Gateley (Holdings) (GTLY)

Sector:

Support

Index:

FTSE AIM All-Share

218.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 258.00
  • 52 Week Low: 165.00
  • Currency: UK Pounds
  • Shares Issued: 119.28m
  • Volume: 231,807
  • Market Cap: £260.02m
  • RiskGrade: 166
  • Beta: 0.01

Gateley revenues and profits grow in H2

By Iain Gilbert

Date: Wednesday 26 May 2021

LONDON (ShareCast) - (Sharecast News) - Legal and professional services group Gateley said on Wednesday that it had entered the second half of the year with high activity levels, strong trading momentum, and a sense of "optimism and confidence" despite uncertainties stemming from the ongoing Covid-19 pandemic.
Gateley said trading continued to improve throughout the second half of its 2021 trading year, resulting in the group generating second-half revenues of at least £69.5m, an increase of more than 20% year-on-year.

Full-year revenue was pegged to be no less than £120.0m, an increase of more than 9.3% for the year as a whole, while annual pre-tax profits were anticipated to be up at least 8.1% at £16.0m.

The AIM-listed group stated that "prudent cost and cash management measures" initiated at the start of the pandemic had been augmented by the stronger than anticipated second-half trading, yielding a net cash position of £20.0m at the end of April, significantly ahead of previous expectations.

Gateley also highlighted that it would recommence dividend payments, with a final payment to be proposed on 13 July. It also declared an interim dividend of 2.5p per share.

Chief executive Rod Waldie said: "I am delighted with this excellent performance, which is testament to our culture and the contribution of everyone working at Gateley.

"This has been a turbulent year for all of our stakeholders but our diverse and highly regarded legal and consultancy offering has enabled us to continue to provide excellent service to our clients whilst growing our business. We are carrying a strong pipeline of work into FY22 and are looking forward to continuing to grow the group, both organically and via acquisition."

As of 1015 BST, Gateley shares were up 0.90% at 200.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GTLY Market Data

Currency UK Pounds
Share Price 218.00p
Change Today -1.00p
% Change -0.46 %
52 Week High 258.00
52 Week Low 165.00
Volume 231,807
Shares Issued 119.28m
Market Cap £260.02m
Beta 0.01
RiskGrade 166

GTLY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.04% below the market average69.04% below the market average69.04% below the market average69.04% below the market average69.04% below the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average
Price Trend
45.57% above the market average45.57% above the market average45.57% above the market average45.57% above the market average45.57% above the market average
30.97% above the sector average30.97% above the sector average30.97% above the sector average30.97% above the sector average30.97% above the sector average
Income
74.59% above the market average74.59% above the market average74.59% above the market average74.59% above the market average74.59% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Growth
48.65% above the market average48.65% above the market average48.65% above the market average48.65% above the market average48.65% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GTLY Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Feb-22 26-Aug-21
Paid 31-Mar-22 08-Oct-21
Amount 3.00p 5.00p

Trades for 18-Jan-2022

Time Volume / Share Price
12:05 213,000 @ 220.00p
16:44 547 @ 218.00p
16:42 3,000 @ 218.00p
16:35 3,000 @ 218.00p
15:10 230 @ 221.00p

GTLY Key Personnel

COO Peter Gareth Davies
Finance Director Neil Andrew Smith
CEO Rod Waldie

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