Hi Copout - concur with your sentiment about the announcement. I would expect a cash burn of some form given the new customers taken on during the year - and looking forward to latter half of 2015 results with positive indications that the pipeline is beginning to bear fruit. This is one of the most quietest BBs I have come across but always interested in what others say when they do post. They are quietly going ahead and implementing their strategy, creating strategic partnerships and laying the foundations for growth in the the future.
17 Feb '15
This is a very promising announcement. Excellent increase in income numbers. They don't show the costs but if we look at the last year cash number of £8.1 against today's £32m and take away the net cash raised last year of around £25m that makes for a period net cash burn of just over a million. In my book that suggests a shift into break-even/profitability sometime in 2015. Reel in some of that new business pipeline and we're away!
The trouble with this kind of announcement is that it requires the agreement of the customer. In this case Santander probably refused permission for any details. But it's another good big client name and even if the early contract activity is small once you're in the door for this kind of thing the requirements tend to expand. Good for EPO. I still think EPO has huge potential. I don't care much how little detail there is but what we need is a string of such announcements to start motoring above break-even.
12 Jan '15
Contract details ?
Would have been informative if Earth port provided specific details of services taken on board, volumes, and forecast revenue.
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