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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
|
|
|---|---|---|---|---|---|
| -1.50 | -0.49% | 302.00 | 198,375 | 16:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 302.50 | 303.00 | 308.00 | 302.00 | 306.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Passenger Car Rental | 1.83B | 125.02M | 0.5080 | 845.47 | 746.89M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:17 | AT | 607 | 302.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/1/2025 | 11:19 | UKREG | ZIGUP plc - PDMR/PCA Shareholding |
| 20/1/2025 | 11:48 | UKREG | ZIGUP plc - Director/PDMR Shareholding |
| 15/1/2025 | 11:22 | UKREG | ZIGUP plc - Director/PDMR Shareholding |
| 18/12/2024 | 16:48 | UKREG | ZIGUP plc - Holding(s) in Company |
| 12/12/2024 | 16:14 | UK RNS | ZIGUP PLC Director/PDMR Grant of Nil Cost Options |
| 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 |
Zigup (ZIG) Share Charts1 Year Zigup Chart |
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1 Month Zigup Chart |
Intraday Zigup Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/1/2025 | 11:41 | ZIGUP plc - Integrated Mobility Solutions (fka Redde Northgate) | 116 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/1/2025 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 303.50p.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 306p |
Posted at 24/1/2025 11:41 by rmillaree ref nil cost options - i think these can sometimes turn up in a batch but may cover multiple years. Hopefully the next annual report will have full details - there may be info in prior annual reports and its good question for company ref detail. The shares in issue here has been very under control - so ik have no evidence to suggest this is repeat activity each year to syphon off part of the business. Operationally mangement have delivered good numbers so i will tolerate a chunky payout.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. i think the wealthy create their own press to try and keep their tax down - the reality is hard working people running business wil be replaced if they leave - so its nonsense to suggest that we need ANY of these people. The middle ground here is being fair ref taxes - as a whole these people hatee paying higher rate tax that normal people pay without making too much fuss. I think there is a middle ground to be had here - at present though it is too easy for people to leave and then later get the trappings by coming back - in that regard america perhaps has it right that if you are us citizen you pay some taxes. At minimum if peope have earned from the uk that should be taxed - so if thye leave they should normally pay soem sort of exit charge if they want the trappings. eg at present company directors can simply relocate to dubai and get all their dividends tax free - thats uk plc stupidity for not levying some extra tax in that direction so fair taxes are being paid from company that is making its profit from uk individuals google et al have a complete free lunch at present 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? Zlich that i am aware of. Obviously the easy money they were making ref excessively high van valuations has gone. The only slight worry is that if vans cost more - they need to borrow more and that could bring margins under pressure - in theory though if they are managing tescos van flee - whoever tesco pay they will have to pay more. debt is high and climbing but as % of fleet value its well under control. 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. thats posible issues but hoppefully all neutral for now - the main reason for lower profits imho is solely due to unwinding of fluff in van prices - they also had to reduce depreciation rate in prior years - that pushed up charge in later years so lfl comparisons are skewed. Ref electric vehciles - move to electric could cause a big issue but everyone is in the same boat - i think comnpanies are more likley to subcontract fleet out fro electric rather than less likely. Perhaps main danger with electric is that manufacturers lease direct and cut out supply chain - like Tesla. in worst case scenario they do at leats have decent ntav as soem sort of backup I notice that % cost of sales went up and admin was about 10mln more. Which is a bit of a squeeze they are increasing fleet and doing well generally - admin will go up. I would like to think 2027 will be year when there are no tailwinds and larger fleet will deliver rebound. Who knows though - there is scope for them to be squeezed here - to me they seem on the ball enough to know they shoudl only be taking on busines if it make a reaosnable margin |
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 10/1/2025 10:18 by alotto Large, what makes you think this? You're quite specific saying it will be in 4 months. 400p seems too low for me, the dividend alone at this price will return the 30% premium in just 3 years. Why would you sell the company at 400p?Edit: Besides, just 4 months ago the price was 400p |
Posted at 10/1/2025 10:00 by largeronald At the risk of sounding like a stuck record, this will bubble along in this range (if not lower) for the next 4 months or so before an offer comes in (highly recommended by the board, who will have been amply recompensed for said recommendation) at a price 30% above the price at the time of the offer.I had thought that offer would be in the region of 400, but it looks like it may well be lower. |
Posted at 10/1/2025 09:28 by peddlers I picked up some ZIGLooking way oversold at these levels. Good luck P. |
Posted at 13/12/2024 10:17 by zho >>He said he did not understand the sharp drop in EBITDA>>I don't think he did say that. What he did say was that he didn't understand the sharp drop in the share price, which he didn't see as being justified. |
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 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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