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Pin to quick picksOndo Insurtech Share News (ONDO)

Share Price Information for Ondo Insurtech (ONDO)

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Share Price: 12.75
Bid: 12.50
Ask: 13.00
Change: -0.70 (-5.28%)
Spread: 0.50 (4.00%)
Open: 13.50
High: 12.55
Low: 12.55
Prev. Close: 13.25
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TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

Tue, 16th Apr 2024 20:19

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Ondo InsurTech PLC - London-based claims prevention technology firm - Issues trading update. Reports progress in the first-half continued into the second half of the year and was in line with management expectations. As a result, expects the out-turn for the year to March 31 to be in line with current market forecasts. Reports cash balance of GBP0.4 million as at March 31.

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Baron Oil PLC - London-based oil and gas exploration company - Provides update on operational activities and plans on the TL-SO-19-16 production sharing contract, offshore Democratic Republic of Timor-Leste. Says all operational work related to the site survey at the planned drilling location for the Chuditch-2 appraisal well has now been successfully completed. Some delays occurred during both the geophysical and geotechnical phases of the survey, principally caused by weather conditions and a few other operational issues, but the work has now been completed, and at a cost significantly below the approved budget. Detailed investigation of the location initially chosen for the Chuditch-2 well revealed an irregular seabed that would be unsuitable for placement of a jack-up drilling rig. As a result, a new more appropriate location has been chosen. In parallel to the site survey operations, drilling planning has continued at a good pace. Chief Executive Andy Butler says: "The successful completion of the Site Survey, leading to the selection of an improved drilling target location with optimal seabed conditions, is another key milestone towards drilling the Chuditch-2 appraisal well."

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Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Amends heads of terms for the acquisition of Rome Resources Ltd. Says will now pay GBP11.8 million instead of GBP15.9 million for Rome Resources to be settled by the issue of shares. As a result, for every one Rome Resources share held, Rome Resources shareholders are now anticipated to receive 19.54 shares in Pathfinder. Also agrees to extend the previously announced long-stop date of April 15 to June 21.

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System1 Group PLC - London-based marketing and brand consultancy - Issues trading update. Reports fourth quarter revenue of GBP8.7 million, up 30% from GBP6.7 million the year prior. Full-year revenue totals GBP30.0 million, up 28% from GBP23.4 million. Notes Platform revenue growth remained strong at 37% in the quarter and 42% for the year buoyed by the successful launch of TYA Pro+. Explains more than 50% Platform Revenue growth in the quarter came in the US. Platform revenue comprised 87% of group sales in the quarter and 82% for the year as a whole, rising from 74% the year before. New business performance was strong throughout the year, with over 250 new clients providing just over a quarter of total revenue. All geographic regions achieved substantial double-digit revenue growth for the year. Expects annual pretax profit of GBP2.8 million, up from GBP2.1 million the year prior, ahead of market expectations.

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Corcel PLC - London-based mining and resource development company - Says notified that Extractions Premium & Mining Ltd which currently holds around a 21% interest in Corcel, has entered into a put option agreement with Richard Jennings and has cancelled the call option agreement previously announced on February 29. Under the terms of this agreement, Jennings has the right from April 16 2024 until September 1 2024, to sell up to 99 million shares of the company to EXT, representing 4.9% of the ordinary shares currently in issue, at a price of GBP0.0075 per share.

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Eleco PLC - London-based specialist provider of software and related services to the built environment through its operating brands Elecosoft and Veeuze - Announces that its wholly owned subsidiary Elecosoft Ltd has acquired 100% of Vertical Digital, consisting of Vertical Digital SRL and Sons of Coding SRL for an initial EUR1.3 million. Explains deal will be financed from internal cash resources. Notes Vertical Digital has a proven track record, in providing agile and innovative software development, technical consulting and upskilling solutions across many European and multinational end-customers including Lufthansa Technik, PwC, VW Financial Services, Deloitte and Zoopla. Notes the deal provide for a cumulative potential deferred and contingent outflow of a maximum total of EUR250,000 payable in 2026, based on specific revenue and profitability performance targets.

