Member Info for PanamaPete

Once those 1.1m & 650k trades cleared, the bid jumped smartly back to 50p. Liz Truss's pro fracking, anti-solar farm stance did not help. I don't expect to see any real movement until after the budget statement in November. For every seller there is a buyer so someone happy to pick up a fair chunk at 48p and with the market cap of £77m well below the cash position of £82m as of June 2021 I can only agree with you TR that the price is being deliberately held down. Worth re-looking at the blog on the PODP website which gives some updates on what's going on - https://pod-point.com/electric-car-news/recharging-in-nature-with-bmw-uk.

A lot of UK electricity is produced by gas powered turbines so i would expect energy companies to start lowering their tariffs for both gas & electricity as gas prices briefly turn negative.

https://edition.cnn.com/2022/10/26/energy/europe-natural-gas-prices-plunge/index.html

Great if you’re in-work but how about retired folks drawing down an income from their SIPPs. What about a tax free withdrawal to buy an EV. Could release a few millions from pensioners.

Now if she were to give up her 'for life' PM Pension of circa £150k pa , I might have a modicum of respect for her.

This is what some posters on here sound like.
https://youtu.be/i2KLyBapfTc

"If Truss & Kwarteng are still in post by Christmas, I shall eat my Panama hat."

I was so looking forward to eating my hat :-|

Hob Nobs vs Rich Tea.

JH expects government departments to become more efficient so the tea lady has to go.

https://www.smmt.co.uk/2022/10/new-car-market-up-as-plate-change-september-marks-one-million-ev-milestone/

Act 1 Scene 1
Liz Truss sacks chancellor
Intermission
https://youtu.be/5YdHqxTcBfI
Act 1 Scene 2
Tory MPs sack Liz Truss

Liz Truss just announced ‘Public Sector to become more efficient‘. Sounds like more outsourcing to me.

The price is now down to where it was wanted & probably frighted off most PIs except the most hardened (stupid) that have held since IPO or those that have been in & out on the way down. Now below cash value as at 30th June this year. Hopefully, the next update from the BOD will clear the fog. I still think there will be an offer for PODP or a surprise better than expected update. Perhaps another U-turn by the dynamic duo T&K will promote PIVs & company's that are driving the change to EVs.

How things are worded.
From the BBC "The IMF expects only Germany and Italy will see weaker growth next year than the UK among the world's advanced economies."
So the UK will see stronger growth than Germany & Italy next year then. So why not say it like that then instead of continually putting the UK down.

I don't think there's really a valid reason for the price to be below cash position except the autobots & algos driving this down with the market. I see it as a buying opportunity though. There is zero value ascribed to the business. It has recurring revenues of £800,000 which hopefully have increased and a 22% UK market share. Cash burn I think was circa £7m in the last 12 months so they have plenty of fire power to ride out the market calamity. I agree that the lack of news is doing nothing to support investor concerns but I guess it's just a waiting game. I'm still of the opinion that consolidation &/or PE interest is lurking at this price.

Market cap now £79m, £3m lower than cash position as of 30th June.

Doubled my holding today, doubled my divi. Good result!

https://pod-point.com/electric-car-news/liz-truss-evs

153,954,931 shares at 55p per share on the Bid gives a market cap of £84,675,212
As of 30th June 2022 closing cash position was £82,086,000
Market therefore values the company at a little over £2m (£2,589,212)
OK so there will be cash burn since June 30th (3 months) but I do feel this has hit the bottom & upside
has to be greater than downside at this price.
An update on progress from the BOD would be welcome.

Can't believe this is trading at near June's cash position so have bought back in today.

Did the market give Truss & Kwarteng a spanking last week and some smarties today with a gold star.