Member Info for AimSurfer007

The purchases are all relatively small, seems like they are the only ones purchasing here :) Cash better spent on product development. Too soon to be talking about dividend. Let them fully release their platform and start generating revenue from it. Then people will start getting excited.

Saying that this is all obviously just their ambition, execution and delivery remains to be seen. But I think the upside is significant and they have the funding and team to deliver it. So worth keeping an eye on.

Agree there are many other smaller player's solving large number of issues that exist within conveyancing and the wider home move market. And agree the challenge is adoption and scale.

This is why I like DigitalMove, no one has successfully provided complete e2e customer focused solution where all stakeholders involved in the process can collaborate, manage cases and get access to solutions such as online ID verification or source of funds etc. And by default provide effective status notification to their clients. ULS are taking completely different angle and building an interface/platform for all stakeholders to feed into. They don't plan to rival Thirdfort, but potentially hook up their services into DigitalMove via revenue share agreement.

You say they will miss the boat but DigitalMove has already processed over 50k cases.

For all the large / medium size conveyancing firms out there. How do they become more efficient and offer better service to customers? would they sign deals with 10 different service providers to solve 10 different issues or sign up to DigitalMove and get it all in one place? That's where I think they are going with it. I don't think they need to be in a great rush. Develop A grade software platform at a competitive price point and then hit the market. They are in a better position to achieve scale than anyone else imo.

That's just the first iteration, market either asleep or wants to see adoption evidence. It will come. In the meantime let them grow eConveyancer further and progress DigitalMove upgrade. Sector needs DigitalMove and it's coming.

Chart looks great (break 50 and no resistance to 80p ), director's buying, revenue growing, travel opening up added boost. Been a solid hold. With travel recovery I expect they should get to 10m quarterly revenue in the near future.

Once they turn on the revenue tap from DigitalMove, this should see reoccurring revenue and software business multiple value applied, way to cheap here but let's have patience and let them deliver. Eventually the market will acknowledge the new direction. It takes a while to completely transform their tech stack, but I just don't see anyone competing with them in this segment and scale.

The strategy around DigitalMove is completely ignored by the market, eventually it will get recognized, now is the time to buy when no one is talking about the stock. Patient holders here will get handsomely rewarded imo. What was it £1.6b market opportunity they are going after and building A grade software platform. Market might want revenue / adoption evidence but if you wait it will come imo. Those in the know are slowly accumulating. I.e. Kestrel and me :)

If placing at this level the board need sacking. Rather delay mine construction by 6 months. Mine construction should be able to get 100% debt finance against Yanfolila and future Kouroussa production. Business is cash flow positive and debt free. Makes no sense for a placing.

Over 50k transactions and few bothered to give negative feedback which is mostly directed at the solicitors using the platform. Anyone wanting solid overview on the company and their roadmap I suggest investormeetcompany presentation.

Current software version is first iteration and provides digital starter packs. A lot more to come. There will always be those preferring paperwork and telephone calls but times change.

The platform will be A grade I believe once fully developed and the industry is in a serious need for it.

Looking at their recent hires ULS are completely transforming their technology stack. Moving onto cloud and micro services. This is to make them a lot more scalable and improve time to market iteration timelines.

I expect Econveyancer to grow this year. The major upside from DigitalMove is likely to be seen next year imo when they start monitising it.

Here is their latest ULS description taken from their job posting.

"We are now going a step further with the development and the launch of the next phase of our customer focused online platform, DigitalMove – a centralised digital platform for everyone involved in the conveyancing process to communicate and collaborate, from future homeowners, conveyancers and lawyers to lenders and brokers. This home platform joins up the entire home buying and selling process right up to completion and beyond, making that process easier, quicker, safer and more transparent."

That's a game changer for the industry.

https://omny.fm/shows/dig-deep-the-mining-podcast/154-dd/embed?source=twitter&size=square&style=cover

Doubt they have any interest in selling given they won't get access to the proceeds anyway.

Apparently Octopus fully sold out in recent weeks and days, probably fully exiting on results day and causing the drop. Not sure where their 2.7% went but holders in that fund appear to confirm they have divested ULS investment. They were in since IPO at 40p.

Between now and Jan not the time to be selling imo, especially with current gas prices. But profit is profit, can't be upset about making money.

Presentation in case anyone missed it: https://youtu.be/H7J8OLbLUTY

https://youtu.be/H7J8OLbLUTY

I want to see Dan on Crux again. Will be like a school boy getting a telling off :)

Same happened with EQLS last week. There CFO increased holding the following day, let's see if management or board load up here. Volume definitely interesting. Potentially Octopus fully exiting.

Strange indeed, I wonder what people were expecting :) Used this opportunity to buy more.

Another impressive hire.

https://www.financialreporter.co.uk/finance-news/uls-technology-appoints-chief-commercial-and-growth-officer.html