Member Info for Red0rb

No worries, as I said a similar thing initially went through my head 'til I dug deeper.

AJ Bell were slow for me too, I had to call them for a special ticker code to participate in the placing.

Recommend plugging this question directly into AI, if you do it'll put your mind at rest as it'll explain that it's just a legal restructuring of what each share is as 'Under UK law, a company cannot issue new ordinary shares for a price that is lower than their registered "nominal value" '.

I initially had a similar concern, AI'd it, learnt something and felt at ease.

Did AJ Bell contact you about the retail offer? Normally they send me a message but so far it's been radio silence

It says this "The Company intends to raise a minimum of £2.9 million before expenses in a proposed Placing and Retail Offer at a price of not less than 3.0 pence ("the Fundraising Price".

So 3 pence is only the minimum the fundraising price could be...

I'll need to re-read, re-read again and then digest, but my 1st impression is that Ondo has support from multiple vectors, and that customers, investors, partners, directors all want Ondo to succeed (and are willing/indicating willing they'll stump up some cash to help bridge the gap).

The final "run off" vote is in 3 weeks, 21st June.

Paloma Valencia (moderate conservative) got about 7%, coming in 3rd place. She has now endorsed De La Espriella so that should further help his cause.

An undergrad degree in geology then a career in science communication does not make someone a geologist.

An undergrad then post-grad then 10+ years in the industry would make someone a geologist.

You sir are a 'documentary maker with a geology degree', and, credit-due, it sounds like you've made a good success of it, but means you know about as much as I do about what's really being seen at El P.

An undergrad degree in geology then a career in science communication does not make someone a geologist.

An undergrad then post-grad then 10+ years in the industry would make someone a geologist.

You sir are a 'documentary maker with a geology degree', and, credit-due, it sounds like you've made a good success of it, but means you know about as much as I do about what's really being seen at El P.

Apologies if previously posted, interesting article with relevance for uranium stocks:

https://www.marketindex.com.au/news/why-the-middle-east-crisis-could-light-a-fire-under-asx-uranium-and-lithium-stocks

Whoa, that's a meaty report. Might take a few days to digest, but there's going to be a lot of useful information in there... Hopefully I'll be able to understand a lot of it.

The Brokers are saying target NAV per share is 13.5 p (about 20 bags from today's levels). Don't know where the mistranslation in the tweet to 'percent' came from.

I'm completely onboard with the expectations of an upwards trajectory here in 2026, especially linked with Alba progress/opening for business.

What I can't do is put figures on the amount of uplift to CHP market cap. Does anyone have any numbers (backed up with workings) that they'd be happy & willing to share? Any numbers, or just thoughts, appreciated, ta

Good to see the directors buying, they have a better visibility on how (and where) things are going.

Long-term the plumbing service should be a differentiator and a moat, but yes, short term it's not a straightforward and risk-free arm to setup. Modest, controlled growth at this stage seems to be part of the strategy to reduce risk.

Regardless, the plumbing can't really be outsourced as the leaks being detected (and needing to be localised & fixed) are not your normal leak, so normal plumbers aren't attuned. They are small, hidden leaks - perfect for addressing early but hard to find. The plumbers get extra training and specific equipment to aid them, so they're more than your average plumber.

Agree, the way it's structured & worded, it can't 'fail' as such. Craig couldn't have predicted exactly where the share price was going to go, so by ordering retail shares he at least gave us access to the 25pps had the share price not dipped that far.

Of course by buying in on the retail offer our money goes into the company coffers rather than the ether, so there may be some extra benefit to doing so...

Nationwide showing complete belief in Leakbot with a third order and further geographic expansion.

Nationwide are acting as a vanguard for the industry. By enabling Ondo to establish in more US states they're setting things up to be absolutely huge in years to come (a growth story I intend to see all the way through).

Personally I believe Lawrence is here to spread fud.

As an example it mentions "the competition" (which was a topic covered in discussion earlier in the year, April sometime). Defining the companies/products it mentions as "competition" is disingenuous.

Why? Because only Ondo provide an end-to-end service both detecting the leak and fixing the leak (at no extra cost).

Why? Because only Ondo provide whole-residence monitoring at a price where insurers covering the cost get a RoI within the 1st year of deployment.

Phyn Plus: whole residence, $580 cut pipe to install, no plumber provision.

Phyn Sensor: $50, but you need to know where your pipes are gonna leak in advance?!, no plumber provision.

Flume2: £336, and you need the right kind of water meter to stick it on, no plumber provision.

Moen 900 Flo: £649 cut pipe to install, no plumber provision.

The service offering and the relationships with insurers are moats for Ondo (along with the IP). Ondo is not just a IoT hardware developer, they're also building a multi-state US plumbing service.

I'm filtering Lawrence, but didn't want to let its unjustified doubt-seeding to go unchallenged.

Sure, why not!

You could also add 'the environment' as another winner from the reduction to water losses.

Nice 5% incentive carrot there! Really it's Win/Win/Win (X3), Ondo, insurer & customer. What's not to love?