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New issue looks very special. (NLR)
hawick
- 14 Apr 2004 13:41
This company floated on AIM today. Already recording spectacular growth (see announcement). Could be a rival for paypal and (conceivably) Earthport, but branching into other areas such as the currently clumsy 'swift' banking.
Well worthy of close inspection.Floated today i bought in just below float price, of 200p, @197.55p.
NETeller joins AIM. Announcement as follows:
"NETeller plc, one of the leading online money transfer services, is pleased to announce the admission of its shares to trade on the Alternative Investment Market (AIM) of the London Stock Exchange plc.
Highlights:
In conjunction with the AIM Admission 15,000,000 new ordinary shares have been placed on behalf of the Company at a price of 200p per share. In addition 2,500,000 existing ordinary shares have been placed at a price of 200p on behalf of selling shareholders
As a result 30 million has been raised for the Company and 5 million for selling shareholders.
The Directors intend that the net proceeds of the Placing will be used for website development, to make acquisitions, and for general working capital.
The principal purposes of the Admission are to create a public market for the Company’s ordinary shares; to raise its profile and status; to enable employees to be incentivised by the grant of options in publicly traded shares; and to provide access to capital.
Canaccord Capital (Europe) Limited (“Canaccord”) is the Nominated Adviser and Joint Broker for the Admission. Durlacher Limited is also Joint Broker to the Admission.
Commenting on today’s announcement, Gord Herman, CEO of NETeller said: “The level of institutional support for NETeller’s placing has been very satisfying. Having successfully completed this stage of the Company’s development we are now committed to getting on and delivering for our shareholders.”
- Ends -
Overview
The NETeller Group operates an online money transfer service that utilises and extends the existing international banking structure to provide a secure means of transferring funds worldwide. A NETeller System account is like a virtual wallet which enables Members (an individual who has opened a NETeller account) to deposit, withdraw and transfer funds to any Merchant (or internet site) that supports NETeller System online payments for goods or services. In June 1999, Stephen Lawrence, the founder and major shareholder of the NETeller Group, conceived the idea of an ‘e-wallet’ that could be used to fund Internet based transactions without the security risk of processing each transaction at each separate Merchant site. In August 1999, John Lefebvre teamed up with Stephen Lawrence to develop the concept and to assist with raising capital.
As at 31 December 2003, there were approximately 586,500 Members using the NETeller system, growing at 1,600 per day. At the same point there were 1,250 Merchants registered to use the NETeller System. Since processing began in July 2000, an average of 30 new Merchants have been added each month.
To date the most receptive market segment to NETeller Group’s ‘e-wallet’ concept has been the online gambling market.
In 2000, private funds of US$200,000 were raised to establish the NETeller Group. Growth to date has been financed by internally generated cash flow.
Gord Herman, was appointed Chief Executive Officer in February 2003 and under his stewardship NETeller HAS INCREASED MONTHLY REVENUE from US$866,000 (September 2002) to approximately US$4.335m (December 2003). In the year ended 31 August 2003, NETeller generated annual profits of US$13.5m, before other income and expense.
Well worthy of close inspection.Floated today i bought in just below float price, of 200p, @197.55p.
NETeller joins AIM. Announcement as follows:
"NETeller plc, one of the leading online money transfer services, is pleased to announce the admission of its shares to trade on the Alternative Investment Market (AIM) of the London Stock Exchange plc.
Highlights:
In conjunction with the AIM Admission 15,000,000 new ordinary shares have been placed on behalf of the Company at a price of 200p per share. In addition 2,500,000 existing ordinary shares have been placed at a price of 200p on behalf of selling shareholders
As a result 30 million has been raised for the Company and 5 million for selling shareholders.
The Directors intend that the net proceeds of the Placing will be used for website development, to make acquisitions, and for general working capital.
The principal purposes of the Admission are to create a public market for the Company’s ordinary shares; to raise its profile and status; to enable employees to be incentivised by the grant of options in publicly traded shares; and to provide access to capital.
Canaccord Capital (Europe) Limited (“Canaccord”) is the Nominated Adviser and Joint Broker for the Admission. Durlacher Limited is also Joint Broker to the Admission.
Commenting on today’s announcement, Gord Herman, CEO of NETeller said: “The level of institutional support for NETeller’s placing has been very satisfying. Having successfully completed this stage of the Company’s development we are now committed to getting on and delivering for our shareholders.”
- Ends -
Overview
The NETeller Group operates an online money transfer service that utilises and extends the existing international banking structure to provide a secure means of transferring funds worldwide. A NETeller System account is like a virtual wallet which enables Members (an individual who has opened a NETeller account) to deposit, withdraw and transfer funds to any Merchant (or internet site) that supports NETeller System online payments for goods or services. In June 1999, Stephen Lawrence, the founder and major shareholder of the NETeller Group, conceived the idea of an ‘e-wallet’ that could be used to fund Internet based transactions without the security risk of processing each transaction at each separate Merchant site. In August 1999, John Lefebvre teamed up with Stephen Lawrence to develop the concept and to assist with raising capital.
As at 31 December 2003, there were approximately 586,500 Members using the NETeller system, growing at 1,600 per day. At the same point there were 1,250 Merchants registered to use the NETeller System. Since processing began in July 2000, an average of 30 new Merchants have been added each month.
To date the most receptive market segment to NETeller Group’s ‘e-wallet’ concept has been the online gambling market.
In 2000, private funds of US$200,000 were raised to establish the NETeller Group. Growth to date has been financed by internally generated cash flow.
Gord Herman, was appointed Chief Executive Officer in February 2003 and under his stewardship NETeller HAS INCREASED MONTHLY REVENUE from US$866,000 (September 2002) to approximately US$4.335m (December 2003). In the year ended 31 August 2003, NETeller generated annual profits of US$13.5m, before other income and expense.
ThirdEye - 15 Apr 2004 09:12 - 2 of 98
For those who like shorting this is one to look at.
100,000 after tax profit for 2003, a 240m market cap at float price of 2.
DYOR.
100,000 after tax profit for 2003, a 240m market cap at float price of 2.
DYOR.
hawick
- 15 Apr 2004 10:45
- 3 of 98
IC predicting 20 million profit for 2004.
Will really catch out the shorters I'm afraid Third Eye. Lots of rumoured huge new contracts as well. Current revenue growth over 500% pa. 30 million just been added to the bank, huge cash generation also fuelling growth. A few holders took profits yesterday but the institutions will be piling in here.
Strong buy.
Indeed this is the first Aim float in many years to be a potential FTSE 350 company within three years, which i believe is not impossible. The growth here is explosive, as the numbers above demonstrate.
Will really catch out the shorters I'm afraid Third Eye. Lots of rumoured huge new contracts as well. Current revenue growth over 500% pa. 30 million just been added to the bank, huge cash generation also fuelling growth. A few holders took profits yesterday but the institutions will be piling in here.
Strong buy.
Indeed this is the first Aim float in many years to be a potential FTSE 350 company within three years, which i believe is not impossible. The growth here is explosive, as the numbers above demonstrate.
ThirdEye - 15 Apr 2004 11:18 - 4 of 98
Operating profit?
Pre-tax Profit?
After tax profit?
What is the 20m profit?
Did you know Mr Lawrence has an annual $6m (3.3m) pay packet?
Why is he taking so much in such an early life of a plc?
Why has a Candadian Co, floated on AIM instead of the US?
Pre-tax Profit?
After tax profit?
What is the 20m profit?
Did you know Mr Lawrence has an annual $6m (3.3m) pay packet?
Why is he taking so much in such an early life of a plc?
Why has a Candadian Co, floated on AIM instead of the US?
hawick
- 15 Apr 2004 13:47
- 5 of 98
Proof of quality. The numbers from IC are:
"turnover soared from $8.2m to $36.0m and, with margins edging past 50 per cent, profits came out around $19m. This year it is expected that NETeller’s turnover will hit $71m and profits will be $37m."
(100k, I think NOT - beware the shorters and their misleading "publicity"!!).
Impressive! Shorting, lol, not a good move!!!!!!!! As soon as this one settles down and gets on a few broker radar screens, expect a big move up.
(I gather from a well respected poster at the fast improving www.unquoted.co.uk site that more Canadian companies will be listing in the UK later this year. Good news :) .) Such salaries are commonplace in Canada and the US - infact this one is relative peanuts.
Lots of cash in the bank as the institutions backed this welcome new addition to Aim - good to have such high profile additins to the UK markets.
"turnover soared from $8.2m to $36.0m and, with margins edging past 50 per cent, profits came out around $19m. This year it is expected that NETeller’s turnover will hit $71m and profits will be $37m."
(100k, I think NOT - beware the shorters and their misleading "publicity"!!).
Impressive! Shorting, lol, not a good move!!!!!!!! As soon as this one settles down and gets on a few broker radar screens, expect a big move up.
(I gather from a well respected poster at the fast improving www.unquoted.co.uk site that more Canadian companies will be listing in the UK later this year. Good news :) .) Such salaries are commonplace in Canada and the US - infact this one is relative peanuts.
