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

But where would it be if it weren't for PRTY? Still it gave several people a chance to top up at 8. I would have done but all available cash went into BFC.

From today's Shares mag:

NETeller is branching out of the online money transfer business
and will launch credit card and loan products next year, says
executive vice president Dale Johnson.
According to Johnson, the firm is holding discussions with a number
of UK-based banks about launching NETeller-branded bank accounts,
credit cards, loans and other financial services products. He says that if
it can exploit is customer base which consists primarily of young
workers with lots of disposable income it should significantly boost
profits.
NETeller, tipped by Shares as a Play of the Week last November,
expects to sign a deal with a bank before the end of the year and
products to be available from the second quarter of 2006.
Johnson says: Our observation is that a large part of bank
profitability is derived from cards. It occurred to us that with our
significant and rapidly expanding customer base with a highly desired
profile for the banks a partnership with a bank will provide us with the
opportunity to offer cards and share in that profitability.
Johnsons remarks follow news that NETeller more than doubled its
customer base to 1.7 million over the year to 30 June. Additionally, the
firm says the number of online merchants using its systems went up
21.4% to 1700 over the first half, following the addition of companies
such as Betfair and Expekt.com.
NETeller is upgrading its money transfer systems over the next 12
months and Johnson promises that there will be minimal disruption
for users.

Shares says: Expect even stronger growth once it starts
selling financial services products.

by: Geoff Ho

Clearing banks not renowned for their astute acquisitions over the years, but the upside of a tie up with NLR ( in whole or in part) patently obvious - does anyone know who major shareholders in NLR are?

Hi all
A tie up between nlr and mbna would be interesting given the shared interest in china dont you think?

Loadsa

There ,back to 900p already,, easy as that...

A very nice profit for the brave punters that jumped in when it fell!! unfortunately I had no spare dosh but I'm looking forward to cracking 10! If this banking tie up goes ahead does anyone know what it's sp should be in comparison with say HBOS?
I know roughly how to do it but I'm not very mathmatically bright!!

Very different business to HBOS (which is why it is attractive to their ilk) Just as NLR has customer base which could use basic financial services, so the clearers have huge customer bases which could help NLR. Interim figs showed EPS 31cents(US) - even conservatively they should reach 65cents for the year and on P/E 25 (modest for such a cashrich and profitable business growing so fast) that equates to SP over $16 i.e towards 10.The argument for a tie up is compelling on both sides so imo it will happen, with NLR having stronger negotiating position.

cheers Partridge-exciting prospects.

Broken through the 900p barrier now,,is this the next leg up ?

profit taking this afternoon I expect but I think I'll hang on to mine-it's quite a ride!

Maybe others will see it that way MP , i'm staying in this time ,,10 here we come.

decent size buys--only very small sells so it's looking very promising for 10 soon!

Evening all !!!!!
Ended the week at an all time high.
Shame about the PartyGaming turbulence earlier in the week otherwise I genuinely believe we would have touched 10 this week.
Nevertheless I reckon we'll be there during September so PRTY just delayed the inevitable.
.....and I still reckon PartyGaming will be sub 90p sometime soon !!!!

Mono

;o)

It isn't often I get one as correct as this but 12% profit in 5 days and my double bagger pushing beyond 110% makes up for one or two of the not so good ones. The next dilemma is a nice one. I bought back in with the intention of selling after a quick profit of 10% but now I am really tempted to stay in with this last tranche a little bit longer.
Any thoughts? I am way over subscribed with this, probably 60% of my portfolio!

Keep smiling. I am.

B2B

Hi All.
What a week dropped 12% on sector news, only
to bounce back to a new all time high tonight.
This shows the true strength of NLR,
and can only be taken as very positive indeed.
With news of a Bank link up looking close
hopefully before Xmas and Asia still to come
on board the future looks very bright.
Just hope no more bad news comes from
the sector in general.
Plenty left to go 10.00 for starters.
All the best
HUSTLER

What a strange ,,but great week,, your right HUSTLER it does show the strength of NLR, next week will be interesting, i can see 10 sooner rather than later..

Anybody got any reason for the huge falls over last 3 days.........MM's playing games????

Morgan Stanley Places 2.7M NETeller Shares at 785.
Thats one reason i think, + shorting ,IMO

Many thanks jimmy........SD

Over 60M traded today at time of post 7M shares traded
huge in comparison to normal size.
No news has broken so can't see the logic.
This is realy testing our nerves
9 down to 7.90 up to new high over 9
now a drop to below 7.80 all within a week or so.
It still stands that the stats say it will go a lot higher
in time, but having the bottle to stay in is hard to call.
Wishing well whatever desisions you take.
HUSTLER