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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pod Point Group Holdings Plc | PODP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.425 | 1.80% | 24.00 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.05 | 23.05 | 23.05 | 24.00 | 23.575 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 19/4/2024 08:14 by tomps2 Pod Point (PODP) Full Year 2023 results presentation - April 2024Pod 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: |
Posted at 20/2/2024 07:45 by apotheki About Pod Point Group Holdings plcPod Point was founded in 2009. Driven by a belief that driving shouldn't cost the earth, Pod Point is building the infrastructure needed to enable the mass adoption of electric vehicles and to make living with an EV easy and affordable for everyone. As at 31 December 2023 the company has shipped more than 226k charge points on its network in the UK and is an official charge point supplier for major car brands. Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions. Pod Point is admitted to trading on the London Stock Exchange under the ticker symbol "PODP." |
Posted at 21/11/2023 10:33 by tomps2 Pod Point (PODP) Capital Markets Day held 16 November 2023The Capital Markets Event, hosted by Pod Point, a leading provider of Electric Vehicle charging solutions, which updated the market on its new focussed strategy and provided more details of its medium-term financial plans. Watch the video here: Or listen to the podcast here: |
Posted at 27/7/2023 16:46 by hedgehog 100 27/07/2023 16:11 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Updated 2023 Guidance LSE:PODP Pod Point Group Holdings Plc"Following the appointment of Andy Palmer as interim CEO on 6 July 2023, a detailed review of the Group's operations is being undertaken. While this work is ongoing, it has become clear that the outcome for the financial year ending 31 December 2023 will be materially different from the current guidance, with lower revenue and a larger adjusted EBITDA loss. The market has remained volatile and uncertain, with particular weakness in the private BEV market. The Group has seen shortcomings in product offer, and delays in product and app launches that have impacted revenues. Some of our sales channels are also seeing slower conversion to revenue. These themes are expected to impact our performance in the second half. Consequently, the Group is updating revenue guidance for 2023 to at least GBP60m. Adjusted EBITDA loss for 2023 is now expected to be no greater than GBP17m. The updated guidance includes the impact of lower revenues, and an expected GBP5m of costs related to transformation plan initiatives and growth investments identified as part of the ongoing strategy review and non-cash charges. Our balance sheet remains in a strong position with net cash as at 30 June 2023 of GBP58.8m. Alongside our interim results to be released on 31 July, we will provide further details on our transformation plan to improve operational and financial performance, the actions required to urgently address priorities and how Pod Point is positioning itself for long term growth. ..." PODP's 2022 figures: revenue £71.4M., EBITDA loss £12.2M, pre-tax loss £19.9M., year end cash £74.1M. So £15.3M. of cash has been burnt in H1 2023: a cash burn rate which would consume the remaining cash in under two years. Very disappointing how this has worked out, when it had so much potential. |
Posted at 28/6/2023 09:06 by davemac3 Nice contract, UK’s largest house builder, built over 17000 houses last year, would be good to know what share PodP have. |
Posted at 17/4/2023 09:50 by the chairman elect Shares of U.K.-listed electric charging infrastructure firm Pod Point are expected to surge by 118% over the next 12 months, according to Bank of America. The investment bank increased its price target and predicted shares of the company would rise to £1.74 in a note on April 11. The stock is up by more than 20% this year and was trading at £0.78 on Thursday. Bank of America expects the recent rise in the number of EVs in the U.K. to bolster demand for charging infrastructure and benefit the London-listed stock's bottom line. U.K. electric vehicle sales registrations have surged by 15% year-to-date, with battery electric vehicles reaching record highs in the first quarter of 2023, according to U.K. industry lobby group Society of Motor Manufacturers and Traders. The SMMT added that the increase suggests that " supply chain challenges slowly continue to ease " and production lead times will return to normal throughout the year. PODP-GB 5Y line Bank of America has raised its expectations for EV sales in the U.K. between 2023 and 2025 by 3-4% compared to its earlier estimates in February. Pod Point, with a market cap of £120 million ($150 million), manufactures its EV chargers and provides customers in the U.K. and Norway access to its electricity network. Since 2020, France's state-owned energy company EDF has been a majority shareholder with a 54% stake, according to FactSet data. Founded in 2009, the company also maintains hundreds of charging stations at supermarkets in the U.K. Last year, it became a "preferred" home-charge point supplier for German automaker BMW . "We still see a clear need for UK charging infrastructure, benefitting Pod Point as the #1 in the market, and with >100% potential upside, we reiterate our Buy," wrote BofA analysts led by Marianne Bulot in a note to clients on Apr. 11. BofA also said the discounted valuation for Pod Point shares is "unjustified" given the company's growth. The analysts forecast a compound annual growth rate between 50% from now until the end of 2025 and around 35% over the next decade... |
Posted at 17/2/2023 13:08 by kalai1 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, FY23 guidance was maintained, an acceleration of the business is targeted by management. The business is not yet profitable and investors will not see any profit in FY23 either, but obviously the sector and business have massive growth potential. Valuation looks reasonable with PS ratio at 1.23x. However, share price lacks momentum and has corrected lower over 70% since listing in November 2021. PODP is certainly an interesting company in a massive growth sector worth monitoring for the time being, but there is no rush to buy......from WealthOracle |
