Earthport Share Discussion Threads

[si5721] 07/9/2016 17:25

I think I'll be topping up tomorrow. This looks like it may take off IMO

[chadders] 07/9/2016 16:47

I reckon you're right isaready. Not sure why it has suddenly kicked in although volume has been increasing over the last few days, which prompted me to top up a couple of times. The trading update suggested much better things to come so maybe news of continued improved performance is leaking out.

Finally back in profit and expecting much better things to come.

[isaready] 07/9/2016 14:39

looks like on breakout

[isaready] 25/8/2016 14:04

classic , silk stag girlie, all pants or nickers

[isaready] 18/8/2016 19:26

Maybe SilkSlag, maybe you know it all. Maybe and maybe , yes maybe you are wrong, maybe you are right. All guesswork I agree. Hmmmm

[silkstag] 17/8/2016 17:57

Management say they target cash flow breakeven in the second half of the year. Is this code for 'We are fundraising with the same old lies'?

When Oppenheimer invested at 40p in September 2014, management induced similar market expectations: "Earthport is now at the inflection point in profit terms with FY15 seeing the business turning cash positive with free cash flow of £1.8m. For FY16 we project revenues of £30m and free cash of £8.8m".

Management: FY15 +£1.8m, FY16 +£8.8m. +£10.6m cash FY15/FY16.
Ugly truth: FY15 -£5.9m, FY16 -£15.3m. -£21.2m cash FY15/FY16.
Lie size : FY15 -£7.7m, FY16 -£24.1m. -£31.8m cash FY15/FY16.

Maybe they did not lie? Perhaps in 2010 the CEO secretly adopted a pet cash-gorging troll? As with FY11, FY12, FY13 and FY14 the troll again slipped its leash in FY15 and FY16, and devoured a further £32m? If so, no blame could attach to management or NXDs as it is hard to control a cash-gorging troll!

Or is the CEO the secret cash-gorging troll? If so, maybe the NXDs or large shareholders should let him off his leash outside Earthport?

All imho. DYOR.

[homerdude] 17/8/2016 08:48

Looks like plonker is quiet

[isaready] 16/8/2016 15:17

Looks like a good time to invest now. Uptrend started.

[homerdude] 16/8/2016 09:45

Silkstag,You clearly ignore two types of cash burn. Why is that?One, cash used to stay afloat?Two, cash used to invest in the business.Now, plonker, considering Epo is using the cash to invest, not to stay afloat , that's great.Don't bend the truth to peddle your tripe.

[silkstag] 16/8/2016 09:34

Cash 1 January 2016 was £24.15m so super dooper six months to 30 June 16. High quality feasting by the cash troll. All Imho

[silkstag] 16/8/2016 09:24

Late news dire as usual. On 27 April 16 EPO said 30 June 16 cash would be £16m+/-£1m. Admitted today actual cash at 30 June was only £14.4m.
£1.6m cash lost in sofa cushions or a midnight feast by management's pet cash-gorging troll?
Covered up that FY16 loss is about -£18m (ie interim 6.6×2 + blunder 5). No mention of FY16 loss. Thanks for the transparency!
By accounts in Oct/Nov EPO will not have 12 month cash so not solvent so disaster funding round required now. Which turbomugs will pay anywhere near 13p?
STRONG SELL
ALL imho. Dyor.

[silkstag] 09/8/2016 13:52

Last year's trading update was 22 July 2015 so 18 days late and counting. EPO is overdue admitting 30 June 2016 cash if its end April alert of £16m +/-1m was false. Would be yet another AiM rule breach if below range as likely not solvent at audit date for 12 months. Also overdue if 2016 revenue is materially less than expected £23m.
Late usually means dire.
30 June 15 had over £30m cash but EPO profligate bunglers likely have thrown over £15m i.e. 50% in bin in one year. Would force disaster funding round before account sign-off in October hence their cover up and delay.
STRONG SELL BEFORE LATE DIRE RNS AND DISASTER FUNDING
all imho. Dyor

[caradog] 04/8/2016 10:48

There is no longer a requirement for companies to issue an interim management statement, so your wait may be in vain.

I note that Earthport describes itself as providing "access to a global network of banking partners, through which payments are settled directly via local clearing to beneficiaries in over 60 countries".

This figure has not changed since the announcement of an agreement with Bank of America in December 2013. Considering there are 51 countries in Europe, and 197 worldwide, do we infer that EPO is not extending its global reach in any material way?

