Pod Point Group Holdings Plc

-4.90 (-6.57%)
Share Name Share Symbol Market Type Share ISIN Share Description
Pod Point Group Holdings Plc LSE:PODP London Ordinary Share GB00BNDRD100 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -4.90 -6.57% 69.70 8,798 08:15:43
Bid Price Offer Price High Price Low Price Open Price
69.80 74.90 69.70 69.70 69.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electrical Machy, Equip, Nec 71.41 -20.21 - - 107.43
Last Trade Time Trade Type Trade Size Trade Price Currency
09:01:21 O 998 74.5889 GBX

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Date Time Title Posts
24/5/202317:18Pod Point: Electric Vehicle Charging221

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Posted at 17/4/2023 09:50 by the chairman elect
Shares of U.K.-listed electric charging infrastructure firm Pod Point are expected to surge by 118% over the next 12 months, according to Bank of America. The investment bank increased its price target and predicted shares of the company would rise to £1.74 in a note on April 11. The stock is up by more than 20% this year and was trading at £0.78 on Thursday. Bank of America expects the recent rise in the number of EVs in the U.K. to bolster demand for charging infrastructure and benefit the London-listed stock's bottom line. U.K. electric vehicle sales registrations have surged by 15% year-to-date, with battery electric vehicles reaching record highs in the first quarter of 2023, according to U.K. industry lobby group Society of Motor Manufacturers and Traders. The SMMT added that the increase suggests that " supply chain challenges slowly continue to ease " and production lead times will return to normal throughout the year. PODP-GB 5Y line Bank of America has raised its expectations for EV sales in the U.K. between 2023 and 2025 by 3-4% compared to its earlier estimates in February. Pod Point, with a market cap of £120 million ($150 million), manufactures its EV chargers and provides customers in the U.K. and Norway access to its electricity network. Since 2020, France's state-owned energy company EDF has been a majority shareholder with a 54% stake, according to FactSet data. Founded in 2009, the company also maintains hundreds of charging stations at supermarkets in the U.K. Last year, it became a "preferred" home-charge point supplier for German automaker BMW . "We still see a clear need for UK charging infrastructure, benefitting Pod Point as the #1 in the market, and with >100% potential upside, we reiterate our Buy," wrote BofA analysts led by Marianne Bulot in a note to clients on Apr. 11. BofA also said the discounted valuation for Pod Point shares is "unjustified" given the company's growth. The analysts forecast a compound annual growth rate between 50% from now until the end of 2025 and around 35% over the next decade...
Posted at 28/2/2023 09:36 by bookbroker
Time for Fairbairn to dip his hand in here again and buy some stock. Never really understand these automated trades, and how they are used to manipulate the price, but appear to create distortions nonetheless. I still believe this company has good prospects, but need to better monetize their assets.
Posted at 17/2/2023 13:08 by kalai1
Pod Point Group Plc posted Prelims for the year ended 31st December 2022 this morning. Group revenue was up 16% to £71.4m, revenues were higher across all segments. Gross margin dipped a little due to supply chain costs, the Group reported an adjusted EBITDA loss of £7.0m as expected. The balance sheet is strong with net cash of £74.1m, FY23 guidance was maintained, an acceleration of the business is targeted by management. The business is not yet profitable and investors will not see any profit in FY23 either, but obviously the sector and business have massive growth potential. Valuation looks reasonable with PS ratio at 1.23x. However, share price lacks momentum and has corrected lower over 70% since listing in November 2021. PODP is certainly an interesting company in a massive growth sector worth monitoring for the time being, but there is no rush to buy...

...from WealthOracle


Posted at 17/2/2023 07:46 by the chairman elect
Pod Point Group Holdings PLC (Symbol: PODP)

Preliminary unaudited results for the year ended 31 December 2022

"Steady growth and delivery, through significant volatility"

Pod Point Group Holdings plc (the "Company") and its subsidiaries (the "Group"), one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions is pleased to announce its preliminary unaudited results for the year ended 31 December 2022

Group Highlights

· Continued revenue growth to £71.4m, up by 16% on 2021, ahead of Q4 guidance.

· By segment: Home revenue up 3%, Commercial revenue up 31%, Owned Asset revenue up 108% and Recurring revenue up 107%.

· Overall Gross Margin down from 27% to 23%, predominantly due to supply chain costs.

· Home Gross Margin 20%, Commercial Gross Margin 22%, Owned Asset Gross Margin 53%, Recurring Gross Margin 58%.

