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'm still in as I don't think the pull back was too bad in fact I added a few. I'm prepared to wait long term on this one good riddance to Evil if the results are as good as we expect! Was that influence or flatulence you meant Hustler--hot air is spot on! NLR is my 2005 star--ever hopeful!

Hustler Guess what the very very clever EK now has picked up IBB (Islamic Bank of Britain and Stanelco - gone short since they were on the up and up lately - you right - he just picks up the most gainers and then shorts them - so much for his cleverness !!!

Rather than loking at the negative of that Bar Steward - we should use him to our own ends. Whenever he goes short - he provides us with a buying opportunity - and provided that we have done our homework and are convinced of the fundamentals - it will in the long term be just a blip in the share price.

The important thing is to know where he is and wait for the buying oppportunities.

As they say " what gets shorted has eventually to be bought"

So lets make sure that we keep the info coming and ensure we know what shares he is in and out of.

Bazza

http://www.lemminginvestor.com a small cap research hub that uncovered NLR before anyone else at 193p, will be updating NLR later this evening. Shorter`s may need a clean pair of pants come April 5 if they have not closed their positions.

Bazza in response to your post794 here is what THE BAR STEWARD posted FRI just about as the markets were closing - hope it is useful.pension271


Long: Zoo Digital (ZOO), Sydney Resources (Canadian), Aurum Mining (AUR), Futura Medical FUM), Bits Group (BIT), Voller Energy (VLR), Apac Minerals (on the TSX), Cobra Bio-Manufacturing (CBF), Kryso Resources (KYS), Themutual.net (TMN), Eureka Mining (EKA), Baltimore (BLM), Monsoon (MSN), British Energy (BGY), Fulmar (FMR), ZI Medical (ZIM), OEM (OEM), Caldwell Investments (CDW), Northern Petroleum (NOP), Global Natural Energy (GNE), Sci Entertainment (SEG), Victoria (VCP), BioProjects (BIP), Marshalls (MSLH), Clean Diesel (CDT), James Cropper (CRPR), Pipehawk (PIP), Ringprop (RPP), Urbium (URM), Medical Solutions (MLS), Blavod Extreme Spirits (BES), Black Arrow (BLKA), Chemistry Communications (on Ofex), Texas Oil & Gas (TXO), Regal Petroleum (RPT), Gaming Corporation (GMC), Golden Prospect (GOL), Centamin (CEY), Uruguay Minerals (UME), Petra (PDL), Medoro (MRL), v $, Oryx (US), Golden Dynasty (Oz), Corus (the debt).

Short: Islamic Bank of Britain (IBB), IP2IPO (IPO), Stanelco (SEO), Asia Energy (AEN), Medical Marketing (MMG), NeTeller (NLR) (short), Luminar (LMR), Eidos (EID), First Calgary (FPL), Central African Mining (CFM), Premier Foods (PFD), Pursuit Dynamics (PDX), ASOS (ASC), White Nile (WNL), Financial Development Corporation (FDC), Game Group (GMG), Connaught (CNT), Pendragon (PDG) HIT Entertainment (HTE), Regus (RGU), Sanctuary (SGP), Marks & Spencer (MKS), Lastminute.com (LMC), Vanco (VAN), Jarvis (JRVS), Bioprogress (BPRG), 3DM (TDM), ISoft (IOT), Countrywide (CWD), Ramco (ROS), Carpetright (CPR), Floors to Go (FGO), Patientline (PTL), Evolution Group (EVG), Cardpoint (CASH), Petrel (PET), Vedanta (VED), Kensington (KGN), Krispy Kreme Donuts (US), Google (US), Caremark (US), Orasure (US). My Travel Ordinaries.

New Positions: IP2IPO (IPO) - short, Islamic Bank of Britain (IBB) - short, Stanelco (SEO) - short, Zoo Digital (ZOO) - long.

Positions closed: Elan (short)

Pension 271 - thanks for that - will study it in the morning

B

pension271,

IMHO I think EK has called NLR wrong. He cites competion fears, etc. The comp has been there before NLR listed. I could understand it if PayPal changed tack, but they won`t. EK also called Kensington Group wrong.

elrico

too true, i agree , but as mentioned in various previous posts he does the harm in the short term.We all should stick to our beliefs and soldier on.

Independent has this to say:



The Week Ahead: Broker backs NETeller to beat the bears
By Michael Jivkov
04 April 2005


Bear Raiders have mauled NETeller shares in the run-up to tomorrow's maiden results from the money transfer specialist. The fact that short sellers have targeted the group is no surprise. NETeller listed at 200p a share a year ago and soared to a high of 757p last month, at which point the company was valued at 900m.

The raiders used every trick in the book to try to push the shares down. First they suggested that it was only a matter of time before the company faced more competition to its specialist "e-wallet", which funnels money from online gamblers to betting and casino sites. Then they spread the rumour that NETeller's recent acquisition in the Far East had hit a snag. Throughout the onslaught the group has refused to comment on speculation and has persistently said that its results will do the talking.

