Earthport Share Discussion Threads

[makercreator] 29/9/2016 09:36

SilkStag,

Forgive me, you seem to be talking to yourself.

Reading your posts, rightly or wrongly, it does seem you have an element of anger and bitterness? Have you had dealings with the company in the past. The emotion shines through in a negative way. It's perfectly acceptable to share views, as a bull or bear, but yours seems very very vindictive.

Why are you like that, what rattled your cage as it seems you have been going on for years now. No normal person would do that unless they have taken it personally. Since it is personally, your views are a slight tainted and one sided.

3 consecutive posts resemble pure repetitive bitterness. Why?


Lets look at your posts.

- Post 12364 : You suggest the price will crash. Maybe but it's pure speculation would you not agree?

- Post 12365 :

Forcast was 30m and profit 7.5m. Note the word was. Now, unless you've decided to suffer from dementia, this change in strategy, growth is already in the public domain and priced in the share price already. Hence the fall from 46p to 11p. This is already in the public domain, why suggest it's something new.

You state 5 downgrades, yes that's possibly true, but it's in the public domain and priced into the share price from 46p to 11p. So why repeat the news already in the public domain.

You state the 6th downgrade, this is pure speculation. Lets see what they say, but to imply they have had a poor year on growing revenue, growing client base and are making money , increasing turnover is pure conjecture. It's pure speculation, once again. You think the share price will fall, I believe it's priced in already.

You state there will be a fund raising exercise. Did you not state this in the summer? What happened. Then you said 11p. Now you say 4p. What evidence do you have there would be a 10 4 1 consolidation. The company is not broke and has a range of clients. Again, pure speculation.


So all in all you are speculating the company will crash and burn in 5-10 months time and during this time, 5-10 months time that is, they will do a disaster fund raising exercise at 4p and consolidate the shares.? I just want to clarify what you are saying. From Oct 16 to July 17 is when this will all happen. If so, do confirm. Sorry for checking on this since your posts are a tad repetitive, a tad lonely and bitter. I can't see anyone chatting to you, must be the perfume you are wearing.

We can then sit and see what happens as it's clear a while back, you did say did you not they would crash to 11p and raise funds at 11p around now. It seems no, you have changed the goal posts and added another 10 months.

Do confirm.

[silkstag] 29/9/2016 09:25

Last year on 22 Sept 15 EPO issued RNS notice they would release final results on 29 Sept 2015 and duly RNS the numbers with false bullish commentary at 702am on 29 Sept.
Management are a week or more late as no RNS on notice of results yet.
Maybe struggling to mislead auditors into signing off it is a going concern due to massive hike in losses and sliding cash.
SS expects only £12m cash left at 30 September 16. EPO is throwing in the bin about £1m cash oer month so nit clear auditors shoukd risk getting sued for disaster funding round at 4p in 5-10 months.
4p share price here we come
10 for 1 share consolidation ie worse than the 6 for 1 consolidation in 2005 when an earlier management team's wheels came off.
All imho. dyor

[silkstag] 28/9/2016 15:54

Fy16 forecast £7.5m profit on £30m turnover, being strong growth from FY15 £19.3m turnover.

FY16 market now expects -£15.5m reported loss on £23m turnover (after about 5 too late downgrades).

FY16 SS expects -£18m reported loss (or worse) on £22m turnover (or less).

So SS expects a 6th downgrade 3 months after year end, from -£15.5m to -£18m and a turnover downgrade from £23m to £22m or less.

FY16, like each of FY11 to FY15, has been a disaster of epic proportions. Will management admit that x2 the worse loss in EPO history was a bad year? No, they will say how great are prospects.

MANDATORY SELL before £20m funding at valuation of £20m pre-money crashes price to 4p on 1 billion shares post funding - which will include a 1 for 10 consolidation. Valued at x2 post funded turnover, which will decline as loss-making contracts are abandoned by new management in a year or two. So valued at x3 ongoing turnover, which is plenty for the lurching stricken Earthtanic.
All imho. DYOR.

[silkstag] 27/9/2016 10:00

Non-RNS trying to puff up price before price crash from dire results. Same as signing the US regional banks EPO trumpeted, not much international transfers. Nothing to dent about x2 the previous worst loss in EPI history and almost stalked turnover growth and rocketing profligate costs.
Accounts were signed 28 Sept last year so results will be whenever management wish to admit them. Maybe delay for a few more hollow non-RNSs?
DOOMED. all imho. Dyor.

[davidosh] 26/9/2016 13:06

When are the results out ?

[chadders] 26/9/2016 10:05

Very, very strange......

