Thanks CO for your informed views. One of the quietest boards around, and slowly ticking away in an upward trajectory.
We're back at the top end of the 40-45p channel we've been in for so long - apart from that unexpected excursion down to 33. Given the recent news and the expansion plans it will be interesting to see if we can finally move back to a 50 target. Buying volumes not very high yet so I'm not expecting anything for a while but I have to think that >50 is more likely than <40 before year-end.
Earned the stripes
has been selected by online payments platform Stripe to provide foreign currency payment services in select markets. Earthport's service model enables its clients to access one connection point to disburse payments to multiple beneficiaries in practically any currency, paid through a local in-country bank transfer. Earthport is fully compliant with each country where payments are made, and provides flexible APIs with validation services to ensure the correct payment information is gathered at source. Hank Uberoi, CEO Earthport plc commented: "We are delighted to partner with one of the fastest growing and most innovative e-commerce enabling companies."
28 Jul '15
Asia regional base
EPO Announced Singapore as its new regional base in Asia. Building on its extensive and growing links, the new office will provide a physical base in Singapore as a FinTech hub for the region, supporting further expansion in emerging trading nations across South East Asia. Earthport's Asia business is led by Sajeev Viswanathan, with extensive experience in Banking and Payments, including 19 years at Citigroup in the UK, India and Moscow. He will be joined by Rohit Bammi, a Singapore national, with over 25 years of experience in banking and financial services industry in emerging markets, including as Partner and Head of Financial Risk Management at KPMG in Singapore and India, and through executive positions at Deutsche Bank and Citibank. This announcement has been made to coincide with Earthport's participation in a trade visit to Singapore with Prime Minister David Cameron. Hank Uberoi, CEO Earthport plc said: "The opening of our Singapore office is an important milestone in the continuing expansion of Earthport's global footprint and underlines our commitment to the Asia-Pacific market." Prime Minister David Cameron said: "British companies like Earthport are flying the flag and unlocking the economic potential of the fast growing economies of South East Asia. I'm delighted that they have joined me on my first trade mission of this government and I hope that we can work together to create jobs and growth for the UK."
22 Jul '15
RE: Re: update
Agreed - hoping to get that divi too.
22 Jul '15
was as good as I could have wished for. Not withstanding that the SP has not responded but sometimes it takes a while for these things to sink in. With the changing landscape in financial payments with the epiphany of Apple Pay and others I wonder if Earthport will be swallowed up at some point. Great to learn that cash flow is becoming positive and hopefully we'll remain on the right side of 40p. Looking forward to more broker upgrades rather than Panmure's reiterations
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