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What's the revenue target for 2022? Thanks
Shaking harder
"Very strong performance with 86% year on year revenue growth to £61.4m"
Pod Point revenue growth -
2018: £11.866M.
2019: £17.295M. = 45.75% growth.
2020: £33.082M. = 91.28% growth.
2021: £61.415M. = 85.64% growth.
= Average annual revenue growth rate over the last two years of 88.46%.
A nice fat increase ... or should I say a 'two fat ladies' increase!
And projecting revenue growth forward at 88% p.a. would give -
2022: £115.46M.
2023: £217.065M.
2024: £408.08M.
2025: £767.195M.
I.e. taking off like a jumbo jet ...
PODP's cash outflow from operating activities more than halved to just £2,216K., which relatively speaking looks very small for a company growing so rapidly.
18th Feb 2022 7:00 am RNS Preliminary Unaudited Results for FY2021
" ... One off large corporate transaction and restructuring costs, relating primarily to the Listing were £5,739k which compared to £8,042k for the full year 2020 (2020 11 months: £7,916k) when the business incurred costs primarily relating to the purchase of the Pod Point business.
Net finance costs, primarily related to borrowing from Pod Point's pre-listing shareholders increased to £1,290k in 2021 compared to £638k in 2020 (2020 11 months: £608k), as a result of additional funds being loaned to the business to support its growth. All shareholder loans were repaid upon listing in November 2021 and finance costs in 2022 are expected to be limited.
Most key balance sheet accounts increased year on year due to the increase in the size of the business, this included trade and other receivables, inventory and trade and other payables.
Closing cash and short term investments were £96,112k (2020: £2,943k). At 31 December 2021 £50,000k of cash had been placed on a six month bank deposit and so has been classified as a short term investment. Closing net assets were £199,835k (2020: £98,773k)
Cash outflow from operating activities decreased by £3,661k to £2,216k in the full year 2021 from £5,877 in the full year 2020 (2020 11 months: £6,509k). This was primarily due to a smaller operating loss, once the non-cash impact of share based payments had been taken into account ..."
https://www.lse.co.uk/rns/PODP/preliminary-unaudited-results-for-fy2021-y5a1nyadqt2wwnt.html
18th Feb 2022 7:00 am RNS Preliminary Unaudited Results for FY2021
Preliminary unaudited results for the period ended 31 December 2021
"Strong financial and strategic performance with excellent momentum"
Pod Point Group Holdings plc (the "Company") and its subsidiaries (the "Group"), one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions is pleased to announce its preliminary unaudited results for the year ended 31 December 2021. ...
Group Highlights
· Very strong performance with 86% year on year revenue growth to £61.4m
· 99% year on year growth in gross profit with margin increasing to 27% from 25%
· Strong expansion of the customer base across both Home and Commercial segments
· Increase in headcount from 247 to 447 including 73 inhouse installers supported by network of over 221 third party installers
· Adjusted EBITDA of £58k was a result of increase in revenues and gross margin with the loss for the full year 2021 of £14m including one-off costs of IPO and share-based payment costs
Strategic and Operational Highlights
· Raised £120m in a successful listing on the London Stock Exchange and received the Green Economy Mark at Admission, demonstrating the key role the company is playing in the transition to a sustainable economy
· 12.2m charging sessions delivered, enabling 955m km of low carbon travel and helping to avoid 127,267 tonnes of CO2e
· Over 66,000 charge points installed and shipped (2020 full year: 35,763) while maintaining outstanding levels of customer service with a 4.3 out of 5 rating on Trust Pilot and a 4.65 out of 5 rating on review.io with a 91% recommendation rate
· Market share in home charging increased to 18% (2020: 16%) driven by new commercial deals with car manufacturers and operators of business car fleets
· Total number of units installed and able to communicate at the year end increased to 137,420 (2020: 77,498) providing an excellent base to expand recurring revenue products
· Key OEM contracts won or renewed include Fiat, Jaguar Land Rover, Mercedes and Nissan
· Pod Point now has over 130 active fleet business accounts with businesses including Coca-Cola, DHL and Royal Mail
· In the Commerical segment key customer contracts won during the year included CBRE, Hermes and Serco, and we renewed our contract with LIDL
· Owned asset sites increased to 453 with 984 charging points including 73 DC rapid units ...
https://www.lse.co.uk/rns/PODP/preliminary-unaudited-results-for-fy2021-y5a1nyadqt2wwnt.html
Ha ha! Enjoy :)
Horseradish
Panama
Will that be with chilli sauce or without?