[silkstag] 26/9/2016 09:11

Judgment day is near and shareholders are going to hell.
When raising funds management forecast FY16 turnover growth to £30m with £7.5m profit.
Multiple disasters and apparently dishonestly late downgrades later and the market now expects £23m turnover and -£15m loss.
SS expects £22m turnover (maybe less) and -£18m loss (maybe worse).
FY15 reported £19.3m turnover and -£8.7m loss.
Turnover growth is vastly beluw forecast and costs are wildly out of control. Disaster funding rounds are in plain view.

There are enough spikes in AiM hell so that every EPO holder has one to swivel on.
But when you read the RNS with numbers telling you about hell, I am sure the CEO's words will say you are going to heaven so stay on the path with him.

Maybe you deserve this? Some of you do. But I feel sad for decent AiM investors pushed into this by apparently crookedly inflated forecasts and who have no idea what these peopke are like. They have not had the gift of SS (guardian angel) analysis!

DYOR and if you evil hold then at least bring some lube for your spike ie be ready to sell at 8am on results day). All imho

[silkstag] 14/9/2016 18:46

The recent low of 12.5p in July will soon be revisited and crashed through with worst ever loss in results (almost x2 previous worst ever) end Septemver imho.dyor

[isaready] 12/9/2016 10:45

Silkstag are you invested in any other stock?

[silkstag] 12/9/2016 09:34

Bad news travels slowly. Horrific news even slower. Imho

[davidosh] 09/9/2016 11:41

When are the results out ?

For a company dealing in highly regulated financial transactions and hopefully having good records I would expect them to have unaudited interims out within two months of the June half year end !

They always seem to report later than 90% of companies....Why ?

[silkstag] 09/9/2016 10:57

Is this an attempted pump of price by holders ahead of a diasater funding round to dupe new investors?
Results to 30 June 16 will be a horror (expect double record worst loss in EPO vile hustory) so expect price slunp or crash. Assume prelims in 3-4 weeks. Be afraid holders ... be very afraid.
EPO's cash-gorging troll slipped its leash and went berserk in the cash pile.
All imho. Dyor.

[isaready] 08/9/2016 15:58

Chadders, I agree with all your points.


I like the fact, the have good solid revenue from existing customers. I am not sure how much existing revenue increased from lst year, missed that bit, but its all good. I was hoping new revenue from new customers was a bit more, however like you say, if they hit 25 million, that's still good.

It does look like, though they say margins are 74%, the grown in the revenue seems smaller when compared to the number of transactions.

[chadders] 08/9/2016 15:31

isaready, it's always swings and roundabouts. My best performers recently have been SPE, PROX and CRX and VENN (not counting EPO at the moment). Worst have been VLS, PCGE, CNS and LPA although still increasing my positions in all my strugglers.

Re the trading update, what's not to like? Cash generative, plenty of cash, increasing uptake, upselling with key clients, expanding the network, high margins, unique position, an experienced (if somewhat over-enthusiastic at times) leadership, record level of transactions in June. I'm expecting FY revenue to be closer to £25 million than £23 million. It all makes for interesting reading here...



I also believe Brexit is a plus for this company as we deal on a more fragmented basis with other economies moving forward.

[isaready] 08/9/2016 13:37

Chadders,there were, are plenty of stocks you could have made 50% on post brexit. Hope you did.

ALD, SHAW, VIRGIN AND LOADS OF OTHERS.

[chadders] 08/9/2016 11:23

Unfortunately not, but I never stopped believing the company has something special in its technology but sometimes you have to accept momentum and sentiment are against you and take a breather.

The analyst briefing was validated by the last trading update and I reckon Uberoi and the management team now fully understand the damage that the past tendency to over promise and under deliver can cause.

I reckon it was oversold though and there is much more to come methinks.

[isaready] 08/9/2016 10:18

Ah I thought you got out with no hit

[chadders] 08/9/2016 09:28

Isaready, no bought in big at the end of last year at around 28 to 30p. Sold lots after the Baydon Hill surprise and took a big hit. Started back in at 18p and have been building a position. Average 16.3p now and have more than twice my number of original shares.

Management incentives start in 2017 at north of 40p (from memory) which is a key driver for me. Nothing drives the financial sector more than personal incentives in my view.

[isaready] 08/9/2016 09:07

hmm, I see they pushed up, its positive but nothng major. Looks like there were some chunky trades, but again nothing major. Maybe its just due a bounce back to 25p.

[isaready] 07/9/2016 21:46

who knows Chadders, but it hit the 11p low and has gradually formed an uptrend since them. I guess this is why SS is quiet. She hit her 11p target, fair enough, but its on the up now. I am sure SS has also purchased. I thought you sold out Chadders at 40p, I guess you got back in , when?


Needs to break out above 18p, if it does, then 25 is on the cards.

[stopaloss] 07/9/2016 18:04

I agree i think I'll be topping up too. Been very patient with this one it's about time.....