Pod Point Share Discussion Threads

[acuere] 15/11/2021 15:42

Thanks for sharing that. It’s well worth a read.

I can’t believe how quiet this BB is - I’m not complaining. This is probably one of the most exciting sectors long term and PODP has positioned itself to take full advantage. Easy to see it being many multiples of present market cap especially when compared to the valuations already afforded to its peers.

I won’t make the mistake I made years ago with the likes of Amazon etc. I never bought as I thought the share price was ahead of itself with little upside as it would be loss making for years. Doh!

[riverotter] 14/11/2021 22:57

Analysis and research on the Pod Point IPO. Plus, a dig into the UK EV charging market and global competitors. As always, interested in any comments or thoughts. I have a number of takeaways after writing up this piece...notably, that the home charger market is really where the revenue is at in the short term, margins are the juicest. But I wonder whether workplace, destination and en-route charging are really likely to be where the important recurring revenues come from for the future. The charging market feels like a full blown land grab and it is intriguing to see oil multinationals, electricity utilities and car manufacturers all competing to deliver those that kWh to your Tesla, or slightly more modest Nissan Leaf! Compared to other listed rivals, Pod Point looks well-priced, as valuations stateside have already exploded.

hxxps://riverotter.co.uk/2021/09/12/pod-point-ipo-ev-market-and-fully-charged-players/

[starpukka] 11/11/2021 15:24

I've bought in early this morning around share price 2.27 and there's been a nice little rise since. I would love to hold for the long term. We'll see.

[sphere25] 11/11/2021 15:04

Regret putting this on the watchlist.

If you're flicking between tabs or prices on the ole computer monitor, and then glancing over this one...the EPIC looks like POOP sometimes. It sort of strangely puts you off buying it.

It doesn't help when you actually then type POOP in to try and get the level 2 prices!

Oddly enough it did price at the erm..."bottom" end of the range.

I don't get the valuation's. Glance over the figures here and they look out there, but this is the new world where exuberance is in abundance.

It almost makes you wonder if the valuation is what the EPIC looks like at times, but clearly I'm not with the times.


(Removed from watchlist and got the coat and left the building)


All imTERRIBLEo
DYOR

[spob] 10/11/2021 20:46

Pod Point’s power surge


EV charging company has gone public as governments and major companies ramp up roll-out of infrastructure

November 10, 2021
By Jemma Slingo

Charging company floats at 225p a share and raises almost £100m
Pod Point has half of the market for household car chargers

Electric charging point companies are racing to secure the capital needed to build out networks ahead of the UK’s 2030 ban on new petrol and diesel cars.

Their energy is well-placed. Almost a quarter of vehicles sold in the UK last month had a plug, either as battery electric cars or hybrids, and BloombergNEF predicts that we will need 600,000 new public chargers and more than 11m private chargers by 2040 to cater for the surge in demand.

Pod Point (PODP), which listed on the main market of the London Stock Exchange this week, is one such company. Founded in 2009 and bought by EDF (Fra:EDF) last year, Pod Point sells and installs domestic and commercial charging units.

The company floated almost 29 per cent of its shares at 225p a share, raising £99.7m in a deal that valued the business at £352m. Pod Point has been well-backed, with shareholders including institutions such as Legal & General, Schroders, BMO Asset Management and Santander, according to its prospectus. French power giant EDF will continue to hold more than half of its shares.

Pod Point already enjoys a 50-60 per cent share of the market for household car chargers. In recent months, however, attention has shifted away from home-charging towards public services. More than 60 per cent of households in English cities and urban areas do not have off-street parking, and companies are eyeing up the potential of residential streets, motorway service stations and shopping centres.

Earlier this week, London-based Connected Kerb announced plans for 190,000 on-street chargers by 2030 at a cost of almost £2bn. It received backing from US-based EV charging infrastructure provider Charge Enterprises in June.

The oil and gas giants are also muscling in on the action: Royal Dutch Shell (RDSB) intends to install 50,000 lamp-post-based chargers by the end of 2025 through Ubitricity, a European company it acquired in February. Meanwhile, BP, which bought Chargemaster in 2018, is rolling out new ultra-fast charging hubs in high-traffic areas.

Pod Point is operating in a competitive arena, but has grown quickly, achieving a step change in its revenue growth ahead of its listing. Turnover grew 91 per cent to £33.1m last year and in the first six months of this year it hit £26.5m. Its margins are climbing alongside big increases in unit sales: between 2019 and the first half of this year, the gross margin per home unit installed doubled to £204, while for commercial units this climbed from £277 to £379.

Pod Point chief executive Erik Fairbairn, who set up the business in 2009, said the initial public offering (IPO) would allow the company to invest in improving technology and add sales capacity.

There is certainly plenty of scope for expansion. Charging infrastructure is still hard to find in much of the UK: ZapMap data shows Greater London has 8,412 charging points, while Wales makes do with just over 1,000. Greater Manchester’s population of 2.8m is tussling over just 360 charge points, according to Transport for Greater Manchester.

Then there are the charge points that have been installed and fallen into disrepair or disuse, after the government threw money at schemes that local councils lacked the expertise to deliver. The government is still ploughing money into subsidies: a further £620m has been set aside for EV infrastructure, with a focus on on-street residential charging. However, companies are becoming increasingly tactical as drivers’ habits develop.

Contracts with retailers are an important source of growth, for example, and Pod Point boasts a potentially lucrative partnership with Tesco (TSCO), installing thousands of charge points in the supermarket’s car parks.

Kilowatts (kW) matter in this industry, though, and questions have been raised about the slow 7kW chargers that Pod Point has installed next to Tesco stores.