Posted at 17/2/2023 07:46 by the chairman elect Pod Point Group Holdings PLC (Symbol: PODP)Preliminary unaudited results for the year ended 31 December 2022 "Steady growth and delivery, through significant volatility" Pod Point Group Holdings plc (the "Company") and its subsidiaries (the "Group"), one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions is pleased to announce its preliminary unaudited results for the year ended 31 December 2022 Group Highlights · Continued revenue growth to £71.4m, up by 16% on 2021, ahead of Q4 guidance. · By segment: Home revenue up 3%, Commercial revenue up 31%, Owned Asset revenue up 108% and Recurring revenue up 107%. · Overall Gross Margin down from 27% to 23%, predominantly due to supply chain costs. · Home Gross Margin 20%, Commercial Gross Margin 22%, Owned Asset Gross Margin 53%, Recurring Gross Margin 58%. · Growth of communicating units to over 195k, up by 42% across all customers , strengthening the foundations of future recurring revenue. · Adjusted EBITDA Loss £ 7.0m as anticipated, with continued investment in growth. · Strong balance sheet with £74.1m cash, ahead of Q4 guidance, after planned investments in technology. · Growth prospects for 2023 remain strong, with guidance for 2023 maintained. Strategic and Operational Summary · Significant growth in network usage, with electricity transferred across our network up 113% at 367 GWh, helping to avoid 278k tonnes of CO2e[1], up 118% on 2021. · Key new customers won or renewed including BMW, Mini, JCB, Zenith, B&Q, and DHL. · Excellent levels of customer service maintained with a 4.3 out of 5 rating on Trustpilot and a 4.7 out of 5 rating on reviews.io with a 91% recommendation rate . · Home charge Average Basket Spend increased by 5% to £767 . · Headline Home Market Penetration (2) down by 3% to 15%, with the conclusion of OZEV grant causing customers to pull forward home charge purchases resulting in an overweight 2021 penetration, increased consumer cost of home charge and vehicle delivery delays all contributing. · Full year headline Home Market Penetration % expected to be modestly lower than 2022, with an improving trajectory as we move through the year. · Added a dedicated sales team focused on the housebuilding sector to address expected growth opportunity. · Owned asset sites increased to 564 with 1,254 charging points including 118 DC rapid units. · Supply chain assurance delivered with the successful transition of our high volume products to Celestica with initial cost savings, as well as product supply maintained throughout 2022. · Increase in Technology headcount from 65 to 134 to deliver product and platform innovation. Erik Fairbairn, Chief Executive Officer of Pod Point, said: This was an exciting year for Pod Point, as we completed our first full year as a listed company. We made excellent progress towards our goal of travel that doesn't damage the earth and continued to invest in scaling the business in preparation for the UK ban of internal combustion engines in 2030.' Like many others, we were negatively impacted by a number of well-documented macro-economic and geopolitical events; however, I am extremely proud of the team's performance. We achieved a 16% growth in revenue, with the 31% growth in our commercial segment being the highlight. We shipped and installed 68,693 charge points, and ended the year with over 195,096 connected units on our network. We transferred 367 GWh of electricity across our network and as a result helped our customers avoid circa 278k tonnes of CO2e. I am very much looking forward to accelerating the business further as we head into 2023. |
Posted at 28/7/2022 08:15 by the chairman elect Webcast presentationThere will be a webcast presentation for investors and analysts this morning at 09:00 am. Please contact podpoint@tulchangrou Enquiries: Tulchan (Public Relations adviser to Pod Point) James Macey White/ Mark Burgess/ Matt Low/ Laura Marshall / Arthur Rogers +44 (0)20 7353 4200 / PodPoint@tulchangrou BofA Securities (Joint Corporate broker) Peter Luck, Mitchell Evans +44 (0)20 7628 1000 Numis (Joint Corporate broker) Andrew Coates +44 (0)20 7260 1000 About Pod Point Group Holdings plc Pod Point was founded in 2009 by CEO and entrepreneur Erik Fairbairn. Driven by a belief that travel shouldn't damage the earth, Pod Point has installed over 175k charge points and is an official charge point supplier for major automotive brands. Pod Point installs a broad range of products from smart domestic charge points to high power rapid chargers and load balancing systems. Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions with customers including major retailers, hotels, restaurants and leisure venues. Pod Point is trading on the London Stock Exchange under the ticker symbol "PODP." For more information, visit [...] |
Posted at 12/7/2022 16:53 by mrphil As far as I can see, PodPoint pay for the electricity on a shrinking number of the Tesco chargers with Tesco paying on the rest, but they are gradually coming off that contract and becoming chargeable. This tends to be only the lower power 7kWh units as the 50kWh rapid chargers generally seem to be chargeable these days (they are regularly installed at Lidl) but I guess were probably on a similar two year contract. Certainly the 50kWh unit at our local Lidl was free for quite a while but then became chargeable to the user.There are several PODP 7kWh chargers in our local shopping centre which were all free to use until recently but are now chargeable. Not sure who was paying for the electricity but that's profit for someone now! PODP are also a popular choice for businesses installing EV charging for their staff, but I'm guessing they only get the income from selling the charger in those instances but happy to be corrected on that one. I have dipped my toe in with a few shares today as I have had reasonable experiences with their chargers over the past few years. Will keep watching and may add more. |
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