Ondo Insurtech Plc

0.50 (2.82%)
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
  0.50 2.82% 18.25 67,847 08:13:52
Bid Price Offer Price High Price Low Price Open Price
18.00 18.50 18.25 17.50 17.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 0.00 -0.58 - - 12.44
Last Trade Time Trade Type Trade Size Trade Price Currency
08:04:45 O 6,717 18.38 GBX

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Date Time Title Posts
30/5/202308:27Ondo InsurTech284

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Ondo Insurtech (ONDO) Most Recent Trades

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Ondo Insurtech (ONDO) Top Chat Posts

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Posted at 12/5/2023 21:31 by tom5boy
Potentially we could see the share price north of 50p within six months.

With the recent announcements this may prove
to be conservative.


Posted at 03/5/2023 15:14 by hamidahamida
Obviously they are going to need more money to implement WNS orders when they come, my hunch is WNS might take a serious stake in ondo Now the question is at what price Market price = Demand for shares Premium price = Massive orders coming Discounted price = all hot air
Posted at 02/5/2023 10:16 by come2papa
Just think people ONDO have signed up with a monster that handles millions and millions of claims ever year on behalf of home insurance companies and this monster client WNS is sticking their neck out and guaranteeing ONDO product. Which saves the insurance industry billions and billions of dollars on water leak claims Let the sink in IMHO Ondo should be worth 1 quid
Posted at 02/5/2023 10:13 by come2papa
Just think people ONDO have signed up with a monster that handles millions and millions worth of claims ever year and that monster client is sticking their neck out and guaranteeing your product which saves the insurance industry billions and billions of dollars on water leak claims Let the sink in IMHO Ondo should be worth 1 quid
Posted at 02/5/2023 10:03 by come2papa
Massive order from WNS could land any day Remember WNS handle millions of claims for big insurance companies in USA Remember WNS are so confident that ondo would save the insurance companies billions that they have taken the BOLD step of underwriting all loss risk if ondo does not save them any moneyA win win situation for insurance companies 17 billion dollar worth of claims Ondo would save them 40% BIG ORDER COMING Can you imagine what that would to share price of 7 million capped tiny company
Posted at 27/4/2023 10:19 by 7rademark
I'm sensing a rapid rerate here, with so few shares in issue it's not difficult to see multiples of the share price given the recent news.
Posted at 24/4/2023 10:28 by hamidahamida
ONDO has the Only patented tech that can save Home Insurers Up to 70% on 17 Billion dollars domestic water leak claims in UK and USA alone ever year..Game Changer RNS.One of the biggest listed claims handler company WNS valued over 4 billion dollars in USA signs up to offer insurers ONDO product and service on risk free ( NoSaving NoPayment) basis.
Posted at 22/4/2023 08:25 by dcgray21
Couple of big deals , get the share price past 25p and get the warrants exercised will bring in £3.5m . Then onwards
Posted at 20/4/2023 13:13 by sphere25

We see so many penny shares over the years and it is so easy to get drawn into the potential, jam and ramping. Numbers start to get written down on spreadsheets and calculations done on how much the shareholding will be worth at x, y and z price.

"I am going to be rich! Rich I tells thee, rich beyond my wildest dreams!"

Ultimately though the near majority end up causing value destruction with many dreams completely dashed. Naturally there are trading spikes and moments of euphoria where short term momentum is so fierce, many market participants can profit. That is what I normally try to do with most shares, especially any penny punts.

Almost everyday there are news items out from some penny punt share or the other with the near majority ignored. However, this one has caught the eye. It is still Penny Punt Land and it is high risk, but they appear to have something here, which makes alot of economic sense, and could actually end up delivering shareholder value.

I am not an industry expert, perhaps others can add more here, but looking in here and thinking whether this is worth keeping a longer term eye on. Taken a speculative small position for now just to ride the momentum and see if the buying does keep coming in.

There isn't much on this company out there. It is very below the radar but a couple of interview links with founder and CEO here:


Some interesting points:

- The trials have been leading to sales, which have then lead to a rollout across all the insurers businesses
- Consistent results in lower claims cost for insurers
- Economics stack up. Average underwriting claim cost of $200 in the US on a water damage claim. A 70% reduction achieved with a device install so $140 gross cost saving. Ondo can roll it out for $50-$60 a year so it does stack up ---> recurring revenue business
- No direct competition with the only real alternative to get someone in to cut into a water pipe to install a device so a much higher cost and less practical option
- Patented device that you just stick on the water pipe entering the property
- New unheard of route into the market with a big player guaranteeing an indemnity saving which should lead to a greater chance of substantial growth
- Plumbing business but with a tech side (CEO called it "essentially a tech business") and looking to develop new tech
- There are also some comments on UK water regulation which could provide growth

For such a tiddler, there are alot of positives. Surely WNS don't take it and then underwrite it in this unorthodox way without seeing some big numbers. The problem is there are no forecasts I can see and the CEO couldn't put any numbers to this news either.

It sounds like it could be big, but you know how it is in Penny Punt Land, and the bar has to be set low. We'll have to see how the financing needs pan out, but if the market really gets behind it (exchanges are currently sat at a very notable 13.4m without delayed prints already) with continued buying, it gives room for a raise at a much higher level too.

From a short term trading perspective, the price is consolidating the gains at around this 12p mark. If it can hold here through the afternoon, then you can potentially get a bullish move into the close for more momentum tomorrow, but this looks like one to stick on a longer term list, and just keep a tabs on to see how the numbers come in.

I wonder how the market will look back on an announcement like this in years to come. Will it follow through and deliver or will it be another high risk penny play that ended up in the graveyard of non-delivery?

Well, there you go. Some food for thought on a high risker.

All imo

Posted at 09/11/2022 08:29 by tomboyb
Ondo InsurTech PLC
Hiscox signs contract renewal for LeakBot in UK

RNS Number : 7509F
Ondo InsurTech PLC
09 November 2022

9 November 2022

Ondo InsurTech Plc ("Ondo" or "the Company")

Hiscox signs contract renewal for LeakBot in the UK

Ondo InsurTech Plc ("Ondo"), the London-listed insurtech company which aims to be the leading provider of claims prevention technology for home insurers, is pleased to announce it has signed a renewal contract with the international insurance group Hiscox, an early adopter of the Leakbot system.

Following the success of activity in the last 3 years, the contract will see Hiscox continue to offer LeakBot to new and existing customers through its direct customer journey and broker network.


- Early adopter Hiscox will continue to roll out the LeakBot system in the UK following the success of activity so far.

- New and existing customers will continue to be offered a LeakBot via direct and broker channels.

Hiscox is a leading specialist insurer in the UK, with over 60k home insurance policies. Hiscox have been benefiting from introducing the LeakBot system since 2019 and plan to continue to roll out devices to more of their customer base.

The new signing follows the release of the Consumer Intelligence independent research which found that insurers save 70% in water damage claims by introducing LeakBot.

Cheralyn Perry, Head of Art and Private Clients Distribution at Hiscox, says: "LeakBot have been helping Hiscox customers to minimise the frequency of leaks and the impact of any water damage for a while now. Escape of water incidents is disruptive and costly, which is why preventative technologies like this are so important. We're pleased to be continuing our partnership with LeakBot as the results so far have been excellent."

Craig Foster, CEO of Ondo InsurTech Plc, says: "Hiscox were one of the early adopters of LeakBot and we're proud of the success we've seen with Hiscox so far. We look forward to continuing to support them with their efforts to increase the rollout of LeakBot to their new and existing customers."

Ondo Insurtech share price data is direct from the London Stock Exchange
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