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Highlights

  • GTLY recorded ~7.8% growth in top-line business and around 29.5% increase in basic earnings per share in H1 FY24.
  • Gateley’s average fee earner headcount jumped to 1,035 in H1 FY24 from 1,000 in H1 FY23.
  • Its revenue contribution from consultancy services grew to 27.6% in H1 FY24 from 23.9% in H1 FY23.

FTSE AIM All-Share quoted Gateley Holdings PLC (LSE: GTLY) offers legal and professional services, including specialist tax incentive advice, specialist human capital management, specialist property consultancy advice, among others.

In the first half of the fiscal year 2024, the company recorded approximately 7.8% growth in top-line business and around 29.5% increase in basic earnings per share. Its revenue grew from GBP 76.10 million in H1 FY23 to GBP 82.00 million in H1 FY24.

Notably, Gateley’s average fee earner headcount jumped to 1,035 in H1 FY24 from 1,000 in H1 FY23, leading to higher investment in capacity by the company. Its revenue contribution from consultancy services grew to 27.6% in H1 FY24 from 23.9% in H1 FY23. At the end of the first half, GTLY had a net debt of £2.2 million.

Gateley has announced to pay an interim dividend of 3.30 pence per share later this month, with an ex-dividend date of 22 February 2024.

Presently, the firm is focusing on strategic hiring onto Business Services Platform to build intellectual property commercialisation and valuation in patent and trade mark attorney services.

According to the company, it has met all the business targets listed in 2022/23 Responsible Business Report. GTLY introduced 15 new objectives for its 3rd annual Responsible Business Report.

Top 10 Shareholders:

Approximately 35.00% of the total shareholdings is held by its top ten shareholders. While Liontrust Investment Partners LLP is the biggest shareholder in the firm with over 10.19% shareholding, Octopus Investments Limited is the second biggest shareholder with around 7.33% shareholding.

 

Stock Price Performance

GTLY’s stock price has dropped 9.35% in the last one month. It has fallen by over 17% in the last six months. The stock’s 52-week low and high price stand at GBX 125.00 and GBX 185.00, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 29 February 2024. The reference data in this report has been partly sourced from EODHD/Others.