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BandB – well we’re 8 years into the ‘best product’ on the market and even the original parent company gave up on it in 2020! 👇
Leakbot has been in existence since 2016 and was subsequently written off by its own parent company Homeserve, due to demand being “slower than expected”.
Homeserve writes off £15 million leak detector as a pipe dream
https://www.thetimes.co.uk/article/homeserve-writes-off-15m-leak-detector-as-pipe-dream-zjzsjwgvm
After 8 years on the market, you would expect Leakbot to be widespread – unfortunately, it’s not?
Jiggered - ‘Small keyboard warriors’ - if you check back through Ondo RNS list you will see that the chap you are denigrating holds around 3% of Ondo shares, so extremely small fry.
You also fell out on Telegram with Gervaise Heddle who holds over 5% of Ondo shares, and is a former CEO of Greatland Gold.
By the way there is an important exception to the concept of ‘Argumentum ad hominem’.
Many philosophers have observed that questioning a person’s character is a fallacy only insofar as the person’s character is not logically relevant to the debate. You were challenged on Telegram by several people on the basis of your actual behaviour, so your constant parroting of Ad hominem is not relevant.
I recommend that you take on board another useful philosophical concept. “When in a hole stop digging’.
ITS – I don’t think dealing with small keyboard warriors, who then start crying about it, fits the definition of cyber stalking (following several polite requests to desist)?
The offence of cyber stalking is a criminal offence involving repeated threats and harassment (Protection from Harassment Act 1997).
If you actually believe anything that you’re saying, I would urge you to report the matter to the police and ask them to investigate it. Please let me know how much of their time you waste and the result?
Again - ‘Argumentum ad hominem’
Anyway, back to the real world and the company.
I hope you enjoy the rest of your weekend.
Jigger seeking the moral high ground! The man who had to exit the Ondo Telegram group because of his own dodgy behaviour.
You cyberstalked one of the contributors in the Ondo group, and shared his personal information on the group in a misguided attempt to intimidate him. Constantly spouting ‘Ad hominem’ is hilarious coming from someone who behaves as you have done.
Hi
Come back in 10 plus years people can’t see the wood for the trees sometimes Ondo best on the market
Gla
I'm not sure how smart metering is as an opposition to the "ONDO" plan! Can someone explain?
How does Smart Metering pose a threat? Does it have software that can detect out of hours water usage based on a ongoing algorithm build? Furthermore, reporting this to supplying companies? IF so, does anyone have any evidence or links on which I can read through?
Thanks
ITS,MF - Thank you for engaging with me and for your personal opinions about the company’s ongoing issues.
I don’t agree with most of your rationale for several reasons (which I’ll try to reply to later when I have a bit more time).
However, can I respectfully request you consider the below, regarding the specific comments about me please:
‘Argumentum ad hominem’ – a type of argument or attack that appeals to prejudice or feelings or irrelevantly impugns another person’s character instead of addressing the facts or claims made by the latter.
https://www.youtube.com/watch?v=ktxlGccmSjY&t=54s
My motives are to make sound investments decisions based on research (sometimes bullish & sometimes bearish). I assume most other investors, also prefer to hear both sides of the debate.
If you’re seeking ‘confirmation bias’, you may wish to participate more in the other closed chat group you have referred to (there is still plenty of that bias continuing over the last couple of days).
I’m sure anyone reading posts on here, is more than capable, in deciding whether to ignore the information or take it into consideration (no matter who it’s from).
If you feel able to stick to the company issues without resorting to ‘Argumentum ad hominem’ in future posts, I would be very grateful.
I hope you have a pleasant day.
“When the debate is lost, slander becomes the tool of the loser.” – Socrates
I think a problem right now is people are not understanding how liquidity can affect a stock for both the good and the bad.
People have seen the price drop and are automatically assuming something must be wrong, when that to me clearly isn't the case.
Look at the price drop today - red day but its off the back of just two trades for less than £10k, absolute peanuts
With there being very low liquidity in the stock at the moment, if someone wanted to sell some shares the price ends up having to drop a fair wedge to find the trade point.
Equally however this means that when the good news comes (which I am extremely confident it will, as all signs point to it) when punters want to buy in there will be f all stock to buy from so the market will have to jack the price way up to entice holders to sell.
Personally I think the trading update RNS was perhaps a bit reactionary to a falling share price, but the update was GOOD! CF clearly stated that the company is hitting all the targets the brokers expected, which is f'ing brilliant.
I also wonder how much of it was an unfortunate cycle of closing spreadbets as it used to be open for it till recently.
One guy closes causing a sell, so price drops due to low liquidity, so next chump gets an auto margin call, causing another drop, causing the next guy etc etc. Now they've blocked opening positions.
