Once a leak is detected and the servicing team is sent to fix the leak, who pays for this? Does Ondo pay for this or the customer pays for this? What is the cost per visit of the servicing team? If Ondo bears this cost, what was this cost for the last 12 months for Ondo?
Hello, really nice article. I think the ideas around inflecting point you point out are on point (sry).
Following the inflecting point idea I think you would like to see https://open.substack.com/pub/jjinvestmentclub/p/moatable-mtbly-investment-thesis?utm_source=share&utm_medium=android&r=30rt07
Even though the recent run up and the huge dividend, it is still a very good oportunity.
Regards!
Interesting, will take a look. Thanks
Interesting that the device was first cooked up by Greg Jackson on a RPi, who went on to found Octopus.
https://www.share-talk.com/peter-thiels-7-questionsand-why-i-think-ondo-could-be-a-billion-dollar-company/
Haven't seen that one. Thanks for sharing.
Once a leak is detected and the servicing team is sent to fix the leak, who pays for this? Does Ondo pay for this or the customer pays for this? What is the cost per visit of the servicing team? If Ondo bears this cost, what was this cost for the last 12 months for Ondo?
Ondo pay for the repair as they have plumbing ‘boots on the ground’.
One Ondo plumbing specialist is able to cover a relatively large area as the number of leaks detected per day is not particularly high.
If you check the latest report and accounts on the Ondo website, you will be able to see the high margin nature of the business