Pod Point Share Discussion Threads

[indiestu] 19/4/2024 15:22

I was disrespectful on their board towards AP when he took the helm. Since then I have done a little more research. It seems he is the type of CEO you bring in to make the tough decisions. Everyone hates him including the staff but he has a job to do and he is not looking to make friends. It seems his job is done regarding costs out and business focus. Mel comes in with a sound background in the industry. She must see potential in the company and who doesn't like to see a woman at the helm. Far more emotionally sensitive and in touch with the workforce. The turn around is done. The plan seems sound. It's risky for sure but I can only watch what is going on around me. In 12 months at my work we are up form 4 to 12 charging points.

[tomps2] 19/4/2024 08:14

Pod Point (PODP) Full Year 2023 results presentation - April 2024

Pod Point CEO, Andy Palmer and CFO, David Wolffe present full year results for the year ended 31 December 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[bookbroker] 18/4/2024 13:35

Certainly in the car charging market there will be consolidation, and Pod Point likely to be the mix. They are well capitalised, and with interesting things in Energy flex in the pipeline there is a degree of optomism.

[indiestu] 18/4/2024 11:58

I enjoyed the narrative in the report. Did a little research and Pod Point smashes a Google search. I guess that's where a big chunk of the admin spend is going. I've finally taken position after watching for two years. I reckon it's an easy five bagger in 18 months. Anyone else got the balls to dip in down here?

[indiestu] 18/4/2024 09:57

Funding: sufficient to deliver our strategyThe Group has sufficient funding to execute its strategy and we upgraded our expected year-end 2023 to a final cash position of £48.7m. We expect positive cash flow in 2027. EDF, the Group's largest shareholder, has shown its support for the Group's new strategy and has provided a five-year credit facility of £30m to provide additional funding headroom. We do not anticipate drawing on the facility in 2024.No dilution expected

[bookbroker] 18/4/2024 09:32

Already in place, most of losses from writedowns and discontinued operations.

[trader465] 18/4/2024 09:28

Pod Point Group Plc posted Prelims for the year ended 31st December 2022 this morning. Group revenue was up 16% to £71.4m, revenues were higher across all segments. Gross margin dipped a little due to supply chain costs, the Group reported an adjusted EBITDA loss of £7.0m as expected. The balance sheet is strong with net cash of £74.1m

One year later….

Loss before tax £80m, cash down from £74m to £48m

They gonna need more funding soon if losses continue at that pace

[indiestu] 18/4/2024 09:01

Tasty. Gross Margin 30%Energy Flex is intersting o Delivered £39,000 of Energy Flex revenues in 2023, significantly ahead of expectationso Year-to-date Energy Flex revenue well ahead of 2024 plan, so we upgrade of 2024 guidance to circa £300,000o Launch of consumer proposition on track for second half of 2024Peanuts really but spectacular growth

[indiestu] 12/4/2024 16:28

That's an interesting rise into the close. Fireworks next week!

[bookbroker] 28/3/2024 10:16

EV’s are not the future of this business, it is about energy storage solutions.

[indiestu] 28/3/2024 10:01

Jeez a Darcia. That's enough to put anyone off electric cars for life!

[1chrism] 26/3/2024 07:25

Will be interesting to see if there is a reaction next week when the new Dacia is launched.

[indiestu] 22/3/2024 14:54

Green by end of play!

[aishah] 22/3/2024 08:59

3m price breakout. Been perky of late

[bookbroker] 22/3/2024 08:50

Like to see some consolidation in this sector!

[indiestu] 18/3/2024 17:38

A perfect bullish harami completed on the daily. The next few days should be interesting.

[indiestu] 20/2/2024 19:00

24 mil at current burn. However. Will they keep burning for 12 months or is the market mature enough to accept price rises?

[trader465] 20/2/2024 15:35

What will cash be in 12 months time?

[aishah] 20/2/2024 14:27

Struggling Pod Point names turnaround specialist as CEO

“I am very pleased to be appointed CEO of Pod Point and am looking forward to taking on this new opportunity,” said Lane. “Pod Point is a leading player in UK EV charging with a strong brand, high customer trust, extensive partnerships and fantastic people.”

Lane added: “The business has an outstanding opportunity to build on the pillars of the recently announced Powering Up strategy with a renewed focus on home and workplace charging, driving recurring revenue through Energy Flex and growing internationally.”

[apotheki] 20/2/2024 13:55

Hybridan Small Cap Feast: 20/02/2024

Pod Point Group Holdings 23.38p £36.2m (PODP.L)

A provider of electric vehicle (EV) charging solutions in the UK, announces the appointment of Melanie Lane as Chief Executive Officer (CEO) with effect from 1 May 2024. She will succeed Andy Palmer, who has acted as Interim CEO since 6 July 2023 during the course of the executive search and appointment processes. Melanie joins the Group from Shell Recharge Solutions (Recharge), having led the standalone unit following its acquisition by Shell in 2017 to become a prominent e-mobility solutions provider across key EU markets.

[purple11] 20/2/2024 12:09

im in for a few.gla

[boysie72] 20/2/2024 09:04

This now looks like a great turn around story, recent shift in focus that is paying off, many new contracts in 2023, cash in the bank and CEO who will hit the ground running. No doubt disclosed the approach she would take the company with the current board and they are implementing it prior to her official joining. Definitely a buy and hold for me during 2024. Good luck holders.

[apotheki] 20/2/2024 07:50

Any thoughts Babbler [and others] to todays trading update plus director changes?

On the face of it all looks positive to me!

[apotheki] 20/2/2024 07:45

LOL Babbler!