Uls Technology Share Discussion Threads

[hatfullofsky] 05/5/2021 19:11

Consolidation around 80p, so feel we'll jump on positive news

[hatfullofsky] 05/5/2021 12:37

Joined today, are we expecting an update this week ?

[simon gordon] 26/4/2021 13:57

Dock9 - 26/4/21:

Interview with Jesper With-Fogstrup, CEO of ULS Technology

[masurenguy] 15/4/2021 12:50

Current major shareholders !

Kestrel Partners: 18,495,904: 28.51%
Schroder Investment Mgmt: 6,860,816: 10.58%
Gresham House Strategic: 4,422,438: 6.82%
Herald Investment Mgmt: 4,400,000: 6.78%
River & Mercentile Asset Mgmt: 4,014,140: 6.19%
Unicorn Asset Mgmt: 3,750,200: 5.78%
JO Hambro Capital Mgmt: 2,700,000: 4.16%
Octopus Investments: 2,489,655: 3.84%

[badday] 15/4/2021 07:16

Another 20,000 in six months. Gathering pace.

[simon gordon] 09/4/2021 06:07

Gresham House Strategic plc - 9/4/21:

ULS Technology's sale of a non-core operation for £27m in November 2020 was transformative. We first invested in December 2019 when the market capitalisation for the whole business was £29m; its value has since risen to £54m. The company has hired a high calibre CEO for its exciting next phase of digitally transforming the conveyancing process for UK property transactions.

[techno20] 08/4/2021 19:53

Nice to see another lender win.....

BUY-TO-LETNEWS
ULS Technology partners with Foundation Home Loans
Ryan Fowler April 6, 2021

ULS technology has agreed a partnership with Foundation Home Loans to provide an integrated panel management service to the specialist lender.
The service will enable Foundation to deliver electronic offers and Certificates of Title to customers and, in addition to the full solicitor panel, will provide access to a short panel of solicitors with expertise in specialist buy-to-let, such as HMOs.
Paul Saunders (pictured), director of lender services, ULS technology, said: “We are delighted to have been selected by Foundation Home Loans to manage its solicitor panel and integrate our services to deliver customers with an enhanced homebuying and remortgaging experience.

Foundation Home Loans cuts standard and HMO pricing and launches new short-term let products
“Our partnership will enable the delivery of electronic Offers and Certificates of Title to speed the process and will give Foundation customers access to a greater choice of high-quality conveyancing firms with expertise in specialist buy-to-let.
“We are looking forward to working together with Foundation to continue to improve the conveyancing process for all involved.”
Sandra Robson-Clark, head of lending, Foundation Home Loans, added: “We are always looking for ways to enhance the experience we offer to our customers and this partnership with ULS technology enables us to deliver increased expertise, speed and security.
“The technology integration will provide benefits for everyone in the process, helping transactions to move with greater efficiency and reliability.”

[masurenguy] 04/4/2021 11:52

Cheers for the link Simon. This quote encapsulates the broad proposition of how transformative their business model can be going forward.

"In my time at both CompareTheMarket and HSBC I’ve seen how critical technology can be in transforming experiences, and I know that with the energy and focus of our business, we can do the same for the home moving experience too.......I really do believe that technology has a far greater role to play in the way that our industry operates, and particularly on the conveyancing side. It can take on a lot of the heavy lifting with administrative tasks, freeing up people to spend their time on those jobs that really require their expertise." Jesper With-Fogstrup

[techno20] 04/4/2021 11:25

Article in today’s Times.....Through the Roof, quotes ...more sales were agreed on March 23rd than on any other day in the past 10 years....A day later, a record 9.1m people clicked on Rightmove, an average of 6,300 visits per minute.

Reckon ULS are very busy. Time for the share price to catch up with trading reality IMV.

[simon gordon] 04/4/2021 10:48

Mortgage Introducer - 22/3/21:

Mortgage Tech Series: Q&A with Jesper With-Fogstrup at ULS technology

[masurenguy] 01/4/2021 08:21

Buyers ! 😎

[techno20] 01/4/2021 08:07

That’s more like it! Anyone spotted anything driving the rise?

[simon gordon] 29/3/2021 15:01

Looks like that particular seller has cleared with 1.6m traded. Maybe can take a run to 100p?

[sidam] 17/3/2021 15:52

The trading update is in May and results June.

[red ninja] 17/3/2021 15:35

The cash is paying for software platform developments and presumably day to day costs as presumably they are some way from being cash positive on Digital Move and associated products.

However, given they had £25 million, excess cash could fund an acquisition if there is a complementary target or a share buyback, that appears to be common themes for companies in the Kestrel stable.

[simon gordon] 17/3/2021 13:49

I've also added. There is some chunkyish selling at the moment.

Trading Update is usually in April.

Wonder what the CEO is going to do with that big pile of cash?

[techno20] 17/3/2021 10:46

Topped up again - it’s just drifting on lack of news. Last RNS was the new CEO buying 25k at 92p. Good buying opportunity IMV. Market set to be very strong throughout 2021.

[red ninja] 17/3/2021 09:49

No news since interims on 8th Dec 2020.

The market would probably like a trading update.

[mr5k] 16/3/2021 11:07

Does anyone know how much money ULS will with each DigitalMove transaction? It's easier to roughly calculate the commission on the Conveyancing. DM did 20,000 transactions to November, up from 10k the year before. But I've no idea about the revenues.

Any guidance would be much appreciated.
Mr5k

[red ninja] 13/3/2021 10:10

The main share holders (73%) at December 2020 contains many well known investment groups :-

[its the oxman] 11/3/2021 10:50

House builders and property plays picking up, thought sentiment might have helped us here push through 100p but not yet. Opportunity to add perhaps as can't be doing badly.

[thewheeliedealer] 02/3/2021 21:48

Hi everyone,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes ULS which I understand C3 holds himself and it should be well placed with Housing etc. likely to be strong as the Economy recovers. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

This one covers our thoughts on where the Markets are now and what we think is most likely going to confront us in coming months and what our strategies are. Specific topics in this one include the impact of Storytelling on our Brains and it also has a chunk on reasons for Retirement and we have found lots of Listeners seemed to like that.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 43) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, with the intent being that it is like you are eavesdropping on us having a chat down the pub (we can dream !!).

Cheers, WD
@wheeliedealer

[red ninja] 24/2/2021 09:45

Bought back shares sold earlier, with the cash on the balance sheet and the growth story they seem pretty good value to me.

[simon gordon] 23/2/2021 07:55

CEO's career timeline on Linkedin:

Jesper With-Fogstrup

[18bt] 18/2/2021 07:14

Decent sized purcahse by the CEO