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Some nice buys going through
A buy it was....onwards and upwards now.
"And the cow jumped over the moon"
I'm pretty sure that 250k is a buy but being reported as a sell, we'll see on Tuesday........;-)
Thought the tide was turning until the 70k and 250k sell at the close.
Gonna take a bit longer to get sentiment back
Agreed, topped up again today.
Buyers are back, vastly oversold, great value here at this price
Volume is derisory for the drop. IMO there's a few trying to test how far it can drop..
The model is still excellent [ recurring rev and insurer marketing]- smart meters are totally different - so that was just a ruse. Insurance!!. I can only assume it has dropped 50% this year as we haven't has new contracts every month, along with a bit of boredom and a bit of botty wobbling.
£15m written off because they are growing cautiously - GLA
Need monetary figures all these tie ups are great but need figures etc
Gla
None apart from it being shorted to death on Nas listing because it was a spac listing
Interesting. What are the issues with that stock? Do you follow it
Be careful - MDAI moved to nasdaq at 60p, now 17p. Shorts kill smaller tech
$23m for a co with FDA breakthrough tech, no competition, $15b market and $250m gov funding for US rollout.
Frustrating, another deal with Nationwide will help plus another US company. Relist in the US would be my choice, London is a back water.
What’s it going to take to reverse this trend?
Well said.
ondo is doing fine for a company of only £13m mktcap and in this early stage of it's lifecycle
mr negative can do one
Lets just stop this.
The board is unusable if it is just rants and insulta
Why has Sarah Jacobs liked the post with her comments on then Jigger 1 you numpty or don't you use linkedin
Final thing. If this company did start to get traction in usa, i could.imagine them considering a US listing where the stock market gives credit for progress.
Only in the uk do you have a company with unique IP, discussing with major insurance companies in 2 countries and people ignore blue sky. Just are we at break even yet?.
The american stock market rewards ideas..that is why tech in uk small caps is so poor. Do we expect companies to be cash generative so fast?
To answer most points rationally and concisely
Yup there might be delays and so the price fell to reflect this. Do the delays bother me given a much lower price? I am not sure.
Nationwide made bullish statements. Sweden delayed due to app.integration.
I think a placing might have been needed regardless of performance with so many ongoing partnerships.
Each to their own. But no need to clog up the board with so many negative points.
Jigger. Please stop this.
Does a post really consist of 10+ negative items
Thanks for your enlightening posts, I will sell up and move my funds to CORO, well maybe in the next few years time.
The 90% drop in price in the last couple of years makes a potential 5 bagger in the near term, as you have posted.
Good luck with your investment strategy.
Give it a rest.
Clearly you are not a share holder.
ITS – aka AE, aka MF etc etc
The bad news with Nationwide - was that there was a ‘news blackout’ about Leakbot.
The latest RNS has improved matters slightly. However, only 6,000 units with their largest insurer and no more confirmed rollouts over the ‘coming months’, places the company’s near term growth numbers in serious jeopardy.
I’ve been warning about growth in this company for approx one month now.
During that period you have not recognised any of these issues and promoted the company without question.
Yet, in that time, the share price has fallen c.30%!
So, I think I may have been more right than wrong here.
These are also the other red flags still to consider, such as: 👇
- The company’s credibility - by inferring that no placing was required last Nov, then arranging one just 9 days later
- Overpromising growth\progress last December and failing to report any meaningful execution to date
- No new significant contracts signed
- Very poor news flow from the company (until very recently following a crashing SP)
- No contracts or progress updates resulting from current projects i.e. IAG, the ‘rapid’ G4S pilot etc
- Low interest from water companies i.e. Portsmouth Water
- General market conditions regarding future placings, AIM cancellations etc
- Competition from Smart Meters & AI\technical improvements
- A saturated market of other leak detection devices
- Questions regarding the delivery and execution of existing contracts e.g. Nationwide rollout in Q1 (they’re late), South West & Portsmouth Water etc
- A ‘failed’ emergency trading update - in an attempt to shore up the SP (containing no news of substance but resulting in the market dropping the SP a further 7% on the day)
- No growth numbers provided during the trading update – why the silence?
- Questions regarding another placing being required in the short term (what would new investors now demand with a falling SP – warrants, major dilution etc?)
(see my recent previous posts for rationale and relevant links)
IMHO
2PHV - Cassiopeia Services is run by Stefania Barbaglio, who is a non executive member on Ondo’s board.
Unfortunately, she’s about as BIASED as you can get!
As mentioned the other day Jigger 1 should of spoke directly to the person from Nationwide mentioned in the original RNS before spouting defamatory rubbish here's an IMPARTIAL linkedin post confirming the deal and the fantastic feedback so far and Sarah has personally publicly liked the post if you click on the likes
https://www.linkedin.com/posts/cassiopeiaservicesltd_london-stock-exchange-london-stock-exchange-activity-7190677953632952320-VdZD?utm_source=share&utm_medium=member_desktop