Previously writing on provider of online B2B platforms for the UK conveyancing and financial intermediary markets ULS Technology (ULS), in May with the shares at 70p I concluded doubting the investment here can insulate it sufficiently, avoid / sell. Today a “Customer update” announcement – and the shares further lower, below 50p. Uh oh…
Provider of online B2B platforms for the UK conveyancing and financial intermediary markets, ULS Technology (ULS) has updated including of “a strong gross margin performance… continues to generate strong cash flow… maintain the group's policy of paying a progressive dividend”. So why are the shares currently, on the back of the update, at 70p – 9% lower?...
Shares in online provider of B2B comparison and search for residential conveyancing and related services in the UK, ULS Technology (ULS) currently trade more than 20% lower at 35.5p on the back of an update including that “underlying operating profit for the full year is expected to show good growth year-on-year, but nevertheless to be below management's initial expectations”. Having only listed on AIM (with a £12.1 million, 40p per share placing) on 28th July, what has happened here?
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