Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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This is such a ridiculous comment. The ipo price was not aggressive. If anything, it's a comment on the London stock market. Chargepoint, which is also not profitable, is valued at 16x 2022 revenue. 16x! Yet this is now not even 2x 2022 revenue. Why is that? Because the UK investor doesn't look long term, rather short term. You can't say the IPO price was overvalued when companies in the same industry and not profitable as well are valued even more. It's a comment on the UK, no wonder there aren't many tech IPOs here.
It's dropped because the IPO price was far too aggressive. Even in 2024 this is forecast to lose £5.9m, they've got current gross margins of just 25%. The saving grace is the balance sheet with £82.6m cash at 30/06, so there is no danger financially, it's just hard to know what metric to value this on?
If it's recurring revenue then the current levels are paltry;
"At the end of the half year we had 18,732 commercial units installed and able to communicate, an increase from 13,175 from 30 June 2021 and 16,005 from 31 December 2021. Currently only Commercial units generate revenues and these revenues had increased by 91% to £0.8 million from H1 2021. The average recurring revenue per unit (the KPI we use for these revenues) improved from £30/unit to £41/unit as we grew our share of usage revenues, (where we act as the charge point operator on behalf of the customer and owner of the charge point units)."
The only thing that will stop the freefall is evidence of leveraging their home unit base to increase recurring revenue, of which there is currently none.
Otherwise they are simply selling low margin charging points in a mega competitive marketplace with gross margins barely covering labour costs.
At 207p it's another horrendous IC tip.
I'm thinking lock-in period of 12 months coming up in November, maybe there's been forward selling? But the drop has been ridiculous.
can't understand why this has slumped so much in the last 3 months. Only reasons, from what i can gather are the rising energy prices and the fact they stated the supply chain issues were going to be a problem going forward. I really hope it doesn't go down to 53p though.....
GREEN is gone mate. For the foreseeable.
53p would be approximate cash value with nothing to add for the current business. What is conspicuous by its absence is any comment from the BOD regarding the share price and crash of shareholder value.
It's been a nasty ride this one. I've been in & out of this a few times. Ok so losses did widen but it's still cash rich & the situation with Russia/Ukraine (war) hasn't helped anyone but I feel this situation is at a turning point now with Russians fleeing Crimea and 'talk' of desire to end conflict coming from sources in Russia (allegedly/anecdotal). The media fear of energy prices, like Covid, is driving down sentiment but I have a hunch things are not going to be quite as bad as predicted. People will adjust, demand will drop, gas will flow & the sun will come out. Good time to buy a woolly jumper (sweater) while temperatures are scorching. Still feel there is a possibility of consolidation / buyout. Shame the CFO's 510,000 share purchase were nil cost options - that didn't help. I'm sure we'd all like to see them digging deeper into their own pockets. And yes Barclays broker price of 105p didn't help but that's 5% above these levels. Ho-hum.
your input always seems to settle my nerves a bit PanamaPete haha. I'll try average down the best i can. My average is sitting at 1.89 currently so i have quite a lot of room to average down!
I said I might be interested should it fall below 100p, well it has & for my sins I am back in. Some positive news on energy prices will lift this. Daily Mail article saying cheaper to charge at home at 7.5p/kWh rather than the pricier public charging points but PodPoint 's supermarket chargers cheaper than many - perhaps too cheap.
https://www.dailymail.co.uk/money/electriccars/article-11106357/Study-reveals-huge-extra-cost-charging-EVs-using-public-network.html
Fingers crossed yeah. Their parent company EDF are obviously flying in terms of their share price lately. Well done on getting in under a quid. I’m hoping to average down within the next few days. I’m currently sitting at 1.91 so a long way to go. Barlcays price target hasn’t helped either
spread is now 1% and I am hoping we have a double bottom forming on the charts.
Not sure why Barclays tanked their target price by 50%... but I've bought a few under a quid.
Infuriating to see there’s a lot more buying than selling, or so it appears. Yet we’re stuck for movement!
Had PODP on my radar for a while but decided to spread the risk in this area by buying an electric charging infrastructure ETF instead. I went for ELEP which has a spread of companies in one investment. Very difficult to pick the winners in a relatively new market, so thought ELEP the way to go.
This stock is extremely frustrating. The spread is ridiculous. Trying to think long term but it's a struggle when it's going no where, even when the US enforces the need for electrification etc with the inflation reduction act. All electric car link stocks are well up last few days in us. This one just jumping 5% up and down every 5 mins. The article below is worth reading though to remember the possibilitiea in this industry
https://www.reuters.com/business/autos-transportation/evs-go-mainstream-rush-share-home-charger-market-2022-07-20/
Unsure whether to average down at this point or just hold and try make in other trades ???????
It’s a buy to hold and not many sellers about but the the spread will close IMHO.
The spread of 4.9 pence does not give me confidence in the share
Always on the alert for news that might affect a SP even though there may be no substance just conjecture. Electricity blackouts this winter will affect charging of EVs. I love the media. Good news doesn't sell like the new Battery plant investment in Northumberland. Just hope all the old batteries can be returned there for re-cycling.
Not a train crash then but cash reserves down £14m in a year. I'll wait for this to go back to sub 100p before jumping back in.
On the whole, numbers and information is very positive considering the impact of the war. Happy with that. Yes my shares are still down as my average is 217, but confident it’ll climb
I'm hopeful they post decent growth numbers. Whether their net loss has increased is another question. I'm hoping a decent revenue number and guidance for the rest of the year will bring a nice bounce.
How’s everyone feeling with regards to results being posted tomorrow? Good/bad? Got my fingers crossed for some good press
New investors that jumped on board yesterday while I abandoned ship completely will learn the pain of holding PODP. I’d averaged down to 109p & sold up circa 114p so a small profit on 30,000 shares. So thanks for than ST. Update on Thursday. I prefer to be out rather than hang on over the results. Maybe they’ll shoot up to 150p or dip below 85p who knows but plenty of opportunity methinks to get back on board. GLA
Tipped in Sunday Times.