Pod Point Share Discussion Threads

[hedgehog 100] 02/1/2022 14:28

"An EV stock that I think could have a rampaging 2022

Andy Ross | Wednesday, 8th December, 2021

In November this year, electric vehicle charging company Pod Point (LSE: PODP) joined the London Stock Exchange. It’s an EV stock that I think could do very well next year.

Why could Pod Point be a top EV stock?

When it comes to loss-making growth companies like Pod Point I think it pays to focus on revenue growth and the market opportunity, and also the route to profitability. On all three counts, I like what I see.

Pod Point generated revenue of £17.2m in the year ended 31 December 2019 (a 45% increase from the year ended 31 December 2018) and £33.1m in the year ended 31 December 2020 (a 91% increase from the year ended 31 December 2019). Revenue increased £14.6m, or 123.0%, from £11.9m in the six months ended 30 June 2020 to £26.5m in the six months ended 30 June 2021

The EV market is set to grow massively. Electric vehicle sales increased by 160% in the first half of 2021 from a year earlier.

The company has great relationships and is winning new business so I think it can become profitable.

What else is to like?

The company was founded in 2009. I don’t think Pod Point was bought to market just so the owners could make a quick buck. The current CEO founded the business and still retains almost 1.8m shares in the company. He’s entrepreneurial, having previously founded and sold supercar rental club Ecurie25, which I find encouraging.

The company has manufactured and sold over 102,000 charging points across the UK and Norway. Pod Point has also installed a public network of over 5,200 charging bays across key locations including leading supermarkets. What this shows me is that it has scale and a product customers want, which bodes well for the future.

It has developed good relationships with a wide range of customers including automotive OEMs (such as Audi, Jaguar Land Rover, Nissan, Peugeot, Volkswagen, and Hyundai), as well as fleet management companies, property developers, couriers, and leisure operators. Therefore, it has diversified income sources.

What might hold back the shares?

Competition is a risk. However, at 30 June 2021, Pod Point had 102,000 charge points, compared to approximately 58,000 charge points installed by bp pulse. Pod Point’s directors consider bp pulse to be its next largest competitor in the UK.

Evolution in the market could also either render Pod Point’s technology obsolete or reduce demand for EV charging stations, but that seems unlikely. Also, it’s loss-making, which is a risk to be aware of.

Given its desire to grow and take market share I’m not overly concerned that Pod Point is loss-making. It’s a well-worn path in emerging industries for companies to have to invest heavily to get noticed and build up their infrastructure.

I think this market is hotting up and will continue to excite investors, and I think Pod Point could do really well in 2022. Once more results come out, I’ll consider investing in this EV stock if it becomes clearer it’s on the path to future profits and is winning new business."

[hedgehog 100] 30/12/2021 18:15

Yes CE, PODP is still very much under the radar of many investors, and the stock deserves a much wider audience.


"New fully-electric vehicle sales will reach 300k next year to comprise one in seven UK car purchases, analysis estimates

▪ 163k pure EVs were registered in the UK in the first 11 months of this year
▪ A ban on new petrol and diesel motor purchases comes into force in 2030
▪ The Tesla Model 3 and Jaguar i-Pace are very popular with British car buyers

By HARRY WISE FOR THIS IS MONEY

PUBLISHED: 16:32, 29 December 2021 | UPDATED: 19:15, 29 December 2021

Wholly electric vehicles will comprise one in seven of all new automobile purchases in the UK next year, new analysis predicts.

Around 300,000 battery-powered electric vehicles (BEVs) will be bought in 2022, equivalent to about 15 per cent of the car market, transport research consultancy New AutoMotive has estimated.

This compares to the 163,000 registered in the first 11 months of this year, according to figures from the Society of Motor Manufacturers and Traders, which itself was an 89 per cent jump on the same period in 2020.

Electric vehicle sales have shot up in Britain in recent years as concerns about the environment have continued to grow, the cost of lithium batteries has fallen, and the level of public charging infrastructure has expanded. ...

