Gateley (Holdings) (GTLY)

Sector:

Support

Index:

FTSE AIM 100

 126.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 178.00
  • 52 Week Low: 120.00
  • Currency: UK Pounds
  • Shares Issued: 131.64m
  • Volume: 143,865
  • Market Cap: £165.87m
  • RiskGrade: 166

Gateley expecting strong first-half performance

By Josh White

Date: Thursday 24 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Legal and professional services group Gateley reported a "strong" first-half performance in a trading update on Thursday, with revenue 22% higher year-on-year, to be at least £76m.
The AIM-traded company said it continued to have a "clear strategic focus" and increased scale, operating in a "diverse and resilient" business model that, despite a global economic backdrop of inflation, geopolitical tension and rising negative sentiment, yielded a "pleasing" performance in the six months ended 31 October.

Underlying adjusted profit before tax was up around 11%, and was expected to come in at a minimum of £9.4m.

The group reported a net cash position and a "strong" balance sheet, as it continued to trade in line with market expectations for the financial year.

While the board said it was "mindful" of the economic outlook, it "looked forward" to the second half of the financial year.

"In a period that included previously announced investment to strengthen our operating model and some predicted and appropriate post-pandemic increases in operating costs, our resilient business model, enhanced by an increasing range of complementary services, and our embedded 'one-team' culture, remain the driving forces behind another strong financial performance by the group," said chief executive officer Rod Waldie.

"On behalf of the board, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.

"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."

At 1237 GMT, shares in Gateley Holdings were up 1.73% at 176p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 126.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 178.00
52 Week Low 120.00
Volume 143,865
Shares Issued 131.64m
Market Cap £165.87m
RiskGrade 166

GTLY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average13.89% above the market average
2.22% above the sector average2.22% above the sector average2.22% above the sector average2.22% above the sector average2.22% above the sector average
Price Trend
53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average
64.36% below the sector average64.36% below the sector average64.36% below the sector average64.36% below the sector average64.36% below the sector average
Income
64.94% above the market average64.94% above the market average64.94% above the market average64.94% above the market average64.94% above the market average
44.62% above the sector average44.62% above the sector average44.62% above the sector average44.62% above the sector average44.62% above the sector average
Growth
61.45% below the market average61.45% below the market average61.45% below the market average61.45% below the market average61.45% below the market average
72% below the sector average72% below the sector average72% below the sector average72% below the sector average72% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 5
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 22-Feb-24 28-Sep-23
Paid 28-Mar-24 27-Oct-23
Amount 3.30p 6.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:32 10,000 @ 126.10p
15:47 84 @ 125.63p
15:47 58 @ 125.63p
15:43 3,250 @ 125.50p
15:25 7 @ 125.00p

GTLY Key Personnel

Finance Director Neil Andrew Smith
CEO Rod Waldie

Top of Page