CaptainMultibag
28 Apr 2016
Beware Dump after Pump ADVFN:"Arf, you raise a savvy point. If a driver leaves keys in the ignition while popping into a shop, the insurer will refuse to payout for theft. If EPO breached agreed procedures then its insurers will refuse to payout (even if it is covered which is not clear as it may depend on proving who committed the alleged crime). EPO share price pumping around its 9 September 2015 porkies day fell back quite fast as once institutions stop supporting then vapour will not maintain fake gains. A lot of the buys will have been traders betting on the porkies pump, who of course will dump when it changes direction. There is no upside for investors in these vapour pumps, just high risk trading. EPO missed its September 2014 fundraising forecast profit (and approx year end cash balances) for fy15 by -£9.2m and is on track to miss fy16 by -£25.6m. Total miss -£34.8m. It also missed funding forecasts in previous years by absurd amounts. And they failed to downgrade when they knew they were falling far short, in breach of AiM rules. Thus this management team has a proven track record of serial fraudulent misrepresentation and misleading the market on expectations, especially when fundraising. EPO will raise funds before signing the accounts in autumn, so any reader who says they can safely rely on management forecasts today is crooked or stupid or both. Like the previous investors who did rely in the past e.g. Sept 14, you will lose a high percentage of your cash. What is rough, is that high loss percentage is already dead the second you invest. The serial downgrades are certain as is the price crash that goes with them. EPO porkies pump day in March 2015 said they had already passed breakeven. Then came the downgrades and a -£9.2m fy15 loss. They are lying about breakeven now, as they have done before. Disaster funding rounds @4p, massive dilution and 1 for 7 share consolidation are on the way. Management and board changes overdue. Management death spiral. MAYBE LAST SELL OPPORTUNITY AT GROSSLY INFLATED SHARE PRICE. LARGE LOSS PERECENTAGE ALREADY HIDDEN IN SHARE PRICE SO INEVITABLE. all imho"DYOR carefully. Very high risk catching a falling knife from a failing company.
Roundish
18 Apr 2016
Time to prosper The journey of EPO has not been without its trials - but they didn't pick an easy business to enter.Further, the recent loss of £5m from a potential corporate fraud in its FX subsidiary is of course very disappointing. Banking and the occasional fraud - who would have guessed?However, the simple reality is that these guys are growing the top line, adding new customers and building "sticky" transactional revenues that in due course, will produce very strong returns as the volumes grow.This share has not been one for the faint of heart, however, it does have substantial potential and at the current price looks to be a reasonable punt. They have enough cash to continue this global growth strategy and so long as they keep increasing the top line and lock out the risk through improving their systems, I suspect that they will also be able to raise further finance if needs be in the future to remove the doubting Tom's.At this price, I think this could easily be a 10X return in 3 years (so long as they improve their risk management). Good luck.
CaptainMultibag
08 Apr 2016
Target 4p and 1 for 7 consolidation From ADVFN:"On 21 March 2016 EPO was forced to stop concealing the scale of its losses. It is so bad that no number was published, instead PG abandoned its already thrice downgraded FY16 expectation: 1) from £7.5m profit to -£0.5m loss to -£6.5m loss to -£11.5m loss to 'much worse, we give up on these crooks (for now or forever tbc)'. The market as a whole does not realise: 2) FY16 will be -£18m loss [-£25.5m below Sept-14 fundraising forecast]. 3) EPO needs to raise disaster cash to sign the accounts. 4) PG may resign as broker or nomad thus adding 150,000,000 shares to the seller overhang. 5) On 21 March the market learned H1-16 turnover £10.6m so only +4% from previous half year. Growth almost stalled. 6) This third EPO management team has failed so needs to be fired. Next turnaround round @4p with 1 for 7 share consolidation to slaughter holders. 7) Parts of EPO will have to be shut down so turnover will go down post rescue and there will be multi-million pound restructuring, redundancy and office closure costs to unwind current management delusion, hubris and profligacy. 8) EPO does outsourced admin. Needs to be honest, lean and humble. 0/3 score. Posts alleging 'expanding' and 'functioning' are absurd. Current management are in a death spiral. Items 1-8 are hugely more serious than the £5m fx governance blunder, some is partly priced in, most is not. Slide to 4p will price it in. MANDATORY SELL AT 15P OR ANYWHERE NEAR. ALL IMHO"
Ripley94
08 Apr 2016
Re: epitaph He last posted on site 30 Oct 13.Was a De-ramper here.Was a bull on ETO. EROS AND DQE ( Tipped Jan 12 )
Ripley94
08 Apr 2016
Re: Buyers coming back Share prophets ( Steve more ) bargepole @ 16.75....... 22 march 2016.
Roger Baron
30 Mar 2016
Re: Sinking Earthtanic Not sure how management are being rewarded at all, if everything else you write is correct then the options aren't likely to be ever worth much are they?Strange a director being so foolish to buy all those share too!
CaptainMultibag
29 Mar 2016
Sinking Earthtanic Bad news overhang cited at ADVFN this afternoon:"Expectation extracts from a shareholder bulletin this afternoon: 1) Panmure to resign as joint broker and resign as Nomad 2) fy16 loss after tax -£18m]. Of which -£5m is the Baydonhill FX blunder 3) fy16 turnover £22.5m [+17%. Too low to support market valuation] 4) Block of new share options to reward management for failure [vile] 5) Cash 1-1-16 was £24m. Deduct £5m for blunder. time to sign full year accounts in Oct/Nov, EPO will burn £1.1m x 10 = £11m. So cash left will be 24 - 5 - 11 = £8m. That is not enough to fund EPO for 12 months (need £13m) so EPO will need a funding round in autumn 2016 to sign off the accounts as a going concern. ... It would be no surprise to see EPO retreat to its 2010 turnaround price of 10p ... confidence in EPO is busted so we expect failure ... expect the price slide to continue, especially when the market works out that a disaster funding round is likely required due to outrageous trading losses and a £5m governance blunder." BAIL OR DROWN ANOTHER 10.25p down to 7p. Up to you. All imho and DYOR."
Cmintball
29 Mar 2016
director buy. Makes a nice change to see a director buying shares with their own money. It does inspire confidence in the company.
Ripley94
21 Mar 2016
Re: Buyers coming back RNS @ 7amTopped @ 17 ...other buys around this.
Valuespotter
29 Feb 2016
Buyers coming back Some large trades reported late this afternoon. No surprise if we open higher tomorrow. Volume Value16:35:21 17.75 50,000 8,87516:25
3 17.8 5,567 99115:56:59 17.8 1,250 22315:56:35 17.75 400,000 71,00015:55:57 17.75 100,000 17,750
finlassie
25 Feb 2016
Re: Dire interims and downgrades Thank goodness I read a trenchant analysis of this by Paul Scott some years ago as it helped me keep well away.
Roger Baron
25 Feb 2016
Re: Bad news 29% Fall Buying opportunity
Ripley94
25 Feb 2016
Bad news 29% Fall Aim ???
Ripley94
01 Dec 2015
epitaph Anyone know what happened to this poster , a bear some years back.
OCEAN D
18 Oct 2015
sort of tip... in the sunday times today
