Gateley (holdings) Share Discussion Threads

[jonwig] 06/9/2023 09:05

Octopus Investments up from 7.11% to 8%. They bought on Monday, so taking a bit of risk there.

I imagine it's for their AIM VCTs.

[wsm812] 06/9/2023 08:16

Thanks jonwig, will it be enough to break the 18 month down-channel they are in share price wise?

[jonwig] 06/9/2023 07:21

FY results:



Very good! FY dividend upped to 9.5p. Yield now 6.2% and progressive.

[jonwig] 31/8/2023 08:14

Most quoted law firms have had a rocky couple of years. This one is an exception, but I think distrust of the sector is inevitable.

[wsm812] 31/8/2023 08:08

They were outstanding at HY, trading statement very bullish and yet they drift downwards still. I wonder what it will take to rouse the sp?

[jonwig] 31/8/2023 07:03

FY results 6 Sept.

[wsm812] 31/7/2023 08:09

Will it be enough to break out of this down channel?

[jonwig] 31/7/2023 07:06

Year-end update:

The board of Gateley is pleased to reconfirm that, as stated in its trading update on 2 June 2023, revenue for year ended 30 April 2023 will be not less than £161m, with underlying profit before tax in line with market expectations. The board is also pleased to announce that trading in the first few months of the new financial year ending 30 April 2024 is in line with management's expectations.


The board intends to publish its audited results for the year ended 30 April 2023 by not later than the 8 September 2023 with the subsequent Group AGM being held on Tuesday 17 October at 12.30pm.

[jonwig] 20/7/2023 07:46

Another small acquisition, chartered surveyors:



Growing and earnings-enhancing.

[jonwig] 02/6/2023 07:08

Trading statement, all in line despite share price:

[epo001] 18/1/2023 14:08

And an anticipated 9.9p divi.

[jonwig] 18/1/2023 07:52

H1 results:



These look very good. This is probably the most successful quoted law firm. Integrated partnerships very well, and diversified to complementary areas.

[jonwig] 16/1/2023 16:32

Yup! They have an AIM VCT, and will have a lot of new money to invest.

[ghostdragon] 16/1/2023 15:19

Looks like Octopus Investments are building a decent stake in the company.

[jonwig] 24/11/2022 09:54

Trading statement:



Very positive, though results "in line with market expectations".

[tradertrev] 02/11/2022 18:08

Thanks jonwig, that's probably it, given that SAYE shares are held by nearly all employees, many of whom will not be well placed to bear single stock equity risk in an uncertain environment. 165p to clear though - phew!

[jonwig] 02/11/2022 17:56

Yesterday's RNS might be a clue:

Gateley announces that 121,616 ordinary shares of 10p each in Gateley have been issued, pursuant to the Group's Company Share Option Plan scheme introduced in 2018 and as a result of vesting conditions being satisfied.

The Company also announces that on 1 November 2022 the Company's Save As You Earn Option Plan 2019 matured and as a result up to 375,751 ordinary shares of 10p each in the capital of the Company may be issued pursuant to the SAYE Plan.

But that's only a guess, as the total trades has been larger than these.

[tradertrev] 02/11/2022 17:52

I see the marks on the LSE website. Closing uncrossing trade of 299k at 165p probably the key - also various clips of 30-50k during the afternoon.
Somebody wants/ed out!

[tradertrev] 02/11/2022 17:44

Interesting price action with high volume today. Can anyone with L2 and trade data shed any light?

[epo001] 28/10/2022 09:50

Has there been any news on the dividend? The payment and date were supposed to be set at the AGM. Payment was agreed but I have seen no mention of amount or date.

To answer my own question, it has just been credited to my ISA a/c, 5.5p

[tradertrev] 19/10/2022 19:02

Could work, but Liberum are corporate brokers and not independent. Personally I am waiting until they get the annual placing by ex-partners out of the way before I top up. It's quite possible that any such placing will be very small given that the shares haven't done much for over a year now.

[jonwig] 19/10/2022 18:35

Thank you ... but a source would be useful.

The share price hasn't been part of the rout these past weeks!

[tole] 19/10/2022 18:23

Gateley (Holdings) (LON:GTLY) – still growing apaceOn Thursday of this week this legal and professional services group will be holding its AGM.The year to end April saw the £231m capitalised group deliver a very strong financial performance, with it achieving a significant organic growth during the year.I am hoping for a positive Trading Statement for the progress in the current year.The group's origins can be traced back to the 19th century when the commercial law firm of Stephen Gateley & Sons was established in Birmingham.Since then, the company has grown significantly and going public boosted its ability to attract new partners and businesses into its fold.Today it is a legal and professional service group, with 700 fee-generating staff out of its total of 1,038+ people.It has offices in Belfast, Birmingham, Bolton, Chester, Exeter, Guildford, Leeds, Leicester, Llandudno, London, Manchester, Milton Keynes, Newcastle, Nottingham, Reading, Rutland and Dubai.The full-service legal offering is given by its four business groups: business services, corporate activities, people issues, and finally, property matters.It supports in over 5,700 active clients in the UK and beyond, ranging from private individuals up to FTSE100 companies.Its clients include: the BBC, Sainsburys, HS2, Samsung, McCarthy & Stone, Jaguar Land Rover, Saint Gobain, Balfour Beatty, Toyota, Danone, BAE Systems, Taylor Wimpey, de Montfort University, NCP, and Transport for London.Analyst James Allen at Liberum Capital rates the group's shares as a Buy, looking for 320p in due course.He expects the year to end April 2023 to show revenues of £162m (£137m), while pre-tax profits could rise to £26.1m (£21.6m), lifting earnings up to 16.5p (14.3p) and covering a 9.6p (8.5p) dividend per share.The group's shares, which peaked at 244p a year ago, closed at 185p on Friday night and look very attractive at that level.An easy climb to trade the 200p-220p range is more than possible.

[jonwig] 04/10/2022 07:18

Useful acquisition, and maybe a decent price: