Uls Technology Share Discussion Threads

[its the oxman] 11/5/2018 09:45

Any ideas. Why the fall here? Property market slowdown? Prospects look pretty good after update.

[belgraviaboy] 11/5/2018 08:27

Happy to top up here

[martinthebrave] 11/5/2018 07:42

Housing Market?

[mysteronz] 10/5/2018 18:19

Drifted alot recently, any ideas why after such a strong TU. i know its had a good run and all recently...

[3rd eye] 26/4/2018 08:11

ULS ULS Technology..........ahead of market expectations. Stonking results on initial first look.

[saucepan] 26/4/2018 07:52

Always good to see an "ahead" statement. It should be an interesting day.

[gersemi] 26/4/2018 07:20

'Record results, ahead of market expectations '...that'll blow the lid off the chart

[alphabeta4] 04/4/2018 08:29

Belated welcome Saucepan, I recognise your name from a number of other good performing share BBs I hold which is always a good sign!

Looks like MAB1 gave him £3m quid to join. Nice work if you can get it. Think this was a 'good leaver' situation by the looks of it:

[saucepan] 22/3/2018 08:20

Hi folks. I bought the breakout yesterday, reassured by attractive fundamentals. Nice quiet thread :-)

[alphabeta4] 20/3/2018 08:04

Some chunky increases across most mortgage lines in March. I suspect the positive share price jump is a reaction to this.

[ayl30] 18/12/2017 13:17

Yup good news, now for the next one to be signed up

[glaws2] 18/12/2017 07:48

3 year with Metro Bank announced - i line with their stated intention to more deals with banks & mortgage providers. As they are (effectively) providing in house software for MetroBank they are going to be difficult to displace.

[cgequityinvest] 07/12/2017 16:56

ULS - i went to the investor presentation post interims last week - given by the CEO and FD. A bit of duplication with the post above but the key messages for me were :

* This is a very fragmented market where there is plenty of opportunity to grow organically and via acquisition. Even after the most recent acquisition ULS only has 2.6% of the market. Mgment target is to grow share to 10%.

* The market (based on housing transactions) is effectively flat so ULS are growing (18% organic growth shown in interims) because of their competitive advantage/ technology edge.

* The management team see plenty of opportunities to gain further contracts with the big banks/mortgage providers. They are targetting two significant banks per annum over the next three years. by way of example in 2017 they won Sainsburys Bank, Magellan Homeloans and a 50 branch estate agency business called Magellans.

* Whilst core market is conveyancing management have undertaken a pilot and just launched a new produced based on providing house sellers with information on local estate agents allowing them to compare:
- commission rates
- number of deals completed
- percentage of asking price achieved (which is relevant)
- average days to achieve sale
its branded estateagent4me - all pretty early stage and they need to prove they can monetise it but looks interesting.

* company continue to look at further acquistions (they mentioned they had recently walked away from a couple) and given the fragmented nature of the industry these can be picked up at relatively low EBITDA multiples.

* management seemed pretty confident that they can maintain the 18% organic growth over the next 12 months at least.

I am a shareholder and in summary came away feeling that there is a decent market opportunity in a very fragmented, imperfect market for ULS to use their technology edge to grow oganically at circa 20% per annum with acquisitions on top. If they get it right they can probably become the clear market leader.

The challenges/risks are housing market volumes/economic downturn, monetising the new opportunities and ensuring they don't overpay for acquisitions.

[sharesoc] 03/12/2017 18:29

There is a blog post on ULS technology available here:

[cgequityinvest] 30/11/2017 11:21

I went to the investor presentation on ULS the afternoon of the interim results (tuesday)which was presented by CEO and FD. I am awaiting a copy of the presentation from the company and will then post a few notes.

I have a shareholding and came away feeling encouraged about the long term prospects. ULS only have a 2.5% share of what is a highly fragmented inefficient market. Will post more in due course once i have the presentation.

They are doing a number of presentations this week to existing shareholders and private client brokers.

[alibro] 29/11/2017 14:49

Hi guys
First post here. I bought a few shares on what I thought were good results.
Price has done nothing but drop since, am I missing something???

[shoee62] 28/11/2017 08:41

They mentioned the earn out in the 31st Oct trading statement.

[ayl30] 28/11/2017 07:35

Profit up before exceptional cost of increased earn out on CAL acquisition if you read the detail

[wallywalrus] 28/11/2017 07:31

Profit down, not good is it.

[silver tortoise] 28/11/2017 07:17

Yes I agree,hope it's reflected in the share price some time.

[ayl30] 28/11/2017 07:16

Good results methinks

[silver tortoise] 24/11/2017 15:45

We have the 1 buy which I believe is some sort of message that the big boys use.

[shoee62] 31/10/2017 14:19

Forecasts look too low, interesting to see what they raise them too now. £15.3m rev in H1, FY f/c at £28m. Doing well despite transaction volumes being in the doldrums for a while.

[gorilla36] 31/10/2017 08:08

18BT - Agreed, steady as she goes suits me just fine.