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GTLY Gateley (holdings) Plc

131.50
0.00 (0.00%)
14 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gateley (holdings) Plc LSE:GTLY London Ordinary Share GB00BXB07J71 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 131.50 37,444 07:40:18
Bid Price Offer Price High Price Low Price Open Price
129.00 134.00 131.50 131.50 131.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 176.25M 10.07M 0.0754 17.44 175.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:00 O 32 131.50 GBX

Gateley (holdings) (GTLY) Latest News

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Date Time Title Posts
09/10/202417:43Gateley, national commercial law firm on AIM559

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Gateley (holdings) (GTLY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:37:01131.503242.08O
14:41:47130.506,9009,004.50O
14:31:01130.50609794.75O
14:25:53129.004,9106,333.90O
14:21:37132.132,5303,342.95O

Gateley (holdings) (GTLY) Top Chat Posts

Top Posts
Posted at 14/10/2024 09:20 by Gateley (holdings) Daily Update
Gateley (holdings) Plc is listed in the Legal Services sector of the London Stock Exchange with ticker GTLY. The last closing price for Gateley (holdings) was 131.50p.
Gateley (holdings) currently has 133,519,395 shares in issue. The market capitalisation of Gateley (holdings) is £175,578,004.
Gateley (holdings) has a price to earnings ratio (PE ratio) of 17.44.
This morning GTLY shares opened at 131.50p
Posted at 14/5/2024 18:14 by spooky
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.
Posted at 14/5/2024 10:20 by tradertrev
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.
Posted at 17/1/2024 07:30 by jonwig
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?
Posted at 31/10/2023 07:58 by wsm812
Won't the issue of these share dilute our holding?
Posted at 31/10/2023 07:06 by jonwig
Good news announcement:
Posted at 20/10/2023 08:17 by jonwig
IC is reviewing the top 100 AIM companies. GTLY is No.90:

Like many of its legal peers, Gateley (GTLY) has been struggling to entice investors since interest rates rose and recession fears mounted. The group trades on a forward price/earnings ratio of under 10, compared with a five-year average of 12.2, as worries about the resilience of listed law firms start to increase.

We may be underestimating this mid-market player, however. For starters, most of Gateley’s solicitors have remained busy this year, despite the company’s exposure to transactional work, and fees are up on an organic basis. Nor is Gateley entirely reliant on legal services. About a quarter of its turnover now comes from consulting, and this division is growing quickly: organic sales increased by 18.4 per cent in the year to 30 April 2023, and there appears to be an abundance of cross-selling opportunities.

