Gateley (Holdings) (GTLY)

Sector:

Support

Index:

FTSE AIM All-Share

230.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 258.00
  • 52 Week Low: 167.50
  • Currency: UK Pounds
  • Shares Issued: 119.28m
  • Volume: 22,339
  • Market Cap: £274.34m
  • RiskGrade: 166
  • Beta: 0.01

Gateley 'delighted' by H1 performance

By Iain Gilbert

Date: Wednesday 24 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Legal and professional services group Gateley said on Wednesday that it was "delighted" by its strong performance in the six months ended 31 October, both in terms of activity levels and fee generation.
Gateley said interim revenues had grown 23% and were expected to be no less than £62.0m as momentum built during the "strong second six months" of the 2021 trading year had continued throughout the period.

The AIM-listed group stated it was continuing to benefit from "lower-than-normal" levels of discretionary expenditure, which it expects to last until the end of the financial year, at least.

Underlying adjusted pre-tax profits were said to be no less than £8.1m for the period, compared with £7.5m a year earlier, while cash generation during the half also remained strong after reintroducing dividends and bonus payments. Net cash was £7.8m at the period end.

Chief executive Rod Waldie said: "Our long-established and resilient business model, enhanced by an increasing range of connected services offered to clients via our platforms, and our embedded 'one-team' culture have been the driving force behind another strong financial performance from Gateley.

"We are excited by the wide range of opportunities that are presenting themselves to the group and look forward to continuing to grow the business, both organically and via acquisition, in line with our stated strategy."

As of 1320 GMT, Gateley shares were down 2.14% at 215.30p.

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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 230.00p
Change Today 8.00p
% Change 3.60 %
52 Week High 258.00
52 Week Low 167.50
Volume 22,339
Shares Issued 119.28m
Market Cap £274.34m
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
72.75% below the market average72.75% below the market average72.75% below the market average72.75% below the market average72.75% below the market average
48% below the sector average48% below the sector average48% below the sector average48% below the sector average48% below the sector average
Price Trend
53.57% above the market average53.57% above the market average53.57% above the market average53.57% above the market average53.57% above the market average
38.05% above the sector average38.05% above the sector average38.05% above the sector average38.05% above the sector average38.05% above the sector average
Income
73.38% above the market average73.38% above the market average73.38% above the market average73.38% above the market average73.38% above the market average
73.53% above the sector average73.53% above the sector average73.53% above the sector average73.53% above the sector average73.53% above the sector average
Growth
48.92% above the market average48.92% above the market average48.92% above the market average48.92% above the market average48.92% 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 20-Jan-2022

Time Volume / Share Price
17:06 1,000 @ 230.00p
16:35 1,028 @ 230.00p
15:56 308 @ 227.00p
15:37 1,000 @ 225.00p
15:14 887 @ 222.00p

GTLY Key Personnel

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

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