Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Invested in this at around 230p and it’s dumped since which is pretty daunting considering it’s dropped below what it came into market at. Anyone got any idea why?
And I wish the code didn't look like POOP. Its off putting.
Seriously the market isn't helping here, but its also still finding its 'level' after the listing, the price of which is always a best guess.
Euphoria initially took it up, as often happens, then it bounced around and then got hit by this current turmoil. There looks to be a good business here, I do expect to be investing soon. GLA
I'm watching this, posted on the board a couple of weeks ago.
At the moment the shares have reached a point where they are sinking daily so that even interested parties like me are sitting on their hands. Better to miss the bottom and buy on the way up again than try to catch a falling knife, as a lower entry point will almost certainly be achieved.
@PanamaPete I"m quite happy with the investment.
You've got a company who are producing the best-in-class at home car chargers, the UK gov bringing in rules for new build houses that they will have to have chargers, the 2030 ban on any new petrol cars.
Everythings down at the moment, this is a long term investment for me, not a get rich quick one.
may not be the smartest strategy but in fairness this has been sinking for a while even before the Ukraine crisis.Personally im holding but at 35% down after only 2 months I can see why others are pulling out.
Sell after less than six months in, one Annual Report release, and a bunch of external market conditions driving the price lower...not sure that's the smartest strategy but ok.
29k+ happy customers on Trust Pilot you say but thousands of unhappy investors.
Sold at 185p yesterday and will wait for further updates. GLA
No doubt it was outsourced to another company.
But at the end of the day, its just an app.
29k+ happy customers on Trust Pilot is more important.
Let's face it, it's a battery charger with an app - not exactly rocket science.
Just had a look... LOL, so what? Tesla app has a 3.1 rating, does that mean people stop buying Teslas?
Whats more important is something like Trust Pilot. Pod Point has 4.64 rating from 29,323 THOUSAND reviews.
Thats much more important than an app store rating.
Solo 3 is a world class product during an era where electric car sales are going through the roof.
IMO.
Just don't read the reviews on Apple's App Store or Google's Play Store.
'The best Solo yet'
https://topcharger.co.uk/pod-point-solo-3-review/
People are worried due to the chip shortage. The petrol car change in the UK isn't going to be extended or going anywhere, more chargers will be required and even new build houses will need to start factoring this in soon by law.
Long term I think its a great share.
I think other things came in to play that affected the SP, including but not limited to, the rise in energy prices, EV subsidies under review, component shortages, inflation, reduced appetite for risk and now the Ukraine situation. I hear a lot of ads for BP Pulse on LBC but never for Podp. Was the IPO overpriced or is the value behind Podp understated. We need some further good news from Podp and more ii interest. The sp can move quite fast. Yesterday at 3pm, it dipped very briefly to 168p. Good to see a small recovery today and hope it will continue but European tensions causing investors to run to safer havens including cash. Unfortunate timing for Podp to ipo and all who invested in her.
Good morning, I'm new to share investing, I bought in at the IPO price so I'm showing a big loss at the moment, I'm sure things will improve and hope its soon.
Just a thought! I'm a experienced EVSE installer/ manager, over the last weeks since the new Solo 3 Arch3.0 PCB roll out, installers are having major issues with Wi-Fi, testing and configuring the units, some lads have said they are on the phone to pod point for over an hour, trying to fix these issues remotely. A few installers have had to make mechanical alterations
to pods because the factory have sent them out defective,
This all has a knock on effect, meaning we arrive late to jobs, we have to cancel and reschedule some installations
p!ssing off the customers. Could this be having an effect on the share price or am I looking at things to deep?
Panzer
Take off £96m in cash, as of last unaudited results, leaving £219m for the business . This implies a valuation of about 3.3x revenues. Mad price behaviour atm. Quick upticks seem to evaporate like a leaky bucket.
PodPoint’s shares are trading below the IPO price of 225p and its current market capitalisation of about £315mn works out at roughly five times revenue. Although nowhere near as bullish as broker Numis, whose 385p target price implies a valuation approaching £600mn, we think this is a reasonable price to pay for a business that has established a firm foothold in a fast-growing market. Speculative buy.
"Fundsmith is warned after being stripped of ethical rating
David Brenchley Money Reporter
Saturday February 19 2022, 12.01am, The Times
Terry Smith’s fund has been stripped of an influential ethical rating amid accusations it had overstated its credentials.
The £26 billion Fundsmith Equity fund had been classified as having met European Union rules on environmental, social and governance (ESG) standards.