Lots of cash in the bank as the institutions backed this welcome new addition to Aim - good to have such high profile additins to the UK markets.
ThirdEye - 15 Apr 2004 15:02 - 6 of 98
I unlike you have the prospectus, the profits are $256,000 before tax to Aug 03.
That is circa 100,000 after tax.
Your market cap is also 30m short on your Aimquoted post under Scotland. It was 230m at 190p.
But I see it's now down 11p & 185p to sell, so my view that it too expensive, it would appear the market agrees.
As for profit takers LOL, investors are locked in, so maybe it's the institutions getting cold feet, realising they have overpaid in what must have been more rosy times a few months ago.
That is circa 100,000 after tax.
Your market cap is also 30m short on your Aimquoted post under Scotland. It was 230m at 190p.
But I see it's now down 11p & 185p to sell, so my view that it too expensive, it would appear the market agrees.
As for profit takers LOL, investors are locked in, so maybe it's the institutions getting cold feet, realising they have overpaid in what must have been more rosy times a few months ago.
hawick
- 15 Apr 2004 15:59
- 7 of 98
Don't know why you insist on such out of date numbers, when the rate of growth here is so explosive and has made your numbers long since redundant.
From IC, for your benefit, again, as you appear to have missed it first time.
"turnover soared from $8.2m to $36.0m and, with margins edging past 50 per cent, profits came out around $19m. This year it is expected that NETeller’s turnover will hit $71m and profits will be $37m." No confusion there despite your protests.
Take it you have shorted this? Big mistake as you will all too soon realise, imho.
As for institutions buying and taking a loss, clearly that has confused you, they have plenty non-locked in Canadian holders. Institutions not that dopey.
From IC, for your benefit, again, as you appear to have missed it first time.
"turnover soared from $8.2m to $36.0m and, with margins edging past 50 per cent, profits came out around $19m. This year it is expected that NETeller’s turnover will hit $71m and profits will be $37m." No confusion there despite your protests.
Take it you have shorted this? Big mistake as you will all too soon realise, imho.
As for institutions buying and taking a loss, clearly that has confused you, they have plenty non-locked in Canadian holders. Institutions not that dopey.
ThirdEye - 15 Apr 2004 16:17 - 8 of 98
Explain what sort of profits then
Operating profit
Post tax profit
Or Pre-tax profit.
Numbers so out of date, they are the numbers of the last accounts available and the p/e of something like 2400 is derived from.
My numbers aren't forecasts they are factual, you can forecast 200m profit if you want.
If you read the prospectus rather than bulletin board research, you would know.
It isn't without risk either.....it's all in the prospectus, clearly explained :-)
Nice of a company to put out what was it $13.9m, profit BEFORE expenses in their first RNS......hmmm....guess some got confused.
Operating profit
Post tax profit
Or Pre-tax profit.
Numbers so out of date, they are the numbers of the last accounts available and the p/e of something like 2400 is derived from.
My numbers aren't forecasts they are factual, you can forecast 200m profit if you want.
If you read the prospectus rather than bulletin board research, you would know.
It isn't without risk either.....it's all in the prospectus, clearly explained :-)
Nice of a company to put out what was it $13.9m, profit BEFORE expenses in their first RNS......hmmm....guess some got confused.
ThirdEye - 22 Apr 2004 12:41 - 9 of 98
Perhaps my question was too difficult?
183p bid, it appears the bulls have gone quiet on this one, I guess they have moved on to something else, this one isn't working out.
I expect it to go below 180p on the bid.
183p bid, it appears the bulls have gone quiet on this one, I guess they have moved on to something else, this one isn't working out.
I expect it to go below 180p on the bid.
ThirdEye - 22 Apr 2004 16:23 - 10 of 98
Down another 3p not too long to go before they get sub 180.
ThirdEye - 23 Apr 2004 08:24 - 11 of 98
180p bid this morning, could break the sub 180 sooner than I expected.
ThirdEye - 26 Apr 2004 13:35 - 12 of 98
Hawick said:
"Strong buy.
Indeed this is the first Aim float in many years to be a potential FTSE 350 company within three years, which i believe is not impossible. The growth here is explosive, as the numbers above demonstrate."
Down another 4.5p today, more like it's heading for the small cap index at this rate.....I would think in a few weeks it may settle @ 150p.
"Strong buy.
Indeed this is the first Aim float in many years to be a potential FTSE 350 company within three years, which i believe is not impossible. The growth here is explosive, as the numbers above demonstrate."
Down another 4.5p today, more like it's heading for the small cap index at this rate.....I would think in a few weeks it may settle @ 150p.
MrDavis - 26 Apr 2004 13:56 - 13 of 98
hawick you seem to have gone quiet, where have you gone, i'm sure if the price moves up you'll be on here gloating about how right you were, but yet when it goes against you, SILENCE!!!!!!!!!!
ThirdEye - 26 Apr 2004 15:13 - 14 of 98
lol
ThirdEye - 05 May 2004 08:18 - 15 of 98
Now after today's release is the time to consider these at a much lower price!
PRESS INFORMATION
For Immediate Release 5 May 2004
NETELLER REPORTS STRONG GROWTH
WITH TRADING FIGURES FOR QUARTER 1
NETeller plc ('NETeller' or the 'Company'), the leading global online money
transfer provider, today announces its trading figures for the period 1 January
2004 to 31 March 2004, ('Quarter 1'). Neteller in accordance with the AIM rules
will in due course produce Interim results for the six month period ending 30
June 2004
HIGHLIGHTS:
Revenues
2004 - Q1 $15.4 million; 2003 - Q4 $12.5 million - representing a 23%
increase
This represents a 161% increase in revenue against Q1 2003, which was
$5.9 million
Gross Margin
2004 - Q1 69.5%; 2003 - Q4 70.7%
The gross margin for Q1 2003 was 71.2%
Margin maintained despite the Company's ramp up to facilitate the
anticipated growth and the European and Asian expansion efforts. The
Company believes that 'Normalised' Gross Margins have improved
dramatically.
EBITDA
2004 - Q1 $9.3 million; 2003 - Q4 $6.9 million, representing a 35%
increase
This represents a 138% increase in EBITDA against Q1 2003, which was $3.9
million
Net Income
2004 - Q1 $6.3 million; 2003 - Q4 $1.9 million, representing a 231%
increase
Net Income includes certain non-reoccurring management and shareholder
compensation schemes that were incorporated as part of being a private
company and as such is not a true indication of the company's performance
Average Daily Sign Ups
2004 - Q1 1,634; 2003 - Q4 1,068, representing a 53% increase
Average daily signups were 715 in Q1 2003
Total members were 735,168 at end of Q1
Average Daily Deposits
2004 - Q1 $1.4 million, 2003 - Q4 $1.1 million, representing a 27%
increase
Deposits are up by 187% over Q1 2003 which was $500,191
Other Events
European Expansion - the company launched its European platform on 17
February 2004 and is continuing to see strong growth in this market
Commenting on today's announcement, Gord Herman, CEO of NETeller, said:
'NETeller continues to perform strongly, and has exceeded our growth aspirations
in all categories. We are exploring a number of exciting opportunities to
develop the Company's global presence and our recent admission to AIM will help
us achieve our goals.'
Detailed quarterly financial information (All figures in $US):
Unaudited
Actual Actual Actual Actual Actual Calendar
Q1 - 04 Q1 - 03 Q2 - 03 Q3 - 03 Q4 - 03 Yearend 03
Revenues 15,399,607 5,939,608 6,941,016 10,337,982 12,499,810 35,718,416
Direct 4,702,086 1,705,916 2,395,367 3,826,110 3,819,027 11,746,420
Costs
General 1,393,368 324,727 670,589 1,047,329 1,789,318 3,831,963
and
Admin
EBITDA 9,304,153 3,908,965 3,875,060 5,464,543 6,891,465 20,140,033
Other 1,605,358 4,071,614 4,036,438 4,958,531 4,811,299 17,877,882
Expenses*
Income 1,347,289 (44,500) (44,500) 31,678 81,456 24,134
taxes
Net Income* 6,351,506 (118,149) (116,878) 474,334 1,998,710 2,238,017
Daily Sign 1,634 715 715 1,114 1,068
ups
Total 735,168 320,030 385,796 488,252 586,477
Members
Average 1,434,897 500,191 585,406 960,221 1,142,282
Daily
Deposit
* denotes amortization and non reoccurring shareholder remuneration expenses
EPS is not applicable as the Company was a Private entity
Further enquiries to:
NETeller
Gord Herman, Chief Executive 020 7796 9999
Eric Hughes, Chief Financial Officer
PRESS INFORMATION
For Immediate Release 5 May 2004
NETELLER REPORTS STRONG GROWTH
WITH TRADING FIGURES FOR QUARTER 1
NETeller plc ('NETeller' or the 'Company'), the leading global online money
transfer provider, today announces its trading figures for the period 1 January
2004 to 31 March 2004, ('Quarter 1'). Neteller in accordance with the AIM rules
will in due course produce Interim results for the six month period ending 30
June 2004
HIGHLIGHTS:
Revenues
2004 - Q1 $15.4 million; 2003 - Q4 $12.5 million - representing a 23%
increase
This represents a 161% increase in revenue against Q1 2003, which was
$5.9 million
Gross Margin
2004 - Q1 69.5%; 2003 - Q4 70.7%
The gross margin for Q1 2003 was 71.2%
Margin maintained despite the Company's ramp up to facilitate the
anticipated growth and the European and Asian expansion efforts. The
Company believes that 'Normalised' Gross Margins have improved
dramatically.
