Earthport PLC (EPO)

Earthport PLC (EPO)

Blog posts

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 ...
Post Date: November 2, 2018 Read more

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 ...
Post Date: February 25, 2016 Read more

AGM Reports

Earthport (EPO) AGM Report 2015

On the 20th November I attended the Earthport Annual General Meeting in London, at the somewhat unreasonable time of 9.30 a.m. as I mentioned to the Chairman. This might have been one reason why the attendance of ordinary shareholders fell from three last year to one (i.e. me). Earthport provides low-cost and fast international payments for low value transactions to replace more conventional transfers. Their customers are banks and other businesses that need to execute such payments. They have been listed on ...
Post Date: November 21, 2015 AGM Date: November 20, 2015 Author: Roger Lawson Read more

Earthport PLC (EPO) Report 2014

Today I attended the Annual General Meeting of Earthport Plc in the offices of Bird & Bird LLP in central London. Earthport offers a payment framework for high volume, low value cross-border payments, as used by banks, money transfer companies and e-Commerce providers. Some highlights of Earthport’s last set of results are as follows: 67% like for like revenue growth, 151% growth in gross profits and a reduced loss before tax of £6.3 million. The meeting started promptly at 11.00am and was ...
Post Date: December 13, 2014 AGM Date: December 13, 2014 Author: Alex Lawson Read more