The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.]
Morning and some good positive movement starting to happen, even without any realisation of any of the 143 opportunities in the pipeline. This again just goes to show we are correct in what we say John21 and AUNBoy that this company is just at the base of an impressive upward trajectory and now is the correct time for investing. Already in a decent profit from last weeks purchase of £10,000 worth of shares and I will again lay my honest claims out in the open for all to judge, but I will be investing further in this company in Sept. Not that Sept is a special time in this company but more because I will be getting a decent payout from elsewhere in Sept and I will be using that money in EPO. If I had it now, I'd invest now! Again though like I say, I will just reiterate that for me, this share (like all other shares) will obviously fluctuate, however it is only going to go one way overall and at this price and with its opportunities, EPO represents excellent value.
Thanks for the welcome guys :) I have a 3-year view of EPO with the picture looking considerably brighter after this time. For me I was initially hoping for a break-even position in this company when it was first reported in the company’s expectations and made my first investment at 14p last year and held 200,000 shares back then. I was a little frustrated (perhaps not the right word here) when the company decision was to decide to invest for expansion opportunities BEFORE reaching a positive cash flow position. Although I do realise why this decision was taken and didn't see this as a negative thing for the company, in fact quite the contrary in that it demonstrated further opportunity and highlighted the confidence in EPO's own abilities and market expertise and positioning. What I did think at the time though was that this was perhaps not the best news for the shorter-term share price...unless there was some quick wins and positive news on further developments/opportunities capitalised on. I watched the share price start to drop back from the 29/30p mark and held on hoping for some share price stability. However, I realised that until some positive news (or as in this case a positive full year report) was shown, that the share price would steadily continue to drop back...which it did. As a result of this I sold my lot and took a bit of profit. With the full year report now out there, I am encouraged as I have already said, that EPO IS on track and does represent a great 3-year share for me. I am prepared for a little fluctuation as this news starts to settle, however I felt that if I didn't reinvest at this time, that as some of the positive news and opportunities start to become realised and trickle in, that the share price would overall start to climb and I would have missed out on the opportunity to purchase the shares again at this sort of price range. Here's hoping for a few good news stories in the next 6 months and as I have said, I am confident in the longer-term position of EPO and pleased with how this company is and has developed its position as a company with resilience, confidence, optimism, actual proven growth, and as I see it THE reputable specialist authority in its field.
Always a pleasure watching the chatter and banter between you (especially John21 and AUNBoy). Personally been monitoring this share for a while and while I am not prepared to put my actual valuation down for this exact day, I am satisfactorily encouraged with today's reports as they are broadly in line with what I was expecting which is good. What I will say is that I've just bought a little over £10,000 worth of these shares at 20.53p (50,000 shares to be precise) as I clearly believe that this share will certainly go in the right direction. Happy to be part of this ride and happy to be on board.