Pod Point Share Discussion Threads

[hugoramp] 20/1/2025 19:22

Serinus Energy just made a purchase 10 times the market cap

hxxps://www.cronista.com/negocios/la-petrolera-chilena-enap-vendio-sus-activos-en-el-pais-a-un-grupo-estadounidense/

[tenapen] 20/1/2025 18:30

Now then now then.

Keep taking the tablets and feel better soon dearie.

[tenapen] 20/1/2025 16:39

A growth company - they need to spend to grow. If you don't believe in the energy transition you sell or don't buy. If you do go for it !. Buy a few with money you can afford to lose, and tuck them away.

No advice intended.

[martinmc123] 20/1/2025 13:01

2*
Pod Point Group Holdings PLC, a leading provider of Electric Vehicle charging solutions in the UK, issued a soft pre-close trading update for the 12 months to 31 December 2024. Ongoing weakness in the private new car segment of the EV market, continues to affect trading, resulting in lower-than-expected revenues of c.£53m, against guidance of c.£60m. Adjusted EBITDA loss is still expected to be in line with guidance of around £14m...from WealthOracle

wealthoracle.co.uk/detailed-result-full/PODP/1159

[indiestu] 20/1/2025 09:33

EBITDA loss as expected on lower revenues. That's disappointing but I get the market is still weaker than expected so maybe a little over ambitious on the predictions. The cash position is interesting. Where has the money been spent? They say there has been an expansion in working capital but have not explained why. Have they purchased stock in anticipation of the accelerating roll out in Spain and France? Commercial market. This has changed their debtor book, I guess they have given terms to these customers but not invoiced in FY24. So is this revenue to be booked in early 25? EDF comfortable letting them run into the credit facility. Surely a sign of confidence? I thought it was turning with the recent run up. It would be slightly embarrassing to have to raise more cash.

[girvin] 20/1/2025 09:20

EV charging companies are financially unviable. This company will never make a profit and needs a fundraiser now. The taxpayer will end up footing the bill for EVAnd the governments net zero targets.

[rolo7] 20/1/2025 08:50

Edf owned by French government?

[trader465] 20/1/2025 08:31

Out at a loss "again" here, perhaps I'll catch it right next time

[tenapen] 20/1/2025 08:05

Decent IMHO

[trader465] 20/1/2025 07:47

Melanie Lane, Chief Executive Officer, said:

"Pod Point had a remarkable 2024, despite the utterly difficult market backdrop—so difficult, in fact, that we managed to achieve… well, not much. As predicted, 2024 was a "transitional year" for our finances, which is a polite way of saying we didn’t make much money. We’ve been “working on our costs,” which, in simpler terms, means we’ve been cutting things that weren’t doing too hot—like, you know, revenues.

Our best friend in all of this? EDF. They've been so “supportive221; that it’s almost like a pity party, giving us the resources and expertise to keep trying with our Energy Flex business. Oh, and we’re also still exploring international market opportunities—just, you know, in case something actually comes up.

Kudos to the team for executing our grand plan and delivering on our KPIs, even though those KPIs were more of a suggestion than a target. And don’t forget the massive internal reorganization we did—because nothing says "we’re on track" like completely shaking things up. But hey, we’re feeling good about the momentum we’ve built in Energy Flex. We’ll just keep riding that wave straight into 2025, hoping it’s not a tsunami of disappointment."

[pangrati] 20/1/2025 07:40

Melanie Lane, Chief Executive Officer, said:

"Pod Point has achieved a lot in 2024 against a difficult market backdrop. As expected, 2024 has proven to be a transitional year in terms of our financial performance. We made good progress on our costs, but the weaker-than-expected private EV market has negatively impacted revenues.

EDF remains a very supportive shareholder for us. They have provided resources and expertise to drive our Energy Flex business and we continue to explore international market opportunities with them.

I'm really pleased with how the team has executed our plan and delivered against our KPIs, especially given significant internal reorganisation to set the business for long-term success. I'm particularly impressed with the momentum the Group has built in our Energy Flex business. We are taking this momentum into 2025."

