Earthport Share Discussion Threads

[sirrux] 26/1/2018 09:59

Possibly NDAs, but they were mentioned in Bloomberg this week and other places. It's old news, but keeps coming up. RipplePort on the horizon? That would be my dream deal but any deal indicating a potential for an upward trajectory would be gobbled up by a very hungry market. EPO were one of the first to give Ripple a chance when no one else would touch it.

[madmonkflin] 26/1/2018 09:57

Next news will be about appointment of CEO and CFO I believe and will be positives for the company. Looking forward to next update.
IMHO DYOFR

[madmonkflin] 26/1/2018 09:56

Silkstag - please cease derogatory remarks and defamation against the board of Earthport under all your aliases.
IMHO DYOFR

[ssr23] 26/1/2018 09:50

Earthport twitter account “silent” since 12 Dec. I wonder why?

[ssr23] 26/1/2018 09:02

Madmonk - The comments posted are opinions from both sides of the fence. They are just that. Don’t accuse people of lying when they are giving their honest view. You take an alternative view, that’s fine. You carry on posting what you think. There will be no complaints from me.

On every forum you will have people with differing opinions. Those views often change as new information is known about a company. I must admit I thought EPO had a chance in making money for shareholders. Up until the results rns, most metrics were in line with expectations. It’s only when the released the colossal loss figure when they were supposed to break even that I knew Uberoi and his cronies were giving a false optimistic view of the company when in reality it was the opposite. Big shareholders would have been very angry by this as they used those very optimistic forecasts to raise the new £25m. When Uberoi finally admitted that they would miss the H12018 revenue targets, big shareholders would have had enough of his “misrepresentation” and forced Uberoi to go. As far as I am concerned the job is half done. Uberoi has lost credibility after 7 year of losses under his leadership and he has to be removed completely from the company. This will hopefully come in time.

EPO may make a comeback under a new CEO. However, this is not going to come any time soon and so I cannot see how the share price can go up from here. It could tank even further when we know just how bad the H1 figures are. My guess is it’s REALLY BAD. It’s must be because why else would the CEO be moved and the CFO step down (presumably sacked.) The market has taken the view EPO will continue to make losses for the foreseeable future. Uberoi’s forecast of break even in 2019 cannot be trusted after so many missed targets in his 7 years in charge.

For these reasons I rate EPO a STRONG SELL.

All imho. Dyor. Gla.

[silkstag] 26/1/2018 08:54

About 7am Wed 31 Jan we will learn or infer the horror of EPO's H1fy18. I expect:
1) Turnover growth stalled at c£16.5m. It was £16m in H2fy17. Market positioning failed.
2) October 2017 fundraising huge growth forecasts were appatently fraudulent. Management are apparently crooks. Board governance failed.
3) Deceived investors @20p may be entitled to return of their £25m or £15m damages. Huge risk not factored into share price.
4) Loss is not 50% of the false -£12.5m fy18 forecast cited on LSE. Loss is -£9m. Fy18 will be -£20m. Business model crashed in fy17 and apparently crooked management covered it up to con the £25m @20p investors.
5) Overheads expanded from obese £13m in h2fy17 to morbidly obese £16m. This extra cost burns cash and will have to be axed. Bungling.
6) Average revenue per transaction crashed another -10%. Exposing another apparent fraud in the fundraising forecasts for fy21 which targeted £2.25-3.25; impossible with the continuous crashes on the price slide travellator. EPO missed its window and must slaughter its overheads, not turbo-bloat them.
7) Holders, management and NXDs will fear Administration. EPO could easily collapse in an apparently fraudulent mess in 12-18 months.
8) Savvy to squeal down the gangplank now. 4 of 7 senior management quit in the past year for this reason. 5 now with dirty CFO binned. More will follow.
9) Earthtanic hull is further ripped open. More icy water in corridors. Lurching and sinking into the icy depths of investor genocide.. 2005 all over again.

MANDATORY SELL. Heading for 3p, 10 for 1 share consolidation, delisting and/or Administration.

This is what I expect. Others may disagree. Let's see if I am 9/10 right again. Or not. All imho. Dyor.

[silkstag] 26/1/2018 08:27

Mad, your post 14343 is false, bullying and defamatory. Please cease such misconduct. Thank you.

[silkstag] 25/1/2018 16:28

3 trading days before EPO admits h1fy18 was another disaster, typical dirty obese bungling 6 months. We had the pump. Here comes the dump. imho. Dyor

[ssr23] 25/1/2018 15:42

The sellers are back. Today’s sell v buy’s @ 15.26

Volume Sold 196,750
Volume Bought 58,456

And returned to low volumes.

Imho dyor

[ssr23] 25/1/2018 15:11

When you Comparethemarket.com or Comparethemeetkat.com

Same result. EPO is at the bottom of the list. Very few wants its services. Total FAIL.

Whilst Hank Uberoi is at EPO, it can never be trusted. Useless. incompetent. Was never fit to be ceo.

Strong SELL. Simples.

Imho dyor.

