Gateley (holdings) Share Discussion Threads

[tradertrev] 27/11/2024 12:58

Alternatively, the sellers might simply go away if their funds ever see a return to net inflows. My strong personal feeling (but backed up by contact with one or two small-cap brokers) is that fund managers have been forced to throw the baby out with the bath water due to redemptions. GTLY, while clearly a high quality counter and IMV significantly undervalued, is not as cheap as some stocks which can be bought on much less than 10x P/E.
I continue to hold my shares but don't need any more.

[sphere25] 27/11/2024 09:23

If you're already beaten up, loitering down at these levels, the market must be expecting a worse update than that. Except, not only has it been marked down a tad on that update, noone gives a hoot too, with only 5,833 shares traded in the first hour.

Underlying profit before tax forecast to come in at £24.1m versus £176m market cap at 132p and with a slight net cash position. That clearly isn't value for this market or you'd surely see them flying in to buy for at least a 10-20% move higher from here.

Last year the update mentioned "challenging". This year they mention "encouraging". It sounds more optimistic and also bear in mind that they were only broadly in line with forecasts at H1 (with comments like "...full year outturn more difficult than usual to forecast" and managed a decent outcome. Dividends of 9.5p in each of the past two years as a kicker, not that it matters in this market.

Just browsing through. It looks cheap, but who wants to buy big and tie themselves into a highly illiquid AIM share nowadays?

Clearly that 140p mark is where the big sellers come in to knock the price back down. Due to the illiquidity, GTLY is prone to very sharp moves on very little volume. In this sort of market, the buyers who have done best are those who come in when it has one of those sharp low volume plunges down.

It looks like a big clear out of sellers needed, if it going to lift the heavy weight on the price, and allow any sustainable material re-rating higher. At the moment, it just seems mostly stuck around this 130p level with the heavy weight of those stale Bulls just sat abit higher ready to come in.

Watching to see if any activity does at some point follow, but that is a tough ask nowadays, with low liquidity and alot of bearish sentiment out there. But then, folk would argue this is the time to be buying or that good companies are sitting ducks for predators.

It is still grim I tells thee!

All imo
DYOR

[santangello] 15/11/2024 12:49

Trading Update due this month ?

[tradertrev] 09/10/2024 16:43

The recent sale by former partners etc was effectively bought in by the company - they gave money to the EBT which bought the shares to meet future awards. AFAIAC that is the gold standard of stewardship. No dilution from future awards and no shares being placed into a very unresponsive market. That particular overhang of stock (the once a year permitted sale by former partners) is now removed for many months.

[santangello] 09/10/2024 11:15

xd tomorrow for a lovely 6.2p dividend....

[tradertrev] 15/8/2024 09:29

Q2 GDP data - "Growth across the three months was led by the service sector, where scientific research, the IT industry and legal services all did well." (Liz McKeown, director of economic statistics at the ONS said).

[tdog1975] 17/5/2024 15:43

Is this the bargain for the year or am I missing something???

[epo001] 15/5/2024 10:19

No RNSs which you'd expect if there was a large institutional seller. Good divi yield and seems temptingly priced, but Mr Market clearly thinks differently. Bargain or bargepole?

[spooky] 14/5/2024 17:14

There has been an institutional seller in the background for a while. The late reported trades may be the end of the seller.......or they may not. On known information, combined with the likely economic outlook, i have absolutely no idea why anyone would want to sell at the current price.

[epo001] 14/5/2024 12:15

Not paying bonuses could result in your high performers moving on, perhaps this has happened. Certainly doesn't make for good employee relations which, in a people business, is a serious blunder.

[wsm812] 14/5/2024 10:18

This stock is the worst performer in my portfolio - my own fault for not having a stop loss. Lesson learnt!

[tradertrev] 14/5/2024 09:20

Well that explains the share price weakness. Previous results were being achieved without paying staff bonuses. At least we are now looking at results achieved on a sustainable basis. Communication of this could have been far better.

[tradertrev] 19/3/2024 11:51

Amazed the shares have fallen back this far. Recently added a few more.
Shares have now fallen 50% from the all time highs of Sep '21.

[wsm812] 11/3/2024 09:08

At some point the value of this "dog" will be realised and reflected in the share price It is ticking along nicely, financially, paying a decent divi and continues to make progress in a world that is becoming more and more litigious.

Like many no doubt, I am stuck with a paper-loss until such realisation occurs.

[jonwig] 17/1/2024 07:30

H1 results:



Making progress, but it's tough out there. Enough caution to dampen any market enthusiasm. Legal work is "subdued" but there's growth in complementary services. H2 unlikely to show much improvement.

Incidentally, the term "contentious work" appeared only once in the previous FY results. It appears six times here, and seems to be the most positive feature. Presumably it refers to dispute resolution?

[jonwig] 31/10/2023 09:10

No idea, but I've developed total immunity!

[wsm812] 31/10/2023 09:05

Who keeps negging you jonwig? Someone has a gripe against you! Internet points mean so much to some people haha

[jonwig] 31/10/2023 08:18

Yes, but you can't have everything!

[wsm812] 31/10/2023 07:58

Won't the issue of these share dilute our holding?

[jonwig] 31/10/2023 07:06

Good news announcement:

[jonwig] 28/10/2023 08:56

Dividend arrived yesterday (ii).

[jonwig] 26/10/2023 05:48

They are the only company I know which doesn't give a pay date when the dividend is announced.

[epo001] 25/10/2023 19:41

The AR states that it will be paid in October so I suppose an announcement is imminent.