We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ondo Insurtech Plc | LSE:ONDO | London | Ordinary Share | GB00BNVVGD77 | ORD GBP0.05 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.75 | 632,281 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 21.50 | 22.00 | 21.75 | 21.75 | 21.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 2.69M | -2.99M | -0.0223 | -9.75 | 29.18M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:37:09 | O | 150,000 | 21.45 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/6/2025 | 16:01 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 16/6/2025 | 07:00 | UK RNS | Ondo InsurTech PLC Bear River Mutual to Pilot LeakBot in the US |
| 12/6/2025 | 07:00 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 30/5/2025 | 10:01 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 06/5/2025 | 12:34 | UK RNS | Ondo InsurTech PLC Holding(s) in Company |
| 01/5/2025 | 10:00 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 01/5/2025 | 10:00 | UK RNS | Ondo InsurTech PLC Total Voting Rights |
| 15/4/2025 | 17:06 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 11/4/2025 | 11:31 | ALNC |  Ondo InsurTech hails strong customer growth, strikes pilot contract |
| 11/4/2025 | 07:00 | UK RNS | Ondo InsurTech PLC The Hanover to pilot LeakBot in the United States |
Ondo Insurtech (ONDO) Share Charts1 Year Ondo Insurtech Chart |
|
1 Month Ondo Insurtech Chart |
Intraday Ondo Insurtech Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/6/2025 | 17:48 | Ondo InsurTech | 1,806 |
| 14/5/2024 | 13:10 | purple the TWAT is a sad LOSER | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-06-20 16:37:09 | 21.45 | 150,000 | 32,175.00 | O |
| 2025-06-20 15:29:16 | 21.63 | 32,414 | 7,012.12 | O |
| 2025-06-20 15:22:41 | 21.94 | 24,435 | 5,361.04 | O |
| 2025-06-20 14:57:55 | 21.94 | 11,294 | 2,477.90 | O |
| 2025-06-20 14:48:18 | 21.63 | 18,491 | 4,000.16 | O |
| Top Posts |
|---|
Posted at 21/6/2025 09:20 by Ondo Insurtech Daily Update Ondo Insurtech Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ONDO. The last closing price for Ondo Insurtech was 21.75p.Ondo Insurtech currently has 134,164,292 shares in issue. The market capitalisation of Ondo Insurtech is £29,180,734. Ondo Insurtech has a price to earnings ratio (PE ratio) of -9.75. This morning ONDO shares opened at 21.75p |
Posted at 03/6/2025 13:29 by pdt I see Ondo are a sponsor at Insurtech Insights USA taking place 4th and 5th June.Looking at the list of attendees all the top US insurers are there. Perhaps Craig will give an update over the next couple of days? |
Posted at 28/5/2025 14:50 by pdt I was wondering why are we seeing some recent weakness in the share price. Could one reason be the warrants? There is an expiry of about £1m worth at the end of July at 20p. There could be some selling at 25p now to fund the exercise.If they all exercise then the cash balance should grow by some £0.5 million to around £4.5 million as well as reducing the loan note balance by a similar amount. I have taken the opportunity to add. They don't need to keep announcing new customer wins since they have enough addressable households to keep them busy for some time. I am comfortable with recent suggestions that the EPS could be around 6p in four years time. At a modest PE of 20 there could be a share price of 120p. I would be happy with that :) As usual time will tell! |
Posted at 27/5/2025 18:04 by homebrewruss Oak bloke Ondo writeup/video |
Posted at 21/4/2025 12:57 by dean44 I am amazed the share price hasn't fallen significantly with the profit warning and big reduction in forecasts from Dowgate.2026 revenue forecast cut from £11.6m to £8.0m. It is now 2028 before the company is forecast to be profitable. |
Posted at 11/4/2025 10:16 by mdchand 'Ondo InsurTech has announced yet another new major US insurance partner while releasing a FY Mar25 update that reveals its slow Swedish rollout reduced yoy revenue growth to 40%. Hanover (NYSE:THG / $5.6bn MCap) is another US home insurance giant now piloting Ondo’s innovative device and services, joining the other leading US insurers (Nationwide and Liberty Mutual) already signed up. It is a top-20 US home insurance provider, writing $6bn of premium annually and it brings the total number of homes covered by Ondo’s partners to 14m globally. On this evidence it seems very likely that LeakBot will become a standard IoT device across the whole US home insurance market. At the same time, the post YE update reveals c.40% yoy revenue growth to at least £3.8m in FY25. This is rapid but slower than hoped due to the previously discussed slower rollout in Sweden (February guidance was cut to £4.5m). Whilst the contract is still live, the ongoing uncertainty in the speed of this rollout leads us to cut Swedish revenue from our forecasts for prudence. This has earnings and cashflow impact but management remains confident that with a cash generative model Ondo has no need for any further funding to reach cash profitability. The huge US rollout is more than adequate to drive strong future growth.' |
