Earthport Share Discussion Threads

[ssr23] 15/2/2018 10:59

Crypto - why are you obsessed by me holding CPI?

Let’s talk about EPO.

Revenue - DOWN - negative
Overhead - UP - negative
Cash burn - UP - negative
Gross margin DOWN - negative
EBITDA Loss - UP - negative

The trading update today is shocking. Nothing positive. 5p target by year end.

IMHO Dyor

[silkstag] 15/2/2018 10:50

Mugs being rogered like after July 2017 trading update which also concealed the wild loss. Mid march rns of h1fy18 interims are a backstop for a -5p correction. Will force downgrades to fy18 andd fy19. Imho. Dyor

[cryptotrade] 15/2/2018 10:28

SSR23, I really do not know how you can come here and say what you say, when you're happy to hold CPI, at a loss with more bad news to come. Get a grip mate.

[cryptotrade] 15/2/2018 10:26

Sulkman

You said on the 9th of Feb, post 14567 and I quote Silkstag

“Opening -5p down on 15 Feb at 7p will not be protected by Crypto's 10p stop loss. His buy at 9p will lose 2p. I will be amused!”

Looks like you’re not amused Sulkman and appear to be wrong. It didn't open -5p. Luckily I don't follow you like a lemming ;-) how wrong would you have been today, all those points raised and this as well.

Sack you, you lied and my short is not happening, but then again my stop loss has not kicked in either. Oh dear .

[cryptotrade] 15/2/2018 10:25

I’m disappointed in following the so called troll . Making all these predictions and forecasts, yet wrong. They said:

A)IMMINENT bloodbath on the 15 Feb. Odd, not happened.
B)Record loss, it didn’t happen. You said -9m.
C)Average revenue per transaction would fall, it didn’t, it rose.
D)Trading update was not great, troll said it would be. It was realistic.
E)It will be four times if it crashes on 15th Feb. It didn’t.
F) Be afraid, no one is.
G) H2 revenue up 8%.
H) Falling, stalled revenue, it’s not. Its rising but slower.
I) Was it the last day to sell in safety? Erm no it wasn’t.

The plunging icy water has gone, its sunny today, bright and sunny with a flow of water rising up above the depth of cold, butt planked doomsters. Predictions are important to trolls because they like dreaming. So lets see if this prediction happens.

Will close 10p or 9p today or tomorrow. Maybe worse.

By the end of the 16th Feb , like any CEO of BBs, will need to explain why they were wrong. Maybe we could sack him.

I had opened my short just for you , wanting -3p on RNS day.

[silkstag] 15/2/2018 09:24

H1fy18:
Turnover down from £16m h2fy17 to £15.4m h1fy18. Overheads up. Gross margin down. Cash -£6.4m burned in 6 months. Infer loss -£8m.
DISASTER. Need downgrade to fy18 and huge downgrade fy19. Losses out of control.
MANDATORY SELL
All imho. Dyor

[cryptotrade] 15/2/2018 09:13

Hi Sirrux,

I see the usual trolls popping up moaning and groaning like they have a stick up their laardeeedaarrr.

The facts are pretty clear though:

The share price fall from 27p to 8.2p means the bad new has been and gone. Can’t get much worse, after all, as I said to SSR23, they have not failed to settle their liabilities, or forward book revenue, or paid dividends at the expense of running the business properly. No chance, they are trying to make the business work.

I don’t think I’ll see my 5p, but I am hoping silkstag is right so I can get more on 9p or lower by the end of tomorrow.

I will hold silkstag to account on this , like anyone making promises. Silksdtag makes predictions like brokers forecasts, seems his predictions were wrong, maybe he is a broker who is no different and guesses.

The facts are:

Based on last years actuals on revenue, 14.3m revenue, its up 8%. It's up. Not falling or stalled.

Their average transaction value has risen, which is good news. So, again, not fallen -20% as predicted by troll.

Its possible they have listened to some and realised there is no point doing certain volume if its costing them more and more. Let someone other business have it. There is a lot of competition, so they MUST look to firefight the deals and get in there fast.

