Gateley (holdings) Share Discussion Threads

[johndoe23] 27/11/2020 07:58

Well they did email me this morning saying there was a trading update today!Maybe they meant there was no fixed date for interims, which there isn't.Either way, pleasing update!

[this_is_me] 27/11/2020 07:28

Well John it looks like you were treated like the proverbial mushroom - kept in the dark and fed sh1t.

Anybody think that the share price jump this week could possibly be insider trading due to leaked information?

Impressive results. I can't see anything other than a big price rise on the way.

[robsy2] 27/11/2020 07:20

there is your update. Seems pretty good to me but no mention of a dividend.

[johndoe23] 26/11/2020 11:41

Contacted the company this morning regarding trading update and interims.They said discussions are taking place at the moment, but nothing has been decided yet. I might add they were very quick to respond, always a good thing in my book!

[recut more] 23/11/2020 18:09

Think trading update could be around 25th based on last year, year before was the 23rd

[johndoe23] 23/11/2020 17:06

Yes, tricky resistance at 140p gone. Next stop 160p, if divi is reinstated at interims, maybe higher...

[this_is_me] 23/11/2020 15:59

looking good to reach 160p.

[johndoe23] 22/11/2020 17:25

Last year there was a trading update end nov with interims in December. Anyone know if this is the case this year?

[this_is_me] 30/10/2020 18:18

Yes, that was, I'm sure, a shock to the Board.

[tradertrev] 30/10/2020 16:54

Blimey - directors' remuneration only just squeaked home at the AGM! Work to do there.

[blondviking] 08/10/2020 19:36

Plus 6% today! Should get back to about 140p

[blondviking] 06/10/2020 10:15

This is the forth time in last 6/7 months that we have hit the support level at about 116p. It should bounce back from this level.

[petewy] 02/10/2020 12:13

Still waiting for it to stop falling. But at 118p buyers are not steaming in.

[johndoe23] 01/10/2020 11:20

Good prospects here. Ok no divi, but that will be reinstated in time. Trading at the start of the year was above my expectations, and is encouraging. Still cheap compared to it's peers too...

[2vdm] 01/10/2020 07:52

I've just bought in but for the longer term. Seems a well managed and profitable company that will grow over time, so good for my SIPP.

[energeticbacker] 30/9/2020 10:19

Management commented how they are benefitting from cost savings resulting from new ways of working introduced during lockdown and activity levels are now only 7% down on the previous year, with the Group continuing traded profitably and cash positive throughout the new financial year.

A bargain opportunity?

More on the Investor's Champion website.

[jonwig] 29/9/2020 08:32

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?

[this_is_me] 29/9/2020 07:39

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.

[robsy2] 27/9/2020 20:03

Sharepad stats are positive and as John Doe says we know how things went. It rates a BUY , very cheap on the stats side but who knows how trading is going.... The share price has fallen from 220p to 130p so a lot of gloom is already priced in. Current trading is the big unknown.

[petewy] 27/9/2020 18:42

It's a divi I'm looking for.

[johndoe23] 27/9/2020 18:33

We know from the trading update in May that full year revenues will be at least 108M. Key will be how business has performed at start of new financial year. A reinstated divi would be nice...

[scepticalinvestor] 27/9/2020 17:23

utter hogwashthe sector is booking - expecting at least 5% gain on Tues