Pod Point Share Discussion Threads

[the chairman elect] 19/4/2022 14:51

BP deal sends Nasdaq-listed EV charging stock Tritium surging

BP. +7.75 (+1.94%)

Tritium specializes in the development and production of direct current fast chargers for EVs.

Toward the end of March, BP said it would invest £1 billion in U.K.-based electric vehicle charging infrastructure.

The U.K. wants to stop the sale of new diesel and gasoline cars and vans by 2030.

The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030.

Tritium and BP have entered into a multi-year contract related to the supply of electric vehicle chargers, in the latest example of how energy majors are looking to cement their position in the burgeoning EV market.

According to a statement issued by Tritium on Monday, the agreement will initially center around an order of “just under 1,000 chargers” for the U.K. and Australian and New Zealand markets.

Australian firm Tritium, which was established in 2001, specializes in the development and production of direct current fast chargers for EVs. Shares of the Nasdaq-listed company rose by over 12% Monday, and opened flat on Tuesday. The stock is still down around 4% so far this year.

Toward the end of March, BP — which is better known for its oil and gas production — said it would invest £1 billion (roughly $1.3 billion) in U.K.-based electric vehicle charging infrastructure across a 10-year period.

BP said the money would “enable the deployment of more rapid and ultra-fast chargers in key locations.” The company also said its charging business, known as BP Pulse, would “approximately triple its number of charging points by 2030.”

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BP’s announcement came on the same day the U.K. government published its electric vehicle infrastructure strategy, which said it expected the country would be home to roughly 300,000 public chargepoints by 2030 “as a minimum.”

BP is not alone in its attempt to lay down a marker in the electric vehicle charging market. Back in January, Shell announced the opening of an “EV charging hub” in London. Shell said it had replaced gasoline and diesel pumps at the site with what it called “ultra-rapid chargepoints.”

The fossil fuel powerhouse is targeting the installation of 50,000 on-street chargers by the middle of the decade via its subsidiary, Ubitricity.

The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. From 2035, the U.K. will require all new cars and vans to have zero-tailpipe emissions.

According to figures from the Society of Motor Manufacturers and Traders published at the beginning of April, new battery electric car registrations in the U.K. hit 39,315 in March, a 78.7% increase year-on-year.

“This is the highest volume of BEV registrations ever recorded in a single month, and means that more were registered in March 2022 than during the entirety of 2019,” the SMMT said.

Despite their plans for EV charging infrastructure, both BP and Shell remain major producers of oil and gas. To the dismay of environmental groups, fossil fuels remain a key part of the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world.

In March, the International Energy Agency reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. The IEA found energy-related global CO2 emissions increased by 6% in 2021 to reach a record high of 36.3 billion metric tons.

The same month also saw U.N. Secretary General Antonio Guterres warn that the planet had emerged from last year’s COP26 summit in Glasgow with “a certain naïve optimism” and was “sleepwalking to climate catastrophe.

[pierre oreilly] 14/4/2022 11:13

I think it's an oak sappling now. Currently recharging at Tesco's, at a pod point free charger. Pp do all Tesco chargers, that's the sort of thing I look for to lower the risk. Mrs just bought a 40 quid rib of beef - shows the benefits Tesco gets by giving away a quids worth of electricity.

[kennewil] 14/4/2022 09:44

From an acorn grows an oak as they say. Thou sadly most will die. This one however has landed in the fertile soils of the green revolution and should flurrish. Made Musk the richest in world after all.

[pierre oreilly] 13/4/2022 07:34

I like nuggets like this. The traders have been and gone, little pi interest now, price below the issue price institutions invested at, and right place right time.More pi interest will surely come giving a temporary boost to the price, but in a few months of business progress the investing institutions will want more giving an enduring price rise.Risk/reward looks very favourable to me.

[pierre oreilly] 11/4/2022 14:11

The rns is just what's needed. It shows the business is progressing well and winning prestigious contracts against the competition.

There'll be lots of consolidation in the sector to get the stupid number of charge point suppliers down. Pod point seem pretty unique with their latest fast chargers offering all modern plugs from a single unit. A winner, the way to go.

As always, the big money will be made by holding for a couple of years rather than a couple of hours.

[soho2] 11/4/2022 14:03

So much for the RNS

[pierre oreilly] 08/4/2022 09:10

The only cheap and reliable public network.

Got in cheaper than institutions at the float.

Partners with big outfits who'll all want higher powered chargers to replace low powered ones.

The gov won't go to shell or bp for newtwork expansion, but to tried and tested podpoint.

Seems a good bet at this price.

The only thig slowing down the takeup of evs is the useless charging infrastructure, which has to run fast to stand still. Free charging at tescos, courtesy of volkswagen, enabled by podpoint. Tescos now upgrading their 7kW chargers to 22kW (free) and 50kW (25pish/kWh, cheap compared to bp and shell).

