Zigup Share Discussion Threads

[alotto] 01/11/2024 16:44

Good point, the insurance should cover cost from damage.

[alotto] 01/11/2024 09:46

More chances to load up

[largeronald] 01/11/2024 08:48

Can see quite a pattern emerging here - the market goes down, the share price here goes down, the market goes up, the share price here goes, er...

[deanowls] 22/10/2024 09:47

Agreed on the risk however it is offset by the fact all their competitors carry the same risk. The larger they are they can reprice consistently to changing factors. Extend the life of the vehicle, currently they are looking to reduce the average age I believe. Also falling interest rates and car companies having more stock should be good for them.

[alotto] 22/10/2024 09:45

I remember people calling the fleet stranded asset as the EVs would take a toll on redde. However we seem far from reachin a point where EVs will be the preferred vehicles and actually the market for used combustion engines should thrive in the short mid term, which is where the residual asset value lies at the moment wlfor zigup. People may prefer to go for a used diesel or petrol before moving to EV.

[fenners66] 22/10/2024 09:35

Hertz ditched what was it, 9000 unwanted EV's in the US?

there may have been a dip in the used car market (at last) after that massive overvaluation in 2020-21-22 but that would have been factored into depreciation already to a great extent.

Does anyone remember someone I think called "Rental" posting on here about 18m ago ?
Arguing that Redde were sat on a £billion of undervaluation of vehicles and would not accept they had that wrong.

So not revaluing upwards leaves them without having to devalue ?

[pugugly] 22/10/2024 09:12

deanowles - Agreed but (imo) significant risk of cars/vans not achieving expected resale value - Maybe I am too cautious but precedents from car rental companies eg: Hertz devalued fleet due to a slump in the used car market,

[deanowls] 22/10/2024 09:00

It’s asset backed Pug, how else would they have so many cars and vans (over 100k), TNAV is a large part of the company here despite being on a low PE rating.

[pugugly] 22/10/2024 08:49

Check out level of debt - Seems a bit high (imo)

[alotto] 22/10/2024 08:47

400 would be too cheap for an acquisition

[largeronald] 22/10/2024 08:37

Feels like this is being walked down to around 310 so an offer can come in to take it private at 400. But wtfdik.

[alotto] 22/10/2024 08:06

I'll add on payday. I wish I had more money

[rcturner2] 22/10/2024 07:33

I'm back in today.

[alotto] 17/10/2024 20:34

Tremendous value.

[riverman77] 17/10/2024 20:26

Yes I've got this on my watchlist and starting to look tempting at these levels.

[swiss paul] 17/10/2024 20:00

Been drifting a while this one

[zho] 09/9/2024 07:26

MIDAS SHARE TIPS UPDATE: Zigup keeps expats in the driving seat

[alotto] 15/7/2024 19:20

Where is the recording?

[zho] 15/7/2024 13:19

Results presentation on Investor Meet Company starting in 10 minutes

[3800] 14/7/2024 13:17

The forecast shows declining eps in future, I have been hit by declining profits in companies where the effect of covid unwinds elsewhere so have also sold all my shares here. I have been in since £1.89 so it's been a good run.
3800

[zho] 14/7/2024 10:54

Paul Scott reckons the results were v v good, v g balance sheet, v g cashflow, but points out that roughly a third of profits come from vehicle disposals, which may not be sustainable. Without these, PE ratio is around 11, which Paul thinks is about right.


from c. 38 minutes

[rcturner2] 11/7/2024 08:11

I have sold out today. I have had a decent run and happy to take my profit. Those results where a bit underwhelming for me.

[disc0dave46] 10/7/2024 11:01

Agree, can't complain either about the level of detail.Okay debt has increased but it's more than covered by the value of its fleet and net assets.

[pj fozzie] 10/7/2024 08:34

Can't complain about those results. I'm almost ready to forgive the name change.

Cheers,
PJ