Pod Point Group Holdings (PODP)

Sector:

Energy Producers

Index:

FTSE Fledgling

15.00p
   
  • Change Today:
      0.020p
  • 52 Week High: 27.00
  • 52 Week Low: 14.56
  • Currency: UK Pounds
  • Shares Issued: 155.90m
  • Volume: 59,128
  • Market Cap: £23.39m

Pod Point trades in line with FY expectations

By Iain Gilbert

Date: Tuesday 20 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Electric vehicle charging solutions provider Pod Point said on Tuesday that its 2023 trading performance had been in line with expectations, while its net cash balance was ahead.
Pod Point stated group results were expected to be in line with previously announced guidance of revenue of at least £63.0m and an adjusted underlying loss of no greater than £16.0m.

Net cash, on the other hand, was £48.7m as of 31 December, slightly ahead of guidance for at least £47.0m.

Chief executive Andy Palmer said: "I am pleased that Pod Point has delivered an improved performance in the second half of 2023. We laid out our new strategy, Powering Up, in November 2023 and have made good progress against our key initiatives. Our balance sheet is robust and we go into 2024 excited about our future opportunities."

Separately, Pod Point named Melanie Lane to take over as chief executive officer, with effect from 1 May, succeeding Palmer, who has acted as interim CEO since July 2023.

Lane joins the group from Shell Recharge Solutions, having led the standalone unit following its acquisition by Shell in 2017. Palmer will step down from the group's executive leadership team and return to the board as chair designate, before taking on the role of non-executive chair following Pod Point's annual general meeting on 5 June.

As of 1040 GMT, Pod Point shares were up 7.99% at 23.19p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PODP Market Data

Currency UK Pounds
Share Price 15.00p
Change Today 0.020p
% Change 0.13 %
52 Week High 27.00
52 Week Low 14.56
Volume 59,128
Shares Issued 155.90m
Market Cap £23.39m

PODP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
79.03% below the market average79.03% below the market average79.03% below the market average79.03% below the market average79.03% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
18.15% below the market average18.15% below the market average18.15% below the market average18.15% below the market average18.15% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

PODP Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 90 @ 15.00p
16:35 89 @ 15.00p
16:35 1 @ 15.00p
16:05 2 @ 14.98p
15:55 70 @ 14.98p

PODP Key Personnel

CEO Melanie Lane

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