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

Addedagain this morning on the slight fall, derd cheap with forward P/E of only just over 10. Its a real give away, cant understand why more are not buying.

cheers GF.

'2.12.04 an article in the Independent reports: the shares rose 10p to 302.5p on rumours that the group will soon issue a positive trading statement. Bulls reckon Neteller will say that it is close to securing a number of important contract wins, the paper says.

cheers GF.

Moved up 10'5p, nice.

Wodering if these contracts are the ones with the Banks were they are destined to sell insurance and loan products?.

cheers GF.

hi gf

recent comments in the press state they are looking to purchase a bank,
with an aim to become the worlds largest online.
If this is correct obvious spin offs will come with it.
Good to see rise today up 25 closed 321 on the bid but a bit strange
with volume at 1.5m - 78% were sellers, perhaps the market makers have
info not out yet and marking it up in anticipation.

regards HUSTLER

Went long last week 280p. Nice breakout of bullish wedge upside today. Would like to think 450p possible within a couple of months.

It may be higher! ;-))

Very strange indeed , but dont get too carried away guys, lets see what develops.

cheers GF.

Stiil time to get into these before we get the biggy RNS.

cheers GF.

I got another 1,000 this morning on the markdown.

capa

Well Im sure there must be some big news to come out. MMs dont like a lot of stock on the books and they have at the moment.

cheers GF

Anyone have any ideas about why the MMs are accumulating stock???????.

cheers GF.

back to, top,news out in the morning.

Good day today, looks like we have now dropped the speculators.

cheers GF.

Beat me to it Goldfinger, excellent day

capa

another strange day 3.5 million shares changed hands
74% were sellers - and the sp went up 20 spots?????
same as on monday somthing is going on but what is it
some sort of news must break soon.

HUSTLER.

Some are saying on other boards the market data is wrong and sells are actually buys. They say this is from personal experience were they have bought and shows as a sell.???????????????

I know, please dont ask.

cheers GF.

PE of 5 -- massive customer increase -- advanced card transactions --
FSA approval -- only one way this is going!

d'tree.

Who cares about buys / sells on any particular day ... if your investing these are only going one way imo.

Yup I agree there with you Dil, only downside I can actually see with these is if the likes of Elliot Spitzer or like in the US get up on there soapboxes and start preaching the evils of gambling. Mind itl be a long drawn out process if any of that goes on anyway. Thinking of adding myself.

cheers GF.

Another tip sheet backing this one.............

v positive write up in small company sharewatch today concluding "....share price could go through the roof.".....on a 2006 PE of just over 5 (based on 3.05 shareprice at time of writing)...

cheers GF.

Just had a few more.