Market Guru
11 May 2018
Re: Expect a 10%-15% SP uplift by early June Yes, fully align with your view on this one, I have been holding these since they were around 54p and the trend analysis confirms what you have observed.M.G.
dazurtrader
10 May 2018
Expect a 10%-15% SP uplift by early June I have held ULS for a few years and note that the SP shoots up and then drifts back a little over the following 4-6 months, before another significant rise. Given the solid results, I believe we are due for another shoot upwards in the next 3-4 weeks.
oldjoe1
26 Apr 2018
ULS, STRONG TRADING UPDATE. ULS ULS Technology..........ahead of market expectations. Stonking results on initial first look.<a href='[link] target='window'>[link] src="[link]
Market Guru
29 Sep 2017
Looks like a new contract win Share price up over 6% today; looks most certainly like a new contract win; maybe with one of the 'challenger' banks, e.g. Metro Bank.Onwards and upwards!
Market Guru
28 Jun 2017
Strong Buy Following yesterday's full year results for 2016, there appears to be plenty of upside potential for this great little business.....and appears to be supported by both brokers and other media commentators, an example of one below.'In the context of a quiet housing market, ULS Technology (AIM: ULS) continues to take share in conveyancing and CEO Ben Thompson describes trading as ‘quite buoyant’. Housing transactions were down by 13 per cent in the year to March but ULS grew volumes by 4 per cent as more mortgage introducers joined its platform. With an estimated 2-3 per cent market share, there’s plenty of scope for further growth.PlatformThe company’s eConveyancer platform allows a mortgage broker or lender to identify a suitable solicitor to carry out the conveyancing for a property transaction. Once engaged the solicitor can use the platform to carry out legal searches and ID checks, paying a commission to ULS for the introduction and use of services. ULS then shares this revenue with the introducing mortgage provider. The business is evenly split between lenders and brokers, with the long-standing Lloyds relationship being diversified by growth elsewhere and accounting for around a third of revenue.PipelineULS performs best in process-driven organisations like the leading brokers, where most transactions will be channeled through the platform. So there’s scope to improve penetration in some the more loosely managed relationships. The main growth driver though is the pipeline of new relationships. These continue to come on stream and underpin management’s confidence in the outlook, despite the soft background in housing transactions. This flow of business is described as being ‘in a good phase’ by Ben Thompson. Another source of growth is the move into developing estate agency relationships through the recent Conveyancing Alliance acquisition and management are actively looking for more similar deals. Direct to consumer is likely to be a slow burn by comparison. The long term goal is to be seen as the leading technology comparison tool for property-related legal services. ProspectsThe business generates cash, while net debt stood at £3.5 million in March following the acquisition spend. Broker Numis looks for 11 per cent earnings growth this year and acknowledges that the risk here is to the upside. Which is a solid outlook in a tricky environment. The shares have performed very strongly over the last year, but a p/e of 20 still looks reasonable given the prospects. Regards, M.G.
mcescher
28 Mar 2016
Interesting look at intrinsic value of ULS Technology Looking like a solid dividend payer [link]
