Pod Point Share Discussion Threads

[1madasafish] 16/8/2022 11:34

Surely PODP is a buy at this level.

At equal 18th out of 24 charging providers ranked with highest cost No.1 maybe they aren't charging enough ?

[xtrmntr] 16/8/2022 08:19

https://www.dailymail.co.uk/money/electriccars/article-11106357/Study-reveals-huge-extra-cost-charging-EVs-using-public-network.html

[value viper] 16/8/2022 07:26

Not exactly the type of director deal I was hoping to see

[value viper] 09/8/2022 06:17

Shouldn't directors now be buying after results with the shares this far down ?

[adorling] 28/7/2022 08:02

Back into loss for H1 after supply chain issues not good.

[the chairman elect] 28/7/2022 07:15

Webcast presentation

There will be a webcast presentation for investors and analysts this morning at 09:00 am. Please contact [e-mail] if you would like to attend.

Enquiries:

Tulchan (Public Relations adviser to Pod Point)

James Macey White/ Mark Burgess/ Matt Low/ Laura Marshall / Arthur Rogers

[phone] / [e-mail]

BofA Securities (Joint Corporate broker)

Peter Luck, Mitchell Evans

[phone]

Numis (Joint Corporate broker)

Andrew Coates



[phone]





About Pod Point Group Holdings plc

Pod Point was founded in 2009 by CEO and entrepreneur Erik Fairbairn. Driven by a belief that travel shouldn't damage the earth, Pod Point has installed over 175k charge points and is an official charge point supplier for major automotive brands.

Pod Point installs a broad range of products from smart domestic charge points to high power rapid chargers and load balancing systems. Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions with customers including major retailers, hotels, restaurants and leisure venues.

Pod Point is trading on the London Stock Exchange under the ticker symbol "PODP."

For more information, visit [...]

[the chairman elect] 28/7/2022 07:12

Erik Fairbairn, Chief Executive Officer of Pod Point, said:



" This was a strong first half year performance for Pod Point. We have continued to make progress towards our goal of travel which doesn't damage the earth. We installed and sold over 45,000 charge points (H1 2021: over 27,000), maintained outstanding customer satisfaction ratings, enabled enough electricity to power 952 million kilometres1 of electric (H1 2021: 326 million kilometres) driving through our network and helped to avoid 129,000 tonnes of CO2e. In addition, our network of installed and able to communicate units has increased by 71% to 175,130.



Revenues grew by 57% to £41.6 million (H1 2021: £26.5 million), with our Home segment growing by 64% to £27.2 million and our Commercial segment growing by 40% to £12.1 million. Signing BMW was another great win for the team and we now have contracts with 20 automotive OEMs.



The backdrop of severe component shortages and extreme cost inflation exacerbated by the war in Ukraine and the lengthy Covid lockdowns in China did impact the business, resulting in a negative impact of £0.9 million to gross margin and adjusted EBITDA as we sourced components to increase charge point production to meet the needs of our customers. Even with this impact overall gross profit grew by 48% to £10.4 million with headline percentage gross margin of 25% compared to 27% in 2021. Adjusted EBITDA was a loss of £1.4 million compared to a positive adjusted EBITDA of £0.5 million in H1 2021. Loss before tax of £7.5 million arose following share based payment charges, amortisation and depreciation, and any adjusting transactions (H1 2021: £6.7 million).



Our peak Home install month was March with over 8,500 charging points installed. To deliver this was an amazing achievement by the Pod Point team as well as our manufacturing and installation partners. At no point in H1 did we run out of our charging units and this continuous production was delivered by the limited re-design of products to match component availability and the spot buying of components to ensure production targets were met. We clearly demonstrated the scalability and flexibility of the Pod Point business model and with the addition of our second manufacturing partner Celestica we have further enhanced our ability to scale the business.



