Earthport Share Discussion Threads

[silkstag] 16/4/2018 11:59

Crooked Cronies Crushing value. Restructuring and refinancing @3p by Oct 2019 looks inevitable. Will slide from 10p to 3p in fits and starts as mugs are sucked into buying or holding based on lies and lower price. Fools catching the falling knife. All imho. Dyor.

[ssr23] 13/4/2018 14:43

What a mess. Uberoi is responsible for this train wreck. He still continues to get rewarded for his abysmal performance. It’s beggars belief how he is allowed to stay on.

SELL SELL SELL
All imho dyor.

[silkstag] 13/4/2018 14:10

Turnover declining (h1fy18 less than h2fy17), losses increasing, overheads increasing, cash decreasing (burned over £6m h1fy18), management share 'options' striking @0p increasing, 5 of 7 management departed in 14 months, competitors announcing new tech alternatives to EPO's 1997 gambling payout platform ...
MANDATORY SELL IMHO. DYOR

[cryptotrade] 12/4/2018 21:26

Sirrux,

hxxps://www.cryptoninjas.net/2018/04/12/santander-launches-first-mobile-app-for-global-payments-with-ripples-xcurrent/


Mentions the USA market.

[cryptotrade] 11/4/2018 18:32

Yawn. You sold CPI yet?

[ssr23] 11/4/2018 11:14

We were told India and South East Asia as the big growth areas for EPOO. They have failed as they have not been able to penetrate the market. In the meantime expenses have skyrocketed and the losses keeps mounting. Uberoi was never fit to be CEO. What a waste of investors money and the clown is still here supposedly the “rainmakerR21;. What has he done in the last three months? Sack him now.

All imho doyr.

Sell.

[ssr23] 09/4/2018 18:10

Uberoi and the board have been exposed. More big selling on the way??? 5p by year end.

SELL SELL SELL NOW before it’s too late.

All imho dyor.

[silkstag] 09/4/2018 16:40

1.4m shares sold @10.5p by 1 large overhang seller in the closing auction.

[ssr23] 05/4/2018 14:26

Agreed. These fools have been deceiving investors. They cannot be trusted. Today’s RNS is as filthy as a dogs bottom. Do not be thinking a director has bought a few shares so they must be doing ok. They have done this before and look where we are now. EPO is in trouble, continues to burn cash and the only beneficiaries so far has been the filthy board.


SELL SELL

All imho. Dyor.

[silkstag] 05/4/2018 11:04

Steinharter is paid c£300k pa cash and was granted millions of 'options' at 0p (not market price). In desperation to prop up their dirty and faulty regime, Uberoi/Hickman bully him into buying a paltry £15k of shares as if anyone would be impressed? Grubby fools! Another sell signal. All imho. Dyor.

[silkstag] 04/4/2018 14:19

Holders should take the 1.3m shares @10.5p while that buyer is still willing to pay such a high price. Slide back to 8p could gain pace imho. Dyor.

[silkstag] 04/4/2018 09:30

10m 0p share 'options' dilution in bin.

2.6m share 'options' granted with strike price 0p to Uberoi/Hickman. Dirty reward for failure. Price 0p is proof of zero confidence in share price. Proper companies with prospects grant options at market price (11p) not 0p, so management are only rewarded for growth above price at date of grant.

Uberoi/Hickman know there will not be any price growth and they will go down. So they insist on grant at 0p.

Further warning sign of expected business and share price failure.

MANDATORY SELL at 11p as heading for 3p. Could easily start sliding faster now.
All imho. Dyor

[silkstag] 03/4/2018 08:17

1) EPO losses spiral as the Board hiked overheads fy11 to fy17 with false expectations of turnover growth.

2) They hiked overheads in fy17 forecasting £55m turnover and +£20m profit. Actual after multiple downgrades was £30m turnover and -£12m loss.

3) Same cycle of Board desperation, delusion and lies to the stock market for fy18 and fy19.

4) H1fy18 turnover was below H2fy17. But the overheads keep rising in desperation to find new turnover, from lowball lossmaking contracts, further fuelling the Uberoi/Hickman cash BBQ.

5) Fy19 will NOT reach breakeven. Loss will be -£15m to -£20m.

6) 5 of 7 senior management gone in just over a year. The dire truth pushed them away.

7) Entire Board will be wiped out October 2019, disaster restructuring, terminating contracts signed and staff hired in fy16-fy19.

8) Refinancing @3p in October 2019. Over 90% of shares will be cancelled. Same investor genocide as 2005.

MANDATORY SELL @11p. 70% fall inevitable over 12-17 months.
All imho. Dyor.

[sirrux] 29/3/2018 23:24

Crypto could be on to something big here, they just posted openings for lots of tech jobs. They are clearly ramping up for something, don't know what but you don't hire like that unless clients / partners are driving it. I can easily see this jumping 40 - 60% on some news. I would say now that the new CEO will be from the tech side. They are in the midst of a makeover, hires in compliance, marketing and tech, definitely more than 10% of current HC, possibly as much as 20%.

[sirrux] 29/3/2018 16:08

If the new team consists of the people Silky refers to, it wouldn't take that long because you can find those people at the drop of hat - we'd be done by Dec/Jan. I think they are aiming for a big change but whether they will be successful or not is open to debate. The share price reflects the uncertainty although there is clearly a buyer keen at these prices, otherwise it would drift lower until an announcement.

[cryptotrade] 29/3/2018 16:00

Ssr23 do you hold CPI at a loss still.

Ironically the post you just made reflects CPI which you said us a great buy at £4 and £2. You've said when you made money , PFG, high incidentally gone back down to £6 odd quid, but you're not deciding to tell us if you still want CPI or sold at a loss. Maybe you too like being right all the time, no one ever is.

Honestly this is CPI


Cash burn continues. Growth stalled. Senior executives lefts in droves because they know this is a sinking ship. Awful interims. No drivers to push the share price upwards. It’s amazing even with all this bad news the share price has not crashed. Sometimes it’s delayed but it will come. All imho. Dyor.



Death only relates to your mind.

Simples.

[ssr23] 29/3/2018 15:53

Sack that useless Uberoi.

[ssr23] 29/3/2018 15:42

Cash burn continues.

Growth stalled.

Senior executives lefts in droves because they know this is a sinking ship.

Awful interims.

No drivers to push the share price upwards.

It’s amazing even with all this bad news the share price has not crashed. Sometimes it’s delayed but it will come.

All imho. Dyor.

[silkstag] 29/3/2018 15:17

In this death phase to refinancing @3p in October 2019, with Uberoi/Hickman still in charge (after 8 years of their failure), EPO can only hire beaurocrats, nest-featherers or sadistic equine necrofiles imho.

[sirrux] 29/3/2018 15:10

I know, although happy if they skirt quick mega deals as long as the long term focus is ok - we'll know if they are up to the job soon but there aren't many that can jump in like EPO can with all the compliance apart from the banks themselves.

We'll see what happens, the Japan deal was interesting because clearly JPM and others were coining it in there, really overcharging for simple services as the poor Japanese had little choice. If they can take a small slice of that it could actually be quite big for EPO.

Overall, this could easily become a £1bn+ business but it will take some clever moves - they've cleared the decks for the right team to get on board but not 100% sure which way it will go. I'll know as soon as the names are revealed to everyone and it will take me about 5 secs or less to decide.