Gateley (holdings) Share Discussion Threads

[saucepan] 19/8/2020 09:29

Encouraging tick up. It will be interesting to see how far the next leg up takes us.

The risk/reward ratio looks very good here: with a stop just below the quadruple bottom and a lot of recovery to go for. Supportive fundamentals, too.

[petewy] 18/8/2020 14:44

Miton Asset Management Ltd.as of 24 Jun 2019 4.85m 4.13%

This could be the culprit for the day's selling. Just a guess, Liontrust have a larger stake.

[scepticalinvestor] 18/8/2020 12:33

no - with that 300k dump am 99% certain they were sells

[scepticalinvestor] 18/8/2020 11:55

yes agree.125 to buy now - retrace on?

[jonwig] 18/8/2020 11:53

They clearly aren't straight 'sells' (don't trust ADVFN's algo which merely looks at mid-price). Lots of other things could be going on.

[tradertrev] 18/8/2020 11:44

...and yet the share price seems if anything to be going up...

[scepticalinvestor] 18/8/2020 11:06

ouch large amounts being dumped

[scepticalinvestor] 17/8/2020 13:57

Results soon imo - last year was mid jul.looking to take a position below 120p

[sphere25] 10/8/2020 12:14

Failed Naked Trader play here.

But a possible triple bottom on that chart with a couple of big chunks of volume (possibly the sellers holding the price back cleared) just gone through.

[saucepan] 07/8/2020 09:21

Thanks jonwig.

From the interim results presentation:



It is perhaps worth bearing in mind that there is a lot more to the business than the property segment - and that does not look to be the key growth driver.

[jonwig] 07/8/2020 09:09

Yes - consensus eps are 13.1p and the two brokers say 'strong buy'.

But ... construction activity was weak post-year end so outlook might be uncertain.

[saucepan] 07/8/2020 09:00

Bought back in here today after selling a few months ago.

120p or thereabouts is a quadruple bottom on the chart above. The Company has confirmed (26 May) that "revenue for FY20 will be not less than £108.0 million". A single digit P/E looks to cheap to me for a company continuing to grow.

[johndoe23] 17/7/2020 16:10

Time to buy was around 120p. Looking for an entry point, if 160p resistance goes, could see a run back up to 200p?Any thoughts?

[2vdm] 10/7/2020 10:59

Sphere, that leaves a 14% uppside if I've understood you correctly, which although not extraordinary is not bad in these hard times. Views appreciated.

[sphere25] 07/7/2020 16:41

Ok folks, break higher confirmed with the stock closing up 4.8% at 141.5. FinnCap edged down to offer 143 toward the end with abit of a stock, but that got cleared out very rapidly so possibly setting up for another similar move tomorrow with minimal stock about at various price points.

I very much doubt that W pattern will complete. A move to test strong resistance at 160 looks on. Almost a textbook 50% bear retracement to 160 recently, but found it too much of a challenge and then dropped off, so that's where the real battleground is.

[jonwig] 07/7/2020 14:38

How interesting!

Our biggest sector of work is housebuilding, which explains a bit.
But there's also gov't infrastructure which involves a lot of planning, compulsory purchase, change of use, etc. All related stuff.

[nerja] 07/7/2020 14:31

A little top up, hoping that’s a W double bottom leading to a breakout

[sphere25] 07/7/2020 09:21

Been trying to buy @136 but the market makers have closed the book off.

Stock could breakout shortly.

[sphere25] 06/7/2020 15:42

Edging up this. Just watching for a breakout to add.

[petewy] 03/7/2020 20:14

Yes. Same position with WIN

[ny boy] 03/7/2020 14:13

Did you buy at 120p then?


petewy2 Jun '20 - 15:16 - 346 of 353
0 0 0
Well I quit. May come back in dividend news but with no div then it could sink to 120-130

[sphere25] 02/7/2020 16:15

Naked Trader buys. Followed him into this one - nibble a few here and average into weakness. 160 -180 would be nice!

"I bought into Gateley (GTLY) something I hadn't come across before but this one popped up on a screen we looked at during last week's zoom seminar. (That one sold out, so an overflow event scheduled for the 15th July - see above somewhere for details)

If profit forecast are anywhere close, after some recent falls it looks like it
has headed into bargain territory. After all it has halved since highs well
into the 200s.

That means there is plenty to aim for with an initial target of 160p-180p looking
a reasonable one.

This legal and professional services group reckoned recently it was doing pretty well, virus or no virus. It's been buying up other companies to grow.

Debt levels are low but it has £20m extra to work with should the need arise.

Looks like a good chance to pick up quality at a bargain price! For me
it is also handy that it is very liquid so it is easy to buy and sell quite
big amounts."

[jonwig] 27/6/2020 06:34

Yes, debtors is a problem. Before all this, they were changing their charging policies away from 'billable hours' and doing more contingency-fee work. They have the financial strength to manage through this provided activities such as construction get back on track quickly.

A lot of weaker housebuilders will have to sell off land, so stronger ones will be getting bargains. That's a bigger volume of legal work. (Taylor Wimpey have raised funds to take advantage of just this.)

[robsy2] 26/6/2020 18:05

Ok so the divi has been cut/ delayed- this si a negative but maybe there is something else to explain why the share price has been so weak. Maybe the problem is they are not getting paid fopr the work they do . They had 45m GBP debtors balances which seems a lot . I think someone else raised this point before.If they normally do a lot of work in the property space then maybe they are not getting paid?

[petewy] 19/6/2020 21:55

All sells today surprised the price held up.