There are also set to be another 145,000 charging stations added to England's roads every year, hundreds of millions in funding to improve battery technology and financial incentives such as plug-in grants. ...

He also warned that the 'biggest obstacle' to greater uptake is that on-street public charging infrastructure 'hasn't kept pace' with demand. ..."

[the chairman elect] 30/12/2021 17:50

"It will be interesting to see if the company is tipped over the New Year long weekend: it would certainly make an excellent selection."

Was also thinking the same!

[hedgehog 100] 30/12/2021 17:39

PODP's finish at 280p is easily a new closing high, and has put it on today's top gainers list, which is good going for a stock as large as this.

LSE % Gainers Top Lists
EPIC Name % ...
PODP Pod Point +11%

It will be interesting to see if the company is tipped over the New Year long weekend: it would certainly make an excellent selection.

[the chairman elect] 30/12/2021 16:52

As 2022 will no doubt be all about the EV revolution [already own the likes of LSE:TGR, LSE:KOD, LSE:KAV, LSE:FRG etc] have bought a decent chunk of LSE:PODP as AIMHO they could be one of the top performers share price wise in 2022!

[acuere] 30/12/2021 16:52

End of day 916136 Buy at 280p. That’s a pretty big vote of confidence.

[hedgehog 100] 30/12/2021 12:18

Thanks for that useful snippet Adorling ... I am adoring your info.!

Early in the New Year, I would expect PODP to give a trading update for its year end 31.12.21, and all eyes will be on the full year revenues.

2020 revenue was £33.082M., but I would expect it to reach £60M. this year, which will highlight the company's exponential growth.

And in 2022 revenue could exceed £100M., and could be up about ten-fold in just a few years.

Pod Point revenue growth -

Year end 31 December
(£000)
2018 2019 2020
11,866 17,295 33,082

This sort of explosive growth is very rare, and investors will pay highly for it.

[adorling] 30/12/2021 08:18

Just placed my order for a home installation EV charger and was told due to high demand I may not get my installation completed by the March 2022 subsidy cut off date. That would be disappointing but as a shareholder it tells me PODP are very busy with increasing orders.

[hedgehog 100] 29/12/2021 19:35

From www.pod-point.com/electric-car-news/year-review-2021 -

"Year in review: our 2021

Posted by David: Dec 21, 2021 • 1 min read

Despite the ongoing challenges, our 2021 ended with the best Christmas present of them all.

2021 was another year of unprecedented uncertainty, with the world adjusting to the new normal and lockdowns coming and going.

Like many businesses, we continued to face unprecedented challenges over the last year. But with drivers around the country embracing the electric vehicle revolution and utilising our ever-expanding public charger network, we’ve smashed our previous milestones.

All this equates to another massive step forward from the EV charging community towards a clean and green future - one where travel doesn’t damage the Earth and climate change is a thing of the past.

Pod Point’s 2021

Whether it’s keeping chargepoint installations progressing safely or releasing new features on the Pod Point App, our rapidly growing team has been busier than ever. And in November, all our hard work paid off in the best possible way!

Take a look at our key moments from this year: ...

Team growth

Since the start of the year, we've grown as a company from 250 employees to a whopping 400+ Pod Pointers!

And with the success of our LSE float, there's plenty more joining next year. ..."

[hedgehog 100] 16/12/2021 18:33

Another electric vehicle company that has floated recently is Wallbox.

NYSE-listed Wallbox N.V. (WBX) has a market cap. of US$2.218 billion at its current share price of US$13.78.

It was founded in Spain in 2015, and is forecasting 2021 revenue of US$79 million, i.e. about £59M.

Whereas PODP had first half 2021 revenue of £26.5M., which is climbing rapidly, so its full year revenue should exceed WBX's.

But PODP's market cap. is the equivalent of under half a billion dollars, i.e. well under a quarter of WBX's.

