Possible impact of Hank selling some of his shares??? Yes it is strange - big drop of 10% - unless its being drifted down for a purpose? ""Tree Shake"?
I wonder why EPO has gone so quiet? We had a head of European business and a head of global marketing appointed earlier five months ago since then nothing about sales, new contract wins etc. That was money well spent wasn't it! The interims were promising which is why I think EPO is a hold but the lack of newsflow is poor and I guess explains the drift below 40p. So come on Head of Global Marketing - inspire some global selling!
14 Jun '15
not be long now
55 plus soon but only my thoughts.
1 Jun '15
Has everyone packed their bags for a summer holiday already? No chat for 6 weeks?
19 Apr '15
Absolutely, just look at the pipeline of customers who have signed up but are yet to go live. Not forgetting the expanding network of countries signed up plus the backing of the World Bank. The Bank of America deal alone was a game changer. Don't invest if you don't agree, but I've doubled my money on this already and the SP has been stagnant for a while, just like it did before the last time it massively re-rated. If you snooze you lose!
17 Apr '15
Sorry guys, I’m having real trouble understanding why this company is a 'game changer'. The model is simple but, in essence, it does EXACTLY the same job banks currently do. If Earthport is to work, the company needs to be huge. It relies on all banks using the same model. As it stands, only a hand full of banks operate on this model, there’s loads of work to do. I’d argue Hank Uberois’ holding is incredibly small. (Only 5.19% holding from HU Investments L.L.C and 3.02 from Hank Uberoi) At the market cap of 218.03M, why isn’t he increasing ownership? A director at this level should be investing heavily in his own product, especially via HU Investments. In the Bloomberg interview they ask him to make a case for his company. If you listen to what he says, he just says the old system is old. Looking at the income statement June 2014 you see revenue has increased and the loss before taxation is lower than the previous year, this is very well. Under analysis however, you see the real value comes from the unrealised fair value adjustment. The percentage of gross profit remains flat lined at approximately 75% for both years. If you take out the accounting adjustment of £2 million you see no real improvement year on year. (in my opinion, a cause for concern). Good will and intangible assets make up over half of the total non current assets. Looking further into equity you see the stock has been diluted. Management aren’t growing the company organically. 15 million in assets (a majority of this intangible) and a market cap of £218m, it just looks overvalued (price to book value of 15.5 times). The fact directors aren’t topping up their holding suggests they believe it is too. Personally I see some potential in the company, but these quick anomalies put me off investing. I haven’t looked into the notes or spent a significant amount of time on analysis, only a few minutes. I’m also new to LSE and am an amateur investor (21 years old with a small portfolio) so please be kind.
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