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

I am out temporarily. Really a defensive measure as I am trading in CFDs and can't afford the risk of a much larger correction. The charts are not looking particularly good naturally. The other readon was to release funds for positions in GMC which has paid off handsomely so far. Benefiting from the same market as NLR. Simon Cawkwell has prediction 60p which corresponds to 100m cap; could be a lot of action left. Just observing NLR from the sidelines for a while, prepared to jump back in when the charts and funds allow. Suspect GF has taken a better stance than I have but I tend to be an all or nothing sort of chap!

Eric

Still watching eric. The volumes coming back now but theres more sells than buys. Still hold two tranches at a nice profit but waiting on sidelines to see if theres more action in this one.

cheers GF.

>>Don't agree with you about the chart. I do'nt think it could look a lot better frankly. The bears had a chance to give this some hammer, and I,m pretty sure the MM's were tree shaking but the bounce has come. Mind you GMC I'm aware that GMC has gone balistic. Despite the slight chill in the week, I think the key is to stay as fully invested as possible. It's a bull market after all (or it seems like it to me)!

rgrds
gk

Good post, gallick. Agree throughly: the problem is a limited amount of funds and wanting them here, there, everywhere like Old McDonald.

Did a goldfinger on SEO and closed two out of 4 positions - need to withdraw 20K to pay deposit for daughter's house in Phuket on Wednesday (Phuket, I say!). So NLR has gone, half of SEO has gone, but thank heaven for GMC and little girls!

Eric

When you look at it what has happened? the price at some stage dropped by 70 odd pence from its high , but this aint a penny share and that drop is only just over 10%. I've seen GMC move more than that within an hour both ways.

A fall of a little over 10% is nothing when you consider the run this share has had and I agree with gallick that things are looking very good indeed, but it seems we are all traders nowadays and a couple of days on the slide or static and we feel the need to sell and look for the next hot stock. I think in the long run you may just be better off buying and holding.

capa

capa

I appreciate the point. But how is it with you? I find it the other way round: this share comes to my attention which I simply have to own, like a gorgeous female, so what do you do? look amongst the current harem and see which is the most disposable; she is no longer attractive to you and perhaps just somewhat boring and is past her sell-by date! For female readers, just transpose the sexes but I don't know what the male equivalent of 'harem' is! Any suggestions - females only, please; the blokes will start being lewd!

Friday evening - its the Rioja again!

Eric

Fully support your view capa
not many companies have the prospects that
NETeller has - the fun has only just started
News in April - Huge growth - Asia coming soon -
This company is a money making machine, you would be
mad to ignore hang in for a lot lot more.

regards HUSTLER

ps enjoy your Rioja eric
now off to the pub, thought i had better post
before i go for a change tend to get a bit (ditlecatict)
after a few pints, all the best.

Eric , I tried chasing the latest "hot" number but found that using a reasonable stop loss that allowed for a bit of breathing space then 9 times out of 10 I would have been better off sticking it out with my original picks for the long term ride rather than switching.

Go look at the pull back to 280p on the advfn thread where I think my words were "you lot worry too much" ... goldfinger might remember.

Happy hunting.

Regards

I certainly do Dil as it was around the time Evil K had stated he was short. His short didnt last long, 10 days I think. I sent him an e-mail telling him he was demented shorting NLR. He was out 2 days later.

Friday looked a lot better with volume returning.

cheers GF. PS, should be a rip roaring game Dil, Wales V Ireland. Cant wait.

good to see rising again today
closed at 6.17 bid up 16
running against the market
only 3% below it's high price
back on a roll

regards HUSTLER

Back positive again Nice.

cheers GF.

asia here we come - news just out
aquisition paves the way for far east
sp responding - touching all time high
at time of posting

regards HUSTLER

I,ve lowered my stoploss on this -- too close before, don,t want to get caught out again!

Started to buy again with avengance. Added 6 now new tranches this morning. Dont forget all those that tipped this including all the tip sheets will have to update and there was a LOT. The Asia news we have recieved is excelent but you can see from the RNS that its just the beginning and more acquisitions are on the way. I can see Dills september figure of 11 quid being made .

cheers GF.

Killik Brokers Morning note....................





NETELLER China acquisition



Neteller, the leading online money transfer service provider that has benefited from the strong growth in gaming, announces today the $12.5 million acquisition of Quick Access, a Macau based debit card payment company. This represents its first move into the important China gateway story and will represent an earnings enhancement in year one. The deal is small in financial terms but important and a seemingly low risk route into a market they need to understand and have exposure.



The shares have been strong performers of late rising to 630p (up from the recent 280p placing price) for a prospective 23x earnings. We recommend this stock.

cheers GF.

Where is everyone?.

Busy calling their brokers to buy NLR, I shoudl think.

I'll buy at under 475p - but wish you all luck way above my reach at present.

SD

You worry too much gf , sit back and enjoy the ride :-)

At last we have the boys back. Up 28p now and not far off its day high , thats more like it. I can see youer 11 quid target being hit here Dil well before september. BUY BUY BUY . Lets not forget aswell the acquisition today is earnings enhancing in this calendar year so that will drop the P/E to a lower figure. Its currently a rolling P/E of 22. At next results we should see the forward P/E drop dramatically.

cheers GF.