Announcement • Aug 04
Pod Point Group Holdings Announces De-Listing and Cancellation of Trading Following Acquisition Further to the announcement on 1 August that the Scheme relating to the acquisition of Pod Point Group Holdings Plc by EDF ENERGY CUSTOMERS LIMITED had become Effective, Pod Point confirms that, following applications made on behalf of Pod Point, the FCA has cancelled the listing of Pod Point Shares on the equity shares (commercial companies) category of the Official List and the London Stock Exchange has cancelled the trading of Pod Point Shares on its main market for listed securities, in each case with effect from 8.00 a.m., 4 August 2025. Announcement • Jun 12
Pod Point Group Holdings Expects Listing Cancelation After Acquisition Effective Date The board of EDF Energy Customers Limited (EDF) and the Independent Pod Point Group Holdings Plc Directors announced that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Pod Point other than the Pod Point Shares already held by EDF (the "Acquisition"). As at the Latest Practicable Date, EDF held approximately 53%. of the issued share capital of Pod Point. It is intended that the Acquisition be implemented by way of a court sanctioned scheme of arrangement under Part 26 of the Companies Act. Prior to the Scheme becoming Effective, it is intended that applications will be made to the London Stock Exchange to cancel trading in Pod Point Shares on its main market for listed securities and to the FCA to cancel the listing of the Pod Point Shares from the Official List, in each case with effect from or shortly following the Effective Date. The last day of dealings in, and registration of transfers of, Pod Point Shares on the main market of the London Stock Exchange is expected to be the Effective Date and no transfers will be registered after 6.00 p.m. (London time) on that date. On the Effective Date, share certificates in respect of Pod Point Shares will cease to be valid and entitlements to Pod Point Shares held within the CREST system will be cancelled. Pod Point Shareholders shall be required to return share certificates to Pod Point or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are delisted, Pod Point will be re-registered as a private limited company under the relevant provisions of the Companies Act. Announcement • May 22
Pod Point Group Holdings plc Announces Launch of Pod Drive - Home Charging as A Service Pod Point Group Holdings PLC announced the launch of Pod Drive, a unique EV charging subscription that evolves Pod Point from a charger-only proposition to a trusted charging service provider. Pod Drive is the first new product to be launched under the Group's new brand, Pod. Today's launch is for Pod Drive, an all-inclusive home charging service. The Pod Drive subscription gives drivers a cheaper and more convenient way to charge their EV at home, reducing the up-front costs of installing a charger from PS1,249 to PS99, while rewarding customers with cashback on up to 7,500 "smart charged" miles per year, covering household electricity costs of charging their vehicle. Pod Drive removes the high up-front cost of charger installation, a significant barrier to EV adoption, while giving subscribers control over their EV running costs. A PS40 monthly subscription to Pod Drive includes a Pod Point Solo 3S charger, installation and a 48-hour Service Level Agreement: providing a reliable, home charging system and total peace of mind. In addition, Pod Drive helps customers to reduce the impact of EV ownership on household electricity bills through a form of cashback, known as "Miles". By enabling "smart charging" with Pod Drive, customers will be rewarded up to 7,500 Miles of cashback per year, the equivalent of over PS170. The Group is partnering with Tesco and Mazda for the launch of Pod Drive and is in advanced discussions with several other high-profile brands and distribution partners. Pod Drive marks the first of several new electrification propositions that the Group has been developing to support households with all their charging needs. Announcement • Apr 25
EDF Energy Customers Limited entered into an non-binding conditional proposal to acquire remaining 47% stake in Pod Point Group Holdings Plc (LSE:PODP) for £4.8 million. EDF Energy Customers Limited entered into an non-binding conditional proposal to acquire remaining 47% stake in Pod Point Group Holdings Plc (LSE:PODP) for £4.8 million on April 24, 2025. The Board of Pod Point has received a non-binding conditional proposal from EDF for a possible offer of £0.065 per Pod Point share in cash to acquire the entire issued and to be issued share capital of the Company. Pod Pointunder is subject to the satisfaction or waiver of certain pre-conditions, including unanimous recommendation of the Offer by the independent directors of Pod Point and irrevocable undertakings from all directors who hold shares to vote in favour of the Offer. receipt of irrevocable undertakings from certain other shareholders to vote in favour of the Offer, final approval of the Offer from EDF.
