Earthport Share Discussion Threads

[isaready] 09/1/2017 22:44

alright for some,, millions of shares.

[chadders] 09/1/2017 20:18

isa,

Issue of Awards under the 2016 Long Term Incentive Plan

Earthport (AIM: EPO.L), the leading cross-border payment network, announces that the following nil-cost share awards under 2016 Long Term Incentive and Retention Plan (the "Plan") to the members of the executive management team (excluding the CEO) were made on 11 May 2016.

The initial purpose of the Plan is to facilitate a series of three awards to key executives. This is the first award of the series. A summary of the terms of each of the three awards is set out below:

i. Tranche one (the current award): up to a maximum total of 5 million ordinary shares of 10p each in the capital of the Company ("Ordinary Shares"), vesting 40% in June 2017 and 60% in June 2018.

ii. Tranche two (planned award date June 2017): up to a maximum total of 5 million Ordinary Shares. The allocation of the award to be subject to share price targets ranging between 45p and 75p over a three month period with vesting on the later of price targets being achieved and December 2018 and December 2019.

iii. Tranche three (planned award date June 2018): up to a maximum total of 5 million Ordinary Shares. The allocation of the award to be subject to share price targets ranging between 75p and 100p over a three month period with vesting on the later of price targets being achieved and December 2019 and December 2020.

Unvested awards lapse on cessation of employment for any reason (or on giving notice, if earlier).

Earthport has allocated the awards under Tranche one to the following executive members:

Executive Member No. of Ordinary
Shares
-------------------- ----------------
Simon Adamiyatt 800,000
-------------------- ----------------
Sajeev Viswanathan 800,000
-------------------- ----------------
Daniel Marovitz 800,000
-------------------- ----------------
Andrew Brown 800,000
-------------------- ----------------
Jonathan Lear 800,000
-------------------- ----------------


For further information, please contact:

Earthport plc 020 7220 9700

Hank Uberoi, Chief Executive Officer

[isaready] 09/1/2017 17:45

silkstag,

Not so tragic after all for this buyer.


SilkStag11 Nov '16 - 16:35 - 12509 of 12585 0 0
Today a holder sold 5.6n shares @21.5p. Other sales eg 4.5m @21.6p. Respect!
Tragic for mug buyers deceived by the improper and unlawful final results rns and annual report.
All imho. Dyor

[isaready] 09/1/2017 17:43

correctomundo

[culford] 09/1/2017 17:07

A leading utility in cross border payments that has been endorsed by the IFC. It has BoAML, HSBC and many other significant customers. It is growing rapidly, with transactions up 90% year to date. Revenues lower as it transitions from service fee income to recurring transaction revenue with 70% gross margins. It has £10m in bank and market cap is less than £125m. If this was private it would be valued at a multiple of this.

In a few years it will have revenues of >£100m and EBITDA of >£40m, at which point it will be valued at >£600m. Break even scheduled for next quarter and I'm not surprised that the market is warming to EPO now. The share price should first recover to >40p and a market cap. of c£200m, before moving higher.

[isaready] 09/1/2017 14:47

I must admit, I didn't think it would be 27p this week. breakout it is, simple as that.

[isaready] 09/1/2017 14:33

based on clients, this could easily be 75p in 18 months. solid clients, solid growth, 400 million for this company is nothing in true value.

[isaready] 09/1/2017 14:02

max 70p? you mean there max gain. so even if share price was £1, they'd get 70p

[chadders] 09/1/2017 13:55

Management incentives for 2017 only kick in at 45p and max at 70p. Maybe a clue there as to how they expect the business to perform.

[isaready] 09/1/2017 13:39

silkstag is very quiet.

[isaready] 09/1/2017 12:41

Looks like we are in breakout mode. News on the ground must be very positive. The trickles of buys mean something and the movement will cement the company is finally turning the corner. Buying at these levels is still a good buy, they have a long way to go.

