Member Info for MattheHat

Good article. Thanks for sharing. I particularly picked up on the planned (always note "planned) Gov't action to require a percentage of vehicles sold to be electric. "The government is planning to adopt a zero emission vehicle mandate, which will require manufacturers to sell a certain percentage of those cars and vans from 2024. Nelmes urged ministers to ensure the level is stronger than the proposed 22%". Although 22% isn't loads higher than the 16% current, the latter is a figure across all manufacturers. So some will have a long way to go to reach 16% let alone 22%. Should result in some great electric car deals so even out sales of ICE and mean the market average is much higher than the 22% or whatever is set. Great news for PodPoint and others, but a wait of 2 years for the rocket EV's need.

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.

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.