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

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

good week all round
and a lot more to follow
a good weekend for all is assured

regards HUSTLER

7 quid early target they say.

cheers GF.

monday opening
off to a flyer again this morning 8.20 am
up 23 to 4.95 bid
hoping for another good week

regards HUSTLER

HUSTLER

By gum! Couldn't get em on-line; broker couldn't get em on-line; eventually he phoned through and got em at 491p. Evidently price moving too quickly for on-line trading. Glad I'm in, though.

Eric

Storming ahead again.

cheers GF.

nice to see it storm past 500p, thought we could have seen a pause at that price...

From Killik morning notes......................



NETELLER Shares still marching ahead



The increase in demand for online gaming is causing a surge in the share price of Neteller. We commented last week on thoughts that the leading on-line poker organization PartyPoker, which may be seeking a listing on the London market with a valuation of over $2 billion. We also attended a presentation given by software producer Cyrptologic on whose systems a number of land based casino operators (Ritz for example) reside. They noted that the amount of business they handle is worth more than the whole global industry just two years ago, such is the growth currently being witnessed.



With this backdrop, there is no shortage of capital that is trying to find its way into this market and Neteller remains a useful play. It provides the online virtual wallet that facilitates money in and money out on the internet for a wide range of purchases including gambling. On 18x 2005 estimates, the shares remain good value despite the strong rise this year.

cheers GF.

http://www.partypoker.com

Partpoker.com the big new gaming site set to enter the FTSE 100 on float actually use the Neteller wallet, good news for NLR.

cheers GF.

Looks like its finishing on an all time high again

capa

good news on partypoker gf
closed 5.10 bid although went to 5.24 during the day
heafty volume 4.25m trades
60% sold, even the sellers cannot hold it back at the moment,
like the consensus 7.00 target - possibly a lot more

regards HUSTLER

Expect profit taking tomorrow -do you think?? I am waiting for a trading update etc we must be due one soon.

Some 4m of after hours sells, mainly B and T. So you could be right moneyplus. Mind, I wouldn't want to bet against the charts! Happy to have obtained a decent stake today and don't see much downside risk. Who doesn't lose at gambing? The casino, of course! Who else doesn't lose at gambling? The people who move the money around, of course! Who else doesn't lose at gambling! Yes, its the investors in NLR!

Eric

Hi moneyplus
results due end feb/early march
trading statement could be sooner.
As for profit taking cannot say, you would
expect some to take place at some time, last
week for example but did not happen.
Whatever happens if forcasts are proved to be
correct 2006 per should drop to single figures,
stack the multiple against growth and the sp
could well treble hold on tight

regards HUSTLER