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Regional REIT Ltd - commercial property investor - Announces that Lightyear, a Grade A office near Glasgow Airport, is now over 90% let with a contracted rental income of GBP1.3 million per annum and in-line with its estimated rental value. New tenants include Heathrow Airport Ltd and Rolls-Royce. Lightyear is a flagship building in the Glasgow Airport office park. It is the 13th largest asset in the company's portfolio, accounting for 1.8% of the total portfolio value at GBP12.3 million.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
10 Jun 2024 11:55

Ondo InsurTech partners expand LeakBot solution into Washington state

(Alliance News) - Ondo InsurTech PLC on Monday announced further advancements to the expansion of its US operations.

Read more
15 May 2024 21:43

TRADING UPDATES: Future Metals celebrates state government grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
13 May 2024 18:42

IN BRIEF: Ondo InsurTech plans to raise GBP4.2 million

Ondo InsurTech PLC - London-based provider of claims prevention technology for home insurers - Plans to raise GBP3.0 million via a placing to new and existing institutional investors at 14.0 pence per share. Further, proposes to raise GBP1.2 million via open offer at the same price. Terms of open offer are 1 new open offer share for every 10 existing shares. Net proceeds to be used to establish an administration and service support centre in the US; build and expand operations across the US; and provide working capital to finance growth in rollouts.

Read more
29 Apr 2024 17:14

TRADING UPDATES: RentGuarantor revenue up; Aura progresses Tiris

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
26 Feb 2024 09:33

Ondo InsurTech shares up on agreement with South West Water

(Alliance News) - Ondo InsurTech PLC on Monday said it has signed an agreement with South West Water to reduce water leaks in the south west of England.

Read more
21 Feb 2024 11:43

IN BRIEF: Ondo InsurTech inks Leakbot deal with Selective Agreement

Ondo InsurTech PLC - London-based claims prevention technology firm - Signs agreement with Selective Agreement Group for the use of Leakbot. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.

Read more
3 Jan 2024 10:13

Ondo InsurTech expands distribution deal with Danish insurer

(Alliance News) - Ondo InsurTech PLC on Wednesday said it has agreed a deal with LB Forsikring to increase the distribution of its LeakBot technology in Denmark.

Read more
30 Nov 2023 21:10

EARNINGS AND TRADING: Dispensa and SkinBioTherapeutics losses widen

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Nov 2023 16:15

Ondo InsurTech interim loss narrows as revenue growth outpaces costs

(Alliance News) - Ondo InsurTech PLC on Monday said that the need for its product was growing as it announced a halved half-year loss as revenue increased faster than costs.

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14 Nov 2023 12:12

IN BRIEF: Ondo InsurTech surges on Nationwide partnership

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Partners with Ohio-based insurance and financial services firm Nationwide to offer Leakbot device to US homeowners insurance customers as part of its Smart Home Program. "This new offering will help to fill a common protection gap that many homeowners may face", it says. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak. Says it is working with Nationwide towards the first state launch, which is scheduled for early 2024.

Read more
13 Nov 2023 15:48

UK shareholder meetings calendar - next 7 days

Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
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Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 Sep 2023 15:55

UK shareholder meetings calendar - next 7 days

Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
15 Aug 2023 10:55

IN BRIEF: Ondo InsurTech Non-Exec Morrison sells GBP180,000 in shares

Ondo InsurTech PLC - London-based claims prevention technology firm for home insurers - Non-Executive Director Andy Morrison sells 600,000 shares at a price of 30.0 pence each, worth GBP180,000, in London on Monday. Following the transaction, Morrison is now interested in 3.0 million shares, a 3.8% stake.

Read more
9 Aug 2023 12:07

Ondo InsurTech agrees deal with Southern Water to introduce LeakBot

(Alliance News) - Ondo InsurTech PLC on Wednesday said it has agreed with Southern Water to introduce LeakBot and "drive water efficiency" within their area.

Read more

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