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

Tie yourself to a sturdy branch everybody

capa

Enjoying the NLR ride but cannot understand the lack of interest in PAY--surely the prospects are nearly as good! Wish I'd switched now but afraid they may suddenly catch on.

Well this must be my lucky day.. great news form MMG and NLR hitting the 500p mark, it doesnt get any better.

Did it ever hit the magic 500p?? dropping back now a bit, to be expected I guess...

I saw it at 499.5 ,,,is that it for the day ,,?

reached 502 but has since pulled back

After the fantastic run its had in the last few days it as to be expected that profit taking will take place. But sellers in my opinion are bonkers, we havent even had the Asia news and depending on its nature we should see this one a lot higher. Its just a cash cow , a money making machine.

cheers GF.

Close your eyes and look again in a months time , think I bought cheaper than all of you and I'm not tempted to sell.

These will be closer to 1000p than 500p sooner rather than later.

Good luck.

Tend to agree Dil.

cheers GF.

For once :-)

higher,higher, higher. LOL.

cheers GF.

Buyers coming in at the end of the day now. Price moving up again.

cheers GF.

>>Dil

What did you buy at, I was first in at 255p.

rgrds
gk

Yes, spill the beans Dil make us all jealous :-)

capa

Hi Guys, Gals,

Would be interested in knowing who got in and at what price? I must confess not to buying myself as I felt it would be just a little on the unethical side at the time or publication. However, I do have a few under 400p tucked away for the loger term. http://www.lemminginvestor.com/NETeller.html

As I stated above, I was lucky enough to be in at 241p

I first bought at 2.48 and added at 2.69, 2.99, 3.21 and 3.27

capa

gallick , first bought at 215p and added at 288p and more recently at 342p. Have also traded it via spreadbets , one still open with June expiry , bought at 360p.

We had a target of 10 which we felt was not to demanding given the sector NLR services. However, Durlacher have increased their target.

"We recently upgraded our short term price target for NETeller to 500p. However, positive industry news supports a more aggressive target. The current rating of just 16.0 PER to December 2005 is in our view, too low for a business that is effectively a low risk, non-site specific geographically diverse way of playing on-line gambling. By the end of the year we would expect the rating to exceed 25PER or a price target of 700p. Even at 700p NETeller would enter the 2006 year on a prospective PER of just 12.7. Our short term price target is thus raised to 700p and longer term to 1200p".

http://www.uksmallercompanies.com/index/index.php?topic=85.0

Excellent--thanks Elrico you have made my weekend!! and a few others as well I should think. cheers MP