EBITDA
2004 - Q1 $9.3 million; 2003 - Q4 $6.9 million, representing a 35%
increase
This represents a 138% increase in EBITDA against Q1 2003, which was $3.9
million
Net Income
2004 - Q1 $6.3 million; 2003 - Q4 $1.9 million, representing a 231%
increase
Net Income includes certain non-reoccurring management and shareholder
compensation schemes that were incorporated as part of being a private
company and as such is not a true indication of the company's performance
Average Daily Sign Ups
2004 - Q1 1,634; 2003 - Q4 1,068, representing a 53% increase
Average daily signups were 715 in Q1 2003
Total members were 735,168 at end of Q1
Average Daily Deposits
2004 - Q1 $1.4 million, 2003 - Q4 $1.1 million, representing a 27%
increase
Deposits are up by 187% over Q1 2003 which was $500,191
Other Events
European Expansion - the company launched its European platform on 17
February 2004 and is continuing to see strong growth in this market
Commenting on today's announcement, Gord Herman, CEO of NETeller, said:
'NETeller continues to perform strongly, and has exceeded our growth aspirations
in all categories. We are exploring a number of exciting opportunities to
develop the Company's global presence and our recent admission to AIM will help
us achieve our goals.'
Detailed quarterly financial information (All figures in $US):
Unaudited
Actual Actual Actual Actual Actual Calendar
Q1 - 04 Q1 - 03 Q2 - 03 Q3 - 03 Q4 - 03 Yearend 03
Revenues 15,399,607 5,939,608 6,941,016 10,337,982 12,499,810 35,718,416
Direct 4,702,086 1,705,916 2,395,367 3,826,110 3,819,027 11,746,420
Costs
General 1,393,368 324,727 670,589 1,047,329 1,789,318 3,831,963
and
Admin
EBITDA 9,304,153 3,908,965 3,875,060 5,464,543 6,891,465 20,140,033
Other 1,605,358 4,071,614 4,036,438 4,958,531 4,811,299 17,877,882
Expenses*
Income 1,347,289 (44,500) (44,500) 31,678 81,456 24,134
taxes
Net Income* 6,351,506 (118,149) (116,878) 474,334 1,998,710 2,238,017
Daily Sign 1,634 715 715 1,114 1,068
ups
Total 735,168 320,030 385,796 488,252 586,477
Members
Average 1,434,897 500,191 585,406 960,221 1,142,282
Daily
Deposit
* denotes amortization and non reoccurring shareholder remuneration expenses
EPS is not applicable as the Company was a Private entity
Further enquiries to:
NETeller
Gord Herman, Chief Executive 020 7796 9999
Eric Hughes, Chief Financial Officer
hawick
- 05 May 2004 14:38
- 16 of 98
Haven't been here for a while, because there was no new information, (happy to let other vessels prematurely claim hollow 'successes'), until today, I see the news has been posted already.
Having a little difficulty equating:
'NETeller continues to perform strongly, and has exceeded our growth aspirations
in all categories.'
With the previous contributor's conclusion:
'time to consider these at a much lower price.'
?? Sure you can explain. Up 13.5p since your post. :confused: ??
Soon be above float price imho. :)
Having a little difficulty equating:
'NETeller continues to perform strongly, and has exceeded our growth aspirations
in all categories.'
With the previous contributor's conclusion:
'time to consider these at a much lower price.'
?? Sure you can explain. Up 13.5p since your post. :confused: ??
Soon be above float price imho. :)
hawick
- 06 May 2004 18:38
- 17 of 98
Well well, we do like ambiguity. I see you have come round to my way of thinking and Bought Neteller Third Eye!!!! At least according to yourpost on the finny farm.
From 'heading for the small cap index' to a shareholder within a couple of weeks. Perhaps he has taken a salary cut or something to convince you to do a U-turn? You seemed very worried about that.
My my, What a tangled web we weave!
Welcome aboard.
From 'heading for the small cap index' to a shareholder within a couple of weeks. Perhaps he has taken a salary cut or something to convince you to do a U-turn? You seemed very worried about that.
My my, What a tangled web we weave!
Welcome aboard.
moneyplus
- 23 Jun 2004 15:15
- 18 of 98
The price is dropping like a stone, I am watching but have not bought though I like the growth story. Is this the time to buy?? I am very tempted--any views on this. Third eye you must have a comment to make as it is going in the right direction for you. regards MP
ThirdEye - 23 Jun 2004 15:44 - 19 of 98
Yes seems I'm good at picking stocks to short mp.
moneyplus
- 13 Aug 2004 21:38
- 20 of 98
I have now bought a few as they are rising slowly-fingers crossed the September figures are going to be exciting!!
moneyplus
- 02 Sep 2004 01:36
- 21 of 98
Price has broken through the float price fingers crossed for good results!
artey - 02 Sep 2004 07:37 - 22 of 98
lookslike the results are exactly what you were hoping for. Which way now and how much?
hawick
- 02 Sep 2004 12:13
- 23 of 98
Anyone still short?? Could be expensive!
moneyplus
- 03 Sep 2004 01:40
- 24 of 98
Fantastic results--why the drop in SP? What more do they want from this company. I am holding long term.
moneyplus
- 06 Sep 2004 19:22
- 25 of 98
Hawick are you happy? Lovely rise today --at last the market is beginning to wake up to this company. It took them long enough and still no brokers notes or press comment, we'll be smiling when they do. Sadly I 've only got 1200 but hope to add when funds permit as I think the price in a years time will have at least doubled! Fingers crossed DYOR.
moneyplus
- 07 Sep 2004 02:27
- 26 of 98
simonpaynton
- 10 Sep 2004 09:01
- 27 of 98
RNS Number:7922C
NETeller PLC
10 September 2004
NETELLER PLC
NETeller plc signs up it 1,000,000th member
10th September 2004
NETeller plc, a leading online money transfer service provider, officially
signed up its 1,000,000th member on 6 September at 6:09 PM, reaching this
significant milestone only four years after the Company's inception.
Gord Herman, Neteller President and CEO said "Neteller signed up its first
member in July of 2000. Attracting 1,000,000 members this quickly is a major
achievement and is testament to Neteller's strong customer service focus. With
1500 online merchants serving our 1 million members from over 100 countries,
Neteller has established itself as a truly global money transfer service."
Mr. Herman also added, "Based on our expected growth, we plan to achieve the 2
million member mark within the next 12 months."
Enquiries
Gordon Herman, Chief Executive Tel: 44 (0) 1624 698 703
Dale Johnson, VP Strategy & Corporate Development Tel: +44 (0) 1624 456 705
Citigate Dewe Rogerson Tel: +44 (0) 207 638 9571
Sarah Gestetner/Seb Hoyle/George Cazenove
Notes to Editors
The NETeller Group
The NETeller Group operates an online money transfer service that utilises and
extends the existing international banking structure to provide a secure means
of transferring funds worldwide. A NETeller account acts as a virtual wallet
that enables members (individuals who open NETeller accounts) to deposit,
withdraw and transfer funds. Funds can be instantly transferred to or from any
merchant (or internet site) that supports NETeller's online payments system for
goods and services. Additionally, funds can be transferred between members in
peer-to-peer exchanges.
NETeller listed on the London AIM market in April 2004 (Ticker: NLR).
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUKRSRSORKRAR
NETeller PLC
10 September 2004
NETELLER PLC
NETeller plc signs up it 1,000,000th member
10th September 2004
NETeller plc, a leading online money transfer service provider, officially
signed up its 1,000,000th member on 6 September at 6:09 PM, reaching this
significant milestone only four years after the Company's inception.
Gord Herman, Neteller President and CEO said "Neteller signed up its first
member in July of 2000. Attracting 1,000,000 members this quickly is a major
achievement and is testament to Neteller's strong customer service focus. With
1500 online merchants serving our 1 million members from over 100 countries,
Neteller has established itself as a truly global money transfer service."
Mr. Herman also added, "Based on our expected growth, we plan to achieve the 2
million member mark within the next 12 months."
Enquiries
Gordon Herman, Chief Executive Tel: 44 (0) 1624 698 703
Dale Johnson, VP Strategy & Corporate Development Tel: +44 (0) 1624 456 705
Citigate Dewe Rogerson Tel: +44 (0) 207 638 9571
Sarah Gestetner/Seb Hoyle/George Cazenove
Notes to Editors
The NETeller Group
The NETeller Group operates an online money transfer service that utilises and
extends the existing international banking structure to provide a secure means
of transferring funds worldwide. A NETeller account acts as a virtual wallet
that enables members (individuals who open NETeller accounts) to deposit,
withdraw and transfer funds. Funds can be instantly transferred to or from any
merchant (or internet site) that supports NETeller's online payments system for
goods and services. Additionally, funds can be transferred between members in
peer-to-peer exchanges.
