EPO

Earthport Accounts, City of London IT and Patisserie

Earthport (EPO) is the latest AIM company to report that its past accounts are not all they should have been. Following a review by the new CEO and CFO, it seems there have been errors in reporting of forward foreign exchange transactions. This will result in fair value adjustments and a reduction of £6.3 million to £16.6 million in the net assets of the group at June 2017. Likewise adjustments are required to previous years. Reported earnings are also reduced although ...

Earthport Hit By Apparent Fraud

I covered the position of Earthport (EPO) in the last ShareSoc Informer Newsletter in an article under the headline "Can these real dogs recover?". The article covered several companies where profits had been negligible over the years resulting in investors becoming disillusioned but there were some signs of improvement. I said in concluding about Earthport (Monitise and Tungsten were the other companies) that "it's fair to say that investors are losing confidence in Mr Uberoi (CEO) and are concerned about the ...