Member Info for jabberba

Covea insurance has 1.2 million home insurance customers.

1.2 million x £5 x 12 months is £72 million.

That's recurring revenue. £72 x 15 equals £ 1080 million.

Anyone want to check those figures and assumptions?

Ondo have signed 10% of the USA market. 90% to go.

Craig stated in his most recent interview that there are some quite advanced in terms of discussions, some that are just starting and some on the sidelines...for now.

We also know there's a probable signing soon.

We also know there's going to be some positive news regarding the factory .

We're coming to the end of the tax year, so likely new funds available for long term investment.

Warrants have been exercised and a statement of proceeds is also forthcoming. The share price has held remarkably well but this has come to an end.

We're also expecting some news regarding uk progress, possibly a new signing.

With Ondo now on an exponential growth trajectory, with multiple news expected soon it's a brave move to sell now.

Duroll Capital putting their money where their mouth is.

They are putting 5% of their capital into Ondo.

RE: Durolle Capital SubstackToday 16:07

At 15x ARR, Ondo would thus be valued at ~£2.8 billion, compared to the current market cap of ~£45 million and my optimistic projections at 10x revenue. If we value Ondo at 15x the optimistic 2029e revenue, its share price could reach 900 GBP, a 25x increase over the period.

At 15x ARR, Ondo would thus be valued at ~£2.8 billion, compared to the current market cap of ~£45 million and my optimistic projections at 10x revenue. If we value Ondo at 15x the optimistic 2029e revenue, its share price could reach 900 GBP, a 25x increase over the period.

These kind of numbers could make

What he meant to say was by the end of full year 2025/26 rather than previously in h2 2025/26.

Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, is pleased to provide the following trading update.

Acceleration in Growth

The adoption of Ondo's LeakBot solution by insurance companies has significantly accelerated, driven primarily by successes in the United States. Key highlights include:

· Registered Customers: Approximately 135,000 as of 12 February 2025, with a projected increase to ~150,000 by 31 March 2025 (representing ~60% growth from 31 March 2024: 95,468)

· Annualised Revenue Run-Rate: Projected to exceed £7.5m in Q4 FY2025, reflecting c.90% growth compared to Q4 FY2024 (£4.0m).

· Full-Year Revenue to 31 March 2025: Estimated at £4.5m-£5m, ~70% growth versus FY 2024 (£2.7m).

· Company remains on track to achieve EBITDA positive trading in H2 FY 2026.

· Prepaid Contract Model firmly established, with upfront cash deposits from customers now virtually eliminating any increased working capital requirements from current trading.

· Further major U.S. contract win No. 6 Personal Lines Insurer Liberty Mutual in four States - announced today - expected to impact the FY 2026.

· Adjustments by a Swedish customer have deferred revenue from February/March into FY 2026.

He's literally just stated Ondo's share price is a :buying opportunity! "

Yes states on February's trading update October 2025. They would need to put this in an rns if any substantive changes.

Yes, I thought that too! Must have been a slip of the tongue. We were slightly behind and now we're slightly ahead!

That was imminent news.....

and a factory visit with something" interesting to see"

And confirmation of "no more dilution ".

And 40% warrants not anticipated in the accounts paid off part of the loan agreements.

Lots to like here plus more leads and honing the marketing to maximise take-up.

Insurers save a ton of money as do customers. Satisfaction rates are off the charts. Production costs will be plummeting and there's growing momentum both sides of the Atlantic, building momentum and bulging pipeline.

If you haven't got that message yet you haven't been doing your research.

We have to bear in mind it's been selling for £150 which is great for shareholders and has kept cash coming in preventing less shareholder dilution as one main benefit.

Reducing production costs as mentioned by Andii is great too.

I'm sure there's another reason not yet mentioned.

I've never been more confident in my investment than in Ondo

No, absolutely! As a customer this is definitely a no brainer.

As an investor, I want the maximum revenue possible, so 49 quid is effectively giving it away. I don't like companies I invest in giving stuff away. Unless, there's a good reason. Fortunately, I have quite a bit of faith in Craig, so there will be a good reason.

Not sure why they're giving them away. Must cost peanuts to produce. I reckon they must have a newer version they are going to introduce.

Yes, no more warrants and we're coming to the end of the tax year, so there'll be more allowances available. Where better to put long term capital than Ondo?!

He's a bloody tease!😅 ...again!

Wonder how those "factory developments " are going!

Very good! However what's really interesting is the projected growth going forward. That's a bit more tricky as it's in pounds sterling run rate. But if someone is really good at maths......!

Yes, well spotted! "Gaining momentum in the USA and the UK! " according to Craig Foster in his last interview.

I would say the last of the warrants are out of the door. I can't see Craig saying Ondo is a" buy opportunity " otherwise.

Bet they are able to reduce production costs due to volume.