CaptainMultibag
17 Jun 2015
Turnaround failed. Value x20 is wrong Sobering facts on ADVFN. EPO is overdue a shorter attack to smack it down to 10p. That would still mean the valuation is x5 form when the turnaround started 5 years ago. "In Jan 2010 EPO had 90m shares so at 11p, market cap was about £10m. In June 2015 EPO has 475m shares so at 43p, market cap is about £200m. Risk-reward equation at £10m was nice but at £200m (x20 valuation) is bust. Companies at a badly inflated price are a doomed investment. EPO turnaround team failed. Grew revenue too slowly, hiked costs too much and too fast, too big losses, too much dilution, generated and bought low value revenue, so EPO is not worth £200m or anywhere near. Record interim 6 month loss reported at -£5.4m to 31-12-14. Fact. Market expects -£2.3m loss for full year. Fact. I expect loss of -£7m or worse. Opinion. Downgrade overdue. AiM rules 10 and 11. Terrible market conditions in which management will try to avoid admitting they misled the market by covering up scale of their losses. EPO is worth about 11p to a trade buyer. STRONG SELL before the massive downgrade. Dangerous to leave it as dire losses may leak to market by early July. All imho"
CaptainMultibag
27 May 2015
Losses and breakeven lies Important data from ADVFN:1) Here are the reported losses under CEO Hank Uberoi's 'turnaround' regime since he joined in February 2010: [10 Facts] 6m to 30-06-10 loss -£1.5m 6m to 31-12-10 loss -£2.1m 6m to 30-06-11 loss -£5.4m 6m to 31-12-11 loss -£5.2m 6m to 30-06-12 loss -£4.4m 6m to 31-12-12 loss -£4.5m 6m to 30-06-13 loss -£3.6m 6m to 31-12-13 loss -£4.8m 6m to 30-06-14 loss -£1.9m 6m to 31-12-14 loss -£5.4m 2) Mr Uberoi's 5 previous assertions of EPO 'will reach breakeven in ...' all turned out to be false dawns. [5 Facts]. 3) On 18 September 2014 PG repeated their expectation of £0.5m profit in the year to 30 June 2015, with "Source: Company Data and Panmure Gordon".[Fact] 4) I continue to believe that EPO management deceived the market in breach of AiM Rules 10 and 11 by placing and leaving that knowingly false expectation of profit in the market, cynically to mislead the market and investors into buying and subscribing for shares at an inflated price in the upcoming funding round.[Opinion]. 5) In formal analyst presentations mid March 2015 Mr Uberoi asserted again that he expected EPO to pass breakeven in a 'few months'. RedHotPennyShare duly reported this management expectation: "EPO expects to move into a profitable cash generative phase during this half year". [Facts i.e. that Mr Uberoi said this]. 6) What if it turns out that Mr Uberoi was misleading the market yet again? [Question]. 7) The previous 5 times he was apparently conning the market and investors into buying or subscribing shares at inflated valuations. Now is he perhaps trying to puff up the price to help him buy another company to cover up EPO's serially dire results? Or was he desperate to deflect from the hideous actual -£5.4m loss as that exposed his breach of AiM rules, so he was lying again to stop investors rocking the boat? That is my best guess. [Questions and opinion]. 8) My view remains that EPO management seem dishonest and the Earthponzi scheme will collapse. The mounting weight of lies will break investors' backs at some point and then the price will crash.[Opinion] 9) 85% price decline is about right based on the metrics. A record -£5.4m loss and PE ratio of -25 are warnings of massive and imbalanced downside risk. [Opinion] 10) EPO fell 85% in 2009-10 when the CEO was apparently sacked for being a porky peddler.[Fact] STRONG SELL imho
TheFall
30 Apr 2015
Re: I see I see Captain Multi bag aka SilkStag on ADVFN is ran away until the next dawn. Company is looking good. If they hit their headline numbers, this will go one way, UP and not down, no matter how SilkStag says the numbers are made up.After suggesting the numbers are from Bay scrap clients, some scraps I must say, you can only use this argument for a while, until revenue rises so much it renders their argument as useless.
TheFall
30 Apr 2015
Re: I see I see Captain Multi bag aka SilkStag on ADVFN is ran away until the next dawn. Company is looking good. If they hit their headline numbers, this will go one way, UP and not down, no matter how SilkStag says the numbers are made up.After suggesting the numbers are from Bay scrap clients, some scraps I must say, you can onyl use this argument for a while, until revenue rises so much it renders their argument as useless.
TheFall
30 Apr 2015
I see I see
TheFall
20 Apr 2015
Re: Trade value 14p How can it be a strong Sell SilkStah Aka CM?Hmm, one day, hmmm hey one day I will be old, cannot tell you when but I know it will happen. CM you are not looking intelligent when you say one day, talk about clutching at straws.
TheFall
20 Apr 2015
Banco do Brasil Americas Launches International Transfers for Students in Partnership with Earthport Looks good[link] do Brasil Americas Launches International Transfers for Students in Partnership with EarthportScholarship funds from prepaid cards can be transferred to local bank accounts, helping students manage their living expensesMiami, 20 April 2015 – Banco do Brasil Americas today announces the launch of its international transfer service from multi-currency prepaid cards for students. This solution, enabled by Earthport’s cross-border payments service, is a multi-currency scholarship disbursement card, which accelerates availability of funds for cardholders and simplifies the process of sending and receiving scholarship disbursements globally.Students can use the card to safely and conveniently take scholarship funds abroad. The prepaid card is a safe and convenient solution for both the sponsors supplying the funds, and the student who can transfer their scholarship funds from the prepaid card into a local bank account.The secure, fast, and efficient card-to-bank international transfer service is enabled through a connection into the network of Earthport, the largest open network for global bank payments.Banco do Brasil Americas’ CEO Antonio Cassio Segura, said: “We always aim to develop and adapt our multi-currency product portfolio to deliver products and services that meet the needs of our customers. working with Earthport we’ve been able to launch this convenient mechanism for money management for students in a very short space of time. We believe it is going to be of great benefit to prepaid card customers as well as our scholarship sponsors.”Banco do Brasil Americas has been built on Earthport’s multi-currency payments network, ensuring that fees and rates are known up-front and the receipt of funds are predictable. Using the prepaid card to transfer funds students will incur lower fees than they would by transferring money internationally using other methods.Hank Uberoi, CEO at Earthport said: “We are delighted to see the work of this exciting partnership come to fruition. The Banco do Brasil Americas prepaid card is a great example of how a bank can leverage the Earthport service to develop innovative products for customers and create a truly value added service. With this card, students can move their precious scholarship funds internationally safely, cost-effectively and predictably.”Luis Bittnecourt, student prepaid card holder, added: “The advantage of the service is being able to transfer money directly from Banco do Brasil Americas’ prepaid card to an international bank account. The system works without any problems, improving scholars’ access to their scholarship funds as the card allows access to payments without conducting several withdrawals.”The service is available immediately to students in Portugal, Spain, France, Germany, Greece, Ireland, Italy, the Netherlands and the UK.
TheFall
20 Apr 2015
Re: RNS Yesterday. This will move above 60p if we get a feeling they will hit 20 million target, moving towards 30 million.
TheFall
20 Apr 2015
SilkStag Aka Captain Multibag I see the oh so great CM has gone to lick his wounds. After all the fuss into the build up to the interims, what happened, nothing, nothing, nothing.CM you should be stand up and say sorry for all your wrong advice. People could have sold at 39p, only now to be losing at 46p or 48p.So far you have been wrong on all fronts, so you have zero credibility. You clutch at varying epo negatives when one fails to materialise, you fail to say sorry, to say you were wrong, but kindly and quietly move onto the next thing you have found, well found, in your view.All in all, EPO may crash one day, but that will have nothing to do with you or your view, it will be as simple as they failed to deliver.As we sit here today, they are wortking towards the headline numbers of 20 million. If they hit that, the next stop is 30 million. I guess your view tnhe Bay revenue is scraps is a sign of jeleously and nothing more.How can you be so bitter towards a company, its got to a point its become personal, why? Did you not make money from 11p to 39/49p? If so what are you complaining about? You made your money, you have an exit strategy, no lets others do their in and out strategys without you being like a jelous girl are school. You must have been a right back stabber when you were younger, stiring things up. Come to think of it, you must have been a very spoilt child, either that, or you are just plain greedy.Terrible shame you are like that, but do evertyone a favour. The readers are not interested in your tripe, especially when you say, oh its gonna crash 90%, oh watch the sellers pile up. no , no , no..So go and do one, no one will miss you.
Roger Baron
09 Apr 2015
Re: RNS Yesterday. It think they dropped below 5% because some more shares were issued! not necessarily because they sold any.Someone bought nearly half a million shares this morning anyway.
loadsadough
09 Apr 2015
RNS Yesterday. Today the share is up over 5%.BlackRock have just gone below 5% in their share placings, and today the share is up. Anybody know why? Be interesting to see if it can make it above 46p, or drop back again. Anything is possible.I am no longer a share holder, I prefer others like AGR, GRG, OXB, TTR, and PLUS. They are all doing better over time.Loadsadough
TheFall
26 Mar 2015
Re: Trade value 14p You have changed the goal posts several times, but your main goal has been, no matter how many times you deviated from the actual facts, was this was a company not worth investing in. You are not even capable of responding to other questions and provide a reasoned response. Your views are not rational because you are not able to converse with others.
TheFall
26 Mar 2015
Worth 62p CM aka SS.You stated let the readers decide. From where I am sitting its clear the readers and the markets have decided you are wrong, wrong not just today, but for the past year.Now, after stating Blackrock were wanting to dump stock, why is it they increased their holding. Why would they do that after all your harp.Secondly, how can you justify and prove, costs will continue to rise at the same rate as they have done, if they increase revenue. Your view is not 100% correct and certain, so is it not a guess.Thirdly, why are you really wishing this company to crash and burn. You say they are dirt lying bla bla. Really? Then why have you not reported them to the FSA. Are you bordering close to being .....So come on, come clean. You made plenty of money from 11p, so why are you still here, why so bitter, why spend your time so it seems on the face of it, spout lies and more lies? Are they bluff?
TheFall
26 Mar 2015
Re: Trade value 14p Roger, this is the same SS on ADVFN.Amazing chap, never responds to any truthful statements. He must have been really shafted at some point.
CaptainMultibag
25 Mar 2015
Re: Trade value 14p Roger, the extra revenue from SME is a negative and was unexpected as such. ADVFN note this is one of three serious problems:: "1) No mention in the interim results RNS but the CEO admitted at the analyst/investor briefing later that day that BoAML had gone pear-shaped, and that he hoped they would only end up 6 months behind schedule... 2) No mention in the interim results RNS but CEO admitted at AGM that part of turnover hike is from SME BH clients. That is why costs have hiked more. All these big numbers of new clients are valueless SME clients. The business model of 'operational gearing' [turnover goes up way faster than fixed costs] has failed.. 3) A trade buyer will value the bank transactions revenue at x8 but other loss-making or non-recurring revenue at x0 or x1. That valuation implies EPO is currently worth about 14p...The Earthponzi is not pushing the price much higher and one day it will correction crash 30p to c14p. STRONG SELL as an investor. All imho."
