Member Info for Red0rb

I'd second you on this, Muppet.

We're hear to talk investing, shares, money...

I take the view on here that you are a pedant if you're focusing on correcting minor grammar mistakes, as some do. Correcting others' numbers/triple-checking your own numbers before you post, well that's just an essential balance.

Peace & love folks, KOD will be higher in time - we have a (very near) working mine!

Cheers Andii.

Interesting snippets in the FAQ's section, gives flavour of how where costs lie and how info is used. Also nice to know it's "worth £149", hope Ondo sees all of that!

IMO...

If the world does quieten down (and I really hope it can), it won't go back to how things were before.

Europe can't re-trust/do business with Putin and the relationship/trust with Trump will improve but never fully recover. Europe is rearming. That's the trend for the next few years.

Hi all, new holder here, suspect I will not be the only one. Scary and depressing times, but strengthening defense across the whole of Europe is a (late) move in the right direction.

Can anyone summarise or point towards the best info source covering Chemring's current (and potential for future) expansion? I know expansion is already underway, can it be expedited given the current urgency?

Appreciate opinions from those more in the know (i.e. everyone ;) ).

Cheers, Red

Why sell out? Maybe Ondo can just grow...no?

Making units is by contract manufacturer, international partner in place, production can be expanded and ramped up.

Upfront/in advance payment model means expansion is not limited by money in the bank.

Software and security team will grow, but shouldn't need to ever be huge.

Biggest difficulty I would think might be getting, training and managing enough plumbers. But this is far from insurmountable, and will need be a focus area whomever owns the company.

Interested to hear what others think the need-for and our chances-of a buyout, say, in the next 3 years?

Me... I'd plump for:

Need for any buyout (to continue growth): 20%

Chance of low-ball buyout offer: 90%

Decent offer: 50:50

Yes, well done Ondo!

This win is not huge in the numbers (though not to be sniffed at, either). It is (yet another) huge confidence boost that says the model is working, Ondo's customers love it and Ondo's customer's customers love it, everyone wants one!

For sure, NotZero.

I tend to be cautious in my calcs - today's average UK household electricity bill is actually £74 according to the web, but I rounded it down to £70.

Prawn, if you do a back of envelope calculation:

£70 x 12 months x 1M households = £0.84B

So cost of SMR is recouped at today's prices within 3 years of operation.

I can't factor-in operating costs, but 3 years out of the projected 60 year lifespan is only 5%, so CAPEX seems perfectly reasonable IMO.

Not sure anyone's mentioned this in the discussion stemming from the new presentation. The DMS plant has now been commissioned!

Amazing job by the on-site team to get everything up and working, completion of commissioning must significantly de-risk the program.

To answer my own question, looks like it's a standard OFWAT fine for failing to hit targets:

https://www.theguardian.com/business/2024/oct/08/water-companies-england-wales-penalty-ofwat-bills#:~:text=Water%20companies%20in%20England%20and%20Wales%20will%20have%20to%20return,annual%20review%20of%20companies%27%20performance.

Not huge numbers, but not meaningless either.

Interestingly, Northumbrian Water were in the top three performers last year, and got an outperformance payment of £7.8m, so OFWAT welds a carrot as well as a twig.

The apparent 'slowness' of water companies, at least relative to the insurers thus far, is noted in the investor presentation Andii shared (@44 mins).

Craig is basically 'yer, they're slower, but things are still moving'

Anyone know what are the repercussions for water companies who don't hit the OFWAT household leak reduction targets?

I was going off the RNS stating 'over 2.7 million residents', I'll more than gladly take the numbers you found, mighunter.

Nice chunky numbers either way 😁

For calculations I make the stated 2.7M 'customers'/'residents' to be 1.14M private households (UK average household of 2.36 people).

Essex and Suffolk Water is part of the same parent company, and not (as yet) included in this new agreement, that'll be a further 1.8M 'residents' or 760k households further down the line.

Personally feel Ondo shares are a joy to hold.

More positive news and continued traction for Ondo's Leakbot; UK Regs/OFWAT steering water companies to do the right thing, Leakbot helping companies do the right thing.

Not expert enough to call it, but multiples of this level once production starts (revenue, significant derisking etc).

Spod has ticked up yet again. Daily increases seem to be coinciding perfectly with this final leg of the 1st stage.

...and on a day when the market is down, on the whole.

Cev, if you're going to be the grammar police then you need to be above the law yourself... so in the (light-hearted!) spirit of correctness...

Cev - "Nocheesecake, ask your self one question!"

RO - 'your self' is one word, 'yourself'.

Cev - "Does if your right sound right?"

RO - if you are quoting someone, use quotation marks ""if your right..."" to cap end their words (used two sets there as I'm quoting you quoting someone else)

Cev - "Unbelievable that an adult can post with the comprehension of an 8 yr old ."

RO - "yr" is not a real word, and there should not be a space before the full stop.

Hope everyone has a happy Sunday in this seemingly spiralling world.

Thanks for sharing, Andii. I love the final summary paragraph (which aligns with my own private projections spreadsheet), market potential is quite staggering!

Interesting that they show Ondo as loss making into 2026 (if(?) I'm reading the table correctly), whereas I think(?) management have stated expectations for profitability by/in H2 of this year. Would mean their summary is healthily on the conservative side.

Currently only generating 85% of our total needs (importing the rest from the continent & Norway), and two thirds of that generated by burning gas.

Days like today are exactly why the baseload should be more heavily generated from more reliable clean sources.

Nuclear, and specifically SMR should play a (big) part of the future mix.

...and (we retain) the proven management & exploration team!