So that's out the way, volume is back to its insignificance and we move on with our lives till the next update (which I believe will be a whopper)
Gallmat - I think you have to be very careful listening to the output of posters like Jigger who are clearly working to a ramping/deramping agenda.
If you look back at his posts here, he was overwhelmingly bullish until quite recently. Then as if someone had flicked a switch, he started posting highly selective negative content. Nothing in the Ondo business changed over this time, but his motives clearly did.
Following people with an agenda can be very damaging to your wealth.
I don 't know the history on the other poster. But portsmouth saying they are only interested in 2500 units over such a long period is not great.
They do validate leakbot but essentially say smart meters are a good route to solve the issue.
All excellent points Magee. You clearly have a more detailed and balanced understanding of Ondo than Jigger.
I noticed that on the Ondo Telegram group, Jigger was highly disruptive, engaging in blatant deramping activity.
His ‘research’ was so selective that people started parodying him. He didn’t take this at all well, and when his highly unethical behaviour was challenged he bailed out from the group knowing a ban was imminent.
The Ondo Telegram group is very well informed, and the consensus from the active participants was that as a deramper Jigger should be ejected from the group.
He does not engage with other posters, and respond to their rebuttals of his claims. He simply broadcasts negative ‘research’.
I would take anything Jigger says with a massive shovel load of salt.
Furthermore in response to Jigger who is attempting to be very selective with what he posts.
Portsmouth Water
You allude to them preferring smart meters yet they themselves, in the report you posted say:
"We carried out a trial with 1,000 customer households in which
we provided home leak alarm devices, ‘Leakbots’. The trial
demonstrated an overall saving of 30 litres per person per day
through a combination of leak detection (found in 24 per cent
of homes) and nine litres per person per day through high use
alerts – attributed to internal plumbing losses. We plan to offer
2,500 devices to customers during 2025-30 to help reduce leaks
and save water in households ahead of the transition to smart
meters for all."
So just as I just said, they themselves are:
A) Agreeing Leakbot is a VERY useful tool
B) It is so useful that they themselves will be buying them
Way to prove how good the product is, and to show how it will take years for water smart meters to be installed 👍
H2Know
So a similar product yes, that uses accoustics instead of temperature to achieve the same thing. Yes there is a question as to which is better, which is a combo of cost and sensitivity (my money is on thermocouples being way cheaper and more robust than acoustic equipment).
But did you click on the link you posted? Wheras Ondo is signing contracts and is at a consumer sales stage, H2Know seems to be at proof of concept stage - so way behind
Title changed to a more appropriate one than the one Jigger is trying to force (btw he is a known deramper of the share for months now)
To address the smart meter angle, the company is called Ondo INSURtech. Water companies are an angle the company is pursuing yes, but the primary focus is and always has been insurance companies.
Despite being around for ages now, only just over half of homes in the UK have smart electric meters and installing smart water meters will take an awful lot longer. In that time insurers will have spent billions on water damage claims.
There is however a solution (Ondo) that is proven in trials to immediately help, so much so insurers are giving away both the product and money (in the form of discounts) for free to their clients.
So why would they wait for some long drawn out smart meter revolution in the future when they can send out a cheap, clip on, awesome device and start saving money literally instantly.
Even if smart water meters are deemed to be the future, even the water companies are realising that you might aswell ship these out to plug the gap and what will ONDO will do in that time? Bank loads of cash for share holders.
The argument just doesn't make sense to me. I wonder if someone somewhere is kicking themselves as they 14 years ago told their friends not to invest in Electric cars like Tesla as Hydrogen was the future so they should ignore that stock. Sure, hydrogen could be the future but that doesn't mean the world won't churn out EVs till then
As an investment, even if you're a hard core believer that smart meters are the future amd this product will become obsolete it doesn't take a rocket scientist to realise how small the company currently is and how few % of households need to take this up to significantly multibag your money
You're talking like its an end stage product that's already peaked lol
In the interims there were 84 000 registered users on the platform. Agreed, frustrating that in the trading update there weren't more numbers but just spend 5 minutes looking and you can see:
-There was confirmation that by next month all 6000 of the SW Water units will have shipped.
-In January they announced that 7500 units were to be shipped to Denmark by end of March
So those two small, confirmed contracts have added 16% growth to the interims numbers.
And that doesn't include:
-Lansforsakringar now rolling out all over Sweden
-Nationwide starting to roll out in Ohio
-Selective rolling out in New Jersey
Imo if you can't separate company performance from share price performance, especially in a stock with this little liquidity - these kinds of stocks aren't for you in the first place