Earthport Share Discussion Threads

[madmonkflin] 04/8/2017 13:59

Like Uberoi said the banks have hardly turned any volume over to them yet, they're still testing the waters. Anyone of them pushing whole volume through earthport will be company maker.

[cheshiremoggie] 04/8/2017 13:10

Unfortunately the very first line turned out to be completely wrong.

"In 2012 ... Hank Uberoi said Earthport could grow at "TRIPLE DIGIT PERCENTAGES YEAR ON YEAR"

5 years later there are signs of decent growth and profitability should be within sight but does anyone think we will get 100% growth this year or any other?

CM.

[isaready] 04/8/2017 09:49

great news, great progress and great steps to being a super credible company.

[chadders] 04/8/2017 09:34

So much for old technology.....FSTech 2017 awards.....

Earthport, the leading payment network for cross-border payments, has won the ‘Payment Innovation of the Year’ at the 17th annual FStech Awards, which celebrate excellence and innovation in the UK and EMEA financial services sector.

The award was won as a result of Earthport’s ground-breaking collaboration with the UK division of a leading global bank and a fintech partner, which enabled the bank to develop a distributed ledger technology (DLT)-enabled payments app through which users can make low-value cross-border payments.

This was a first for a UK bank and an important milestone in the application of this nascent technology. It also demonstrated what can be achieved when banks and fintechs work together to innovate for the benefit of customers.

[chadders] 03/8/2017 23:52

Good to see another up day.

[isaready] 03/8/2017 22:33

There is no point looking back to 2003. It's had many leaders,any directions. What hank has done now with the team is different. They have earned and processed more revenue than at any other point in their history. It's going places, finally, so if you need to average down, do so it's time.

[isaready] 03/8/2017 22:30

Goggin, I know what you're saying. I'm sure the legal case is still open but by leaving it to one side, it's important to move forward for the time being. No point repeating it until further news comes.

They obviously know who did it. The question more relates to forensics on the transactions. That's the problem with banks, it's gets lot in the supply chain.

[nimrod22] 03/8/2017 21:32

What was happening with the large sell vs buy share totals on the 1st and 2nd August. It doesn't appear to have held the price down. Is it shares going to corporations/institutions?

[goggin] 03/8/2017 21:04

Here is the potential future for Earthport - consolidation in the cash transaction Market

On Tuesday 4 July 2017, Worldpay's (WPG) share price rose by a quarter on the day it confirmed separate "preliminary approaches" from credit card processor Vantiv (US:VNTV) and banking group JPMorgan (US:JPM). On Wednesday, Vantiv agreed 'in principle' to buy the FTSE 100 payments processor for 55p a share and 0.0672 of new Vantiv shares. JPMorgan then told the market it did not intend to make an offer.

The boards of Vantiv and Worldpay said their union would create "a scale world-class payments group in a dynamic market, with deep payments capabilities, product and vertical expertise and strong distribution channels". There should also be "substantial" cost synergies on offer.

Worldpay is the number one payments business in Europe, and any company wanting to become the world's leading payments processor would do well to have it on board, said Cenkos analyst Martin O'Sullivan before the deal announcement was made. The US is the world's largest market for payments processing and Vantiv, then JPMorgan, are the two top players in terms of volume of transactions processed.

Worldpay is a major player, processing 15bn transactions in 2016, against Vantiv's 25bn. The sector is being driven by the surge towards online commerce. Worldpay's 'Global eCom' business was a key driver of the company's overall top-line growth for 2016 - serving multinationals across 146 countries and 126 currencies, and contributing significantly to Worldpay's total transaction value of £451bn.

Worldpay has not been without its troubles: a technical outage delayed millions of payments last summer, and its US growth has been modest, which goes some way to support the rationale for a tie-up. The business is also in the process of separating its core systems from Royal Bank of Scotland (RBS), which sold it in 2010.

