Earthport Share Discussion Threads

[silkstag] 23/3/2018 08:47

Foolish for traders to be long at interim results on 27 March. Short looks sensible. All imho. Dyor

[silkstag] 23/3/2018 08:47

Ooh Sirrux, it is nearly dawn at EPO? Really? You dare to post that?

EPO Board forecast fy17 at +£20m profit on £55m turnover. After a few downgrades they asserted they were confident of passing breakeven and that was their number one focus. Fy17 actual was -£12m loss on £30m turnover.

Think about the scale and number of the Board's false dawn lies, just for fy17. Then remember the same false dawn lies were pumped out by the same CEO/Chairman combo every year from fy11-fy16.

I expect H1fy17 loss about -£7m. Ie way worse than h1fy16 -£3m. The wheels came off EPO in fy16, it bounced off the pavement then fully crashed in fy17. 4 of the 7 management jumped clear. Then a 5th (Uberoi's CFO navigator) was pushed.

The Board is lying about the damage but the fy18 losses will show it is a wreck and ablaze. You can object to the tone or the analogy. But only a fool would deny this is the truth.

MANDATORY SELL. Headibg for 3p in 11-17 months while wreck burns out.
All imho. Dyor

[cryptotrade] 23/3/2018 08:02

Who got hit? But yeah the licence news is big news.

[sirrux] 23/3/2018 07:58

We may be about to see a payback on the losses as a lot of money was spent by EPO on stepping up their AML controls. Just a thought.

[sirrux] 23/3/2018 07:55

I see a non-EPO payments business was hit with a $250 million speeding ticket for not having a money transmitters license. Clampdown has begun, others will likely be sweating today.

[cryptotrade] 22/3/2018 16:09

like I said, it OK to make mistakes.

Do you understand this is life as we know it or do you think one never makes a mistake and should always be right. A sign of denial.

Look, I accept your apology, its OK.

You keep talking to yourself, don't, you're in denial and serially depressively negative. Again, you'll get over it, push forward.

I accept your apology.

[silkstag] 22/3/2018 15:12

So EPO spent a lot of cash on this hubris licence apparently with no clients ie even bigger loss in h2fy18. Worse than -£15m for fy18? To go with the -£12m loss in fy17. Yikes! All imho. Dyor

[cryptotrade] 22/3/2018 13:56

Sirrux,

Looks good. Lots of positive news to come. I wonder if silkstags -5p will ever happen. If not, another lie and time to admit he was wrong.

[cryptotrade] 22/3/2018 13:55

Its Ok to make mistakes and admit you were ignorant. No problem, I'll accept your apology.

EPO stated they were applying for this some time ago. They got it which is great news.

So Dec 2017 note will improve things further. All good things.

- Several large existing clients are seeking to expand international corridors and offerings including a major banking client in the USA targeting over 1 million incremental transactions annually into Asia which started this month and will ramp up over the coming months.

[sirrux] 21/3/2018 13:40

Everyone ready for the blockbuster RNS next week? When do we think it will drop, Japan just a taster to whet the appetite. By Sunday, we might be looking at a couple of April fools! We'll see, whatever happens could be good either way.

[silkstag] 21/3/2018 09:59

The orderbook 1.36m shares buy bid @10.5p could be taken in the next 6 days in the run up to EPO admitting H1fy18 was its worst ever interim loss. I expect -£7m. If you are a bull trader maybe you should bank any profit in the charge from 8.25p? Maybe you should bear run some profit back down to 8p? Up to you. Order book feels like sell overhang; and past and impending filthy financials justify that.
SAVVY TRADER SELL at 11.5p.
Time to be short not long.
All imho. Dyor

[silkstag] 20/3/2018 16:34

So small in Japan that there is no RNS and not even RNS reach. Fake micro news. Desperate bulls, desperate for even fake micro news. Puts sharply into focus the absence of material customer wins in 2018. Square root of zilch. Wild losses for fy18 and fy19.
MANDATORY SELL @12p or anywhere near. Heading for 3p in 12-18 months
All imho. Dyor

[cryptotrade] 20/3/2018 13:20

Great wine Sirrux.

[sirrux] 20/3/2018 12:45

Masahiro Murashima, Senior Managing Executive Officer of Japan Post Bank said: "At Japan Post Bank, since January 2018 we began handling international remittances on the web and expanding the remittance destination mediated by Earthport to more countries and it is now possible to make full remittance to the payee account without deducting the intermediate fee. We are very pleased that strengthening the relationship with the Earthport team will lead to an improvement in convenience for our customers and an expected increase in the volume of transactions."


Big in Japan, I like the sound of that.

[sirrux] 20/3/2018 12:40

EPO expands? Well now. Thanks for quickly spotting that guys. Partly explains the hiring too, the wine is maturing well.

[ssr23] 20/3/2018 07:12

So Japan Post has expanded its relationship with EPO. Bank of America also did the same last year. It didn’t stop the rot. EPO made a whopping £12.6m loss. EPO’s business model is flawed and has not and will not make money.

Put your money elsewhere instead of this junk. Uberoi and the rest of the board are incompetent and useless.

SELL SELL SELL