Gateley (holdings) Share Discussion Threads

[johndoe23] 01/10/2020 10:20

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 06:52

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 09:19

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 07:32

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 06:39

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 19:03

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 17:42

It's a divi I'm looking for.

[johndoe23] 27/9/2020 17:33

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 16:23

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

[petewy] 27/9/2020 10:30

I sold out and have been waiting to get back in again. My opinion (not fact) is not a good forecast because Covid19 has hit lawyers/solicitors badly.

[recut more] 26/9/2020 10:12

Results Tuesday, anyone got any forecasts etc how it might look?

[this_is_me] 22/9/2020 18:21

Just use ADVFN: click news at the top of the page and then click the news list tab..

[johndoe23] 22/9/2020 07:47

HL is becoming quite poor at uploading RNS statements before 08:00. I checked before then!!

[jonwig] 22/9/2020 07:41

RNS - Tues 29th.

[johndoe23] 22/9/2020 07:30

Surely results this week?!

[texaspete2] 18/9/2020 10:48

No specific date on their website other than 'September 2020', watch this space!

[johndoe23] 14/9/2020 20:04

Nice tick up today, results imminent?!

[petewy] 03/9/2020 12:03

Thanks John

[bbluesky] 03/9/2020 09:45

Thx. Knights (KGH)is close to all time high, so maybe more life than the sector than market is suggesting here.

[johndoe23] 03/9/2020 09:06

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!

[scepticalinvestor] 26/8/2020 15:41

not terribly bright are you?