Gateley’s FY’19 trading update indicates an in line performance, and highlights: the group’s strengths in depth and breadth; attractive growth in revenue and profits while continuing to invest for the future; ability to integrate acquisitions; and the exciting opportunities for future expansion. With these facets in mind and an indication that the FY’19 dividend payout may exceed our expectation, the valuation attractions of the shares are compelling, in our view.
23 May 2019
Trading update: continued growth in revenue, profits and investment
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Trading update: continued growth in revenue, profits and investment
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
23 May 2019 -
Author:
Trevor Griffiths -
Pages:
3
Gateley’s FY’19 trading update indicates an in line performance, and highlights: the group’s strengths in depth and breadth; attractive growth in revenue and profits while continuing to invest for the future; ability to integrate acquisitions; and the exciting opportunities for future expansion. With these facets in mind and an indication that the FY’19 dividend payout may exceed our expectation, the valuation attractions of the shares are compelling, in our view.