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

If that is the case then, ultimately, it will be good for the shares as it will improve liquidity (not that they are likely to unload the whole lot !!!).
However their 55% shareholding has been hit for over 100 million in the last week or so !!!
and the hit is getting bigger every few minutes at the moment !!!

This is a very profitable, cash rich business with lots of customers and they have announced that they have had discussions with various banks - can see some of those salivating over picking up some of the Corvina stake, especially at these levels. Got back in today at 710p, where on fundamentals price looks sound value.

Well done Partridge.
Smart move getting on board again, like a thief at this price.
My broker begged me to buy sportingbet again today ahead
of results tomorrow, the words bottle & bollocks were used in the
conversation but i still resisted on SBT as i believe the sector is
to volitile, however in time i am sure Neteller will divorce itself from
the mayhem and its true value will be seen.
After all it dosen't gamble it just takes the money from those
that do.
Enjoy the ride.
HUSTLER

Funny you turned up again at the same time as SUE gf , was going to ask you the same thing , she got more your type of style :-)

Excellent third quarter results today.
Typically the share goes down 35p on profit taking !!!!!!!!!
However the prospects remain excellent - no sign of any problems in this corner of the internet gambling world.
I suspect the market makers will now get onto the story regarding that big placing by founder shareholders to drive down the price even more !!

Mono

Bounced of 647p-650p dip!

http://moneyam.uk-wire.com/cgi-bin/articles/200511071744267697T.html

At last .................. here is the placing of 35 million shares at 625p.
Short term weakness I suspect but long term a very good thing.

Mono

Good spot Mono
directors buying heavy and cheap
Xmas come early if anyone has any spare cash
this is fast becoming the steal of the century
We all hope,
regards
HUSTLER

Two buy recommendations today: Daily Telegraph's Questor column and the Independent's investment column (the latter being particularly positive).
Now that the placing is out of the way it is worth stashing a few of these away as IMHO these will be one of the better performing shares over the next 12 months.
The same applies to FireOne (FPA) the mini-Neteller. Their results are due in a couple of days with the added bonus of no share placing rumours doing the markets !!
Take your pick and enjoy the ride.

Mono

Fire One results very good (0700 this morning news) and very much in the direction of Neteller I hope NLR will climb a bit today on the back of FPA results

Is this ratio correct 38 million sells.it looks the other way round to me,or is this a right ratio of buys and sells.

ateeq180
I think the figures relate to this item which shows that the shares were placed with institutions, so maybe there should be a balancing buy entry.
FOR IMMEDIATE RELEASE OUTSIDE THE UNITED STATES AND CANADA ONLY

NOT FOR DISTRIBUTION IN OR INTO JAPAN, AUSTRALIA OR THE REPUBLIC OF IRELAND

8 November 2005

NETELLER Plc ('NETELLER' or the 'Company')

Successful placing of 218,750,000 of Founders stock

NETELLER is pleased to announce the successful completion of an underwritten
placing by Canaccord Capital (Europe) Limited of 35,000,000 existing ordinary
shares at 6.25 per share which have been sold by certain of the Company's
founders, as detailed in the announcement yesterday. The shares were placed with
institutional clients in the UK, Europe and North America. Adams Harkness Inc.
acted as selling agent in the US private placement of the shares.
loadsa

Thankyou

this should make the shares more liquid and hopefully they'll bounce back strongly. I did very well in this co. but couldn't resist putting some profits back in again and starting to build my holding again. they seem at bargain levels to me!

mp, did the same myself this morning.

Have been waiting on the sidelines for a while after a good profit early this year. As you suggest I think NLR will bouce from this level.

The story is a good one and with diversification from gambling, it should get better and hopefully less volatile. Hopefully :)

Cheers.

Hi All
Good to see the sell of went well
the sp has been battered from the year high
in anticipation, now the real test begins.
The current price is peanuts
the market will not ignore the upside given time
upgrades all the time, ambition to become
the worlds biggest online bank
2 miil client base and growing
printing cash, bought a bank
spin off from client base for financial services huge.
Not even taken into account at current level.
Oh nearly forgot Asia
put it all together treble the sp in 18 months
sleeping easy on this one
all the best
HUSTLER

Hustler,
the sell off was at 625 and after a further decline today of 21p the bid price is still 652 with a 3p spread so I think it will come much lower over the rest of the weekdiluting the price further...........SD

Is there really dilution?

The shares were passed directly from co-founders (on completion of placing) to senior executives and institutions meaning only minimum (or no) shares available to the market to dilute the price.

From the other side. There is a lock-in clause.


Peart - 8 Nov'05 - 08:36 - 10494 of 10643


The Sellers have agreed to an additional market lock-in arrangement with
Canaccord which among other things will restrict their ability to sell any
further shares for 12 months from 7 November 2005. The Placing will result in
the founder shareholders holding less than 30 per cent of the issued share
capital of the Company and hence no longer be deemed to exercise control, as
defined by the City Code. Confirmed buyers in the placing include two members of
the Company's senior management team.

This is retracing pretty quick! Hoping for a buying opportunity soon only its hard to know if its gonna slid right back under 6 before the next rise up!