NETeller listed on the London AIM market in April 2004 (Ticker: NLR).
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUKRSRSORKRAR
simonpaynton
- 10 Sep 2004 09:02
- 28 of 98
Just purchased some of these, these guys really know how to gen cash...
Lets hope it contiunes
Lets hope it contiunes
moneyplus
- 10 Sep 2004 15:22
- 29 of 98
Still rising and yet very little press comment I'm holding on to mine for when the City wakes up to the potential in this company. Thanks Simon for info.
simonpaynton
- 16 Sep 2004 15:11
- 30 of 98
Still going the good way, moneyplus, how long have you held these???
The only thing that concerns me with this share is any change in the gambling laws in the US that could harm its markets...
The only thing that concerns me with this share is any change in the gambling laws in the US that could harm its markets...
moneyplus
- 23 Sep 2004 14:28
- 31 of 98
Bought at 165 just a few weeks before results. I am watching them slip back now but i think the long term price is way above current levels. cant make a decision on taking profits or not---it only needs a few tip sheets/analysts to start talking about them for the price to go north again.
moneyplus
- 21 Oct 2004 14:58
- 32 of 98
This one is really taking off again-anyone have any info. on why?? I am tempted to take some profits but think this has great long term promise.
moneyplus
- 21 Oct 2004 15:03
- 33 of 98
Have just read that they have been authorised by the FSA opening new markets for them. Good stuff-anyone else still in?
capa - 21 Oct 2004 16:09 - 34 of 98
moneyplus - RNS out today, approval from FSA. Do not sell yet these are going higher. Fantastic growth on a low p/e.
capa
capa
HUSTLER
- 21 Oct 2004 17:49
- 35 of 98
moneyplus - NETeller
up 18% today on news of authorisation from fsa to oporate as a reglated
e-money issuer.
also the momentum investor tipped this stock in this months issue @ 2.49
and views it as a potential multibagger, i am holding on as news will almost
certainly be positive following fsa approval.
hope this helps.
regards HUSTLER
up 18% today on news of authorisation from fsa to oporate as a reglated
e-money issuer.
also the momentum investor tipped this stock in this months issue @ 2.49
and views it as a potential multibagger, i am holding on as news will almost
certainly be positive following fsa approval.
hope this helps.
regards HUSTLER
moneyplus
- 21 Oct 2004 19:58
- 36 of 98
Getting more excited by the minute to have finally picked a good!! I've had some real dogs lately so I'm holding on to this one. I feel it could go a long way up.
capa - 22 Oct 2004 08:28 - 37 of 98
moneyplus - ditch those dogs and run your winners :-)
capa
capa
simonpaynton
- 22 Oct 2004 08:44
- 38 of 98
I am glad I have hung in, still moving this morning, and that good news was mighty good :)
Simon
Simon
moneyplus
- 22 Oct 2004 10:37
- 39 of 98
Expect some profit taking from lunchtime--then I hope more buying before the close. Who thinks 5 a share soon??
capa - 25 Oct 2004 16:29 - 40 of 98
Expected some sort of retracement today, nice surprise to see hitting a new high instead.
capa
capa
HUSTLER
- 25 Oct 2004 18:13
- 41 of 98
pleasent surprise to see still rising today as the market took a hit, support
still appears to be good,hang in for more.
regards HUSTLER
still appears to be good,hang in for more.
regards HUSTLER
moneyplus
- 25 Oct 2004 19:49
- 42 of 98
Some very large buys showing on Comdirect and only small sells-I think the institutions must be picking this up now. Still no real press comment though, I can't understand why all this good news and excellent trading is ignored!!
The SP will take off again when Shares and IC feature NLR. I'm hanging in!!
The SP will take off again when Shares and IC feature NLR. I'm hanging in!!
capa - 29 Oct 2004 13:46 - 43 of 98
180,000 T trade, this could be ready for another push. So soon after the last one !!
capa
capa
Dil
- 29 Oct 2004 14:35
- 44 of 98
Can't believe there is so little interest on this bb !
capa - 29 Oct 2004 14:55 - 45 of 98
Dil, don't complain about it, I always think it a good sign. Indicates that you have got in early before the herd and as such got a better price. Wait until these are being tipped by everyone at 4.00 and smile.
I started a thread on NRG when the price was under 1.40, nobody but me contributed so I gave up posting. Sold out a couple of months later at 1.70 for a nice 20% profit.
capa
I started a thread on NRG when the price was under 1.40, nobody but me contributed so I gave up posting. Sold out a couple of months later at 1.70 for a nice 20% profit.
capa
moneyplus
- 29 Oct 2004 19:01
- 46 of 98
I read somewhere they hope to be given the contract for the massive Asian gambling market--this could be waiting in the wings and keeping the share steady. I expected some profit taking but only small sells and some big buys coming through. Anyone heard of this new deal for NLR?
capa - 01 Nov 2004 08:45 - 47 of 98
not heard of any deal Moneyplus but there has been talk of NLR lookng to tackle the Asian market. Makes your eyes water to think of the earning potential there.
capa
capa
moneyplus
- 01 Nov 2004 14:48
- 48 of 98
I may be very optimistic but I expect that NLR will at least double again over the next twelve months. I just can't see any reason for this company to stall--maybe PAY might be strong competition but don't know enough about it yet to comment. Another one worth watching though IMHO.
capa - 01 Nov 2004 14:59 - 49 of 98
moneyplus, if we keep getting buys like that 150,000 thats just gone through I agree that the price may double. Not quite sure where the mms are getting the shares from !
capa
capa
moneyplus
- 01 Nov 2004 15:09
- 50 of 98
That may be a sign the institutions are buying in--agree about where the shares are coming from. They are not getting mine!!
capa - 01 Nov 2004 15:21 - 51 of 98
hard to see what is a fair price, earnings are going to outstrip any forecasts by a country mile and the growth is enormous. Just feel that current price is low.
capa
capa
capa - 01 Nov 2004 16:23 - 52 of 98
I think it can be assumed that 250,000 T trade is a buy.
capa
capa
moneyplus
- 01 Nov 2004 18:20
- 53 of 98
I heard on the grapevine the directors are doing the rounds to keep the fund managers on side---so far so good!! Good day today. Any comments on PAY? This is new to market and I would like to buy as soon as I can squeeze some funds from somewhere, can't at the moment but I think it will be a while before this gets going a bit like NLR.
bazzerp - 05 Nov 2004 13:51 - 54 of 98
Good buying opportunity today. NLR down 10% to under 300p. Rumoured to be Directors selling a little of their 59% share holding BUT unconfirmed.
bazzer
bazzer
goldfinger
- 05 Nov 2004 14:13
- 55 of 98
Spot on Bazzerp, just opened a new position at 294p. Momentum investor had these as main tip in October and said at a price of 255p these could easily be a Bagger, way undervalued and one of the best opportunitys around.
cheers GF.
cheers GF.
moneyplus
- 05 Nov 2004 15:25
- 56 of 98
I'd like to see a bit more of a pull back then I'm in again- definitely a long term buy and I see on ComD the buyers are coming back in before the market closes.
capa - 05 Nov 2004 15:32 - 57 of 98
Well if its a placing of shares this should help liquidity.
No shortage of demand imo
capa
No shortage of demand imo
capa
Dil
- 05 Nov 2004 16:34
- 58 of 98
Added more.
goldfinger
- 05 Nov 2004 20:58
- 59 of 98
Just done some quick figures on the new share price.
Market cap now 342 million,
Forward P/E to Dec 2004 is 16.2 Ex net cash.
based on 27% after tax profit
Forward P/E to Dec 2005 is 10.9 Ex net cash.
based on 10% after tax profit. (offshore tax rate kicks in)
Strip out the net cash and the P/E falls even lower.
Doesnt take account of acquisitions or movement into other markets other than gambling.
Pretty cheap I feel with all its got going forward for it.
Profit figs provided by durlacher 2004 $51.4 million, 2005 $62.3 million, but these figures could be very conservative.
cheers GF.
Market cap now 342 million,
Forward P/E to Dec 2004 is 16.2 Ex net cash.
based on 27% after tax profit
Forward P/E to Dec 2005 is 10.9 Ex net cash.
based on 10% after tax profit. (offshore tax rate kicks in)
Strip out the net cash and the P/E falls even lower.
Doesnt take account of acquisitions or movement into other markets other than gambling.
Pretty cheap I feel with all its got going forward for it.
Profit figs provided by durlacher 2004 $51.4 million, 2005 $62.3 million, but these figures could be very conservative.
cheers GF.
goldfinger
- 06 Nov 2004 13:24
- 60 of 98
Small piece in the today's Telegraph ...
Neteller, an online money transfer provider quoted on Aim, tumbled 40 to 286.5p on talk that 16 founding investors were trying to sell around 75m-worth of stock. The chatter was that between 25m-30m shares were being placed at around 280p a share with institutions.ENDS
Should in theory then put a short term floor on the shares of 280p and at the same time improve liquidity.
