what an absolute dog..., page-2

I don't know where you got info that i've made millions from trading epy, but what is apparent is your lack of knowledge of how to trade it,

sure its down and its easy to have a shot at it, but that's not the point, these small specy stocks are up and down, you can flame it all you want, but in fact if you notice my most previous post, i'm more rationale and call a spade a spade in highlighting there's more pain to come ... epy is a nice trading stock, it will pick back up, my point is in reference to other hopefuls that its going to be ok. well its' not .. in the short to medium term.. but there is potential for a lift back..a business is dynamic, sure its bleeding, the directors will be under more intense scrutiny, they are not seasoned directors but entrepreneurs who wanted to take as much as they could from the business, but they have learnt no one will give them respect and through their experience will learn that they need to focus on the business and focus on the long term.

They were their own worst enemy, stating in 2006 that they will expand into 4 other markets, than not even announcing any China news which they ramped themselves up in the eyes of shareholders, than they spoke of India.. basically they were everywhere, didn't even get into 1 of the listed 4 markets they said they would move into in 2007. Instead got bogged down in dooing too much. Mobiepay acquisition .. there's no information about how this is going, whether they have in fact got where after in this acquisition.

so looking at it carefully, this business can be saved.. think about it, they stop the bleedingwith indonesia, they are profitable with Malaysia, if they want to return to profitability, stop all activities except Malaysia.

Its easy to flame when a stock is down, but what do you gain, not respect, are you a southsayer, i'm saying the writing was on the wall about this stock to short when the floods came and they became increasingly non specirfic and non transparent.

What's important is to be able to see the opportunity.

to address one of your points, ssure its easy to point out its a bad performing stock in last 6 months, but its not that bad if you sold out earlier and now find yourself in a position to buy back with a view to hold for 2 years. Its not a dead business, a multitude of expenses and biting more than they can chew has caused this pressure from their own self made higher expectation.

Remember its equally true they were a great performer in 2006 (watch the chart and you see noticeable trading bands). So what do you prove by saying its a bad stock, big deal, we're after trading and investing themes .. that's what we are here for, no way could you see this company always have fantastic returns year on year out (if anyone has done any real tangible business or remembered, it took Simon Loh 5 years to get build his reload business in Malaysia). Many people trading forget that at the end of the day, a stock price is reflective of the business, EPY just can't get into China and than expect amazing results. Fosters went into China for 10 years, losses in every year and eventually pulled out.

For example, notice how they won't say much with respect to Indonesia other than they hoped it would turn around but didn't highlight why they had trouble with it.. particularly when Indonesia made $USD 350 000 or about $500 000 in Aussie, 2006 annual report shows it represented some 12% of earnings.

In fact the problem was actually not mentioned earlier, and was mentioned only in a Pegasus research report (UK) - who is a comissioned company by EPY. See page 8 for Indonesia andother listed expenses some 9 of them.

Within this document, it shows that EPY wanted to go electronic top up, but the Telco's reacted harshly to this and didn't like it and saw them as being uncoooperative as they preferred scracth card... Now lots of expenses was incurred in changing back to scratch cards and the process didn't provide for much margins. They tried to jump the gun with Indonesia whereis they should have just done the same thing they started off in Malaysia.. scratch card than move and introduce electronic top up (I recall Simon Loh mentioned with electronic top up they don't have to rely and importantly pay EPY UK for its usage.. so that was one of the attractions).

But in the words of the Pegasus report,they announce they "misread the market".