Webcast presentation
There will be a webcast presentation for investors and analysts this morning at 09:30 am. Please contact podpoint@tulchangroup.com if you would like to attend.
A so good result, why no movement ? What's the problem ?
If this doesn’t hit 250p today, I’ll eat my sou’wester.
They want your shares
Thanks Boogester, and to MrNumpty on ADVFN who also flagged this up:
"Electric car makers demand regulator boosts charger coverage
Manufacturers fear a lack of charging points will put buyers off
By Howard Mustoe
16 February 2022 • 6:00am
Car makers and dealers have demanded an independent regulator to ensure patchy coverage of charging stations does not put the brakes on sales of electric models.
Motorists are snapping up electric cars, taking advantage of cheap charging and tax incentives as petrol prices soar, but the rollout of public charging points is not keeping pace, according to the Society of Motor Manufacturers and Traders (SMMT).
The trade body wants a new regulator to oversee fees for charging and boost investment in regions such as the North of England, where the rollout has been slipping.
The number of electric cars on UK roads has almost quadrupled since 2019. However, the number of charge points grew by only 70pc over the same period, the SMMT said. ...
A government spokesman said: "We want as many people across the country to have the opportunity to make the switch to electric vehicles. This Government is providing over £1.3bn to support the continued roll-out of chargepoints at homes, businesses and on residential streets across the UK, levelling up our chargepoint provision while supporting the deployment of rapid chargepoints on motorways and major A roads in England.""
https://www.telegraph.co.uk/business/2022/02/16/electric-car-makers-demand-regulator-boost-charger-coverage/
Interesting news today with a push to create an electric car regulator to ensure enough charging points are created in the next 8 years to service people and assist in transition. Pod point in perfect position to grow from this push and need for government investment. Looking forward to tomorrow!
https://www.google.com/amp/s/capital.com/amp/who-benefits-from-mandatory-uk-ev-charging-targets
6th Jan 2022 7:00 am RNS Trading Update and Notice of Results
"... Pod Point will announce Final Results for the year ended 31 December 2021 on 18 February 2022 and there will be a presentation for analysts at 09:30 on the day. Please contact podpoint@tulchangroup.com if you would like to register to receive details. ..."
https://www.lse.co.uk/rns/PODP/trading-update-and-notice-of-results-a3hmitlvlxsopip.html
Well as 'spikings' go it would be relatively benign - just a few per cent - and probably very temporary.
And I'm hoping for a much bigger rise this Friday with the final results and analysts presentation, which could be prefect timing for some positive weekend press coverage.
And if markets continue to recover, there could be some sustained momentum upwards.
2020 revenue was £33.082M., but I would expect it to have reached £60M. last year, which will highlight the company's exponential growth.
And this year revenue could exceed £100M., and could be up about ten-fold in just a few years.
Pod Point revenue growth -
Year end 31 December
(£000)
2018 2019 2020
11,866 17,295 33,082
This sort of explosive growth is very rare, and investors will pay highly for it.
Monday's rise was very short lived - thanks MoS. Admit to top slicing on Monday & topped back up again today. MMs & Brokers must be loving this volatility. Expect a repeat of Monday on Friday if results good. Probably caught some on the spike. Good to see SP holding above 200p.
Personally I hope that there will be no war, and I'm not saying that as a shareholder!
"Thanks to Waldron on LSE for flagging up this Mail on Sunday tip today."
Amendment: Waldron posted it on ADVFN, not here.
John,
I would agree that the Ukraine situation may well mean that the rise here tomorrow is less than otherwise.
But whatever happens there, I think that markets here are primed for a good period.
A lot of fear about a Ukraine-Russia war is already priced into the markets.
And I recall that with the Iraq invasion in 2003, markets bottomed when the war started, having fallen in the run-up to it, and then recovered during the invasion itself and afterwards.
SP is pretty much nailed on to bounce in the morning unless there is severe market weakness due to the International situation (and the weakness at the US market close on Friday).
Interested but not convinced yet. Have read every article I can find, and think that they have the home charging side of the business right, but I have doubts about the relatively low charge rate business model outside the home which will largely attract those who want a freebie to just put a little back in the tank while they get their cornflakes. Time will tell, it depends on consumer psychology on managing EV refuelling which is probably too early to predict. Will see what happens to the SP over the week.
