Blink Charging Co (BLNK)

[mikeymgd]

"Lastly as for the obsolete question, well most of their network is end of life. In fact I would anticipate about 90% of their units are at this point fully depreciated and that is the reason for near no asset value."

This premise is false... at best, a great oversimplification of reality!

My statement was accurate based on context. I was referring to asset value which does not take into account the installation cost. Since the stations were already built when purchased for 3.3m the birthing charge as you stated cannot be used in accounting. If someone chose to set a value there it would be an intangible asset since they do not own the concrete workers, the electrician, the permit for any further use or the location itself. They would be mostly services that no longer hold a true asset value.

You make a good arguement but it would be related to building new more than todays value on the books.

It does however further lend understanding to why people think it will cost 100s of millions to replicate the network though.

Below is from an article on the cost to purchase and install a Business charging station:

EV Charging Station For Business Cost

The cost of a Level 2 charging station for a business (retail or corporate location) can be significantly more than a home charger at over $5,000 for the equipment and installation. The equipment can cost between $2,000 and over $$5,000 – for more details refer to our detailed review of EV charging stations for business. The equipment is more expensive as they are typically pedestal mounted and come with additional features including LCD screens, payment processing and other data tracking features. Most of these models also come with at least two charging ports.

According to RMI, the installation for Level 2 chargers for businesses is the largest component of the cost and can be between $4,000 and $7,000. If the charger is located in a public parking garage the installation cost will be less than a curbside installation as the charger can be wall mounted and wiring is easier. A curbside charger is typically free-standing and trenching or directional boring for wiring increases the installation cost.

I would press hard on your arguement for value here based on installation costs if the units were generating profit but they are mostly lossing money since installed. Regardless of the installation cost, the locations and units hold near 0 value if they cannot operate with a profit. BLNK is likely to lose 100m from 2017 through 2019. That is almost the cost to build a brand new state of the art charging network.