Added to YB: 2026-04-30
Pitch date: 2026-04-28
ONDO.L [neutral]
Ondo InsurTech Plc
+2.9%
current return
Author Info
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Company Info
Ondo InsurTech Plc provides domestic leak detection services and technology in the United Kingdom, Nordics, and the United States.
Market Cap
GBP 6.2M
Pitch Price
GBP 0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.84
P/E
-0.69
EV/Sales
2.75
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Calling Time on ONDO
ONDO.L (pass): IoT leak detection tech at £45/yr makes sense, 150% ROI for insurers claimed, +88 NPS, 4.7 Trustpilot. But US customers grew only 48k→57k (Sep-Mar), activations fell 6k→3.8k/mo vs forecast. £1.1M cash, -£3M/6mo burn requires £6-10M raise (40% to Homeserve debt). At £6.2M mkt cap, dilution makes it uninvestable despite 70k unactivated devices.
Read full article (3 min)