Earthport Share Discussion Threads

[silkstag] 26/1/2018 16:50

The enormous scale, repetition and lateness of admitting the shortfalls are the basis for concluding management dishonesty imho. Dyor

[sirrux] 26/1/2018 16:49

...there's another complex issue to consider regarding the bases for the forecasts and whether EPO were led into believing they had commitments but ultimately faced resistence. There are forces out there that would not want to see EPO flourish, I'm quite sure of it. Does anyone have any thoughts on that?

[sirrux] 26/1/2018 16:10

All forecasts are bound to be wrong, it's a mistake to forecast as you set yourself up for a fall, too many moving parts. If you hit forecasts, the question should be are you a madoff? Now there's another point about lying and if you think there's a lie and have suffered a loss as a result then that should be taken up with the FCA or directly with the company.

[paulogant] 26/1/2018 16:00

Did you not realise Sirrux, they don't believe in people thinking for themselves.

[sirrux] 26/1/2018 15:56

Thanks for the conditional buy recommendation, but I'll make my own mind up! I am still not sure if it's dangerous enough, I've seen a lot scarier.

[sirrux] 26/1/2018 14:27

Agreed, lots of fear about - that's what attracts me. I can handle it.

[ssr23] 26/1/2018 14:20

If and when the II’s decides to pull the plug, watch the sp!!!!

The fate of this company will be decided by them. They will not continue to pump money into a company, which after 7 years under Uberoi, is still burning their cash.

This indeed is a very very risky trade.

All imho dyor.

[sirrux] 26/1/2018 14:19

Tumbleweed time, does anyone know if the next announcement (with results) will just drop or is there a set date? Perhaps FIs with high customer ratings are the future, who knows. People have had enough of being scammed for profit (HC is currently choc-a-bloc with cases), look at the carnage post financial crisis and it looks like they got off lightly (except for the investors) so may actually do it again! If I could find an investable FI with a high customer rating (with growth and profits) I would jump on it, maybe EPO will become one or succumb to the forces who would prefer they don't.

[ssr23] 26/1/2018 13:52

Paulogant - you can see everything we have written. Just because you filtered us does not mean you can’t see our posts. All you have do is come to the site without logging in and it’s there. 🤡🤡🤡

[paulogant] 26/1/2018 13:46

Hi Sirrux,

You've made some good points, but as you have said. The update needs to include some indicator on progress for a CEO or strategic update. They have a good flowing business, simple as that, but if they show they are going to focus on growth, but also manage costs in the right way, then it will be boom.

Its a new CEO or a strategic buy from someone. They have everything there now for the readies.

Not sure what is being said, but I can imagine. I'll post this once, but you never know, if i get cheeky I may do it twice.. Oooh.

ssr23 26 Jan '18 - 13:29 - 14360 of 14362 (Filtered)
SilkStag 26 Jan '18 - 13:31 - 14361 of 14362 (Filtered)

[sirrux] 26/1/2018 13:33

Thanks for that, anyone else?

[silkstag] 26/1/2018 13:31

£150m losses are only available to offset UK profits in the SAME trade. If a profitable UK payments company was willing to buy EPO, sacking all management to avoid the apparent fraud association, terminate the worst loss-making contracts, then the value of tax losses could be £6m ie 1p per share in the deal. Assumes 20% tax rate; discounted for time value 50%. Buyer paying 40% of full value ie almost splitting it. This is NOT material.
Any buyer would worry that if it's deep pockets bought EPO then a tsunami of investor fraud claims could be made against EPO post acquisition. That could be £50m plus costs plus say £10m interest ie 10p per share clains against EPO.
So the -ve risk of investor fraud claims is about x10 the +ve value of uk tax losses.
That's if a profitable UK payments company wished to but EPO - which does not exist.
The bigger issue is that buying dirty EPO would damage the buyer's own valuable brand. That is a hit no buyer board would be willing to take.
Better to buy IT and cherry pick contracts from an Administrator of EPO.
No value to EPO shareholders but would save some admin jobs and maybe pay sundry trade creditors 50p in £.
But not the investors who may wish to sue for potential fraudulent misrepresentation. They need to act fast or their cash will be burned by Hank and their chance for recovery will be lost.
EPO is holed below the waterline and sinking fast.
MANDATORY SELL before slide to 3p and Administration
All imho. Dyor

[ssr23] 26/1/2018 13:29

Madmad - please explain how the opposite is going happen.

How many new meaningful contracts have they signed in the last year? There’s no new business and there’s not enough coming from existing customers.

Where is their competitive advantage? With each transaction they continue to lose money.

They are supposedly expanding yet have not demonstrated their business model works. More expense means more losses. Uberoi is our of his depth and should have been removed a long time ago.

Earthport is sinking. Jump ship or carry the risk of drowning.


Aimho dyor.

[sirrux] 26/1/2018 13:18

The usual score I see on TP for FIs is in the 1 to 3 range, so they are a bit of an outlier. In fact, if anyone can find an FI with a higher score I'd like to know about it.

[sirrux] 26/1/2018 13:11

Aside from the losses and potential tax benefits for a deep pockected suitor, what are the other good points about this business? The reviews on trustpilot indicate happy customers. Has anyone tried any part of the service?hTTps://uk.trustpilot.com/review/www.earthport-fx.comI would rather the share price went down rather than from 8p to 11p prior to the next update, but keen to learn more.

[ssr23] 26/1/2018 11:38

“His growing dirty reputation will REDUCE turnover prospects as they avoid the brand association risk.”

The damage is done.

When a potential new client sees the 7 Years of losses, possible misleading of the market, they will not want any association with Uberoi. This is why the board must take action and remove him completely, other wise it will be more of the same.

I, of course cannot be certain, however if you analyse the events of the last 4 months you have to conclude the H1 results will be far worse than even the latest downgrade.

All imho dyor.

[sirrux] 26/1/2018 11:33

Here's what the company says. Hank's job is to "to take direct responsibility for developing wider strategic, commercial and investment initiatives and partnerships." What one takes from that is their own business.

[lonetapaulo] 26/1/2018 11:31

Thanks Sirrux. Yes I just looked.

[sirrux] 26/1/2018 10:53

Possible NDAs in place for "leveraging its existing infrastructure in partnership with deep pocketed strategic partners to capture larger scale outsourcing opportunities with global banks." as per the Dec RNS. I am sure others will claim its a lie but we should know soon if they've got anything here. I believe it's Hank's sole focus.

[lonetapaulo] 26/1/2018 10:33

Sirrux, Mad,

hxxps://www.bitsonline.com/banks-ripple-testing/


Sirrux, what are you referring to , NDA for what?