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Unfortunately at too much of a loss to be out. Gotta stick it out and watch what happens here.
Good luck gotabesirius. I’m hanging on ‘till the update to get a clearer picture. Things may not be all they seem.
I got a similar reply, I'm out! Expect profit warnings and further delays from supply chains and car production. Not good
Hi guys. I sent an email to investors relations last week. Got a great reply off David surtees with regards to the current price which is as follows:
I think this is just down to market concerns about fast growth companies in general, the general views of the weakness in the UK economy and the fact that in Q2 this year new Plug in vehicle registrations were effectively flat year on year with vehicles being delayed due to supply chain issues.
We report our half year on 28th July so will update more fully then.
28th of this month will be a date to note ????
SP definitely gone off the rails.
Worked fine for me.
i cant access the podcast, what a dire share price performance.
Thanks Boogester. I'm looking forward to Erik providing an update to the market.
Do you have a link please? Thanks
Interesting podcast that’s been aired on London stock exchange website with Eric fairbairn for anyone that’s interested in what’s next for podpoint etc
According to the Telegraph, 1 in 6 sales in June were for EVs.
As a few have said elsewhere..its a question of digging in now. A climb back up is going to take time but should come given the share of the product market. There is a very small market for the shares as L&G and EDF hold the majority. Hopefully they won't ditch! As those invested are not inclined to chase the losses it needs new entrants to buy shares. That means good news from the Directors to stimulate interest. Hopefully they might say something, anything, positive soon.
Not sure I agree with that assessment - they didn't really "cash-in". The IPO was disappointing - they only got the low of the range, being £2.20 or something. So compared to alot of the recent tech IPO's. Pod Points was disappointing. However, this is why I invested, the stock wasn't crazy inflated. I thought it had found a base at £2 recently and was recovering, so this 40% decline is surprising and not really sure where it has come from. Why would EDF sell their shares if it's nationalised? Nationalisation only changes the way EDF operates and how it will charge customers...don't understand why that would mean it needs to sell it's shares. I think its just an inflation scare that has also hit the nasdaq, although the nasdaq has improved this week.
I am confident this is a company for the future. People say Shell and BP are stronger/have more money etc. But what about all the EV charger plays in America worth over USD1B. I think PodPoint with its home chargers, commercial fleet chargers and the operations at commercial properties like Tesco/Aldi etc is a strong differentiator. I don't see shell/BP getting into anything but pump style charging at locations owned by them. Also, remember all new builds now need Electric Charging points if they offer car parks, and there is a push to increase housing supply, meaning more new apartment blocks with parking, meaning more charging points required.
I am frustrated as was hoping for a decent return 1 year after investment, but that won't be the case. I am confident though this will return in the future.
The wave didn’t go away, it just accelerated and others decided to surf it.
Good grief, we are in the blue (at the moment). Only another £1 and it will be back to the flotation price at the end of last year.
Before anyone says 'why are you invested here?' I will answer that frankly I wish I wasn't.
As time goes on I strongly believe the founders cashed in when they realised that a flotation would do well on the crest of a then deafening green wave. It will be a long, maybe infinite wait for it to return to that initial price.
Hopefully they won’t accept 120p.
once EDF is nationalised theyll probably sell the stake here i reckon
I suspect that there were a few people in the know that have been selling and with a small volume of trades plus small market cap this makes a big difference on the price. Ref EDF, whilst I agree that they are c.50% holding, this will be an insignificant sum compared with the headless chicken syndrome throughout that company that is bound to be going on now. I suspect they will be ignoring Podpoint completely. Potential for another more active investor to buy out the EDF share and take an active interest with the BOD.
It is boogester. There is 100% a future in this stock. Analysts average rating is 320p. It’s a long hold I believe.
I hope this is promising news! Surely so anyway. Podpoint have a good position in the ev market. I work in the motor trade and do truest believe in this company
Update would be nice Peter, you’re right! I’ve ready some analyst ratings of this stock and long term they’re predicting above 300p. I’m in longterm regardless due to my position and what I bought at
Market cap now £172m at 112.3p. Seems the BOD are not too bothered by the sp fall. An update would be welcome.
LGEN have a 23% stake. Subtract the free float of circa 25% so EDF have iro 52% - imho dyor etc.