· Growth of communicating units to over 195k, up by 42% across all customers , strengthening the foundations of future recurring revenue.

· Adjusted EBITDA Loss £ 7.0m as anticipated, with continued investment in growth.

· Strong balance sheet with £74.1m cash, ahead of Q4 guidance, after planned investments in technology.

· Growth prospects for 2023 remain strong, with guidance for 2023 maintained.

Strategic and Operational Summary

· Significant growth in network usage, with electricity transferred across our network up 113% at 367 GWh, helping to avoid 278k tonnes of CO2e[1], up 118% on 2021.

· Key new customers won or renewed including BMW, Mini, JCB, Zenith, B&Q, and DHL.

· Excellent levels of customer service maintained with a 4.3 out of 5 rating on Trustpilot and a 4.7 out of 5 rating on reviews.io with a 91% recommendation rate .

· Home charge Average Basket Spend increased by 5% to £767 .

· Headline Home Market Penetration (2) down by 3% to 15%, with the conclusion of OZEV grant causing customers to pull forward home charge purchases resulting in an overweight 2021 penetration, increased consumer cost of home charge and vehicle delivery delays all contributing.

· Full year headline Home Market Penetration % expected to be modestly lower than 2022, with an improving trajectory as we move through the year.

· Added a dedicated sales team focused on the housebuilding sector to address expected growth opportunity.

· Owned asset sites increased to 564 with 1,254 charging points including 118 DC rapid units.

· Supply chain assurance delivered with the successful transition of our high volume products to Celestica with initial cost savings, as well as product supply maintained throughout 2022.

· Increase in Technology headcount from 65 to 134 to deliver product and platform innovation.

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

This was an exciting year for Pod Point, as we completed our first full year as a listed company. We made excellent progress towards our goal of travel that doesn't damage the earth and continued to invest in scaling the business in preparation for the UK ban of internal combustion engines in 2030.'

Like many others, we were negatively impacted by a number of well-documented macro-economic and geopolitical events; however, I am extremely proud of the team's performance. We achieved a 16% growth in revenue, with the 31% growth in our commercial segment being the highlight. We shipped and installed 68,693 charge points, and ended the year with over 195,096 connected units on our network. We transferred 367 GWh of electricity across our network and as a result helped our customers avoid circa 278k tonnes of CO2e. I am very much looking forward to accelerating the business further as we head into 2023.

Posted at 28/7/2022 08:15 by the chairman elect
Webcast presentation

There will be a webcast presentation for investors and analysts this morning at 09:00 am. Please contact podpoint@tulchangroup.com if you would like to attend.


Tulchan (Public Relations adviser to Pod Point)

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

+44 (0)20 7353 4200 / PodPoint@tulchangroup.com

BofA Securities (Joint Corporate broker)

Peter Luck, Mitchell Evans

+44 (0)20 7628 1000

Numis (Joint Corporate broker)

Andrew Coates

+44 (0)20 7260 1000

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 [...]

Posted at 12/7/2022 16:53 by mrphil
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.

Posted at 12/7/2022 10:01 by pierre oreilly
Well Tesco give away their pod point equipped charging, so I hope podp aren't on a precentage of sales!

A high chance of bp/shell buying their infrastructure (i.e. them) and adjusting the charging prices from 0p to 75p/kWh.

Our local Tesco also has a 50kW podp charger (along with the usualbatch of 3 and 7kW ones) - i think this may be rolled out to all Tescos. If so, lots of work for podp, just from this one parner.

Posted at 30/6/2022 13:32 by indiestu
So has David Wolffe just had a little bad luck over the last few years? What a very strange appointment. The share price reaction is predictable. I am all for giving people a chance to prove themselves but my feeling is the board have really shot themselves in the foot here. Shareholders are now paying two big salaries over the next nine months one of which appears to be to a future CFO who has a record of driving companies into the ground. Not to mention zero experience in the energy, Contemporary App Tech or Electrical Contracting sectors. All they needed to do was hold off on the announcement for six months until the market was healthier and use the time to recruit. I can only assume that he is known to the board so this is a job for a mate. I am happy he is glad to be joining the organisation, I shall be voting against the board appointment when the opportunity arises. He could of course change my view if he were to purchase a large quantity of shares in the market at these low prices in the coming days.
Posted at 18/2/2022 12:35 by hedgehog 100
"Perhaps you ought to get out more!"

That was't being personal Indiestu, it was a light-hearted jest.

The PODP share price is blue today, not red, which indicates that the results today have been well-received.

Though institutions should have been well aware of the broad numbers in advance.

