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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gateley (holdings) Plc | GTLY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 120.50 | 07:39:32 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.50 | 120.50 | 120.50 | 120.50 | 120.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 20/10/2023 08:17 by jonwig IC is reviewing the top 100 AIM companies. GTLY is No.90:Like many of its legal peers, Gateley (GTLY) has been struggling to entice investors since interest rates rose and recession fears mounted. The group trades on a forward price/earnings ratio of under 10, compared with a five-year average of 12.2, as worries about the resilience of listed law firms start to increase. We may be underestimating this mid-market player, however. For starters, most of Gateley’s solicitors have remained busy this year, despite the company’s exposure to transactional work, and fees are up on an organic basis. Nor is Gateley entirely reliant on legal services. About a quarter of its turnover now comes from consulting, and this division is growing quickly: organic sales increased by 18.4 per cent in the year to 30 April 2023, and there appears to be an abundance of cross-selling opportunities. Gateley isn’t as flashy or fast growing as some Aim constituents. However, it has a good track record, defensive characteristics, and solid prospects. Buy. JS |
Posted at 29/7/2022 16:36 by martke Positive Investors Chronicle article yesterday.July 28, 2022,By Jemma Slingo. "The term ‘Steady Eddie’ isn't always a compliment. It implies a plodding competence; an uninspiring dependability. When it comes to investments, however, this is sometimes exactly what's needed." The article warns of inflation (salaries of qualified staff and lawyers rising)and competition for staff. Praises diversification into related but non legal businesses. Says the 4 "platforms", Business, Corporate, People & Property, offers diversification and makes the overall company lower risk. Concludes, "However, those in search of stability, resilience and composure in the face of a crisis – all at a good price – should look no further". I am looking for Inheritance Tax compliant AIM companies, so "Steady Eddies" with decent dividends are fine for me. 2023 forecast; PE 11.9. Yield 5.12% ....... Sales.....PBTm...... EPS(p) .....DPS(p) 2020... 110 .......17.8...... 12.5........ nil 2021... 121 .......19 ........13.2........ 7.5 2022... 137....... 22........ 14.1........ 8.5 2023... 160....... 25........ 16.1........ 9.8 2024... 172....... 27........ 16.5 .......10.1 |
Posted at 18/9/2021 11:25 by jonwig Why the share price rise?It might just possibly have something to do with a sentence in yesterday's Investors Chronicle: Gateley will be partnering with Bench Walk Advisers to create a £20m funding ... So it's entering the litigation finance area in a small way. BWA seems to be an international firm with offices in the USA and UK. But why haven't we been informed of this by the company? |
Posted at 12/1/2021 12:01 by epo001 The RNS I've just read contains the following (in CEO review): "We are committed to resuming bonus payments to our staff and dividends to our investors and will look to reintroduce our existing dividend policy following completion of FY 21." |
Posted at 29/9/2020 08:32 by jonwig I'm relieved that receivables haven't surged: they seem well-controlled, and cashflow is holding up well against profits.Initial market reaction a bit muted: are investors so miffed at the cancelled dividend? |
Posted at 29/9/2020 07:39 by this_is_me Great long term prospects.They were never going to pay a dividend for 2020 since staff bonuses were cut. It looks like a final dividend for 2021 is a distinct possibility assuming that that they pay staff bonuses. Current trading and outlook FY21 started better than we initially expected, given the worldwide economic crisis. The Group has been profitable and cash positive throughout the current year to date, albeit Q1 FY21 activity levels were down 9% year-on-year, improving to just 7% down at the end of August 2020. Although there has been a positive trend in activity levels within the Group since April, the macro-economic outlook remains too uncertain for the Board to sensibly guide on the outcome for FY21. The fundamentals of our business, and the opportunities that exist for capitalising on our broader professional services through our Platforms, however, remain strong. Gateley is a resilient, balanced and financially transparent business with a demonstrable history of growth across numerous economic cycles. Given our proven ability to perform in counter-cyclical markets and our low geared balance sheet, we fully expect to emerge from this crisis in a strong position, able to capitalise on both organic and acquisition opportunities to grow the business further. Opportunities undoubtedly exist to broaden our client offering and Platforms further and deliver strong returns to investors. We remain confident in our business and people and embrace the future. |
Posted at 03/9/2020 10:06 by johndoe23 Contacted the company this morning regarding the final results. They confirmed they will be later this month, no exact date confirmed as yet. Very prompt reply to my email i might add, nice to know investors are appreciated! |
Posted at 09/6/2019 10:22 by jonwig GTLY covered in the Hardman Monthly, page 27:Summary: Gateley is a fully invested, consistent performer in a new and exciting space, which is likely increasingly to attract investor attention. It is a high-quality professionalservices group with significant growth potential, an excellent track record of delivery, a strong management team, and a strategy to diversify further in complementary professional services. |
Posted at 22/3/2019 07:29 by bbluesky Good article on the sector in Interactive Investor Daily News (21 March) following the DWF IPO"DWF IPO: Are these AIM law firms better value? by Andrew Hore " |
Posted at 04/10/2018 11:52 by countless Interesting write up by The Motley Fool team:-Regular readers of The Motley Fool will be aware of the importance of shopping around and not limiting their stock searches to the FTSE 100 or any other of London’s major bourses. Whether you’re hunting for big dividend yields or proven profit generators there’s no shortage of contenders amongst the capital’s smaller indices. In fact, if you’re looking for both right now then a quick glance at Gateley Holdings (LSE: GTLY) is definitely worth your while. The firm is a specialist in commercial law with operations spanning from the UK to Dubai. Since listing on AIM back in 2015 — it was the first business of its kind to do so — it has continued its long story of churning out robust earnings growth, culminating in last year’s impressive double-digit-percent And trading at the business remains extremely robust, leading brokers to suggest more sustained earnings growth (rises of 8% and 9% are predicted for the years to April 2019 and 2020 respectively). A critical driver of its strong performances has been its dedication to investing across the business. Expanding its labour base is one such way that Gateley continues to thrive, and last year it bulked up the average fee-earning staff numbers on its books to 509 from 457 the year before, up 11.4% year-on-year. But what has really lit a fire under the bottom line is the company’s dedication to hunting down tasty acquisitions. Acquisitions coming thick and fast After making its first two acquisitions back in fiscal 2016 Gateley now has the bit firmly between its teeth. The legal eagle made a further two takeovers in the last 12-month period and since then it has seized business psychologist Kiddy & Partners to boost its employment services portfolio. The business is showing little appetite to slow down on the M&A front. At this week’s AGM, non-executive chairman Nigel Payne said it continues to hunt for “additional complementary businesses which are earnings accretive and assist in diversifying the Group even further.” Gateley certainly has the financial clout to keep its spending spree on the boil. Cash generation remained impressive last year and operating cash flow rose to £12.2m, up from £7.7m in fiscal 2017, while net debt tumbled £4.1 year-on-year to just £0.7m. Delicious dividend yields rise to 5% To the delight of income investors, Gateley’s rock-hard balance sheet and bright earnings prospects are leading the City to predict that dividends can keep growing and that it can offer inflation-busting yields as well. Last year’s 7p per share total dividend is anticipated to advance to 7.5p in the present period, and again to 8.2p in the following year. As a consequence, yields stand at 4.6% and 5% for fiscal 2019 and 2020 respectively. The market seems fairly oblivious to Gateley’s exceptional growth (and income) prospects, however, and this is reflected in the company’s cheap forward P/E ratio of 13.8 times. I’m convinced that the law specialist is a share that offers plenty of upside at current prices. |
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