Gateley has announced the acquisition of Persona Associates Limited for consideration of £0.25m, payable £0.10m cash, £0.15m equity. Deferred consideration also becomes payable contingent on certain criteria being met by 1 May 2020, payable 60% cash, 40% shares, however we leave this unmodelled. We update forecasts for the acquisition, and nudge upwards our organic revenue growth expectation for FY20E. We release FY22E figures as well. We remain Neutral on the shares for now, given previously fl ....
30 Jul 2019
Strategic acquisition and release of FY22E figures
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Strategic acquisition and release of FY22E figures
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
30 Jul 2019 -
Author:
James Bayliss -
Pages:
5
Gateley has announced the acquisition of Persona Associates Limited for consideration of £0.25m, payable £0.10m cash, £0.15m equity. Deferred consideration also becomes payable contingent on certain criteria being met by 1 May 2020, payable 60% cash, 40% shares, however we leave this unmodelled. We update forecasts for the acquisition, and nudge upwards our organic revenue growth expectation for FY20E. We release FY22E figures as well. We remain Neutral on the shares for now, given previously fl ....