Pod Point Share Discussion Threads

[marky60] 16/12/2023 09:39

I would take a bet that the consultants have cost a few bob.

[trader465] 15/12/2023 15:40

Perhaps two years ago it was simply overvalued, and today it’s fairly valued?

[bookbroker] 15/12/2023 13:08

Two years ago this was valued at £345mln, now £31mln, simply unforgivable, even if initial hopes completely unrealistic.

[bookbroker] 15/12/2023 13:07

I think I’d rather take a bid for the value of assets currently, surely it would be better to seek consolidation in the charging market, it seems that Palmer believes in other things. The share price suggests little or no confidence in the current path, mainly because it is far too ambiguous!

[bookbroker] 15/12/2023 13:03

How is it that if the company has circa £47mln cash end of this year, that they burn through £32 mln through 2024 leaving £15mln in the bank. Sure there are £5mln costs exiting non-core businesses, but how are they planning to spend £30mln+ on building new interests. I like to know more!

[bookbroker] 11/12/2023 21:06

Be nothing left by end of 2024, Palmer an absolutely shocking businessman, ask anyone at Aston Martin.

[j arthur rank] 07/12/2023 22:29

Watched the CMD presentation today. Lots of buzzwords which is always a bad sign in my opinion. Also, should a £35 million market cap company be spending money on Bain & Co and Korn Ferry?Long since retired so maybe I'm out of touch these days but the new management seem to me have brought a big company culture to quite a small business so I will be interested to see if they can turn this one around.I wouldn't bet on it personally.

[soho2] 30/11/2023 16:04

Obviously another amazing performance NOT ...

[tomps2] 21/11/2023 10:33

Pod Point (PODP) Capital Markets Day held 16 November 2023

The 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:

[babbler] 16/11/2023 08:33

https://us02web.zoom.us/webinar/register/WN_Pq4pCMVKTIelFRw88ELQGA#/registration1300

[babbler] 16/11/2023 08:27

Well I expected more today tbh but feel it will be higher in 2 years. Especially if they deliver what they have promised today. The presentation later might give some interest.

[apotheki] 16/11/2023 08:20

Any thoughts Babbler on where the share price could be in say 2 years time?

[apotheki] 16/11/2023 08:17

Trading Update and Capital Markets Day

Powering Up to deliver significant growth and value

Pod Point, a leading provider of Electric Vehicle ('EV') charging solutions in the UK, will today host a Capital Markets Event to update the market on its new focused strategy and provide more details on its medium-term financial plans. Additionally, the Group is pleased to provide the following trading update.

Full year results are now expected to include revenue of at least £63m, adjusted EBITDA loss no greater than £16m and year-end net cash at least £47m. This is ahead of previous guidance of revenue of £60m, adjusted EBITDA loss of £17m and closing net cash of £40-£45m.

Highlights

· Powering Up, Pod Point's transformation and strategy builds on the Group's core strengths in its brand, leading market share and broad partnerships, by prioritising Home and Workplace segments and developing an Energy Flex recurring revenue stream to build Customer Lifetime Value (CLTV), combined with a significant cost out programme
· The Group will re-invigorate its core UK business through a refreshed product roadmap, further investment in brand and marketing, and strengthening its routes to market
· Using a capital-lite model, Pod Point will leverage this refreshed core business into select international markets, intending to supply its units to EDF distribution companies in France and Belgium, with other EU markets being assessed
· Pod Point has also entered into a Partnership Framework Letter of Intent (LOI) with EDF covering intended energy tariff partnerships and Energy Flex collaborations
· Material progress is being made in Energy Flex, with a new partnership with Centrica, to run a six month flexibility services trial including participation in National Grid's ESO Balancing Market trial for EV chargers
· Pod Point will explore opportunities within the Battery Energy Storage market to enhance its energy flex eco-systems having signed a Memorandum of Understanding (MOU) with Gotion, Inobat and Brillpower
· The core business continues to make progress with recent business wins including: Mercedes-Benz, Halliwell Jones, Group 1 Automotive, West Way Nissan, and Knight Frank
· New 5 year credit facility, until 2028, agreed for £30m with EDF, the Group's largest shareholder, providing material cash headroom to execute the strategy
· New 2024 guidance of around £60m revenue, adjusted EBITDA loss of around £14m and closing net cash position of around £15m reflecting the orderly exit from non-core segments and transformation cash costs
· New 2027 financial targets of at least doubling revenue, Free Cash Flow positive, 15% of Group to be recurring revenues, with adjusted EBITDA positive in 2026


