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PODP Pod Point Group Holdings Plc

-1.75 (-7.07%)
30 Nov 2023 - Closed
Delayed by 15 minutes
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
  -1.75 -7.07% 23.00 368,808 16:28:54
Bid Price Offer Price High Price Low Price Open Price
22.80 23.95 24.25 22.60 24.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 71.41M -20.21M -0.1311 -1.75 35.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 UT 129,015 23.00 GBX

Pod Point (PODP) Latest News

Pod Point (PODP) Discussions and Chat

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Date Time Title Posts
30/11/202316:04Pod Point: Electric Vehicle Charging266

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Pod Point (PODP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-11-30 16:35:0323.00129,01529,673.45UT
2023-11-30 16:28:4222.8821,6884,963.08O
2023-11-30 16:21:1023.00439.89O
2023-11-30 16:20:4323.0043299.36O
2023-11-30 16:07:2123.0010824.84O

Pod Point (PODP) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Pod Point Daily Update
Pod Point Group Holdings Plc is listed in the Electrical Machy, Equip, Nec sector of the London Stock Exchange with ticker PODP. The last closing price for Pod Point was 24.75p.
Pod Point currently has 154,125,118 shares in issue. The market capitalisation of Pod Point is £35,448,777.
Pod Point has a price to earnings ratio (PE ratio) of -1.75.
This morning PODP shares opened at 24.25p
Posted at 21/11/2023 10:33 by tomps2
Pod Point (PODP) Capital Markets Day held 16 November 2023

The Capital Markets Event, hosted by Pod Point, a leading provider of Electric Vehicle charging solutions, which updated the market on its new focussed strategy and provided more details of its medium-term financial plans.

Watch the video here:

Or listen to the podcast here:
Posted at 16/11/2023 08:17 by apotheki
Trading Update and Capital Markets Day

Powering Up to deliver significant growth and value

Pod Point, a leading provider of Electric Vehicle ('EV') charging solutions in the UK, will today host a Capital Markets Event to update the market on its new focused strategy and provide more details on its medium-term financial plans. Additionally, the Group is pleased to provide the following trading update.

Full year results are now expected to include revenue of at least £63m, adjusted EBITDA loss no greater than £16m and year-end net cash at least £47m. This is ahead of previous guidance of revenue of £60m, adjusted EBITDA loss of £17m and closing net cash of £40-£45m.


· Powering Up, Pod Point's transformation and strategy builds on the Group's core strengths in its brand, leading market share and broad partnerships, by prioritising Home and Workplace segments and developing an Energy Flex recurring revenue stream to build Customer Lifetime Value (CLTV), combined with a significant cost out programme
· The Group will re-invigorate its core UK business through a refreshed product roadmap, further investment in brand and marketing, and strengthening its routes to market
· Using a capital-lite model, Pod Point will leverage this refreshed core business into select international markets, intending to supply its units to EDF distribution companies in France and Belgium, with other EU markets being assessed
· Pod Point has also entered into a Partnership Framework Letter of Intent (LOI) with EDF covering intended energy tariff partnerships and Energy Flex collaborations
· Material progress is being made in Energy Flex, with a new partnership with Centrica, to run a six month flexibility services trial including participation in National Grid's ESO Balancing Market trial for EV chargers
· Pod Point will explore opportunities within the Battery Energy Storage market to enhance its energy flex eco-systems having signed a Memorandum of Understanding (MOU) with Gotion, Inobat and Brillpower
· The core business continues to make progress with recent business wins including: Mercedes-Benz, Halliwell Jones, Group 1 Automotive, West Way Nissan, and Knight Frank
· New 5 year credit facility, until 2028, agreed for £30m with EDF, the Group's largest shareholder, providing material cash headroom to execute the strategy
· New 2024 guidance of around £60m revenue, adjusted EBITDA loss of around £14m and closing net cash position of around £15m reflecting the orderly exit from non-core segments and transformation cash costs
· New 2027 financial targets of at least doubling revenue, Free Cash Flow positive, 15% of Group to be recurring revenues, with adjusted EBITDA positive in 2026

Andy Palmer, Chief Executive Officer, said:

"We're excited to share our new focused strategy today, setting out the next stage in Pod Point's journey as a leader in the EV charging sector. In Powering Up, we see us build on our core strengths in Home and Workplace, creating a business that is both streamlined and well positioned for our new product offerings such as Energy Flex, as well as our expansion into new international markets.

The business has made good progress since our last update, with significant business wins and the signing of an Energy Flex partnership with both EDF and Centrica, and we remain confident in our ability to lead the UK's EV transition."
Posted at 27/7/2023 15:46 by hedgehog 100
27/07/2023 16:11 UK Regulatory (RNS & others) Pod Point Group Holdings PLC Updated 2023 Guidance LSE:PODP Pod Point Group Holdings Plc

"Following the appointment of Andy Palmer as interim CEO on 6 July 2023, a detailed review of the Group's operations is being undertaken. While this work is ongoing, it has become clear that the outcome for the financial year ending 31 December 2023 will be materially different from the current guidance, with lower revenue and a larger adjusted EBITDA loss.

The market has remained volatile and uncertain, with particular weakness in the private BEV market. The Group has seen shortcomings in product offer, and delays in product and app launches that have impacted revenues. Some of our sales channels are also seeing slower conversion to revenue. These themes are expected to impact our performance in the second half.

Consequently, the Group is updating revenue guidance for 2023 to at least GBP60m. Adjusted EBITDA loss for 2023 is now expected to be no greater than GBP17m. The updated guidance includes the impact of lower revenues, and an expected GBP5m of costs related to transformation plan initiatives and growth investments identified as part of the ongoing strategy review and non-cash charges.

Our balance sheet remains in a strong position with net cash as at 30 June 2023 of GBP58.8m.

Alongside our interim results to be released on 31 July, we will provide further details on our transformation plan to improve operational and financial performance, the actions required to urgently address priorities and how Pod Point is positioning itself for long term growth. ..."

PODP's 2022 figures: revenue £71.4M., EBITDA loss £12.2M, pre-tax loss £19.9M., year end cash £74.1M.

So £15.3M. of cash has been burnt in H1 2023: a cash burn rate which would consume the remaining cash in under two years.

Very disappointing how this has worked out, when it had so much potential.
Posted at 28/6/2023 08:06 by davemac3
Nice contract, UK’s largest house builder, built over 17000 houses last year, would be good to know what share PodP have.
Posted at 17/4/2023 08:50 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 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 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 -

"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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