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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zigup Plc | ZIG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -0.47% | 318.50 | 16:24:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 319.00 | 317.50 | 320.50 | 318.50 | 320.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 13/12/2024 05:18 by deanowls Watch the investor meet presentation. It explains everything there. |
Posted at 04/12/2024 14:41 by alotto Agree with all the above, unfortunately there is a risk of downside as we are looking at one (first) underwhelming HY, and more weakness may be around the corner.Looking at the wider picture, I give credits to the company as it has done pretty well in recent years, it has real plan to expand its fleet (the bottleneck in vehicle supply is easing and Zigup has the cash to commit to purchasing vehicles). I would't write off Zigup (as yet) based on this HY update. The share buy back makes sense if the plan is to consistently pay a dividend that exceeds the interest on debt. Regarding the buyback to embellish the EPS... it is an old trick and nobody would fall for it (as it was demonstrated today). Why would a CFO/CEO go down that route (apart from justifying internally a fat bonus)? Disco, you sensibly predict a PE<10 for the near term. This is testament of the dire state of the LSE where an asset can be valued as little as 10 multiples when a 7% dividend is paid. I am afraid it will take long (if ever) before London becomes a magnet for investors again. |
Posted at 18/11/2024 10:37 by alotto Zho good, until there is any hard indication of any profit warning, I won't worry. Sometimes the market decides to gift patient investors.Zigup is cheap, if the December update is consistent with the previous, I'll keep adding |
Posted at 15/7/2024 13:19 by zho Results presentation on Investor Meet Company starting in 10 minutes |
Posted at 10/7/2024 06:34 by skinny Key financial highlights· Total revenue growth up 23.0%; underlying revenue up 13.7% supported by both annualisation of FY2023 contracts and increased activity within recent Claims & Services contracts (revenues up 20%) · Vehicle hire revenue rose 6.4%; Spain up 8.4% supported by VOH growth of 4.1%, UK&I up 4.6% with growth in specialist vehicles and ancillary products; plus careful pricing actions to mitigate cost inflation · Disposal profits of £61.9m (2023: £51.5m); higher total sales volumes of 36,800 (2023: 18,200): LCV residual values moderating in line with our expectations, 7,000 cars and other non-fleet vehicles disposed at minimal PPUs · Spain rental margin at 18.2% (2023: 18.5%), UK&I rental margin up 0.4ppts to 15.5% (2023: 15.1%); Claims & Services EBIT margin of 6.0% (2023: 6.4%) reflects business mix on strong revenue growth · Reported PBT of £162.1m (2023: £178.7m); underlying PBT up 8.9% through growth in Claims & Services profit and in rental profit (+7.2%); contributions from higher disposal profits and lower corporate costs partially offset by £9.7m additional net finance costs · EBITDA grew 8.3% to £446.3m (2023: £412.2m) due to strong operational performance; net capex steady at £281.9m, principally replacement capex where UK&I fleet age reduced by 1.7 months and Spain fleet 2.6 months with vehicle supply improving · Strong balance sheet with stable 1.5x leverage (2023: 1.5x), supported by fleet assets of £1.30bn (2023: £1.16bn) and over £240m of facility headroom · Shareholder returns: 7.5% increase in full year dividend to 25.8p; third £30m share buyback programme concluded in June 2024, which will achieve a 4% increase in EPS when fully reflected Business highlights · Group fleet stable at over 128,000 vehicles (H1 2024: 129,300), with Spain up 3,700 where supply availability offset UK&I supply challenges. Improving access to supply in calendar year 2024, expected beneficiary of recent Zero Emission Vehicles mandate · Broadening of rental and ancillary services offerings: including specialist vehicle support, growth in B2C sales channels, enhanced e-auction solutions. Good pipeline of corporate fleet opportunities · Claims & Services business enjoyed continued growth and strong pipeline: Lex Autolease multi-service contract live in September; further multi-year contract extensions agreed. Investment in productivity and improving customer support including greater automation · Investment in increasing capacity and efficiency through investment in nine new facilities opened or nearing completion across UK&I and Spain. Initiatives focused on bringing businesses closer together to provide a more seamless and digital customer experience progressing well · Supporting net zero transition: introduction of micro-mobility rental solution and solar/battery installation services; growing use of green parts in bodyshop repairs. Increasing customer demand for advisory support and fleet emissions data. e-LCVs on hire up 133%. Post year-end event · Corporate rebranding launched in May 2024, including renaming to ZIGUP plc with stock market ticker LSE:ZIG; new strategic framework reflecting growth aspirations and forward-looking purpose, focused on keeping customers mobile, smarter Outlook We have a healthy prospect pipeline across our businesses and demand for our services remains robust. LCV residual values have performed well as we had anticipated over the last few years and we expect they will moderate over the short term but remain elevated. We are confident that our proposition will continue to offer sustainable returns and that we will benefit from our differentiated position in the market, enabling the business to drive positive growth in underlying revenues, profitability and cashflow. Analyst Briefing and Investor Meet presentation A hybrid presentation for sell-side analysts and institutional investors will be held at 9.30am today, 10 July 2024. If you are interested in attending, please email Buchanan on zigup@buchanan.uk.co The Company will also provide a roadshow presentation via the Investor Meet Company platform on Monday 15th July 2024 at 2.30pm for institutional and retail investors. Click here to register: |
Posted at 23/5/2024 15:31 by meanreverter Normally, I am a long-term investor. I bought my holding of REDD just 4 months ago, with the intention of passing it on in my estate. However, following the makeover, I cringed every time I looked at the new name. To save years of cringing, I have decided, generously, to pass my holding on to investors unknown of a different persuasion — luckily at a (modest) profit. The business fundamentals seemed good, and I wish all remaining shareholders well. |
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