Member Info for Andii

Sorry to stick my thumb in, i know a lot about the RR industrial engines from working O&G but just wanted to throw a cross ramp in for another UK tech stock if anyone wants to have a look.

ONDO insuretech and their leakbot device is my pick next year as they have recurring revenue kicking in to produce a profit for the first time around about feb/March. They sell water leak detection devices to households via the insurance companies and it saves the insurer from paying out, pays ONDO a subscription fee and fixes the customer's plumbing defects as part of the package. Everyone wins. Some insurers then pass on a discount on the home policy ($1400/year average in the US) They have a net promoter score of 86 as well which is pretty solid.

The techy bit is its an IoT device with thermistors(i assume, maybe RTD), originally a raspberry pi. It clips on to the mains water pipe and measures the difference between ambient temperature and the inlet pipe temperature. Same principle if your hot water tap is dripping the tap is warm. So leakbot knows when there is a drip in the night when the water usage should be zero. They now have their own board and manufacturing capacity to make 40k leakbots a month. They currently approaching 10k a month units and ever growing offers from the insurers they are partnered with. Nationwide are the most proactive, they incorporate the leakbot with a ting device in their smart home package. The ting plugs into the mains and senses frequency fluctuations and earth leaks indicating an electrical issue which would go on to cause a fire. 1m odd Ting devices deployed over 4 years, Ondo are 2 years behind and have 200k deployed currently. Interm results due december with an announcement on a new hot weather device suitable for Australia/hot countries. The insurers buying bulk and pay up front so should be a winner long term! $5/month subscription fee

What is the story here? I like a good growth stock with a good product. Ondo is my pick this year as they have recurring revenue kicking in around about feb/March time. They sell water leak detection devices to households via the insurance companies and it saves the insurer from paying out, pays ONDO a subscription fee and fixes the customer's plumbing defects as part of the package. Everyone wins. They have a net promoter score of 86 as well which is pretty solid.

Https://x.com/foster_ideas/status/1989006645070860725

Nationwide loving the leakbot

800k of orders in the 8:45 auction this morning. No sellers so they were not filled.

Depends if you relist before RTO or not. After IPO, the total market capmof marula plus euz could be £20 or more.million. Current EUZ holders will own around 1/3 of the shares so the value of your holding will lielly drop. But you will get a payout before then for the outstanding shares due to EUZ shareholders?

The value of a future marula/Euz company will be determined by how much and how long it takes marula to start earning regular revenue, and how much the market likes that news

Going by L2 there were almost 1million shares bidding at todays 13:45 auction. Only 112k of them were filled. (Auctions happen at 7:45, 8:45, 10:45, 13:45 each day and last 15 minutes)

We saw 250k and 350k buys the other day following the 8:45 and 10:45 auctions. It seems like there are some building large positions here underpinning the share price.

Following yesterday's stockbox interview, Craig mentioned the round table discussion with Nationwide. Here it is again;

https://fast.wistia.net/embed/iframe/zujzsuecna

Https://youtu.be/Ljo2JpS4_M8?si=McZUQBp2xA_WBw5z

Stock box interview just out with Ondo chief executive Craig https://youtu.be/uGTB4onUdkk?si=9t4kvdLwQzxoO1sD

Had loan on my mind for some reason. So non committal access to funds against new shares. Can we elect to only utilise the facilities at much higher share prices following good news? Will there be a prospectus? Is 100% of Europa's tax losses available to Marula new Co. ?

Someone on telegram suggested that Europa need to get a RTO compelted by the 14th of november otherwise their shares will be cancelled from trading? Also, they have $A46m of tax losses to use up? (£20m ish)

The $2m riverfort loan is on much worse terms than the £25m loan. And we are under no obligation to utilise the loans if we dont need. Also, the shares issued against the loans could be much less if the share price increases so Jason can wait for a better share price before using these funding options.

This should satisfy any going concerns now from the auditor and gives us the financial muscle to take any number fo the near term.revenue projects forward to profitability relatively quickly. (We hope!)

3 revenue producing mines this quarter according to the RNS's. This must mean Kinusi copper, Kilifi manganese and the new high grade manganese mine Gakara

Investor33, I have had MAtD on a watch list for 7 years and only just now saw a clear path to profitability. Many others may be the same and missed the last RNS or waiting for proven BOPD upgrade

Https://news.nationwide.com/qa-what-a-15-billion-technology-and-ai-investment-means-for-nationwide-financial-partners/

Nationwide spending $1.5b on smart tech over the next few years. Wonder how many leakbots they will buy? £200m worth??

Around 19:20 the CEO introduces the technical chief operating officer (19:50) who discusses the details behind past and future wells. Video from 30th July so worth bearing in mind more recent updates

https://youtu.be/0zhzbYivPvc?si=76kjMX_szKSXnKcZ

ADW189 maybe just generalise what you have been researching with a few links from time to time instead of paragraphs of ad-nausiem punctuated with attacks on other posters. We have heard 20x about cancer and we dont need a running commentary on your shadow account, its almost just as boring to read. N

Maybe take note. Its making the board unreadable and doing the opposite of good. Thanks

The 5 year chart looks interesting. Note previous moves on RSI show we could still have some momentum north

https://www.tradingview.com/chart/GH7iRpw4/?symbol=LSE%3AMATD

September 2021 s.p 2.73 =£25m market cap, oil = $70/barrel (no wells flowing)

April 2022 s.p 4.5p = £42m market cap, oil = $100/barrel (no wells flowing)

October 2025 1.45p = £26m market cap, oil = $61/barrel (currebtly 160bpd with 2 wells being flow tested, see below)

938,921,744 shares in 2021/22

On opening the well, gas and oil flowed to surface without the need for artificial lift. The first flow period of the test was conducted on a 1/8 inch choke and the well flowed at a stabilised rate of 160 barrels of oil per day (bopd). The second flow period on a 3/16 inch choke flowed at 300 bopd and on a 1/4 inch choke a rate of c. 460 bopd was achieved. No formation water was observed throughout the flow periods. Oil gravity has been measured on site at 43º API which is similar to Heron-1 crude. The well has now been shut-in to gather pressure build-up data.

Question 45 in the recent investor meets company Q&A;

What's the broad relationship between the number of customers and the number of plumbers required to service those customers? For example, one plumber for 5,000 households?

This dependant on the Year 1 / Year 2 + splits which impacts job frequency roughly it is between 3 - 5k of devices in year 1 , Year 2 onwards it is more like 8-10k in a state.

https://www.investormeetcompany.com/meetings/full-year-results-240

Not sure Red, I've asked in the telegram see if anyone can find the source.

NEW interview today featuring Gervaise Williams favourite stocks

ONDO featured from 24 minutes

https://www.youtube.com/watch?v=9RqF0YPcxaE