Bonkers Bargain under offer
Investment in a new digital offering is coming good for this company's specialist software offering. The sale of a subsidiary for a nice premium leaves the business in a very strong net cash position to support growth, with the company already a large chunk of this to shareholders via a tender offer. The modest valuation and cash rich position has attracted an acquirer, who has now made an offer, which doesn't look overly attractive to us.
Smooth (AIM:SMV), formerly 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.
Continue reading our content…
- Unlimited access to our market-beating portfolios
- In-depth coverage of many of the world’s great companies
- Unique insights from our top research team
- Company and markets insights
- Sponsored content
- Podcasts
Previous article Next article
DON'T MISS OUT!
Get top investment ideas to help safeguard and grow your wealth.
Invaluable insight from the exciting world of smaller companies.
REGISTER FREE
More on Smoove PLC
Bonkers Bargain under offer
Investment in a new digital offering is coming good for this company's specialist software offering. The sale…
AI appeal from AIM - music to an investor’s ears!
Reassuring interim results, expertise in AI and news of share buy-backs has lifted the shares of…
