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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
|
|
|---|---|---|---|---|---|
| 0.50 | 3.92% | 13.25 | 588,478 | 11:00:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 13.00 | 13.50 | 13.25 | 12.75 | 12.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 2.38M | -6.01M | -0.0695 | -1.91 | 11.01M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:28:16 | O | 4,285 | 13.42 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/7/2024 | 11:00 | UK RNS | Ondo InsurTech PLC Notice of Results |
| 19/7/2024 | 14:46 | UK RNS | Ondo InsurTech PLC Holding(s) in Company |
| 24/6/2024 | 07:30 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 12/6/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Ondo presentation at ITC DIA Europe |
| 11/6/2024 | 12:09 | UK RNS | Ondo InsurTech PLC Director/PDMR Shareholding |
| 10/6/2024 | 11:55 | ALNC |  Ondo InsurTech partners expand LeakBot solution into Washington state |
| 10/6/2024 | 10:47 | UK RNS | Ondo InsurTech PLC TR-1 Gervaise Heddle |
| 10/6/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Further US development |
| 06/6/2024 | 07:00 | UK RNS | Ondo InsurTech PLC Ageas UK to trial LeakBot |
| 03/6/2024 | 14:00 | UK RNS | Ondo InsurTech PLC Result of General Meeting |
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 |
|---|---|---|---|
| 26/7/2024 | 16:18 | Ondo InsurTech | 1,403 |
| 14/5/2024 | 13:10 | purple the TWAT is a sad LOSER | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:28:18 | 13.42 | 4,285 | 575.05 | O |
| 2024-07-26 15:16:32 | 13.37 | 32,113 | 4,293.51 | O |
| 2024-07-26 15:16:06 | 13.37 | 8,074 | 1,079.49 | O |
| 2024-07-26 15:13:03 | 13.00 | 10 | 1.30 | O |
| 2024-07-26 15:13:03 | 13.50 | 73 | 9.86 | O |
| Top Posts |
|---|
Posted at 26/7/2024 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 12.75p.Ondo Insurtech currently has 86,366,029 shares in issue. The market capitalisation of Ondo Insurtech is £11,443,499. Ondo Insurtech has a price to earnings ratio (PE ratio) of -1.91. This morning ONDO shares opened at 12.75p |
Posted at 26/7/2024 15:06 by pdt 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. |
Posted at 22/7/2024 01:44 by purple11 ONDO WATCHLIST SELL |
Posted at 19/7/2024 14:16 by hatfullofsky I can't see 10p, selling is taking this down. With the commercial aspects now clear ONDO should be flying but it's a difficult market so I agree it needs news, if only to stop the selling |
Posted at 29/4/2024 08:32 by purple11 Ondo InsurTech Plc("Ondo" or "the Company") Nationwide and LeakBot Deployment Update Ondo Insurtech Plc (LSE: ONDO), a leading company in water leak claims prevention technology for home insurers, is pleased to provide the following update with regards to the Nationwide partnership. On 14 November 2023 Ondo announced a new partnership with Fortune 100 insurance and financial services company Nationwide to offer the LeakBot device to U.S. homeowners insurance customers as part of the insurer's Smart Home Program. The first deliveries of devices have started in Cincinnati, Ohio and St. Louis, Missouri. Nationwide "auto-shipped" LeakBots (meaning sending devices directly to customers, unsolicited). Despite the distribution being unsolicited the installation rate is over 70%, significantly ahead of expectations. Nationwide expects to deploy the remainder of the first 6,000-unit order in the next few weeks, primarily in Ohio. Ondo and Nationwide are now considering which states to expand into next in the coming months of 2024. Sarah Jacobs, Vice President of Personal Lines Product Development at Nationwide said: "We have been pleased with the install rates in Ohio, and we are exploring which states we can expand to next. The team at Ondo have been a great partner so far. At Nationwide we really believe our Smart Home Program will be a key differentiator in homeowners insurance and LeakBot fits perfectly with our strategy". Craig Foster, CEO said: "We are thrilled that the first Nationwide deployments have gone well, and we are now in homes repairing leaks and preventing claims. Nationwide is a key partnership for us in the United States and we are excited to keep exceeding expectations." |
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 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 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 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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