Share Name Share Symbol Market Type Share ISIN Share Description
Gordon Dadds LSE:GOR London Ordinary Share GB00BZBY3Y09 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 154.00p 150.00p 158.00p 154.00p 154.00p 154.00p 380 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.5 -1.5 - 43.84

Gordon Dadds Share Discussion Threads

Showing 276 to 298 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
08/1/2018
11:55
@ battlebus - thanks. One of the three top tips for 2018. Link: Http://www.thisismoney.co.uk/money/investing/article-5242409/MIDAS-TIPS-Whats-hot-2018.html EDIT: KEYS has risen in sympathy. Similar business model I think.
jonwig
08/1/2018
11:32
Tipped by midas in the MOS.
battlebus2
01/12/2017
23:37
Indeed anything’s possible.
battlebus2
01/12/2017
19:21
Well, Capital Access Group published a note today with a share price target of 421p! Https://capitalaccessgroup.co.uk/research It's company-sponsored and seems a bit extreme even for a hopeful holder!
jonwig
01/12/2017
19:15
See someone else thinks so.
elmfield
28/11/2017
20:22
Well for what it’s worth I have one word, Excellent.
elmfield
28/11/2017
10:33
Arden Partners, "buy". Summary: No change to earnings forecasts following H118 results; we are confident the inherent operational gearing will drive H218 returns and this will be supported by an initial contribution from recently acquired CW Energy LLP (CWE). Gordon Dadds is poised to be a leading consolidator in the UK legal middle market; management’s strategy is to double revenues to £50m and achieve a 15% net profit margin over the next three years. The strong balance sheet provides significant competitive advantage in completing acquisitions in this space relative to its peer group. Delivery of this strategy and application of the Group’s acquisition methodology should drive successive earnings upgrades from the “base case” forecasts and this was evident in the 33% FY19 earnings upgrade following the CWE acquisition.
jonwig
28/11/2017
07:53
Always happy to see the first results under our belts after IPO, lots to be happy with, it's going to be a long road scaling up the business but a good start imv. Dividend mentioned for Y/E March 18....
battlebus2
28/11/2017
07:22
Half year results: https://www.investegate.co.uk/gordon-dadds-group--gor-/rns/half-year-results/201711280700066585X/ Harder to pick apart than usual after an IPO, and pattners' profit share makes comparisons difficult. Property division underperforming, it seems. However, they say they are trading in line with expectations which are for eps of 7.2p (March 2018) and 9.7p (2019).
jonwig
16/11/2017
13:56
Keystone Law is set to become the third UK firm to list on the London Stock Exchange (LSE), following Gordon Dadds and Gateley. The mid-market challenger firm plans to join the Alternative Investment Market (AIM) where the new trading entity will be known as Keystone Law Group plc. Corporate broker Panmure Gordon has been instructed by the firm to act as financial adviser during the process. Shares will begin trading on 27 November and are expected to raise £15m in total, with the placing price of 160 pence per share which values the firm at £50m. Keystone CEO James Knight said: “I am delighted to announce that we will be joining the AIM market. The entire team has worked hard to establish our position as one of the leading UK mid-market challenger law firms. Our decision to list on the London Stock Exchange will provide us with the most resilient and stable platform to support our ambitious growth plans long into the future.” Keystone Law was one of the top revenue risers in this year’s UK 200, growing by 22 per cent to £26m during the 2017. The firm also showed one of the highest rises in revenue per partner, up 22 per cent to £4,267 despite a boost in fee-earner numbers. The firm converted to an Alternative Business Structure (ABS) in October 2013 and received a £3.15m cash injection by private equity firm Root Capital the following year. Https://www.thelawyer.com/keystone-poised-third-firm-london-stock-exchange/
jonwig
01/11/2017
07:17
Acquisition of business and assets of CW Energy LLP: https://www.investegate.co.uk/gordon-dadds-group--gor-/rns/acquisition-of-cw-energy-llp/201711010700052151V/ From figures given, EV/EBITDA will be somewhere around 3.1x (higher cost if higher earnings). Website: Https://cwenergy.co.uk/ And also, "Since the flotation, we have received a number of approaches to make acquisitions and also for lateral hires. We have a good acquisition pipeline which will enhance earnings and the reach of the Group."
jonwig
16/10/2017
21:12
Maybe some M&A soon.
battlebus2
16/10/2017
20:44
Thank you!
elmfield
11/10/2017
17:59
Paid-for research note on GOR: Https://capitalaccessgroup.co.uk/research
jonwig
08/9/2017
09:03
AIM breaches £100bn in August. Our latest Blog covers all the new arrivals and compares AIM today with the market in 2007, the last time it hit the magical £100bn level.
investorschampion
06/9/2017
21:57
Pretty reasonable valuation for now but when you factor in the upcoming acquisitions the share price should follow. Excellent management with a clear vision and enthusiasm to turn this into a 100 million market cap. All that's needed is time imv.
battlebus2
06/9/2017
21:38
Very late reply - good point jon. I'm very on the fence here; anyone got any convincing facts to tip the balance?
dan_the_epic
22/8/2017
20:45
I'll have a scan back in the morning Reading these prospectuses are a real pain ;)
dan_the_epic
22/8/2017
09:14
Dan - I've just checked the prospectus, and the bad debts you mention seem to have been acquired when a couple of practices were bought out of receivership. (Check p69 - is this the one?) They don't seem to have incurred any impairments over the past three years.
jonwig
22/8/2017
08:59
The main thing worrying me here is the valuation. Read the prospectus, but still looks like this is only making 1.5m on a theoretical post tax basis to adjusted earnings. Are those adjustments fair? Then secondly, they seem to carry quite a high amount of debtors now written off as bad debt
dan_the_epic
22/8/2017
08:07
Dan - GTLY has done well since IPO, so this intrigued me. Watch out for law businesses to be disrupted over the coming years: • Alternative fee arrangements. Microsoft and some other large companies are rejecting hourly billing in favour of bidding for a whole job. • Portfolio financing of litigation. Loans or equity share of results are beginning to spread. (See Burford Capital, for instance: BUR.) • AI to assist with legal discovery. Some firms have started up with this in mind. • Consolidation of back office. This is where GOR's acquisition strategy is aimed. • Online courts. this is where integrated IT systems will be an advantage.
jonwig
22/8/2017
07:35
Agreed. Intriguing this one, just trying to gauge whether the IPO price is interesting enough
dan_the_epic
22/8/2017
04:52
Dan - check out my post #10, though I'm not saying it's the last word. The current MCap contains unearning cash, and valuation on IPOs is always a messy business. EV/EBITDA is often used.
jonwig
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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