Earthport Share Discussion Threads

[silkstag] 10/11/2017 14:05

Prediction) After the Sept 2014 £26.6m funding round EPO share price was 42p. House broker price target was 50% rise to 61p. SS price target was 85% crash to 6p. By July 2016 it had crashed 70% to 13p.

!!! Do you score that Sept 2014 SS price crash prediction at more or less than 95/100? !!!

Analysis) Extracts with Sept 2014 price crash prediction (SS posts 10629-10633):

"EPO management have proven themselves to be 'dirty dishonest pigs' eg breaching AiM rules by not downgrading expectations when they knew that they would fall far short, apparently to deceive investors into subscribing shares at inflated valuations; thus failure to hit forecasts issued to support a funding round should be expected.

... the forecast 2015 profit of £0.5m looks like a bare-faced lie peddled by management; assume it will be a loss and probably the usual £5m loss.

... STRONG SELL before lousy numbers far below expectations come out again

... why is it fair to call EPO management 'dirty dishonest pigs'?:

a) AiM rule 11 is mandatory so as not to deceive investors. We know it certainly looks like EPO management deliberately breached it when deceiving IFC into investing on 29 May 2013:

"General disclosure of price sensitive information

11. An AIM company must issue notification without delay of any new developments which are not public knowledge concerning a change in:
♦ its financial condition;
♦ its sphere of activity;
♦ the performance of its business; or
♦ its expectation of its performance,
which, if made public, would be likely to lead to a substantial movement in the price of its AIM securities".

b) EPO management concealed their previous first choice metric (% change in transaction volume) when it likely went bad. That shows that governance procedures failed in the finance function and NXDs. Every accountant and experienced NXD at EPO knows Accounting Principles require Consistency.

c) Concealed split between transaction revenue and non-recurring revenue. EPO management did not want the market to know how slowly transactions are growing, if at all?

d) Concealed split of Baydonhill revenue in interim 31-12-13 accounts to try to cover up stall in core business.

e) etc.

Honesty and governance obliges management to follow standard rules so investors can fairly assess risk-reward. The EPO dirty dishonest pigs seem to breach those rules when it suits them. Who knows what other irregularities may be involved in having won other large clients? Management are either honest or they are not.

The x4 in share price [11p to 44p from March 2010 to Oct 2014] has apparently been fuelled by deceit, so it will crash 85% just like previous EPO management's deceit bubble crashed the price 85% in 2009. All IMHO. DYOR.

... This supply-demand deterioration will worsen if I am also right that the 2015 forecast of £20m revenue and £0.5m profit was deceitfully induced by the dirty dishonest pigs (aka EPO management) to dupe Oppenheimer Fund into overpaying in the round - just as apparently happened on 29 May 2013 with IFC. Forecast downgrades should rout the price ..."

!!! Do you score that Sept 2014 SS analysis behind the price crash prediction at more or less than 95/100? !!!

Future) Same EPO virgin CEO issued fundraising forecast in Sept 2017. Subsequent FY17 loss downgrade has already started to slice the share price. Downgrades for fy18, fy19 etc will again 'rout the price'.

MANDATORY SELL. Same pattern of false forecasts to raise funds at an inflated valuation, followed by multiple late downgrades that end up reported as rampant actual losses.
All imho. dyor

[ssr23] 10/11/2017 13:13

Silkstag - you must have a shi* life if the only thing you exist for is to write your trash on this board.

You sad fukcer.

[silkstag] 10/11/2017 12:57

Ssr, you are a filthy troll. My post 13794 explains: "I like exposing dirty management lies, explaining faulty business models, helping sensible honest investors, and bating filthy trolls." Dirty EPO hits all 4 targets so here I am!

[isaready] 10/11/2017 12:55

He is a lying libellous troll. Silkstsg invested and sold from 11p to 49p. She is here because she must have been super close to the management I suspect, unlike most investors, she may have worked there and got kicked out. She quotes mainly on epo and on iii has an alias called Captainmultubag.

When she was a bull , i was. Bears told her she was wrong on certain points. Her ignorance show epo did not deliver as expected in 2013/14 because she wanted profit.

Once epo took the plunge to buy BH which silkstag said was brill, once they started spending more to grow, she turned a bear. Ever since then, because she didn't read the signals, she made money and because she's so arrogant, she can't accept she was wrong in not seeing the signals. So She's been on a vendetta ever since trying to discredit the management because she looked stupid in 2014.

Now as a bear its no different. She's ignorant, ignored the signals, pretends revenue targets which are hit means nothing. Seriously she is a silly girl and boy and focuses on losses because that requires no intelligence and is obvious to pick on.

She invests for dividends she's not the type of investor for this company. Some invest for growth. That's happening for epo. They are scaling for ten fold increase.

[ssr23] 10/11/2017 12:12

If you sold out at a profit, why are you still here dishing out you filth? You are not telling the truth.

As others have put it, YOU are a LYING TROLL.

[silkstag] 10/11/2017 11:53

Ssr, you recycle lies. This BB knows I worked out the forecast falsity and flawed business model, posted it in Sept 2014 (post 10629) when price was 40p and sold at profit. My cracking post is there for all to see.

Please also read posts 10631 and 10633 which explain EPO apparent breaches of AiM rules in their forecast fiddling and late downgrades. If anyone really cares about their cash, seriously, think about this. Fy15 false fundraising forecast was +£0.5m profit. Fy15 actual was -£8.7m loss.

