Member Info for Camkite

Doubt it. Al sisto needs to go has no intentions of selling anything just buying more with your money while paying himself a packet. The blokes a joke of a chairman.

Looks like a placing being forward sold to me.

Yeah indeed this is why it’s so apprealing… if their business strategy was to flog to joe public and rely on play store reviews (you have to ask yourself what kind of person writes a review on such a product in the first place) then this would just be another aim dreamer… but the very fact they are dealing directly with big insurance companies makes this a far more compelling play.

What I still cannot grasp is how / where & by what means they are supplying the plumbers ??

Also clarify on costs ??

Subscription seems the most likely.

CEO is excited about the results so clearly they are making headway but by how much we have no idea.

On another note, looks like there is still some overhang from the placing as the volume has been so low, few more pieces of good news this should make fresh highest easy enough.

£5m Mcap is cheap as chips.

also not to put dampenr on it ass i'm 100% bullish on this....

But it seems to me that the "Water Damage" they are referring too in the numbers will also include flooding, which is why the numbers are so high.

In the other breath... you would have thought this sort of tech would be valuable to the water companies as wel as the insurers.

Hence why the strategy here is so impressive...

Rather than going direct to market, sell the concept and prove the concept so that insurers see the savings and benefit of using them... what we don't truely know the extent of ishow this is working, the CEO mentioned yesterday in the interview that a certified plumber was included in the service so this sounds to me like there is some sort of ongoing subscription service included...

It saves insurance companies on average £140 per household per year...

But lets say the average claim for water damage per household a year is £450 then does that mean each subsciription / leakbot insurance deal is worth £310 to ONDO ?

No idea as we truely don't know the numbers yet but I can't see how they can offer and include a certified plumber without it being on a monthly subscription.

I am also somewhat surprised how a PLC with such a small market cap can offer a certified plumbing service nationally ?

Anyone with far greater knowledge than myself free to clear this up would be dandy..........

Kingsmen I’m not sure what you mean ?

The insurer is giving them to customers as it’s going to save them money, the customer isn’t forking out £149 for the privilege.

Wiscos - they find the healthy divi by making the difference in the drop, in many cases itll drop slightly more than the dive......

Back to the drawing board.

Direct line already using Leakbot !?

https://www.directline.com/select-premier/leakbot

Someone mentioned that it was £140 a unit earlier but having listened to that interview it seems like the insurance setup could include a maintenance / subscription fee.

https://www.lse.co.uk/rns/ONDO/first-uk-mainstream-insurer-launches-leakbot-uugz88s39hp7l7r.html

Excited to release results ??

Blimey.... Thats a first for an AIM listed company lol

This is a beauty... multibagger in the making sooner than later imo.

Last rambling from me.

Very impressed by the professionalism of the data and presentations & the business strategy.

Cracking people, she’s a solid buy down here.

Gl all let’s see what happens.

Only one director on ipo / rto

Probably have >£2m cash in the bank (poss £3m)

Very very little attributed to the IP & now this contract.

70% savings for insurers on leaky pipe / water damage claims.

Seems pretty obvious other insurers will jump on board & they are already rolling out in the USA !?

A very very obvious buy to me. Will top up heavily if it stays down here for a week or so.

Confirmed.

Banging little company, bought in in a few tranches.

Can anyone point me in the direction of the AIM rule 26 ?? Dig shareholders ? Can’t seem to find it on the website.

This looks like a cracking minnow, on the cusp of potentially very big things.

I reckon interest will vastly pick up over the coming weeks.

Rollout to 1.2m Admiral customers would be £178m

Shorters*

Many of us have been in shares over the years where all the facts stack up to the positive but they just keep dropping…

Just be careful.

Couldn’t find anything on the short tracker so must be a seller unless it’s lots of small shorts.

No smoke without fire.

Word of caution then

Don’t argue with the market, I wanted to join but not joining until it’s clear as sellers and shooters could push this below 10p despite it looking rosy.

Is this being shorted or a big seller ??