NETeller - NLR - 3.15
Thought i would start a new thread following on from
hawick - new issue looks very special - not to steal the thunder from
hawick but just to highlight the company name to those not already in to this
potential blockbuster.
Those of us who are following NETeller know the background and have been
active with postings,for newcomers i strongly sugest viewing the
( new issue looks very special posting )the content will speak for itself.

Brief overview of NETeller
The company handles online cash transactions across the globe
on 21st oct gained fsa approval to operate as a regulated e-money issuer
and will passport the regulated status to all 25 EU member states
it has over 1 million clients rising by 2000 number each day
1500 online merchants and processed over $1.5 billion in 2003
pre tax profit is estimated to be 29 million to dec 04 rising to
40 million next year
per currently 20 to dec 04 falling to 11.5 which is low for sector
brokers have been raising forcasts on a regular basis
share price has risen over 50% since launch earlier this year
new markets emerging constantly,asia has the potential for supergrowth
online casinos are creating enormous profits
given all this - cash generative - huge market - fsa approval
infastructure in place to handle growth, profits accrue to bottom line
the market force is behind it with good relative strength
all put together it is hard to argue against this has the potential
to be a blockbuster over the year ahead

regards HUSTLER

Just noticed on other websites that the EPS forecasts for 2006 and 2007 are 60p and 80p respectively.
I reckon that even these are quite conservative but, all the same, my short term target of 10 ought to be reached without too many problems but even 12 before the year end leaves it looking still cheap.
All IMHO and DYOR etc etc but I really am considering topping up even though NLR and FPA make up so much of my portfolio.

HUSTLER,,,,super,, roll on interims....

We have lift off !!

Crikey !!!
If I thought my small topping up would have this reaction I would have bought more.
Onwards to 10 !!!!!!!!!!

An interesting item tucked into the "week to come" column of the Sunday Telegraph business supplement dated 23/08/05.

Neteller are to announce on Friday 1/half year profits before tax of 21 million sterling more than double the 10.25 million sterling for the same period last year.

Makes good reading to me.

Loadsa

looking forward to Friday--10 next week do you think??

Possibly, but the amount it travels either up or down will have less to do with how the company is performing when viewed against last year and more to do with how the company is shaping up against market expectations i.e. if the market thinks that it should be at three time last years 1st half profit then despite having doubled it will go down. That said, after the shorting that has gone on I think it will far outdo expectations, so maybe 10 is not too ambitous.

Loadsa

Hi All
Nice tick up today
flirted with it's all time high,
perhaps tomorrow it will break new ground.
If it does, hold on to your rocket Jimmy.
all the best
HUSTLER

Cheers HUSTLER,,i'm hanging on for the full ride..

Thought this would of risen a little more today ..

Hi Jimmy
The market has held it close to it's all time high b4 news
must be taken as positive, we hope, they deal,
reading between the lines news wil be good
if it is onward we go.
Waiting in anticipation
all the best
HUSTLER

Fingers crossed for good news tomorrow folks! this is the best share I've got at the moment.

Hi MP
Everything crossed big day coming up,
just hope news is positive as expected,
if it is the market could react in a strange way,
good news could drive it down defies logic i know,
however if positive in a short time it will push it a lot
higher. Hold tight if good news is delivered.
Baited breath in anticipation
HUSTLER

wow, the news is excellent!

HIGHLIGHTS FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2005

All figures in US$ unless otherwise stated. Percentage changes shown are versus
half year 2004*.

* Average daily sign ups: 2,732 (up 82%)
* Total half year end members: 1.75 million (up 101%)
* Average daily receipts $3.0 million (up 103%)
* Revenue $73.5 million (up 122%)
* Gross margin: 73.2% (69% in HY 2004)
* Profit before tax: $40.6 million (up 126%)
* Net profit: $37.0 million (up 210%)
* EPS: $0.31

H1 - 2005 H1 - 2004 % change

Average daily sign ups 2,732 1,497 82%
Total members 1,745,602 868,335 101%
Average daily receipts from members $2,998,741 $1,473,944 103%

Good morning Andy

Utterly superb figures.

Roll on 8am and market opening.

;o)

yes fantastic figures....

Bl**dy Hell - these are a great set of figures - now will the borson brigade come into effect - I hope not.
Baza

Share price already up to 882p

Don't forget to keep an eye on FireOne (FPA) as it will be doing just as well !!

price seems to be holding well aalthough I'd hoped to see it break through 9--any forecasts on price will profit taking or shorting knock it back this afternoon?? this seems to happen so often.

The newspaper comment will be excellent - FireOne got an excellent review in The Independent after recent results - so shorting would appear to be a daft option at present. The Evolution analyst has already stated that profits were $2 million more than he was expecting so you can expect upgrades to be coming out.

K******