Member Info for BuyAndHoldd

Thanks Bob

Agreed Bob, good news so far today.

Any inside news from your old colleagues?

From memory I thought it was £90m outstanding but just looked back through the RNSs and can't find it

...despite closing down Mach49 after dismissing 3 executives. How can this be good news?

Good week for the ONDO SP, back in the 30s, the re-rate has started.

The article suggests a re-rate of 50%, 42p from 28p, based on the current rollout schedule, any new customers or acceleration of rollout would take it higher.

Onwards and upwards.

Have a good bank holiday weekend all.

More likely investors are waking up to the huge upside potential!

Thanks for sharing, well written and balanced analysis.

These extracts sum it up for me, but worth reading the whole article.

'In our view, the current £~42 million enterprise value fails to reflect Ondo’s 80% recurring revenue growth and looming profitability. We see asymmetric upside: a potential multi-fold increase in equity value through a re-rating to peer multiples and continued execution, versus limited downside now that the model is validated and cash-funded.'

'Our forecasts suggests that base-case success could yield a 5x return in a few years, with bull case upside into the 10-15x+ range. Few opportunities in public markets offer that kind of return potential with this level of validation already in hand.'

'In sum, Ondo InsurTech Plc represents a compelling asymmetric bet: a misunderstood leader in a new category, poised for a re-rating as it converts pipeline to profits.'

Exciting times ahead

The numbers back up the exciting growth story.

Balance sheet is strong with cash in the bank, paying off the debt early in April shows huge confidence.

Well done Craig and the team, exciting times ahead.

Citadel increased their short position

US listing would make sense as the balance of business is rapidly shifting towards US insurers, allowing US investors to take part, and hopefully resulting in a higher valuation

Agreed Busicat, that was my conclusion. He would have less CGT to pay on the sale and be able buy more shares for his ISAa than if the price was higher. So he thinks it's bottomed out.

We are due another contract signing or expanded roll out announcement. As Craig said in the last Stockbox interview - new contracts are like buses .....

GLA

The UT trade was 28.8p yesterday which was higher than the ask 27p, which was the same pattern as Thursday. This sets the opening price for the next trading day and if it opens at the same price 27p it will appear as a decrease which obviously looks negative. I have seen this pattern before with ONDO but can't remember whether it was a good, bad or neutral signal for the price in the following period.

Can anyone help with this?

News from the US pipeline is overdue and will give the SP a boost. I am a long term holder, have built a nice position and happily topped up 2 x £10k in my SIPP today, good value at 26.5p

GLA

I am surprised that WhiskerLAbs, the owner of Ting in the US who provide a device that is the electrical equivalent of Leakbot, have not tried to buy ONDO. There are obvious synergies and they have access to over 1m+ customers already using Ting. Alternatively maybe a partnership would help accelerate the rollout of Leakbot. Just a thought.

GLA

Added 29k worth in my SIPP, very happy to buy at 27p

Short interest down to 4.07%

Chill out IceCool, this board needs a little light humour :)

Maybe the strange price action is the Trackers selling and the shorts buying, will check shorttracker with interest at the end of the day

Up 13% tonight !

Short interest was reduced to 5.58% yesterday from 6.4% i think, no real price change though - there is some financial wizardry going on here by the MMs and institutions!