The share price falling knife toward the Oct 2019 restructuring round @4p and 10 for 1 share consoludation has angered you. Hubris and bad character cause you to hold, or worse, top up as it falls. I can't feel sorry for your self-inflicted losses.
EPO failings are writ large in neon lights. Missed fy17 forecast by -£25m on turnover and by -£32m on earnings.
All imho. Dyor

[ssr23] 10/11/2017 11:39

Oppenheimer, Prudential, R & M and others continue to support EPO for very good reasons.

Silkstag - you have failed and because of this, you have become a bitter and twisted person. You made the call to invest in EPO. You are to blame for your poor judgement. Not EPO or Uberoi.

[silkstag] 10/11/2017 10:19

Ssr boasts turnover grew £28m from fy10 to fy17. He forgets to mention EPO bought Baydonhill FX valued at and worth x1 turnover. Its fy17 is about £12m so Uberoi grew core turnover by £16m in 7 years. Average £2.6m extra turnover pa growth to core transaction processing. Also need the share price to fall 6p tp correct the fx valuation error as it is not worth x4 turnover, just x1.

Ssr fails to mention issued shares rocketed from 90m in Jan 2010 to 615m by Oct 2017. Dilution a whopping x7. That is a huge offset to turnover growth.

Ssr fails to mention losses mushroomed from c-£4m fy10 (check) to -£12m fy17. That is a huge offset to turnover growth.

Ssr asserts EPO did not say it targeted profit and it could have it. Those are both bare-faced lies. EPO asserted it was on the brink of profit every year fy10 to fy17. Fail after fail after fail.

EPO forecast fy17 £55m turnover and +£20m profit. Actual fy17 is £30m turnover and -£12m loss. Monster -£25m miss on turnover growth and business-model-crushing -£32m miss on earnings.

Confidence rightly bust. Share price falling knife.

MANDATORY SELL. Heading for 4p restructuring and 10 for 1 share consolidation by Oct 2019
All imho. Dyor

[ssr23] 10/11/2017 09:42

“We have a healthy pipeline of prospects across various countries in Asia. In particular, ongoing regulatory pressures and reduction in risk appetite by global correspondent banks in the developed countries are presenting new opportunities for Earthport to serve emerging markets.”

Watch this space. EPO are advancing and on target to hit £40m revenue this year. A big chunk of growth will come from India led by new Head of India - Sandeep Gupta and also other parts of Asia led by Rohit Bammi - Head of Asia.

Investing in small companies carries greater risk and big swings in prices. So DYOR.

[ssr23] 10/11/2017 07:19

Under Uberoi revenue rose from £1.9m in fy10 to £30.3m in fy17. Broker forecast £40.1m fy18, £55m fy19 and £71m fy20.

That is some serious growth. EPO is now in a strong financial position with around £35m in the bank and revenue of approx £40m this year. If it chooses it can now start to make profit but they have said time and time again they are going for growth and not short term profit.

This company is no longer raising funds for operational expenses but using it to scale up the business significantly as it aims to capture new and emerging demand for its services. I am a happy buyer at current price taking a 5 year view. GLA DYOR.

[isaready] 09/11/2017 20:23

I think you'll find Silkstag has never ran a big business, scaled a business or even raised money to turn a business from 3m revenue to 70m.

For someone who has no experience in this, they deffo have no experience in suggesting how best to run a business which is scaling up.

She's a total novice.

[tradingworldnow] 09/11/2017 18:39

If you listen to Jeff at Amazon, he still says his company is a young company. They act like a start up. Silkstag somehow does not get it. I guess silkstag has experience running a market stall and thinks those principles apply to a corporate business. silly girl.

[ssr23] 09/11/2017 11:36

silkstag - You are sick. Get some help.

[silkstag] 09/11/2017 11:23

By 2021, after the Oct 2019 4p round and 10 for 1 share consolidation, new management will have had two years to implement their post-Uberoi reconstruction plan (shutting and relocating offices, terminating loss-making contracts etc), and it could reach breakeven. That would offer a return for investors @4p in the Oct 2019 round. Imho. dyor

[ssr23] 09/11/2017 09:57

www.dailyreckoning.co.uk/investing/i-made-one-schoolboy-error-and-it-cost-me-a-fortune/

I’m sticking to my conviction that EPO will in time be a profitable cross border payments company.

DYOR

[silkstag] 09/11/2017 09:36

I like exposing dirty management lies, explaining faulty business models, helping sensible honest investors, and bating filthy trolls.

[ssr23] 09/11/2017 09:27

Silgstag - you make me sick. You are an awful human being. Full of hate. Whatever grievance you have, continuously spending your life writing your vitriolic posts are not going to help you. You have obviously lost in some way or another but can’t get over it.

[ssr23] 09/11/2017 08:50

ISAready - a very good summary of where we are now. I am here is because this business in no longer on survival mode but is actively pursuing GROWTH.

They just raised £24m plus £11+m in the bank and they will have revenue of £40m. That is some serious money coming into the business.

If EPO carry on growing then there’s no reason why the valuation should not reach £300m in 18month time. As a contrarian I am happy to go against the market and take long term bets. EPO is my long term bet and I am slowly drip feeding into EPO as the share price continues to drop.

Only time will tell if my gamble pays off. GLA. DYOR.