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

And more positive news...........................

This just out from Dow Jones Newswires:

DOW JONES NEWS RE SBT & NLR

03/03 14:37 Sportingbet CEO Wary Of Expanding Into Asia For Now

LONDON (Dow Jones)--Sportingbet PLC's (SBT.LN) chief executive said Thursday that concerns over payment-processing will deter the online gaming company from expanding into Asia in the near term.
Sportingbet CEO Nigel Payne was speaking at an online gaming conference in London.
Payne, who last week said the company could look for acquisitions as early as June, said Thursday that the low margins currently available in the Asian market don't yet outweigh the risks involved with the transfers of funds.
But "if NETeller can crack open China," Payne said, the company might be interested in expanding there. He was referring to NETeller PLC (NLR.LN), a money transfer service used by Sportingbet and many other online gambling merchants, which bought a Macau-based payments processor earlier Thursday. The deal will allow NETeller to offer electronic money transfers in China and is its first move into Asia.
The Asian market has the potential to open up in the next 12 months, Payne reckons.
The Chinese online gaming market grew 90% to $435 million in 204, according to market research firm Analysys International, and is expected to grow another 50% this year. Globally, the online gambling market is estimated at about $12 billion, growing at 20% a year.
(MORE) Dow Jones Newswires
March 03, 2005 09:37 ET (14:37 GMT)

cheers GF.

Back to form with a bang, just look at it go now.

cheers GF. PS , nice to see the volume as returned. Plenty of updates over the coming days.

Good postings gf.
Interesting Sportingbets comments
they obviously rate NETeller very highly and are looking
to them to crack open asia market before they make
make thier move, which means the bond between the two
will remain strong which can only be good news.
All this good news and they finished on a new
high of 6.52 bid, roll on double figures in the near term.

regards HUSTLER

Got to take the opportunity to say thanks to gf and co. Got into these early and am seeing really excellent profits. Long may it continue.

Cheers

B2B

Like I said last Friday, sometimes it is better to just buy and hold, finished at an all time and intra day high again. I suppose this could be classed as a breakout.

capa

Got to be the most bought share on the market at the moment. Theres so much to come aswell.

Cheers GF.

Earnings enhancing deal today will take the prospective P/E down to around 19, BUY.

cheers GF.

This ones heading for the Moon Hustler.

cheers GF.

Was that a ramp GF ??
Baza

more like a launch pad Baza
rockets need them
all the best

HUSTLER

Firing on all cylinders this morning. The crowds back buying this one.

cheers GF.

More news in......................

Guardian Market Comment

On Aim, NETeller, which has developed an electronic wallet for online gambling, climbed 33p to 655.5p, an all-time high. The rise came after the company secured a foothold in the potentially lucrative Chinese market through the acquisition of Quick Access, a Macau-based credit card payment processor, for $12.5m.

The stock was also lifted by news that house broker Durlacher had increased its earnings forecasts for this year and next to 57.8 cents per share and 114.3 cents respectively, which puts NETeller on a price-earnings ratio of about 20 times for 2005 falling to just over 10 for 2006.

"The underlying NETeller numbers appear to be strengthening with the average number of joiners around 2,400 a day. With March madness still to come in the USA, we feel it right to upgrade the outlook," said analyst Julian Tolley. ENDS.

Forward P/E of 10 makes this one very cheap indeed.

cheers GF.

Rising earnings forecasts are great news for stock prices

Just released some more cash. Already in these at 390 and 500. Is it time to sit back with these and look elsewhere? Or is there still worthwhile mileage?
My other thoughts are DGM, AUG, SEA and GLD. Will make my own mind up eventually but would value your thoughts / rank order gf.

Cheers

B2B

bloody marvellous .... just like our rugby team :-)

B2B, wheres HMY on that list?. I rate it very very highley. Certainly worth taking a look at the thread and doing a bit of research.

As for NLR a forward P/E of 10 makes them derd cheap, on that kind of P/E and more earnings acquisitions in the pipeline there is a case for analysts to say these could double or more by this time next year, Im not saying they will because we cant forecast the future markets but I have every faith they will get to Dils 11 Quid target by september.

cheers GF. PS we usually get a late surge with these on a friday afternoon.

trying hard for 7.00 gf - 6.88 at 4pm
hope the normal late rush will push them over
with forward pe 10 - dills 11.00 target looks a very
safe bet if newsflow keeps coming could go a lot higher

regards HUSTLER

Sure could Hustler. Going on a late surge now.

cheers GF.

I did say it was a conservative estimate , if they meet forecasts then I would expect a lot more.

Many thanks for the comments. Will check out HMY over the weekend.

B2B