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 0.0% 162.50 18,851 08:00:00
Bid Price Offer Price High Price Low Price Open Price
162.00 163.00 162.50 162.50 162.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 103.47 15.95 11.83 13.7 176
Last Trade Time Trade Type Trade Size Trade Price Currency
11:32:45 O 89 162.15 GBX

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Date Time Title Posts
19/9/201907:14Gateley, national commercial law firm on AIM284

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Gateley (holdings) Daily Update: Gateley (holdings) Plc is listed in the Support Services sector of the London Stock Exchange with ticker GTLY. The last closing price for Gateley (holdings) was 162.50p.
Gateley (holdings) Plc has a 4 week average price of 160p and a 12 week average price of 157p.
The 1 year high share price is 177p while the 1 year low share price is currently 120p.
There are currently 108,435,765 shares in issue and the average daily traded volume is 55,882 shares. The market capitalisation of Gateley (holdings) Plc is £176,208,118.13.
jonwig: I haven't followed DWF Group which seems to be the largest of the bunch. I see the share price hasn't moved from the issue at 122p. Of the existing listed firms, Keystone and Rosenblatt seem to have their own individual 'racy' characteristics which have been positive for their share price. Gordon Dadds (which I held for a few weeks) might have made a bad misstep with its big acquisition. That one looks dodgy to me. Gateley might be thought the stodgiest and most conventional of the firms, which suits me fine. I went to an AGM a couple of years ago and was quite impressed. The ii article, thanks: Https://
jonwig: I think I said I'd sold because of the size of the receivables and the way they are increasing, with some overdue debts. GTLY are exposed to housing and construction, and I beleive they will be charging legal fees on alternatives to immediate billing. (See 2018 accs note 13.) Has the Motley Fool author looked at this? Quite honestly, I don't see the balance sheet as 'rock hard', and generally find MF articles to be a bit superficial. That said, the current share price does seem to discount a lot!
jonwig: QS - it was part of the IPO agreement to move from LLP to PLC. I think the sales were expected (hence depressed share price), but easily placed, hence rise today.
jonwig: Fairly short IC comment on results. Conclusion: So far, Gateley has proved early doubters wrong of its publicly-quoted partnership model. Indeed, with all 717 staff now eligible for the company share scheme, Gateley has effectively replicated traditional firms’ profit-sharing culture. However, we move to hold to reflect the shares’ rerating to 17 times forward earnings. Hold. (Last IC View: Buy, 118p, 18 Dec 2016) Is the company share scheme holding back the share price?
jonwig: This website used to have excellent discussion boards, which it's dropped. I don't think this article adds much, apart from exposure: The share price performance of legal services business Gateley Holdings (LSE: GTLY) has been exceptional in recent months. It has risen by 23% since the start of the year, and by 61% in the last year. Despite this, it trades on a PEG ratio of only 1.7 owing to its forecast growth rate of 9% in the current year. This would follow a similar rate of growth in each of the last two years, which indicates that the company offers a relatively robust and sustainable growth profile. In addition to capital growth potential, Gateley Holdings is also an attractive income stock. It currently yields 4.3% from a dividend which represents 71% of earnings. This indicates that dividends may increase at a faster pace than the company’s bottom line over the medium term, which suggests a double-digit dividend growth rate may be on the cards. With inflation set to rise and the stock market being relatively high at the present time, Gateley Holdings has obvious potential for growth and income investors. Its shares may have risen in price in recent months, but that upward trend may be set to continue in future months. Http://
jonwig: 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?
jonwig: Gateley plc and the Sport and Recreation Alliance have announced a new corporate partnership: Http:// [Does international sport need lots of lawyers? Just asking.] ... expanding in Dubai: Http:// GTLY share price expanding, too.
jonwig: maiken - we just have the same good tastes! You may remember Chris Bogart, in one of the Burford videos, saying that the six (?) largest UK law firms would be FTSE 100 companies if they were PLCs. So the precedent is potentially very significant if it works, and the lengthy lock-ins here will ensure that all the participants make sure it works. I agree very much with your summary of the investment case; IC is being cautious for the same reason the share price is apparently cheap. BUR spent most of its early life until this year in a similar position.
jonwig: IC reviews results and cautiously suggests "hold", owing to uncertainty about how the PLC status will turn out. Gateley's share price is likely to be fairly stable given all 81 partners have signed five-year lock-in agreements, while management's plans to pay shareholders 70 per cent of post-tax profits should provide a strong, reliable forward yield of 6.3 per cent. But given the importance of the firm's transition to the stock market, we are happy to wait for more revealing post-IPO trading updates. Hold.
Gateley (holdings) share price data is direct from the London Stock Exchange
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