This software company looks even cheaper after latest deal (Updated)
This platform-centric software business has had a challenging time, but investment in a new digital offering should drive an acceleration in activity, further boosted by the growth in housing transactions. The valuation looks attractive to us, relative to other software offerings and the sale of a subsidiary for a nice premium leaves the business in a strong net cash position. (IHT qualifying)
ULS Technology (LON:ULS) supports residential conveyancers and related legal services through its eConveyancer product, an online comparison service for conveyancing used by over 4,000 mortgage brokers and financial intermediaries, lenders, networks and estate agents.
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