Earthport Share Discussion Threads

[ssr23] 24/1/2018 08:29

Please explain how you think EPO is going to make money for you.

As I said a new CEO may give “hope.” Until he/she starts to deliver positive results then imho I cannot see how current model/strategy can deliver for shareholders.

EPO is burning cash and as someone forecast they will be needing a new fund raise in a couple of years time resulting in further dilution. This a very risky investment.

All imho dyor.

[madmonkflin] 24/1/2018 08:15

IMHO dyor computer says yes

[ssr23] 24/1/2018 08:07

Treasure?

Computer says NO.

Fundamentals point to further weakness going forward. A competent CEO may change fortunes, so lets wait and see, from the sidelines.

All imho dyor.

[lonetapaulo] 24/1/2018 08:04

It's bloody heavy to lift, but once up it's it's badababoom

[sirrux] 24/1/2018 08:02

A sinking ship, full of treasure ?

[ssr23] 24/1/2018 07:34

EPO - sinking

1. 2017 was the year they told us they would break even. Result - They made a huge loss of £12.6m.
2. They told us the fund raising was oversubscribed and was for expansion. It turns out it is for survival and there is little or no news on expansion since the fund raise.
3. CEO removed.
4. CFO going, presumably sacked.
5. At least four other senior executives have gone.

This is a sinking ship. STRONG SELL.

All imho dyor

[lonetapaulo] 23/1/2018 21:37

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[lonetapaulo] 23/1/2018 21:37

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[ssr23] 23/1/2018 19:49

Ese comentario es lamentable.

Lol.

[ssr23] 23/1/2018 19:44

Ese comentario es lamentable.

Lol.

[lonetapaulo] 23/1/2018 16:18

I am wondering this board is full of spanish, mexicans and italians with pasqs, paulos and lonetas.

[paulogant] 23/1/2018 15:59

Silkstag, not sure what your announcement was about Dear BB. Just how many people were there listening to your RNS aka ADVFN Post. Almost zilch. Maybe one is like a wannabe CEO, like a wannabe footballer, just never made it.

[paulogant] 23/1/2018 15:44

lonetapaulo, I like your insight as I do Pasq. Pasq, I think your view is a very valid one. Long term there are some good synergies.

I don't think my 5p target will come yet, so its 14p from here.

Mad, go for it.

All imhfo dyofr.

[ssr23] 23/1/2018 13:40

Earthport has not yet demonstrated it can make money. Infact since Jan 2001 it has accumulated losses of £152m and counting.

It’s business model is flawed and relies on huge volumes which they are unable to achieve. It will remain loss making especially as we are seeing big cracks appearing in the business. They have admitted to losing business with one client with a 5% loss in revenue. Earthport are not able to compete and in time they may lose a few more clients. If this happens it’s troubles will be exasperated and it will dig itself in a bigger hole that it cannot get out of.

A number of Senior executives who had huge share performance related bonuses left perhaps because they knew the targets required to get those bonuses are unachievable.

This is not a healthy business and those who buy into this or remain invested will continue to get shafted unless a new CEO comes in and completely changes the business model and strategy. Once it’s demonstrated the new strategy is working, only then punters should get excited and buy in. Investing now is at best a speculative punt.

All imhfo dyofr.

[madmonkflin] 23/1/2018 11:52

You can't help posting rubbish can you.

[madmonkflin] 23/1/2018 11:51

Same old rubbish

[lonetapaulo] 23/1/2018 11:43

Hi Pasq,

On the earthport front, I agree, someone would buy them 100%. Its not a question they are in trouble, they're not, but right now, they need to regroup, refocus and ensure they manage their costs in a way which allows the business to maintain some stable footing. Once they have that, its lift off.

Who knows, maybe right now, they are discussing the sale or merger with other larger entities or just some new blood CTO with crypto in them. One thing is certain, they have a business, they just need to ensure costs are not out of control. If they need to spend serious money to join the so called party, then maybe its best they are purchased because once its in the flow of money, it will be a huge cash cow.

Swift is a tricky one. Why would they change the structure of fees. Banks are like kids and dummies, they would have said no way. Who knows if they ill be able to catch up, but epo and their model will be for not just those who want to use just swift, but also those businesses who need to move chunks of money around, globally, immediately.

