ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

GTLY Gateley (holdings) Plc

126.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gateley (holdings) Plc 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
  0.00 0.00% 126.00 125.00 127.00 126.50 126.00 126.00 143,865 11:51:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 162.73M 12.24M 0.0930 13.55 165.87M
Gateley (holdings) Plc is listed in the Legal Services sector of the London Stock Exchange with ticker GTLY. The last closing price for Gateley (holdings) was 126p. Over the last year, Gateley (holdings) shares have traded in a share price range of 116.50p to 180.00p.

Gateley (holdings) currently has 131,640,131 shares in issue. The market capitalisation of Gateley (holdings) is £165.87 million. Gateley (holdings) has a price to earnings ratio (PE ratio) of 13.55.

Gateley (holdings) Share Discussion Threads

Showing 26 to 49 of 550 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
02/12/2015
09:05
Cantor Fitzgerald currently has a GBX 122.00 price target on the 111.20M GBP market cap company or 17.31 % upside potential. In a report issued to investors and clients on 1 December, Gateley Hldgs Plc (LON:GTLY) stock had its Buy Rating reaffirmed by stock research analysts at Cantor Fitzgerald.
jonwig
19/11/2015
20:21
In an analyst note revealed on Monday morning, Cantor Fitzgerald reconfirmed their Buy rating on shares of Gateley Hldgs Plc (LON:GTLY). They currently have a GBX 122.00 target price per share on the company. Cantor Fitzgerald’s target suggests a potential upside of 16.75 % from the company’s current stock price.
jonwig
19/11/2015
10:05
Thanks dell, but it won't let me in as I'm not a subscriber.

(I'm not asking you to break copyright!)

jonwig
19/11/2015
08:16
Two-page article on Gateley in new issue of SHARES magazine.
dell1234
16/11/2015
08:05
Trading statement, in full:

The Group has made a solid start to the financial year and is trading in-line with management expectations. Revenues for the first six months are expected to be not less than £29.5 million, being not less than 10 per cent ahead of the corresponding pro-forma period last year.

The Board expects to announce the Group's audited half year results in December 2015.

Very satisfactory.

jonwig
09/11/2015
15:13
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
30/10/2015
13:41
Ditto. Have a lot of time for Gervais Williams but he is not immune to dropping a few clangers (SID springs to mind). Main difference is that he only drops 1 clanger for every 20 of mine!
speedsgh
30/10/2015
13:25
Thanks - I'm quite a fan of Gervais Williams through his Miton Microcap Trust.
jonwig
30/10/2015
12:13
Mentioned in latest issue of Citywire Income Investor.

High Yield or Dividend Growth -

Last, and certainly least in yield terms, is Gateley (GTLY). The law firm listed only in June, so has yet to pay a dividend and would therefore be ignored by any yield screen. ‘Although it isn’t as well known as some of the very largest legal names, in our view that means that they have more opportunity for growth,’ Williams remarked. ‘The company recently reported that the momentum in the business was going well, and they are upbeat about the prospects for the coming years. We also take comfort in the £4.2 million of cash in their balance sheet after the float, since it means they are well placed to finance new offices and add on acquisitions.’ Cantor Fitzgerald forecasts a dividend yield for the coming year of over 6%.

speedsgh
30/10/2015
07:06
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
29/10/2015
10:46
Hello again Jonwig.I promise this is pure coincidence.i'm not stalking.I stumbled across this stock yesterday and,having concluded initial analysis,I made my 1st investment today at 95.7p.then decided to look at this thread.
FWIW here are a few general thoughts....
Contrary to comments from the likes of IC I think PLC status may prove very helpful.Share incentives unavailable elsewhere in the profession will be a valuable tool to attract and keep good employees,far more flexible than partnerships.

The valuation looks attractive at this price obviously.This leads onto sustainability of eps.I have to say I think this may be lumpy over an economic cycle,especially M+A,also construction.I have little doubt this cos t/o will wax and wane with the fortunes of the UK economy.this is my major concern.nevertheless I hope the secular trend will be up and i've taken the view that below £1 is a reasonable starting point.There is also the possibility of a rerating as the market gets used to Law firms listing.Unsurprisingly the market has been conservative with it's valuation of a new firm in a new sector.

Cash conversion is excellent..Very important IMO.

All in all it's early days.One to keep an eye on and.hopefully,add to as we learn more over time.

maiken
01/10/2015
06:41
Another irrelevant RNS. OK for the PR section of the website, I suppose:
jonwig
22/9/2015
05:54
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.

jonwig
15/9/2015
08:48
ram members share of profits which were encashed in final llp year maybe? Then they got free shares as no longer members?

Not sure,and am holiday so no time to check prospectus. Yes results are pretty good. Could they be at risk if M&A activity or housebuilding slows?

jonwig
15/9/2015
07:44
Full year results look decent. I am however puzzled by a largish entry. In the cash flow statement there is a line, payments to members, for over £20m.
What is this? Salaries to members is already included in the profit and loss account. Do we have another class to investors which cream off profits ahead of ordinary shareholders?

ramridge
03/9/2015
07:42
Announcement:



But why? How price-sensitive is this? Not at all, I'd say. Why bother - OK for the website or in the press or social media.

jonwig
31/8/2015
07:34
Background to the IPO and other things:
jonwig
17/8/2015
07:55
Article includes forecasts:

2015, T/O £60.2m, PBT £10.5m;
2016, T/O £65.0m, PBT £11.8m with 6p dividend.

jonwig
17/8/2015
07:29
In the first 10 minutes, 25 trades totalling almost 83,000 shares (average 3,300 each). All seem to have been 'buys'.

This seems to be the trigger:

jonwig
17/7/2015
07:40
Tomps, post #20.

Have just seen your video link:



Thanks, it's very good. If anyone wants just the GTLY bit, that's on the second video ("Companies and Suggestions", 7 minutes in.

jonwig
16/7/2015
17:47
mork - first law firm to float: there's some doubt whether PLC status will fit with a partnership tradition. No comparable sector benchmarks.

Plus points: they want to expand consultancy in construction work, and if things go well, a larger law firm may take opportunity to do a reverse take over.

jonwig
16/7/2015
17:23
this seems like a steal - what am i missing here?
morkandmindy
16/7/2015
07:20
Yes,Luckily I added a few yesterday.
trewinney
16/7/2015
06:07
Trading update - reassuring, considering lack of share price activity here:

The Board is pleased to announce that the business continued to perform well in the second half of its financial year. Revenues in the second half continued to demonstrate strong fee income growth and demand for Gateley's services and as a result full year revenue for the Group is expected to be not less than £60 million, representing a 10% increase over 2014 and yielding an EBITDA in line with management expectations.

Gateley will announce its Preliminary Results on 15 September 2015.

Michael Ward, CEO of Gateley, commented:

"We are encouraged to report such a strong trading statement, our first as a public company. Post-admission to AIM, Gateley continues to trade very well and we look to the future with confidence."

jonwig
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1

Your Recent History

Delayed Upgrade Clock