Posted at 13/2/2025 09:28 by mdchand Taken from Dowgate broker note released today. Note size of US trial.'Ondo InsurTech has announced that a second top-10 US insurance giant, Liberty Mutual, will deploy its LeakBots and services. We also note the 3Q trading update revealing that while the US rollout is accelerating, the deployment with its market leading insurance partner in Sweden has been slowed by integration with a smarthome offering which is taking time to gain traction. This has led to delays in the Swedish orders which were material to this year’s forecasts impacting FY25 revenue and earnings. The US growth will see it dominate in FY26, so guidance for next year is unchanged. There are no cash concerns; the cash-positive business model is now firmly established and cash is supplemented by £2.5m from exercised warrants, allowing Ondo to pay down debt in 2H. Swedish delays will slow FY25, but it will be diluted by the more secure US model in future. A second top-10 US insurance giant is adopting LeakBot. Liberty Mutual is Ondo’s 7th US insurance partner, and by far biggest to date. It is the 6th largest US personal-lines insurer with c.$40bn pa of net premium from policies on c.7m US homes. It is twice the size of Ondo’s first large partner, Nationwide (c.$20bn pa net premium) and starts with a pilot (est. 10k units) over 4 states (in the 18 already covered). This underlines how fast LeakBot is being adopted in the US home insurance industry and underpins our long-term growth expectations.' Good news re Liberty, but tempered by the slowdown in Sweden (which is not Ondo related). The US remains key here, so as long as the US deals keep rolling in, I think the markets will forgive any slowdowns elsewhere. That said, the end game will most likely be a US Company taking them over....... |
Posted at 12/12/2024 07:33 by blah blah Cyber, I see it like this. At this stage it’s all about projecting what the company could be worth in say 5 years time and discounting back. A very good rate of return on an equity would be 20-25% for a company with this risk profile, so in other words do i think in 5 years time it could be worth £150-200m (which is what the current market cap is telling us?). If so then next year the share price should be 20-25% higher as the plan plays out. Or do I think the value in 5 years could be substantially higher? The company has talked about being a billion pounds. That seems a bit of a stretch at the moment (although you can see how they get there). But if i assume half of that, I.e. £500m, then it should currently be about 3x today’s share price and in a year’s time 25% higher or around 4x today’s price.The reality is that news flow that provides the potential to get it to £500m or even £1 billion value will be what drives the performance. In other words, keep the deals coming! As well as avoiding the need for dilution, where I think they are doing a remarkable job. Usually in a small growth company it is the need for growth capital that dilutes returns for shareholders. |
Posted at 09/12/2024 17:46 by cyberbub Just out of interest, does anyone have any thoughts about any other company that's in a similar position to ONDO 3 months ago, done a placing which pushed the share price down, but has great prospects and might double or treble short term? Don't worry I'll DMOR before buying :-) ! Genuine question as I have some cash from sales elsewhere looking for a home. Thanks for any tips.Meanwhile onwards and upwards for Ondo in the coming days hopefully. |
