Earthport Share Discussion Threads

[isaready] 01/8/2017 16:37

I don't think i will be able to do it until a week or so time. Still, its not going to jump to £2 just yet, so any entry will be a good entry for the next two, three years I'm sure.

[chadders] 01/8/2017 16:32

Excellent isa. You'd better be quick because this is finally going to deliver on all its promise.

[isaready] 01/8/2017 14:16

Hi chads

yep. Looking to get another chunk when I have the funds before 30p onwards.

[chadders] 01/8/2017 14:06

I wouldn't bother engaging with the troll...just watch the chart, it makes more sense.

Still enjoying the ride isa?

[modetrade] 01/8/2017 13:05

Silkstag,

I still don't see your point.

They raised 26m, yes? they still have 11.9 million?

Their cash is 11.9m, which means they become self sufficient recently and did not burn the full 26m cash they raised, which you seem to have said for years they would.

Did you not say Earthport needed to raise more money once they had raised funding of 26 million? Yes or no?

Then I can answer your question.

[silkstag] 01/8/2017 12:57

Key future issue: Do you expect fy18 revenue per transaction to slide 15% (fy17) or 35% (fy16) or other number?

[silkstag] 01/8/2017 12:54

Modetrade, thanks for checking your 3 year cash burn numbers but sadly you bungled them again. You again forgot to include the £9.5m cash epo had at 30 June 2014 which it also burned. You also omitted the other sundry £0.5m raised to pay fees. EPO burned about £24.7m ie £8.2m pa fy14-17. Fact.
You are welcome!
Imho

[modetrade] 01/8/2017 12:29

I agree, but time is on our side now.

No rush, one will hope, once we get confirmation of more volume, more positive trending news, this will go up bit by bit. You want it to be solid not fluffy.

50p in 6 months maybe with a view of confirming projections for this year by then, showing hopefully 50% increase in volumes. We may get 45m revenue and a possible cashflow positive month.

They are keeping things tight and not promising anything, I don;t blame them. keep it tight, focused and see what happens.

[madmonkflin] 01/8/2017 11:44

i reckon 30p isnt far away, every day making squids

[madmonkflin] 01/8/2017 10:11

onwards and upwards

[modetrade] 01/8/2017 10:10

Just topped up a nice chunk. 26p is a steal. Wait till the turn the tap on. Their investment in technology, datacentre proving 99.99 SLA is also significant.

They are ready to ramp up
They are ready for the bank of India

I predict over the next few years they will ramp volumes over 50 million transactions. Epo will be worth 800 million plus £2 a share.

Silkstag will you say its worth 30p by then. Remember every trade buyer pays a different price.

I suspect you've started buying some epo stock.

[modetrade] 01/8/2017 08:30

I doubled checked my numbers and confirm I made a mistake, it's not 19m, it's 16.4 m if they had the 5 million.

So they burned 24m as you said Silkstag, yet their actual cash went down from 26m to 16.4. This means they spent 3m a year plus I guess you can add, the other 14m was supported by the business operations.

So you can look at it anyway you want, facts are they spent 10m of their cash reserves, you predicted they would run out. You were wrong, yet you can't even admit it.

Do you think India is significant? They say it is.

[modetrade] 01/8/2017 07:21

Silkstag,

You are funny.

Let's look at it this way.

Between 2014 to this year you trolled a view that the 26 million cash would run out and epo would need to do a disaster fund round. Your view suggested epo would not grow their business quick enough. So why were you wrong?

Secondly, the cash they raised, the reserves were 26m, they used some of it. Now, as mentioned by epodeva, it's gone up, do you think that's significant and what do you think epos cash position will be like if they process 20 million transactions?

Finally, why were you so wrong.

[epo4eva] 31/7/2017 19:32

Silkstag - Thank you for letting us know about the cash burn. Have you noticed the cash has gone up £500,000 in the last 6 months?

[silkstag] 31/7/2017 17:20

epo cash burned fy14-17 was about £24.7m. Fact.
average about £8.2m pa cash burned. Fact.

modetrade post that it was £2.3m pa was false. Fact. it was fraudulent misrepresentation. Opinion. Relies on modetrade false post being knowing or reckless.

modetrade dirty and/or bungling was outed and busted. it troll serial ranted in rage. it should have apologised to the bb and retracted the false post. far too small a person for that.
modetrade is a burnt balls dwarf troll.
true dat.
all imho

[jailbird] 31/7/2017 15:33

Can I addThe cash raised were used to fund geographic expansion through infrastructure investment.This was in 2014. That was 3 years ago.This investment over the next 6-12 months , will now pay back with interest .

[silkstag] 31/7/2017 14:15

the (15-35%) slide in price per transaction rips their legs away every year.
core is further from breakeven than fy10.
fx tilted the cashflow in fy17. one good year but so what. blundered £5m fy16. low valuation on fx.
likely collected debts but dragged out creditors until after fy17 year end. illusion of better cashflow. just fiddled year end.
price slide trumps anything from earthtanic's fake news cannon.
all imho