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EPO Earthport Plc

37.70
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Earthport Plc LSE:EPO London Ordinary Share GB00B0DFPF10 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 37.70 36.90 38.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Earthport Share Discussion Threads

Showing 28176 to 28190 of 30275 messages
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DateSubjectAuthorDiscuss
12/1/2018
17:41
Volumes up, perhaps the big flush out will be next week! How exciting? I am not sure if the biggies today are all sales (hard to tell with DMA, a buyer can buy at the bid these days - what happened today could just be big buyers picking off nervous nellies but who knows, I have often had buy trades classed at sells). However clear downward pressure, don't need to be a genius to figure that out and some are doing a decent FUD job to boot that may ultimately help anyone looking to grab the carcass but I am sure that's not the motive. If it goes to 0 they really have been lying (even in the recent update) and that's quite serious for a regulated entity - any ideas what kind of D&O they've got in place? There's rich meat to go after if it goes bust, I'd have a look at the those partner deal contracts for starters as its become the wild west now in cross border payments and these guys are holding themselves out as the honest johns which they may very well be - sticking by the rules (as they say) while others run amok. I agree with Paul in that a deal is a possibility, access to fiat, regulatory environment is key to ripple even if they won't admit that. The banks won't touch them with a barge pole unless they sort that out, but that doesn't matter so much in the midst of a craze.
sirrux
12/1/2018
15:48
H1fy17 turnover was £14.3m
h2fy17 turnover was £16.0m
So growth almost stalled by June 2017.

Has h1fy18 turnover actually stalled? Ie zero growth or close? Turnover less than £17m?

The market would not like that. Not one little bit!

Further price crash could be inevitable and known to insiders by now, 12 days after period end.

Finally, some shafted investors in October 2017 may not like being violated like this. There could be very stormy weather about to splat the already holed and sinking Earthtanic.

Jump into a lifeboat! Get away from the sinking wreck!
Imho. Dyor

silkstag
12/1/2018
15:28
The share price continues to fall with no support. The are some huge sells which suggests to me a big holder is dumping. Not a good sign.

AIMHO DYOR

ssr23
12/1/2018
15:26
If the Board is not axed you will lose your 5p if you buy at 5p. I expect EPO is now destroying -1.5p of shareholder value every six months. Maybe -2p.
Market needs to factor in those say -£30m inevitable losses plus -£15m restructuring losses. Plus -£15m funding for new management. Total £60m needed.
Only have about £28m cash now. Large -£22m shortfall. In huge trouble. Spiralling the drain. Imho. Dyor.

silkstag
12/1/2018
15:16
“The Market cap is below its revenue and cash reserve.”

Whilst this is true the problem is they are burning cash and losing money. They have yet to demonstrate they can make money with its current business model. The share price cannot recover in its current position. It looks cheap and buying even at current price is at best a speculative punt.

IMHO dyor

ssr23
12/1/2018
14:06
H1fy17 loss was -£3m. Will H1fy18 loss be of the order -£6m, -£9m or -£12m?
I expect x3 the loss in prior copmarative 6 month period ie -£9m. That is -1.5p in bin in 6 months of trading. It could be -2p. Same again in following 6 months and so on until board is fired.
Bulls ignore this value destruction.
Insiders may already know the scale of this latest EPO disaster. Market price will crash down again based on filthy numbers, not bull poster vapour. Imho. Dyor

silkstag
11/1/2018
20:53
What happened to the initiative to recover the 5MM loss due to fraud? It would be nice to get the full story.Aside from that point, I see another EPO client has helped reverse some of the crippling that was going on and has sent the ripple currency back up. So what is the cost of sending real money to the emerging markets with ripple as the bridge? It can't be nothing, but the articles don't focus on that, just the hype. With EPO having agreed to work with ripple presumably to introduce their client base and work together, why have EPO ended up with seamingly nothing (unless there's an announcement to be made) and ripple are now coining it in so to speak? I'd love to know the ins and outs of this, i bet there's a good story. Maybe the R3 case won't be ripples only issue. Who knows? In fact it would be hilarious if R3 got 12Bn for introducing no one and EPO got zero for handing them over on a plate. It's interesting to note (if I am not mistaken) that ripples announcements (few as they are but adding billions in value) refer to EPO's clients or relationships. I may be dreaming here, so if anyone knows better please say so. Is everything fair and square here?
sirrux
11/1/2018
13:55
It will cost about -£15m cash to shut down the city centre offices and fire the spare staff. I worry that EPO may be losing about -£10m every six months. It would take new management about 18 months to shut down the worst loss-maling customer contracts to cut revenue to say £20m and do the other ugly deeds.

