Gateley (holdings) Share Discussion Threads

[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.

[bbluesky] 15/2/2020 11:56

SauceP, I came across it in "The Week", so yesterday's news. What I omitted from the clip was that GTLY "provides services to 18 of UK's largest housebuilders", as I think it is broader than that and for me it is a growth rather than cyclical play. I said on the KGT site that buying other solicitors is a pretty simple and effective business model, but seeing the market strength of UK housebuilders, maybe not such a bad thing for it to be highlighted!

The fat ex - divi date was Valentine's Day. Payment Ides of March. Enjoy!

[saucepan] 15/2/2020 11:17

Thanks, for that info., bbluesky. Perhaps a good day on Monday?

[bbluesky] 15/2/2020 09:11

"The Times" likes it as well: "..is performing well. Revenues and profits are rising at "healthy levels". Yields an attractive 4.2 %. Buy 214p.

[jonwig] 06/2/2020 09:21

On forecast earnings for 2020, PER is 15.7x, and for 2021 it's 14.6x. Still reasonably good value.

[petewy] 06/2/2020 09:06

Will it level off? I want to top slice but it just keeps going up. Healthy firm good divi didn't expect the rise.
Lot of buying this morning.

[bbluesky] 27/1/2020 18:33

Jonwig, GTLY are certainly in on the big picture of housing and well placed for the structural growth necessity, reading the week-end press, though one would think much had been done, the Northern part still seems very uncertain in planning and is one reason for such a wide range of cost estimates. GFranlky, a disgraceful fiasco. Having seen him as London Mayor, Boris does not give two hoots for spending money: Boris bus, garden bridge, Thames Estuary airport etc. Doubt he has ever had to live to a budget!

[jonwig] 23/1/2020 20:00

bbluesky - I think a lot of the legals on HS2 will have been done. But the government's aspiration on housebuilding will mean an overhaul of planning rules and quite a lot of legal work.

[bbluesky] 23/1/2020 19:51

Musings:should HS2 move North, with 30% in construction/building/planning related, GTLY has to be a prime play for years! Currently, speculation of course.

[petewy] 17/1/2020 15:07

pays a far bigger div than Knights group which reported this week.

[saucepan] 17/1/2020 15:04

Thanks, jonwig.

[jonwig] 17/1/2020 14:42

IC says BUY again:

Despite increasing competition in the listed legal sector, Gateley’s growth is likely to continue, with strong organic growth complemented by further acquisitions. A potential Brexit boost for the construction industry could also drive demand for Gateley’s property services which currently account for over a third of revenue. Buy.

And "The house broker expects adjusted pre-tax profit of £20.3m and EPS of 14.2p for the full year, rising to £22.2m and 15.4p in 2021."

Of all the UK-quoted law firms, this is the most cautious and least risky. One (INCE, or GOR as was) is decidedly dodgy, others are either getting into litigation finance (Rosenblatt) or expanding like mad. Maybe DWF is one I'd buy, it's the largest.

[saucepan] 17/1/2020 13:35

. . . and new highs :-)

[saucepan] 16/1/2020 14:59

With the "sell on news" brigade presumably out of the way, this looks set to climb quietly higher I think.