Earthport Share Discussion Threads

[chadders] 24/10/2017 17:09

gogetter3, genuinely sorry for your status and thank goodness someone has the balls to accept responsibility for their own decisions.

I entered too early but kept the faith and piled in when it was below 12p and back up to 18.6p. Have taken profits on a couple of occasions and have recently been buying again. Still substantially in profit.

I am an investor, I don't worry about the share price, I focus on the investment case. It will come good, it's a game changer that is not burning cash, it's investing cash. The bigger the opportunity becomes the more confidence they have that the strategy is correct. Oppenheimer et al are not mugs, they believe the numbers which is good enough for me.

[chadders] 24/10/2017 16:59

The troll is a serial liar and a compulsive scaremonger. Dyor

[silkstag] 24/10/2017 16:57

Or bend over with your head in the sand and wait for the red-hot-poker.

[silkstag] 24/10/2017 16:57

March 2015 (reaching 2.25 years forward):
EPO false forecast FY17: £55m turnover and £19.8m profit.
Downgraded forecast FY17: £30.3m turnover and -£10m loss.

£25m (45%) turnover miss and £30m (150%) profit miss.

October 2017 (reaching 5.75 years forward):
EPO false forecast FY23: 80m trans x £2.75 = £220m turnover and EBITDA £77m.
SS honest forecast FY23: 40m trans x £1.12 = £45m turnover and EBITDA -£41m.

£175m (80%) turnover miss and £118m (153%) EBITDA miss [=175m x65% + 45m x10%].

Need another disaster funding by October 2019. Massive dilution and downgrade.
Turbo-bloated overheads from £26m to £35m pa. Sliding average transaction price.

MANDATORY SELL
All imho. Dyor

[gogetter3] 24/10/2017 15:09

isaready & chadders - this is like deja vu! Comments like these "Topping up, reducing my average, moving up etc" were used 10 - 15 years ago because we kept believing what the management told us. How many months ago were they in the 40p?: and now they are under 20p - that does not sound like moving up.
EPO's shares have been diluted beyond belief and why should you think it is going to be different this time around. They have been talking about profitability for donkeys years but "we need" one more CR to get us over the line they said. But still their losses were in the millions every year, and like many shareholders I was scratching my head that they still managed to survive. We called them the "Houdini" outfit.
One day I had a nice little portfolio of 130,000 shares, the next day I was told I now owned just 1315 shares diluted by 99. But hey I now owned 10p shares rather than 2.5p. but unfortunately nobody told the share price.

Unlike Silkstag I am not bitter - I made my own decisions at the time and because every CR was successful I thought someone must know something I don't - they obviously didn't.
So yes I am very cynical and so should you be.
DYOR

[gogetter3] 24/10/2017 15:09

isaready & chadders - this is like deja vu! Comments like these "Topping up, reducing my average, moving up etc" were used 10 - 15 years ago because we kept believing what the management told us. How many months ago were they in the 40p?: and now they are under 20p - that does not sound like moving up.
EPO's shares have been diluted beyond belief and why should you think it is going to be different this time around. They have been talking about profitability for donkeys years but "we need" one more CR to get us over the line they said. But still their losses were in the millions every year, and like many shareholders I was scratching my head that they still managed to survive. We called them the "Houdini" outfit.
One day I had a nice little portfolio of 130,000 shares, the next day I was told I now owned just 1315 shares diluted by 99. But hey I now owned 10p shares rather than 2.5p. but unfortunately nobody told the share price.

Unlike Silkstag I am not bitter - I made my own decisions at the time and because every CR was successful I thought someone must know something I don't - they obviously didn't.
So yes I am very cynical and so should you be.
DYOR

[isaready] 24/10/2017 13:54

I have not yet done this but will do.

[chadders] 24/10/2017 13:46

Topped up this morning.

[isaready] 24/10/2017 12:12

gogetter - long term I accept what you are saying, but not now, not medium term. They are moving on up.

[chadders] 24/10/2017 09:39

The troll is a compulsive liar and a deeply affected scaremonger. Dyor

[silkstag] 24/10/2017 09:07

The transaction price slide travellator has been decimating EPO earnings forecasts for a few years. The 20p forecasts again ignore the travellator to mislead investors. Management assume fy23 average unit price will be in range £2.25-3.25. They know perfectly well in this tech enabled industry it will keep sliding toward £1.00-1.25 or maybe lower.
So fy23 fundraising 'forecast' earnings will be decimated and EPO will run out of cash in 2 years as losses mushroom.

H1FY15 crashed after the Sept 14 fundraising. H1FY18 will do the same. Massive hike in losses in the pipe.
All imho. Dyor

[isaready] 23/10/2017 22:35

oh silkstag, you cumming in your pants again.

silkstag is a serial liar.

[chadders] 23/10/2017 17:04

The troll is a serial liar and scaremonger. Dyor

[silkstag] 23/10/2017 16:19

In July 2015 the market expected fy17 earnigs of +£19.8m (see post 13546). On 31 October 2017 when management finally admit the horror to 30 June 2017, will EPO miss that earnings forecast by more or less than -£25m or -£30m?
Pause for a moment. Miss an earnings forecast by £25m or £30m. Twenty five or Thirty. Million. Pounds.
20p investors relied on forecasts to value EPO so highly (£120m) despite its thumping serial losses. Were they right to place that reliance? If not, then 20p is a false inflated price that no-one should attach any credence.
MANDATORY SELL if you agree EPO earnings forecasts are wholly and wildly unreliable
Imho. Dyor

[chadders] 23/10/2017 15:47

Oh dear, I've found another blatant lie from the troll.

SilkStag23 May '16 - 20:07 - 12274 of 13565 0 0
Arf, indeed. Am bored with isaready valueless serial troll posts so have now filtered him.
EPO has run off the rails in fy16 by £25.5m +/-. On 21 March PG gave up issuing downgrades and abandoned forecasts.
All very iffy Imho.

I'll be posting it's scandalous shareholders briefing later...the one that it wrote itself and posted on the bb as part of a concerted scaremonger campaign because investors were piling in at 11p. That's how affected and desperate it gets.

[chadders] 23/10/2017 15:28

The troll is a serial scaremonger and a blatant liar. Dyor

I know it's reading my posts. Vanity and cowardice prevent it from filtering anyone.

[silkstag] 23/10/2017 15:06

J, your third retro-edit of post 13558 suggests a level of excitement being 'long and wrong with Chadders'.

[josephmanna] 23/10/2017 14:46

have a look again you lying troll.

did you save what I posted the first time silkstag, if so what was it?

admit, yes admit you are a silly cow.