[kennewil] 06/4/2022 07:10

I suspect it is just that, a rumour.Makes much more sense for vehicle makers to invest in ev vehicle tech and standardise charging tech between makers. Down the line I can see tesla divesting their network.After all car companies don't sell fuel.

[mrblueface] 05/4/2022 15:54

I have heard somewhere that VW might be rumoured into acquiring a electric vehicle charging network so it can play catch up with Tesla ? Sure you would agree this could be the perfect candidate

[kennewil] 05/4/2022 15:05

I like your enthusiasm, but i work in time scales of years.

[indiestu] 05/4/2022 14:22

All is forgiven Hedgehog.

[mrblueface] 05/4/2022 13:59

This will be 5 quid a share in a few months. Fill your boots now, will look back and laugh how cheap this was.

[kennewil] 05/4/2022 13:35

Dipped my toe in this pond. Its obvious that the internal combustion engine is finished, just a matter of time.Question is who will win the charger wars, seems so many companies vying for your ev socket but chargers still thin on the ground.No doubt will be consolidation down the road and we will end up with a few big players. Hopefully podp will be one but recon more likely will gobbled up at some point, with lots of luck i will be in a good profit by then.

[the chairman elect] 05/4/2022 12:45

UK – Car sales crash with a 14% yoy fall in sales to 243,000 registrations

Electric Vehicle sales rose 79% to 39,315 highlighting the trend for consumers to switch to electric despite the higher cost of EVs

March, is the first date of the new year’s registration and normally accounts for 20% of vehicle sales.

March sales averaged 450,000 for the decade pre-pandemic.

[indiestu] 05/4/2022 12:24

Following the change of broker consider institutionalising yourself.

[indiestu] 05/4/2022 12:15

Change your broker immediately!

[hiddendepths] 05/4/2022 09:31

Bought my first pile of POOP today!

It's not easy buying in even modest amounts. Tried to buy yesterday and either couldn't get a quote or was offered stock a long way above the screen price.

I imagine liquidity will improve as the company grows and becomes better known.

I'm in for the long haul unless it's acquired. I wonder if Tesco would want it.

[soho2] 25/3/2022 07:52

Let's see if the "huge extension in number of electric car charge" will benefit us...

[hedgehog 100] 21/2/2022 17:18

21/02/2022 09:00 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Establishment of new ESG Committee LSE:PODP Pod Point Group Holdings Plc

The Board of Pod Point Group Holdings plc (the "Board") is pleased to announce that it has established a new Environmental, Social and Governance ("ESG") Committee (the "Committee").

Although Pod Point's entire mission is focused on the E and S of ESG and as a result of its IPO it is well-placed to deliver that mission, the Board recognises that there's significant work required in order to make sure the appropriate governance structure in place. Consequently, the aim of the ESG Committee is to provide oversight, on behalf of the Board, in relation to the Group's ESG strategy and activities. This will include, but is not limited to, ensuring the Company maintains appropriate policies and processes to effectively support its ESG framework, agreeing the ESG targets the Company should set, and overseeing the Company's ESG reporting and disclosures.

The Committee is chaired by Dr Margaret Amos (Independent Non-executive Director) and Karen Myers Independent Non-executive Director and Erik Fairbairn (Chief Executive Officer) will be members. The Committee will be supported by an ESG Working Group consisting of Margaret Amos, Erik Fairbairn and members of the executive team including among others General Counsel, Head of Policy & Public Affairs, Company Secretary and, once appointed, the new VP of Human Resources.

Gareth Davis, Chair, commented: "As we enter our first full year as a listed company, one of the Board's top priorities has been to establish appropriate and effective structures to govern how we manage ESG and our climate-related risk. Establishing the ESG Committee is an important step towards achieving this objective."

[indiestu] 18/2/2022 15:44

Fantastic input from everyone today on this thread. It is refreshing to hear such well researched arguments from both corners. I intend to hold my position for the entire journey so I look forward to future debate. As it happens it is Tidy Friday and the pub is open. Have a great weekend all.

[hedgehog 100] 18/2/2022 15:42

"· Percentage gross margin in 2021 grew to 28% compared to full year 2020 of 25% (2020 11 months: 26%), a year on year increase of three percentage points. This was supported by an increase in revenue per unit to £733 from £717 in the full year 2020 (2020 11 months: £717) which offset c£200k of unit component costs growth in the second half of 2021."


Far from getting squeezed, gross margins are actually increasing markedly, which is a sign of a strong competitive position.

Barriers to entry are high, and PODP has a powerful early mover advantage.

[1nf3rn0] 18/2/2022 15:24

Well it's common in the ones that achieve profitability and not in many others that rely on fundraisings to stay afloat.It's not clear which way PodPoint will fall just yet, will need further accounts releases to judge progress, but if their gross margins start to get squeezed by competitors then it'll be an even trickier path. Looks like a long slog to me with and more immediate downside risk to upside.