[silkstag] 04/8/2016 09:59

Rns Reach marketing announcement today so not material by definition. But this looks very desperate. Trading update is late and they put out this apparent nothingness instead? They should have aggregated this and anything like it into the late trading update.
Hands up who thinks the trafing update will either clumsily cover up disasters or admit some of them?
SELL FOR LATE ABD DIRE UPDATE!
All imho. DYOR

[silkstag] 25/7/2016 15:26

The placings serially saved EPO from administration. Blame management for falsely inflated forecasts, profligacy and gross inompetence.
More placings needed to avoid administration in spring 2017. Will not be a going concern when audit is completed in October 2016 so first rescue placing is imminent. 1 for 7 share consolidation is also on the cards (like in 2005).
Management dirty and thunderous losses cause the serial dilution. Can't blame the duped investors who give them the cash at inflated valuations. They are victims not perpetrators.
Need honest and competent management so a mass sacking I guess. Not sure any large shareholder with the steel and insight to act. But respect if someone steps up. Otherwise the slide toward administration or 3p rescue will continue.
Bonkers to hold this with -£20m (concealed fy16) loss and (concealed) disaster round and (blatant) dire management all a source of trouble.
All imho. Dyor

[davidosh] 23/7/2016 13:25

I am certainly not a shareholder here but when you look at the key information over a 16 year period of being listed the facts are absolutely awful for shareholders...

Look at the number and amounts of placings, equity in lieu of fees, options granted, loan warrants etc all creating massive dilution.

How much cash has been invested into EPO over the 16 years and what is the value that remains ?

Will it ever get to profitability and if it does how many hundreds of millions of shares will be entitled to a miniscule share of those profits ?

In summary the opportunity cost of leaving money here compared to other investments has been great and the only ones steadily making money have been the brokers, advisers and of course the directors.

[gogetter3] 22/7/2016 16:19

Oh dear, oh dear, oh dear!!!

This is the first time I have looked on this site in months. I invested around £25,000 in the DOT com era and saw it fall and diluted every year whilst
managing to get suckers to cough up funds on a regular basis on CR's.
My shares are now worth around £75 - enough to fill the car up with diesel!
They have not come anywhere near to making a profit yet the losses were in millions every year.
Can someone explain to me how these crooked winkers have survived - they must surely have run out of cellotape.

Has anyone written a book about them titled "How to attract funding when you are insolvent" It would be a best seller.
I was going to say more but I am falling asleep with boredom so I will say cheerio all and best of luck

[silkstag] 21/7/2016 10:40

VV, thanks but I filtered the mutual nut lickers due to lack of any valuable content. The 4 sensible execs have resigned, squeaking down the Earthtanic gang plank. Imho

[silkstag] 21/7/2016 10:33

Arf, holders should lunch in a vomitorium when EPO's imminent trading update either admits a -£20m loss, or crookedly covers up the loss in breach of AIM rules.

So FY16 loss will likely be a grand canion £27.5m below the apparently fraudulent £7.5m profit forecasts that conned Oppenheimer into investing @40p in Sept 14.

FY15 fell a cheddar gorge £9.2m below the £0 5m profit in the fundraising forecasts and it would be a spectacle, even for apparently serially crooked EPO management, to have fallen short by about x3 worse rhan FY15 in FY16.

If FY16 loss crashes in at about -£27.5m below those forecasts, then EPO management should get a special 'Most crooked management in our portfolio' plaque from Oppenheimer. They will have earned it! Or Oppenheimer will need to explain to their own investors why not?
All Imho. Dyor.

[veritas vincit] 21/7/2016 10:33

"Per say" Doesn't that just prove how stupid these board members of EPO really are?. Yes, you've heard the phrase, but, you're so thick you don't have a clue how to write it down.

Sending each other messages on here and defending their fellow director's posts. What a bunch of babies. You losers!

Silk Stag, I note they never refute any of the salient points you make regarding the share price? You didn't drive the share price down to 13p Silk Stag. The board of directors at EPO have.

However, the most worrying thing is, they think they're doing a good job.

[isaready] 20/7/2016 14:40

per ce Arf I know, but I like to write how I say it

[arf dysg] 20/7/2016 12:18

isaready (12316): Chadders, I don't think he's saying SS is right per say


As it happens, it's pronounced "per say", but written "per se" because it's from Latin, as are many English phrases ("vice versa", "et cetera", "quid pro quo", "per se" and so on)

People mostly abbreviate "et cetera" by writing it "etc."




Here's an animal we know of with a Latin name: Boa Constrictor.

Here's a plant we know of with a Latin name: Aloe Vera.