Could take a few days to recover, but Im sure this ones got growth written all over it.
cheers GF.
Neteller, an online money transfer provider quoted on Aim, tumbled 40 to 286.5p on talk that 16 founding investors were trying to sell around 75m-worth of stock. The chatter was that between 25m-30m shares were being placed at around 280p a share with institutions.ENDS
Should in theory then put a short term floor on the shares of 280p and at the same time improve liquidity.
Could take a few days to recover, but Im sure this ones got growth written all over it.
cheers GF.
moneyplus
- 06 Nov 2004 21:36
- 61 of 98
I agree it will take a while to gain momentum again but I'm back in on the drop as there was buying towards the market close. Hope my timing is right!
goldfinger
- 08 Nov 2004 01:46
- 62 of 98
HAWICK, could we please have a new header, this is a great growth share as you have pointed out it deserves more.
cheers GF. Come on Jim.
cheers GF. Come on Jim.
goldfinger
- 08 Nov 2004 02:39
- 63 of 98
An excelent interview...................
THE NEWS WIRES
10/26/2004
TOW Exclusive Interview
Dale Johnson, Neteller Executive Vice President
TOW: What, if anything, has changed after Neteller went public?
Neteller: There have been many changes in the six months since NETeller floated on the AIM. Following are some examples:
Membership in NETeller has increased by over 50 % to more than one million.
Daily receipts of funds for the purchase of e-money has also increased by more than 50 % to more than US $2 million daily.
NETeller UK Limited has become authorised by the Financial Services Authority (FSA) as an e-money issuer pursuant to the FSA's e-Money Directive.
Increased awareness and understanding of NETeller has been created within the investment community and NETeller's share price has increased by more than 50%.
Preparatory work has continued in relation to penetration of the European and Asian markets, including development of local relationships and banking arrangements to enable funds transfers.
The sign-up module on NETeller's site has been rebuilt and launched, resulting in improvements in conversion of visitors to new members.
The senior management team has been established in the Isle of Man, fulfilling a key requirement for qualifying most of the NETeller's income as being earned in the Isle of Man , resulting in a substantial reduction in the effective tax rate, expected to commence in 2004Q4.
TOW: How are the two plans of expansion, Neteller Europe and Neteller Asia, going?
Neteller: Preparatory work has continued in relation to penetration of the European and Asian markets, including development of local relationships and banking arrangements to enable funds transfers. News flow over the coming weeks will update investors on these developments.
NETeller UK Limited, a subsidiary of NETeller plc, has received authorisation from the Financial Services Authority (FSA) to operate as a regulated e-money issuer. The Company intends to passport' this regulated status into all 25 EU member states, which is accepted practice and opens previously untapped markets for the Company. This opens the way for NETeller to aggressively promote its activities in Europe , and to capitalise on and grow the European customer base historically serviced by its Canadian sister company. It gives the Company increased competitive edge over unregulated companies that operate in the EU in this sector and that are likely to come under increased scrutiny by the regulators. Authorisation by the FSA also enhances NETeller's credibility in many Asian jurisdictions.
TOW: Neteller and the gaming Industry : to which extent has Neteller benefited from servicing the gaming Industry?
Neteller: NETeller sells and converts e-money using an e-wallet to enable settlement of online transactions. The attributes of this e-wallet include real-time transfer of e-money both to and from online merchants. Moreover, NETeller indemnifies merchants with 100 % non-refutable funds. These attributes create a strong value proposition in the online gaming industry (where there is a two-way flow of funds) and, accordingly, the online gaming industry has been a ready adopter of NETeller's services. The online gaming industry comprises NETeller's largest customer group. The second largest customer group involves peer-to-peer funds transfers.
TOW: Which are the problems that Neteller has had or is facing because of servicing the gaming Industry?
Neteller: The UK has indicated its support of becoming a global centre of excellence within the gaming industry, including the online gaming industry. Legislation is being developed to strengthen the regulatory environment for gaming in the UK . Accordingly, the UK is a favourable environment for gaming merchants.
Although NETeller is not a gaming company, the gaming industry is a major user of e-money issued by NETeller.
NETeller has not encountered direct problems related to selling e-money that is subsequently used in settlement of gaming transactions. However, online gaming merchants are restricted from operating in the USA (excepting certain carve-outs) and, as a result, serve US customers from offshore locations. The uncertain regulatory environment in the USA could change in ways that become more restrictive for offshore gaming merchants, thereby reducing the corresponding business volume. It is to this extent that the demand for e-money could be reduced and NETeller could experience a reduction in business volume.
TOW: Neteller and credit cards deposit : do you have any future plans to bypass the 7995 coding problem?
Neteller: Technically, a member funding his or her NETeller e-wallet using a credit card should not be coded 7995, since the member is purchasing e-money for use in settlement of online transactions (which are not limited to gaming transactions). Many issuing banks in North America perceive that, if a card holder is purchasing e-money from NETeller, there is a relatively high probability that some of the e-money will be used for settling gaming transactions. Online gaming transactions are among those characterized by high charge-backs and, accordingly, these issuing banks wish to avoid the risks and do so by coding purchases of e-money from NETeller as 7995 and not authorising the credit card transaction requests. Some issuing banks accept a limited volume of such transactions. In the EU, the majority of issuing banks accept these transactions (although an increasing number are following the pattern in North America as a risk management measure).
As NETeller expands its operations both geographically and in terms of served markets, we will seek clarification and amendment of the coding in instances where it serves the company's interests. Restrictions resulting from 7995 coding of credit card transactions directly with gaming merchants actually amplifies NETeller's value proposition.
TOW: Neteller fees: merchants usually fingerpoint at Neteller when questioned about fees they impose to their customers. How would you address this accusation?
Neteller: Members can use the NETeller system without paying any fees and many do. In some countries, members have the choice of using InstaCash to enable immediate settlement of online purchases rather than waiting a few days of clearing time for funding of their e-wallets. In these instance, members pay a fee of 8.9 %. NETeller actually loses money on first-time users of InstaCash due to bad debt. While there is understandable preference that this fee be lower, most members still choose the InstaCash option rather than funding their e-wallets in advance. We continue to improve management of bad debt and we will also continue to evaluate the member fee levels.
Merchants pay fees whenever payments are made from NETeller e-wallets on behalf of members, just as banks do when cards are used. While merchants always prefer lower fee levels for any payments schemes, NETeller's "transfer to" fees are attractive relative to those charged by card schemes when the charge-back costs are accounted for (and payments received through NETeller are fully indemnified).
Although not directly tied to fees, security of funds is a benefit that both members and merchants realize by using NETeller and paying the corresponding fees. More specifically, 100 % of all member and merchant funds in the NETeller system are held in segregated trust accounts and NETeller has no right of offset in connection with these trust accounts. These accounts are audited daily. In other words, members and merchants are afforded the comfort that their funds are secure independent of what happens within NETeller.
TOW: How would Neteller perceive the existence of a serious competitor and how would this affect Neteller in your opinion?
Neteller: NETeller has serious competitors and we closely monitor their activities. We know that, while we have established critical mass and a large member base, we are in a competitive race.
TOW: Neteller and security: do you believe your platform is secure and/or are you planning to add new security features in the near future?
Neteller: NETeller has prioritized security -- this is reflected by a sizeable, world-class security team within NETeller. NETeller is, at its core, a risk management company and security is the cornerstone of managing risk.
There are many dimensions to security of the NETeller platform, ranging from security and redundancy in physical system infrastructure to authenticating identity to privacy of information to protection from fraud and more. NETeller has a robust platform from a security perspective. However, security is a moving target, requiring that security be constantly improved. NETeller's value proposition, including indemnification of merchants and InstaCash, is underpinned by a strong identity engine and work is ongoing to continuously improve our identity capabilities.
TOW: Does Neteller share its customers/merchants data with any public or private entity with or without consent of its users?
Neteller: No -- Neteller takes Data Protection and client privacy extremely seriously. Neteller uses the privileged information our clients share with us in a manner that is entirely consistent with the Privacy statement our clients agree to when establishing a Neteller account.
TOW: Neteller and United States users: are there any existing restrictions with any particular State and or do you foresee any upcoming restriction?
Neteller: Neteller applies a number of restrictions and limitations on members from various parts of the world, not specifically the US , based on the fraud risks that are prevalent at any given point of time. There are parts of the US, as there are parts of the world at large, that present a more significant fraud threat to Neteller and as such receive the focus of more stringent rules and restrictions than others.
TOW: New plans: which are Neteller new goals and future plans of expansion (if any) for North America?
Neteller: The immediate priority for NETeller is to develop a strong global payments platform through geographic expansion in Asia and Europe.
NETeller does plan to expand its North American operations and future news flow will update investors on the details. For example, NETeller's naturally growing involvement in the peer-to-peer online money transfer business will be further expanded. We are also examining certain types of B2B markets where two-way flows of funds are needed.
TOW: What can users and customers expect from Neteller in the future?