Funnily enough, a year to the day ago exactly the same column tipped another green energy play, i.e. eEnergy (EAAS), at 14p:
"MIDAS SHARE TIPS: Need a lightbulb moment for your portfolio? Try eEnergy, the firm that's saving schools money
By JOANNE HART, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:51, 13 February 2021 | UPDATED: 17:41, 15 February 2021
... Midas verdict: Companies, schools, hospitals and Government departments are increasingly keen to reduce their carbon emissions. eEnergy offers a simple way to get the job done and save money at the same time. At 14p, the shares are a buy.
Traded on: AIM Ticker: EAAS Contact: eenergyplc.com or 020 7078 9564"
https://www.thisismoney.co.uk/money/investing/article-9256855/MIDAS-SHARE-TIPS-eEnergy-saving-schools-money.html
The next trading day, i.e. Monday 15.2.22, EAAS closed at 18.9p, a rise of 35% from the tip price.
And within barely a month EAAS had nearly doubled from the tip price, closing at 27p on 22.3.22.
The Mail on Sunday has a readership of several million, so there's no better way of bringing an overlooked share onto many more radar screens:
"The Mail on Sunday is read by over six million a week."
https://en.wikipedia.org/wiki/The_Mail_on_Sunday
""MIDAS SHARE TIPS: Pod Point is motoring after installing more than 90,000 electric vehicle chargers across UK
By JOANNE HART, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:50, 12 February 2022 | UPDATED: 09:55, 13 February 2022
... Results this week should show that Pod Point is motoring. Today, fewer than 1 per cent of the cars on UK roads are electric, but 25 per cent of all vehicles sold in December were electric so momentum is building fast.
The trend is expected only to accelerate over the next decade, on both ecological and financial grounds.
Even after April's price hike, electric cars will still be at least 60 per cent cheaper to run than the petrol-fuelled equivalent.
Pod Point has some clever technology too which means that chargers can deliver more power when demand for electricity is low and prices fall – in the middle of the night – and rein in when there are power surges or even when individual homes are using lots of energy.
Midas verdict: Like all young businesses, Pod Point is not without risk, but the company is in the right place at the right time. Fairbairn is highly ambitious and, at £2.03, the shares are worth a punt, especially for the environmentally conscious investor.
Traded on: Main market Ticker: PODP Contact: pod-point.com or Equiniti on 0371 384 2030"
https://www.thisismoney.co.uk/money/investing/article-9256855/MIDAS-SHARE-TIPS-eEnergy-saving-schools-money.html
Thanks to Waldron on LSE for flagging up this Mail on Sunday tip today.
It was about time that PODP was fully tipped somewhere!
"MIDAS SHARE TIPS: Pod Point is motoring after installing more than 90,000 electric vehicle chargers across UK
By JOANNE HART, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:50, 12 February 2022 | UPDATED: 09:55, 13 February 2022
BP and Shell are both investing heavily in electric vehicle chargers, but Pod Point is ahead of them both – at least in the UK.
The company has installed more than 90,000 chargers across the UK, far outstripping the oil and gas majors.
Most Pod Point chargers are set up in drivers' homes, but the kit is being rapidly installed in other convenient spots, such as car parks, shopping malls, petrol station forecourts and workplaces.
Pod Point listed on the stock market in November at £2.25 and the shares have since fallen back to £2.03.
The current price offers investors an attractive entry point to a business that is on the right side of the Government's green agenda and is helping motorists to save money at the same time.
Pod Point was founded in 2009 by Erik Fairbairn, a mechanical engineer turned entrepreneur, with a mission to make it simple for motorists to switch from traditional cars to electric ones.
Many motorists are put off electric vehicles for fear of running out of power in the middle of nowhere. Fairbairn strives to counter this by installing charging points in places where they tend to spend time, such as where they live, work and shop.
Pod Point also installs, manages and maintains its chargers, to facilitate the experience of going electric.
The company works with car makers including Tesla, Audi, Peugeot, Vauxhall, VW and Nissan.
It supplies chargers to property developers such as Barratt, Bellway, Berkeley Group and British Land.
Supermarket chains Tesco and Lidl have signed up with Pod Point too, alongside car park operators, transport firms such as DPD and Hermes, and manufacturers, including Nestle and PepsiCo. ..."
https://www.thisismoney.co.uk/money/investing/article-9256855/MIDAS-SHARE-TIPS-eEnergy-saving-schools-money.html
Well said Lee
Some shareholdings I have generate few posts - in fact apart from me one board has had no posts since last April. Others generate hundreds a day from 'fanboys' every day, often even at weekends. And as you observe, they frequently don't all do well. Seems an odd way to determine investability (think I just made that word up) but it worth consideration!