Gateley (holdings) Share Discussion Threads

[qs99] 22/3/2017 09:01

looks like through £1.50, nice moves, breakout?

[qs99] 22/3/2017 08:31

looks like it is getting some decent support, slowly and surely IMO

[darryn1] 04/2/2017 18:04

Happy holder as we're really motoring now.

[3rd eye] 27/1/2017 14:45

GTLY Gately Holdings broke out over last 4 days .:For the six months ended 31 October 2016, revenues increased 19% to L35.2M. Net income inc 55% to L3.3M

Business Summary

Provides legal services

Gateley (Holdings) Plc engages in the provision of commercial legal services.

It also offers complementary non-legal services including acting as independent trustees to pension schemes and provides specialist tax incentive advice.

It operates through the following segments: Banking and Financial Services; Corporate; Business Services; Employees, Pensions, and Benefits; and Property.

The Banking and Financial Services segment consists of legal advice in respect of asset finance, banking, and corporate recovery services.

The Corporate segment comprises of legal advice in respect of corporate, family, private client, and taxation services.

The Business Services segment offers legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport, and insurance services.

The Employees, Pensions, and Benefits segment deals with legal advice in respect of employment and pension services.

The Property segment covers legal advice in respect of construction, planning, real estate and residential development services.

The company was founded by Henderson Boyd Jackson and Gateley Wareing in 2006 and is headquartered in Birmingham, the United Kingdom.

Number of employees : 622 persons.

[jonwig] 25/1/2017 14:47

Whilst on this thread, go to "Trades" on the top bar and choose 24 Jan. If you're timed out wait until after the 4:30 close then choose the date. Uncrossing at end-day is very common with SETS.

[jamgr0] 25/1/2017 13:05

My mistake. How do you know that, it came up as an ordinary buy on LSE? I'm just getting used to posting, emerging from being just a reader.

[jonwig] 25/1/2017 06:58

Jamgr0 - the final 50,000 yesterday was the closing auction uncrossing (marked "UT"). It's not a single trade but a matching price for all uncompleted orders at the end of the day -clears the decks.
It quite often happens that this price is a lot above or below what you might expect, so I wouldn't put too much importance on it. It certainly wasn't a single buyer of 50k shares.

PS. You can edit the text of your posts by using the "Edit" button next to a post. If you want to delete a post completely, you have to leave a single character, say a full-stop.

[jamgr0] 24/1/2017 20:20

These 1p and 2p increases are very welcome. Ore big buys today. There's several 140-142p price targets on GTLY but IMO there's more to come longer term. The annual report will make for interesting reading to see how well the Gateley Capitus and Gateley Hamer businesses are bedding in to the model

[jamgr0] 16/1/2017 10:36

Jonwig - I've certainly done my research on this firm!

[jamgr0] 15/1/2017 22:43

Jonwig, that's a good point. Though you'd hope it was never necessary to rely on equities or debt to sustain the firm. Especially as partners' (in a management structure sense) remuneration is intrinsically linked to the profits of the firm. I certainly can't see a recession sinking Gateley. It continues to meet its strategic targets and hopefully cements itself as one of the beacons in the crowded UK mid-size firm market over the next couple of years.

[jonwig] 14/1/2017 06:24

Jamgr0 - an interesting question might be whether a quoted law firm (GTLY) would be in a better position if it faced a serious recession since it would be able to tap the financial markets for equity or banks for debt. A partnership would be less flexible, perhaps?

Of course, bad management wouldn't - ultimately - save a PLC either, except through merger or takeover.

[jamgr0] 14/1/2017 00:20

Commercial law firms will always be in demand. If clients start to feel the pinch, corporate deals (the main revenue stream) may well dry up to some extent. However, other services offered, like litigation, insolvency work, debt recovery, and advisory services will still be sought after. Recession proof is a stretch. I wouldn't say law firms per se are recession proof. A well run firm with a good reputation and solid fundamentals should weather the storm. That said, see Halliwells as an example of a firm that went bust during the last recession (I think in 2010) due mainly to bad management.

[jonwig] 12/1/2017 18:30

anley - if I remember right, the prospectus listed construction (where they do a lot of legal work) as a risk.

[anley] 12/1/2017 16:49

Would you put this business as "recession" proof?

[qs99] 12/12/2016 08:11

nice tip, glad I've been tipping it for a while! off to the races today....

[jonwig] 11/12/2016 11:55

Thanks, here's the link. Did you read the dopey comment someone wrote: "Ambulance chasers."

[opodio] 11/12/2016 10:43

Mail on Sunday Main tip
will heafd to £2

[speedsgh] 07/12/2016 12:29

Law firm Gateley buying, building and paying out -

[qs99] 06/12/2016 08:10

very good, nice yield, decent outlook, should be zooming higher IMO!

[jonwig] 06/12/2016 07:21

H1 results, very satisfactory:



Consensus for FY is eps 9.85p, div 6.59p. With the interim dividend increased to 2.2p, a full year of 6.6p would be expected. I don't remember reading anything about H2 vs H1 profit weighting.

[jonwig] 29/11/2016 12:40

Gateley Interview:

[qs99] 15/11/2016 10:01

great yield IMO on this as well

[qs99] 15/11/2016 07:18

well all seems on track IMO>..let's hope it helps move the SP|!