Neteller: NETeller has over one million members and is adding more than 2000 members daily. The demographics of NETeller's member base align closely with the desirable attributes of bank customers (i.e. well educated, good income levels with discretionary spending capability, etc.). It follows that this member base can be leveraged to achieve greater "wallet share" through the addition of financial products to NETeller's offering. Accordingly, it is expected that, in the long term, NETeller will evolve into Internet banking. This will, of course, require additional regulatory compliance measures in multiple jurisdictions.
cheers GF.
THE NEWS WIRES
10/26/2004
TOW Exclusive Interview
Dale Johnson, Neteller Executive Vice President
TOW: What, if anything, has changed after Neteller went public?
Neteller: There have been many changes in the six months since NETeller floated on the AIM. Following are some examples:
Membership in NETeller has increased by over 50 % to more than one million.
Daily receipts of funds for the purchase of e-money has also increased by more than 50 % to more than US $2 million daily.
NETeller UK Limited has become authorised by the Financial Services Authority (FSA) as an e-money issuer pursuant to the FSA's e-Money Directive.
Increased awareness and understanding of NETeller has been created within the investment community and NETeller's share price has increased by more than 50%.
Preparatory work has continued in relation to penetration of the European and Asian markets, including development of local relationships and banking arrangements to enable funds transfers.
The sign-up module on NETeller's site has been rebuilt and launched, resulting in improvements in conversion of visitors to new members.
The senior management team has been established in the Isle of Man, fulfilling a key requirement for qualifying most of the NETeller's income as being earned in the Isle of Man , resulting in a substantial reduction in the effective tax rate, expected to commence in 2004Q4.
TOW: How are the two plans of expansion, Neteller Europe and Neteller Asia, going?
Neteller: Preparatory work has continued in relation to penetration of the European and Asian markets, including development of local relationships and banking arrangements to enable funds transfers. News flow over the coming weeks will update investors on these developments.
NETeller UK Limited, a subsidiary of NETeller plc, has received authorisation from the Financial Services Authority (FSA) to operate as a regulated e-money issuer. The Company intends to passport' this regulated status into all 25 EU member states, which is accepted practice and opens previously untapped markets for the Company. This opens the way for NETeller to aggressively promote its activities in Europe , and to capitalise on and grow the European customer base historically serviced by its Canadian sister company. It gives the Company increased competitive edge over unregulated companies that operate in the EU in this sector and that are likely to come under increased scrutiny by the regulators. Authorisation by the FSA also enhances NETeller's credibility in many Asian jurisdictions.
TOW: Neteller and the gaming Industry : to which extent has Neteller benefited from servicing the gaming Industry?
Neteller: NETeller sells and converts e-money using an e-wallet to enable settlement of online transactions. The attributes of this e-wallet include real-time transfer of e-money both to and from online merchants. Moreover, NETeller indemnifies merchants with 100 % non-refutable funds. These attributes create a strong value proposition in the online gaming industry (where there is a two-way flow of funds) and, accordingly, the online gaming industry has been a ready adopter of NETeller's services. The online gaming industry comprises NETeller's largest customer group. The second largest customer group involves peer-to-peer funds transfers.
TOW: Which are the problems that Neteller has had or is facing because of servicing the gaming Industry?
Neteller: The UK has indicated its support of becoming a global centre of excellence within the gaming industry, including the online gaming industry. Legislation is being developed to strengthen the regulatory environment for gaming in the UK . Accordingly, the UK is a favourable environment for gaming merchants.
Although NETeller is not a gaming company, the gaming industry is a major user of e-money issued by NETeller.
NETeller has not encountered direct problems related to selling e-money that is subsequently used in settlement of gaming transactions. However, online gaming merchants are restricted from operating in the USA (excepting certain carve-outs) and, as a result, serve US customers from offshore locations. The uncertain regulatory environment in the USA could change in ways that become more restrictive for offshore gaming merchants, thereby reducing the corresponding business volume. It is to this extent that the demand for e-money could be reduced and NETeller could experience a reduction in business volume.
TOW: Neteller and credit cards deposit : do you have any future plans to bypass the 7995 coding problem?
Neteller: Technically, a member funding his or her NETeller e-wallet using a credit card should not be coded 7995, since the member is purchasing e-money for use in settlement of online transactions (which are not limited to gaming transactions). Many issuing banks in North America perceive that, if a card holder is purchasing e-money from NETeller, there is a relatively high probability that some of the e-money will be used for settling gaming transactions. Online gaming transactions are among those characterized by high charge-backs and, accordingly, these issuing banks wish to avoid the risks and do so by coding purchases of e-money from NETeller as 7995 and not authorising the credit card transaction requests. Some issuing banks accept a limited volume of such transactions. In the EU, the majority of issuing banks accept these transactions (although an increasing number are following the pattern in North America as a risk management measure).
As NETeller expands its operations both geographically and in terms of served markets, we will seek clarification and amendment of the coding in instances where it serves the company's interests. Restrictions resulting from 7995 coding of credit card transactions directly with gaming merchants actually amplifies NETeller's value proposition.
TOW: Neteller fees: merchants usually fingerpoint at Neteller when questioned about fees they impose to their customers. How would you address this accusation?
Neteller: Members can use the NETeller system without paying any fees and many do. In some countries, members have the choice of using InstaCash to enable immediate settlement of online purchases rather than waiting a few days of clearing time for funding of their e-wallets. In these instance, members pay a fee of 8.9 %. NETeller actually loses money on first-time users of InstaCash due to bad debt. While there is understandable preference that this fee be lower, most members still choose the InstaCash option rather than funding their e-wallets in advance. We continue to improve management of bad debt and we will also continue to evaluate the member fee levels.
Merchants pay fees whenever payments are made from NETeller e-wallets on behalf of members, just as banks do when cards are used. While merchants always prefer lower fee levels for any payments schemes, NETeller's "transfer to" fees are attractive relative to those charged by card schemes when the charge-back costs are accounted for (and payments received through NETeller are fully indemnified).
Although not directly tied to fees, security of funds is a benefit that both members and merchants realize by using NETeller and paying the corresponding fees. More specifically, 100 % of all member and merchant funds in the NETeller system are held in segregated trust accounts and NETeller has no right of offset in connection with these trust accounts. These accounts are audited daily. In other words, members and merchants are afforded the comfort that their funds are secure independent of what happens within NETeller.
TOW: How would Neteller perceive the existence of a serious competitor and how would this affect Neteller in your opinion?
Neteller: NETeller has serious competitors and we closely monitor their activities. We know that, while we have established critical mass and a large member base, we are in a competitive race.
TOW: Neteller and security: do you believe your platform is secure and/or are you planning to add new security features in the near future?
Neteller: NETeller has prioritized security -- this is reflected by a sizeable, world-class security team within NETeller. NETeller is, at its core, a risk management company and security is the cornerstone of managing risk.
There are many dimensions to security of the NETeller platform, ranging from security and redundancy in physical system infrastructure to authenticating identity to privacy of information to protection from fraud and more. NETeller has a robust platform from a security perspective. However, security is a moving target, requiring that security be constantly improved. NETeller's value proposition, including indemnification of merchants and InstaCash, is underpinned by a strong identity engine and work is ongoing to continuously improve our identity capabilities.
TOW: Does Neteller share its customers/merchants data with any public or private entity with or without consent of its users?
Neteller: No -- Neteller takes Data Protection and client privacy extremely seriously. Neteller uses the privileged information our clients share with us in a manner that is entirely consistent with the Privacy statement our clients agree to when establishing a Neteller account.
TOW: Neteller and United States users: are there any existing restrictions with any particular State and or do you foresee any upcoming restriction?
Neteller: Neteller applies a number of restrictions and limitations on members from various parts of the world, not specifically the US , based on the fraud risks that are prevalent at any given point of time. There are parts of the US, as there are parts of the world at large, that present a more significant fraud threat to Neteller and as such receive the focus of more stringent rules and restrictions than others.
TOW: New plans: which are Neteller new goals and future plans of expansion (if any) for North America?
Neteller: The immediate priority for NETeller is to develop a strong global payments platform through geographic expansion in Asia and Europe.
NETeller does plan to expand its North American operations and future news flow will update investors on the details. For example, NETeller's naturally growing involvement in the peer-to-peer online money transfer business will be further expanded. We are also examining certain types of B2B markets where two-way flows of funds are needed.
TOW: What can users and customers expect from Neteller in the future?
Neteller: NETeller has over one million members and is adding more than 2000 members daily. The demographics of NETeller's member base align closely with the desirable attributes of bank customers (i.e. well educated, good income levels with discretionary spending capability, etc.). It follows that this member base can be leveraged to achieve greater "wallet share" through the addition of financial products to NETeller's offering. Accordingly, it is expected that, in the long term, NETeller will evolve into Internet banking. This will, of course, require additional regulatory compliance measures in multiple jurisdictions.
cheers GF.
mickeyskint
- 08 Nov 2004 11:42
- 64 of 98
Huge amount of sells. Any views?