So -£30m trading losses, add the one off --£15m restructuring, and it feels like -£45m latent losses. Would need £15m extra cash so £60m needed.

EPO has about £35m cash. £25m shortfall needs to be raised @3p. With 10 for 1 share consolidation. That 18 month rescue clock only starts when most of current board and management are axed. Very little value in this spiralling mess. And the mess-makers are still in control.

Maybe 3p per share restructuring round with new management. Worth 0p with existing management. Will go bust with inflated overheads and spiralling losses.

Overhang of dire news and many sellers on orderbook. No prospect of quality management in sight as institutions are still passive.

MANDATORY SELL @9p or anywhere near
All imho. Dyor.

silkstag
11/1/2018
12:44
Hey Silky, do you think you could do something with this business if it was offered to you for a £1 or would you rather not take the risk of losing £1?
sirrux
11/1/2018
12:27
...except for greatest CEO's, certainly not the ones who just want a paycheck. Apple and Ryanair were two turned around from death's door. This business is not dead but if it doesn't get it's act together it will be as the market keeps telling it.
sirrux
10/1/2018
11:12
The record -£12m loss in fy17, and belatedly admitted apparent stalling in fy18 revenue growth, trumps EPO's fake news cannon.
Wild fy18 and fy19 losses will crush the share price to 3p then a 10 for 1 share consolidation under new management to try to axe overheads and save part of the business. Is where EPO is heading.
MANDATORY SELL at 9.5p or anywhere near
All imho. Dyor

silkstag
10/1/2018
10:33
EPO struggled to get the banks on board with DLT via Ripple. Lot's of interest but no body willing to commit in a way that would significantly propel the business. Ripple are showing signs of having the same issue but are running with the wind in their sails. There's a billion dollar court case going on with the R3 consortium and if they don't settle quietly we may find out what's really going on here. If I were EPO i'd be on standby for any possible part in the final endgame which may involve an old world new world hybrid. They are very quiet on the subject which is no bad thing as the risk of creating hype and then not delivering on that is quite high here. The composition of EPO's management team also looks a bit old school for today's fast moving marketplace, but can be useful for bridging with the banks. If the new blood is of the same breed I'd fear for their prospects. The business is not dead but where it's going is anybody's guess.
sirrux
29/12/2017
11:44
H1fy17 reported -£3m interim loss. For flawed dirty EPO that was 'decent'. Will H1fy18 report -£9m loss? -£6m? -£12m?

It will be a multiple of the prior period interim loss. The market will hate it. Price correction down.

That horror news awaits holders in Jan or Feb 2018.

Management accounts will go round the Board by 15 Jan 2018. If it is a six month loss of -£10m or worse, panic may set in. There may be further Board and management resignations. Share price could crash down.

Cannot hire a competent CEO with wild losses but the loss-causers still in charge chosing their new poodle.

I wish readers of this thread a happy and prosperous new year. I believe that cannot happen if you hold EPO shares.

All imho. Dyor.

silkstag
20/12/2017
14:02
In this year 4 of 7 senior management bolted down the Earthtanic gangplank squealing. That was a lead indicator the hull is ripped open and icy water is filling the corridors. She will sink to 3p. Whether in 18 months a wholly new board could raise the Earthtanic from those icy depths, it is too soon to say. But her sinking to 3p is inevitable, followed by liquidation or massive reconstruction.
Adding a new crony CEO, approved by all current Board, is an irrelevant sham in say 4 months. Any credible CEO would demand most of the board is fired as a condition of appointment.
CFO must be fired immediately as he apparently colluded with inflated forecasts and late downgrades.
Audit committee must also be axed immediately. Huge overhang of latent filthy news.
H1fy18 loss will be worse in Earthtanic history, burning -2p of shareholder value in only 6 months trading. Then the market will digest the reality of another -6p in the next 18 months. Wild losses.
Average revenue per transaction falling -25% pa will also take its toll, decimating the infllated fy18 and fy19 forecasts.
STRONG SELL
All imho. Dyor

silkstag
19/12/2017
15:43
Agreed, wholesale change is necessary. If the regulators can bring a sledgehammer to their competitors running around like ants with $1bn+ valuations (based in funding rounds) that would help too. One excellent CEO will be better than two ex-bankers (in fact i get the impression that the remaing senior management is polluted with ex-bankers hankering for the easy days to come back) who will have little credability in the current market and will likely require guaranteed payments. In fact, may depress things further.
renixus1
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