Earthport Share Discussion Threads

[ssr23] 18/12/2017 07:10

Uberoi OUT. Search now on for a new CEO.

RNS - Earthport's anticipated revenues are expected to be 10%-15% below current expectations for the financial year ending 30 June 2018 ("FY2018").

I hate to say this but some of us predicted this and hope most PI’s derisked after the results announcement. I’m genuinely sorry for those who still hold.

Good luck all.

[y0u] 16/12/2017 14:42

Not looking good here at all is it?

[jailbird] 15/12/2017 16:09

Just had relook at EPO today

So ppl who believed the book build price was a base can now see it means nothing

I said it may get lower than this price but I am surprised it has gone to 14.5p.

However the CO's targets for profitability is not near enough to buy here

Buyers at the book build price have got mugged too

[tradingworldnow] 15/12/2017 15:59

Thats all wll and good. This has been posted by you time and time again, but the question silkstag was as follows:

What are the overheads for Worldremit and TransferWise?
Do they have a viable business?

Who is comparing silkstag. I asked a question on overheads, costs and revenue growth.

[tradingworldnow] 15/12/2017 12:11

What are the overheads for worldremit and TransferWise?

Do you know?

[tradingworldnow] 15/12/2017 09:43

Haha I agree it's funny.

So silkstag tell me, after receiving revenue from let's say 40m this year to 22m and spending another 15m on top what would be your plan after that for the sake of 2m loss.

How would you grow the business without increasing costs. I'm interested not deluded as you suggest, it's a legitimate question.

How would you grow the business while keeping costs down. That's the tricky part, growingbthe business while trying to make a profit.

You can't do both, grow and profit until you hot a level of growth. So, you seem.to know it all, the future CEO of epo, how would take grow the business.

Are you like the shadow cabinet. Talk the talk but then once you're in, you do nothing.

Look forward to an approach.

[silkstag] 15/12/2017 09:10

TWN, if you are a trader then I hope you are short on EPO else you are 'long and wrong', arrogantly refusing to admit your blunders and cut your losses. You are a bad trader!

You trying to persuade this BB Ssr and I are the same poster is a hint you have parted company with your marbles. Keep blundering, it is funny!

Flawed business model, spiralling losses to -£20m pa, bust trust, deserting 4 of 7 senior management in 1 year, crashing average revenue per transaction -25% pa etc are not a rational basis to be a holder. Not for those with marbles!

Falling knife will correct to 8p. Then to 3-4p by October 2019.

MANDATORY SELL at 14.5p or anywhere near. Trader or investor.
All imho. Dyor

[ssr23] 14/12/2017 16:47

TWN? I hope you don’t mind but I’ll call you TWN from now on. What does it stand for?

You tell me I should F off. Why? Readers should hear both sides instead of you and your mates constant ramping.

I don’t think you should F off though because I want you stay here and admit you were wrong on EPO when this hits sub 10p within the next 6 months.

[isaready] 14/12/2017 16:29

TWN?

Silkstag aka SR23,

Its ISAready mate not TWN asking this. Get with the programme.

Looking at your numbers you are saying:

If revenue was 40m ye 2018,

1) You would cut costs, losing 15m
2) You would reduce revenue from 40m to 22m

The benefit of doing this is simple, to reduce losses to just 2m.

So you would as CEO spend 15m restructuring and reducing revenue by 45% just so you could say you have made only a 2m loss?

If that's the case how would you then grow the business to 40m revenue the following year, 18m in lost revenue?

How would you tell existing customers you can't deliver the volumes they need?


How's that great?

[silkstag] 14/12/2017 16:03

TWN, already answered your false and deluded question. Company is over-valued, only worth 8p today. Business model is flawed. Growing loss-making turnover is making it worse. Fy20 new management challenge will be to avoid insolvent liquidation. Need to cut loss-making clients. Fy20 turnover will be about £20m having axed the worst bits. Fy20 overheads will be axed from £35m to £15m. One-off restructuring costs about £15m. Cash burned fy18 and fy19 about £30m. By fy21 maybe say £22m turnover could give £15m gross margin and only a £2m loss. That would be huge progress. But with 1.25 billion shares, October 2019 round price of 3p to 4p, current holders at 14.5p will be massively submerged.
MANDATORY SELL anywhere near 14.5p. Maybe invest at 3-4p in Oct 2019
All imho. Dyor

[ssr23] 14/12/2017 14:46

Isaready - are you “isa”ready for the Jan 18 update? Uberoi told us H1 target was “broadly”; in line with management expectations. Does this give you much confidence or do you think Uberoi will use his spin to make the health of the business look much better than what it actually is?