But this week the fund rating agency Morningstar stripped Fundsmith — as well as 1,600 other funds, valued in total at about £885 billion — of their ethical status and warned them that they were misleading investors. ..."
https://www.thetimes.co.uk/article/fundsmith-is-warned-after-being-stripped-of-ethical-rating-dwdwskk7q
Interesting news that 1,600 funds have just been stripped of their ESG rating.
Perhaps some (& hopefully a lot!) of ESG-seeking investors will switch to PODP instead.
And it certainly sounds like PODP are very much on the ball in this respect, with today's ESG RNS from the company.
Investors chronical wrote an article on the weekend noting they are a speculative buy and currently a good price to buy. Really they want to wait till it starts making a profit, probably 2025, till they consider it not speculative. It was a promising article with good points on the business possibilities.
21st Feb 2022 9:00 am RNS Establishment of new ESG Committee
The Board of Pod Point Group Holdings plc (the "Board") is pleased to announce that it has established a new Environmental, Social and Governance ("ESG") Committee (the "Committee").
Although Pod Point's entire mission is focused on the E and S of ESG and as a result of its IPO it is well-placed to deliver that mission, the Board recognises that there's significant work required in order to make sure the appropriate governance structure in place. Consequently, the aim of the ESG Committee is to provide oversight, on behalf of the Board, in relation to the Group's ESG strategy and activities. This will include, but is not limited to, ensuring the Company maintains appropriate policies and processes to effectively support its ESG framework, agreeing the ESG targets the Company should set, and overseeing the Company's ESG reporting and disclosures.
The Committee is chaired by Dr Margaret Amos (Independent Non-executive Director) and Karen Myers Independent Non-executive Director and Erik Fairbairn (Chief Executive Officer) will be members. The Committee will be supported by an ESG Working Group consisting of Margaret Amos, Erik Fairbairn and members of the executive team including among others General Counsel, Head of Policy & Public Affairs, Company Secretary and, once appointed, the new VP of Human Resources.
Gareth Davis, Chair, commented: "As we enter our first full year as a listed company, one of the Board's top priorities has been to establish appropriate and effective structures to govern how we manage ESG and our climate-related risk. Establishing the ESG Committee is an important step towards achieving this objective."
https://www.lse.co.uk/rns/PODP/establishment-of-new-esg-committee-k4hstyoh7c16myr.html
At least Barclays has re-iterated 250p.
Be nice to have other coverage though.
One swallow does not make a summer.
I was in two minds as to whether to sell my entire holding before results day as, in most stocks I hold, even when the results appear good/ok/on-track, the sp ends down by the end of the day. Unfortunately, on this occasion, I held, believing the results would inspire confidence that the company was on target and the sp at least sustained. Considering the IPO was oversubscribed at 225p, then went as high as 280p briefly, should I be surprised it's sub 200p now? It has been as low as 188p I think and there is quite a bit of volatility with PODP. The wide spread doesn't help either. It appears buys outweighed sells on Friday although the figures are not entirely accurate and only meant as a rough guide so maybe 50/50. I think imo the MMs pushing the sp down & sub 200p triggered quite a few stop losses. Everything was looking good until about 13:15 when the sp tanked. As Litoum says, the macro economic conditions are not helping. Then come the negative posters finding every reason under the sun to be bearish on what is a growth stock only recently listed to put further fear into the market. Who doesn't feel like bailing out when under water. The question is, do you crystalise a loss or hold and hope for a recovery. The rollout of EV charging and associated National Grid upgrade is an enormous challenge and can't happen overnight and not by one company alone. If there are component shortages, everyone's affected. I'm not a fan of EV's (yet) but aware we're being forced down this route. I topped up my 14yr old diesel car this morning - full tank >750miles range with no range anxiety and can have the heating on too. As I drive, my car gets lighter - can't say that about EVs. Do I want to buy an EV next, no. I don't do many miles now and I'll fill up in a couple of months time which will take <5mins. I'll continue holding but maybe top slice a bit next time I'm in the blue. I think it's going to be a bit of a rollercoaster.
This just isn’t the best macro economic environment for growth stocks at the moment. Pod point is holding up better than most. The results are good. I’m holding and not panicking. If it hits an all time low in the next quarter I will buy a bit more.
Can anyone help me-i invested in this company at 230p and the outlook was very positive.The SP has slowly declined due to a number of factors.When I read the RNS this morning I thought-yes-here we go-rerate on the cards with such a positive outlook-and then the sp falls over 6%.Im clearly missing something and would appreciate guidance.
Pfff...down 6%...