Some good news at last from this weeks Shares mag. Tim Freeborn revisits the company and altho no firm details are given about new deals he says they will be announced this quarter. I would think that this could be at the same time as the interim results are announced. I for one will be holding on cos they will fly sooner rather than later! ( 8.30% up today!)

Well oneill (long term contributor) got flattened & threatened on the phone by MoneyAM this week for suggesting little more than that the whole TF/EPO episode had been a complete fiasco.

So I hear, all in my humble opinion, not wishing to offend anyone, etc etc. :)

BB Editor:
You have the right to remove insulting posts etc (or anything illegal), but it is the mark of civilisation that it can take crititism. Just because it is removed doesn't mean many readers still don't feel it.
For the life of me I can't see what Earthport has to offer: can we start from scratch and put the case right now? - yes four years after the rest of the World got internet payments sorted out.
Where is the incentive for this lacklustre co to move Banks, etc. to their payment sytem....and how is it any better than established players? I can see no merit in it, but studied discussion may change my views. Tim's article (today) has brought some recent News to the surface, where it sounds good, but the new Appointments may be there for strategic reasons along with collecting a fat-fee (who would blame them?).....over to you

HANG ON

Are you holding any of this share. Or wishing to cover a short. Just wondering.

hangon, its true, you really don't understand EPO's product. You need to do some research. You sound like maxbubble.

Here's a shock. Last week I asked for a definitive update on EPO in Shares Magazine and a reconsideration of their sell recommendation. Today's SM has both. Well done, JF. Firstly, you have held on to your shares. Secondly, you restate that we are effectively providing venture capital. Thirdly, you picked out the guts of the trading statement. Its worth re-iterating that, if and when EPO reach a positive cashflow, the price will move to another level; they could be the ASOS of 2005 - not unreasonable in the light of the statement.

I suggest 'hangon' deserves a more constructive answer to the points that he has raised. The first point suggested that it would be easy for others to emulate EPO. Those of us with an IT development background are well aware of the man-years involved in the development of systems such as EPO's. A good indication is given on page 2 - 120,000 per month is being saved by transferring a team of developers to a joint venture company. I would say that it would take not less than two years to emulate the EPO systems, given a clear-cut design; a similar banking network could take much longer.

Baughfell is understandably dismissive of hangon's dismissal of EPO's products. It is easy to see the advantage of a 'stored value wallet' for transactions to, for instance, place bets without having to go through credit card transactions each time. I suspect the cost per transaction is also significantly less; the reason why Wanadoo have become a client? Further help from other bb readers?

What internet users need is a wallet that sits above/outside all websites and can be used for micro payments. I personally would not want a new wallet for each website i trade with how could one keep track of all their cash and who could afford to leave cash in all these different wallets? nevermind the hassle of transferring funds to all these different wallets every time a top up is needed.

EWRobson

Tim Freebourn is the guy who gave the tip in Shares Mag.

Just who is this JF that you are talking about?

EWRobson I kind of agree with your comments, infact there are many providers out there that have some kind of stored value product, however earthport are different in the sense they are catering for different sectors and markets, which is not easy. Maybe this is why things have took a bit longer than expected. The other point is the banking network. Their coverage is enormous domestically and the fact its linked to their software gives them the extra edge. There is no one out there who has the domestic coverage like earthport. Setting up the amount of bank accounts now days even after sept 11th could take 18 months in my view. The benefit of the network is it provides huge coverage at a very low cost and allows pay ins and payouts to be made by consumers and businesses at a very low cost. Like I said try and find someone out there who has the huge coverage earthport has. This network is then simply leveraged within its products. Great prospects !

cost per transaction will also be less, but its not just that, thats the benefit here, its also the ability to make payments of varying sizes around the world at a very low cost.

For example P2P market if the regulations were adhered too correctly, this could be huge for epo because again they have the banking network, which no one else has.

Up 7.14% today, just makes me wish I had held on to more of them instead of selling most of them.

never sell into a downtrend thats the general rule. Expect she will continue to move north back to a nominal level..

welcomeaboard: very helpful comments; you are confirming that EPO have a unique position in the market with their banking network with international coverage and the ability to handle a range of transactions that will vary from market to market. mikeowen: I would follow through this line of reasoning. If you only have one personal wallet, who is going to keep it for you? It won't be a finance company because they will not be the people to initiate links with their customers.
apple: should have been TF, of course, so well done Tim - I was giving you a J because you are emerging as a future John Marshall (or is that patronising?)! The market is up 0.10p although selling volume outnumbers buying with several realtively large sales. Volume is up to 4.8m shares but that is still less than 1% of the equity. ASOS have been regularly trading 5 to 10% of the equity, probably through a combination of profit taking, new institutional buying and day trading. None of these are motives for EPO transactions which is an argument for sideways movement until there is some more positive newsflow and the financials move nearer to break-even which will attract the larger investors. apple: however hard to stomach, I would buy back in to a reasonable stake and then take TF's advice to hold, certainly for six months to give positive newsflow a chance and to confirm that EPO are a leader in a key niche market.

SHARES MAGAZINE DONT LISTEN TO THERE TIPS. IT COULD DAMAGE YOUR WEALTH.how can any body defend this magazine,let alone buy this rubbish.What they tend to do is tip stocks and if they go belly up,dont mention them again.It has happened many times.One example that comes to mind is wigmore group,they would tip it ,tip it,for years,then something bad happens,and they never mention it again.What a joke.there are many more examples,The list is endless.I think shares magazine will go belly up soon,And as for that guy tf ramping his own shares.well what can i say.

Fairs, fair, there have been winners too, asos, marchpole, telecomplus and many others, look at the shares of the year last year. They can only guide you, there are no guarantees, otherwise there would be no need for such magazines if it was that easy. The journalists could just sit at home and become millionaires overnight. It all too easy to buy a mag on a thursday, read an article and say 'oh look he says this has chance, ill buy some of those' wait a couple of weeks and expect it to double or treble. You need to some of own research.

Strange, creeping up again.

I thought that these were dead.

They are, this is just the nerve ends twitching !!!

If a dead cat is thrown out of a 13th floor window, when it hits
the ground, it will bounce. It will be travelling upwards for a
short time but that doesn't mean that there's any life in it.

It may even meow.

The COO Russell Clarke resigned from board on Aug 20, the same day as the trading statement.

See RNS

Sounds like he didn't agree with the trading statement, perhaps he thought it was utter rubbish & didn't want to be associated with it at all. A DANGER SIGN I think.

In that trading statement Earthport said Q4 revenues up 47 pct vs Q3, so what do you think is going on?

im holding on with a 58%loss ,should i get out now,advice please

I can't give advice, I can only say that I got out.

You have to look at the all the info AVAILABLE to you & make your own decision.

Sometimes one sells a share that has fallen only to see it shoot up the next day or go down the drain, who knows?

Take a look at the trades over the past few days & see what you think.