[scepticalinvestor] 20/1/2025 07:24

Crikey nothing less than bargepole. 5p open?CEO states they have achieved a lot in 2024. Yes, its called shareholder destruction

[trader465] 20/1/2025 07:20

The cash keeps on dwindling away, looks like the turnaround is failing. This has been a disaster for original investors.

Adjusted EBITDA loss is expected to be in line with guidance of around £14m

lower-than-expected revenues of c.£53m, against guidance of c.£60m

At 31 December 2024, net cash was £5.3m, below guidance of around £15m

In light of the continued challenging backdrop, the Group expects 2025 results to be below current market expectations.

[tenapen] 07/1/2025 17:51

Thanks Indiestu,
Reading your post last month was the nudge I needed to buy my big £800 worth. Podp & rcdo could be a nice doubler for the future.

Cheers and good luck.

[indiestu] 07/1/2025 16:16

Hi ten. Great to see you here.

[aishah] 07/1/2025 07:52

Charge-point surge heralds UK ‘electric car revolution’
More than 120 planning applications for plug-in stations for EVs have been approved

ChargeUK, which represents the EV industry, said that it had achieved a 35 per cent growth in charging points in 2024, with one point installed every 25 minutes on average. The number of public plug points in the UK has grown from 20,964 in 2020 to 53,865 in 2023 and more than 73,000 by the end of 2024.

Vicky Read, the body’s chief executive, said: “With one in three cars sold in December being fully electric, it’s clear where the future is and that a comprehensive network of charge points across the UK is essential.

[tenapen] 06/1/2025 19:27

Hi trader465,

Interesting workings out but what you haven't taken into consideration is they are generating cash already. The closer they come to profitability the more cash they will be generating. So the cash they hold will last longer and possibly negate the need to raise new funds !. I don't argue podp but s still a gamble !.

Regards

[trader465] 06/1/2025 15:05

To calculate the date when the cash will run dry, we need to divide the available cash by the annual cash burn rate.

Available cash: £44 million
Annual cash burn rate: £15 million

Time until cash runs out = £44 million / £15 million = 2.93 years

2.93 years from 31 December 2024 will be approximately 31 December 2027, with the cash running dry a few months earlier in 2027.

[trader465] 06/1/2025 12:57

year ended 31 December 2021 cash GBP96.1m

year ended 31 December 2022 cash GBP74.1m

six months ended 30 June 2023 cash GBP58.8m

year ended 31 December 2023, net cash £48.7m

six months ended 30 June 2024 cash £29.0m

year ended 31 December 2024 cash £14m (guided)


Cash burn 2022-2023 £22m
Cash burn 2023-2024 £25.4m
Cash burn 2024-2025 £14m

With the £14m cash they have, and the £30m credit facility that gives them max £45m liquidity, that may be a bit tight to carry them to expected profitability in 2027. (I think that's when they were due to turn a profit?).

[trader465] 06/1/2025 10:04

valuation metrics:

Price per Share: £0.175
Cash per Share: £0.186
NAV per Share: £0.536
Comparing the current share price to the cash per share and NAV per share:

The price of £0.175 is below the cash per share of £0.186, suggesting that the market is valuing PODP below its available cash. This can indicate that investors are pricing in risks, operational issues, or other factors beyond just cash holdings.

The price is also well below the NAV per share of £0.536, indicating that the stock may be undervalued relative to the company's assets (although this assumes the assets are fully realizable and there aren't hidden liabilities).

Thus, PODP shares appear to be cheap, especially in terms of cash and NAV. However, the negative financial performance (losses, negative EBITDA, and cash flow concerns) could be influencing the valuation. The market may be pricing in risks related to these factors or other concerns such as future profitability or the competition in the electric vehicle (EV) charging industry.

[soho2] 06/1/2025 09:56

Can't get any worse (I hope)...

[trader465] 06/1/2025 08:40

I'm showing a nice 17% profit here, if the next update shows cash burn slowing then I think we could see a nice rise