And I can't see that a half a day of minor share price action says much, or indeed anything, about an IPO nearly three and a half months ago.

Finally, I tend to be suspicious of anyone who claims certainty about future share price movements, which tend to be inherently uncertain.

Posted at 09/11/2021 09:55 by hedgehog 100
Current share price 9th. November 2021: 224.85p
Market capitalisation: £344.93M.

From www.investors.pod-point.com -

"We believe travel shouldn’t damage the earth.
That’s why we’re building the charging infrastructure needed to enable mass adoption of electric vehicles."

04/11/2021 06:59 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Announcement of Offer Price LSE:PODP Pod Point Group Holdings Plc

"Announcement of Offer Price

Following the intention to float announcement on 18 October 2021, Pod Point today announces the successful pricing of its initial public offering (the "Offer") at 225 pence per Share (the "Offer Price"). Based on the Offer Price, Pod Point's market capitalisation will be approximately GBP352[1] million at the commencement of conditional dealings on the main market of the London Stock Exchange.

[1] Includes the impact of vested and unvested IPO share awards.

Erik Fairbairn, CEO of Pod Point Group Holdings plc, said:

"I founded Pod Point in 2009 with a mission to make travel which does not damage the earth. Today, we are taking another great step towards making this dream a reality.

I am extremely proud of and grateful to the whole Pod Point team for getting us this far. I have no doubt that Pod Point will play a major part in the UK's transition to electric vehicles.

I am also thankful to the new investors who have decided to support Pod Point and our vision. With their backing and the continued support of our existing shareholders, I know we can achieve our goal of a Pod Point everywhere you park."

Offer highlights

-- The Offer Price has been set at 225 pence per Share.

-- Pod Point's total market capitalisation at the commencement of conditional dealings on the main market of London Stock Exchange will be approximately GBP352[2] million based on the Offer Price.

-- The Offer is comprised of 44,315,828 new Shares to be issued by the Company to raise gross proceeds of approximately GBP100 million.

-- In addition, a further 4,431,583 existing Shares in the Company are being made available by EDF Energy Customers Limited ("EECL"), a subsidiary of Électricité de France S.A. ("EDF") and Legal & General Capital Investments Limited pursuant to the over-allotment option, which, if exercised in full, would increase the number of shares in public hands to 48,747,411 Shares in total and approximately 32 per cent. of Pod Point's issued share capital.

-- EECL intends to subscribe for approximately GBP15.0 million of new Shares to be issued by the Company and Erik Fairbairn intends to subscribe for approximately GBP4.0 million of new Shares to be issued by the Company, in each case at the Offer Price (outside the Offer).

-- Certain individuals, including the proposed Directors of Pod Point, intend to apply for or acquire new Shares at the Offer Price (outside the Offer) in the amount of approximately GBP1.3 million in the aggregate.

-- Immediately following Admission, the Company's issued share capital will be 153,403,537 Shares.

-- Full details of the Offer will be included in the Prospectus.

[2] Includes the impact of vested and unvested IPO share awards.

Admission and dealings

-- Conditional dealings in Pod Point Shares are expected to commence on the London Stock Exchange at 08:00 am (UK time) on 4 November 2021 under the ticker "PODP". Investors should note that only those who applied for and were allocated Shares in the Offer will be able to deal in the Shares on a conditional basis.

-- Admission to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed Securities of the London Stock Exchange, and the commencement of unconditional dealings is expected to take place at 08:00 am (UK time) on 9 November 2021.

-- Full details of the Offer will be included in the Prospectus, which is expected to be published later today and will be available on the Company's investor relations website at [...] subject to certain access restrictions.

Further information

-- The Company, EECL and LGCIL will be subject to a 180 day lock-up from the date of Admission. The Directors will be subject to a 360 day lock-up from the date of Admission. The lock-up restrictions are certain to certain customary exceptions and may otherwise only be waived with the prior written consent of the Joint Global Co-ordinators.

-- Subject to Admission and satisfying the appropriate criteria, the Company expects to be eligible for inclusion in the UK's FTSE Indices and to qualify for the London Stock Exchange's Green Economy Mark."


09/11/2021 07:21 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Admission to Trading on the London Stock Exchange LSE:PODP Pod Point Group Holdings Plc

"Further to the announcement on 4 November 2021 in connection with its initial public offering (the "Offer"), Pod Point Group Holdings plc announces that its entire issued ordinary share capital, consisting of 153,403,537 Shares, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "PODP"."


Pod Point share price data is direct from the London Stock Exchange
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