Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Great find Aunboy. All this news is helping us to hold up the sp and push us towards 30p.
While Rhambo was asking about valuations. What about putting a figure on Bank of America who is recently ramping up?
Would anyone like to put an estimated value on the last Indian deal with Kotack bank?
Estimates of $19billion small transactions are made in Nigeria. If each transaction is around £10,000 then that could be 1,900,000 transactions at £2.64 would give us about £5 million income and/or £10million if transaction size was halfed. Also more importantly give our big customers cheap entry into Nigeria.
Yet not budged the ask....
£267,000 buy just com in. Good luck with your short Rhambo. Growth is growing fast.
You misunderstand: How much are these arrangements worth in £££ Figures to EPO?
Doing more new deals with banks opens up new countries for transactions both ways. So if Bank of America need to send to Nigeria its a double whamy.
Actually it is correct to say that no one has a short position above 0.5% they have reported to the FCA. There could be numerous shorts. That's a spin for you to believe. To me it is perpetual jam tomorrow: for example, can you tell me how much the two latest 'opportunities' announced via RNS are worth to EPO?
Not an effective comparison, only YoY is. This can be flattered by the timing of for example trade payables and admin expenses, info you don't have in this update.
Company claims revenues are up 33%, yet cash has sunk 18%. This signifies an aggressive accruals policy with revenue recognition. This will catch up one day in a horrible profits warning. A clear short at these levels which are not far off the 52 week high.
Its called sell on news regardless how good it is. Thats why a day or so later when the news is digested it goes back up and past when the news was released.
We are expanding fast and ticking off the 140 opportunities at a fair rate.
Zantrica - Well done. This is a great investment. Earthport is turning into a money making machine. Banks need to go down this route of distribution ledger technology for cross boarder transactions or they will fail as the old ways of making cross boarder payments are very slow and expensive. Earthport is in its infancy and growing fast. We are heading towards fast profit and the share price will move much faster than it is to keep up. I still have about 145,000 owned by my company and 52,000 in a personal ISA.
In 2012 ... Hank Uberoi said Earthport could grow at "TRIPLE DIGIT PERCENTAGES YEAR ON YEAR" The magic figure for Earthport is 12 million transactions a year. The cross-border payment company has enormous growth potential once it hits the magic milestone, according to its executive director Hank Uberoi. When you look at where Earthport is right now ... Record number of transactions at approximately 11 million, up 67% (FY 2016: 6.6 million) Literally just signed Kotak Mahindra Bank which in itself has revenues of nearly £280 billion (which of course EPO will now be processing transactions for them) which will increases our transactions! Looking at the next 12 months ... 140+ new opportunities, more than ten new countries in our Network pipeline and expecting to cover most of Africa during the next 12 months. …I’ll leave it to you to decide if you think EPO will break its magic 12 million transactions and then it doesn’t take a genius to work out which direction the share price is going. [And as for me ... as you all know I hold shares in EPO and stated I would be looking to buy more when I have funds available. Well as I always nail my colours to the mast, I have today purchased 225,000 shares at an average price of 27.631p - that's £62,169.75 to save you working it out. I for one have clear faith in where Earthport is heading.]
Great company. No need to ramp this share. The Rns's do that for us.
was happening with the large sell vs buy share totals on the 1st and 2nd August. It doesn't appear to have held the price down. Is it shares going to corporations/institutions?
Earthport was selected by Kotak Mahindra Bank due to the superiority of its solutions over traditional cross-border payment methods
Great expansion into India. Another India bank signed. Atb Muso
Great stuff. We are the number one provider for cross border payments. Hank Uberoi said This relationship increases our presence in Asia while further cementing Earthport's position as the number one provider for cross-border payments."
This conference will gather leading players and thought leaders that are creating the landscape for the future of the industry. Uniting executives in the payments realm, stakeholders from business end-users, financial and technology services organizations will discuss and explore the key issues and opportunities today. There is some huge businesses players there.
A lot of our customers attending including Bank of America HSBC etc. Also lots of potential new ones.
Financial Innovation and Payments Summit 2017 Head of Americas Earthport is there with many others. http://opalgroup.net/conference/payments-financial-innovations-summit/ In the wake of the digital financial landscape increasing faster than ever before we are witnessing the transformation of customer expectations and consumption trends as we see the establishment of innovative financial services and products to the market....
There is some huge trades going through at the moment. Nicely consolidating.
This has been ticking up nicely and no one seems to be noticing going by the chat.