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

By Steve Moore | Wednesday 1 February 2017

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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?...

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