Earthport Share Discussion Threads

[silkstag] 04/4/2016 10:28

SS posted that the -£0.5m FY16 loss expectation was a sinking Earthtanic management lie.
SS posted that the -£6.5m FY16 downgrade was still a management lie and that H1 FY16 would be -£5.5m alone; so full year loss -£10m or worse.
SS posted in 2014, 15 and 16 that management serially breached AIM rules by failing to correct knowingly falsely inflated market expectations.
SS posted that Earthtanic was a MANDATORY SELL at 45p or anywhere near and passengers should bail into lifeboats before it sinks back to 2010 10p turnaround price.
SS posted expect FY16 loss at -£18m.
SS posted expect PG to resign having been serially deceived by Earthtanic management.

The truth:
EPO downgraded FY15 from £0.5m profit to -£2.2m loss to -£4.2m loss to -£8.7m loss.
EPO downgraded FY16 from -£0.5m loss to -£6.5m loss to -£11.5m loss to abandoned expectation on 21 March.
EPO reported H1 FY16 loss before tax at -£5.6m and operating loss -£6.7m.
In about six months EPO share price sank from 45p to 16.5p with heavy seller overhang remaining and still no FY16 forecast or target price issued by PG 2 weeks later.

The honest conclusion:
It seems that this SS 'oracle' keeps anticipating the truth.
SS is filling the integrity void left by crooked Earthtanic management.
SS has serially corrected for the benefit of this BB the falsely inflated market expectations set and left by crooked EPO management in breach of AIM rules.

Only a crook or moron would be cross with SS for these gifts of analysis insight and integrity.

DYOR especially if you are an ungrateful git or crook.
All im(not very as have been bang on)ho.

[arf dysg] 04/4/2016 09:15

chadders, I'm not sure what you're saying - could it be that now is the perfect time to buy?

[chadders] 01/4/2016 15:56

LOL made my day CM cheers

[cheshiremoggie] 01/4/2016 14:20

This board still ranks no 1 for entertainment.

SS please make yourself clear - are you a bull or a bear on this share?

The next results should be very interesting.

CM.

[chadders] 01/4/2016 11:38

Non exec director buys 500,000 shares. Perfect time to buy maybe

[silkstag] 01/4/2016 09:03

Heavy seller overhang @17p again this morning. 16.5p won't last long and then it will be gone. The fy16 -£18m loss ie massive downgrade required on 21 March from massive downgrade in Feb (fy16 loss from -£0.5m to -£6.5m) was worth more than the 1.5p fall so a 30% fall to 12.5p is right on that dire news alone.

The business model and 2010 turnaround team have both failed. X6 issued shares in 6 years and another disaster funding round now needed before October 2016. PG either will resign in disgust or admit the above massive fy16 downgrade. Will crush confidence again and shake out massive sellers at whatever price they can get.
Earthtanic is clearly sinking. Arogant stupid dirty crew are only doing more harm.
MANDATORY SELL
all imho

[chadders] 31/3/2016 10:26

Non exec director buys 500,000 shares. Perfect time to buy maybe.

[silkstag] 31/3/2016 09:11

Again 350k visible overhang iceberg sellers @17p unfilled at the price the non-exec bought. The market rightly disagrees with chadders third identical post. On 21 March PG abandoned price target and forecasts and if they don't issue soon they may be giving their institutional clients a month to sell out before resigning as broker and nomad. If so the seller overhang could be 150,000,000 shares. Disaster funding round target 7p in August 2016.
MANDATORY SELL
all imho.

[chadders] 30/3/2016 19:36

Non exec director buys 500,000 shares. Perfect time to buy maybe.

[chadders] 30/3/2016 16:27

Davidosh, a non exec share purchase is only an indicator as you suggest.

Courant, thanks for the informative post. We have the same investment view on this. It may not be the bottom but I'll keep investing as I believe it'll come good.

[courant] 30/3/2016 15:13

Don't think you can really go on NED share purchases - of course, no one likes to lose £85k but the predictive value of such purchases is poor IME.

The real issue with EPO is that it's the kind of company/business that would normally be VC funded at this stage in their development. They're loss-making, sure, and the business they're going after requires investment and time to get traction. But they have a substantive business (I've used their product via one of their foreign exchange clients) and one, which if they can properly crack it, has a very large market indeed, all at high gross profit margins due to the near monopoly that business would have. The challenge I think that most private investors have with EPO is that business success at this stage isn't about profits, it's about transaction volume they're doing - their market has strong network effects (if you're running a payments processing system, you need a large number of participants to attract more customers, and there is a feedback loop - there's a reason why there is no serious competitor to ebay, for example!) and they will only be successful and profitable if they can gain critical mass (almost to the exclusion of short term profits, assuming they can stay well financed enough). High risk, but an interesting enough situation to warrant a small investment here for me. I'll keep averaging down as long as I think the business has legs; sentiment, for sure, is very poor and this represents a bit of a safety factor in the valuation. I note too that e.g. Ruffer has quite a holding here, and they have a good track record with higher risk/mis-valued smaller companies.

[davidosh] 30/3/2016 14:56

chadders....the RNS states

Earthport plc (AIM: EPO.L) today announces that John B. McCoy (Non-Executive Director) bought in the open market 500,000 ordinary shares of 10 pence each in the capital of the company on Thursday, 24(th) March 2016.

Following this, Mr McCoy's aggregate interest in Earthport totals to 1,050,000 ordinary shares, representing 0.22 per cent. of the issued share capital of the Company.


It should state the price he paid but it does not so we can assume about 17p. If he bought the other 550,000 at 35p should we assume that was also a good time to buy as he paid more and bought an extra 10% ??

I do not know anything and I am certainly not a shareholder or wish to buy. There have been hundreds of millions of shares printed over the last 15 years and so there will be thousands of investors who have bought stock at some point. The dilution has been horrendous and still there are no profits to show for it.

[chadders] 30/3/2016 13:36

Non exec director buys 500,000 shares. Perfect time to buy maybe.

[silkstag] 30/3/2016 10:06

chadders is serially posting that because a very wealthy new non-exec bought (I assume he is now at 3m shares = £500k) you should buy just before the 5 overhang items of filthy news [post 12075] crush the price down another 10p to 7p. Tempted to join the mugs buying-out savvy sellers before the disaster funding round? No, I though not! All imho

[chadders] 30/3/2016 08:45

Non exec buys 500000 shares. Perfect time to buy maybe.

[silkstag] 30/3/2016 08:34

From EPO interims "the Company is focusing in fostering relationships with clients in Saudi Arabia and the UAE, as well as the Israel". Pity the board and Nomad don't read RNSs before issue! No mention of inadequacy of funding. Let's see if PG resign before issuing a (twice downgraded) forecast. DYOR, and then SELL. Imho.

[chadders] 29/3/2016 17:59

Non exec buys 500,000 shares. Perfect time to buy maybe.

[goggin] 23/3/2016 20:27

Cograts to you SS, you were right - I was wrong- Mabey its true - a lepoard never changes its spots - there might be life left here but it could take a long time to resurrect this one

[silkstag] 22/3/2016 16:40

At close Tuesday 246k unfilled sell orders @16.5p so expect slide to continue imho

[silkstag] 21/3/2016 16:44

At close Monday 21st 349k sellers unfilled @17p. More sellers will join as they digest the filthy interim results and PG issue another massive loss downgrade in the next few days. Imho