Demand for PiVs remains strong. Registrations of new PiVs for the half year increased 26% to 166,512 from the first half of 2021and PiVs represented 21% of all new vehicles compared to 15% in the first half of 2021. Overall vehicle sales, however, decreased by 12% in the same period and in Q2 2022 PiV sales were down 2% on the same quarter in 2021 with delivery dates for newly ordered vehicles increasing to over nine months. Whilst it is pleasing to see improvements in our core market share metrics in the Home and Commercial segments shortages of new vehicles make it very difficult to predict PiV registrations for H2 2022; it is clear, however, that some of the growth we expected this year will be delayed into 2023 and will impact our H2 results to some extent.



With demand for electric vehicles remaining strong I firmly believe the future remains bright for Pod Point and, as electric vehicles become the norm rather than the exception, the market opportunity is clear, even with the issues we face across the rest of this year. Our investment strategy, as set out at IPO hasn't changed and we will continue to invest in product and our inhouse teams. We look forward to continuing on our vision to create a future where travel doesn't damage the earth."



[1] Calculation: Energy transfer (Pod Point Internal Data) multiplied by average EV efficiency 3.46 m/kWh (hxxps://ecocostsavings.com/average-electric-car-kwh-per-mile/) and converted from miles into km (multiply by 1.60934)

[the chairman elect] 28/7/2022 07:10

Group Highlights



· Strong performance with 57% revenue growth to £41.6 million compared to H1 2021

· 48% growth in gross profit to £10.4 million with gross percentage margin decreasing to 25% from 27% in H1 2021

· The financial impact of additional component costs resulting from supply chain issues is estimated to be £0.9 million, contributing to the reduction in Home gross margin in H1 2022 of 5pp compared to H1 2021

· Strong expansion of the customer base across both Home and Commercial segments

· Increase in headcount to 531 (30 June 2021: 316) including 74 inhouse installers and 103 technology and hardware staff. Technology and hardware staff have increased from 57 at 30 June 2021 and from 71 at 31 December 2021 as the business deployed investment funds raised at IPO

· Adjusted EBITDA loss of £1.4 million was a result of reduced gross margin resulting from additional component costs and the additional costs of being a listed business. Compared to a positive H1 2021 adjusted EBITDA of £0.5 million

· Closing cash of £82.1 million

[markie7] 25/7/2022 11:34

not convinced here. I have just had 2 chargers fitted - both with Easee, both fitted by normal domestic electricians, both working perfectly. this whole market will get commoditized really quick.

[xtrmntr] 24/7/2022 19:39

On our walk to school, we play "EV I Spy". The kids count the number of electric vehicles that drive past and compare the total to petrol cars. EVs haven't won yet, but on some days it's close.Electric cars are on the move and that makes Pod Point - a charging business that has had a disastrous time on the markets since listing at £2.25 last November - worthy of speculation.The shares have more than halved since the float and now hover around £1. Yet there are 400,000 EVs already on the road, and motorists in this country bought more of them last year than in the previous five combined. The drawback, most drivers state, is that the charging infrastructure has not kept up with these sales.This is why Pod Point merits scrutiny as a possible investment. It is a dominant player in the burgeoning market in at-home charging points, installing 55,000 last year, and is the second-biggest firm in workplace charge points. Fast, at-home units such as those by Pod Point, which cost from £800, are viewed as a near-necessity for new EV drivers, and it has signed "preferred supplier" deals with marques including BMW and Volkswagen, as well as with retailers such as Lidl and Tesco, which host its charge points in its car parks.There are reasons to be cautious: Pod Point is young - founded by mechanical engineer Erik Fairbairn in 2009 - and yet to generate profits, with some analysts suggesting it could fail to do so until 2025. It also operates in a very competitive market and the government has withdrawn key EV grants.The firm, though, has heft behind it - French energy giant EDF has a majority stake - and it is thinking ahead to when the charging market reaches saturation. Only 2 per cent of turnover is currently from recurring revenues - commercial clients' network payments or revenue-sharing deals - but it is working on ways to boost this, quadrupling 2021's technology budget to £20 million to use the vast data it collects on customers' charging patterns to create future revenue streams.It is pondering, for example, energy-monitoring services that could help drivers switch automatically to cheaper tariffs.Pod Point's investment case does involve a lot of "coulds". It's a risky bet. But there is also the chance that an industry rival - perhaps BP or Shell, both of which have growing EV charging operations as they try to shift away from fossil fuels - could buy Pod Point as a shortcut. With the shares down so much, but the popularity of EVs revving up, it is worth plugging into: buy.© Times Newspapers Limited 2022.Registered in England No. 894646.Registered office: 1 London Bridge Street, SE1 9GF.Privacy & cookie policyLicensingCookie settingsSite mapTopicsCommissioning termsTerms and conditionsIPSO logo

