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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zigup Plc | LSE:ZIG | London | Ordinary Share | GB00B41H7391 | ORD 50P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.15% | 337.00 | 434,166 | 16:35:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 337.50 | 338.00 | 339.00 | 335.50 | 339.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Passenger Car Rental | 1.83B | 125.02M | 0.5080 | 845.47 | 830.56M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:47:03 | O | 1,117 | 337.027 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2024 | 09:02 | ALNC |  TOP NEWS: Zigup ups dividend but shares fall as interim profit slumps |
| 04/12/2024 | 07:00 | UK RNS | ZIGUP PLC Interim Results |
| 02/12/2024 | 07:00 | UK RNS | ZIGUP PLC Presentation via Investor Meet Company |
| 29/11/2024 | 16:59 | UKREG | ZIGUP plc - Director Declaration |
| 26/11/2024 | 13:04 | UKREG | ZIGUP plc - Holding(s) in Company |
| 21/11/2024 | 13:10 | UKREG | ZIGUP plc - Holding(s) in Company |
| 19/11/2024 | 13:34 | UKREG | ZIGUP plc - Holding(s) in Company |
| 28/10/2024 | 15:57 | UKREG | ZIGUP plc - Holding(s) in Company |
| 04/10/2024 | 10:20 | ALNC | IN BRIEF: Zigup Chief Financial Officer Philip Vincent resigns |
| 04/10/2024 | 10:00 | UK RNS | ZIGUP PLC Directorate Change |
Zigup (ZIG) Share Charts1 Year Zigup Chart |
|
1 Month Zigup Chart |
Intraday Zigup Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/12/2024 | 08:37 | ZIGUP plc - Integrated Mobility Solutions (fka Redde Northgate) | 84 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-11 16:47:04 | 337.03 | 1,117 | 3,764.59 | O |
| 2024-12-11 16:35:14 | 337.00 | 193,365 | 651,640.05 | UT |
| 2024-12-11 16:29:40 | 338.50 | 942 | 3,188.67 | O |
| 2024-12-11 16:29:40 | 338.50 | 150 | 507.75 | AT |
| 2024-12-11 16:29:40 | 338.00 | 173 | 584.74 | AT |
| Top Posts |
|---|
Posted at 11/12/2024 08:20 by Zigup Daily Update Zigup Plc is listed in the Passenger Car Rental sector of the London Stock Exchange with ticker ZIG. The last closing price for Zigup was 337.50p.Zigup currently has 246,091,423 shares in issue. The market capitalisation of Zigup is £105,696,266,179. Zigup has a price to earnings ratio (PE ratio) of 845.47. This morning ZIG shares opened at 339p |
Posted at 04/12/2024 17:19 by rmillaree Over the last 5 years or so it’s only achieved a peak average rating of 14x and that was during the covid / post covid boom for them. Don’t see it hitting double figures in the medium term given declining forecasts.i dont disagree as per last post - it may need us to get into next year with regard to upswring for headwinds to subside. there are genuine reasons why profits are lower though - so that masks teh factv they are still doing deals increasing fleet size and running buisness in competent fashion. Yes they cant dictae how busy claims is and ref bumper disposal profits that was always an abonormal situation. Personally i would say 12 * is currently fair price from my point of view as i understand why profits are lower - i am well aware this share hasnt commanded premium price and may bumble along on 8 * earnings until the numbers look better at face value. I am happy taking the divi. "IMO their debt is too high for me at nearly 5 times their forecast PBT (I prefer less than 3x) It might be for you but it aint for me - nearly 50% os their fleet value is paid for - so they have unlimited available resources if they need - they could sell off fleet and pay down debt in a heartbeat. If debt was rising as a % of the fleet value that would be an issue but it aint it dropped despite them increasing fleet value by £200 mill in 12 months. they may have been canny with working capital. If you take £20k van they are paying £400 pa on that on finance costs - so that works out at £33 per month - they will probably make that back in 1-3 days depending on the kind of deal they have. So not sure how anyone can say that the debt is an issue - to me its clearly not at these levels. Can’t keep throwing cash at fleet when profits and earnings have been falling for the past 2 years. well the reasons for falling profits are two fold - they had bumper used value prices that was never going to last - so you are looking at period where profits were hugely inflated by supply constraints. They also changed depreciatiin policy in 2023 so that that flattered 2023 and 2024 numbers by £50 million at the expense of 2025 and 2026 numbers - not sure they wanted to go down that route but they had to due the fact their vehicles were worth more. Look back pre covid and resultys were never as good as they are expecving to do this year and next - note we are talking about £100 mill profit here plus both years - to me with excellent cover on fleet thats the only real number that matters to me as its real and dropping through to bottom line increasing net asset value. Note if they are signing new deals withn commercial customers thats upfront investment and you need to have the fleet ready to go - so it kinds makes sense that theer is a lag before the profits flow in. Hey ho thats just my take everyone else can be doom and gloom if they want to - being frank i see this stock as being pretty defensive. Perhaps other are right that they are having to work harder to make soem profit - its kinda tough for many business - i like the fact they have pre warned ref reductions and then hit what they promised - even with everything the current powers that be throw at them in the budget. |
Posted at 04/12/2024 16:44 by rmillaree NTAV is about 331p by my calcs so zero discount.company calcs confirm 364p is correct no idea where your numbers come from - are you saying their calcs are wrong? per company today - they cant make it much easier to work out than stating the figures Balance sheet Net assets at 31 October 2024 were £1,040.7m (H1 2024: £1,024.9m), equivalent to net assets per share of 461p (H1 2024: 452p). Net tangible assets at 31 October 2024 were £822.2m (H1 2024: £789.1m), equivalent to a net tangible asset value of 364p per share (H1 2024: 348p per share). |
