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| 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
|
|
|---|---|---|---|---|---|
| -0.25 | -1.61% | 15.25 | 168,185 | 14:32:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 15.00 | 15.50 | 15.50 | 15.25 | 15.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 2.38M | -6.01M | -0.0695 | -2.23 | 13.39M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:32:22 | O | 25 | 15.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/4/2024 | 20:19 | ALNC |  TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal |
| 16/4/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Trading Update |
| 28/3/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Total Voting Rights |
| 22/3/2024 | 15:10 | UK RNS | Ondo InsurTech PLC Exercise of Options |
| 29/2/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Total Voting Rights |
| 26/2/2024 | 09:33 | ALNC | Ondo InsurTech shares up on agreement with South West Water |
| 26/2/2024 | 07:00 | UK RNS | Ondo InsurTech PLC New Agreement with South West Water |
| 21/2/2024 | 11:43 | ALNC | IN BRIEF: Ondo InsurTech inks Leakbot deal with Selective Agreement |
| 21/2/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Contract announcement |
| 06/2/2024 | 11:37 | UK RNS | Ondo InsurTech PLC Block Listing Update |
Ondo Insurtech (ONDO) Share Charts1 Year Ondo Insurtech Chart |
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1 Month Ondo Insurtech Chart |
Intraday Ondo Insurtech Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 14:37 | Ondo InsurTech | 1,156 |
| 09/4/2024 | 17:12 | purple the TWAT is a sad LOSER | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 13:32:22 | 15.50 | 25 | 3.88 | O |
| 13:32:22 | 15.50 | 973 | 150.82 | O |
| 13:32:22 | 15.50 | 200 | 31.00 | O |
| 13:32:22 | 15.50 | 16 | 2.48 | O |
| 13:32:22 | 15.50 | 9 | 1.40 | O |
| Top Posts |
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Posted at 26/4/2024 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 15.50p.Ondo Insurtech currently has 86,366,029 shares in issue. The market capitalisation of Ondo Insurtech is £13,386,734. Ondo Insurtech has a price to earnings ratio (PE ratio) of -2.23. This morning ONDO shares opened at 15.50p |
Posted at 18/4/2024 11:17 by premium beeks How clever, changing beeks to berk. How do you manage such wit?See the SHA thread for my comments on ONDO. I was looking to buy around the 20-22p mark and when it got there I mused that there was still no reason to buy. Lack.of opportunity elsewhere has me buying some anyway against my self imposed ruleset and, well you know the rest.My issue with ONDO is that, outside of the insurance industry contacts they built - early on with Hiscox and other partners since, they have no moat with this product. You can go on Amazon and find 00's of these IOT devices from established vendors. Where are the other innovative products?That has not changed, so it's not an investment for me at 16p as it wasn't at 21p. It may bounce here, but it could also bounce at 10p in the same vein that I expected it to bounce at 20p.Purple - you'll find people are much more amenable to you if you are honest, regardless of being bull or bear. |
Posted at 21/3/2024 10:36 by mdchand hxxps://www.linkedinSome anecdotal evidence that Southern Water's trials of Ondo is already producing tangible results finding 200 leaks. At first site, not a big deal. But bear in mind Ondo has been live in the region for since Q4 2023 and potentially, SW has yet to fully deploy 6k leakbots. If SW can use this as evidence it is reducing wastage across its network, it could lead to a far wider roll out potentially announced May/June onwards. To recap, SW first announced a 1k trial of Leakbot in Aug 23, and appears to have fully deployed leakbot Q4 23 (assume Nov ish onwards). Based on 3 months results, they announced a wider roll out of Leakbot Feb 24. Hence my comment about May/June 24 being the possible start of a far wider roll out. It is worth bearing in mind that the lack of RNSs doesnt mean a lack of sales or traction. But it is impossible to gain visibility on the various roll outs until we get a formal trading update. In the meantime, I do expect the share price to continue drifting downwards. |
