EML - EML Payments

[frugal.rock]

Money in Motion

That's hilarious.
Usually have only heard the word motion in medical terms ?

 

[Miner]

That's hilarious.
Usually have only heard the word motion in medical terms ?

Unfortunately, EML management is having a medical problem called LOOXE MOTION

 

[Miner]

EML dwindled down another 10% in the morning. I was tempted to have a day trade but resisted. The price reverted up to recover 10% down trend to only 2% or so down from yesterday's closing price.
Still do not know why market punished EML out of proportion yesterday and again this morning.
DNH but if it goes down again in the morning, then could throw some odd money to have a day trade

 

[Miner]

Technically I do not have to post anymore to get into tipping competition to support my punt EML for May
Nonetheless, the prices are turning down for EML. Whosoever made a killing by buying on Thursday is laughing

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515580-2A1371021?access_token=83ff96335c2d45a094df02a206a39ff4

Following this response to ASX, the prices went up. Probably Monday it will (should) be higher too. DNH

 

[So_Cynical]

Should the shareholders ask hard questions to the directors who sold out only two weeks before announcement ?

6736320 shares to 6536320 shares, about half a million worth, probably fair enough to not make a big deal about it.

EML in general looks pretty cheap - certainly one of the better punts on offer at the moment.

 

[Miner]

6736320 shares to 6536320 shares, about half a million worth, probably fair enough to not make a big deal about it.

EML in general looks pretty cheap - certainly one of the better punts on offer at the moment.

SC - You got a point. For John and Mary, 200000 shares sold out timing is definitely a big sum. Probably it was testing the market before it crashed at $1.5 around .
Possibly the director was getting ready for higher sales before market surprised him

 

[Dona Ferentes]

from the AFR:

.... shareholders might have taken a keen interest in a presentation on Tuesday by EML Payments managing director Tom Cregan. But unless they were among the 750 institutional investors attending the 24th annual Macquarie Australia Conference in Sydney, they were out of luck.

Reporting on the speech is likely to be non-existent, given media were told by Macquarie on Tuesday morning that EML had requested they don’t attend the session....

 

[Miner]

from the AFR:

posting the full text from AFR
EML has gone south as expected today after a hick up yesterday.
AFR did make an observation on one of the director's sell out just before the crash, regardless the level of holding he had.
Watching on the side line

 

[Miner]

Looks like there are few stocks offering vertical knives similar to Coles offer when accumulating enough points

 

[Dona Ferentes]

and CEO resigns.

Down nearly 20% ... now $1.03

 

[galumay]

As I said a year ago.

Given what has transpired with EML I am flabbergasted that the ASX lets it continue trading, it should certainly be in a trading halt given the uncertainty surrounding the viability of the business. ASIC & ASX are the most useless toothless tigers, over and over again retail shareholders are defrauded by these sort of businesses while they twiddle their thumbs.

Also as a friend pointed out,

"Not as straight-forward a take-down as SZL, but promoted by some of the same people. At what stage should those folks have realised that this was a dud?
(a) When the economics were just generally lousy pre-PFS, and it was mostly a corporate action scrip-flinging machine?
(b) When they bought most of a money laundering operation off a couple that ran away with one subsidiary to Cyprus?
(c) When the senior management exodus began shortly after close and insiders were selling?
(d) When they got kicked in the head by a regulator for obvious money laundering enablement risks?
(e) Some other time when your brain was switched on?
(f) When a fund manager with a significant related party holding promoted the Hell out of it on Twitter while simultaneously promoting a number of other dodgy, dodgy companies?"

 

[Faramir]

I know just about nothing of EML Payments other than lots of hype on Livewire and that many brokers love it. I have completed just about no research this stock.

(Above quote from 1 December 2019)

and CEO resigns.

Down nearly 20% ... now $1.03

Now I really know nothing about EML.

I have even forgotten why or how EML ever came to my attention. I have no idea why I started to ignore EML. It’s sad that others got sucked into the hype. I thought I was gullible but there are many others more gullible than me and their lost of funds is proof of that. The way this business could generate cash flow? I couldn’t make sense of it.

 

[divs4ever]

i bought EML as AAO and it was a nice ride , while i held , but it started to look like becoming a neo-bank and expanded heavily ( and i was hoping for divs sooner than eventually , if ever ) so i took the exit ( and a nice profit ) in May 2017 @ $1.69

'growth stories ' rarely pay my bills , so i left it for the traders

 

[Dona Ferentes]

.... have even forgotten why or how EML ever came to my attention. I have no idea why I started to ignore EML. It’s sad that others got sucked into the hype. I thought I was gullible but there are many others more gullible than me ....

In this modern age, there are myriad means of slipping opinion disguised as substance into media. Egregious is a term that can apply to much of the promotional bumph..

Joe Aston has a column today about a dude:
For no explicable reason, [an asset manager] who manages a portfolio of small positions in ASX-listed companies on behalf of sophisticated investors, cultivates a strikingly unsophisticated social media profile.

On Twitter and LinkedIn, [he] relentlessly pumps his favourite stocks with unapologetic fandom, deploying rocket emojis to evoke the destined trajectory of their share prices....
.
? and EML is a fave.
More in AFR..
?

 

[Dona Ferentes]

EML headline: Shares surge 10%

yep, that has trimmed the loss over 12 months from >75% to closer to 72%.

Results out:

• narrowed the FY 2022 net loss to $4.8 million versus $23.3 million in the prior year period
• reported total revenue up 21 per cent to $232.4 million on total transaction volume up 308 per cent to $80.2 billion
• reported adjusted net profit of $32.1 million
• declined to provide any specific financial guidance for FY 2023
• plans to implement a $20 million share buy-back over the next 12 months.

(DNH)

 

[Dona Ferentes]

EML headline: Shares surge 10%

and , from the gang who can't shoot straight:

EML Payments flagged a maximum loss of €5.5 million ($7.9 million) from fraudulent activity within its direct debit processing business. The company is investigating the circumstances surrounding the fraud which primarily occurred this month. It has started steps to recover losses.

.... its Sentenial business has identified recent fraudulent activity relating to an identified set of fraudulent merchants within its direct debit processing business.

and, slump on top of slump. down down.

 

[divs4ever]

exited this in May 2017 ( @ $1.60 )

thinking the path chosen then would bring extra regulator headwinds , how little did i know those winds would become a typhoon

but don't feel sorry for me , it had been a very profitable journey from minnow gold explorer AAO , to EML at the exit point , even if i missed the $5 ( plus ) peaks

 

[Miner]

6736320 shares to 6536320 shares, about half a million worth, probably fair enough to not make a big deal about it.

EML in general looks pretty cheap - certainly one of the better punts on offer at the moment.

@So_Cynical
How cheap EML today ?

 

[divs4ever]

bought EML when it was AAO , watched it grow for a while and went very nicely for me , but then took the decision to go in the current direction , now i didn't precisely pick the current issues , but did worry about extra government regulation/intervention ( had much the same concerns over OTE/ISX )

the question with EML is how much risk do you take for the potential reward

 

[So_Cynical]

@So_Cynical
How cheap EML today ?

Very very cheap, as are many many stocks - you know how this works miner.