Earthport Share Discussion Threads

[isaready] 02/5/2016 11:28

Homedude, SilkStag I suspect knows, fickle he may be, the price would rise. Why ask an arrogant troll any question whilst he holds a gun to anyone who dare challenges him.

Life is not about one person, whether they are, were right, its not. SilkStag is insignificant , its simple.

[isaready] 02/5/2016 11:26

Chadders, I took a look. I like the way Troll SilkStag ignores anything positive. It's clear he is a terrible man, a man of vengeance, hatred and nothing more than a bully I suspect in the real world.

He cannot answer these simple questions, can you SilkStag?

Are you a bully?
Have you ever been wrong? Ever and admitted it?
Are you arrogant?

Hmmm lets see how we get on.

All in all Chadders, its clear, there are some short term issues, lets park the history, but its also clear they have come a long way in cementing a model and business which has the potential.

Potential is an IF. They may get it or not, time will tell. One thing is certain, they now have clear direction, strategy and have positioned themselves to take advantage of this.

The revenue, projected for 2016, if hit is very very good, 31 million. That's brilliant for a company when Hank took over has a few million if that revenue. Lets not forget this.

SilkStag, where does it mentioned fundraising, they will have 11million and it also looks like, they can now sustain the business costs by using existing revenues, which means cash shuld not fall.


I suspect if there is a fall, it will be minimal. Most of the negative news has been priced in, so I suspect any positive news will bump this back into the mid 20s and them 30s.

[homerdude] 01/5/2016 18:57

Silkstag,If earthport recovered all of the 5 million cash do you think once announced the share price would crash to 4p or rise to 30p.

[chadders] 29/4/2016 15:46

isaready,

earthport.com website. Click the "investors" tab and look for the investors presentation that took place on Wednesday 27/04/16. It's very slick and professional and there's a lot more interesting info.

Clearly they are making huge progress but 12 to 18 months away from completing the global footprint development.

[isaready] 29/4/2016 12:19

Chadders, this information, where is this from..

Forecast year end cash balances,

2016; £15 million to £17 million
2017; £10 million to £11 million assuming no recovery of Baydonhill loss*
2018; £11 million to significantly higher.

[chadders] 29/4/2016 12:12

I don't think I've ever witnessed a worse case of self inflicted public humiliation.

[chadders] 29/4/2016 12:10

Forecast year end cash balances,

2016; £15 million to £17 million
2017; £10 million to £11 million assuming no recovery of Baydonhill loss*
2018; £11 million to significantly higher.

2016 business is cash generating with operating profit at 25% of sales

My view - no funding required. A certain troll needs to take note.

*On Baydonhill,

EPO's own financial crime insurance covers them for up to £4.995 million.

Administrators assisting EPO in claiming against fraudulent clients own insurance.

Civil recovery proceeding against one or more directors personal assets. Metropolitan police investigating and assisting.

My view - highly likely that some, if not all, of the £5 million fraudulent loss will be recovered.

Forecast H1 2016 transactions up 43% on H2 2015 numbers and 23% increase in payments volume.

Expansion to continue and expected to be 2.4 times 2016 operational income.

My view - a rapidly expanding business with a clear strategy and a management team that is delivering.

[isaready] 29/4/2016 11:50

SilkStag, do you think your posts have contributed to the share price fall?

[silkstag] 29/4/2016 11:06

Multiple trollgasm by chadders, isaready and homerdude. You are a bit creepy, delusional and dim...but hey, EPO management need mugs like you as do sellers.
It went up 4p on pump vapour then we learned that revenue per transaction is plummeting 31% in 2016 alone, proving EPO missed its window in the market; with costs rocketing so it is doomed.
Price slide back and down toward a series of disaster funding rounds at 4p plys 1 fir 7 consoludation like 2005 will start soon.
SELL OR DROWN. UP TO YOU
All imho

[chadders] 28/4/2016 19:59

isaready, it's one of those rare moments when somebody is flushed out for what they really are.

[isaready] 28/4/2016 19:19

He is Chadders really pathetic.

He is a spoilt little boy who throws his toys out.

[chadders] 28/4/2016 18:09

pathetic creature.

[homerdude] 28/4/2016 16:05

Silkstag, oddly you are the troll, have been for years it seems, looking at your posts. Crybaby, look in the mirror, you get emotional, throwing your toys out of your pram, yes you still have one, the moment you don't get your way. You are simply ridiculous

[isaready] 28/4/2016 14:37

Chadders, you seem to state facts.

SilkStag, you seem to state your agenda and that's all. It's devious, selfish and one may even say ridiculous. Quite why you think you can dream up these posts and think it's acceptable is beyond me.

[chadders] 28/4/2016 13:38

Baydonhill is a screw up but it is a side issue.

The Company is rapidly expanding and investing its profits and cash pile in increasing the global footprint. That's the strategy - forsake short term profit for bigger long term gains and create a greater critical mass more quickly.