[silkstag] 25/1/2018 14:09

Why is EPO failing? In a risk-averse bulk admin outsourcing business it needs to clean, lean and efficient. EPO is dirty (false forecasts, late downgrades), morbidly obese (£26m overheads and rising) and bungling (£5m loss in 1 fx blunder, CEO and chairman just swapped jobs). Triple fail. Doomed. Simples!
MANDATORY MEERKAT SELL
All Imho. Dyor

[lonetapaulo] 25/1/2018 12:49

Sirrux,

The CEO in Stripe is linked to Stellar.

[sirrux] 25/1/2018 12:27

Potential acquirers have big tax headaches, particularly ripple. However the tax treatment is not clear on their ripple revenues which run into the hundreds of millions and potentially billions and are generated globally.

[ssr23] 25/1/2018 12:21

isaready and tradingworld? Where are you guys? Or are you still posting as new aliases? Maybe the two paulo’s are them??

[silkstag] 25/1/2018 12:20

Madmonkflin you post 14331 is false and defamatory. Please cease and desist from such misconduct. Thank you.

[silkstag] 25/1/2018 12:17

Sirrux, EPO UK tax losses can only be carried forward to use against UK profits made by the same trade. EPO will never make a profit so no economic value. Plausible punt by you but a red herring imho. All the ripple posts are also a red herring.EPO is just a badly run admin outsourcing business. No-one further up the food chain would even think twice about buying this loss-making dirty dog. Fiction.
Just wildly over valued, which will be crash corrected as losses, stalled turnover, falling metrics etc sink the Earthtanic further toward Administration or mass sacking and restructuring in 12-18 months.
MANDATORY SELL as an investor. Flawed pass the parcel punt as a trader due to the -40% crash risk in one day.
All imho. Dyor

[sirrux] 25/1/2018 12:15

Funny, stellar yesterday announces a 'maybe' deal with an EPO client, stripe, and cops a 1bn or so uplift. That'll cover the price for EPO many times over, they could get a cost effective fiat link service that would appeal to the masses.

[madmonkflin] 25/1/2018 12:12

As long as they don't pay attention to your twisted lies

[lonetapaulo] 25/1/2018 10:11

Sad indeed. You make a valid point though Paulo.

Is Silkstag CaptainMultibag on iii?
Is SSR23 Silkstag?

Odd indeed.

Anyway back to the some discussion.

Sirrux how's the volcano getting on? What do you think, this afternoon or maybe tomorrow we'll get some more volume?

[paulogant] 25/1/2018 09:24

It's pretty sad when silkstag constantly complains to advfn about a post and asks the post to be removed.

Clause 11.

Let's look back and ask why you asked it to be removed silkstag?

Was it because it was the truth? You bring captainmultibag on iii?
Was it because you do have triple alias?
Was it because your mental. ?

Shall I report the post you made towards me. I tell you what, yeah, let's just do it.

You say, don't post more than once. Why is it you are allowed to do posts , identical posts multiple times and what, I'm not. It's a contradiction. I've got a few samples waiting.

By the way you're filtered. So don't bother engaging I'm not interested in discussing anything other than asking questions which imply potential deceit from a poster.

This is an open board. Power to who, you, me., Nope it's to all.

Grow up. I sleep at night. Bitterness is getting you nowhere.

[ssr23] 25/1/2018 08:31

When there is a turnaround plan which shows EPO can compete and make money then confidence may return. Until then it will be more of the same.

Yes it’s tue they have increased revenue but at the same time they have increased losses and continue to burn cash. This is not a viable business and has only stayed solvent because the II’s have bailed them out with the recent £25m fund raise.

They are struggling to get new business which the company acknowledged in the results rns. The model relies on huge volumes. They are not able to generate enough new business from existing or new clients and thus it is doomed. The mass resignations of senior staff is proof of this. The only hope is new management, new business model and strategy.

PI’s often get duped by these people making them thinks they can make money. In reality PI’s end up losing and the main beneficiaries are the CEO’s and their cronies even when the business fails. Whilst shareholders are sitting on huge losses these people are still getting paid or getting golden handshakes for being useless.

EPO has never made money. There is no evidence that this is about to change and the current sp, even with the recent tick up, is telling you that the company is in real trouble and those buying in or staying invested is carrying huge risk.

These are my opinion of the company. Do your own research.

[paulogant] 25/1/2018 08:08

I expect some continued buying over the next 4 working days. Decent buys and couple with some decent news even if it's later will make some difference.

Sirrux,

I'm not sure if they've lost their way. Way back in 2010 they were in a situation where there turnover was a million or so, maybe a bit more.

Up until that point from 2005, they never managed to grow much. They were early, clients came along offering to sign up there ewallet service, not clearly, however, earthport took the risk in developing, integrating it all in promises made by the client about volume. They spent money on the clients promise.

2007 saw a move away from this and a focus on clearing funds, after all they had the network. They had revenue, but at some point Hank removed non strategic clients, fair enough moving into 2010 onwards.

They've grown but I suspect Hank thinks he's one of the fintechs with endless cash. They're not.

What they can't do is spend endless amounts of money funding these integrations. That's a mistake. Some clients can, should pay fees for this, if it's s large client. If they can't deliver volume you're wasting your time. They need minimum on volume or service fees.

In a nutshell stop blowing money, taking risks with a ROI of maybe two years.

It's not time to cement their service, secure the volume, and drive the business forward.

Though it's been around for a long time, it's part of the business from when Hank took over has been new. They just need not be too heavy. They need a slick structure, like a start up to get on.