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Earthport – further good news for shareholders as Mastercard trumps Visa’s offer. What now?

2019-01-25 06:30:26

Earthport (EPO) has announced a 33p per share recommended offer from Mastercard, valuing it at approximately £233 million and trumping a prior 30p per share recommended offer from Visa. But haven’t we been bearish here?...


Earthport – Chairman & former CEO retire “with immediate effect” just last week… Now “accounting errors”!

2018-11-01 12:55:31

Shares in payment network company Earthport (EPO) had already more than halved in price over the last year and now a “Restatement of Fair Value Adjustments” announcement – and they currently down a further nearly 9%, to 7p, in response…


Earthport – argues “confident”… though now increased loss follows CEO, CFO & a NED recently departing their roles!

2018-02-15 05:20:36

Payment network company Earthport (EPO) is “pleased” to provide a trading update for its half year ended 31st December 2017, including “we are confident that our core services remain strong and are of increasing importance in the changing payments landscape”. Sounds encouraging…


Earthport – from a placing & “we look forward to FY2018 with confidence” to trading warning in a couple of months!

2017-12-18 05:27:54

On an early October £25 million placing at 20p per share, Earthport (EPO) CEO Hank Uberoi was “very pleased to announce this placing… we truly appreciate the support of our existing shareholders and a number of new institutional investors” and in end of that month results “look forward to FY2018 with confidence in both our operational and financial performance”. We now have a Trading Update and Directorate Changes announcement...


Earthport – “a positive year” & ‘look forward with confidence’? Hmmm…

2017-10-31 08:00:56

Cross-border payments network company Earthport (EPO) “is pleased to announce its final results for the year ended 30 June 2017”, with CEO Hank Uberoi emphasising “FY2017 has been a positive year for Earthport, with good progress made across the business… a solid platform from which we can continue to grow”. However, the shares are currently responding lower, to 18p…


Earthport – “delighted” to announce further partner agreements, but what about that prior “commitment” to cashflow positive?

2017-08-08 06:40:07

Since I previously updated in July, shares in payment services company Earthport (EPO) had been heading higher, with it also announced “Earthport Partners with Kotak Mahindra Bank”. However, they are currently slipping back on an “Earthport Plc expands into Nigeria” announcement…


Earthport – “not cash flow breakeven in FY 2017”, so it's next year then? Er…

2017-07-25 01:50:00

Having declined from more than 45p in September 2015 to sub 13p less than a year ago, shares in Earthport (EPO) approached 30p earlier this year – before declining again in recent months. We now have a “Full Year Trading Statement”


Earthport – interims argue ‘confidence in continued growth & prospects’, but include a net cash generation warning

2017-03-21 08:11:16

Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...


Earthport – “trading statement”, why no update on progress to cash flow positive target?

2017-02-01 07:20:37

Payment network company Earthport (EPO) has updated that it “is encouraged by the recent developments within the company, particularly in relation to the increasing transaction and aggregate payment volumes being placed through Earthport's platform by its clients”. However, with the shares recovering from sub 13p hit last year to now approaching 25p (although still down from more than 45p as recently as September 2015), is a circa £120 million market cap justified?...


Earthport – “is pleased to announce”… dire full-year results…

2016-10-26 03:25:21

“Earthport (EPO), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016”. The shares are currently down 4%, to sub 16p, in response. Hmmm…


Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…

2016-08-17 00:03:38

A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…


Earthport – follows recent bad news with… £650k+ of nil-cost share awards to management!

2016-05-12 07:31:16

Having in February seen its shares slump further on potential foreign exchange business fraud and in March announced an increased net cash outflow, pioneering cash-burning machine (sorry, “pioneering technology success story… revolutionising global payments”) Earthport (EPO) has announced… “nil-cost share awards under 2016 Long Term Incentive and Retention Plan to the members of the executive management team”!?! …


Earthport – interim results, it reckons “pioneering technology success story”, I reckon pioneering cash-burning machine

2016-03-22 02:37:02

Post a share slump on a potential foreign exchange business fraud, Earthport (EPO) has announced results for the six months ended 31st December 2015. The results statement modestly describes the company as “a pioneering technology success story”. Er…


Earthport – shares slump on potential foreign exchange business fraud

2016-02-25 07:55:17

Joining shares in Solid State plc (see HERE) in being trashed today are those in provider of cross-border payments services to banks and other financial companies, Earthport (EPO). This follows an announcement that the company is exposed to a potential loss of £5 million as a result of a customer of its foreign exchange business, Baydonhill, failing to honour pre-confirmed bank payment instructions, on the basis of which payments were made on the client's behalf. Hmmm…


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