Gateley (holdings) Share Discussion Threads

[jonwig] 20/7/2021 06:37

FY Results:



As already signalled, excellent.

I didn't know - "Gateley remains the UK's most active M&A legal advisor by deal volume, according to the latest Experian MarketIQ UK M&A league table"

useful - "Non-legal revenues increased by 27.3%, as complementary consultancy businesses contributed £14m or 11.5% of total revenues (FY20: £11m or 10.0%)"

Note: "An impairment loss of £1,525,000 has been recognised in relation to trade receivables in the year (FY20: £562,000). This is based on the expected credit loss under IFRS 9 of these types of assets. The trade receivables loss is estimated at 3.7% (FY20: 1.2%) of the balance."

[greggphilips88] 21/6/2021 18:19

No problem - genuine error. You should be able to edit and delete if you want to.

[barkboo] 21/6/2021 17:03

greggphilips88 - apologies.

[greggphilips88] 21/6/2021 16:39

I suspect post 457 above was intended for the TLY board, not GTLY :-)

[barkboo] 21/6/2021 15:25

sikhthetech21 Jun '21 - 16:06 - 9864 of 9867
0 0 0
all readers:

you have to wonder how deep underwater Barky and his mates really are...

He did exactly the same with help from Kendo/Qualivarium in 2013... to entice the gullible in 2013-14 when Blnx rose to eq share price of £28 before it crashed to 400p...




Best to read the company/sector newsflow...
Watch the pump/dump.

[tradertrev] 16/6/2021 13:04

Clear buying opportunity

[5oletrader] 16/6/2021 12:50

Buy the Fear?!

[slopsjon2] 16/6/2021 12:49

Notice of Cyber Security Incident

Gateley (AIM: GTLY), the legal and professional services group, reports that it is currently managing a cyber security incident after discovering an intrusion into its systems from a now known external source. The intrusion was quickly identified by the Company's IT team and it acted immediately to secure the Company's systems. Based on the information gathered to date, the Company is confident that its security controls were effective in limiting the impact of the incident.

[tole] 31/5/2021 16:12

https://www.thisismoney.co.uk/money/investing/article-9632617/MIDAS-SHARE-TIPS-UPDATE-Gateley-doubles-cash.html

[tole] 30/5/2021 13:56

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-begbies-n-brown-circassia-and-more/Gateley (LON:GTLY) – price aim attainedThe CEO Rod Waldie stated that, "We are carrying a strong pipeline of work into FY22 and are looking forward to continuing to grow the group, both organically and via acquisition."Joint broker finnCap is looking for this commercial legal and professional services group to show £120m (£109.8m) of revenues for the year to end-April 2021, while pre-tax profits of £20.0m (£18.7m) will help earnings to rise fractionally to 12.7p (12.5p) per share.The current year could see £130m of revenues and £21.0m of profits, with 14p in earnings.The broker raised its price objective from 188p to 247p.The shares at 201p look capable of rising further yet.

[tole] 26/5/2021 12:30

https://www.thebusinessdesk.com/northwest/news/2079595-law-firm-sees-revenues-profits-and-reserves-grow-following-strong-second-halfLaw firm sees revenues, profits and reserves grow following strong second halfRod WaldieLegal Services | May 26 2021 | Neil Hodgson Legal and professional services firm, Gateley, will announce improved revenues and pre-tax profits for the year to April 30, and recommence dividend payments, it confirmed today.In a trading update ahead of publication of its final results on July 13, the firm said it entered the second half of the year with high activity levels, strong trading momentum, and a sense of optimism and confidence, despite the ongoing uncertainty brought about by the COVID-19 pandemic.Gateley, which has offices in Birmingham, Manchester, Leeds, Leicester, Nottingham and Dubai, said trading continued to improve throughout the second half, resulting in the group generating revenue during the six months of not less than £69.5m, an increase of more than 20% over the previous year.Full year revenues will be not less than £120m, compared with £109.8m the previous year, an increase of more than 9.3% for the year as a whole.Prudent cost and cash management measures, initiated by the board at the start of the pandemic and augmented by the stronger than anticipated second half trading, have yielded a net cash position at April 30, 2021, of £20m, significantly ahead of management's previous expectations.The group expects to report 2021 profit before tax of not less than £16m, compared with £14.8m for 2020, an increase of not less than 8.1%.Gateley also said it is recommencing dividend payments to shareholders in line with its previous policy of distributing up to 70% of profit after tax. Gateley to restart divi payment after strong financial year Gateley pays out again after successful acquisitionThe board will propose a dividend for 2021 in the group's final results announcement on July 13. The interim dividend of 2.5p per ordinary share will be paid on June 28.Chief executive, Rod Waldie, said: "I am delighted with this excellent performance, which is testament to our culture and the contribution of everyone working at Gateley, without whose commitment we would not have been able to deliver such a strong result."I thank the whole team for their hard work, diligence, and resilience, in the face of what has been an unprecedented period."He added: "I also thank our clients for their support throughout FY21 and for giving us the opportunity to work with them on high quality mandates."This has been a turbulent year for all of our stakeholders, but our diverse and highly regarded legal and consultancy offering has enabled us to continue to provide excellent service to our clients whilst growing our business."We are carrying a strong pipeline of work into FY22 and are looking forward to continuing to grow the group, both organically and via acquisition."

[this_is_me] 26/5/2021 06:35

Great set of results; back on the up despite this year's lockdown.

[tdog1975] 21/5/2021 16:00

Not much for sale.... any demand is going to push this up up up

[this_is_me] 21/5/2021 14:14

It looks like we are back on the up again.

[this_is_me] 06/5/2021 07:34

I'm glad I stayed invested here for the long term. Record results despite the virus.

[tdog1975] 06/5/2021 07:30

If Carlsberg did updates...

[saucepan] 06/5/2021 07:12

Back in here. Update too good to ignore.

[2vdm] 06/5/2021 06:37

Cash substantially ahead of mkt expectations and a 2.5p dividend in due course. Well done to the BOD

[jonwig] 06/5/2021 06:22

Trading statement. "Materially ahead" -

[dogwalker] 19/2/2021 17:26

Got a good boost in that direction at the close today, didn't it?!
Just needs to stay above 182.5p before we're then off to the moon/Mars .
Let's be positive on this one.

[johny cash] 19/2/2021 17:08

Next week this should be on the move north :)

[dogwalker] 21/1/2021 17:13

And we've the little gap to fill around 180p next, left there on 9th March last.

[this_is_me] 12/1/2021 18:44

Closed above the 160p level which has been important over the last 4 years or so.