That was my take @DavidGrey. It certainly seemed that’s what he was alluding too in some of his points. Who knows? To be fair. I wasn’t expecting the current CFO to respond to my email. So it was a nice surprise. Which I responded back thanking them for making the effort to reach out to a worried shareholder. I get all the points covered. That cash issue recently dropped this hard. Even at those previous low levels. Just have to wait this one out.
A slow death this
Gutted! I got out for a meagre 67% loss. I sort of think, I’m wrong here but feel that the current macro and growth trajectory of the UK is in direct conflict with pod point aims. There is literally, for most, no benefit in choosing electric over petrol - unless you have a driveway. Maybe when byd style batteries are the norm and significantly cheaper. You can prob add interest rates to that which are knackering house buyers that are not portfolio companies.
On all accounts, I’d love to get back in here, but I think I got my timing wrong by five years.
Well. Looks like we were misinterpreting the email above from their CFO.
Disappointed after disappointment with this one.
Down 75% and not worth taking the hit. It’s all or nothing for me on this one. They have 3 years before I need to take them. Hoping thats enough.
It will take a few years for sure, but with a £30M cash facility from EDF, you’ve got to also think that they wouldn’t give up on making the company work.
They also have the most chargers in the UK.
They will recover, but it will take time.
They’ll be an EDF department again soon, they can cut some costs and shit the expensive London office. Pod point isn’t a failed idea but it’s a failed business.