Gateley (holdings) Share Discussion Threads

[this_is_me] 31/12/2019 11:40

Yes, looking good.

[bbluesky] 31/12/2019 10:22

All time high. 200p paid. GLA for 2020.

[bbluesky] 15/12/2019 11:39

Let's hope so!! I think that there is a long, long way to go here, obviously sooner is better!

[saucepan] 15/12/2019 11:21

bbluesky: I took an initial position on Friday to complement my KGH. Thanks for drawing to attention.

Reading the weekend press, so-called expert consensus seems to be that domestic facing businesses and smaller companies are now the areas of the market best placed to outperform in the wake of the election result. That is quite a sentiment shift. It could have a big impact on share prices of less liquid companies if money starts pouring in.

KGH and GTLY are exactly the type of companies that could do well, I suspect, if that kind of scenario pans out.

[jonwig] 13/12/2019 08:10

It does! Details:



All their acquisitions seem to be good fits and earnings-positive from the off. And their top team seems to be mostly women, which I view positively. Website:

[this_is_me] 13/12/2019 08:02

that looks like an excellent acquisition.

[bbluesky] 11/12/2019 19:35

A fellow fan is Ben Hobson of Stockopedia, who has included GTLY in his "10 small cap divi stocks to bounce after the election" Quality ranking 99/100 Forward yield 5.2 % 1 Year growth of divi forecast 8.2 %. Interestingly, several of the others are housing related, though I am loath to put GTLY in this category, as it is longer term related and much more diversified than that, but it certainly is a strength. GLA

[bbluesky] 30/11/2019 13:16

Chart looking interesting.

[jonwig] 25/11/2019 08:30

Positive trading statement. "... confidence that the Group will continue to deliver against market expectations in the second half of the current financial year and beyond".

That could be interpreted as exceeding market expectations. The FY consensus to 30/04 is for

Revenue £111m, PBT £19.3m and eps 14p. H2 is maybe over-weighted.

[thewheeliedealer] 14/11/2019 21:36

Hi Jonwig,

Sorry for the delay in replying - had a lot on !!

Thanks for the comments. Like you I can find nothing on this Stott chap, all I can think is that he is at a lower level than the Directors and presumably the Operations Board is some sort of more day-to-day business kind of gathering. I am not seeing this as a major issue.

As you say the Receivables (Debtors) are rising although I don't see this as being particularly out of line with the growth in Revenues - to an extent I guess they would rise hand in hand. The picture for Payables looks quite variable and the amounts are much smaller than the Receivables side in recent years. I have used the SharePad graphing function on the Balance Sheet and it shows the trends really well.

Cheers, WD

[jonwig] 12/11/2019 07:45

Hi, wheelie - I've been reading your blog entries, thanks. You make a couple of points;

1) The operations Board and Stott: no mention in the prospectus of what the OB is, nor any mention anywhere in RNSs of the name Stott.

2) Most of the excess OCF over profit in earlier years looks like increase in payables. This seems to have unwound, and receivables are increasing faster. (Haven't had a close look at the numbers though.) Also a tax bill incurred not paid.

[thewheeliedealer] 11/11/2019 20:39

Hi all,

I don't hold GTLY (yet) but am quite tempted by it. Anyway, I wrote a blog about it on my website which you can find here. This is Part 2 and there is a link to Part 1 at the top of it. I hope it helps,

cheers, WD
@wheeliedealer

[jonwig] 19/9/2019 07:14

Yes, AGM statement:

At today's AGM the Chairman, Nigel Payne, will read out the following statement:

"The Board is pleased to report that the good start to the year reported at the time of our full year results in July has continued, with strong trading momentum leaving us well placed at this stage of the current financial year. In July we reported being close to having 1000 employees and I am delighted to say that the headcount has, this month, broken through that number."

At the AGM today, shareholders are being asked to approve, amongst other things, a final dividend of 5.4p (2018: 4.8p) per share, which if approved, will be paid on 18 October 2019 to those shareholders on the register at the close of business on 20 September 2019. This dividend will result in a total dividend for the year ended 30 April 2019 of 8.0p per ordinary share (2018: 7.0p), representing full year dividend growth in line with PAT growth of 14.3% (2018: 6.1%).

[robsy2] 19/9/2019 07:12

Trading well.bullish.

[robsy2] 13/9/2019 10:27

yes, good steady progress.

[bbluesky] 13/9/2019 08:41

A little bit of activity this week and another very good RNS out today:


Michael Ward, CEO of Gateley, said:

"We are delighted with the excellent performance of Kiddy since its acquisition in July of last year. Kiddy broadens and strengthens our people services offering within our employment, pensions and benefits group. Results to date demonstrate clear opportunities for us to collaborate and deliver integrated advice and services to a broader set of large-scale employers across a wide range of industries. Kiddy has grown almost 37% ahead of original expectations, generating £3m of fees since acquisition. Kiddy represents our first acquisition in the exciting Human Capital sector, which when placed alongside our global mobility and Entrust pension trustee operation, moves our business further forward, offering employers a range of high class legal and consultancy services."

And with a final ex-divi 19 Sept of 5.4p (8p full year - up 14%), I think it will be a good mood AGM that day!

[sallad3] 12/8/2019 14:51

jonwig

I have sent you a message via the advfn system as I don't want to clutter this board up. It does relate to the Hardman etc matter.

[jonwig] 30/7/2019 16:55

Hardman research note. The author, Steve Clapham, is an expert on dodgy accounting:

[jonwig] 30/7/2019 07:36

Acquisition of Persona Associates:



Looks an obvious good fit, as they have worked together for years.Website:

[bbluesky] 16/7/2019 19:03

Quite agree Thisisme. Though I think the upside could be spectacular, as it happens.

Put this on KGH, another in the sector sparkling.

"Well, there is no doubt that the sector is going gangbusters and the pressure on the dam wall is rising with all the great results. I am convinced when it breaks it will be big, but hey-ho still in limbo. Charts look good, fundamentals superb, just needs a spark.In the meantime, fill yer boots, these opportunities only come at bear market bottoms, which is where i think we are. FTSE has not broken 7500 in 17 years! In real terms...10,000 here we come and in that time the sector will be seen as extra +ve. Take a holiday, sit back, relax, dream."

[this_is_me] 16/7/2019 07:28

Yes just an invest and forget holding; nothing really spectacular but very good steady progress.

[bbluesky] 16/7/2019 07:11

Stunning prelims out. Soundbite: divi going up 14.3%this year. Other figures equally exciting.