Earthport Share Discussion Threads

[nimrod22] 15/11/2017 16:53

Contrary to my last post.......
Its down through every moving average line 9/13/50/150/200.
"If" it should drop further or spike downwards tomorrow there maybe a worthwhile window in which to take a punt.

[silkstag] 15/11/2017 16:41

VWAP 16.3p today. Close 16.25p. Down 7.8%. This latest victory for 'Falling Knife v Feeble Fools', explains Ssr's vulgar troll tantrum posts 13911 and 13912. More of these to come. imho.

[silkstag] 15/11/2017 15:00

Ssr says EPO 'has been too slow to reach profitability'. Hilarious! It lost -£9.2m in 6 months to 30 June 2017. By far the largest loss in its dire history.
The truth is that EPO, under 7 years of profligate USA virgin CEO Uberoi, has shown no sign of ever being ABLE to halt the huge losses, never mind even get closer to profitability. Imho. Dyor

[silkstag] 15/11/2017 14:52

You can build a 'substantial stake' in the 4p restructuring round in October 2019. Why throw 75% of your cash in the bin in between? Hubris? Imho

[ssr23] 15/11/2017 14:15

Yes. Punters are disappointed because EPO have been too slow to reach profitability. They are now being punished. There doesn’t seem to be any drivers at the moment to steady the ship. However take a very long term view and it’s possible to see EPO being a successful business. The price may get to 10p or even lower. Anything is possible with AIM shares especially when sentiments are so low. This is why you have to take risks which you can tolerate. I am happy with what I have and will keep buying as share price drops. EPO is a small percentage of my portfolio but it looks like I may get a chance to build a substantial stake.

GLA.

[ssr23] 15/11/2017 14:15

Yes. Punters are disappointed because EPO have been too slow to reach profitability. They are now being punished. There doesn’t seem to be any drivers at the moment to steady the ship. However take a very long term view and it’s possible to see EPO being a successful business. The price may get to 10p or even lower. Anything is possible with AIM shares especially when sentiments are so low. This is why you have to take risks which you can tolerate. I am happy with what I have and will keep buying as share price drops. EPO is a small percentage of my portfolio but it looks like I may get a chance to build a substantial stake.

GLA.

[cheshiremoggie] 15/11/2017 13:17

I'm also out as of a couple of weeks ago. While I do think that EPO has turned a corner in terms of its business model, the cash raised will allow losses to grow while they spend it on infrastructure etc. IMHO it will be 2-3 years before the real results (benefits or otherwise) of the strategy are known and I've got better places to put my money.18months from now the situation may well be different and if management are to be believed very positive.See you then.CM

[silkstag] 15/11/2017 12:28

Death spiral 1) EPO fy17 forecast +£20m profit on £55m turnover. EPO actual -£12m loss on £30m turnover. Massive misses. Like fy14, fy15 and fy16.

Death spiral 2) EPO covered up loss in H2FY17 was -£9 2m. By far worst in its dire history.

Death spiral 3) Average revenue per transaction has been falling at -25% pa. Brutal or bungling? Dire either way.

Death spiral 4) £26m overheads shoukd be axed -£10m. Management announced they will turbo-bloat them by +£9m.

Death spiral 5) Majority of management from 2016 report & accounts resigned in 1 year. Rats squealing down the gangplank before the Earthtanic sinks.

Death spiral 6) Fy17 £30.3m turnover was split £1.5m consultancy (worth x1); e£12m fx (worth x1); e£8m money transfers (to keep. Worth x2), e£8.8m loss-making money transfers (need to terminate. Worth x0). Office closing, redundancy and restructuring will burn -£10m cash (worth x-1). £15m inevitable restructuring losses (worth x-1). Maybe £5m cash left (worth x1). If fixed EPO today, worth c£35m = 6p per share. Business model disaster.

Death spiral 7) Cash is not 'invested' in EPO, it is thrown on the profligate USA virgin CEO cash BBQ.

MANDATORY SELL. Heading for 15p then 10p then 4p. And 10 for 1 share consolidation.
All imho. Dyor

[silkstag] 15/11/2017 11:01

EPO is much weaker than in Jan 2016 (time of £5m fx blunder) having posted by far its largest six month loss; -£9.2m in h2fy17 ie the most recent period.
Further, it is much weaker due to business model failure. Average revenue per transaction crashed -35% in fy16 and fell a further -15% in fy17 and is still falling.
Also the bloated £26m overheads have been turned to turbo-bloat £35m so all holders who bought relying on breakeven feel shafted and want out. Holder trust is shattered.
Yes it will fall to 10p but thus time it will keep on falling to 4p. 10 for 1 consolidation and holder genocide.
Holders in 2005 assumed it would come back. They faced 76 for 1 consolidation. Oblivion. 99.92% loss from 1998 to 2005. Here we go again.
MANDATORY SELL
All imho. Dyor

[ssr23] 15/11/2017 10:54

SS is doing his best to get people to panic sell. He will probably be getting in soon and make a lot of money. Do not believe anything he says.

[ssr23] 15/11/2017 10:46

Remember it went to 11p last year after the Baydonhill loss. It came back then it will come back again. EPO is in a much stronger position now than it was then.

[nimrod22] 15/11/2017 10:45

Out a couple of weeks back. Best to let EPO go for the near future doesn't look as if there's any near term upside. Greater risk of a market correction sending it into a tailspin rather than some upward movement news. IC recently had it as a hold recommendation, which may as well be taken as a sell. May always buy back in at a lower price.

[ssr23] 15/11/2017 10:40

Buyer will come in shortly.

[ssr23] 15/11/2017 10:40

Time and patience. For me it doesn’t matter about the price now. Drop is from small investors throwing in the towel. This will create a buying opportunity. Gla.

[ddubzy] 15/11/2017 10:14

Chart shocking...I'm out of this dog. GL Holders...

[silkstag] 15/11/2017 09:37

A trade at 16p. 16p will likely disappear this week.confidence is rightly bust. imho

[silkstag] 15/11/2017 08:54

And 17p disappears, exactly as predicted at 8:36.
The falling knife and seller overhang is heading for 15p then 10p then 4p. Imho

[silkstag] 15/11/2017 08:36

Aside from MMs, orderbook stacked with seller overhang and zero visible buyers. 17p will likely disappear soon. Heading to 15p then 10p then 4p and restructuring. Imho. Dyor