Gordon Dadds Share Discussion Threads

[battlebus2] 09/8/2017 18:33

Hargreaves Hale also. It's been a good start to AIM so far with a 60k buy today and another blue finish.

[jonwig] 08/8/2017 16:02

Holdings are being announced (see header). There were some in the prospectus, but these are verified. Two significant names. I think Woodford will be in the list in due course.

[elmfield] 08/8/2017 16:01

,
Good to see ruffer part of this outfit from before,
Bodes well.

[miti 1000] 08/8/2017 11:32

Agreed, just bought another 15k.

[battlebus2] 07/8/2017 21:36

Second day on AIM and another blue one, don't expect to wait too long before the first acquisition.

[miti 1000] 04/8/2017 13:12

Margins pretty thin but acquisitive.

[jonwig] 04/8/2017 12:22

Yes, name invites a bit of jollity.

EV/EBITDA looks around 7.3x, compare GTLY on about 11.5x. Will be debt free at launch, always a good sign.
Small law firms tend to get stressed in recessions, so the consolidation approach might come in useful ... as long as GOR doesn't get too stressed, that is.
It looks as though they do useful things - contract law, dispute resolution, etc. and have nothing to do with accident compensation or (horrors!) human rights chasing.

[ny boy] 04/8/2017 09:31

Should be ok, as long as the management aren't partial to a few bottles of Gordon's Gin a week 🙄

[smelgys mum] 04/8/2017 09:28

Tell Gordon's Dad, I'm Smelgy's mum, I have expensive tastes though, I'm a Pizza Express type girl rather than Pizza Hut!

[jonwig] 04/8/2017 08:07

Currently 145 - 150.

[jonwig] 04/8/2017 08:04

From today's admission RNS:

Gordon Dadds is an acquisitive London based legal and professional services business with a twin track consolidation model to integrate mid-market law firms under its Gordon Dadds LLP brand, and to acquire smaller firms who continue to trade under their own name via its Prolegal acquisition vehicle

· Turnover for the financial year ended 31 March 2017 was £25m with £2m adjusted profit before tax

· Gordon Dadds LLP has expanded revenues at a compound annual growth rate of 70.7 per cent since 2013

· The UK legal services market is poised for increasing consolidation, especially in the Company's target market pool of £6.6bn of annual revenue - consisting of c1000 UK firms with annual revenues in the range of £2 million to £40 million

· Gordon Dadds has a purpose built, sophisticated and fully integrated technology platform based in Cardiff, which has received £3.2m of investment since 2013 and is ready to incorporate future acquisitions

· Gordon Dadds' strong management team has already successfully integrated 10 firms onto this cost-efficient platform

[battlebus2] 03/8/2017 18:56

Yes a few but I'll be adding in the morning. I think this is a long term winner but DYOR ETC.

[jonwig] 03/8/2017 18:35

bbus - did you hold WORK? That would be a head start!

I'm actually more interested in how it measures up to Gateley, MCap of £180m (about £100m at float). I certainly won't chase this if it goes straight to a premium.

[battlebus2] 03/8/2017 18:16

Thanks Jon wig you beat me to it. I'm expecting big things from Gordon Dadds. They have an excellent future imv, I expect acquisitions to follow shortly. Their prospectus reads very well indeed so I hope to see a premium on the first days trading.

[jonwig] 03/8/2017 17:23

More details to come.
RTO of Work group, dealings commence 4 August 2017. 140p.

[pmeas] 21/5/2003 00:58

the euro £ is in its final stages of a double top end of month the euros going back where it came from

[pmeas] 21/5/2003 00:05

Euro hasn,t got the staying power and the set up costs will take years before the euro is a safe forex,the US is behind its rise.Another month and im short the Euro against the dollar, one month before they get iraqs oil flowing,the euro its laughable all the bad performers will pull against the strong leaving it a neutral forex.

[trumpet] 20/5/2003 16:46

Pmeas,

Have a look at the picture at the top of the BTL thread, that's supposedly £80,000 worth of retail space, setup costs in France, Germany, let alone any of the Eastern European countries are nowhere near that. The UK's priced itself out of the market, simple as that, and the cost differentials and red tape involved with employment in the UK and mainland Europe are not as wide as they were.

[chaspebble] 20/5/2003 11:49

pmeas, now I know you've lost it. Buzz Lightyear comes from the Gamma Quadrant, not Planet Clare. I think you better go looking for LGMs. ;-)

Since when did a fall in Sterling from 1.60 Euros to 1.40 Euros constitute a strong pound?

[pmeas] 20/5/2003 11:22

Planet Clare,with me old mate Buzz light year LOL.watch and learn,Scripophilist trust me.

[scripophilist] 20/5/2003 11:12

pmeas remind me which planet you are on?

[pmeas] 20/5/2003 11:09

Foreign Investment will raise now trumpet strong pound and rising, lower interest rates to come as the pound gets stronger GDP gap will disapear as our economy looks like its going to survive a bit longer than the rest.Good old Gordon.