Gateley (holdings) Share Discussion Threads

[scepticalinvestor] 26/8/2020 15:40

stalker boy is a little irate because I am shorting one of his bargepole stocks

[petewy] 26/8/2020 15:04

Support line ? takes in covid? I'm waiting for 110p with Stalker or a TU. If there was good news we would have heard it by now. In this climate for me no news is bad news.

[saucepan] 26/8/2020 14:40

Stalker_Boy: good luck if you are shorting, though I think you will need it.

What I observe:

* Today's mark down quickly brought in buyers who see value at this level.

* The chart has made a higher low, and provided that holds I think things look good technically. I agree, however, breaking past 140p area resistance will be important. At the very least, I expect it to be tested.

* There is a quadruple bottom on the chart, going back to 2018. That is a huge support line and I would be amazed if it broke.

[edmate] 26/8/2020 14:32

here we go

[stalker_boy] 26/8/2020 14:15

Chart pointing to lower lows. Looks a good short at this level. If there's no good news can see it sub £1

[scepticalinvestor] 26/8/2020 12:35

TU very soonstill long from 122

[edmate] 26/8/2020 11:54

Seller around at the 140 mark? Seems to have trouble getting through that...

[recut more] 26/8/2020 11:32

Don’t know why it’s dropped, unusual, can’t see anything on research tree?

[petewy] 26/8/2020 11:08

I'm waiting to get back in. Today's drop is why? Something we don't know?

[robsy2] 21/8/2020 08:35

Yep. I’ve added. Looks like it may be on the move back. Reinstated divi and decent trading update and we’re back to 200p. I hope.

[saucepan] 20/8/2020 09:43

Another nice move - if it holds or builds. Increasingly looking like a step change in momentum.

[bbluesky] 19/8/2020 16:43

Overhang gone? Looks like a nice bit of business to me. Specultion, but Miton have been rumoured to be not in great shape, so the life in the financial jungle is to kick a dog when it is down and then buy the shares off them. For me the tide is definitely with GTLY and I look forward to them reinstating their well backed solid divided and maybe even a special.

[saucepan] 19/8/2020 08:29

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 13:44

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 11:33

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

[scepticalinvestor] 18/8/2020 10:55

yes agree.125 to buy now - retrace on?

[jonwig] 18/8/2020 10:53

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 10:44

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

[scepticalinvestor] 18/8/2020 10:06

ouch large amounts being dumped

[scepticalinvestor] 17/8/2020 12:57

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

[sphere25] 10/8/2020 11:14

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 08:21

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 08:09

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 08:00

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 15:10

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?