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% 144.50p 142.00p 147.00p 144.50p 144.50p 144.50p 0 07:49:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.5 -1.5 - 41.14

Gordon Dadds Share Discussion Threads

Showing 251 to 275 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
08/9/2017
10:03
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
22:57
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
22:38
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
21:45
I'll have a scan back in the morning Reading these prospectuses are a real pain ;)
dan_the_epic
22/8/2017
10:14
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
09:59
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
09:07
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
08:35
Agreed. Intriguing this one, just trying to gauge whether the IPO price is interesting enough
dan_the_epic
22/8/2017
05:52
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
21/8/2017
20:31
Appears to make adjusted PBT of 2m, a loss after tax on normal terms, so PAT of 1.6m on an adjusted basis. Hardly looks cheap?
dan_the_epic
09/8/2017
18:34
JW Woodford - run a mile time lol - he's had a nightmare recently
panic investor
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.
battlebus2
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.
jonwig
08/8/2017
16:01
Added, Good to see ruffer part of this outfit from before, Bodes well.
elmfield
08/8/2017
11:32
Agreed, just bought another 15k.
miti 1000
07/8/2017
21:36
Second day on AIM and another blue one, don't expect to wait too long before the first acquisition.
battlebus2
04/8/2017
13:12
Margins pretty thin but acquisitive.
miti 1000
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.
jonwig
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 🙄
ny boy
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!
smelgys mum
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 https://www.investegate.co.uk/gordon-dadds-group--gor-/rns/re-admission-and-first-day-of-dealings/201708040800010931N/
jonwig
04/8/2017
07:38
https://www.investegate.co.uk/gordon-dadds-group--gor-/rns/recommended-offer-for-gordon-dadds-unconditional/201708040700070930N/
scotty666
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.
battlebus2
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.
jonwig
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