Gateley isn’t as flashy or fast growing as some Aim constituents. However, it has a good track record, defensive characteristics, and solid prospects. Buy. JS
Posted at 07/10/2023 06:42 by tole
Gateley (Holdings) (LON:GTLY) – AGM Due For Undervalued GroupIn early September Chairman Nigel Payne informed shareholders that the legal services group in the year to end April had continued its unbroken record of year-on-year revenue and underlying profit growth."This year has been another strong one for Gateley.Our people have excelled in client delivery, they have continued to overcome every challenge presented to them, and have delivered further strategic progress for the business, combining to generate an excellent set of results.As we focus on service line enhancing opportunities that meet our clients' needs and fulfil our strategy to build a broader professional services group, our acquisition pipeline remains strong, trading in the current year is in line with the board's expectations and we look forward to the immediate future with cautious optimism."On Tuesday 17th October he will be standing in front of shareholders at the professional services group's AGM.For the current year to end April 2024 analysts James Allen and Nick Anderson at Liberum Capital estimate further record revenues of £177m (£163m), raising pre-tax profits to £26.6m (£25.0m), but with slightly lower earnings at 15.5p (16.3p) and an eased dividend of 9.0p (9.5p) per share.They do see an increase in the 2025 year – with £192m sales, £28.9m profits, 16.6p earnings and a 9.8p dividend per share."Gateley remains one of the most oversold names in our professional services coverage, which we feel is undeserved given its strong track record of delivery since listing in 2015."Their price objective for the shares is a mighty 290p, compared to last night's close of just 144p, at which the group is valued at only £189m.A positive reaction from the AGM could help to boost interest in the group's shares.
Posted at 10/9/2023 21:23 by tole
https://masterinvestor.co.uk/latest/small-cap-catch-up-severfield-gateley-and-halfords/Gateley (Holdings) – Ongoing Track Record For DeliveryFor the year to end April Gateley continued its unbroken record of year-on-year revenue and underlying profit growth.The £205m capitalised company has over 1,400 people, some 1,000 of whom are fee earners, spread across offices in 15 UK locations and another in Dubai.The group's business is predominantly legal and professional services through Gateley Legal, advising over 5,000 clients across its four core business Platforms including Property, People, Business Services and Corporate.Chairman Nigel Payne stated that:"This year has been another strong one for Gateley.Our people have excelled in client delivery, they have continued to overcome every challenge presented to them, and have delivered further strategic progress for the business, combining to generate an excellent set of results.As we focus on service line enhancing opportunities that meet our clients' needs and fulfil our strategy to build a broader professional services group, our acquisition pipeline remains strong, trading in the current year is in line with the board's expectations and we look forward to the immediate future with cautious optimism."James Allen at the group's corporate brokers Liberum Capital has a Buy rating out on the shares, with a reduced Target Price of 290p a share (320p).For the current year to end April 2024 his estimates are for revenues to rise to £177m (£163m), while pre-tax profits could increase to £26.6m (£25.1m), but with earnings of 15.5p (16.3p) and covering a lower dividend of 9.0p (9.5p) per share.For the coming 2025 financial year Allen goes for £192m sales, £28.9m profits, 16.6p earnings and a 9.8p dividend per share.This group's shares have been oversold and now deserve a much higher multiple rating, especially so considering its impressive cash generation and its ongoing year-on-year revenue and profit growth record, despite the economic environment.The group will be holding its AGM on Tuesday 17th October.The shares, at 154p, really should be heading back up towards the 200p level achieved in late September last year, thereafter even higher.The shares are a strong hold for existing shareholders and a bargain for new ones too, we could well be having a re-run of my original moving Target.(Profile 18.05.20 @ 155p set a Target Price of 195p*)
Posted at 08/9/2023 09:12 by se81
Does anyone have an opinion as to why GTLY have succeeded where all the other listed law firms have failed? Their peers seem to be putting out numbers riddled with adjustments and increasing indebtedness- what are these guys doing differently?

Does it even trade on a premium to others if you use unadjusted metrics?

Latest Liberum 24E would be quite impressive again if hit

Sales 177m
EBITDA 31.9m
EBIT 26.6m
PBT 26.6m
FD EPS 15.5p
DPS 9p

"Gateley’s FY 23 results are slightly ahead of revised
estimates with EPS increasing by 12% yoy, despite obvious
macro headwinds. The acquisition of RJA Consultants was
announced at the end of July for £6m, which is again
intended to further build out the diversification of the
business. We leave headline underlying numbers
unchanged, only making minor adjustments for the RJA
acquisition. Net cash reduced from £10.4m in FY 22 to
£4.3m in FY 23, as expected, mostly driven by extra
investment in Gateley Smithers Purslow. We nudge down
our net cash estimate from £8m to £6m in FY 24, purely due
to acquisition consideration, and believe Gateley’s strong
balance sheet remains a differentiator. Gateley remains one
of the most oversold names in our professional services
coverage, which we feel is undeserved given its strong
track record of delivery since listing in 2015. BUY, TP 290p"
Posted at 02/6/2023 07:08 by jonwig
Trading statement, all in line despite share price:
Gateley (holdings) share price data is direct from the London Stock Exchange

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