Ripley94
18 Jan 2018
Re: Falling knife to 4p round Oct 19 14% rise today.
Ripley94
11 Jan 2018
Re: Falling knife to 4p round Oct 19 Topped up @ 8.9p .Been on a roll lately with other investments lets see if it continues .
Ripley94
18 Dec 2017
Re: Falling knife to 4p round Oct 19 Well Steve More proved correct in hindsight 31/10/17.Two RNS this morning down nearly 35 %.No comments on that site ( except the news in margin )I think that site can influence small AIM share prices .
CaptainMultibag
15 Dec 2017
Spiral to liquidation or rescue Oct 2019 at 4p From ADVFN:H2fy17 was a concealed -£9.2m loss. Business model secretly fell off a cliff which is why in truth Uberoi needed so much extra cash. Average revenue per transaction is crashing on average -25% pa since fy16. It was -35% in fy16. -15% in fy17. Uberoi is now desperately chasing volume from second and third world business so the unit price could fall even faster in fy18 and fy19. New management will terminate this dire loss-making extra turnover, shut the new offices, fire all the new staff; and relocate or fire existing central London admin staff. Massive restructuring cost in fy20. All paid for by existing holder 50% dilution in October 2019 round of 625m shares @4p with 1 for 10 share consolidation. Fy20 turnover will be cut (terminated clients) to about £20m to stem the wild trading losses. 1.25 billion shares @4p will be market cap £50m post Oct 19 round i.e. x2.5 fy20 restructured turnover. That valuation will be plenty high enough given the massive exceptional global restructuring loss of about -£15m. Maybe 4p is too high. EPO is hurtling down a rat-run with a flawed business model. Now slaughtering shareholder value by losing about -£1.7m every month. -£1.7m every month! Trust bust. Business model flawed. Burning £30m cash in fy18 and fy19 to sign turnover which will cost another £15m to terminate. £45m cash in bin i.e. -7p per share to delete from 14.5p share price =7.5p. Plus the 4p downgrade from slashing turnover in fy20. Target price Oct 2019 restructuring round is 3p to 4p. MANDATORY SELL at 14.5p or anywhere near. All imho. Dyor.
CaptainMultibag
14 Nov 2017
Falling knife 1-9 to 4p ADVFN:"EPO bought Baydonhill at a valuation of x1 turnover and it is wirth x1. Not the x4 implied market valuation. Management conceal the split of fx revenue for this reason but I estimate c£12m of the £30m in fy17. EPO must file the fx accounts at Companies House by 31 March 2018 and dirty EPO left it that late last year. Valuation correction is £12m x3 = £36m ie -6p per EPO share. In the unlikely event EPO recover all of the £5m it blundered, that woukd be worth +0.8p ps. Peanuts. The governance disaster of the blunder was the huge problem. The share price needs to fall -6p now for the fx valuation error. It could rise +0.8p if the unlikely insurance claim succeeds in full. Knife 1) This -6p fx price error is yet more downward pressure on the falling knife. Knife 2) H2fy17 loss rocketed to -£9.2m. And this disaster was concealed from the market until after the Oct 17 rescue round, in breach if AiM rule 11. Knife 3) Average revenue per transaction crashed -35% in fy16; another -15% in fy17; expect -20% in fy18. Knife 4) overheads will turbo-bluat from £26m to £35m in fy18. Knife 5) Dirty EPO management are busted for serially false forecasts and misleading the market with late downgrades and apparently deceitful trading statements concealing disasters. Knife 6) increased losses will lead to disaster restructuring under new management in 2 years. Round @4p and 10 for 1 share consolidation. Knife 7) Investor genocide. Again (2005 and 2010-17)! Knife 8) Massive seller overhang now breakeven lie is exposed. Knife 9) Confidence is broken. Rightly so. MANDATORY SELL imho. Dyor"
CaptainMultibag
06 Nov 2017
Re: Falling knife to 4p round Oct 19 Hello Ripley, I don't remember exactly when but the penny dropped that EPO forecasts were a pack of porkies. I was right. Sold at profit and delighted to have escaped.