[john09] 24/7/2022 12:39

Tipped in ST

[beanol] 18/7/2022 12:00

Could be that or something else. Just not sure personally but it clearly injects an element of uncertainty.

[1madasafish] 18/7/2022 11:13

Renationalisation ? I thought that was against the rules in EU ? Oh no thats right UK were the only ones who followed the rules !!!

[soho2] 18/7/2022 10:17

At a premium ??? Lol

[pottsypotts] 18/7/2022 08:20

EDF were already 84% owned by the gov, it has made the edf share price climb 28% last month on news of the nationalisation Is the theory that pod shares will be taken off the market

[beanol] 17/7/2022 22:28

Presumably the consistent fall in the share price is something to do with the imminent full renationalisation by the french government of EDF, PodPoint's large shareholder?

[marky60] 14/7/2022 12:05

Looking at comments on Trustpilot and Glassdoor it would seem that Pod Point are doing well with both customers and employees.The EV revolution is underway so would expect sentiment to return when markets improve.

[davemac3] 14/7/2022 11:35

losing 50% of their value in about 6 weeks is concerning, what is going on?

[adorling] 14/7/2022 11:32

Concerning at the continued decline - would have thought Management would have made a market comment that all is well and trading is strong?

[pottsypotts] 14/7/2022 10:26

Quite a fall today on no news

[skinny] 14/7/2022 06:09

Thanks MrP - on my watchlist.

[mrphil] 13/7/2022 16:00

Skinny, I think the bit that says "most points free" is probably a bit out of date. ZapMap are great but sometimes can be a bit slow updating! We have 6 x 7kW chargers near us which were all free until recently but all of them are now 35p per kW. We also have a 50kW rapid charger which again was free but is now chargeable at (bizarrely) 28p per kW. The rapid should be more expensive than the 7kW chargers so that's a bit odd. Anyway, they are clearly starting to charge for more of their chargers.

[skinny] 13/7/2022 10:29

This is 3 weeks old.



"Pod Point has official charging partnership arrangements with major automotive brands and Fleet customers."

[pierre oreilly] 13/7/2022 10:25

I thought the free Tesco charging was paid for by Volkswagen, as part of their deal due to the diesel scandal? Don't remember where I heard that, but all Tesco charges I've seen have a little sticker saying something about VW.

[mrphil] 12/7/2022 15:53

As far as I can see, PodPoint pay for the electricity on a shrinking number of the Tesco chargers with Tesco paying on the rest, but they are gradually coming off that contract and becoming chargeable. This tends to be only the lower power 7kWh units as the 50kWh rapid chargers generally seem to be chargeable these days (they are regularly installed at Lidl) but I guess were probably on a similar two year contract. Certainly the 50kWh unit at our local Lidl was free for quite a while but then became chargeable to the user.

There are several PODP 7kWh chargers in our local shopping centre which were all free to use until recently but are now chargeable. Not sure who was paying for the electricity but that's profit for someone now!

PODP are also a popular choice for businesses installing EV charging for their staff, but I'm guessing they only get the income from selling the charger in those instances but happy to be corrected on that one.

I have dipped my toe in with a few shares today as I have had reasonable experiences with their chargers over the past few years. Will keep watching and may add more.