Member Info for superseagull

That is a very sensible summary of the position and maybe had you written the trading update commentary, then the fall-out from the actual one would have been lessened….

I'm not quite sure why some on this forum seem almost to want to talk down the company, for no logical reasons that I can discern.

Nothing has changed since the CEO's last interview after the recent results. He intimated that there was positive news forthcoming over the next few months and there was no reason to disbelieve him then, nor is there now.

Rome wasn't built in a day. The Ondo business is developing on solid foundations, compared with many small listed stocks which figuratively are building businesses on sand.

It's easier to create a narrative after the event, rather than well in advance of it - in this case a fall in the SP. When Craig hopefully announces some major deals and trial updates, and we see the SP recover to past highs, or more, and revenues growing, then I hope there will be some acknowledgement of this from the less-positive members on here!

Not all successful businesses go up linearly, there will usually be ups and downs along the way.

Personally, I' m in profit, but am certainly not taking it.

I am fortunate enough to have a decent holding at a very low average, so sitting on some good paper returns, but the retail offer seems an absolute no-brainer. Buy at 3p and potentially sell (I won't) at probably north of 4p unless something weird happens overnight, so I too am a little surprised too that the offer hasn't been closed. Unless there isn't a cap of £2m? I have certainly put some more £ in through ii, who are very clued up on the offer process.

I'm not at all technical, but the prospects for QED are surely staggering if all comes to fruition, as it seems a unique proposition. Does anyone know if there is any competition testing along the same lines as QED, or are the patents (if that's the right word) so tight that no one else could possibly replicate?

I think you may be missing the point; as a major provider of business to the mainstream insurers, surely you should be actively promoting this type of development, for if you don't, who will? You are presumably paid to advise your clients, and aren't in business purely to secure the cheapest premium for them? To insure your home these days, you have to fit a 5-lever deadlock to external doors and key-operated window locks to all accessible windows, because L&G, Aviva etc tell you so. That in itself is a lot more expensive, but I bet no no one bats an eyelid at this requirement. You mitigate against fire, with a smoke detector, and break-ins with an alarm or proper locks. So, are water leaks a bit less scary than fire or burglars, so you take the chance? But the insurance aspect is even possibly a red herring. It makes eminent sense just to have some advance protection against leaks. I don't smoke, because it is sensible not to do so, and not because my life insurance/PMI is a bit cheaper.

(PS I hope you don't regard this post as in any way insulting!!)

Absolutely correct, underwriters assess risk and determine the type and level of physical (and electronic/digital protection) for any commercial or domestic premises.

This assertion is almost the equivalent of an Underwriter telling a factory owner he did need to install smoke detectors on the premises, or a jeweller being advised that a burglar alarm was unnecessary.

Why not disclose a couple of names of these UK Companies who are against the idea of Leakbot, when it could/will save many £millions in water damage claims going forward. I invest in several composite insurers and would be happy to stand up at their next AGM and ask the CEO why he was against a very simple technology which could make a big difference to his bottom line underwriting result!

I'm not disputing for a moment what you may have been told, but I have to say, personally, it makes not one iota of sense!!

The company is probably in a stronger position in terms of its business model than it was when the share was flying and everyone was raving about it. Can't see KNB going out of business anytime soon, so can be reasonably confident that the outlook is positive - it's just frustrating that all is so quiet. So, I for one, am not losing faith. I'll be patient and one fine day will hopefully reap my reward.

(Anyway, that's what I think.)

In case anyone looking at 'SPAQ share trades' is wondering who is selling two tranches of about 135,000 shares....

All I did was 'bed and ISA' 135,000 shares. Both are showing as 'sells' for some reason, but trust me, one of them should say 'buy' because they're now sitting firmly in my ISA, awaiting multi-bags!!!

Thanks Gloster, called ii and you were absolutely right. Sold at 12p and repurchased at 12.025p. Took a while but all sorted.

Unless someone knows something I don't, transferring the placing shares into an ISA requires the sale of the shares and repurchase, and with such a massive bid-offer spread, then you're going to lose money big time? I bought a decent chunk of SPAQ in the placing and want to transfer them across using my £20k ISA allowance, but no way I am selling at 11p and buying again at 13p/14p.

Irrespective of the conditions for workers, am I the only one who can't reconcile a £multi-billion share offering with a primary reliance on people with a pizza strapped to their back , wobbling around London on ancient mopeds and bicycles? I have never had food delivered, though appreciate some people may have to, but I genuinely this share offering is a bit like the emperor's new clothes.

Probably be totally wrong of course - I really thought Bitcoin would crash and burn!

Well it certainly is now!!

Too bad the octopus that used to forecast England's World Cup results is no longer about. Would have been interested in his opinion - it couldn't be that much less credible than some of the comments on here of late!

Looking forward to the 50p later in the week.

I just hope it's XXXXXXX listening!

I am confident it will - it's very very easy to be wise after the event but it moved far too quickly at the start. But they have a decent business and are effectively the first-mover in this market.

I am up in absolute terms but vastly down from where I could have been if I'd sold all my holding at 44p, (I sold 25% of it) but I am bullish for the longer term, and after all, we're only about two to three weeks in.

Might be famous last words but selling at 20p now might be an even worse decision than not selling then at 44p!

Some tasty buys yesterday it seems, but then I am not sure how comprehensive those trades listings are anyway....

Yes, but sold a load of them in the mid-20s as I recall, so maybe not the best example!

Others were creaming it in the mid-40s!

Anyone know what?

Bit of a rebound.

Guess there's just not much happening. All a bit psychological I suppose, if it had gone up in a steady linear fashion to 24p from launch, then we'd all be feeling much happier. But it's still 24p!

Need a bit of good news to perk things up, but ultimately it's a share, not a horse, and you have to think long-term. That might sound a bit patronising, as everyone knows it, but I just think we have to be more realistic now after the meteoric rise of two weeks ago that gave us fanciful ideas. They do have a plan - we just have to trust in their business.

(But still...if only we'd known at 50p.....)

TRAF as in the property outfit?

Could be double bubble with forthcoming stamp duty extension and the possible RTO!!

David and Victoria Beckham maybe.

Probably not too many others!