Ripley94
01 Nov 2017
Re: Falling knife to 4p round Oct 19 Steve Moore ( on S.P ) blogged yesterday.RNS.. Private investor dilution .He wants to see more evidence before lifting it off bargepole list !!
Ripley94
31 Oct 2017
Re: Falling knife to 4p round Oct 19 Captain.I notice you only post on this bb . why the interest ?In 2015 you hit the buy sticker , but from then sell.What happened to you ?
CaptainMultibag
31 Oct 2017
Falling knife to 4p round Oct 19 Advfn summary:Fy17 actual loss of -£12m is worst in its dire history£32m below March 15 forecast of +£20m profitEPO share price is a falling knife to 4p Only fools are topping up.Expect eve-of-adminustration 625m shares @4p in Oct 19Imho. Dyor
Ripley94
31 Oct 2017
Re: Buyers coming back And i have just topped up again @ 18.25 p
Roger Baron
25 Oct 2017
Re: FY23 will follow FY17 disaster trend and now the Pru been buying too!
Roger Baron
24 Oct 2017
Re: FY23 will follow FY17 disaster trend And yet star fund manager Gervais Williams has recently been buying!.
CaptainMultibag
24 Oct 2017
FY23 will follow FY17 disaster trend from ADVFN:"March 2015 (reaching 2.25 years forward): EPO false forecast FY17: £55m turnover and £19.8m profit. Downgraded forecast FY17: £30.3m turnover and -£10m loss.£25m (45%) turnover miss and £30m (150%) profit miss. October 2017 (reaching 5.75 years forward): EPO false forecast FY23: 80m trans x £2.75 = £220m turnover and EBITDA £77m. SS honest forecast FY23: 40m trans x £1.12 = £45m turnover and EBITDA -£41m.£175m (80%) turnover miss and £118m (153%) EBITDA miss [=175m x65% + 45m x10%]. Need another disaster funding by October 2019. Massive dilution and downgrade. Turbo-bloated overheads from £26m to £35m pa. Sliding average transaction price. MANDATORY SELL All imho. Dyor"
CaptainMultibag
20 Oct 2017
Investors duped by false forecasts Did holders enjoy my predicted disaster 25% dilution? Meanwhile, From ADVFN:"FY15 series of late and massive downgrades to EPO market expectations: Feb 2014: +£1.1m profit Sep 2014: +£0.5m profit Mar 2015: -£2.3m loss Aug 2015: -£4.9m loss Sep 2015: -£8.9m loss FY16 series of late and massive downgrades to EPO market expectations: Sep 2014: +£7.5m profit Mar 2015: +£6.6m profit Aug 2015: -£0.5m loss Jan 2016: -£6.5m loss Mar 2016: PG abandon expectations! Aug 2016: -£9.5m loss [N+1] Oct 2016: -£8.2m, boosted by £8.2m unrealised FX gain FY17 series of late and massive downgrades to EPO market expectations: Jul 2015: +£19.8m profit Aug 2015: +£10m profit Jan 2016: -£2.7m loss Aug 2016: -£4.8m loss Oct 2017: -£9.5m loss Oct 2017: [await actual] FY18 series of late and massive downgrades to EPO market expectations: Jan 2016: +£6.0m profit Aug 2016: +£1.3m profit Oct 2017: -£17.1m loss [unreliable source: themirror on N+1] [SS expects multiple downgrades] FY19 series of late and massive downgrades to EPO market expectations: Oct 2017: -£4.2m loss [unreliable source: themirror on N+1] [SS expects -£10.8m multiple downgrades to -£15m] Now Spank Scubeori has switched the bloated £26m overheads onto turbo-bloat by an extra £7-10m pa to £33-36m pa, the losses will mushroom. After the usual multiple downgrades in only 2 years more funding will be needed. Another 50% downround would give 10p. It could be much worse. MANDATORY SELL. Protect your cash from the apparently crooked serial cash mollestors. all imho. dyor"
Roger Baron
05 Oct 2017
Re: Buyers coming back Pleased to be able to top up at 0.75p discount to the Open Offer price!