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 04/12/2024 14:01 by fenners66 Maybe following instinct and dumping Redde on the change of name was the way forwards.I am aware that the share price has risen in the interim - but the fall on factual results this time leaves me wondering if a change of name/ rebrand had as much to do with trying (oh so desperately) to find something to give the business a boost as it was going to need it. Thus the signal is in the action rather than just the stupidity of the name. Look at Aberdeen for reference. Meanwhile :- "Net finance charges increased to £17.1m (H1 2024: £15.9m) due to higher average debt compared to the prior period. Interest rates are significantly sheltered due to holding 82.5% of borrowing as fixed rate debt." and "During the period to 31 October 2024 the Group completed its previously announced £30m share buyback programme" In other words without it borrowings would have been £30m less which looking at the borrowing facilities note , would have come out of UK Bank Facilities £158m cost 5.6% that cost may have been quoted after the interest rate falls so probably cost even more over the period. On target to cost about £1.7m a year. Then how much would their borrowing costs have changed with £30m lower overall leverage ? Almost no company ever says how much ALL their borrowing costs would be lower without the higher indebtedness. So what did the share buyback achieve? Better EPS - about 8.4% Lower profits Higher indebtedness and leverage (greater % of balance sheet is debt) Higher exposure to interest rate fluctuations for a business that is always going to have a lot of debt. Ultimately the share price has moved on the back of Lower profits - that's the real measure , not a manufactured slightly better EPS metric. Growth companies share prices rise because they are growing , not because they cut profits increasing debt and buying some of their shares back. |
Posted at 04/12/2024 10:11 by martinmc123 3*Zigup, the leading integrated mobility solutions platform providing services across the vehicle lifecycle, posted HY results ended 31 October 2024 this morning. Underlying revenue was strong, up 5.6% with growth in both Vehicle hire (+4.7%) and Claims and Services (+6.3%) but total revenue decreased by 0.8% due to lower vehicle sales revenue. However, profits dropped with underlying PBT down to £82.0m from H1 2024: £99.1m mainly due to lower disposal and Claims and Services profits. Reported PBT fell even further to £56.2m from H1 2024: £97.4m ... ...from WealthOracle wealthoracle.co.uk/d |
Posted at 04/12/2024 09:47 by fenners66 This is one of those examples of "adjusted figures " trying to show that the previous years results were benefitting from an exceptional uplift on sales of cars and a return to normality.I can't remember - will look it up later , but surely it was - if they adjusted out the good news previously. However their adjusted figures do not match up to the previous year's so the disappointment. What that market reaction does tell us - the buyback has no long lasting effect if the business is not growing. Sure EPS and to an extent DPS have benefitted from fewer shares - but the market is judging the business performance and actual profits - NOT the metric per share. Overall the numbers are ok - prospective yield is likely in excess of 7.5% at this price and this adds a source of dividend diversity from the usual pensions/investments I just hope they stop splashing money on their own shares and invest in growing the business or reducing the debt - so they actually increase profit , not some metric. |
Posted at 04/12/2024 07:28 by skinny Key financial highlights· Underlying revenue strong, up 5.6% with growth in both Vehicle hire (+4.7%) and Claims and Services (+6.3%); total revenue decreased by 0.8% due to lower vehicle sales revenue · Underlying PBT of £82.0m (H1 2024: £99.1m) mainly due to lower disposal and Claims and Services profits; in addition, Reported PBT of £56.2m (H1 2024: £97.4m) includes non-cash depreciation adjustment of £13.9m cost (H1 2024: £7.6m credit) (see page 14) · Vehicle hire revenue: Spain up over 8% supported by VOH growth of 7.4%, UK&I up 1.7% benefitting from careful pricing actions, while rental VOH down 4.6% reflecting higher defleets in H2 2024 · Resilient rental margins for both vehicle rental businesses; Spain at 19.3% (H1 2024: 20.8%) and UK&I at 15.7% (H1 2024: 16.3%) reflecting strong demand and efficiencies supporting high utilisation rates · Disposal profits reduced to £25.8m (H1 2024: £34.7m) as expected, from lower sales volumes totalling 17,200 (H1 2024: 18,800) as well as impact from expected normalising of LCV residual values · Claims & Services underlying EBIT of £17.6m (H1 2024: £26.3m); reduced volumes in replacement vehicles and legal services and impact of a cyber incident, in part offset by growth in bodyshop and fleet management · Strong balance sheet with leverage unchanged at 1.6x on prior year, supported by fleet assets of £1.43bn (H1 2024: £1.23bn) and over £347m of facility headroom after £160m additional loan note financing · Shareholder returns: 6.0% increase in interim dividend to 8.8p; £30m share buyback programme concluded in June 2024 with £5.3m returned within the period · Exceptional cost of £2.8m arising from management of response to cyber incident in May 2024 principally impacting our legal business, NewLaw (see page 12) |
Posted at 18/11/2024 10:12 by zho He doesn't. He's saying ZIG looks "crazily" cheap .... unless there is bad news in the pipline. |
Posted at 18/11/2024 09:59 by zho FM Iain Staples +ve on ZIG, from 42:10Too cheap on a PE of 7 and 7% yield unless they're going to warn on profits, says Paul Hill |
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: |
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