MS
MS
goldfinger
- 08 Nov 2004 12:05
- 65 of 98
NETeller issues 30.6 mln shares in placing, raises 85.68 mln stg UPDATE
AFX
(Updates with further detail)
LONDON (AFX) - NETeller PLC said it has successfully completed a placing of 3.6 mln shares which were sold by the company's founders, Corvina International Ltd and 1098853 Alberta ltd, reducing their stakes to 49.9 pct.
The company said the shares were placed for a total value of 85.68 mln stg at 280 pence each.
The placing shares were being sold in response to recent institutional demand.
NETeller added the placing will meet the company's intention of increasing the number of shares trading freely in the market and reduce the founders stake below 50 pct of the issued capital.
newsdesk@afxnews.com
ec
AFX
(Updates with further detail)
LONDON (AFX) - NETeller PLC said it has successfully completed a placing of 3.6 mln shares which were sold by the company's founders, Corvina International Ltd and 1098853 Alberta ltd, reducing their stakes to 49.9 pct.
The company said the shares were placed for a total value of 85.68 mln stg at 280 pence each.
The placing shares were being sold in response to recent institutional demand.
NETeller added the placing will meet the company's intention of increasing the number of shares trading freely in the market and reduce the founders stake below 50 pct of the issued capital.
newsdesk@afxnews.com
ec
goldfinger
- 08 Nov 2004 12:06
- 66 of 98
Its going up Mickey.
cheers GF.
cheers GF.
Dil
- 08 Nov 2004 12:08
- 67 of 98
See the above post Mickey , that accounts for the large trades at or around 280p.
HUSTLER
- 08 Nov 2004 19:16
- 68 of 98
NETeller
durlacher est year end 31/12/04 - ptp 29.5 m
rising to 40.7 m next year.
house broker canaccord currently revising estimates
will probably be higher if recent newsflow is correct,
forcasts have been raised over 20% in last 3 months.
forward pe only 10 extremly low for sector
eps growth estimated at 77%
put all that together along with good relative strength
and more liquidity after todays placing due to demand
this share looks to good to be true,we should be asking
how high can it go? 6-7-8 ???
regards HUSTLER
durlacher est year end 31/12/04 - ptp 29.5 m
rising to 40.7 m next year.
house broker canaccord currently revising estimates
will probably be higher if recent newsflow is correct,
forcasts have been raised over 20% in last 3 months.
forward pe only 10 extremly low for sector
eps growth estimated at 77%
put all that together along with good relative strength
and more liquidity after todays placing due to demand
this share looks to good to be true,we should be asking
how high can it go? 6-7-8 ???
regards HUSTLER
Dailos
- 08 Nov 2004 19:45
- 69 of 98
8
moneyplus
- 09 Nov 2004 00:50
- 70 of 98
A word that Dil doesn't like but the only description I can put on this company and its prospects---mindboggling!! 10+++
capa - 09 Nov 2004 09:01 - 71 of 98
Pretty impressive bounce going on here. Now that the placing is out of the way and liquidity improved there should be no problem with these getting back to 3.50 in double time imo.
Well done to any that added sub 3.00, I was greedy and waiting for 2.80 :-(
capa
Well done to any that added sub 3.00, I was greedy and waiting for 2.80 :-(
capa
goldfinger
- 09 Nov 2004 12:26
- 72 of 98
I did capa and Im well pleased. Nice rise today aswell.
cheers GF.
cheers GF.
goldfinger
- 10 Nov 2004 00:27
- 73 of 98
Now 310p and looking good for a lot more.
cheers GF.
cheers GF.
HUSTLER
- 11 Nov 2004 18:29
- 74 of 98
recovered to 3.10p today seems a bit punch drunk after all the activity
with placing earlier in the week which is only to be expected,
when it settles down it seems certain to resume it's upward path,
as all the fundamentals still look great.
regards HUSTLER
with placing earlier in the week which is only to be expected,
when it settles down it seems certain to resume it's upward path,
as all the fundamentals still look great.
regards HUSTLER
moneyplus
- 11 Nov 2004 21:54
- 75 of 98
I thought it would go quiet until the next set of figures around March but this doesnt seem to be happening. Anyone know what the Deal Rumours are? I heard they may be given an Asian Gaming contract but only vague comment. Take note of PAY though the figures are out in December.
HUSTLER
- 11 Nov 2004 23:57
- 76 of 98
moneyplus
not always straight lines but sideways and upward will do nicely
if stats are right the only way is up in mid term.
regards HUSTLER
not always straight lines but sideways and upward will do nicely
if stats are right the only way is up in mid term.
regards HUSTLER
goldfinger
- 12 Nov 2004 01:13
- 77 of 98
Yup and its gone nicely up since the placing.
cheers GF.
cheers GF.
goldfinger
- 12 Nov 2004 01:44
- 78 of 98
Play at an Online Casino using Various Payment Methods
10 November 2004
Online Casino gambling has flourished on the net in the past several years. The reason is because it offers people who enjoy casinos games a great way to play a few hands from the comfort of their own home. The other reason is with the advent of online technology; the software is advancing at a rapid rate and making the online casinos more and more realistic and exciting. The graphics and software allow the player to experience a virtual reality version of all their favorite casino games form the privacy of their own PC. Whats more, some of the newer features are making the experience even more realistic such as live dealer games and instant flash casinos. These games use webcams to transmit images of real live dealers that the player can communicate directly with using chat and messenger technology.
The issue of payment at the online casinos is a big one. In the early days players could make deposit and receive winnings directly through major credit cards and PayPal one of the internet biggest and most established online payment systems. But recently all this changed and PayPal as well as some of the major credit card companies stopped servicing the online casino industry directly. At first this caused quite a panic among online casinos and their members but the void was quickly filled but many new online payment methods that started to pop up on the net.
Some of the online payment methods that have gained popularity and a good reputation on the net include Neteller, 900Pay, Citadel, PrePaid ATM, credit card and many others. The online payments business has become so large that it has created a new industry that is dedicated almost completely to servicing the online casinos. Its hard to find a quality online casino that doesnt accept deposits from the top online payment companies. Some of the best online casinos have even started to offer bonus promotions to players that use specified methods of online payment.
This has made the process much easier for the player. Once they set up an account with an online payment company they can simply make deposits and receive their earnings automatically form the casino. These payment companies usually work in conjunction with the players bank account or credit card info. Its important to find the right payment method for your needs and to determine which methods is going to work best based on the games you like to play or the online casinos you play at. You can find plenty of information and reviews about the various online payment methods on sites like Online Casino Reports and on the net.
cheers GF.
10 November 2004
Online Casino gambling has flourished on the net in the past several years. The reason is because it offers people who enjoy casinos games a great way to play a few hands from the comfort of their own home. The other reason is with the advent of online technology; the software is advancing at a rapid rate and making the online casinos more and more realistic and exciting. The graphics and software allow the player to experience a virtual reality version of all their favorite casino games form the privacy of their own PC. Whats more, some of the newer features are making the experience even more realistic such as live dealer games and instant flash casinos. These games use webcams to transmit images of real live dealers that the player can communicate directly with using chat and messenger technology.
The issue of payment at the online casinos is a big one. In the early days players could make deposit and receive winnings directly through major credit cards and PayPal one of the internet biggest and most established online payment systems. But recently all this changed and PayPal as well as some of the major credit card companies stopped servicing the online casino industry directly. At first this caused quite a panic among online casinos and their members but the void was quickly filled but many new online payment methods that started to pop up on the net.
Some of the online payment methods that have gained popularity and a good reputation on the net include Neteller, 900Pay, Citadel, PrePaid ATM, credit card and many others. The online payments business has become so large that it has created a new industry that is dedicated almost completely to servicing the online casinos. Its hard to find a quality online casino that doesnt accept deposits from the top online payment companies. Some of the best online casinos have even started to offer bonus promotions to players that use specified methods of online payment.
This has made the process much easier for the player. Once they set up an account with an online payment company they can simply make deposits and receive their earnings automatically form the casino. These payment companies usually work in conjunction with the players bank account or credit card info. Its important to find the right payment method for your needs and to determine which methods is going to work best based on the games you like to play or the online casinos you play at. You can find plenty of information and reviews about the various online payment methods on sites like Online Casino Reports and on the net.
cheers GF.
goldfinger
- 12 Nov 2004 11:52
- 79 of 98
Moving up yet again.
cheers GF.
cheers GF.
moneyplus
- 12 Nov 2004 13:49
- 80 of 98
When does it look greedy to stay in??? It's difficult to see this one falling back very much.
Dil
- 12 Nov 2004 14:11
- 81 of 98
About 10
goldfinger
- 13 Nov 2004 00:00
- 82 of 98
Just lifted from another board from a usually very reliable investor........................
From the Ft sat: NETeller, the online money payments provider, was up 1.4 per cent at 317p on rumours that a third quarter trading update next week would suggest bumper trading in the third quarter. Investors also hoped that it would contain news of joint ventures in Asia.
cheers GF.
