Member Info for chameleon1

I notice how the mm’s always seem to put a high sp through at the close so it shows a drop at the open next day, obviously need shares

Yes certainly is, I thought 30 would go last week, certainly looks on for this week

On the move up, seller finished?

News, Allstate ?

Great news, more to come

Just a snippet from their analysis, and this is just one of many insurers

Back of the envelope calculations – at $5/month service revenue, if Ondo can achieve 10% penetration across Nationwide’s household customer base this suggests revenue potential up to ~$1.75M monthly or ~$21M annually. This translates to up to ~700% growth from Ondo’s FY’23A revenue of £2.1M.

Why anyone would sell so near to multiple big news announcements, trump not in white house until January and then I’m not sure it would make a difference, we would increase the cost or move manufacturing to the US , this price is cheap, this time next year we could have caught Ting up

Sellers

Will update their forecast , you don’t increase your production capacity to the scale Ondo have without some big orders in the pipeline

30p reached this week?

Big sells going through, Budget day blues, hopefully Trump doesn’t get elected following is recent statements on tariffs

10,000 to 40,000 units pm, they must have some big orders in the pipeline, I’m sure they will open a US production line as well, this is something Craig foster has mentioned before .

What value will this company be worth when it signs up State Farm Allstate and liberty ?

Surely this news was worthy of an RNS especially as the company has invested money expanding the production capacity. Might be a good time to add a few more shares.

Wonder what the share price would be on a whiff of a takeover

News inbound ?

Anybody got any ideas what is going to kickstart the sp upwards ?

30 Jul 2024 07:00

RNS Number : 2925Y

Ondo InsurTech PLC

30 July 2024

30 July 2024

Ondo InsurTech Plc

("Ondo" or the "Company")

US Contract Win

New contract win with $2bn U.S. super-regional insurer launching LeakBot in New Jersey

New contract win with $2bn U.S. super-regional insurer launching LeakBot in New Jersey

Who the insurer was , not mentioned in the RNS

£5 per mth per unit I believe and $6 in the US