Posted at 27/2/2024 16:22 by tom5boy SmackeraimOndo is extremely undervalued. Anyone can do their own research and see the potential is enormous with just the existing contracts in place, let alone additional wins particularly in the US. In addition the ongoing discussions and potential opportunity with UK water companies alone would create a share price many multiples of todays price. Happy share holder and will be topping up. DYOR |
Posted at 01/12/2023 12:37 by mdchand Bigboots - in respect of the competitors in the market, you are correct.However, Ondo is substantially cheaper and quicker to install. There are 2 main types. First type involves physically inserting a probe into the main water pipe. These work but cost crica $500 plus installation costs making them not exactly cost effective for insurers. Second type are moisture sensors that will capture water discharge assuming they are placed closely to any leak. They are cheaper $60 ish but are very location dependent. Due to cost and ability to be deployed by customers, Ondo has a huge advantage over other systems. Now, couple that with the US market where premiums are circa x4 UK one for house insurance (ie $1000 in the US vs $250 in the UK) of which approx 25% of the cost is due to water claims, and you have great economics to support the product. Essentially, the insurers can give Ondo's unit away for free, and more than recoup the cost through water damage savings in year 1. So for the insurer it can mean higher profits, cheaper premiums and better customer outcomes. And for Ondo, if we believe the original cost is $40 (and they are selling them at cost), they have stated that they would charge insurers approx $5pm per unit, or %$60pa. Now multiply that figure by whatever you wish (say 1m units sold into the US) and you get pretty bonkers numbers - but all entirely doable. As for the recent Nationwide deal, that is a big deal. I thought it was a test pilot deal where they might turn round and cancel it after testing BUT, based on a recent interview, Nationwide had been testing it for 2 years, and the deal was for a country wide Services Agreement (across the entire USA not just a state). So if they need to raise capital to fund the roll out, that's a good reason IMO. The CEO also stated that they were integrating Ondo into the Nationwide app which shows how happy Nationwide are with the product. Let's not forget that National Marine are looking to install 10,000 units which is 600kpa revenue waiting to happen. And AIG testing them for the AUS / NZ market. And water utility companies potentially giving them away to meet water reduction targets And Europe Etc etc. My biggest concern is the IP protection but they have stated that all relevant protection has been applied in the UK/US etc so I have to take their word on this (unless someone smarter than me can find the relevant patents in the US). I really do expect a large ramp up of revenue in the next 12 months but imo, the biggest driver will be the deployment from Nationwide. |
Posted at 14/11/2023 07:06 by purple11 here we go cracking america!!Ondo InsurTech PLC Nationwide Partners with Ondo for LeakBot in U.S. (3036T) 14/11/2023 7:00am UK Regulatory (RNS & others) Ondo Insurtech (LSE:ONDO) Intraday Stock Chart Tuesday 14 November 2023 Click Here for more Ondo Insurtech Charts. TIDMONDO RNS Number : 3036T Ondo InsurTech PLC 14 November 2023 14 November 2023 Ondo InsurTech Plc ("Ondo" or "the Company") Fortune 100 Insurer Nationwide partners with Ondo to offer LeakBot to U.S. customers Ondo InsurTech Plc ("Ondo"), the London-listed leader in claims prevention technology for home insurers, is pleased to announce today a new partnership with Fortune 100 insurance company Nationwide to offer the LeakBot device to U.S. homeowners insurance customers as part of the insurer's Smart Home Program. Nationwide is a Fortune 100 insurance and financial services company based in Columbus, Ohio and is the eighth largest homeowners insurer in the U.S(1) . Nationwide has led innovation in the U.S. with its Smart Home Program - a new innovative way for the company's homeowners insurance customers to keep their homes safe with connected, smart devices that can notify customers of potential hazards in their homes. Nationwide has now selected LeakBot as a water damage prevention system that can be offered within the program. This new offering will help to fill a common protection gap that many homeowners may face. According to a new Agency Forward survey from Nationwide, less