We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A re-branding for ULS and a change of name.
Smoove is probably easier to market than ULS technology (a la Belvoir!), but I feel silly saying it. I'm sure it won't stop Kestrel from continuing to accumulate.
Is a change of ticker coming?
Another RNS, after hours this time: 8,000 more shares for the Kestrel Krew.
Continuing to up their stakes at these relatively low levels.
I hope he's not paying for all these shares out of a salary from ULS!
The world maybe ending but aint nobody going to stop Oli's quest to reorganise the house buying process!
Another 5,400 shares today.
They seem keen to buy and hold, but not to raise the share price, so they will buy up whatever is available, whether it's large or small quantities.
and another 33,000 shares for Kestrel. 74% held by Trusts . Where are they finding all these shares to buy without significantly raising the SP, because this stock is pretty tightly held?
More great news. I appreciate these are through RCS rather than RNS, but thats all they need do especially as it looks like new contract news is going to be a regular event as the radar picks them up. I see two outcomes here, a rerate or takeover. From the track record of Kestrel I would favour a takeover at some point, but maybe a way to go so that it is not undervalued. The way the shares are now held it would have to be negotiated . I can't see a hostile attempt being successful unless it was extreme of course. Lloyds fits nicely with their move into property this year as well as lenders. So even if the market cools down there will be a lot of fixed rate mortgages coming to the end of their contracts and people trying to negotiate now as interest rates rise.
A fantastic sign-up for ULS to cover Lloyds' remortgages.
Signing additional deals with ULS is a sign of trust and strength in ULS' offering.
ULS going from strength-to-strength under the radar of most PIs.
Another great alliance with independent comparison site Moneyfacts. This is right up Fogstrups street as comparison sites are his background. Kestrel still nibbling away adding stock this week. Flurry of activity in the housing market but there is a shortage of hoses for sale hence the problems for estate agents and in particular Purple bricks. I would guess there will be some consolidation and a few bankruptcies with interests rates likely to rise . Quite where this leaves ULS I'm not sure but they have now established themselves as a key disrupter in this sector. There will be plenty of remortgaging going on this year if not actual hose sales. With a great cash position and further streamlining this market I expect their headway to continue. Gl
Yeah, the upside to no-one knowing about ULS is that it doesn't get shafted in the panic-driven sell-off!
ULS is one of the best performing shares in my pf by virtue of remaining the same as last week :)
o good . Nobody seems to know we exist apart from Kestrel!
So Kestrel, in which Mr Scott has a 'legal entitlement ' increase their holding to use over 29% level with Mr Scott's personal holding. Are they just soaking up what ever comes to market? Never seen the likes of this kind of buying before. I suppose at the some stage they expect the penny to drop and like CNIC they will see some kind of infection point when the cash conversion kicks in. I can't imagine there is much more to spend on R&D, but possible acquisition maybe? They still have a lot of cash sitting around
Its quite extraordinary that all 4 of those stocks I mentioned have seen big gains this week. All in technology which is supposed to be out of favour. Even Cnic had a very strong sell off but now recovering strongly. Uls have a new CFO who looks a good replacement. Hope the momentum keeps going. GL
Thanks Bod. Great to see momentum still here. Having said I would rather be here than any of the others just seen top riser this morning: Ingenta! Still the case though I don't know enough about these other companies, but they are clearly very canny investors
Thanks for the info, Oogle.
I've never really looked into Kestrel, but that is an excellent resource, and they seem very canny investors. It boosts my confidence in ULS. Congrats on your CNIC holding!
https://kestrelpartners.com
here's the link to Kestrel. I think ULS and CNIC are the pick of their current stable which includes Access Intelligence, Ingenta, Gresham Tech and Idox, none of which would get preference over investing more in the two I'm already in. It does look as thought part of the plan is to develop, add value and pass on these companies. Also an interesting comment about lack of interest from UK investors in small caps and an increasing interest from overseas investors who view these companies as undervalued
Hi Bod. Just googled the info from the RNs about holdings. I have actually sent an email to ULS for clarification but not heard back as yet. I suspect its all done via . I also have looked at Stockreport on Stockopedia. According to them there is a 73% holding by institutions with Schcoders, Herald etc. Kestral have 28.99%. Ollie Scott has 29%. The Kestrel holdings are in a 'Guernsey cell'. Kestrel have been accumulating share for clients and directors. Very similar structure with CNIC another company I am invested in along with Kestrel. As you say not a significant shareholder but I hold a fairly unhealthy weighting now both in ISA and nominee accounts with JIM. Worth reading up on Kestrel. Cnic started to lift off earlier last year and still expected to double . Great to see ULS getting going again. I got a bit lucky on my timing here, selling at over a quid last year and been building back a much larger holding since. Much needed luck really because the sell off has been quite indiscriminate in the autumn. Housing market could be quite flat next year. Wonder if they will try and take their model abroad. The great thing here is land registry is now all digitalised and access to planning info is all online. Hardly need a ruddy solicitor any more, just an intermediary to hand the cash over for house transaction. As Aimsurfer says looking for exponential returns from both these company. Must check out Kestrel and see if there is anything else they are involved with!
Where are you getting the info from, is it the list of significant shareholders?
I hold ULS in my ISA, and I use JIM (Jarvis Investment Management, i.e. x-o) as my trading platform, so it could be a load of smaller nominee accounts held by JIM. *I am not a significant shareholder btw!
Think I may have got the Jim Mellon connection wrong. JIM is Jarvis securities and BNY Mellon is a large specialist wealth management company based in New York. So in many ways that's even better! GL
Normal service is resumed in 2022 with Oliver Scott/Kestrel purchasing more to take them past the 29% mark.
It's all looking good. ULS bucking the overall downtrend of the markets today.
This is getting very interesting. Not Only is Ollie still buying but looks like Jim Mellon is aboard too. Great stuff
Should see some excitement in 2022, loaded the bus and waiting.
"Importantly, the continued development of DigitalMove as a digital product supporting the whole home moving experience is expected to result in exponential returns as functionality increases."
Slow and steady progress in the ULS share price is what I like to see. Especially in the absence of an RNS.
No hype, no FOMO. Just steady accumulation, buying & holding for the long-term.
ULS is in the right place at the right time, so here's hoping 2022 is when we start to reap the rewards.
Good luck to all LTH. Enjoy the quiet while we can :)
I can see this being a very attractive acquisition for Rightmove if the tech proves successful and gains a bit more recognition. Would kill off the opposition stone dead. Obviously Kestrel have a controlling interest here, so they can name their price which would be at lest double the current sp I would have thought especially with half the market cap in cash, so maybe more.
That's 4 purchases now in December alone from Oliver Scott et al.
Nearly 100,000 more shares at full market price!