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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.
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.
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?
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.
The world maybe ending but aint nobody going to stop Oli's quest to reorganise the house buying process!
I hope he's not paying for all these shares out of a salary from ULS!
Another RNS, after hours this time: 8,000 more shares for the Kestrel Krew.
Continuing to up their stakes at these relatively low levels.