than 10% of homeowners utilize smart sensors that can monitor water leaks or flow in their homes, despite water damage being a leading cause of non-weather claims. Nationwide and Ondo are now working towards the first state launch which is planned for early in 2024 - details to be announced at a later date. Following the successful deployment, the companies intend to expand into additional states in 2024 and beyond. Sarah Jacobs, Vice President of Personal Lines Product Development at Nationwide said "The average cost of a water claim is more than $12,000, but many water losses are preventable. We're excited to offer the LeakBot solution to our customers to help reduce these avoidable accidents and offer greater peace of mind that they're protected from unforeseen damage and disruption in their homes." Craig Foster, Ondo CEO said "It is a great honour to be chosen by one of the biggest and best insurance companies in the U.S. to deploy our water damage prevention system to Nationwide customers as part of its Smart Home Program. We look forward to making a success of the first state deployments in early 2024 and expanding from there." |
Posted at 19/10/2023 12:03 by geoffsh Two great tweets from Ondo in the last couple of days.They are making progress on various fronts. Ondo InsurTech Plc @OndoPlc Introducing our latest outpost! In partnership with IAG - Australia's largest general insurer - we are using this test house in Sydney to pilot our new All Weather version for hot climates. This is the first stage before we expand to testing in homes right across Australia. #ONDO @LeakBot_HQ 9:54 AM · Oct 17, 2023 · 5,597 Views Craig Foster @foster_ideas · Oct 18 Great coverage in the USA today! "Mutual of Enumclaw launches Leakbot pilot program" Fantastic working with Jerel and the team at MOE - a great start working with a fantastic Insurerance company #ONDO |
Posted at 16/10/2023 11:37 by purple11 Irons in the fire12 Oct 2023 15:18Let’s not forget this beauty 29th June 2023 Ondo InsurTech Plc ("Ondo" or "the Company") Firemark Ventures signs exclusive deal to run LeakBot proof-of-concept for Australia and New Zealand markets Ondo InsurTech Plc ("Ondo"), the London-listed leader in claims prevention technology for home insurers, is pleased to announce today a new proof-of-concept pilot with Firemark Collective, the innovation and venturing arm of IAG, Australia's and New Zealand's largest general insurer. Firemark Collective selected LeakBot as their chosen solution to help prevent water damage claims. Plumbing in Australia is different to theUK, in that the supply pipe and stop tap are external to the property. Under this fully funded deal, the testing and development of an outside "All Weather" version of the LeakBot product will be trialled over the next 12 months. All IP created as part of the development will be owned by Ondo. Craig Foster, Ondo CEO, says: "Australia was not part of our roadmap but when approached by one of the largest insurance companies in the region wanting to partner with us exclusively it makes perfect sense for us to stand-up this project. Beyond Australia, we can also see the applicability of this product version in other hot climatic regions like Southern Europe where the stop taps are also outside". |
Posted at 15/10/2023 11:50 by geoffsh Sorry it seems you have to go onto the main page first.vegas.insuretechconn InsureTech Connect 2023 Event starts in: 16 DAYS 13 HRS 11 MINS 51 SECS October 31 to November 2, 2023 Event Info Ondo InsurTech / LeakBot 379 Ondo InsurTech / LeakBot 379 Ondo InsurTech / LeakBot Booth #2480 Company Profile Contact Exhibiting As Ondo InsurTech / LeakBot Company Description Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Recent independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%. LeakBot partners with 14 insurance carriers across 5 different countries, in Europe and the USA. Website hxxps://Ondoplc.com Categories Claims, ESG (Environmental, Social and Governance), Risk Management |
