Earthport Share Discussion Threads

[silkstag] 23/11/2017 12:11

Feels like the frustrated massive overhang of sellers on the orderbook will punch through 15p soon. It will then slide toward 10p in the run up to Xmas.
Savvy folk realise the H1fy18 6 month interims will be putrid, say loss -£12m, to follow the concealed -£9.2m loss in H2fy17. That slash into the share price in early February is worth avoiding.
All Imho. Dyor

[silkstag] 22/11/2017 10:32

EPO conceal worse 6m loss in its dire history of -£9.2m in 6 months to 30 June 2017. Share price in freefall. To celebrate this collosal destruction of shareholder value, the Uberoi cronies on the remuneration committee have issued another 1.4m shares dilution gifted to management on a time served basis.
Ft17 missed forecast turnover and profit by -£25m and -£32m respectively.
Reward management for huge failure.
Not linked to any success targets either business or share price.
At EPO, you fail, slaughter shareholders, but get free share bonuses. Yeah, that's how they roll!
EPO behave like dirty arrogant bungling crackhead filth.
MANDATORY SELL
ALL imho. Dyor

[isaready] 21/11/2017 18:43

a smelly one.

[silkstag] 20/11/2017 16:18

Gogetter, thanks, Ssr seems to have 'seen (some of) the light' albeit rather late and without a molecule of good grace. May his wasted cash RIP.
H1fy18 loss could be enormous. More than -£10m in six months' bloated failed business model trading.
H1fy15 loss was huge after the Sept 2014 fundraising. The wheels come off fast after Uberoi false forecasts.
15p imminent then 10p and on to 4p and 10 for 1 share consoludation by October 2019.
MANDATORY SELL
All imho. Dyor

[ssr23] 20/11/2017 14:23

General rule with AIM - when you see trouble - GET OUT. The market is not seeing EPO in a possible light. No buyers atm Only sellers.

[silkstag] 20/11/2017 13:38

Emperor Nero is fiddling (forecasts) as Rome burns. 4 of 7 senior management gone in one year is a hint the Board are spineless cronies. Losses will mushroom, share price fall below 10p, maybe the large shareholders will snap.
But overheads will have turbo-bloated an extra £9m to £35m, which will cost even more to axe down to the required £15m. Blood bath is written in the stars. Imho. Dyor

[ssr23] 20/11/2017 13:19

Uberoi’s time at EPO is limited. I hope the board are looking for a new ceo. Fresh blood needed.

[silkstag] 20/11/2017 13:05

No I am not one of 1 Direction's 10 Trillion fans. 1D10T.
Meanwhile the EPO share price falling knife is slicing through mug money. Imho

[ssr23] 20/11/2017 12:19

“Savvy Oracle Awesone Brainbox?”

No. How about IDIOT.

[ssr23] 20/11/2017 11:02

Ha ha. You are a sad, probably ugly SOAB.

[silkstag] 20/11/2017 10:17

EPO concealed -£9.2m loss in just 6 months to 30 June 2017. Losses running at -£18m pa.
Then EPO admit in October in desperation to grow turnover to cover up the failed business model they will turbo-bloat overheads from £26m to £35m pa. That could hike the losses to an astounding £20-25m pa.
In this deceitful death spiral EPO could easily blow most of £30m cash in 2 years to force another round as no.longer a going concern.
Lap-dog Ssr keeps ignoring EPO will crash far below fy18 and fy19 forecast, as it always has done.
Share price falling knife to 15p then 10p then to 4p by October 2019.
MANDATORY SELL
All imho. Dyor

[isaready] 20/11/2017 08:27

I don't disagree with your comments in general ssr but they are scaling up. If you read between the lines the expenditure is very specific which suggests they are scaling for serious demand.

They are spending to shape the future. That's not a sign of a failing business, it's just a business which is going for some serious growth.

I get your point but you're being to harsh on the CEO but all the same, he needs to deliver those revenue targets. He has.

When we say profit, sure, if they spend a lot less and say deliver 5m profit then what? Shareholders will say, ok we need to grow the top, bottom line now. That will need expenditure.

They are doing it now, scaling x10 capacity. In 18 months they'll have money still plenty of it if they hit their revenue targets. So far they have.

They raised 26m last time and had 11m left. If it were not for the idiots being scammed, they would have had 16m cash anyway. So during that time they used 10m over 3 years.

They have stable, now growing revenue from a solid client base. that's their foundation. Now they can grow seriously in huge volumes hence making, shaping for the next phase.

All in all you are not wrong but it's nor as break as you paint it either .

[ssr23] 19/11/2017 09:44

Tradingworldwindow - 2016 revenue £22.77m loss £8.8m 2017 revenue £30.30m loss £12.73m

Since 2001 EPO have amassed post tax losses of £152m.

Does these figures give you confidence? Don’t forget Uberoi has had 7 years to change the fortunes of this company.

EPO are just not able to hit the critical mass to make this into a viable business. Can you you wait another 3 years hoping to reach break even? Based on past performance I would not like to bet that they will reach the £70+m


For me this a speculative investment and will only add to my holdings when I can see evidence of a turnaround. I fear we may have to wait a long time. In the meantime as I said before if there is a little deviation from the growth targets then punters may lose confidence. When confidence in a company goes you only need one big seller and the share price gets a beating. This is why I have reduced my holdings.

[ssr23] 18/11/2017 08:42

Tradingworldnow - I am little disappointed in him. Last year he was banging on about block chain now he is coy about it. We are now reading American Express, Santander and Ripple are teaming up to start a cross border block chain platform and EPO is not involved.

I must admit I have taken some risk off the table but still believe there is a plausible case for success in the long term.

Few things are worrying me at the moment after reading through the raft of rns’s since the beginning of last year.

We turned over £30.3m and we are showing a loss of £12.1m. Something wrong here especially when Uberoi was targeting break even in 2017.

4 key people left the company when we know that they were given huge vested awards last year. These were aimed at retaining these key individuals. If EPO hit the share price targets they would make a lot of money. If they thought those share price targets would be achieved do you think they would leave?

Broker forecast no profit until after 2020. Even with £70m they are not going to make a profit. Again something wrong with the business model. This is with the assumption that they will hit the £70m. Uberoi has already told us new client contracts were muted in 2017 so where is the extra business going to come from? The chairman in his statement acknowledged more business need to come from existing client. At the moment it’s not enough.

One poster also highlighted the excerpt from the result re q1 2018 target. It said it was “broadly“; in line with market expectations. This is a worrying statement. It suggests to me that revenue targets is becoming challenging. If Uberoi fails to hit those targets expect a big reaction from shareholders. I have been in this game too long and know with small AIM business you don’t always get time to react especially if you are a big holder.

So whilst I believe EPO could make one day make it into a successful business it has lot of challenges ahead. As an investor we all should mitigate the risks here. I believe there’s too many challenges for Uberoi and because of this I have taken some risk off the table. It looks like others have too since the results.

If and when EPO show signs of a healthy business I will buy back those shares. Until then I will hold onto what I have knowing if they do hit a roadblock my losses would be limited.