Earthport (#EPO) – AIM cancellation following acquisition by Visa
- 2019-06-07 07:58:00
UK 13:17 Wednesday, 28 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Writing on Earthport (EPO) a couple of weeks ago, I concluded, being cautious, I’d probably take a bit off the table at the more than 35p available but that it looked worth retaining some involvement as having both Mastercard and Visa involved means some sort of deal looks highly likely to go through. Today an “Increased Recommended Offer” announcement from Visa, which has been ‘noted’ by Mastercard…
Earthport (EPO) has announced a 33p per share recommended offer from Mastercard, valuing it at approximately £233 million and trumping a prior 30p per share recommended offer from Visa. But haven’t we been bearish here?...
Shares in payment network company Earthport (EPO) had already more than halved in price over the last year and now a “Restatement of Fair Value Adjustments” announcement – and they currently down a further nearly 9%, to 7p, in response…
Payment network company Earthport (EPO) is “pleased” to provide a trading update for its half year ended 31st December 2017, including “we are confident that our core services remain strong and are of increasing importance in the changing payments landscape”. Sounds encouraging…
On an early October £25 million placing at 20p per share, Earthport (EPO) CEO Hank Uberoi was “very pleased to announce this placing… we truly appreciate the support of our existing shareholders and a number of new institutional investors” and in end of that month results “look forward to FY2018 with confidence in both our operational and financial performance”. We now have a Trading Update and Directorate Changes announcement...
Cross-border payments network company Earthport (EPO) “is pleased to announce its final results for the year ended 30 June 2017”, with CEO Hank Uberoi emphasising “FY2017 has been a positive year for Earthport, with good progress made across the business… a solid platform from which we can continue to grow”. However, the shares are currently responding lower, to 18p…
Having missed a target of becoming cash flow positive, though reckoning it was “pleased” with the 30th June year-end cash balance of £11.9 million, payments company Earthport (EPO) is now “pleased to announce”… the result of a placing!...
Since I previously updated in July, shares in payment services company Earthport (EPO) had been heading higher, with it also announced “Earthport Partners with Kotak Mahindra Bank”. However, they are currently slipping back on an “Earthport Plc expands into Nigeria” announcement…
Having declined from more than 45p in September 2015 to sub 13p less than a year ago, shares in Earthport (EPO) approached 30p earlier this year – before declining again in recent months. We now have a “Full Year Trading Statement”…
Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...
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?...
