Ondo Insurtech Share Discussion Threads

[tom5boy] 26/7/2024 16:18

I recollect that the gross profit was nearer £30 per unit.

Craig and the team have done an incredible job and deserve a great deal of credit for what they have achieved in a relatively short period of time.

👏

[pdt] 26/7/2024 15:06

tom5boy - they have said that they will not hit breakeven until 2025 so the year to March 2024 will show a loss. And the year to March 2025 will also show a loss.

However, when they get to a 1m installed leakbots the profits will be substantial. My back of an envelope calculation is annual profits of £17m and the share price will be a multiple of todays. Just my opinion.

At 31st March 2024 I think the installed number is around 100,000 and they must be installing at a current rate of around 15,000 a month. Current production can supply 20,000 per month and they have plans to access more supply from another factory in North America (Mexico?).

I think they said the addressable market in the US is around 5m currently. In autoship mode they can probably install 3.5m in the US alone over time. They have the funding from the recent raise and insurers fund the first 12 months up front so cashflow should be fine.

I have been buying Ondo steadily over the past few weeks and have an investment horizon of 5 years so I am happy to wait. Anyone looking for a quick buck may be disappoined but personally I love their business model and I am prepared to ride the ups and downs.

The risk is how quickly can they execute and roll out the plan. And will any competitors arise over time, which seems likely at some point. Although having achieved first mover advantage with a relatively low cost solution there is a barrier to entry. Time will tell but overall it seems a reasonable punt IMHO.

[tom5boy] 26/7/2024 14:31

PDT

Why are the results not going to be good.

Strong buy IMHO.

[pdt] 26/7/2024 10:26

With £30,000 buys just gone through someone is confident for Monday.

The results are not going to be good which makes me suspect that perhaps new US insurers will be announced at the same time?

There is an Investor Meet the following day and they need something new and tangible to talk about in respect of progress.

[hatfullofsky] 25/7/2024 19:20

Weakness into results, not good. Just need some contract news, FAST !!!!

Well below the placing price

[aeu97137] 25/7/2024 15:58

The UK home insurance market is one of the most competitive in the world and the biggest players here decided this was lame years ago.

7 years on and they're still trying to flog this dead horse.

[tom5boy] 22/7/2024 14:27

Strong buy!

[hamidahamida] 22/7/2024 12:17

Excitement is well and truly over. Big insurance companies are still in testing phase with mediocre device orders. Market needs to see big deployment orders, sofar that's not happened other than potential company estimates etc.For the excitement to return the company needs to start delivering 150%+ growth numbers from current low base till then share price will keep in drifting back to all time low.

[mr paul b] 22/7/2024 08:29

Purple you embarrass your self . You talk drivel . One minute it's going a pound then a day later it's going south ..

[1chrism] 22/7/2024 07:31

Oh look, caps lock. Must be serious.

[purple11] 22/7/2024 01:44

ONDO WATCHLIST SELL

[purple11] 20/7/2024 05:13

see CR Thread

xXTiPSXHEETSXx

[purple11] 20/7/2024 05:08

the numbers will do the talking and the numbers will look dire!!

[shortcpx] 19/7/2024 20:09

What aspects they're burning cash on a fantasy. No wonder Home serve wrote off their investment and spun it off onto someone else's tit.

[purple11] 19/7/2024 16:48

xXTiPSXHEETSXx

[purple11] 19/7/2024 16:30

a string of bullish rns s then he sells then NOTHING

[purple11] 19/7/2024 16:29

it was all a sham so the Director could sell and pay his mortgadge off

a con

[purple11] 19/7/2024 16:28

10p likely

[mr paul b] 19/7/2024 15:27

It hasn't dropped on big volume, been relatively small of late( as said bored punters) , just no buyers at the moment taking up the slack .

[hatfullofsky] 19/7/2024 15:10

Leaky ship or market anticipation -The Company anticipates announcing the results for the year to 31 March 2024 in July 2024.

[hatfullofsky] 19/7/2024 14:55

So I guess homeserve did not take part in the placing. Threshold crossed on June as was the placing