Stephen Jones, Tim Medak, Edward Mansfield, Amrit Mahbubani of Panmure Liberum Limited and Canaccord Genuity Limited acted as financial advisor for Pod Point Group Holdings Plc. New Risk • Apr 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (UK£20m net loss in 3 years). Market cap is less than US$100m (UK£8.17m market cap, or US$10.9m). New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.55m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (UK£7.55m market cap, or US$10.00m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (UK£20m net loss in 3 years). Announcement • Apr 15
Pod Point Group Holdings Plc to Report Fiscal Year 2024 Results on Apr 29, 2025 Pod Point Group Holdings Plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 29, 2025 Announcement • Mar 05
Pod Point Group Holdings Plc, Annual General Meeting, Jun 05, 2025 Pod Point Group Holdings Plc, Annual General Meeting, Jun 05, 2025. Price Target Changed • Jan 20
Price target increased by 7.2% to UK£0.54 Up from UK£0.50, the current price target is an average from 2 analysts. New target price is 393% above last closing price of UK£0.11. Stock is down 48% over the past year. The company is forecast to post a net loss per share of UK£0.17 next year compared to a net loss per share of UK£0.54 last year. Announcement • Dec 24
Pod Point Group Holdings plc Announces Philippe Commaret Step Down as Director with Effect from 10 January 2025 Pod Point Group Holdings Plc announced a Directorate change. Philippe Commaret, an EDF nominated Non-Executive Director (‘NED’) has notified the Board of his intention to step down as a Director with effect from 10 January 2025, due to his other business commitments. The Board is aware that EDF Energy Customers Limited does not currently intend to nominate another Director in place of Philippe, although it remains able to do so under the terms of the Relationship Agreement. Announcement • Oct 09
Pod Point Group Holdings plc Announces CFO Changes Pod Point announced that David Wolffe will step down as Chief Financial Officer ("CFO") but will continue to support the Company across a transition period as needed. David has contributed significantly to Pod Point's strategy, built a stronger finance function, and helped guide the business through a period of significant change. David is succeeded by Mike Killick, who has been appointed to the Board as interim CFO for a period expected to be up to 18 months, after which a permanent appointment will be made. Mike is a chartered accountant and an experienced executive, having previously held senior financial and operational roles within several large businesses, including Restore plc, where he was interim CFO until January 2024. With strong experience in strategic financial planning, Mike will provide support to the Board and CEO as the Group continues with the execution of its Powering Up strategy. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£9.6m net loss in 3 years). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (UK£23.4m market cap, or US$31.3m). Announcement • Sep 11
Pod Point Group Holdings Plc Upgrade Revenue Guidance for Full Year 2024 Pod Point Group Holdings Plc upgraded revenue guidance for full year 2024. For the year, the company expects revenue guidance for 2024 to around £500,000 from previous guidance of £300,000. This represents over a 10-fold increase over Energy Flex revenues delivered in 2023. Reported Earnings • Aug 05
First half 2024 earnings released: UK£0.12 loss per share (vs UK£0.21 loss in 1H 2023) First half 2024 results: UK£0.12 loss per share (improved from UK£0.21 loss in 1H 2023). Revenue: UK£28.1m (down 8.3% from 1H 2023). Net loss: UK£18.8m (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom. Announcement • Jul 30
Pod Point Group Holdings Plc Reaffirms Earnings Guidance for the Year 2024 Pod Point Group Holdings Plc reaffirmed earnings guidance for the year 2024. Overall, its guidance for full year 2024 revenue is unchanged. Revenues are expected to be around £60 million, with the Group exiting mid-single-digit million pounds of non-core revenues. Announcement • Jul 26
Pod Point Group Holdings plc Announces Board Committee Changes The Board of Pod Point Group Holdings plc announced changes to membership of the following Board committees with effect from 25 July: Andy Palmer is appointed Chair of the Nomination Committee and steps down from the ESG Committee. Gareth Davis steps down as Chair of the Nomination Committee but remains a member of the committee and is appointed to the Remuneration Committee. Melanie Lane is appointed to the ESG Committee. Announcement • Apr 28
Pod Point Group Holdings Plc, Annual General Meeting, Jun 05, 2024 Pod Point Group Holdings Plc, Annual General Meeting, Jun 05, 2024, at 13:00 Coordinated Universal Time. Announcement • Apr 19
Pod Point Group Holdings Plc Reaffirms Revenue Guidance for the Year 2024 Pod Point Group Holdings Plc reaffirmed revenue guidance for the year 2024. For the period, Revenues are expected to be around £60 million, with the Group exiting mid single digit million pounds of non-core revenues. Reported Earnings • Apr 18
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: UK£0.54 loss per share (further deteriorated from UK£0.13 loss in FY 2022). Revenue: UK£63.8m (down 11% from FY 2022). Net loss: UK£83.4m (loss widened 313% from FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 107%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in the United Kingdom. Announcement • Apr 04
Pod Point Group Holdings Plc to Report First Half, 2024 Results on Jul 30, 2024 Pod Point Group Holdings Plc announced that they will report first half, 2024 results on Jul 30, 2024 Announcement • Apr 03
Pod Point Group Holdings Plc to Report Fiscal Year 2023 Results on Apr 18, 2024 Pod Point Group Holdings Plc announced that they will report fiscal year 2023 results on Apr 18, 2024 Price Target Changed • Feb 15