From the Ft sat: NETeller, the online money payments provider, was up 1.4 per cent at 317p on rumours that a third quarter trading update next week would suggest bumper trading in the third quarter. Investors also hoped that it would contain news of joint ventures in Asia.
cheers GF.
goldfinger
- 14 Nov 2004 23:40
- 83 of 98
Looking forward to a good week.
cheers GF.
cheers GF.
goldfinger
- 14 Nov 2004 23:42
- 84 of 98
moneyplus
- 15 Nov 2004 00:36
- 85 of 98
In my opinion a very unfair comment in the Sunday Times about NLR Directors selling. It says they got permission to sell early and break the lock in to pocket 46 million - lucky them--but it doesn't say this was to satisfy institutional demand and slow the rising SP. The price did drop but not for very long so it follows they could have made a lot more if they had held on to their shares. Just shows we do more research than some of these financial gurus!!
HUSTLER
- 15 Nov 2004 09:04
- 86 of 98
agree entirly moneyplus
46m nice return but had demand not been so high for shares
and held on to agreement cash in, return could have been 100m or
a lot more as i think we all believe this one can go 6 - 10
if 3rd quarter results due out over next week are positive this will
give the shares a boost upward probably to 350 mark befor the sell off.
regards HUSTLER
46m nice return but had demand not been so high for shares
and held on to agreement cash in, return could have been 100m or
a lot more as i think we all believe this one can go 6 - 10
if 3rd quarter results due out over next week are positive this will
give the shares a boost upward probably to 350 mark befor the sell off.
regards HUSTLER
goldfinger
- 15 Nov 2004 10:40
- 87 of 98
Well the price is doing the talking guys and so is the volume well up.
cheers GF.
cheers GF.
HUSTLER
- 15 Nov 2004 20:16
- 88 of 98
hi goldfinger
good to see rise again today 330 bid at close
it seems to be moving alongside sportingbet for which it handles transactions
for the recently aquired paradise poker and has had a lot of good press
coverage recently
hope the news is as good later in the week from NETeller
no reason to think otherwise.
regards HUSTLER
good to see rise again today 330 bid at close
it seems to be moving alongside sportingbet for which it handles transactions
for the recently aquired paradise poker and has had a lot of good press
coverage recently
hope the news is as good later in the week from NETeller
no reason to think otherwise.
regards HUSTLER
goldfinger
- 16 Nov 2004 00:31
- 89 of 98
Hi Hustler,
excelent day but you like me know stocks dont move up in a straight line, at sometime we are going to see profit taking, but certainly not from me. Short, medium,long we are up.
By the way well done on dart, Im kicking myself.
cheers GF.
excelent day but you like me know stocks dont move up in a straight line, at sometime we are going to see profit taking, but certainly not from me. Short, medium,long we are up.
By the way well done on dart, Im kicking myself.
cheers GF.
Dailos
- 16 Nov 2004 08:17
- 90 of 98
A few games by the MMs early doors and a bit of a shake, added.
goldfinger
- 16 Nov 2004 12:07
- 91 of 98
Yes excelent 3rd quater results accompanied by a tree shake, more buy volume than sell volume. Some investors may have wished for news on Japanese tie ups, but this news may come later.
cheers GF.
cheers GF.
goldfinger
- 16 Nov 2004 12:30
- 92 of 98
From Killik morning notes.............
NETELLER 3rd Quarter Numbers
The recent placing down of founders stock at 280p appears to have cleared the air at NETeller, the leading online money transfer service provider which was recently granted FSA accreditation. The shares have bounced back to 330p following a positive trading update today but still look very cheap on paper.
The NETeller system works like a virtual wallet where customers (and they have over 1 million which is growing at over 2000 per day!) deposit, withdraw and transfer funds from their existing banking operations. This system is important as growth in member to member exchanges (like E-Bay) becomes more successful but money transfer security remains an issue. The FSA accreditation for NETeller should technically put them in a strong position with the merchants to promote the brand. Once locked in, online users do tend to prove loyal to brands to allow the business to grow strongly.
Revenue in the third quarter grew by 112% to 12 million to take the nine month number up to 30 million. Gross margin was 69% and this should prove stable. Overheads are flat allowing for a rapid growth in pre-tax profit. Therefore profit before tax in the third quarter was 7 million taking the year performance to date to 16.9 million.
Brokers are forecasting earnings profits of around 25 million for this year rising to 40 million for next to value the stock on 12x earnings. Given the potential, this looks an attractive buying opportunity.
cheers GF.
NETELLER 3rd Quarter Numbers
The recent placing down of founders stock at 280p appears to have cleared the air at NETeller, the leading online money transfer service provider which was recently granted FSA accreditation. The shares have bounced back to 330p following a positive trading update today but still look very cheap on paper.
The NETeller system works like a virtual wallet where customers (and they have over 1 million which is growing at over 2000 per day!) deposit, withdraw and transfer funds from their existing banking operations. This system is important as growth in member to member exchanges (like E-Bay) becomes more successful but money transfer security remains an issue. The FSA accreditation for NETeller should technically put them in a strong position with the merchants to promote the brand. Once locked in, online users do tend to prove loyal to brands to allow the business to grow strongly.
Revenue in the third quarter grew by 112% to 12 million to take the nine month number up to 30 million. Gross margin was 69% and this should prove stable. Overheads are flat allowing for a rapid growth in pre-tax profit. Therefore profit before tax in the third quarter was 7 million taking the year performance to date to 16.9 million.
Brokers are forecasting earnings profits of around 25 million for this year rising to 40 million for next to value the stock on 12x earnings. Given the potential, this looks an attractive buying opportunity.
cheers GF.
goldfinger
- 16 Nov 2004 13:39
- 93 of 98
Durlachers BUY note this morning..........
NETeller continues its strong growth with confirmation that new members were added at an average
of 2,085 per day in the 3rd quarter. By the end of September NETeller had 1,060,167 members.
Investors should note that NETeller received its e-banking accreditation in mid October meaning the
3rd quarter growth was achieved without any European advertising.
Revenues to continue to show strong growth, rising to $21.9m against $10.3m in the same quarter
last year. Gross margins have been held at 69% by Canadian $ FOREX, offsetting any economies of
scale. Similarly the General and Admin charges were marginally ahead of our expectations due to
FOREX. However these modest increases in costs are marginal compared with the continued solid
growth in revenues and consequently pre-tax profits for the quarter which rose to $12.8m against
$5.4m a year ago.
Tax remains high with the move to Isle of Man servers expected to be completed by the beginning of
November, which will result in tax falling to a projected maximum of 10%.
The Shares look good value against the software sector and the market given the solid growth,
continued expansion of the gambling market and the significant opportunity offered by the Far-
Eastern markets which are not anticipated in our forecasts. A modest rating of 13 times for 2005 is an
extremely modest target for Neteller giving us a short term price target of 375p. On entry to the Far-
Eastern gambling markets we will raise our price targets considerably.
cheers GF.
NETeller continues its strong growth with confirmation that new members were added at an average
of 2,085 per day in the 3rd quarter. By the end of September NETeller had 1,060,167 members.
Investors should note that NETeller received its e-banking accreditation in mid October meaning the
3rd quarter growth was achieved without any European advertising.
Revenues to continue to show strong growth, rising to $21.9m against $10.3m in the same quarter
last year. Gross margins have been held at 69% by Canadian $ FOREX, offsetting any economies of
scale. Similarly the General and Admin charges were marginally ahead of our expectations due to
FOREX. However these modest increases in costs are marginal compared with the continued solid
growth in revenues and consequently pre-tax profits for the quarter which rose to $12.8m against
$5.4m a year ago.
Tax remains high with the move to Isle of Man servers expected to be completed by the beginning of
November, which will result in tax falling to a projected maximum of 10%.
The Shares look good value against the software sector and the market given the solid growth,
continued expansion of the gambling market and the significant opportunity offered by the Far-
Eastern markets which are not anticipated in our forecasts. A modest rating of 13 times for 2005 is an
extremely modest target for Neteller giving us a short term price target of 375p. On entry to the Far-
Eastern gambling markets we will raise our price targets considerably.
cheers GF.
capa - 16 Nov 2004 14:10 - 94 of 98
Yes goldfinger, the thought of Asia, fair makes my eyes water.
capa
capa
goldfinger
- 16 Nov 2004 22:55
- 95 of 98
Yup same here.
GF.
GF.
gallick - 17 Nov 2004 00:00 - 96 of 98
I have a neteller account, which I set up shortly after going into the shares. There hardly seems to be a gaming site in the US that does not use them. They take 3.9% on any new deposits which seems hefty to me, and tie in the merchants at the other end by typically letting them take 1 or 1$ on the transfer back in to neteller.
Things seem to be moving their way given that mastercard do not allow repayments back to their cards, and Visa are getting twitchy about card fraud.
Things seem to be moving their way given that mastercard do not allow repayments back to their cards, and Visa are getting twitchy about card fraud.
moneyplus
- 17 Nov 2004 16:03
- 97 of 98
Down a bit today but I think this one deserves a new thread after it has done so well. Still holding and happy. MP
beaufort1 - 13 May 2005 11:58 - 98 of 98
Hey Hawick,
This was a truly great spot - wish I had read it at the time!
This was a truly great spot - wish I had read it at the time!
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