CaptainMultibag
18 Mar 2015
loss exploded to -£5.4m Loss in previous entire year was -£6.3mepo has fallen off a cliff.Loss exploded to -£5.4m in just this inter 6 months.Collapse of business essential model due to fixed costs explosion. Management knew costs hiked during fund raising so knew massive liss on the way. But when round closed 18 September they left a 0.5m profit expectation in the market. That looks like being £11m out for the full year. Thus looks like fundraising deceit. Aim rules and law broken.loyal investors need to think about what management have done here.Do you think they are honest or not?Obvious answer.Get out before thus failed company crashes 85% again just like it did in 2009 when market realised management had misled the market.Imho. Dyor calmly. Then Save yourself imho.
Roger Baron
10 Mar 2015
Re: 40p will be hit again and breached Well of course he was not able to sell any for 43p yesterday, the price was lower than that.You can easily buy or sell 50,000 at the moment if you stick to the market price.Thanks again though for trying to save us from ourselves.
CaptainMultibag
10 Mar 2015
40p will be hit again and breached From ADVFN today: "There are only 17,000 in total of LSE visible buyers above 40p. Yesterday a seller showed 50,000 (likely an iceberg with a large multiple of that) at 43p and was unable to sell anything. The other multiple sellers are also waiting for some buying size for them to sell into. There will not be any. 40p will be tested again. The reason why no one will pay up is that the valuation metrics are grossly inflated. The consulting and admin part of EPO's business is worth x1 turnover. EPO bought the admin £5m of its turnover (Baydonhill) for about £5m. The implicit valuation of the transaction processing business is about 40x turnover (or more). That should be historic turnover x10 max if it is growing x2-3 pa. 75% price crash required to correct this anomaly. Just like EPO's 85% crash in 2009-10 when it was puffed up having misled the market. EPO has since issued x5 shares and that massive dilution far more than offsets the revenue growth in transaction processing revenue. STRONG SELL as a trader and as an investor. EPO is a portfolio wrecker. imho"I would add that the sales director bailed from the EPO board unexpectedly on 3 March, he has 2.65m option shares to sell banking his profit above 13p. There is little more dangerous than an ex sales director bailing in a hurry as he knows exactly what is really going on in the sales function - often more so than the CEO.STRONG SELL. IMHO!
loadsadough
19 Feb 2015
Re: Today Thanks every one, I am slowly getting better.Loadsadough
TheFall
19 Feb 2015
Re: no closer to breakeven Why do you keep pretending to not be SS? Have a laugh SS/CM?
TheFall
19 Feb 2015
Re: Today Get well soon, sorry to hear of your troubles
TheFall
19 Feb 2015
Re: Staggering funding in a related biz Its a growing market indeed
CaptainMultibag
18 Feb 2015
no closer to breakeven Epo bouught turnover with baydonhill but got the same cost so no closer to breakeven.Epo grew consultancy fees but hiked headcount so no progress there.Epo is only making optical progress through sleight of hand.My view won't change until management truly add value.They lied about profit to raise funds. They are not the only crooks on aim but crooks they areThe valuation debate will end in tears for fools who bought in at 10x turnover when most of epo revenue is admin or consultancy so will only ever be worth 1x revenue. Epo can't grow it's way out of that flaw. Investors are doomed as falling 80% is just a correction and does not need Ny other bad event. Same as monitored crash.Ss calls this a ponzi scheme. Keep pretending it is going well but then 80% fall and fools don't know why. Well it was never worth more than 11p.Dyor and have a serious think about the risk reward equation of this scheme.
