of its after-tax profits. The Group's audited results for the year ended 30 April 2018 will be announced on 17 July 2018. Michael Ward, Chief Executive Officer of Gateley, commented: "I am delighted with the strong performance of the business this year and the growth we have achieved in both fees and profitability. The Board recognises how hard our teams have worked again this year and wishes to thank everyone involved in Gateley's continued success. "Following another year of strong momentum, and as separately announced today, I am delighted with the imminent opening of a new Gateley office in Guildford after exchanging contracts to acquire the business and assets of GCL Solicitors LLP. This strategic acquisition brings additional national reach and augments our already strong position in the Housing sector. Yielding immediate benefit to our mutual clients, the acquired business will link well with our Reading and London offices and we are excited about the benefits this will bring to all of our stakeholders."
speedsgh
21/5/2018
10:20
Good work - love this share and hope to love it for years to come
tdog1975
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