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

Interesting Goldfinger its looking a lot more positive today as well ..JB

good find gf
america come on board
and join in it's not to late

regards HUSTLER

Buyers coming back in in numbers, just added at 611p. Looks like we might have hit the bottom.

cheers GF.

Massive Online Poker Centre stage article in this weeks Barrons Financial Magazine.Focuses on market size of Poker, SBTG and NLR.All positive news, and with their circulation, this will go straight to the heart of hundreds of thousands of American investors.
Tuesday will be an interesting day.


LOOKING FORWARD TO GETTING THE FULL TRANSCRIPT, anyone any ideas?????????.

cheers GF. PS, just look at the buy trades coming in now, superb.

Just ticked up again.

cheers GF.

There we are, anyone a subscriber?....................


MONDAY, FEBRUARY 21, 2005


BARRON'S COVER Week of February 21
Hold 'Em! by Andrew Bary


Online poker has become a $2 billion business, despite its dubious legal status in the U.S. A look at the game, the players and the investment potential.

cheers GF.

Here we are guys weve got it from Barrons...........................

Here you go (Neteller extract only due to length):

Americans have fallen in love with poker -- around the kitchen table, on television and now, inevitably, on the Internet. Fueled by the public's newfound fascination and the success of televised tournaments like the World Series of Poker, online poker has become one of the biggest, hottest, most lucrative games in the global gaming business.

PayPal and Western Union, two big payments companies, don't do business with Internet gambling sites. Neither will American Express or other U.S. credit-card issuers.

Not surprisingly, other companies have arisen to fill the void. NETeller, which is based in the Isle of Man, a tax haven located in the Irish Sea, has seen its shares triple to 600 pence on the London Stock Exchange since it went public last April at 200 pence, giving it market capitalization of 750 million, or $1.4 billion. The company gets an estimated 80% of its revenues from Internet gambling, and acts as a third-party intermediary linking the bank accounts of American players with offshore gambling sites. Once online gamblers have an account at NETeller, they can transfer money from their banks to any Web site that accepts NETeller transfers.

Gordon Herman, NETeller's CEO, says he aims to build "a worldwide money-transfer company," which currently has more than 1.2 million accounts. NETeller profits from a 3% fee charged to Internet gambling companies when funds are transferred from NETeller account holders into the gaming firm's bank account.

Moving money overseas can be cumbersome because it typically takes two to four days for funds to clear. NETeller offers instant availability of funds for an 8.9% fee, and a debit card that allows customers to gain quick access to their funds.

If NETeller can achieve its goals, its stock may continue to rise. Its share now are valued at a rich 43 times estimated earnings of $32 million for 2004, but the price/earnings ratio falls to 20 based on projected after-tax profits of $70 million for 2005. Herman deems the $70 million estimate from a British analyst to be "pretty conservative."

"NETeller has a nice business model," says Boyko of PokerPulse. "Every time people move money around, they win." Boyko notes that poker sites are becoming increasingly aggressive in marketing themselves, offering cash bonuses to new players and rewarding existing players whose friends join.

Sportingbet's Payne acknowledges the payments aspect of online poker is "cumbersome" when Americans are involved. "I could write a book on it," he quips.

It's a measure of the popularity of online poker, however, that Americans are finding their way to the Websites largely through word-of-mouth, and engaging in convoluted financial transactions to play. Given the entertainment value of online poker and the money-making opportunities for skilled players, it's a good bet that the current boom won't end any time soon.

cheers GF.

keep the good news coming
and the sp will respond
long way to go yet

regards HUSTLER

Great quote Goldfinger. Its good that NLR has paused for breath even if just for two or three days because it establishes a support level. I suspect that Herman is so bullish he doesn't see the need for such things but we ordinary mortal punters do feel that little bit more comfortable with something in place. Anyway, have topped up at 600p on Friday and 611p today, ready for the next ascent!

Eric

the market rising is your friend
but the best stocks will find thier own level
neteller is a winner a lot more to come

regards HUSTLER

I think Hustler was dreaming last night, woke up with a poem in his mind, sleep-walked to the computer and recorded it for posterity, then returned to bed with this vision of money encircling the globe, dropping off bits as it went into a neteller dragnet. Happy nights preceding happy days!

Eric

We need the Asian news on this one to pull itself away from the base it as formed. Come on management lets here something.

cheers GF.

Yes i agree,,am i right in saying that results are due out in April,if so it should be back on track...

Bring them on.

cheers GF.

What a rotten day yesterday surely it cant get any worse.................



cheers GF, can it?.

Hi GF
It would seem so

HELP.

gf.

Just out from Killik brokers....................

Sentiment in the near term appears to have turned with active profit taking in the second liners after a terrific run to the start of the year. How far things will come back is the obvious key question but so far, it does not appear as if too much stock is coming out and this feels more like a healthy correction rather than something more significant.

cheers GF.

Never have quite understood the term "healthy correction". Healthy if you are shorting perhaps, or perhaps because when you make losses it may dampen future greed. I certainly do not feel more healthy when the screen goes red.

rgrds
gk

gf

The only answer is to open another bottle of Rioja this evening. The eyes then look red but all they see is blue!

EWR