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Hardman & Co Research (GTLY)

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Thursday 31 May, 2018

Hardman & Co Research

Gateley (Holdings) Plc (GTLY): Fiscal 2018 Trading Update and Acquisition

Hardman & Co Research
Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Fiscal 2018 Trading Update and Acquisition

31-May-2018 / 16:45 GMT/BST


Hardman & Co Research: Fiscal 2018 Trading Update and Acquisition

Gateley is a broad-based commercial law and complementary professional services group. It is a leader in the UK mid market, and has seen double digit revenue and profit growth over more than 10 years. This trading update confirmed that full year FY18 results will meet market expectations, and was accompanied by its third acquisition since IPO, the first in the legal sector. The deal is highly complementary and was done with a mix of shares and cash, an option not available pre-IPO. We have fine-tuned our next year forecasts upwards for the acquisition, which is immediately earnings enhancing.

Please click here for the full report:

http://hardmanandco.com/docs/default-source/company-docs/gateley-plc-documents/31.05.18-fiscal-2018-trading-update-and-acquisition.pdf

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Steve Clapham

+44 20 7194 7622


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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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End of Announcement - EQS News Service

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