Buffettsluvchild
18 Feb 2015
Staggering funding in a related biz Clearly there is ever increasing desire in the online payments sector. There is a lot of noise around World Remit who are looking at international transfers and streamlining costs/efficiencies. I was an early investor in monitise and sold before the huge retrace, these biz plans are all so tantalising and big on hype, now they need to prove endurance and dare I say monetisation...or sale to a big credit card or traditional bank. All just thoughts. Extract below if you haven't seen this company:-It’s another whopping great plume of feathers in the London fintech scene’s already well-adorned cap.Money transfer service WorldRemit announced today that it’s raised a staggering $100m in Series B funding, led by Technology Crossover Ventures.That follows the $40m that WorldRemit raised in March last year in a series A round led by Accel Partners, which also participated in this new round.And WorldRemit isn’t even five years old.The London-based company was founded in 2010 by Dr Ismail Ahmed, who had previously been a compliance advisor to the United Nations and who has two decades of experience in money transfer, both academic and commercial. He holds a MSc and PhD from the University of London and an Executive MBA from London Business School.WorldRemit lets users transfer money internationally, and its services span mobile money transfers and digital wallets (meaning you don’t need a bank account to send or receive money).Today, WorldRemit has more than 150 staff and is available to money-senders in 50 countries. A further 67 countries are able to receive funds, taking its total international presence to 117 countries. It processes 250,000 transfers every month.It has offices in the US, Australia and (as of December 2014) Canada.We talked to founder and CEO Ismail Ahmed a couple of weeks ago, ahead of today’s announcement, about how he’s grown the business, the future of mobile money and of London’s fintech scene, and how you go about fundraising at this level.BUSINESS MODEL & THE COMPETITIONTalk me through your business model, in layman’s terms…WorldRemit enables customers to send money online by several methods, namely cash pick-up, bank transfer, mobile money and airtime top-up.As an online business, we are able to remove much of the inefficiency and expense associated with the traditional bricks-and-mortar model of money transfers and provide our customers with increased convenience.Our business model is to charge customers a small fee for each transaction.How do you manage to offer lower fees than some other remittance services?Sending money abroad needn’t be expensive. The major companies have been charging high fees simply because they can. They have exclusivity agreements with banks and agents in some countries and there has been a lack of competition in the market.Is it true you offer digital remittances to twice as many countries as Western Union and MoneyGram? If so, how have you managed to create a larger market than those much more established companies?Our focus has been digital from day one, so we have been able to establish ourselves as leaders in this area, with customers able to send from 50 countries to over 110 countries.contrast, Western Union and MoneyGram have enjoyed a profitable offline existence for many years, so becoming digitally savvy requires a significant strategic adjustment for them.
Roger Baron
18 Feb 2015
Re: Today Hope your health soon improves Loadsa'
BurglarBill
18 Feb 2015
Re: Today Best wishes to you loadsdough.Have to say I'm now out, agree with Multibag the valuation is too high. BB
loadsadough
18 Feb 2015
Re: Today Hello GN, and CSInternational payments firm Earthport (EPO) believes that revenues for the six months ended 31st December were around 8.7 million pounds, more than double those in the first half of the year as the company won new customers and expanded into new countries. More than 30 clients are contracted but have yet to go live, meaning that significant growth potential remains for the immediate future. The shares inched up by 1.75p to 43.75p.I just found that in my emailsI am not doing too well at the moments, but glad I am still ok. My operation allowed infection into my brain, and I spent from July until November until I became batter. I had to work had at the stocks to update myself. We never know who will come out OK, but I have also done a few Westminster WSG to see how they work out. During my black out I had some strage dreams. As first I did not know who I was, or ware I lived. It a lot better now I now know who I am. . Good luck to EPO God luck.Loadsadough
Global Nomad
17 Feb 2015
Re: Today hi loadsa, hope your recovery is making good progress. hoep you remember stans guidance.I looked at the 2 year chart which looks somehow more intersting than the one year.
Chip_Scashtin
17 Feb 2015
Re: Today Sorry to hear you have been ill, Loads. Your spelling is better than most, and the brain still seems to be functioning, EPO is a wonderfully tantalising story, but does seem to be progressing. Multibag is always with us.
loadsadough
17 Feb 2015
Today Today EPO has put out a decent report, and drifted up. The chart is below. I can see that the SP has more or less stayed in its place for some time. Its still OK refering to the 50, and 200 day averages. It looks like it will hold the line, but make a recovery in the future. Some like it, some don't. I still like it, and today I have put in a small amount to see how it goes.CM Is still puting out negatives. How long has that been going on? It was going on last year, July.Excuse my spelling I have had a brain problem, and spent 4.5 months in hospital last year with water/blood on the brain.. It will take a long while to repair. I have a tube from my head to my bottom tummy. Have a good day every one. Just be patient.Loadsadough
