Earthport Share Discussion Threads

[isaready] 30/7/2017 20:10

50 million at 2$ will be just fine.

[epo4eva] 30/7/2017 14:31

*Significant Market Opportunity*

""We have an addressable target market of Approximately $2 trillion dollars."" ""We are ideally positioned to address the challenges and needs of our addressable market.""

Investor day 2016 page 11 hxxps://www.earthport.com/investor_day_2016/

Even with the last fantastic update increase from 6 million to 11 million transactions and $17 billion dollars shifted we are only are only currently doing less than 1% of this market. Our current growth rate is excellent. The slight fall in transaction fees will be insignificant. Ask yourself this would your rather have 1 million transactions at around $4 each or 11 million transactions and rising fast at $2.68 with 68% profit?

[isaready] 30/7/2017 09:22

They said a long while back I'm sure they would hit being cash flow positive at some point during the year on a monthly basis.

It's possible though, that's not happened every month, hence no mention.

Point though, a big boost in revenue with continued investment will see them make lots.

[madmonkflin] 29/7/2017 16:00

Nobody realised we were cash positive in h2. No news on the 5m they've mentioned every other time. Other than that should be up there in no time.

[nimrod22] 29/7/2017 11:53

Can't see why the share price is not back where it was in March around the 30p mark considering the good update; or even back in the 40's as in slightly earlier times. Will see what next week brings.

[isaready] 28/7/2017 12:41

SilkStag, but but but, its the same old tripe my dear lady friend. What a bore you are.

Does what you post affect their current performance? No?

Does your view suggest you think the world should agree with you? YES?

Does the world care? NO.

wow 14p I am so pleased. Personally who cares SS. In the meantime while you preach in the corner of bull, the world move son and no one is listening to you, errm how long is it, 5 years of saying the company will fail, they will raise cash.

i see you have given up on the fund raise giggle giggle.

[silkstag] 28/7/2017 12:33

EPO trend data alerts trouble.

1) Average revenue per transaction (price slide):
FY15 £4.78
FY16 £3.12 [down 35%]
FY17 £2.64 [down 15%]
FY18 £2.x? [down ??%]. This could slaughter FY18.

2) FY17 transactions grew 67% but turnover only grew 33%. If FY18 price slide is another 15%, need 37% extra transactions not to widen loss. Price slide + cost of sales on extra transactions + extra central-London-hubris admin costs on extra transactions = Triple Travellator Trouble.

3) EPO core transaction business appears £5.1m further from breakeven in FY17 than FY10. Holders diluted x5.6.

4) Global Head of FX was in EPO Top7 management team, photo and CV in FY16 report and accounts, resigned April 2017, EPO covered it up. That is dirty.

5) EPO is worth 14p now [3p for FX, £18m = £12m T/O x1.5. 9p for Core, £54m = £18m T/O x3. 2p for cash bits. Assumed 600m fully diluted shares].

All imho. DYOR.

[isaready] 28/7/2017 11:07

I got a question.

If earthport make a profit of say 10 million what will it be worth with its growth potential.


We will all now need to see what their forecasts are for next year. Are there some?

SilkStag may harp about lies, but she has harped lies all day long.

[modetrade] 28/7/2017 10:59

SilkStag,

Listen, reality can be hard to accept when you are bitter. For whatever the reasons are, let go. No one is perfect, you're not, humans are not. Look at the world, its not in a great place.

We all live different, we all run businesses differently. Just because you differ, that does not make it wrong. I believe there is no right or wrong.

Year after year, this company has been on the floor, kicked and when it tried to pick itself up, there appears to have been many factors trashing the companies potential.

Hank, though it may have taken 7 years and dilution, so what? they are moving up, going places and cementing their business model. Will it be perfect, no, is life perfect, no.


So I stand here and say this to you SILKSTAG.

Time to let go, time to stop being bitter and time to wake up in the mornings and think positive. Its life. No one owes you anything, life owes us nothing but the air we breathe. That's it.

Good luck with it all, but time you faced up to some facts.

Don't post repeating posts about "How it WAS" we are in "how it is" phase now. You are serially depressed. the brain does it to you when you think about the same thing time and time again. The neurons find the shortest path, if your case, the constant negative thought.

Snap out of it, you still have time to live a free life.

In the meantime, EPO is looking positive and back to where it should be.

[isaready] 28/7/2017 10:32

epo4eva - your illustration on 50 million profit sounds good, but, surely it would not cost £110m to run the company.