The future looks positive, its a question of usage, volume and the point today, trolls ignore on the DL space, is very key.

The emerging focus on new technologies such as distributed ledger highlights the strategic nature of Earthport's assets, which will be key to the ability of these technologies to provide delivery of cross-border payments. The first of our initiatives in distributed ledger is expected to go live with a global bank in this half.

We can guess who that may be, but leveraging Ripple, the banks and epos fiat bank accounts is key to growing. What you need is a nice strategic investment by ripple. They'll not get R3, so they may as well leverage EPO, who can help leverage their network and own client base.

I’m interested in their new CEO, if and when and their long term strategy. It will be interesting to see who takes the role and what their strategy is. I could think a good few companies who could buy earthport, cut some costs start making profit.

Overall, stable, but not huge growth.

One thing is clear, their revenue is enough to keep them operating and going. The extra cash was needed, but, they can invest as planned. They just need to focus on getting the right value from the business and not chase everything.

Everyone wants you if you're free. Say no, simple as that.

Hang on, THE WORLD DID NOT END TODAY. PLEASE SILKSTAG, 9P OR LOWER BY THE END OF TOMORROW SO MY SHORT WORKS FOR ME.

[sirrux] 15/2/2018 08:45

"The emerging focus on new technologies such as distributed ledger highlights the strategic nature of Earthport's assets, which will be key to the ability of these technologies to provide delivery of cross-border payments. The first of our initiatives in distributed ledger is expected to go live with a global bank in this half."I think this value is understated in the current price. If the right deal/CEO materialises to realise it we could go far north from here.

[cryptotrade] 15/2/2018 08:43

Oh no more buyers. Look silkstag. Hurry up I'm impatient. I want 5p.

[cryptotrade] 15/2/2018 08:08

Hey Sirrux, hope all good.

[cryptotrade] 15/2/2018 08:07

silkstag

Looks like


1) You said stalled at 16m. You needed to compare H1 not H2. Wrong.

2) You said 15m, it's just up over 13m. Wrong.

4) you said £2.30. Wrong it's £2.87.

Not the predicted end of the world.

[silkstag] 15/2/2018 07:58

Will close 10p or 9p today or tomorrow. Maybe worse. Chance to bail early? All imho. Dyor

[ssr23] 15/2/2018 07:52

“They are growing but need to grow more.”

Crypto - Ha ha. You are reading a different RNS than the rest of us.

They are not growing. Revenue has dropped by £0.6m since H2 2017.

[silkstag] 15/2/2018 07:47

When raising money tbey forecast fy18 £40m turnover. AFTER they downgraded to £34-36m. They need to downgrade again Imho! Dirty. Imho. Wheels come off. Imho

[cryptotrade] 15/2/2018 07:42

Ssr23 comparing H1 with H2 is silly.

[cryptotrade] 15/2/2018 07:41

Looks like

Silkstag you were not really right.

1) You said stalled at 16m. You needed to compare H1 not H2. Wrong.

2) Bye bye turnover growth, looks like no. You said 15m, it's just up over 13m. Wrong.

4) you said £2.30. Wrong it's £2.87.

Not the predicted end of the world. They have enough money to keep the business going. They are growing but need to grow more. It's not a dead business but it's got to grow. 8% is not hyper growth so it's all about how they move forward .

Not the end.

[ssr23] 15/2/2018 07:34

I do not read the accounts so positively. Revenue has decreased since H2 2017. H2-17 £16m H1-18 £15.4m. Gross margin decreased. Admin expenses continue to go up. Ebidta losses nearly double. Cash burn continues. They will make another big loss in 2018.

As expected not a great set of results. Good luck to those invested but I rate EPO a strong SELL.

[silkstag] 15/2/2018 07:33

Loss admitted mid March will be about -£8m in just 6 month period. Holy f!@k! Imho.

[sirrux] 15/2/2018 07:29

Yes, DLT nicely understated too but room for big things there. Silky was right about one thing, the date of the release! This has a feel of a holding statement doing what they must, the real news to come. Volumes today and tomorrow might tell more, we'll see.