Posted at 26/8/2023 07:47 by purple11 SMALL CAP IDEA: Ondo InsurTech set to plug more leaksBy William Farrington At Proactive Investors For This Is Money Updated: 14:46, 21 August 2023 View comments Top +99 Home They say you should build when the market is down. One company taking that axiom to heart is Ondo InsurTech. Ondo, if you didn't guess by the name, is an insurance technology company and the creator of a cute little gadget called LeakBot. LeakBot's household leak-detection capabilities have opened the floodgates to a raft of commercial partnerships for Ondo, with insurance, and, increasingly, water utilities companies deploying the device to their extensive customer bases. Since going public in March 2022, Ondo has inked major deals with leading insurance carriers, including Admiral and Hiscox in the UK, plus two prominent UK water companies, Southern Water and Portsmouth Water. Southern Water is set to introduce LeakBot to over 1,000 customers in an upcoming pilot, aiming to replicate the impressive 60 per cent reduction in water leaks achieved in the Portsmouth Water trial. Plugging leaks: Ondo is an insurance tech company and creator of a gadget called LeakBot +1 Plugging leaks: Ondo is an insurance tech company and creator of a gadget called LeakBot Ondo has also partnered with Waterwise, a leading water efficiency organisation, to promote leak-preventing technologies. Internationally, Ondo has penned a five-year deal with Länsförsäkringar Trygghetstjänster, Sweden's largest non-life insurer, introducing LeakBot to its two million customers. Additionally, a proof-of-concept pilot with Firemark Collective, the innovation arm of IAG, Australia's largest general insurer, is in the works. LeakBot expanded its reach into US via a go-to-market partnership with global business process management company WNS in April. Further expanding its reach, Ondo recently announced a strategic partnership with US-based PURE Insurance. This collaboration aims to distribute the LeakBot system to select PURE members, enhancing risk management and reducing preventable claims. RELATED ARTICLES Previous 1 Next SMALL CAP IDEA: Shanta Gold takeover rumours help shares... SMALL CAP IDEAS: Will IQGeo shares rise further after 130%... SMALL CAP IDEA: Helium One at likely turning point after... SMALL CAP IDEA: Cornerstone FS carves forex niche through... Share this article Share Quite a busy contract-signing schedule packed into the first seven months of 2023. But why is LeakBot causing such a buzz? Firstly, the scale of the problem Ondo wants to fix with LeakBot is formidable. In the US, over one trillion gallons of water are lost to leaks every year. Water damage claims comprise 28 per cent of insurance claims paid, topped only by weather incidents. In the UK that figure is closer to 30 per cent, making water damage the number-one source of claims paid. Independent research conducted by insurance benchmarking firm Consumer Intelligence on 43,000 LeakBot devices deployed by nine UK carriers showed a 39 per cent reduction in water claims frequency and a 51 per cent reduction in severity. Claims cost per policy fell 70 per cent, from $209 to $63, suggesting an average $146 saving on homeowners' policies. LeakBot achieves these results through the use of highly sensitive heat sensors that detect when a house's main pipe is delivering water when it shouldn't. There are other leak detectors on the market, but they are generally expensive and require professional installation. LeakBot, on the other hand, is relatively cheap to produce and user-friendly. LeakBot makes educated guesses as to what are and aren't leaks by deploying algorithms that track a household's average usage throughout the day in order to detect anomalies. This is primarily useful for detecting micro leaks that actually cause the vast majority of water damage to a home, for which Ondo sends out a team to find and fix the leak. This novel, patented approach was developed through an innovation lab headed by Ondo's chief executive Craig Foster during his time at home-maintenance corporation HomeServe. When HomeServe agreed to be taken private by Brookfield Asset Management, the innovation lab was spun out into Ondo Insurtech. 'I never in a million years thought we'd end up as a listed entity,' Foster reflected. Yet, through a reverse merger with special purpose acquisition company Spinnaker Acquisition, Ondo became one of the first insurtech groups to list on the London Stock Exchange. It took Foster a lot of convincing to take his group public and given the SPAC market effectively crashed right after Ondo's IPO, Foster's reservations seemed to be vindicated. In his words: 'We came on the market, the market crashed, and we lost 50 per cent of the market cap(italisation) immediately. 