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Share Name Share Symbol Market Type Share ISIN Share Description
Uls Technology Plc LSE:ULS London Ordinary Share GB00BNG8T458 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.16% 87.20 100,215 16:35:23
Bid Price Offer Price High Price Low Price Open Price
87.00 87.60 89.80 86.20 87.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 28.27 4.02 5.06 17.2 57
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 9,167 87.20 GBX

Uls Technology (ULS) Latest News (4)

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Date Time Title Posts
25/1/202107:25ULS Technology plc348
31/10/201808:47H1 Trading update-

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Uls Technology (ULS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-25 16:35:2387.209,1677,993.62UT
2021-01-25 15:58:0687.004,2073,660.09AT
2021-01-25 15:58:0587.0010,0008,700.00AT
2021-01-25 15:58:0587.00612532.44AT
2021-01-25 15:55:3087.708171.04O
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Uls Technology (ULS) Top Chat Posts

DateSubject
25/1/2021
08:20
Uls Technology Daily Update: Uls Technology Plc is listed in the Media sector of the London Stock Exchange with ticker ULS. The last closing price for Uls Technology was 86.20p.
Uls Technology Plc has a 4 week average price of 78p and a 12 week average price of 52.30p.
The 1 year high share price is 92p while the 1 year low share price is currently 34p.
There are currently 64,871,276 shares in issue and the average daily traded volume is 337,171 shares. The market capitalisation of Uls Technology Plc is £56,567,752.67.
25/1/2021
07:25
simon gordon: 25/1/21: Commencement of new CEO ULS Technology plc (AIM:ULS), the provider of online platforms to support UK consumers moving home, announces that the new Chief Executive Officer ("CEO"), Jesper With-Fogstrup, has now commenced his role at the Company. As previously announced, Jesper has over 20 years’ experience within digital and technology businesses, joining the Company from HSBC where he was Global Head of Digital as a Channel, prior to which he was COO of Comparethemarket.com. Current trading conditions remain buoyant with a large number of instructions in the pipeline looking to complete in this quarter. The Company continues to have a healthy balance sheet with zero debt and substantial cash balances following the £27m Disposal of Conveyancing Alliance Limited in November 2020. Martin Rowland, Non-Executive Chairman, commented: "We are delighted that Jesper has now started his role at the Company. His knowledge base and experience will be invaluable as we develop our platform. This is a pivotal moment in our trajectory, and we look forward to working with Jesper as he develops our proposition and growth opportunities. "Importantly, Jesper brings considerable experience in digital platforms and putting the consumer at the heart of the process. He will help drive and deliver our ambition to become the portal of choice for agents and consumers.” Jesper With-Fogstrup, CEO commented: “ULS Technology’s digital proposition is very exciting with significant potential, meeting customer expectations and growing as we expand the platform. The Company already has strong foundations in place and I’m eager to develop the wealth of growth opportunities as we create a platform that will revolutionise home moving and ownership.”
09/12/2020
12:15
energeticbacker: Should the future prove less brutal for its borrowing clients than the market currently anticipates, the share price could swiftly recover back to previous highs and a doubling from the current level looks achievable over the next 12 months. If it continues to languish, an acquirer may pounce. Updated commentary by Investor's Champion.
08/12/2020
09:06
masurenguy: "Masurenguy Do you see any expectation that uls gets acquired in this transition period?" StudentInvestor13 - who knows ? It is always possible and there will be many other companies out there where ULS would make a synergetic fit. The company has a very strong institutional base and any predator would have to get Kestrel and Schroders on board - who together hold almost 40% - to make a move. I think that most investors and the BoD would probably like to realize incremental value by exploiting their their existing situation over another year or two but that's just my own view.
08/12/2020
07:52
studentinvestor13: I am weeding through uls talking to some of my solicitor and other friends. Work in progress but feedback on the platform they can create is good. It sounds like the second half of the year they are now in might be much more back to normal given what is happening with housing transactions at the moment. Masurenguy Do you see any expectation that uls gets acquired in this transition period? If i was a suitor on the market I would want to do it before the Mr Fogstrup joins. I can create a sum of the parts of this business and still get 40-50% upside
08/12/2020
07:43
masurenguy: Half Yearly Report "Robust financial performance with focus now on revolutionising home moving and ownership" ULS Technology plc announces its half year results for the six months to 30 September 2020. During this unprecedented period, the Company continued to generate profits and remained highly cash generative whilst further developing its DigitalMove platform. Financial Highlights -- Revenue declined by 31% to £10.06m (H1 2019: £14.55m) in line with the overall market -- Gross margin fell slightly to 42.7% (H1 2019: 43.9%) due to changes in business mix -- Underlying EBITDA reduced to £1.0m (H1 2019: £.3m) -- Underlying Profit before Tax(1) declined to £0.33m (H1 2019: £2.78m) -- Adjusted basic EPS(1) declined to 0.51p (H1 2019: 3.60p) -- Net debt reduced to £1.9m as of 30 September 2020 (FY 2019: £3.4m) o Part of improvement due to use of VAT deferral scheme worth £0.6m to be repaid in March-21 which does not show as debt o Pro-forma cash balances following the sale of CAL were £25m -- Positive cash from operating activities of £2.1m (1) Before exceptional costs and amortisation of acquisition intangibles. Operating Highlights -- Increase in brokers actively using our