[isaready] 09/1/2017 11:01

Hi Culford,

Just from a chart perspective and the gaps. I agree with your sentiment.

[culford] 09/1/2017 10:57

isa,
how do you see 34p if this breaks 25p?
not a chartist but it seems that this should at least rise above 40p as company in a much better position now than when it was above 40p a year ago. India and asia opening up, fast growing e-commerce clients, BoAML now implemented etc etc

[isaready] 09/1/2017 08:51

Wow if this break 25p 34p it is, though expecting some kind of pull back. Sentiment is great.

[isaready] 07/1/2017 14:26

Looking at the chart, maybe 21.5/22p. Some good movement and a nice steady rise over months, building up resistance levels.

[isaready] 06/1/2017 15:41

I expect a pull back, possibly to 21p.

[isaready] 06/1/2017 11:39

clearly and only on a few trades. shorters gone, SilkStag probably purchased stock too.

[chadders] 06/1/2017 10:31

A bit of momentum building now, and it's good to see.

[isaready] 06/1/2017 07:23

Thanks. Will take a look again just so I can understand the cash burn from then till this projected 10 mil. Either way, if there was a fund raise, it would not be a big deal for epo, especially where they'll be, unlike SS prediction if the death of epo.

[culford] 05/1/2017 22:42

Yes - £10m was their forecast of lowest cash position at their investor day at end April 2016.

[isaready] 05/1/2017 21:09

Culford, sorry, do you mean, they'd have 10 million left based on their projections.

[isaready] 05/1/2017 21:08

chads, cheers, but yes that's how I see it. If they can become the lowest common denominator in major fund clearing, literally, they will be part of everything. Obviously, that won't happen, but my point is, if they attract clients who are part of the major money movements, they'll get a lot of volume and a lot of revenue. If they are automating the process, thus keeping certain costs down, well, this will mean a super scalable business where costs will not rise as must as revenue, thus and eventual profit and super business model.

[culford] 05/1/2017 14:34

Isa
I think the market is still worried about break even and its balance sheet. It shouldn't. If BoA has decided to embed this company in its payment infrastructure, you can bet your bottom dollar they have done lots of due diligence and know that EPO is rock solid. It has enough cash to get through to breaqk even and keep investing in the network. Company said cash would bottom out at more than £10m in its Investor Day presentation last year. Agree that 40p should be short term target. If this is to be a leading global utility for cross border payments - the value will get to your longer term target.

[isaready] 05/1/2017 13:43

culford, just looked, yes they did.

What we need over the next 18 months is:

Growth in revenue
Cashflow positive on a monthly basis
Solid transaction growth
Sustainable growth in revenue in new and existing clients
Payment Utility in high volume clearing activities

If they can show a small profit, continued growth and also demonstrate they can now build on what they have moving forward, they will be seen as a serious player on many fronts, automating payments in many areas, globally. This is key, acting as a backend party for multiple clients, clearing funds with full transparency. There are many out there doing something similar, same, it's up to earthport to cement the USP and demonstrate the markets they are targeting are for them to improve.

Going after the large corporate clients especially the banks is very key to their growth. It takes a long time for banks to accept something new from a third party, but once they do, they embed them into several other business areas.

Now earthport has removed non-core business volume, something SS complained about, it's taken a while and a hit on the company, but it seems, on the outside, they should be on target to end the year with revenue over 30 million.

Chads, I think you mean the remittance deal in India they got recently. Yes I agree. Target the key outflows ad you've got it made.

It's a bit like the broadband connections. We all need them, we all want to use them. Those who lay the cables down ending up securing the revenue through infrastructure investment. Earthport is similar. If it can show it can be the cables, the pipe of flowing cash and information, from key cash outflows, the opportunity is huge.

If they hit all of the above, maybe, just maybe in 3 years time , if they are making 15 million profit, a large task right now I agree, there is no reason why this cannot be worth 8/900 million, 9 times the current value.

Lets get to 40p first.