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What percentage of the company does EDF hold?
Fascinating.
According to Telegraph, EDF is set to be nationalised. Not sure how this will affect Pod Point??
Yep, another bad day gromit!
The pattern seems higher first think in the morning then a plunge after elevenses
Having sold at 153p, now back in below 120p although marked as a sell. Last chance with this as PODP had £96m in cash as last unaudited results and market cap now £182m with revenues of £61m. Can't believe this has fallen this far from the IPO. Last time I chance my arm with this one though it's to depressing :(
I’m 6 grand down across all trades now. Which is worrying to say the least. Best thing I’m gonna try and do is forget about them for a while and stop looking at the app and hope it recovers
True
I cant remember a time in the last 20 years or so where so many investments (if I can call them that!!) have turned turtle without a major crash of the entire market.
The only ones I have that are feeling perky and happy are an oil major, a big pharma and utilities.
You have to remember, podpoint is owned by EDF energy. There was news this morning of gas prices reaching record highs and the fear of Norwegian workers striking. This will have a detrimental effect on the price also. I too won’t be catching a falling knife, my average is well over 200p and I’ll just have to forget about all my investments right now and set upper limits to sell when they begin to improve
LtCaptain, can't say I agree, green issues are still in focus, with EV point now being fitted to every new UK home. The business model is really under question here plus the strength of the competitors. Don't know if you plan to average down, but personally I have decided not to try to catch a falling knife with such a determined downtrend.
I suspect the figures on new car sales which were reduced this morning provide a good indicator about why there has been a continuous drift down in SP for Pod Point. Sales of new cars are down 24%. This is the lowest level in 26 years.
There isn't an awful lot Pod Point can do about this except wait it out. The cause of the drop is down to global chip shortages and it's further exacerbated by the Ukraine/Russia conflict which has disrupted supply chains. Most EU manufacturers acquire wiring looms, and various vehicle components from factories in Ukraine, and to a lesser extent in Russia. An easing to the global chip shortage and conflict in Ukraine will see car sales return to healthy levels. I think that'll be the main catalyst to the Pod Point SP. Until then whilst new car sales a constrained, battery charger sales will be impacted. Bear in mind, a sharply growing proportion of new car sales are electric. Only a very small percentage of second hand cars are electric. Therefore new car sales figures are incredibly important to the success and performance of Pod Point.
Today went awful John in fairness. Just got to hope it recovers healthily
Today went well again then
It does indeed sunshine. I was being a little too optimistic it seems. Oil prices seem to have a large impact on this stock, ironic as the fundamentals of the company is to make for a greener future. I have half my savings in this investment therefore I’m hoping it recovers! Time to close this website and ignore it for a few months
Hush,, it seems one may have spoke of support at 150p way too soon!
Judging by the chart today it seems we have a certain level of support at 150p given the last time it dropped. This company does have a bright future and hopefully it is going to positively react with the ftse when that starts a recovery
TR
Back in March it went down to 1.60 ish. This seems worse. I hope not, but has a momentum to it. Hope you are right about the recovery Pete but I'm not holding my breath! The Ionica story is very relevant, I'm reaching the point of hoping that PODP is worth 250m to one of the big boys for the tech and contracts. Was the flotation about the founders capitalising on their efforts to date just in case?
My average of it is 217p. Which is a bit sickening. I don’t know whether it’s dropping due to the whole market being pounded or what. But podpoint have contracts with some big car companies which is promising! Hopefully it recovers soon as it dipped like this around a month or 2 ago if I recall
Back in the late 90’s there was a cellular operator called Ionica. i wanted them to survive but alas Cellnet & Vodafone had deeper pockets. I sold out today, bought L&G, DLG & MNG for the dividends. Watch the price of PODP recover now lol. GLA
As Pete and I discussed, despite being in the right sector at the right time, BP and Shell are big boys and I think PODP could well be swamped. I am thinking of a stop loss here to be honest, I bought and sold at a small profit then made the (what looks now) mistake of buying back in at 200p. Sad, as I really want them to succeed.
As baffled as you are.
Can’t understand how this has slumped so low of late. Yes the market in general is poor but I believe this has a great future! Any other thoughts?
Year low (all time maybe) hit today. Where are all those jubilant & enthusiastic posters when the SP was >200p. Sold out or crying sheepishly into their Twinings English Breakfast. Have to admit to having a small top-up today. Falling on very low volumes & no news. Article in Torygraph re 22000 jobs in the IC motor industry at risk as people switch to electric. Retraining required. Confident this will bounce soon.
I sadly agree Pete. Down again. I have seen TV ads implying the supply of home charging devices
Whilst the market cap of podp drops daily, i’m hoping that whereas BP et al will service the petrol stations, motorway services & large industrial estates / shopping centres, i’m hopeful that podp will continue to thrive in the domestic & sme. A positive update is really needed to stop this decline. There is hardly any daily volume but the sp continues to deteriorate. Still holding.
Just got to wait for some news before any real action now.