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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
|
|
|---|---|---|---|---|---|
| -2.00 | -0.56% | 356.50 | 373,812 | 16:35:19 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 355.00 | 356.00 | 358.00 | 352.00 | 354.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Passenger Car Rental | 1.83B | 125.02M | 0.5536 | 775.83 | 809.63M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:38:44 | O | 31,011 | 356.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/6/2025 | 16:50 | UKREG | ZIGUP plc - Transaction in Own Shares |
| 02/6/2025 | 10:48 | UKREG | ZIGUP plc - Total Voting Rights |
| 27/5/2025 | 13:28 | UKREG | ZIGUP plc - Holding(s) in Company |
| 21/5/2025 | 10:01 | ALNC |  Zigup shares rise as expects to beat market expectations |
| 21/5/2025 | 07:00 | UK RNS | ZIGUP PLC Pre-close Trading Update |
| 06/5/2025 | 08:00 | UK RNS | ZIGUP PLC ZIGUP honoured with King’s Award for Enterprise |
| 02/5/2025 | 14:55 | UKREG | ZIGUP plc - Director/PDMR Shareholding |
| 02/5/2025 | 14:16 | UKREG | ZIGUP plc - Holding(s) in Company |
| 02/5/2025 | 07:30 | UK RNS | ZIGUP PLC Cancellation of Treasury Shares and TVR |
| 28/4/2025 | 17:09 | UKREG | ZIGUP plc - Holding(s) in Company |
Zigup (ZIG) Share Charts1 Year Zigup Chart |
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1 Month Zigup Chart |
Intraday Zigup Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/6/2025 | 13:49 | ZIGUP plc - Integrated Mobility Solutions (fka Redde Northgate) | 163 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/6/2025 09:20 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 358.50p.Zigup currently has 225,838,449 shares in issue. The market capitalisation of Zigup is £96,997,613,846. Zigup has a price to earnings ratio (PE ratio) of 775.83. This morning ZIG shares opened at 354p |
Posted at 09/6/2025 19:50 by rmillaree netcurtainsIts NAV is about 30% to 40% bigger than its Market Value... Is that because we have to allow for a lot of depreciation? Or is it because ZIG is probably too cheap? Traditionally in the hire sector many companies have been valued below book value - facts are many have run into problems with asset values being somewhat inflated at certain time or there being necessary future write down at some stage or heft other adjusts (debtors book) i would say Ziggup is imune from any potential issues - the main one would nbe if used proices took a battering and the fleet neeeded marked down say 10%. traditionally they have ben quite conservative ref depreciation policy - so much so that they were forced to depreciate less as values were obviously understated. They should have reasonable detail ref used prices and depreciation - so they should be at least aware if the tide turn. with inlfationn uping value fo everything each year - they have probably had tailwinds in that there has ben no dramatic drop in used van values - probbaly more an issue if we ever see price deflation ref new vehicle - with inflation what it is i dont see any reason to worry. The other reason is probbaly the chunky debt - even then debt isnt much more than 50% of fleet value. so personally i see this as safe pair of hands - and if they use profits to reduce leverage and continue having no issues ref depreciatoon policy and churn out similat level of profits - the ntav should increase whils risk decreases. They simply need nothijng to go materially wrong. Thats where if you lok at outlook statements they seem confident ref the business they can do. so i am happy to have this as one of my top 5 holdings(ish) - despite originally buying in more of apunt basis (share price was only 200p or less back then) Ref worries over electric vehicles - its all niche stuff - they will know teh score ref those vehicles so i wouldnt see any particualr reqason to worry. As time goes on with increasing batery range - and the stuff not being "as new kit" - no reason why ev's can actually be more reliable product than peetrol/diesel vans - there is less working parts - so other than the batterty elephant - everything else should be manageable. I suspect they can secure sufficient warranties so that they are not on the hook for large risk - for example the battery warranty should be for longer period than they own the vehicle - so the main risk here should be covered and they will be fully aware that niche electric vehicles have tended to rapdily depreicate at times - and may carry on doing so until "charging infrastructure" is cheap and plentyful. Either way customer should pay premium of depn is expected to be higher. |
Posted at 09/6/2025 14:47 by netcurtains Its NAV is about 30% to 40% bigger than its Market Value... Is that because we have to allow for a lot of depreciation? Or is it because ZIG is probably too cheap?There are a lot of pros and cons all summed up by simply wall st.... But the pros do look tempting. Will wait for results before I buy more... |
