Uls Technology Share Discussion Threads

[18bt] 22/4/2015 06:06

Decent update - shows they can outperform the housing market.

[fillipe] 30/1/2015 16:26

Just had another looksee.

Numis 27/11/14 ADD. Year to 31/3/15 (f) eps/div - 3.6p/1.3p and 2016 3.9/2.17p.

Level 2... 51k v 40k

Sp looks likely to go higher.

f

[fillipe] 30/1/2015 16:21

Steady buying going on here.....nicely recovered.

f

[john09] 03/11/2014 04:03

I always said...I wasn't sure what the attraction was here

[onjohn] 01/11/2014 20:10

What broker floated this junk?
Propensity to go bust in the next downturn

[henryatkin] 01/11/2014 15:21

I got stopped out on the 16th Oct but in spite of the results I think its more about timing than the business model. If this had listed in 2010 it would have been a flyer. Its obviously going to be very cyclical & I agree it needs to widen its customer base. Worth watching after the next recession or the next housing stimulus whenever that is.

[dewtrader] 01/11/2014 12:29

Finance director must (feel like/be) a pleb having been close to the shortfall in numbers and still bought shares

[hpcg] 31/10/2014 14:50

I did at first. However I think this half is likely to be the slightly stronger one, so I think 2.5m profit might be closer than 2.86? I also sold at about 50p having bought the post IPO dip. Absent growth and the PE needs to be quite low so in hindsight it seems fair, or indeed maybe not far enough.

[dasv] 31/10/2014 12:51

annualised 8.2m is 16.4m - so a miss on turnover by 3.2m
annualised underlying profit of 1.43m is 2.86m so a miss of a 240k.

I'm not buying or holding here but does anyone think the reaction is harsh?

[hpcg] 31/10/2014 09:14

I'm happy to have not been holding that is for sure. It probably is best avoided until it adds to its channel.

[simon gordon] 31/10/2014 08:42

Forecast to March 2015 prior to today's warning was:

T/O - 19.6m
PBT - 3.1m
EPS - 3.8p
DPS - 1.4p

Need to get more distribution channel partners, totally dependent on Birmingham Midshires (Lloyds) for volume.

[dewtrader] 31/10/2014 08:30

Got a long way to fall before it gets interesting given it has disappointed so soon after float
20p? even then I'm not bothered

[travls] 31/10/2014 07:29

shocking news just released.

[dewtrader] 24/10/2014 14:30

FOXT crashing

ULS next imhop

[peterclo] 24/10/2014 12:23

CWD followed FOXT, and RMV and zoopla have also been weak, exposed to transaction volumes.
Meanwhile BWY and BDEV etc have been v strong.

Hard to call read across in this.

And as for ULS ? Software company selling to estate agents.

in the FT today:

[dewtrader] 23/10/2014 07:18

FOXT profit warning today
RMV down

this one next

[peterclo] 14/10/2014 09:14

Fidessa have the next interims as "approx" 24th November

[mattboxy] 13/10/2014 21:01

Anyone any ideas re the previous post

[mattboxy] 08/10/2014 11:14

Any ideas when these will be reporting results and the size of that first divvy??

[onjohn] 10/9/2014 06:55

hxxp://www.ftadviser.com/2014/08/18/mortgages/mortgage-data/largest-ever-drop-in-property-asking-prices-rightmove-KxsBZHoJSt0XrYmxhtRH3O/article.html


ULS looks another pap float at top of market

[aishah] 01/9/2014 09:30

Excellent write-up in Techinvest. They also added ULS to their Trader Portfolio.

[peterclo] 01/9/2014 08:03

was it tipped at the w/e?

[simon gordon] 10/8/2014 08:51

Mail - 10/8/14:

David Newnes, director of LSL's Your Move estate agency chain, said: 'Overall, 90,000 properties were sold across England and Wales in July, up 21 per cent on a year previously and representing the highest monthly total since November 2007.'

[simon gordon] 09/8/2014 06:59

Zoopla use move.me as their conveyancing agent:



Rightmove don't look to offer a quoting system:



I reckon conveyancing through RMV and ZPLA's portals wouldn't be great money spinners and have any consistency of demand.

Be interesting to know the Money Supermarket stats for ULS, I bet they don't amount to much relative to Lloyds, Yorkshire Building Society and the mortgage brokers.

Here's what ULS say about their own B2C websites:

Other brands

The Group also has in excess of one hundred white-label and own-brand B2B, B2C and B2B2C websites containing the Group's quotation and solicitor instruction functionality. The Group's own-brand B2C websites include the following:

(a) convey4u.com, a B2C conveyancing price comparison website;
(b) epc4us.co.uk, a B2C EPC website for residential and commercial property owners;
(c) increaseyourlease.co.uk, a B2C lease extension price comparison website;
(d) iwillcompare.co.uk, a B2C will price comparison website; and
(e) move4us.co.uk, a B2C online estate agent website.

The Group operates a dedicated online portal for the full range of its own- brand services. Intermediaries and service providers can register and log-in to the portal, and law firms can use the portal to apply to join the Group's panel of solicitors. The portal is accessible to all of the Group's service providers and intermediaries, but is also accessible to end consumers through the Group's product-specific B2C websites (such as those listed above).

Revenues from these own-brand websites accounted for less than one per cent. of total revenues in the Group's financial year ended 31 March 2014.

====

If ULS could land either HSBC, RBS, Barclays or Nationwide, then that would turbo charge growth and really set the share on fire.

====

Snippets from the AD:

The Group believes that its key relationships with distributors, and in particular its relationship with Lloyds, are important to the Group's ability to continually generate revenues from end-users.

-

Strategy

Increasing use of the platform within the Company's existing distribution
network

The Directors believe that there is the potential to generate significant additional transaction volume from focused marketing and education within the Company's existing distribution network.

The Company has enjoyed a commercial relationship with Lloyds (formerly HBOS) since 2007, and is currently used in 853 branches and by over 4,800 brokers who access the platform through BM Solutions. However, there is still additional growth to be achieved from continued engagement with Lloyds and the Group has four account managers dedicated to this. The Directors believe that the new four year exclusive contract recently signed with Lloyds will assist the Group in achieving closer engagement with Lloyds. The Group has also entered into a nonexclusive contract for the supply of its services to TSB plc.

Secure additional distributors, particularly within the UK mortgage provider market

The Directors are keen to replicate the Company's relationship with Lloyds with other UK mortgage providers. The Directors are aware of a number of large UK mortgage providers that at present either do not offer a conveyancing recommendation service to their customers or offer an alternative solution (such as a tied conveyancing network). The Company intends to make securing a contract with a new UK mortgage provider a key focus of the sales team following Admission, though it should be borne in mind that such contracts are long term and difficult to move from incumbents.

The Group believes that following Admission, the Group's greater financial strength and increased independence as a result of the listing will be attractive to these potential distributors, who are also under pressure from regulatory bodies to demonstrate that they are treating their customers fairly, while driving returns for shareholders.