Wallbox N.V. (WBX):

[hedgehog 100] 07/12/2021 18:29

To date Pod Point has installed over 100,000 charging units -

"Published 19 October 2021
By David Mullen

ELECTRIC VEHICLE CHARGING FIRM POD POINT PREPARES FOR STOCK MARKET FLOTATION

'Significant market opportunity ahead,' says CEO

POD POINT, Britain’s largest provider of electric vehicle home charging kits, is preparing for a stock market flotation that could raise around £120 million in capital for the company.

The Initial Public Offering (IPO) could value Pod Point at several hundred million pounds, with some sources even suggesting a figure as high as £725 million, roughly the equivalent of $1 billion, a “unicorn” in investment parlance.

...Pod Point was founded in 2009 by Erik Fairbairn and, as well as being the UK’s biggest provider of EV home-charging technology, is also the second largest provider of workplace chargers. Thus far, the company has installed around 89,000 home chargers and 13,000 commercial units. ...

Pod Point predicts that the UK will need 25 million public and private charging points by 2040. ..."




EO Charging has installed half that number, but is floating in America with a valuation of USS$675M., via a RTO (reverse takeover) of the SPAC First Reserve Sustainable Growth Corp. -

[hedgehog 100] 07/12/2021 17:55

And thanks to Acuere on LSE for flagging up this article on Proactive Investors -

"UK public electric vehicle charging infrastructure is falling behind new EV car sales

For investors, there are a few companies involved in the EV charging sector

Oliver Haill
08:30 Mon 06 Dec 2021

More investment is needed in UK public electric vehicle charging infrastructure, car makers said, as sales continued to grow last month.

Plug-in cars represented 28.1% of UK new car sales in November, with 21,726 battery EV vehicle (BEV) registrations and 10,796 plug-in hybrids (PHEV).

In total 115,706 new cars registered in November, up 1.7% on the same month of last year, the Society of Motor Manufacturers and Traders (SMMT) revealed today, but down 31.3% on the pre-pandemic five-year average.

So far in 2021, of the 1.54mln new cars registered, 17.5% have been BEV or PHEV, the industry body said, meaning one in six new cars is capable of being plugged in.

When combined with the 9% hybrid electric vehicles, 26.5% of the new car market during 2021 has been electrified.

However, the pace of on-street public charging infrastructure is lagging, the SMMT said, based on its latest analysis.

The number of plug-in cars potentially sharing a public on-street charger deteriorating from 11 to 16 between 2019 and 2020, the SMMT found.

There was just one standard on-street public charger installed for every 52 new plug-in cars registered over the course of this year, the industry body added.

Moves to accelerate the installation of EV infrastructure in the past year have included a proposal by the government last month for all new homes and buildings to be required to have charging points from next year.

In the summer, electricity regulator Ofgem said distribution companies will invest £300mln into a project to more than triple the UK’s electric vehicle charging capacity with 1,800 new ultra-fast points at motorway service stations and a further 1,750 in cities and towns including Glasgow, Kirkwall, Warrington, Llandudno, York and Truro.

In October the government announced it will provide an additional £620mln of funding for EVs, including zero emission vehicle grants and EV infrastructure, including local EV infrastructure with a focus on local on-street residential charging.

For investors to access this market there are a few London-listed companies involved in electric charging, with the only specialist being Pod Point Group Holdings PLC (LSE:PODP), which floated last month.

Rather than public charging points, Pod Point is a specialist in installing home and workplace charging points, with an estimated market share of 50-60% market share of the domestic market and around 20% of workplace.

EO Holdings, an English designer of electric vehicle equipment, has agreed to float on New York’s NASDAQ via a merger with special purpose acquisition company (SPAC) called First Reserve Sustainable Growth Corp.

EO, was founded by former Pod Point marketing manager Charlie Jardine, has 50,000 chargers in more than 35 countries as it positions itself as “the ultimate plug-in charging partner for any business", with customers including Amazon, DHL, GoAhead, Tesco and Uber.

Tesla Inc (NASDAQ:TSLA) also said it will start to allow drivers of other brands to use its electric vehicle charging network this year in all countries.