'I was a bit naive, I thought, 'we have a great product with a massive addressable market and a really great pipeline of news'... But it was actually nine months of new things we were signing and literally, it was tumbleweed'. The same cannot be said for the share price in 2023. Ondo's market cap has shot up fivefold in 2023, from just £5million to more than £25million today (at 32p), due to the raft of new partnership announcements, in particular the WNS roll out. Some may put Ondo's shares in the overbought category given such a sharp rally, especially considering that, despite what are some pretty impressive-sounding partnerships, revenues in the last financial year ending March 31 were only around £2.1million. But, as sponsored research from Bloom Analytics notes, Ondo's recent deal with Länsförsäkringar is estimated to bring in £30million in revenues over the next five years on a 40 per cent margin. And that's just one customer. Revenues are predicted to increase tenfold in the coming five years, though Bloom did concede that it will take a multi-year development timeline for Ondo to become cash flow positive. If LeakBot continues to charm large-scale clients like it has this year, and if Ondo is able to convert its multitude of pilot programmes into healthy recurring revenue streams, then one gets a feeling that there is still time to buy into the story while the market is still down. To read more small-cap news click here: www.proactiveinvesto DIY INVESTING PLATFORMS |
Posted at 17/7/2023 07:36 by purple11 RNS Number : 1438GOndo InsurTech PLC 17 July 2023 17th July 2023 Ondo InsurTech Plc ("Ondo" or "the Company") Waterwise - the leading UK Water Efficiency NGO - makes Ondo an Affiliate Partner Ondo InsurTech Plc ("Ondo"), the London-listed leader in claims prevention technology for home insurers, is pleased to announce a new affiliate partnership with Waterwise - the leading UK water efficiency NGO. Waterwise are the UK's independent conscience on water efficiency and experts in water efficiency policy, regulation, research, behaviour and campaigns. Ondo and Waterwise will collaborate to promote the wise use of water, including supporting the rollout of technologies such as LeakBot that can help reduce pressure on the UK's water resources. Waterwise and Ondo both see an opportunity to bring the insurance and water industries together to help fight the UK's emerging water crisis: ● The UK's water resources are under increasing pressure. We use twice as much water than we did 60 years ago in the UK. We are starting to experience widespread droughts and periodic water shortages, impacted also by climate change. ● UK wildlife is being impacted by the over-abstraction of local streams and rivers. ● 5-6% of GHG emissions are related to our use of water, so reducing household consumption of water is also key to enable the UK to get to net-zero. ● Waterwise believes the UK needs to save in the region of 1,000 Megalitres per day through water efficiency measures to meet future needs. ● Leaking toilets are a surprisingly big part of the problem. Waterwise believes 8% of toilets are leaking 215-400 litres/day (broadly consistent with LeakBot data). If these toilets didn't leak it would save 400 Megalitres of water per day - enough water to meet the needs of 2.8m people This is where LeakBot can really make a difference. LeakBot can reduce household leaks by 60% and the majority of the leakage in customers' homes that we fix is caused by leaky toilets. Full results of the Portsmouth Water pilot are available here. Nathan Richardson - Head of Policy at Waterwise said: "Waterwise have long cited leaky loos as being a huge part of the UK's water waste problem. With LeakBot we can see the potential for a truly scalable solution that benefits both the insurance and water sector and could make a real difference to reducing UK water demand, so we are keen to help support technologies like this get rolled out." Craig Foster, Ondo CEO, says: "We have already learned a lot from Waterwise and they have helped us better understand what a material difference we could make in the UK. Bringing together the insurance and water sectors to deploy LeakBot makes sense, as costs are reduced for both parties and together, we have something really scalable that can have a profound environmental impact." |
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