If you're happy with the strategy great but,as CheshireMoggie points out, there is time to watch and wait. There is a danger you miss the change in sentiment, if it comes, and there is a danger this may not be the bottom.

If you're not happy with the strategy, find a Company that fits your investment profile.

Most of us are grown up enough to realise this.

[homerdude] 28/4/2016 12:35

Silkstag,Do you know the facts surrounding the 5m fraud? Meaning do you know who was at fault ?Yes or no?

[chadders] 28/4/2016 12:09

Arf, even if they recover nothing from the Baydonhill fraud there is plenty of cash.

Troll,
Forecast year end cash balances,

2016; £15 million to £17 million
2017; £10 million to £11 million assuming no recovery of Baydonhill loss*
2018; £11 million to significantly higher.

Get over yourself because you're beginning to behave like a jilted lover....oh and you're not qualified to give investment advice.

[cheshiremoggie] 28/4/2016 12:03

I dont think any of you or I know the exact circumstances surrounding the £5m loss. If basic procedures were not followed then maybe the sum isnt insured. If they were then maybe they are insured. Certainly the insurance company will be looking into the matter closely.

Until this is finally resolved there is uncertainty.

CM.

[silkstag] 28/4/2016 11:45

Arf, you raise a savvy point. If a driver leaves keys in the ignition while popping into a shop, the insurer will refuse to payout for theft. If EPO breached agreed procedures then its insurers will refuse to payout (even if it is covered which is not clear as it may depend on proving who committed the alleged crime).

EPO share price pumping around its 9 September 2015 porkies day fell back quite fast as once institutions stop supporting then vapour will not maintain fake gains. A lot of the buys will have been traders betting on the porkies pump, who of course will dump when it changes direction. There is no upside for investors in these vapour pumps, jut high risk trading.

EPO missed its September 2014 fundraising forecast profit (and approx year end cash balances) for fy15 by -£9.2m and is on track to miss fy16 by -£25.6m. Total miss -£34.8m. It also missed funding forecasts in previous years by absurd amounts. And they failed to downgrade when they knew they were falling far short, in breach of AiM rules. Thus this management team has a proven track record of serial fraudulent misrepresentation and misleading the market on expectations, especially when fundraising.

EPO will raise funds before signing the accounts in autumn, so any reader who says they can safely rely on management forecasts today is crooked or stupid or both. Like the previous investors who did rely in the past e.g. Sept 14, you will lose a high percentage of your cash. What is rough, is that high loss percentage is already dead the second you invest. The serial downgrades are certain as is the price crash that goes with them.

EPO porkies pump day in March 2015 said they had already passed breakeven. Then came the downgrades and a -£9.2m fy15 loss. They are lying about breakeven now, as they have done before.

Disaster funding rounds @4p, massive dilution and 1 for 7 share consolidation are on the way. Management and board changes overdue. Management death spiral.

MAYBE LAST SELL OPPORTUNITY AT GROSSLY INFLATED SHARE PRICE. LARGE LOSS PERECENTAGE ALREADY HIDDEN IN SHARE PRICE SO INEVITABLE.

all imho

[isaready] 28/4/2016 11:20

Arf,

You do your due diligence, this confirms the third party has everything in place to act in a responsible manner. Its the same for a project of any kind. But, there are always unknowns, unknowns are risks.

Now unless you are stupid, you cannot avoid every risk in life, unless you do nothing. In most instances this is not an option, especially in business, so to reduce your exposure to that risk you may take insurance out, or share the risk with the third party.

In the same way as employing someone. They have never committed fraud of any kind, one day they wake up, need more money to support their gambling addiction and starts stealing money. It's life.

In this case, they have insurance and should be covered because simply, the third party decided not to follow the agreed processes in place, i.e transfer the money.

[cheshiremoggie] 28/4/2016 10:33

Aha...

Lots of interesting stuff in the investor day presentation which I'm sure will lead to even more debate here than there has been already.

As someone on the sidelines for the present, I took note of the fact that they are 'targeting' cash break even for the second half of FY17. IE you will not know if this is true until 2018, although there ought to be some good indications from previous results.

My take on this is that there is no rush to invest given the market cap is still well over $100m.

Of course, targets can be missed (or exceeded) but no rush to invest imho.

CM.

[arf dysg] 28/4/2016 09:56

isaready: "Baydonhill ... financial crime insurance"

That's interesting. Is Earthport covered for other people's crimes, or their own crimes? [should any such hypothetical crimes occur, ha ha]

Here's a more complex one: are they covered for the crimes of a third party, if Earthport has done due diligence and declared that third party to be a jolly good thing, and then BOUGHT that third party? It would be hard to sort out:

1) if the third party is actually part of Earthport, since Earthport now owns it and has a hand in running it;
2) if Earthport's due diligence was inadequate.