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

Steady boys let`s just make money not accusations.
Cheers.

An excelent finish to the day considering we were down for a good part of it. Looks like most of the market as been in the doldrums today.

cheers GF.

Hi gf
See a couple of posts from Bones
content has been edited, but from your reaction
it must have been quite cutting and personal.
Just ignore, as you say this board is full of friendly
characters with light hearted banter as well as constructive
views, thats the way we want it to stay.
Myself and many others respect your views and hard work
behind the scenes keep it up.
After all we,re only trying to make a Buck lets all
stick together.
All the best

HUSTLER

Thanks for that Hustler lets get on with business.

cheers GF.

Stop over reacting GF , only saw Bones first post and it was fair comment with no personal attack ... unlike earlier today when someone suggested I was bonkers !

GOLDFINGER WHATS YOUR VIEW FOR TOMORROW ABOUT THIS BEAUTY.ALSO FOR BFC IF YOU ARE IN,ANY COMMENTS ARE APRRECIATED.THANKS.

I love this share, added again on friday morning at 675p now sitting in Florida and making money while on holiday ,does nt get much better than that,actually it could as its raining here..JB

A180 all depends on the general markets at the moment. Should be better when we have got the interest rate decision out of the way on thursday lunch.


Daily Mail.
Mention is made by Geoff. Foster that yesterday's spike of .56p was due to 'vague take-over rumours'. An unlikely scenario at this stage I would have thought!

cheers GF.

Presently down but buys matching sells and it looks like another big volume day.

cheers GF.

going great this, I have owned since 241p so I am well pleased...

Just sold my SBT's though as have had too many poor days and it had dropped to my sell price... anybody got any good shares you think I should be looking over????

Simon please take a look at the ZOO thread DYOR though.

Nice to see the price on NLR coming back in towards even.

cheers GF.

Back positive again, NICE.

cheers GF.

Apologies if this has been posted before. Not much new here, but good publicity from the FT.

rgrds
gk

Neteller closer to global goal after acquisition
By William Hall
Published: March 9 2005 02:00 | Last updated: March 9 2005 02:00

Neteller, the fast-growing Isle of Man-based electronic money transfer service focused on internet gaming, has taken its first step towards becoming a fully-fledged global internet bank by buying a debit card processor in Asia.


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Last week's $12.5m (6.53m) acquisition of Macau-based Quick Access, which processes $50m of debit card payments annually, provides Neteller with access to payment networks in China, one of the biggest growth areas for gaming and financial services.

The acquisition will be integrated into Neteller's payments system that allows customers to load, withdraw and transfer funds instantly by purchasing e-money. Benjamin Lee, a former Hong Kong deputy trade minister, will head Neteller's Asian operations.

Neteller's growth has been fuelled by the reluctance of Visa and Mastercard, two of the world's biggest card-based payments systems, to become heavily involved in handling internet gambling payments, which account for about 80 per cent of Neteller's transactions.

Gord Herman, 46, Neteller's chief executive, said that while gaming-related money transfers were the company's current growth driver, it was only a means to an end.

"We want to use the gaming industry to create the worldwide infrastructure that will allow us to go after the mass market in internet banking," said Mr Herman, a former GE Capital executive.

He added that the company also aimed to compete with Western Union, the money transfer arm of First Data, the $33bn US financial services company.

One of Neteller's closest potential rivals in the internet arena is PayPal, an online payment system with 64m members, which was bought by eBay, the internet auction company, in a $1.5bn deal in October 2002. However, PayPal does not service the gaming industry.

Neteller has been authorised by the Financial Services Authority as a regulated e-money issuer. It plans to use this as a springboard into the rest of the European Union.

The company, founded in Canada in 1999, moved its headquarters to the Isle of Man just over a year ago, where about 20 of its 450 staff are based, to take advantage of the island's low tax rate.

Neteller has been one of Aim's star performers over the past year. It is one of the leading online money transfer systems for an internet gaming market that Bear Stearns forecasts will grow from $6bn in 2004 to $15bn in 2005.

An estimated 2m gamblers log on daily to more than 31,000 internet gaming sites, and the number of Neteller's customers has jumped from less than 100,000 in January 2002 to 1.25m at the end of 2004.

It has clients in more than 100 countries, but the bulk are in the US.

Neteller's shares have more than trebled since it floated last April at 200p, despite fears about the sustainability of its growth rate and concerns that the US Justice Department might try to curb offshore gaming by US citizens. Neteller's market value of 827m is near that of Egg, Prudential's loss-making internet bank, valued at 898m.

Dont worry holders we might be going through a stiff patch but as you can see there isnt a TA follower with the nerve to put his or her theory to the test.

Volume is still there so we should see a recovery comew good times in the US.

Do not sell on this short term weakness.

cheers GF.

What TA theory ?

You tell me.

cheers GF.

Just ticked up positive.

cheers GF.

See what Evil wrote yesterday:

I continue to watch the meteoric rise of Neteller (NLR) with amazement. I am told by a man who knows about these things that competition is mounting so I really do want to go short, but the way that the shares are hoofing along, to open a position now would be to stand in front of the metaphorical express train. Even for someone of my stature that would be an unnecessarily painful experience.