Ben Clube, CEO of EnergyPathways, updates investors on progress at MESH. Watch the interview here.
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I think both sides are true.
Progress of new installs.has been slower, but that is out of control of CEO's hands. CEO keeps plugging away
IMO price is slow as slower rollout, slower profitability, more chance of fund raise.
Ps; the market take up hasn't proved as strong as expected this year hence why i think it's been marked back down for most of it - we havent experience a flood of deals so far
I think perhaps one of your statements might be a little incorrect there ;-)
Loveless
Clearly you have no idea about how to build a business.
If your invested you should be happy about the hard work
Craig and the team have put in to build this business.
Craig certainly is enjoying some nice global trips but needs them to start converting into sales else they are just an expense
Let the company get started first, its early days!
You have to wonder at what price a takeover becomes tenable.
Does seem to take much volume to push this price down. This is such a disappointment after excitement the back end of last year.
Yes
18.1 million sorry ?
Is that the MDAI that is has an Mcap OF 181 million now ?
Trust me it will not. MDAI, great tech monopoly, $15.5b market and $250m US gov funding dropped from $19 to $1 as naked shorted to oblivion - its a crazy and uninformed market
I think that would be better for the share price, a US listing
Looks like we are destined to be a US company. That means we either list there or are bought by a US company. Sad to think another British company might disappear. But at what price?
CEO really comes across well and it is easy to see him holding his own with big companies.
I do feel the market is holding back due to lack of units. When they announced nationwide they needed to demonstrate more balance sheet strength
So I agree they need more revenue from existing customers as the though of a raise is always there.
I find it strange the scandi and uk businesses have not really increased deployments at much faster rates
FYI
https://x.com/foster_ideas
https://x.com/OndoPlc/status/1842085639002505505
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Craig Foster’s posts
Craig Foster
@foster_ideas
·
1h
#ONDO I (apparently successfully) managed to follo Sir
@martinsorrell
at the
@DowgateCapital
Digital Transformation Conference on Tuesday. We recorded segments of the presentation for broader consumption. Here's why we are excited about the USA! #InsurTech
Post
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Ondo InsurTech Plc
@OndoPlc
#ONDO aims to establish itself as an industry standard in the US.
🔹We anticipate significant expansions with existing partners & new announcements
🔹Our unique solution addresses a significant problem in the market
🔹Potential for a return on investment on a mass-market basis
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The key will be monthly units shipped. Investors want to see all these insurer contracts converted into high deployment rates. News of additional contracts isn’t moving the needle, so it has to be shipment data.
Anybody got any ideas what is going to kickstart the sp upwards ?
Slower but not slow. Craig has now changed the business model so no cash flow issues as large up front payments are now the norm.
This is on my watch list. The takeup is slow but if it starts it will be great.
Main issue is cashflow in slower ramp up, many just therefore take the wait and see approach.
AGM feedback (poached from telegram)
Feedback from the AGM:
All resolutions passed overwhelmingly- as expected.
Good discussion after the formal section, focusing on deployment.
Craig shares retail investor frustration with pace of deployment and is very focused on accelerating this.
Slow roll outs have been a result of sluggish implementation by the insurers. Bureaucracy rather than any issues on the Ondo side of the partnerships.
I remain very positive on the business, and am confident that as volumes finally start to climb strongly, retail interest will build and SP will resume an upward trajectory.
Yachty - it is primarily down to the US market. Craig was very positive about our outlook in US.
He highlighted that Ting volumes went through exponential growth rather than straight line.
Craig is investigating how much Ting are charging & the ROI for the insurers. He believes they are charging more per month than we are. Water leak claims are much more common than those for electrical fires (although cheaper to rectify) so I think we could emulate the scale & speed of the Ting growth.
Https://x.com/OndoPlc/status/1838824504383942793?t=R7GTv3l4kEVHCz56o2nOqw&s=19
#ONDO Andreas Fahlstedt from LF Sormland discusses a successful distribution of LeakBots to their insurance customers:
📈Customer numbers grew for a 1st time in years
🔹50% take-up rate
🔹Free device distributed to 40% of customers
🔹Easy installation taking only a few minutes
All good and positive on the Telegram chat
Any reaction from anyone who went to the AGM?
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