Ryan Fisher, an analyst for electrified transport at BloombergNEF, said that the retailer “may regret going with a slow charging strategy” as drivers may want to fully recharge their vehicles while they shop.

The German supermarket chain Rewe, for example, is installing 150kW-300kW chargers in partnership with Shell, which can still take up to an hour to fully replenish a flat battery. Morrisons and Lidl have also opted for faster options. Pod Point also offers 50kW at a cost of 28p per kilowatt hour (kWh).

Pod Point’s potential misstep by not focusing solely on rapid chargers highlights an important issue: drivers’ habits are still evolving and long-term strategies remain untested. Will the petrol station infrastructure owned by BP (BP.) and Shell give them the upper hand? Or will forecourts become largely redundant as drivers charge at home, at work, or while they shop?

Political tension is also likely to emerge as streets become cluttered with charging points and on-street parking becomes even more fraught. And that doesn’t even begin to cover concerns about hacking, which analysts fear could lead to charging blackouts and whole road networks going down.

Despite these fears, investors remain very keen on EV-connected shares: US EV company Rivian (US:RIVN) priced in New York this week with a valuation range topping out at $67bn (£49bn), and is only expected to deliver around 1,000 vehicles this year. If Pod Point can tap into even a fraction of that excitement, it could be an energy transition winner.

[hedgehog 100] 09/11/2021 09:55

Current share price 9th. November 2021: 224.85p
Market capitalisation: £344.93M.


From www.investors.pod-point.com -

"We believe travel shouldn’t damage the earth.
That’s why we’re building the charging infrastructure needed to enable mass adoption of electric vehicles."


04/11/2021 06:59 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Announcement of Offer Price LSE:PODP Pod Point Group Holdings Plc

"Announcement of Offer Price

Following the intention to float announcement on 18 October 2021, Pod Point today announces the successful pricing of its initial public offering (the "Offer") at 225 pence per Share (the "Offer Price"). Based on the Offer Price, Pod Point's market capitalisation will be approximately GBP352[1] million at the commencement of conditional dealings on the main market of the London Stock Exchange.

[1] Includes the impact of vested and unvested IPO share awards.

Erik Fairbairn, CEO of Pod Point Group Holdings plc, said:

"I founded Pod Point in 2009 with a mission to make travel which does not damage the earth. Today, we are taking another great step towards making this dream a reality.

I am extremely proud of and grateful to the whole Pod Point team for getting us this far. I have no doubt that Pod Point will play a major part in the UK's transition to electric vehicles.

I am also thankful to the new investors who have decided to support Pod Point and our vision. With their backing and the continued support of our existing shareholders, I know we can achieve our goal of a Pod Point everywhere you park."

Offer highlights

-- The Offer Price has been set at 225 pence per Share.

-- Pod Point's total market capitalisation at the commencement of conditional dealings on the main market of London Stock Exchange will be approximately GBP352[2] million based on the Offer Price.

-- The Offer is comprised of 44,315,828 new Shares to be issued by the Company to raise gross proceeds of approximately GBP100 million.

-- In addition, a further 4,431,583 existing Shares in the Company are being made available by EDF Energy Customers Limited ("EECL"), a subsidiary of Électricité de France S.A. ("EDF") and Legal & General Capital Investments Limited pursuant to the over-allotment option, which, if exercised in full, would increase the number of shares in public hands to 48,747,411 Shares in total and approximately 32 per cent. of Pod Point's issued share capital.

-- EECL intends to subscribe for approximately GBP15.0 million of new Shares to be issued by the Company and Erik Fairbairn intends to subscribe for approximately GBP4.0 million of new Shares to be issued by the Company, in each case at the Offer Price (outside the Offer).

-- Certain individuals, including the proposed Directors of Pod Point, intend to apply for or acquire new Shares at the Offer Price (outside the Offer) in the amount of approximately GBP1.3 million in the aggregate.

-- Immediately following Admission, the Company's issued share capital will be 153,403,537 Shares.

-- Full details of the Offer will be included in the Prospectus.

[2] Includes the impact of vested and unvested IPO share awards.

Admission and dealings

-- Conditional dealings in Pod Point Shares are expected to commence on the London Stock Exchange at 08:00 am (UK time) on 4 November 2021 under the ticker "PODP". Investors should note that only those who applied for and were allocated Shares in the Offer will be able to deal in the Shares on a conditional basis.

-- Admission to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed Securities of the London Stock Exchange, and the commencement of unconditional dealings is expected to take place at 08:00 am (UK time) on 9 November 2021.

-- Full details of the Offer will be included in the Prospectus, which is expected to be published later today and will be available on the Company's investor relations website at [...] subject to certain access restrictions.

Further information

-- The Company, EECL and LGCIL will be subject to a 180 day lock-up from the date of Admission. The Directors will be subject to a 360 day lock-up from the date of Admission. The lock-up restrictions are certain to certain customary exceptions and may otherwise only be waived with the prior written consent of the Joint Global Co-ordinators.

-- Subject to Admission and satisfying the appropriate criteria, the Company expects to be eligible for inclusion in the UK's FTSE Indices and to qualify for the London Stock Exchange's Green Economy Mark."




09/11/2021 07:21 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Admission to Trading on the London Stock Exchange LSE:PODP Pod Point Group Holdings Plc

"Further to the announcement on 4 November 2021 in connection with its initial public offering (the "Offer"), Pod Point Group Holdings plc announces that its entire issued ordinary share capital, consisting of 153,403,537 Shares, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "PODP"."