Why is the price dropping like a stone? Whats going on?
No idea but half year results due out on the 30th, maybe they are not going to be as good as some would like.
Yeah. It’s not ideal @Pablo2
Especially when most of the market was fairly positive recently. Except today.
Though. It gives me personally an opportunity to add to my position. I still have hope for this one longer term. So I see it as a chance to average down/build up position.
I hold a very small position here which I want to add to but I’m struggling to find a convincing argument beyond hopeful predictions at this stage. I watched the capital markets day and whilst ‘flex’ sounds good, they don’t sound overly confident in what level of profit is attainable.
I cannot see the share price moving north anything spectacular whilst there is still a chance they might need to raise before they reach profitability. I was personally hoping for a bit more inspiration from the new CEO, albeit she is still fairly new so I can forgive that.
1 Like
The case is to my mind is entirely convincing, a note on their current contracts below. The worry i have is related entirely to market conditions, interest rates and inflation. Raising money aint easy anymore and will dilute and they may need to raise. Also last year there was a dip in EV purchases (scroll up, noted on this chain) which also remain expensive - although Dacia. Added to that there is a view that PODP cannot compete with the big companies, which is legitimate enough to dent market confidence. Alongside energy, insurance, supermarket and fleet companies Pod Point also have notable deals with house builders. I see no (ships) evidence that this is a PODP problem but a UK markets problem, adding in the last gov. approach to UK business, analysts have consistently bet on up to 4 interest rate cuts which may or may not happen this year - but consistently has not occured. Confidence in anything UK made has been non existent since Brexit, but here are some reasons to be cheerful about PODP:
-
EDF: Pod Point and EDF have teamed up to offer an exclusive EV energy tariff. This partnership provides a fixed low overnight rate for charging, encouraging more affordable home EV charging with zero-carbon electricity supplied by EDF (Pod Point) (Pod Point).
-
Tesco: Pod Point has installed EV chargepoints at over 600 Tesco stores across the UK, making it more convenient for shoppers to charge their vehicles while they shop (Pod Point) (Pod Point).
-
Vauxhall: Vauxhall and Pod Point have collaborated to expand the EV charging network at various locations, further promoting EV adoption by ensuring easier access to charging facilities (Pod Point).
-
IVECO: Pod Point is the preferred supplier for IVECO, a leading manufacturer of commercial vehicles. This partnership aims to support the electrification of commercial vehicle fleets (Pod Point).
-
AXA: Pod Point has signed a preferred supplier deal with AXA Commercial, facilitating the provision of EV charging solutions for AXA’s commercial clients (Pod Point).
-
Barratt Developments: Pod Point has a nationwide deal with Barratt Developments, including its consumer brands Barratt Homes, David Wilson Homes, and Barratt London. This partnership involves installing EV charging points in new homes across many of Barratt’s operating divisions in the UK (Pod Point).
7.Redrow: Pod Point has a two-year preferred partnership agreement with Redrow, providing EV charging infrastructure for new build properties across England and Wales. This partnership aims to support Redrow’s sustainability initiatives and meet the growing demand for home EV charging solutions (Pod Point).
3 Likes
I know Pod Point also do the Lidl EV chargers, I also believe that they also have deals with Mercedes-Benz, Mini & Taylor Wimpey as well.
And recommended installer by Which and voted best by What Car Magazine.
So all good for the business
2 Likes
Been tempted to lower my average recently yet the cash flow / credit issue is the worrying bit at the moment. No point doing it if they are going to issue more shares within the next few months…
I do intend to get more shares when I have the spare cash but want to see the results in a couple of weeks time.
This has been shelved now, if don’t know the specifics but it fell fowl on an ofgem rules around white labelling an edf product.
Thanks for the update. I cannot find any news saying the EDF partnership has been shelved, please do share if you can find a link.
My wife works for EDF and was on the project.
No wonder no one keen to list on LSE, so shady. No transparency and then suddenly bankruptcy.
Been a difficult month for pod point in relation to its share price. Well. It’s probably been difficult for a long while now on that front.
Half year results are out
https://polaris.brighterir.com/public/pod_point/news/json_news/story/x5kk29x
Some good. Some less so. Some of this planned due to refocusing on core offerings, restructuring etc.
New ceo getting her feet under the table so to speak. Needs time.
The wider sector and/or market in general has had a lot of headwinds.
Still. I feel there is a brighter future down the line. When? Not sure. Certainly not in 2024. But that allows me to build my position more.
Will consumer pressures ease? Inflation etc. How will new government policies impact these types of businesses? Will house building pick up? Will the wider EV adoption pick up?
Looks like we’re trying to break out into European markets. That seems positive.
I’ll continue to invest over 2024. I’m close to my own, totally unfounded, personal target of 10K no of shares. Why that number? No idea. Why not? Lol
Once there. I reckon I’ll have around 10k shares at an average of around 24p.
I’ll then sit and wait. Focus on building up other positions. Possibly dip in and buy more if the situation presents further opportunities. But I’d be fairly happy with my position. I’d like a slightly lower average. But hey. Who wouldn’t?
I can only afford to invest a certain amount each month. Across a wider portfolio. Bit by bit. Month by month.
Good luck all. I’m off to enjoy some sunshine
3 Likes
Frustrating this one. It seems well placed in the market. Some solid partnerships. Yet continues to drop. Wider market issues? Is it a wider sector issue? Government policies? Slower than expected transition to EV’s? All of the above?
Whilst I’m happy to pickup what seems on the face of it, cheap shares. At what point does this become a case of throwing good money away?
As an investor. I’d like to see some returns on my investment. I’d settle for a little upswing in the share price. Some positive sentiment around the company/sector.
What’s people’s thoughts on this?
I think a lot of it is down to the wider electric car market, I think it would climb again once the government decide what to do as people won’t buy electric until they decide and i think the possibility of pay per mile for electric cars could be putting some people off.
The only downside I see recently was PodPoint losing the Lidl charging points contract.
1 Like
Yeah the EV market is definitely not thriving. Ford recently anounced they are dropping their EV mission. Hyundai CEO has admitted that conversion to EV is rubbish (slowing) and even Volvo who said very publicly that the end of ICE (internal combustion engine) was nigh are upping hybrid production.
Add to that, in the UK a non existent infrastructure (with a lack of strategy) and a slow housebuilding market and I think we have a reason why Pod Point is languishing. I suspect the share price will continue to dive in 2024. My hope is that interest rates will continue to drop and this will stimulate house building and buying. And this will help Pod Point. So long as I dont need the dosh Im just going to try to disassociate my emotional response from Pod Point sharing holding until this time next year.
3 Likes
Thanks for your thoughts @WayneSoton and @ChrisGM
All solid points. Along a similar line of thought to myself.
Though. I can’t see any news relating to pod point / Lidl relationship ending.
Just that they’re transitioning between pod point and Lidl owned mobile apps
Lidl logo still on their network page
Some strong brands there.
1 Like
I know when i looked into it, on one of the lidl pages it says that the EV charging network at Lidl has always been owned by them, so I assume PodPoint only ever supplied and run it in behalf of Lidl.
I would hope that PodPoint will still have a contract to service and provide new points as and when needed as that would still provide a revenue stream.
1 Like