If they did 40m transactions at £2 a pop that's 40 million, so surely profit may be around 10/15 million.

If they hit these targets, the company will finally become a huge cashcow and grow 10 fold.

[isaready] 28/7/2017 10:30

In the meantime EPO moves on while SS bickers and complains she is wrong as ever. God, being her partner as you'd not want to marry her, it's clear what a lonely person she is. Pain in the backside, picky and nasty.

SS good luck with life.

[epo4eva] 27/7/2017 18:57

Silkstag - your quote ""If the average revenue per transaction ceased to slide in FY18; and the admin costs stay at about £25m (as reported for FY17); and that is true after adding back capitalised costs; then EPO could get closer to breakeven in FY18.""

Your getting a little positive now.

The reduced fee per transaction is all in the targets.

Now we could at break even, the 68% profit is very relevant. Any future revenue is 68% profit. Running costs are paid for in the first 11 million transactions as that is break even. The way growth is going we could / should be heading for up to 20 million transactions then 40 million, then 80 million. It is all scale-able. If fees come down to say £2 per transaction (50% gross profit) then turnover would be £160 million.
This could give us £50 million profit after costs.

[silkstag] 27/7/2017 17:58

If in FY17 HU chose to capitalise £2m admin costs, would that count as costs going down (the £300k reported reduction)? I say 'no'!
If the average revenue per transaction ceased to slide in FY18; and the admin costs stay at about £25m (as reported for FY17); and that is true after adding back capitalised costs; then EPO could get closer to breakeven in FY18.
But we all expect the price slide to continue in FY18. If it is 15% then EPO needs about 37% more transactions just to not get further from breakeven.
FY17 saw 67% more transactions, which only lifted turnover 33%.
EPO is like a wheezy wimp running up a steep fast travellator, face-planting every year.
EPO keeps low-balling in desperation to win loss-making business to pretend it is making progress. Yes it can win tendered contracts by low-balling, but it doesn't get closer to breakeven with the ever-increasing speed of the travellator ripping its feet from under it.
imho.

[epo4eva] 27/7/2017 17:37

Silkstag - Now costs have reduced on growing revenue.

The past was when the company was investing for the future.
The past has gone.

As I said - Now costs have reduced on growing revenue.

[silkstag] 27/7/2017 17:10

Yummy data epo4eva, thank you. Lets progress the analysis.
1) Start of FY10 had 87m issued shares. End of FY17 was 490m. So x5.6 dilution.
2) In 7 years Turnover rose £28.4m. Gross profit on that extra was £19.3m.
3) In 7 years admin costs rose £19.6m, add £2m HU capitalised admin costs, is £21.6m (like-with-like).
4) So EPO is £2.3m further away from breakeven in FY17 than it was 7 years ago in FY10 when Uberoi took over.
5) And holders have been diluted x5.6.
6) And it is only as low as £2.3m further away as it bought Baydonhill which is now reducing the losses, so the core transaction business is about £5.1m further from breakeven in 7 years.
7) Turnover progress has been outstripped by profligate admin costs growth, and share dilution mushroomed by excessive losses.
8) Revenue per transaction sliding from FY15-FY17 and expected to continue in FY18, dooms EPO core business to get no closer to breakeven (or move further away) going forward.
9) 31 March 2011 “the Board and management currently expect to achieve a cash flow positive run rate during the 2011/12 financial year”. Same false dawn forecast 7 years in row. In truth EPO is further from breakeven in FY17 than FY10.
10) Failed turnaround.
All imho. dyor.

[isaready] 27/7/2017 16:54

epo4eva - correct

[epo4eva] 27/7/2017 16:25

Silkstag - Costs also fell £300,000 for the first time this year with £8m increase in revenue.

[epo4eva] 27/7/2017 16:17

Silkstag -

In 7 years costs rose x4.5.

Revenue Rose x15.
FY 10 - £1.9m
FY 11 - £2.5m
FY 12 - £3.0m
FY 13 - £4.1m
FY 14 - £10.8m
FY 15 - £19.3m
FY 16 - £22.8m
FY 17 - £30.3m

[modetrade] 27/7/2017 14:42

SilkStag,

Why do you post information which is already in the public domain. If we wanted a parrot we'd ask for one. Seriously, its no value if that's all you do. revert to public information and revert to history for the last 7 years.

Deal with it. Times move on, times move forward.

Clearly, you don't have much to add from a negative , which is saying something.

What is the big deal with someone leaves a company? If you left, so what.

Clearly you want to slander this company.