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

Here it is !!

Cassava to try its hand at $1.6bn IPO for 888.com
By Lina Saigol and Matthew Garrahan
Published: March 16 2005 02:00 | Last updated: March 16 2005 02:00

Cassava Enterprises, one of the world's biggest internet gambling companies, has hired CSFB to prepare a flotation of 888.com, valuing its online poker room at up to $1.6bn (836m). The flotation is expected in the second half of the year.

The move comes just weeks after PartyGaming, owner of Party-Poker, the world's biggest poker site, said it had hired Dresdner Kleinwort Wasserstein and Investec to look at a London offering, with a valuation of more than 3bn.

Cassava, which is based in Gibraltar, is headed by John Anderson who is also chief executive of Burford Holdings, the UK property group.

About 70 per cent of the company is controlled by two pairs of brothers, including Israelis Avi and Ahron Shaked. The remainder is owned by the management.

Cassava's most recognisable brand is 888.com but it also owns Pacific Poker, Casino-on-Net and Betmate UK. CSFB and Cassava both declined to comment.

Online poker has exploded in popularity and some analysts are predicting it could soon generate more money than sports betting.

A report released last week by Dresdner Kleinwort Wasserstein estimated that there could be 7.7m poker players worldwide by 2008. Total revenues from poker last year were $1.4bn, but DrKW is forecasting sharp growth to $5.9bn a year by 2008.

Companies such as 888.com have chosen to list in the UK rather than in the US, the world's biggest online betting market, because the legality of online casino gaming in the US is unclear.

The UK could become a hub for online gaming companies if the government's controversial gambling bill becomes law. The bill will introduce regulation for the sector for the first time and position the UK as a market open to online betting companies.

Other companies keen to get in on the poker act include YahooUK, which will launch a gambling website next month, and WPT Enterprises, which plans to launch a gambling website in the second quarter.

Winning the pitch to float 888.com will be seen as a boost for CSFB, which has succeeded in a series of equity capital market mandates across Europe recently.

Other deals for CSFB include the London flotation last month of Sistema, the Russian telecommunications group, and the Frankfurt listing last week of Premiere, the German pay-TV company, which it handled together with HVB and Morgan Stanley.

The bank has also been selected to work on the forthcoming flotation of Areva, the French state-owned nuclear power company.

I,m enjoying the banter!!

rgrds
gk

cheers GK! knew it was somewhere

Thanks for that GK.

cheers GF.

News just in Evil as just opened a short in NLR. Opportunist as ever. He can see the MMs plight re - to stock.

Will now have to change my stance I feel. Sold two tranches already.

May have to sell more.

cheers GF.

nice and nimble GF! where did you hear the evil news?

Wheres your big buyer to save us GF , thought it was mm games , buys out number sells you told us and oh yeah ... nothing to do with supply and demand.


So what you worried about ?

Roflmao

PT on t1ps.com. Its not Evil you have to worry about its all his followers.

cheers GF.

He dont look to evil, more like your dad...

cheers GF....and simon, thanks for that!

did dey beat de drum slowly,did dey play de poips lowly, did dey soud de dead march as dey lowered y'e down.

She'll rise again!!!!!

did the band sound the last post and chorus ?
did they pipe the flowers of the forest ?

one of my favourites dikytree

capa

Interesting posts. So here is the problem. Having made a nice profit on these and about to go on holiday for a week do I sell and bank the profits or is this correction over and I should just sit and wait for the longer term upward trend return? I am tempted to sell and buy back in later, hopefully at a lower price. Common sense tells me that with a spread of only just over 1% the only danger with tactic is a sudden increase in sp.

Any thoughts welcome

B2B

I try to make an habit of selling everytime Evil and his army move in on a company. These are not the same circumstances that prevailed when he first attacked it. He was onto a loser then.

You really have to make your own mind up.

cheers GF.

GF, where would one find information on 'Evil' and his intentions
cheers

hampi-man - Try here

http://https://www.t1ps.com

Lol GF , yours is one of the biggest about turns in 2 days that I have ever witnessed !

Must be the way you tell em.

I'm out. Trying not to stay too attached. But I shall be back in soon.

It's just like printing money for Evil. Just has to mention a company these days and the SP changes -- which way depending on his position.

Hi HM, he gives an updat mon, wed, and fri on his buys and sells on the T1ps.com site.

cheers GF.

He gets plenty wrong just like the rest of us but he doesn't choose to publicise those as much.

Any mate of Tom Winnifrith can't be that bright.