Back in January, we selected Gateley as one of our Best Ideas for 2021, highlighting its modest valuation relative to peers and an excellent track record of growth. The business model has proven its resilience, whilst the interims highlighted strong momentum building. The shares were making good progress until a few weeks ago, but have since underperformed peers (-9.5% from recent peak). We retain our positive stance, noting an improving market backdrop and a supportive March Budget.
23 Mar 2021
Reiterating one of our Best Ideas
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Reiterating one of our Best Ideas
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
23 Mar 2021 -
Author:
James Tetley -
Pages:
3
Back in January, we selected Gateley as one of our Best Ideas for 2021, highlighting its modest valuation relative to peers and an excellent track record of growth. The business model has proven its resilience, whilst the interims highlighted strong momentum building. The shares were making good progress until a few weeks ago, but have since underperformed peers (-9.5% from recent peak). We retain our positive stance, noting an improving market backdrop and a supportive March Budget.