E-pay asia is showing tremendous growth and is profitable. The shares have fallen back and I feel this company has been overlooked, I intend to keep adding to tuck away. Anyone else in??

I was told by HSBC that this share were on the Austalian market and not on LSE but when I e mailed an Executive of the company he told me they are on AIM London.Surprising that HSBC should be so wrong.
Incidently these shares would be the perfect "bolt on" to EBT Mobile China .
One would compliment the other on Telecoms and the deisel coupons should be a very good money generator as they get the cash up front from customers and then can negotiate a good price with petrol suppliers.The vibes and figures are good.

These shares have a duel listing on the Aus market and on Aim-I tried to buy for my ISA but squaregain do not deal in Aus shares so will not isa them. I have good vibes on this one too especially when the first set of true results come out around sept. the recent figures did not reflect the new business/merger.

E-pay bounced back nicely now after a quiet period. Trading update around 28th July and interims due end of August. Those who missed out on Paypoint should look closely at this one-it's beginning to be noticed and will well reward holders. holders are not selling easily so it's very difficult to buy shares-you have to go to a dealer as none can be bought online. Exciting share for me!

good day today---lucky I like talking to myself!!

still no interest in this little gem-I'll have a party all on my own when they hit one pound!!

I am also in this one - I think it has a very good business model, generating cash and expanding at a lively pace. Very surprised it has not generated more interest?

another good RNS out today-moving into India. sp is moving up again-I'm expecting a good rise after the results in October.

Results soon on this one--I'm hoping for 2007 to be very good for epy. check it out merry xmas.

Merry Xmas, MP!

I see it's been a while since you updated this thread, but I know you're still interested in the stock and I guess you're encouraged by yesterday's RNS:

e-pay Asia Limited - Quarterly Cash Flow Report

RNS Number:7091V
e-pay Asia Limited
30 April 2007


ASX/AIM: EPY
Company Announcement


First Quarter Net Operating Cash Flows increase 266% Year on Year


Sydney, 30 April 2007

e-pay Asia Limited (the 'Company') is pleased to report 266% growth in net
operating cash flows on a year-on-year basis from A$1.46m for the first quarter
of 2006 to A$5.36m in 2007. The strong cash flows were mainly derived from an
excellent performance in its core market in Malaysia, which the Company is
pleased to report has fully recovered from the effect of the flood in December
2006.


Managing Director of e-pay Asia Limited, Simon Loh, commented:

'We are pleased to announce strong cash generation for the first quarter of
2007. Mobile Top Up transactions in the first quarter of the year have been in
line with expectations, and ahead of the same period in 2006.

Following the period end, the Company announced an alliance with AmBank, one of
Malaysia's largest banks and was appointed by the Malaysian government to
provide services as part of its plan to develop digital communication centres in
rural areas.

Both these developments have the potential to provide the Company with
significant net fee income. As a result of these events and the continued strong
cash generation reported today, the Company is confident of achieving current
market expectations for the full year.'

For what it's worth, I have had a go at calculating likely earnings per share for the current year, based on the revenue figure given above. I included adjustments for increased borrowings, depreciation of increased assets, etc, and taxed the whole lot at 30% of profits, before dividing the Aussie dollar figure by 2.40 to get British .

It seems to me that the company could be on course for EPS of 1.88p, compared with 1.27p for last year. This is a 50% uplift, and at the current SP of 16.5p offer, puts the co on a forward PE of 8.8. (Current PE is 13). Using the current PE, that's a PEG of 0.26.

Plesae don't take this as gospel - it's just a fag-packet calculation, but gives me reasonable hope that this stock could be due a re-rating.

You are working hard across the board ST, and it is much appreciated.

Trouble is, I've always had trouble trying to buy EPY - only being offered such pitiful amounts it seemed hardly worth it.

Cheers, Madison

Thanks, Madison. I just hope I'm right about this one, largely because I paid a lot for my stock yesterday (trading on margin) and am very keen to see it come right.

Still, a supposed 266% increase in Q1 turnover has to be good for something!

I don't know how you define a pitiful amount, but good luck in any case!

ST.

In the interest of clarity, I have just found the following in the FY results which indicates a dilution of the shares that I had previously overlooked:

In addition, under the terms of the acquisition of the e-pay group of companies
by SkyNetGlobal, Tobikiri Capital Limited, whose ultimate beneficial owner is
Simon Loh is due deferred consideration of an additional 72,500,000 shares in
the Company to be issued at a price of A$0.20 per share for no consideration. It
is expected that these shares will be issued on 16th April 2007 and application
will be made for these shares to be admitted to trading on AIM and the ASX on
16th April 2007. As a result of this share issue, Tobikiri Capital Limited is to
hold 151,785,830 ordinary shares in the Company which representing about 54.6%
of the enlarged share capital of 277,799,952 ordinary shares in issue. These
deferred consideration shares do not qualify for the dividend payable for the
year ended 31st December 2006.

EDIT: The new figures I posted a couple of days ago take account of the increased number of shares in issue.

(Previous text deleted as it was based upon an incorrecct assumption!)

Actually, does anybody have access to the dark side (I used to but this computer won't let me!)? Might be interesting to see whether anyone has posted any well-supported estimates over there.

Post 61 edited.

Oops! putting my shirt on this one to go up was clearly a mistake: EPY Bid: 13.5p Offer: 14.5p Change: -1.25 .


however, at some point it must be due a serious bounce, but I am not content to hold on until it occurs, so have bravely (?!) eaten my losses and movd on.