Gateley (holdings) Share Discussion Threads

[robsy2] 17/6/2020 18:10

This is starting to look quite cheap again.

[petewy] 09/6/2020 18:10

well 130 still wait a bit. Someone sold 175000 shares

[petewy] 02/6/2020 15:16

Well I quit. May come back in dividend news but with no div then it could sink to 120-130

[bbluesky] 26/5/2020 18:31

Thought it was pretty terrific actually. They are the last people to shout from the hilltops. One man's meat as they say..feast ahead!

[petewy] 26/5/2020 13:56

Cheerful update not quite convinced so cut my holding.

[bbluesky] 24/3/2020 19:04

Divi: That's my pub money gone, er except that has gone too!

Glad for the conservative approach, as that at the end of the day reflects management style.

Big picture: Potential beneficiary of the Brave New World that is going to have to be built. Still for me in the right place and their right time will come. GLA

[jonwig] 24/3/2020 07:08

Not unexpected statement:

Gateley is prudently managed for organic and diversified growth, with low levels of debt and a focus on long-term success for its stakeholders. Following a solid first half performance and further diversification by completing four earnings enhancing acquisitions, the improvements in the economic backdrop and Brexit clarity following the general election resulted in growing demand for our services in the second half of the financial year to 30 April 2020. Trading until the end of February was in line with the Board's expectations. Activity has, understandably, reduced since 1 March 2020, as a result of the disruption caused by the COVID-19 pandemic to our clients and to our staff. When the Board has visibility on the impact of the virus on the Company's full year performance, we will provide a further trading update.

The Group remains highly resilient, with a strong client base and a well-balanced and diversified service offering. We have successfully mobilised our staff to work from home in line with all Government guidelines and many parts of the business are currently busy assisting clients with COVID-19 related issues as well as other ongoing matters. The Board has, nevertheless, given careful consideration to the rapidly evolving Government guidance in respect of the COVID-19 pandemic and has concluded that it is presently impossible to predict the Group's likely trading performance in the short-term. The Board is, therefore, taking the prudent step to suspend financial guidance going forward until both the impact and duration of the COVID-19 pandemic becomes clearer.

The Board also believes that it would be prudent and in the best interests of all stakeholders to maximise the Group's short-term liquidity. With this in mind, it has decided to cancel the Group's interim dividend of 2.9 pence per share, which was due for payment on 31 March 2020.

The FRC was recommending these sorts of measures.
Incidentally, the shares went xd on 20 Feb, so the shares should rise by 3p this morning. (Just joiking.)

[robsy2] 06/3/2020 07:53

Absolutely. It looks purposeful and sensible to me and beddable-in if that makes any sense. Just hook them all up to the same computer system and watch the cross selling take place!

[robsy2] 03/3/2020 12:08

Thanks for sharing that. Gtly looks good-sensible, steady and purposeful.

[jonwig] 03/3/2020 07:04

Citywire:

Shares in legal and professional services group Gateley (GTLY) are looking attractive after its acquisition of reputation management and media law specialist Tweed, says Shore Capital.

Analyst Rachel May retained her ‘buy’ recommendation on the stock, which rose 3.2% to 179p yesterday.

‘This looks like another small but sensible acquisition in line with Gateley’s strategy to acquire legal and professional services businesses offering complementary services,’ she said.

‘Shares have been weak in recent weeks, trading at 174p – a c.13% discount to the (200p) price of the placing announced on 18 February. We think the shares look attractive at current levels, trading on a full-year 2020 price-earnings of 12.4 times and a dividend yield of 5%.’

[skyship] 02/3/2020 15:39

jonwig - message for you over on your AEWL thread

[jonwig] 02/3/2020 07:09

Could be a very good acquisition:



The shares element is priced at 189p, amazingly!
They don't say 'earnings-enhancing.'

[eentweedrie] 25/2/2020 17:33

Should see GBP1 again soon

[jonwig] 25/2/2020 17:11

Market down 2%, Gateley down 2%. But - reduced economic activity will hit law firms.

[1olddog] 25/2/2020 14:40

Any ideas why the fall today, other than covid?

[petewy] 21/2/2020 14:38

Note directors' selling in IC today. Claim to free up shares.

[jonwig] 18/2/2020 15:50

Yes, free lunch! Take the placing at 200p and sell for at least 205p!

[petewy] 18/2/2020 14:10

2.5m sells just went thru.

[bbluesky] 15/2/2020 18:01

Apols for the sloppiness. KGH is indeed Knights thx Sauce and thx jonwig for correction - good news there is time to top up! Every cloud has a silver...GLA!

[petewy] 15/2/2020 17:15

Knights similar but no divi

[saucepan] 15/2/2020 14:31

I think a typo; should be KGH (company thread here on ADVFN), but bbluesky will confirm.

[petewy] 15/2/2020 13:40

bbluesky: please what is KGT site

[jonwig] 15/2/2020 12:13

xd is 20/02, pay 31/03.