platforms to 3,917, an increase of 9% over the 6-month period and 21% against September 2019 -- Over 20,000 cases have now been instructed through DigitalMove, compared to c.3,000 twelve months ago -- DigitalMove Solicitor Portal launched as pilot in the period -- The appointment of a new CEO, Jesper With-Fogstrup, who will be starting in the New Year Significant Post-Balance Sheet Event -- Disposal of wholly owned subsidiaries Conveyancing Alliance (Holdings) Limited and Conveyancing Alliance Limited ("CAL") for a cash consideration of GBP27.3m o Proceeds to be used to repay debt, leaving c.GBP25m cash on balance sheet to invest in a digital platform aimed at revolutionising home moving and ownership o Continuing operations remain profitable at an EBITDA level immediately post-transaction Martin Rowland, Chairman of ULS Technology plc, commented:"We are pleased with our performance in the first half of the year in an unprecedented housing market which virtually came to a standstill in the first two months of the period in terms of existing pipeline and, in particular, new instructions. While the market has since come bouncing back to life with the number of instructions above pre-Covid levels, the lag between instruction and completion means that this will benefit H2 rather than H1. That said, our ability to make a profit and generate cash in the period against this backdrop, highlights the strength of the Company's model and relationships. Importantly, given the volume of instructions, we are now seeing an increasing run-rate of revenue and have good visibility of higher revenues over the coming months. The post-period sale of CAL was a pivotal moment for ULS providing the capital to help us achieve our vision of building a digital platform that will transform the entire home moving and home owning process for consumers. The broader functionality that we plan to offer and scale of opportunity we envisage provides a strong backdrop for future growth opportunities .We have also announced the appointment of Jesper With-Fogstrup as our new CEO who we expect to take office in early 2021. He will now be armed with significant funds to help us achieve our vision and we look forward to him being able communicate his plans in Q2 2021."
02/12/2020
14:51
simon gordon: Vox Markets - 1/12/20: Gresham House update Vox Markets on their portfolio and the stocks they are watching. Https://www.voxmarkets.co.uk/articles/richard-staveley-laurence-hulse-of-gresham-house-updates-vox-markets-on-their-portfolio-48bc3d9 *ULS included.
30/11/2020
16:53
simon gordon: -£50m market cap. -£25m in cash. -c.£5m EBIDTA from core business. -Digital Move platform. -New CEO starts early in the New Year. If the story starts to build and the City likes what it sees and Digital Move scales and expands then the share price has a lot of juice in it. ATH 161p. As the Chairman said "this is a pivotal moment". Kestrel doing the business!
30/11/2020
10:48
simon gordon: Tech Market View - 30/11/20: ULS Technology, the AIM listed provider of online B2B platforms for the UK conveyancing and financial intermediary markets, has sold its Conveyancing Alliance (Holdings) Limited and Conveyancing Alliance Limited ("CAL") businesses for a cash consideration of £27.3m. The buyer is Project Ophelia Bidco Limited, a company that controls O'Neill Patient Solicitors LLP, the largest conveyancer on the CAL panel. In the year to 31 March 2020, CAL generated revenue of £8.9m with a pre-tax profits of £2.4m. Following the disposal of CAL, the Group has one cash generating unit, its main operating brand eConveyancer, which delivered c£5m of EBITDA in the year to 31 March 2020 (based on unaudited management estimates). The reason for the disposal is to bring greater focus to the firm’s strategic objectives to create more touch points with homebuyers/owners - which is also core to its DigitalMove proposition. DigitalMove was launched at the beginning of the year and is designed to help bring the conveyancing process into the digital age via the use of a secure portal for all consumer and solicitor communication. The firm is working on “an accelerated plan” for a platform that can be used by consumers to arrange the various financial and legal administration necessary to complete a house purchase. There would also be the possibility to make arrangements for insurance and utilities suppliers in the new home. In sum, all of the things that can cause so much stress and take so much time to arrange otherwise. ULS has a new CEO starting in early 2021, when plans will be “finalised”. Https://www.techmarketview.com/ukhotviews/archive/2020/11/30/uls-technology-sells-subsidiaries
30/11/2020
07:31
simon gordon: £25m net cash on the balance sheet. '...one cash generating unit, its main operating brand eConveyancer which delivered c.£5m of EBITDA in the year to 31 March 2020, based on unaudited management estimates.' Martin Rowland, Chairman of ULS Technology plc, commented: "This is a pivotal moment for ULS with the Disposal enabling us to accelerate our growth strategy. We believe that the consideration represents an attractive valuation, unlocking value for shareholders, whilst at the same time providing the capital to achieve our vision of building a digital platform that will transform the entire home moving and home owning process for consumers. We look forward to welcoming Jesper in the new year to spearhead the next phase of our development."
14/8/2020
11:07
red ninja: Artemis recent Vct comment on ULS Tech :- "ULS Technology Another sector that has proven more resilient than might have been expected is the UK housing market. The major housebuilders reported that sales continued even during lockdown and the speed of the recovery over the summer months has confounded the pessimists. Transactions in the housing market require conveyancing work, so ULS Technology has benefited. Initial downgrades to profit forecasts for the company now appear too conservative and are being reversed. Its share price has followed." hxxps://www.artemisfunds.com/en/gbr/investor/funds/explorer/artemis-vct-plc/ordinary-shares
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