Gateley (holdings) Share Discussion Threads

[jamgr0] 14/1/2017 00:20

Commercial law firms will always be in demand. If clients start to feel the pinch, corporate deals (the main revenue stream) may well dry up to some extent. However, other services offered, like litigation, insolvency work, debt recovery, and advisory services will still be sought after. Recession proof is a stretch. I wouldn't say law firms per se are recession proof. A well run firm with a good reputation and solid fundamentals should weather the storm. That said, see Halliwells as an example of a firm that went bust during the last recession (I think in 2010) due mainly to bad management.

[jonwig] 12/1/2017 18:30

anley - if I remember right, the prospectus listed construction (where they do a lot of legal work) as a risk.

[anley] 12/1/2017 16:49

Would you put this business as "recession" proof?

[qs99] 12/12/2016 08:11

nice tip, glad I've been tipping it for a while! off to the races today....

[jonwig] 11/12/2016 11:55

Thanks, here's the link. Did you read the dopey comment someone wrote: "Ambulance chasers."

[opodio] 11/12/2016 10:43

Mail on Sunday Main tip
will heafd to £2

[speedsgh] 07/12/2016 12:29

Law firm Gateley buying, building and paying out -

[qs99] 06/12/2016 08:10

very good, nice yield, decent outlook, should be zooming higher IMO!

[jonwig] 06/12/2016 07:21

H1 results, very satisfactory:



Consensus for FY is eps 9.85p, div 6.59p. With the interim dividend increased to 2.2p, a full year of 6.6p would be expected. I don't remember reading anything about H2 vs H1 profit weighting.

[jonwig] 29/11/2016 12:40

Gateley Interview:

[qs99] 15/11/2016 10:01

great yield IMO on this as well

[qs99] 15/11/2016 07:18

well all seems on track IMO>..let's hope it helps move the SP|!

[jonwig] 15/11/2016 07:06

Trading update, brief:

Gateley (AIM:GTLY), a national commercial law firm and complementary business services group, is pleased to announce an update on trading ahead of its interim results for the six months ended 31 October 2016.

Trading for the first half of the year has been good with growth in revenue and operating profit supported by good cash generation in line with the Board's expectations.

The Board looks forward to the second half of the financial year, with further organic growth in the Group's core legal services, augmented by the contributions from our recently acquired complementary businesses of Gateley Capitus and Gateley Hamer combining to deliver on Gateley's diversification strategy.


The Board expects to announce the Group's half year results in early December 2016.

[qs99] 08/11/2016 17:51

hi there

yes looked at last year and should be due some form of update IMO over next few weeks. Let's see. My experience is that lawyers make hay whether rain or shine, so hoping this is still the case!

good luck

[jonwig] 08/11/2016 17:23

QS99 - not really, I tend to ignore sharp price movements these days! I've been looking to bed-and-isa my holding here (and add a few more at the same time) but haven't got a decent spread to do it.

As for what's happening, there are a few news items about new appointments, office expansion, etc. which is reassuring, and the recent big partners' sale might happen again, putting a damper on the share price. But they seem to have managed the transition from partnership to PLC very well and should benefit from increased housebuilding activity which the govt desperately needs.

They gave a trading update last year mid-November. Maybe next week, then?

[qs99] 08/11/2016 16:11

jonwig anythoughts?

[qs99] 08/11/2016 15:31

nice move northwards again IMO

[jonwig] 25/10/2016 13:43

More detail on yesterday:



And Liontrust announce a holding of 8,877,935 shares.

Calm resumes!

[jonwig] 25/10/2016 08:18

As expected, the sale of shares by former partners never went near the market. They could only shift that many because institutions were willing to take them. And they, in turn, wanted a discount.

[jonwig] 24/10/2016 16:14

The share price didn't budge, so most likely a share transfer off-market at an agreed price. This would normally be the mid-price, so I'm a bit puzzled.

The largest trade was 7.4% of the equity, so I would expect at least one RNS tomorrow.

[davr0s] 24/10/2016 15:55

No idea - biggest vol since IPO?, but given the price seems to be a sale. I got stopped last week. Price could go anywhere from here

[trewinney] 24/10/2016 14:59

Anyone know what is going on?

[qs99] 19/9/2016 15:21

looks like a nice add on IMO...

[jonwig] 19/9/2016 13:58

Cantor Fitzgerald now at 145p tp after the acquisition.

[jonwig] 19/9/2016 06:32

Aquisition of Hamer Associates:



This looks an interesting addition: if the volume of infrastructure spending rises significantly, Hamer will get lots of business! Crudely, paid on a maximum earnings multiple of 8.8x.

Cantor Fitzgerald (separately) has a tp of 125p.