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

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.

Its in a bloody huge uptrend gf so don't understand your post.

Nothing like a bit of self admiration eh Evil ?

He's cocked up on many occasions but you don't hear much about those !

NLR still holding gains.

cheers GF.

Dil what is your target beyond the 11 quid in september? please, I do remember you giving one.

cheers GF.

Well the obvious next target would be 1500p but this is based on some guess work on my part on future rates of growth , current rates are unsustainable in the medium / long term so an assumption of between 20-25% has been used.

Cheers Dil

GF.

I dont beleive it, it was off the front page, whats this world coming to. Anyway its up.

cheers GF.

And its up more now. Is this a pattern up to results, smaller rises each day?.

cheers GF.

NETeller "buy," target price raised

Friday, March 04, 2005 9:56:41 AM ET
Canaccord Capital


LONDON, March 4 (newratings.com) - Analysts at Canaccord Capital maintain their "buy" rating on NETeller (NLR.ISE). The 12-month target price has been raised from 625p to 750p.

An update is expected just after results on the 4th of April.

cheers GF.

NLR Update in SCSW this morning..

JB, can u give a quick update

Sorry hampi its being sent to me, im in Florida. It was positive though..JB

>> GF

Since the price of NLR is now over 750, presumably Cannacord's recommendation must now be a "sell" rating!!

rgrds
gk

thanks JB, hope florida is treating you well

No Gallick not at all. Brokers go from a BUY rating to a HOLD rating and lets not forget theres plenty more in the market with higher forecasts than 750p.

cheers GF.