I just wish EPO received some XRP at the start, for working with Ripple. I'm watching the R3 court case to see what happens. At the end of the day R3 will probably get zilch and they should focus on doing what they want. Ripple should build their network of banks and that starts with earthport who I think is the only player offering this to them at the moment.

I expect another push up towards 12/14p soon.

Thanks for the heads up on bitstamp.

Thanks

[pasq] 23/1/2018 10:26

Hi lonetapaulo

I think there is a great deal of unrealised value in Earthport to the extent that if it got into financial difficulty I am sure there are many Fintech companies out there that would take action to support or acquire the company.
With regard to cryptocurrencies, I am no great advocate, I only have xrp, so if having done your own research and due diligence and still wish to invest, then one of the best exchanges is
hxxps://www.bitstamp.net
Security is always an issue in this tech world so be careful. Many people are put off because it isn't simple to invest. Stay secure as we are not all tech savvy and I include myself.
On the subject of Swift, in my initial research I could not understand how Ripple could try to take on such a well established system that is a co-operative of the banks. However, I soon realised that Swift had failed to innovate and that the more aggressive and innovation driven banks, particularly in the far east, are going to find ways to be more competitive than the traditional banks. These banks have it all to gain and Ripple/xrp is an obvious choice for them eg SBI in Japan. Swift is coming to the party far too late with gpi II to be able to catch up with Ripple, Stellar and R3.

[lonetapaulo] 23/1/2018 08:28

Hello Pasq,

A great insight. Unfortunately, there are some who have nothing but hatred and the demise of this company. Bitterness is at the forefront of their minds.

Back to business.

You raise some valid points, points which do suggest some serious synergies as Ripple move forward. Some of ripples news items have mentioned relationships to clients which earthport may have introduced. They are not taking any client away, however it does demonstrate the close relationship.

Taking this to one side, right now the company has some negative sentiment, some which is unjustified. As you rightly said, on little money compared to others, they've done well. They just now need to manage the next phase properly and if ripple sr serious, they could have their own mini banking network, up and running in no time.

I say, why replicate swift where banks all connect that's bank to bank transactions. What's the point, even if ripple is cheap. That's the old approach.

They can be the swift, however leverage epo, it's local bank accounts, in almost any currency, using ripple. Clients simply deposit the cash, xrp acts are the liquidity transaction to the other side to record the movement. Done.

Earthport won't be going bust as some predict, it has a future and in no time the low of 8.2p will be a distant past. Great time to buy.

Oh, if you have any suggested preferred routes to buying xrp, any advice here or via message would be appreciated.

[pasq] 22/1/2018 20:31

I have been watching Earthport since my first foray in to xrp. Never having been in banking or cryptocurrencies (though I prefer the term cryptographically secured digital asset for xrp)I have indeed spent many hours, days and probably months since last July researching Ripple, it's technology, the team (people are outstanding on all levels), the objective of cross border payments and it's product portfolio. I am only invested in xrp because of my now fundamental belief that Ripple, (and yes the coin too) will become one of the strongest blockchain companies to emerge from this nascent technology.
I could go on, but the reason for interjecting in to this forum is that I do believe that the future of the two companies is going to be very closely linked, and because there is generally a very scant knowledge of what blockchains are about with most people thinking of Bitcoin first - a great coin with a tarnished reputation from the silk road days. Ripple certainly has the financial resources to either assist or acquire Earthport,which despite the lack of funds, seems to have managed to make a serious impact around the globe and partnered with some major companies.
I wouldn't write off or dismiss either Ripple or xrp, nor do I recommend investing unless you have done a serious amount of research and convinced yourselves one way or another. It is high risk with huge returns, but I see the main returns being being in the medium to long term. Personally I like the successes that Earthport has achieved so far, but I think there will be much more to come either as an independent or as a merged entity with Ripple.
I am an investor in XRP, but have invested in the UK stocks over many years with some success and still am invested to a small extent. I am fortunate to have retired in my 50's but I needed a new direction, hence why I have had the time and money to research and invest in XRP.
I wish you guys well with Earthport - it deserves a great future one way or another