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WILL BE ADDING HERE DURING THIS MARKET PANIC
BUYING THE BLOOD ON THE STREETS |
Appointment of Joint Corporate Broker
Pod Point, a leading provider of Electric Vehicle ('EV') charging solutions in the UK, is pleased to announce the appointment of Panmure Gordon (UK) Limited as Financial Adviser and Joint Corporate Broker to work alongside Canaccord Genuity Limited, with immediate effect. |
About Pod Point Group Holdings plc
Pod 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." |
The Labour manifesto with house building and green energy has the potential to be a boon for PODP |
What a lovely pay day for Melanie down the line if she pulls this appointment off. Good luck to her and the others. It will be interesting to find out the performance clauses attached to the vesting. It should be a fun ride over the coming years, this is certainly a long term incentive arrangement and a clever lock in. An impressive organisation. |
AGM on 5th June |
Was just about to post that. The 10d/3m volume has rocketed by 230%!! Big players accumulating perhaps. Nor far off crossing 50d SMA. Might add here |
And already over 5M at 09:20 this morning:) |
Over 5m shares traded today! Biggest volume since end of July 2023. |
Big surge in volume last 2 days.
10d/3m volume up by 55%. Big boys accumulating? |
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. |
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: |
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. |
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? |
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 |
Already in place, most of losses from writedowns and discontinued operations. |
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 |
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 |
That's an interesting rise into the close. Fireworks next week! |
EV’s are not the future of this business, it is about energy storage solutions. |
Jeez a Darcia. That's enough to put anyone off electric cars for life! |
Will be interesting to see if there is a reaction next week when the new Dacia is launched. |
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