Andy Palmer, Chief Executive Officer, said:

"We're excited to share our new focused strategy today, setting out the next stage in Pod Point's journey as a leader in the EV charging sector. In Powering Up, we see us build on our core strengths in Home and Workplace, creating a business that is both streamlined and well positioned for our new product offerings such as Energy Flex, as well as our expansion into new international markets.

The business has made good progress since our last update, with significant business wins and the signing of an Energy Flex partnership with both EDF and Centrica, and we remain confident in our ability to lead the UK's EV transition."

[babbler] 16/11/2023 08:07

Very nice update

[teaboy100] 03/11/2023 11:45

Nice to see a few days of rising share price Makes a change from the last few weeks.Hopefully much more to come.

[bookbroker] 23/10/2023 08:42

Been listed for just under two years, managed to see its value lose 90% of its value, an appalling destruction of shareholder value. Not the first, and neither the last, but management here really not should be even in employment, they should be doing porridge!

[bookbroker] 23/10/2023 08:31

Not sure why this company should be valued so far below cash, even with cash burn. Palmer should be keeping costs to a minimum, that means trimming staff levels to necessary capacity to fulfil orders. This is trading like it has no business model fit for the future, maybe that is the case. In which case they should be looking at putting themselves up for sale with the strength of the balance sheet. Its existing customer base has to have some value, and its IP along with the cash in the bank. The valuation suggests no future, not sure what EDF think as they are the principal shareholder. Maybe that is the problem.

[bookbroker] 20/9/2023 11:56

I don’t think so, the drive to car electrification has momentum. It is not about the end of the combustion engine, it is about people’s willingness to grasp climate fluctuations, and a cleaner environment. That, and running costs.

[davemac3] 20/9/2023 10:31

a delayed ban on petrol/diesel cars won't help here

[apotheki] 29/8/2023 10:10

Battery News

UK installing hundreds more rapid charging points to help EV transition

Hundreds of EV chargers have been installed in the UK this year in a shift that will help end consumer “range anxiety”.

London and the south-east have far more chargers of different speeds than the rest of the UK, but high-speed chargers, used for quick recharging on longer journeys is increasing across the UK.

The West Midlands, east Midlands, the south-west of England and Wales all installed more rapid or ultra-rapid chargers than London during the past year, according to data from ZapMap.

Nine out of 12 regions of the UK installed more than 100 rapid chargers during the past year, ZapMap’s data showed.

Most of the UKs public chargers are classed as ‘slow’ or ‘fast’ chargers, but there is more need for ‘rapid’ and ‘ultra-rapid’ chargers to aid the EV transition.

Rapid chargers can deliver between 25 and 100kW of power – with a 50kW connection able to charge the average car to 80% in less than an hour.

Ultra-rapid connections of more than 100kW (and up to 350kW for the newest cars) can achieve even faster times, and therefore charge more vehicles during the same time at motorway service stations, albeit at a higher cost for customers.

[knuttle] 15/8/2023 08:50

Looks like a good buy!

[mrphil] 04/8/2023 08:28

Just spent a few days on IOM and PodPoint seem to be the leading EV charging provider on the island. Every single one we tried was dead easy to use and all of them worked perfectly until the last day when the one Rapid Charger on the island had tripped. One quick message to them on the app and it was reset within minutes which I think is the best customer service I have seen from an EV charging provider!