Otherwise the largest exposure to the sector is probably via Royal Dutch Shell, which recently said it aims to install 50,000 on-street chargers in the UK by the end of 2025, and BP PLC (LSE:BP.)."

[hedgehog 100] 06/12/2021 17:25

Thanks to xxxAccountant on LSE for flagging up this -

"Rail company extends EV roll-out with more charging points

By Danny Longhorn December 1, 2021

The roll-out of Electronic Vehicle (EV) infrastructure is well underway on the Thameslink, Great Northern and Southern railway network, with new charging points and parking bays added to the next wave of stations.

Rail operator Govia Thameslink Railway (GTR) is currently completing the second wave of the roll-out, after unveiling its dedicated EV charging hub at Hatfield station in September 2020, which at the time was the largest in UK rail, with 27 points.

Strengthening its commitment to the country’s green recovery, the rail operator is now in the process of installing EV charging points at a further 10 stations across Thameslink, Great Northern and Southern routes. These include Luton, Luton Airport Parkway, St Albans, Elstree & Borehamwood, Cooksbridge, Harpenden, Watton at Stone, Bayford, Palmers Green and Potters Bar.

In partnership with Pod Point, a leading provider of EV charging infrastructure, the installation of EV charging points is part of GTR’s focus on supporting green travel options and will help to meet increasing consumer demand for electric vehicles. ...

Erik Fairbairn, Founder and CEO, Pod Point, added: “Pod Point’s vision is for travel that doesn’t damage the earth and this partnership is exciting as it allows UK commuters to experience truly integrated electrified transport. It also makes it easier for drivers to choose electric, by offering a convenient alternative to home or workplace charging – particularly important to those without off-street parking. The partnership is setting a blueprint for EV charging across the rail industry and we’re looking forward to powering up even more stations as the roll-out continues.” ..."

[cottoner] 23/11/2021 07:37

Building Regulations changes are go

Get set for new EV charging mandates!

Following a government consultation back in 2019, UK Prime Minister Boris Johnson confirmed that the government will introduce new legislation that requires all new-build and retrofit homes and commercial buildings in England be installed with electric vehicle charging points from 2022.

The changes will result in the installation of as many as 145,000 new electric car chargers across new-build residential properties in England, as well as commercial properties such as supermarkets, offices, and buildings undergoing renovations. The new regulations will add fuel to the already rapid adoption of EVs by making it easier for UK drivers to choose an electric vehicle.

continues....


Article in Pod Point website - a direct link not being permitted.

[acuere] 22/11/2021 11:13

EDF paid £110m in Feb 2020 for their stake

[tomboyb] 22/11/2021 11:06

Any ideas what value EDF bought their stake in Podpoint? -

[a_game] 22/11/2021 10:46

PodPoint definitely the best of the 3rd party chargers, Tesla the best 1st party (by a million miles).

Have a tranche here that will be tucked away.

[soho2] 22/11/2021 08:23

Yes I read this too this morning... :)

[goodgrief] 22/11/2021 08:15

Other charge point installers are available e.g. NEXS

[goodgrief] 22/11/2021 07:52

New homes in England to have electric car chargers by law hTTps://www.bbc.co.uk/news/business-59369715

[saltaire111] 18/11/2021 17:39

I’m new to pod point and I don’t drive an electric car.

But I like the look of the business strategy and think there’s a fair chance of a bidding war breaking out over this at some point as the market.

Salty .

[priteshpatel9] 16/11/2021 12:34

Crowded space already. Just hope for acquisitions. The ones that will win are the ones who maintain them and ensure they offer competitive pricing.Instavolt 40p, largely available and well maintained (coz nobody uses them due to cost) Podpoint slow chargers are free at Tesco, 28p kwh for fast charging. But always busy.

[trickydicky1] 16/11/2021 12:03

Buy and forget?

Will chargers be ubiquitous?
Will PodPoint maintain its brand leadership?
Will the ‘smart’ terminals have benefits that are unclear today?

Who knows?