The £9.1bn acquisition of Worldpay would mean yet another UK technology business being snapped up by an overseas firm. Clearly, Worldpay's bidders identify serious value in their target. For O'Sullivan, this is not least because of the attractive dollar/sterling exchange rate since the Brexit vote.

IC View

The offer price equates to 30 times Worlday's expected 2017 full-year earnings, which puts it beyond even rival PayPal (US:PYPL) and a fifth above the global peer group average. Shareholders may be hoping for other bidders, but this premium will be hard to beat. Payment processors had carved out a mini-sector in the FTSE 350: the biggest operator is first to go. Hold at 377p.
Last IC View: Hold, 280p, 8 Mar 2017

[goggin] 03/8/2017 20:53

Dealing date Name / Title Shares Per share
(GBP) Deal size
(GBP)
Purchase
24 MAR 2016
J B McCoy
500,000 -- --
Sale
23 JUN 2015
Mr. H Uberoi
CHIEF EXECUTIVE OFFICER
142,329 0.43 61.20 k
Purchase
29 MAR 2012
Mr. H Uberoi
CHIEF EXECUTIVE OFFICER
250,000 0.16 40.00 k
Purchase
28 MAR 2012
Mr. H Uberoi
CHIEF EXECUTIVE OFFICER
250,000 0.16 39.38 k
Purchase
11 JAN 2011
Mr. P G Hickman
CHAIRMAN
100,000 0.21 20.80 k

[goggin] 03/8/2017 20:51

47.60% Per cent of shares held by top holders

Holder Shares % Held
OppenheimerFunds, Inc.
AS OF 24 OCT 2016
87.77m 17.98%
Schroder Investment Management Ltd.
AS OF 24 OCT 2016
29.65m 6.07%
BlackRock Investment Management (UK) Ltd.
AS OF 24 OCT 2016
23.55m 4.82%
Henderson Global Investors Ltd.
AS OF 24 OCT 2016
20.77m 4.25%
Ruffer LLP
AS OF 11 NOV 2016
20.16m 4.13%
Norges Bank Investment Management
AS OF 02 MAY 2017
14.07m 2.88%
Millennium Management LLC
AS OF 02 MAY 2017
13.12m 2.69%
River & Mercantile Asset Management LLP
AS OF 30 SEP 2016
10.90m 2.23%
Herald Investment Management Ltd.
AS OF 02 MAY 2017
6.36m 1.30%
Deutsche Investment Management Americas, Inc.
AS OF 02 MAY 2017
6.01m 1.23%
Data from 31 Dec 2016 - 31 Mar 2017Source: FactSet Research Systems Inc.
Income statement (GBX)
Year on year Earthport PLC grew revenues 18.19% from 19.27m to 22.77m while net income improved from a loss of 8.69m to a smaller loss of 8.22m.
View all financials
FT Lexicon

[isaready] 03/8/2017 18:59

As ever she just thinks of possible negative slants which mean little. Before it was will they ever earn any money, nice its if they do, they'll have to have high volume.

What a total plonker. Seriously.

[chadders] 03/8/2017 16:26

I much prefer the troll when it was a raging bull.

[isaready] 03/8/2017 08:07

Great Chads.

I think the signs are there for positive next steps. They have laid the foundation to become a multibillion dollar company. That's require investments upfront so they can scale. They saw the opportunity, so delayed small profits for long term stability and core revenue with decent clients.

If they get it right and deliver for clients, they will do very very well, that's if no one comes along and buy them before then. I suspect, if it bumps up over the next two, three years to 500 million at £1 a share, they may well get a offer for £1.50 and sell. You can't blame them, but, lets see what and when and how and take it from there.

The next 6 months and interims are important. I think they issues the results earlier so they can start releasing more information.

[chadders] 03/8/2017 07:46

Another big deal in India covering the major markets. Bodes well and signals a return to announcing deals via RNS. I expect EPO to push deals aggressively over the short term. Much more to come methinks.

[madmonkflin] 03/8/2017 07:21

India is going to be a massive market for us.