Posted at 09/6/2025 11:17 by parttime The only niggle, or uncertainty, I have with the company is the growth of the fleet towards electric vehicles, this is inevitable over time however my question is one of vehicle depreciation. Currently electric vehicles have a higher depreciation rate than ICE vehicles so how does Zig negate this? Do electric vehicles have a higher rental premium over ICE equivalents to compensate this? or does Zig take a higher loss at the point of disposing with the asset after it's term? or a bit of both? |
Posted at 09/6/2025 08:35 by rmillaree Is it really as simple as picking a sound business and just buying when its plumetted for no obvious reason?some companies can trade dirt cheap for many years - so answer here is not simple. sometimes before value outs something can go wrong with financials (or share may be saying future "is not so bright" Overall though shareprice will always follow the direction of the financials long term - if financials are fine shareprice will do ok. management here seem reliable so that always helps comp to some directors that may be playing funny games with investor communications. I think short term the increasing debt may put a damper on upward trajectory but debt should only be increasing in proportion to value of fleet so its just a fact of life as fleet value grows - as some stage earnings not spent on buybacks divis may pick up the slack if/when fleet investment moderates. |
Posted at 21/5/2025 12:01 by martinmc123 wealthoracle.co.uk/d |
Posted at 08/5/2025 19:35 by eigthwonder Directors can’t control a share price, but in this case I think sterling work has not been rewarded by the stock market. Sure, there areas to quibble - a hire business “should” have a link to the NAV, and profits/losses on disposals are a distraction and effectively worth only a PE of 1 - but look through that and management are still doing a better job than suggested by the share price. Given the discrete nature of the business, UK vs Spain and insurance vs rental, it does raise the question as to whether something strategic could be done to spotlight value here. |
Posted at 08/5/2025 15:57 by rmillaree ""In an ideal world there is something to say how they are going to get the share price to better reflect the value of the underlying businesses.""iften the shareprice is outside the copntrol of the directors - personally i am very happy with what mangement have done over last 5 years in the last 5 years the share price has not far of doubled and paid out 2/3 of the shareprice in dividends. i could have taken my money off the table to at 30% abov ethe current sharprice. In some respects a low rating has aloed my to top up/reinvest soem of my dividends at "reasonable value" I have never expected this share to shoot the lights out - probably due to debt and the claims type side of the business bnevr having really been a busines type that would command a premium. Compare the 5 year return here to something like Halfords and thats decent evidence mananagement have done a decent job. So yes if if we feel it perhaps should be worth 475p a share and that would be great to book profit at that level and move on - i can see why some are annoyed - but thats the company type you have invested in unfortunately - holders wil be lucky to get premium rating here ever - imho. in some respects as its paying such a chomping divi i dont really need it to do much - thats enoughh for me thank yu very much |
Posted at 08/5/2025 11:37 by eigthwonder In an ideal world there is something to say how they are going to get the share price to better reflect the value of the underlying businesses. |
Posted at 24/1/2025 10:06 by yump Just having a look at this for dividend yield plus some sort of recovery.I don’t recall seeing so many nil cost options very often (last year and recently) - running into £100,000’s worth. Slight worry as the share price has gone nowhere overall over last few years, so what are they being rewarded for? Just keeping things trotting along? I know governance favours “kerching̶ O/t rant but there’s a mantra about wealthy people leaving the UK being bad for our economic growth because they are wealth creators in business. Maybe me but that smells of BS. Anyway, just wondering if there is some inherent risk here that I haven’t seen, that has led to such a price drop, because the business itself seems quite stable? Is it as simple as possible inflation in vehicle prices, combined with lower margins on sales in a more competitive market, plus a bit of disruption by EV’s. Or just that reported revenue is rising and profit falling and thats the first time its happened for years. Not “escaped” I notice that % cost of sales went up and admin was about 10mln more. Which is a bit of a squeeze |
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. |
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