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

Going to use the drop in price as an opportunity to increase holding but was intrigued by the "uninspiring trading update" in headline.

Have every confidence the SP will continue higher in the coming weeks.

On related subject (kind of), anyone read the article in Share Magazine on GVC? Don't want to overload on this sector, but it is booming and the quoted market share in Germany, Austria with imminent expansion into Russia, Spain and Italy provides significant opportunity for growth, particularly in short term. Anyone have any further information or comment on GVC?

Cheers,
Stuart

Nothing goes up in a straight line jimmy b , fear and greed are the driving forces of the market , the greed of those not wanting to miss the boat propelled this higher over the last few weeks and now the fear of not wanting to lose a profit has driven some to sell today.

...and for god's sake dil, don't go falling in love with the share :)

I have a stop loss Bones , a fair bit lower than the current price and even if its hit I'll do ok :-)

But very good advice.

Just to balance out the doom and gloom reports - this one has a very different outlook - funny how people can get a completely different view of the same thing - and I prefer to agree with this one.


NETeller cashes in as business booms
LONDON (ShareCast) - Online money transfer group NETeller (LSE: NLR.L - news) edged lower on profit taking after soaring more than 50% ahead
of today's trading update.

NETeller, which publishes final numbers on 5 April, said it has continued to rapidly expand its base of members and merchants during the fourth quarter to 31 December.

At the end of last year it had 1.2m signed-up members, a massive 663,000 increase on the figure for 2003.

The average daily sign-up of new members reached 1,821 for the year against just over 1,000 in the previous 12 months.

The group also had more cash rolling in, as average daily receipts from members in the fourth quarter more than doubled to $2.3m on the same period in 2003, and jumped 19% on the $1.94m in the previous three months.

Shares in NETeller have risen almost three-fold during the past half year, as it continues to grow its business and carve out a niche as a clearing house for online betting groups.

The group floated on AIM in April 2004 at 200p and recently touched an all-time high of 550p

Added this morning on the fall back, how I love those MMs at the moment.
Its just a give away. Figures were good but yet the mugs mark them down from the off. A tree shake to provide stock for the increasing demand over the next few weeks and months.

Anybody selling is either bonkers or is a desparado for the dosh.

cheers GF.

V good dil. The pullback will hopefully consolidate in forming a new higher low and a new stop loss position. I wouldn't want to see a rapid recovery for two or three days to be honest. That way it can establish some support at a higher level than 350p.

The good thing with these Bones is the current share price reflects only around 50% of the current eps forecasts for this year and next imo.

The 1200p price target of Durlacher is easily achievable if NLR come anywhere near the forecasts.

Another plus is the rabble haven't bought in yet :-)

I'm still happy to hold--will add if I can at the close.

And to add to the positives from Killik Brokers morning notes.............

NETELLER Trading update

The online payment company announces that trading in the fourth quarter was strong. The average daily sign ups of individuals using the Neteller payment system was 2,072 representing growth of 94% year on year taking total numbers to 1.25 million. Daily cash receipts were $2.3 million up by 109%. Annual results will be announced in April. Neteller operates like a banking operation taking a margin turn on the deposits and as a result, a relatively fixed overhead allows for rapid expansion in operating margin. Profit before tax is forecast to grow from 16 million in 2004 to nearer 40 million in 2005 for prospective price earnings ratio of around 20x. The stock remains good value. ENDS.

oing in for yet more.

cheers GF.

Bones , if Bullie adds them to his SIPP portfolio then I'm off :-)

Reminds me of the old days when this would sometimes move down 15% in a day to finish level.

Nigh on 100% growth doesn't disappoint me, nor does the thought of an asian deal :-)

capa

Dil - forecasts, forecasts. I thought you were a chart man these days :)

At least we all know where we are with Goldfinger. Ramp it til he sells :)

Canaccord the house broker seems to like the announcement describing it as very favourable and in line with its own increased estimates.

capa

I always feel safest when the fundamentals support the chart Bones but it does mean I do miss out on some of the huge flyers like bprg :-)

Price moving back in, NICE.

cheers GF.

Maximum buy quantity of 100 shares! Well, why don't they mark the price up then? I've done my top up!

Eric

Dil :)

News just in from CityWire..........................

Tip Update: Neteller doubles up

Published: 10:23 Friday 04 February 2005 By: Graeme Davies, Investment Correspondent

Citywire tip Neteller continues to grow rapidly according to a fourth quarter trading update although some investors have taken the chance to book some profits on its recent phenomenal run.

Neteller (NLR) has continued its rapid growth with average daily sign ups of new customers in the fourth quarter of last year at 2,072 compared with 1,068 the previous year. In the year as a whole average daily sign ups have doubled to 1,821.

At the end of the year Neteller had 1.25 million members against 663,000 at the end of 2003.

Shares in the 650 million online money transfer specialist have shed 2% or 13p to 537.5p, which should come as little surprise considering its rise from 157p to 550.5p since the middle of last year.

Neteller specialises in secure instant online money transfers and has targeted the booming online gaming market where its rivals have traditionally been reluctant to provide instant cash transfers. It has a strong base in the US and Europe and is targeting a move into the lucrative Asian markets.

The surge in online gaming is reflected in Neteller's average daily receipts, which rose to $2.3 million (1.22 million) from $1.1 million the previous year. Quarter on quarter receipts rose by 19% from the third quarter.

Neteller has come to prominence at just the right time to plug into the online gaming boom where its instant indemnified transfers have proved popular with gamers and gaming sites. It also offers the same service for online purchases and allows members to transfer money between themselves instantly.

House broker Canaccord has declared the trading statement 'very favourable' and in line with its own recently increased estimates. It reckons Neteller is picking up even more market share in the online gaming industry.

Citywire tipped Neteller as a buy earlier this week at 526.5p and reiterate that recommendation today.

cheers GF.