[tradingworldnow] 14/12/2017 12:48

Silkstag,

Could you confirm as CEO of epo how would you develop the business once you've cut costs.

Would the revenue continue to remain at 30/40m and grow from there whilst reducing costs.

How would you demonstrate to clients you are there to scale?

This is also to SSR your alias.

[silkstag] 14/12/2017 11:54

H2fy17 was a concealed -£9.2m loss. Business model secretly fell off a cliff which is why in truth Uberoi needed so much extra cash.
Average revenue per transaction is crashing on average -25% pa since fy16. It was -35% in fy16. -15% in fy17. Uberoi is now desperately chasing volume from second and third world business so the unit price could fall even faster in fy18 and fy19.
New management will terminate this dire loss-making extra turnover, shut the new offices, fire all the new staff; and relocate or fire existing central London admin staff. Massive restructuring cost in fy20. All paid for by existing holder 50% dilution in October 2019 round of 625m shares @4p with 1 for 10 share consolidation.
Fy20 turnover will be cut (terminated clients) to about £20m to stem the wild trading losses.
1.25 billion shares @4p will be market cap £50m post Oct 19 round i.e. x2.5 fy20 restructured turnover. That valuation will be plenty high enough given the massive exceptional global restructuring loss of about -£15m. Maybe 4p is too high.
EPO is hurtling down a rat-run with a flawed business model. Now slaughtering shareholder value by losing about -£1.7m every month. -£1.7m every month!

Trust bust. Business model flawed. Burning £30m cash in fy18 and fy19 to sign turnover which will cost another £15m to terminate. £45m cash in bin i.e. -7p per share to delete from 14.5p share price =7.5p. Plus the 4p downgrade from slashing turnover in fy20. Target price Oct 2019 restructuring round is 3p to 4p.

MANDATORY SELL at 14.5p or anywhere near.
All imho. Dyor.

[isaready] 14/12/2017 09:25

chadders, SSR is silkstag. a pretend wannabe CEO. All talk and no action. Can't even describe how he would run the business and help keep the revenue growing.

[ssr23] 14/12/2017 08:54

If the Jan18 update reveals EPO is not on track to meet sales targets then expect further share price decline. Uberoi has yet to prove his strategy and business model will work. So far with the huges losses he has demonstrated it doesn’t work.

I am not so foolish to buy or remain invested here atm.

All imho dyor.

[chadders] 14/12/2017 08:49

Your insight is breath taking.

[silkstag] 14/12/2017 08:42

Chadders is back but filtered.
He is the mug that EPO management duped with their dirty July 2017 trading update so he posted in September he bought @27.5p.
He is the mug that EPO duped with their crooked forecasts in the October 2017 circular so he bought @22p.
He is the mug that was duped by the allure of buying cheaper than the placees so he posted he bought @19.5p. Then came EPO's concealed largest loss in history at -£12m.

Chadders is the dishonest mug whu refuses to admit EPO management serially conned him. He cant because he has huge paper losses and his hubris, ego and weak character prevents him from admitting management serially violated him.

I filtered Chadders as it was obvious he was trying to violate others by serial posting lies to try to con them into propping up his huge losses.

Beware the falling knife which is heading for 10p.

With x7 share dilution and spiralling losses it is wrong to be above the 2010 price of 10p when Uberoi took charge.

Beware dirty mugs who are long and wrong.

EPO is worth about 8p today. If the losses are -£40m or worse in fy18 and fy19, which I expect, it will crash to 4p and new management restructuring.

MANDATORY SELL at 14.5p or anywhere near.
All imho. Dyor

[ssr23] 14/12/2017 08:38

You are too attached emotionally to this stock and disregarding the fundamentals.

At the end of the day it’s your money.

[chadders] 14/12/2017 08:29

You carry on licking your wounds sonny jim.

[ssr23] 14/12/2017 08:20

You carry on buying mate. Good luck.