Posted at 25/11/2024 07:38 by homebrewruss Rescheduled LN can now be paid from revenueOndo InsurTech has announced that the repayment dates of the £6m vendor loan note have been pushed back to 2027-2030, enabling it to be repaid from Ondo’s growing cashflow-positive operations and removing any concern that funds might be sought from investors. The LN holder, HomeServe is also the lead shareholder and is strongly supportive (its 12% equity stake has potential to far outstrip the value of the LN). HS has agreed to a second rescheduling, deferring principal repayment for one more year, to start 31Mar27. The interest roll-up agreement has also been extended a year to 31Mar26, although the rate rises from the current 12% to 14% from 31Mar27. Ondo’s first cash payment will now be the initial quarter’s interest on 30Jun26, over 19 months hence with the first significant repayment on 31Mar27. By then the scale of Ondo’s operations will have ramped-up substantially and the business model is highly cash-generative, as insurance partners prepay a year up-front for each large tranche of LeakBots ordered. The model is proven with partners and on its own covers the working capital needs of partner growth and rollout. Ondo’s Chairman notes Ondo can now meet LN obligations from that growing future trading revenue and with only c2% penetration of 5.7m homes covered by just the current insurance partners, the next few years will see a rapid scale-up in orders and revenue. We also note that the £6m of 20p & 25p warrants must be taken up by May26 with £3.4m due to expire 21Mar25. Ondo has committed at least 40% of any proceeds to repaying the LN, giving even further comfort that a dilutive raise is unnecessary. • Detail. The £6m LN was part of the consideration for acquiring LeakBot from HS and remains repayable by Ondo at any time. The principal repayments are now deferred one year; >£1.5m pa starting 31Mar27, running to 31Mar30. The LN was interest-free to Mar24. From then interest will now be rolled-up to for two years to Mar26 (prev. Mar25), then be due quarterly in arrears. The rate is held at 12% but rises to 14% after 31Mar27 if not repaid. • This agreement is worth £2.7m to cashflow; the delayed £1.9m principal repayment plus £0.8m extra interest roll-up and demonstrates the goodwill and commitment that HS retains in Ondo. • No need to raise funds. Ondo has been clear that its success with major insurance partners and working-capital positive model will deliver positive EBITDA from the second half of next year without any dilutive funding from investors. The £6m of warrants are now in the money and must be exercised before the first interest payment due in Jun26 (expiring Mar25 to May26). • Exciting times ahead. LeakBot is being rolled out across the US (18 States) by six major insurers with more to come. This will build a base of high margin recurring revenue delivering growing profits from operational gearing with a cash positive model funded by the insurers. Now the LN question is allayed, the share price is free to appreciate with the continuing impressive news flow. |
Posted at 12/11/2024 08:36 by mdchand Some updated commentary from the house broker re coverage15 new States: Building on the 6k-unit pilot in Ohio, NW will expand its offer of free LeakBots and repair services to new and existing customers in 15 other States: Pennsylvania, Maryland, North Carolina, West Virginia, Montana, Idaho, Kentucky, Indiana, Vermont, Oregon, Virginia, Tennessee, Illinois, New Hampshire, and Washington State. The commercial details are confidential, but we anticipate follow-on orders of at least 1k per State (so 16k-20k units?) under the US model of $5 monthly subscription with the first year being prepaid, which more than covers the working capital for production and shipping. Without detail it is difficult to assess the P&L impact, but such a 20k-unit order would see >$1m cash received up-front by Ondo. We will review f/casts with the Interims. No large outlay on new engineers: In Washington State, Ondo already has an insurance partner (Enumclaw) and service cover - but the other 14 are virgin territories, requiring setup of the detection and repair service. We understand four States (PA, MD, NC & WV) have significant densities of current NW customers and will see the bulk of the initial devices and engineer support from launch. The other states will be covered from day one by visiting engineers servicing job batches under eased SLAs; so we initially expect a need for just 4 or 5 new engineers to join the 3 already in the US covering Ondo’s existing four States (OH, WA, NJ & NY). As state volumes grow, more engineers will be added and Ondo will approach other regional insurers there to further increase LeakBot density. In this way partner orders - with lump-sum pre-payments and marketing commitments - will support the expansion of the plumbing network. Production increased: We estimate c.35k units currently in stock (>17k in the US) and the Bedfordshire facility has been delivering 10k units pm on a single shift, however with the recently announced small investment from Ondo (<£100k), it will be able to step up to 40k pm (almost 500k pa) on two shifts. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