Price target decreased by 13% to UK£0.43 Down from UK£0.50, the current price target is an average from 3 analysts. New target price is 108% above last closing price of UK£0.21. Stock is down 65% over the past year. The company is forecast to post a net loss per share of UK£0.26 next year compared to a net loss per share of UK£0.13 last year. Announcement • Dec 18
Pod Point Group Holdings Plc(LSE:PODP) dropped from FTSE All-Share Index (GBP) Pod Point Group Holdings Plc(LSE:PODP) dropped from FTSE All-Share Index (GBP) Price Target Changed • Dec 05
Price target decreased by 7.7% to UK£0.48 Down from UK£0.52, the current price target is an average from 5 analysts. New target price is 106% above last closing price of UK£0.23. Stock is down 62% over the past year. The company is forecast to post a net loss per share of UK£0.26 next year compared to a net loss per share of UK£0.13 last year. Announcement • Nov 17
Pod Point Group Holdings plc Provides Revenue Guidance for 2024 Pod Point Group Holdings Plc provided revenue guidance for 2024. For the 2024 the company expects full year 2024 revenue of around £60 million, reflecting underlying growth in the ongoing business, and some exits of non-core activities. Reported Earnings • Aug 02
First half 2023 earnings released: UK£0.21 loss per share (vs UK£0.049 loss in 1H 2022) First half 2023 results: UK£0.21 loss per share (further deteriorated from UK£0.049 loss in 1H 2022). Revenue: UK£30.6m (down 26% from 1H 2022). Net loss: UK£33.0m (loss widened 337% from 1H 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in the United Kingdom. Major Estimate Revision • Jul 30
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£83.1m to UK£62.4m. Forecast losses increased from -UK£0.134 to -UK£0.172 per share. Electrical industry in the United Kingdom expected to see average net income growth of 41% next year. Consensus price target down from UK£0.96 to UK£0.79. Share price fell 42% to UK£0.30 over the past week. New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£16m net loss in 3 years). Market cap is less than US$100m (UK£46.1m market cap, or US$59.3m). New Risk • Jul 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£76.0m (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£16m net loss in 3 years). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (UK£76.0m market cap, or US$97.8m). Price Target Changed • May 30
Price target increased by 9.7% to UK£1.25 Up from UK£1.14, the current price target is an average from 4 analysts. New target price is 67% above last closing price of UK£0.75. Stock is down 63% over the past year. The company is forecast to post a net loss per share of UK£0.13 next year compared to a net loss per share of UK£0.13 last year. Reported Earnings • Feb 19
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: UK£0.13 loss per share. Revenue: UK£71.4m (up 16% from FY 2021). Net loss: UK£20.2m (loss widened 41% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in the United Kingdom. Announcement • Feb 17
Pod Point Group Holdings plc Appoints Andy Palmer as Member of ESG Committee Pod Point Group Holdings Plc announced that Andy Palmer has been appointed to the ESG Committee with effect from 15 February 2023. Accordingly, membership of the ESG Committee is: Margaret Amos (Chair), Karen Myers, Erik Fairbairn and Andy Palmer as members. Announcement • Jan 11
Pod Point Group Holdings PLC Announces Executive Changes Pod Point Group Holdings PLC announced that Anita Guernari has been appointed as Company Secretary effective 3rd January 2023. The Board wishes to thank Prism Cosec Limited for acting as Company Secretary since the IPO in November 2021. Prior to joining Pod Point, Anita was Group Legal Counsel and Company Secretary of Treatt plc. Major Estimate Revision • Nov 22
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from UK£79.9m to UK£70.3m. Forecast losses increased from -UK£0.10 to -UK£0.10 per share. Electrical industry in the United Kingdom expected to see average net income growth of 18% next year. Consensus price target down from UK£2.07 to UK£1.49. Share price fell 9.0% to UK£0.70 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Philippe Commaret is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Aug 04
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£85.4m to UK£80.4m. Losses expected to increase from UK£0.10 per share to UK£0.11. Electrical industry in the United Kingdom expected to see average net income growth of 16% next year. Consensus price target down from UK£2.78 to UK£2.10. Share price rose 5.5% to UK£1.10 over the past week. Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£6.67m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 39%, compared to a 93% growth forecast for the industry in the United Kingdom. Major Estimate Revision • Jul 09
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£92.2m to UK£85.4m. Losses expected to increase from UK£0.08 per share to UK£0.10. Electrical industry in the United Kingdom expected to see average net income growth of 16% next year. Consensus price target down from UK£3.27 to UK£2.78. Share price fell 22% to UK£1.20 over the past week. Buying Opportunity • Jul 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be UK£1.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has declined by 45%. For the next 3 years, revenue is forecast to grow by 29% per annum. Earnings is also forecast to grow by 60% per annum over the same time period. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Philippe Commaret is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: UK£0.13 loss per share (up from UK£988 loss in FY 2020). Revenue: UK£61.4m (up 86% from FY 2020). Net loss: UK£14.3m (loss widened 11% from FY 2020). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 46%, compared to a 236% growth forecast for the industry in the United Kingdom.