Pod Point Share Discussion Threads

[trader465] 02/5/2023 10:17

How many years until are they expecting to be profitable?

[bookbroker] 02/5/2023 10:01

Be good to see this company announce a few agreements with house builders to install external charging points in new buildings.

[bookbroker] 27/4/2023 10:03

Given up all the gains since the above article, bit of a shame, maybe a buying opportunity.

[the chairman elect] 17/4/2023 09:50

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...

[dil 21] 15/4/2023 00:59

Sentiment and momentum appears to have changed , don’t try to pick bottoms but after monitoring for months bought today.

Bit of resistance at 110p then next stop is 160p.

DYOR blah blah , just my own thoughts.

[davemac3] 14/4/2023 10:36

clickable link

[bookbroker] 14/4/2023 10:05

Which one is that?

[warrenbuffet73] 14/4/2023 09:43

hxxps://headtopics.com/us/bank-of-america-expects-this-under-the-radar-global-ev-charging-stock-to-soar-118-37936722

[teaboy100] 14/4/2023 09:06

Good to see a healthy tick up. I'm back in profit. Hopefully more to come.

[bookbroker] 14/4/2023 08:30

Some life in this dog yet, it appears!

[the chairman elect] 06/3/2023 10:25

Plus the chart looks bullish with a break out from a basing position

[the chairman elect] 06/3/2023 10:22

Take over rumours

[bookbroker] 28/2/2023 09:36

Time for Fairbairn to dip his hand in here again and buy some stock. Never really understand these automated trades, and how they are used to manipulate the price, but appear to create distortions nonetheless. I still believe this company has good prospects, but need to better monetize their assets.

[bookbroker] 24/2/2023 09:26

Knocking on the door of a decent move north, needs a catalyst, Govt. should reintroduce incentives for EV’s, that is if they wish to see the 2030 deadline met.

[bookbroker] 22/2/2023 15:13

Think this could see some upward movement soon, has a sound business model, and maintaining forecasts.

[teaboy100] 22/2/2023 15:09

Healthy volume today. Nice to see a few large buys. Institution or HNWI?

[elrico] 17/2/2023 13:09

https://knowledge.sharescope.co.uk/2023/02/17/powertrain-transition-are-we-deluded/

[kalai1] 17/2/2023 13:08

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

[the chairman elect] 17/2/2023 07:46

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.

[rudda92] 13/2/2023 20:50

They should be capitalising on the long wait times for electric vehicles. Getting their infrastructure in place for when these cars are delivered would be the best course of action

[bookbroker] 13/2/2023 20:30

Do not see much change, reading the reports on EV’s still long wait times both for new cars, queue’s to charge and lack of charging points.

[rudda92] 13/2/2023 19:58

Trading update Friday for podpoint. Fingers crossed for some positive news