But what should investors expect? For the year just gone, Durlacher forecasts it will deliver a pre-tax profit of $52m (28m) on sales of $83m. And it expects profits to soar to $84m in 2005. With a price target of 1,200p on NETeller, the broker is basically saying to the market that if you are short of stock you are going to face significant financial pain.

good imput pen271
touch off at posting today -2%
results tomorrow should clear the way
for the next move up
regards HUSTLER

Moving up nicely

NETeller PLC
05 April 2005

Neteller Plc


FOR IMMEDIATE RELEASE
Year end results for the period ended 31 December 2004 for NETeller plc

All figures in US$ unless otherwise stated

Financial Highlights

For the year ended 31 December 2004 NETELLER Plc is pleased to announce that:

Average daily sign ups 1,821 (2003: 910)
Total year end members 1.25 million (2003: 0.59 million)
Revenue $82.6 million (45.0 million) + 130% from 2003
EBITDA $48.5 million (26.5 million)
Profit before tax $45.8 million ( 25.0 million)
Net profit $33.0 million (18.0 million)
EPS $0.28 (0.15) based on total shares outstanding

Gord Herman, President and CEO for NETELLER stated 'Our first year results in
the public market have achieved or exceeded what we had anticipated. The growth
in revenue, member sign ups and earnings are all in line with our expectations.
Implementation of our strategy to proceed with geographic expansion and
increased market penetration is proceeding successfully as evidenced by our
acquisition in the Asian market and the 1.5 millionth signup milestone which was
achieved last week. Our current momentum and outlook for 2005 are very
positive.'

The following comparisons between 2004 and 2003 are between the Group and
NETELLER Inc, the predecessor company. The operations of NETELLER Inc were
acquired by the Group on 31 December 2003.


Year ended 31 Year ended % change
Q4 2004 Q4 2003 December 31 December 2004 2004 to 2003
unaudited 2004 2003 Q4 to Q3 Q4 to Q4 31 December

Revenue 27,591,548 12,551,875 82,580,750 35,941,217 26% 120% 130%
Cost of sales 8,371,069 3,763,485 25,268,536 11,746,420 26% 122% 115%
Gross profit 19,220,479 8,788,390 57,312,214 24,194,797 26% 119% 137%
General and Admin 4,141,282 1,705,066 9,272,925 3,831,963 95% 143% 142%
Other expense (income)
Management bonus 11,322,251 1,058,000 24,494,474 na
Foreign exchange (1,375,622) 193,162 (1,555,014) 118,618 163%
(gain) loss
Depreciation and 847,354 54,506 2,717,725 102,620 31%
amortisation
Gain on sale of assets (6,566,761) (6,566,761) nc
Profit before tax 15,607,465 2,080,166 45,818,578 2,213,883 18% nc nc
Income tax expense 2,583,554 (81,456) 12,797,319 (24,134) -38% nc nc
(recovery)
Net Profit 13,023,911 2,161,622 33,021,259 2,238,017 46% nc nc
Basic and fully diluted na na $ 0.37 na na na na
earnings per share
-weighted average shares
outstanding
Earnings per share - $ 0.11 na $ 0.28 na 46% na na
total outstanding
Daily Sign ups 2,072 1,068 1,821 910 -1% 94% 100%
Total Members at December 1,251,031 586,477 1,251,031 586,477 18% 113% 113%
31
Average Daily Receipts
from members $2,348,669 $ 1,142,282 $ 1,807,943 $ 797,025 21% 106% 127%

Could be a good day for gaming with GMC announcing its deal with Orange!!!

I have given up trying to rationalise this stock - a stomping set of results and the share price is dropping. I expected some profit taking - but did not expect the price to drop quite so quickly?

B

Profit taking, then we should go up and up! IMHO

Neteller says it could be a bid target

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=73307&MenuKey=News.Home

good post Toogood
if a bid does come the sp will rise
if not with growth prospects and asia the sp
will also rise still seems a good bet
after all brokers have set a 12.00 target
should be plenty left to go yet
regards HUSTLER

I am not in on these shares but aint i right in saying that today is the last day to capitalise your capitals gains allowance for the tax year so many private investors dealing in reasonably substantial amounts (maybe not so in this share due to its large rise over the year) will be selling thus price stagnation and drops. I think you arent allowed to re-buy for 30 days (is that right?) so people who hav sold over the last 30 days will begin to come back in as of tomorrow morning sharp thus sending the price steadily upwards over the next month. I may be talking shite but that is how i understand it. Even shares that have fallen heavily over the last tax year could be getting sold off to offset the losses against large rises that investors have in other shares freeing the rises from capital gains tax. All small caps seemed to have drifted over the last month.

captainmerton

According to hubby you are basically right...unless you have a spouse/friend who buys them at the same time you sell ( so just dealing costs ) then pass them back next time, or whenever.

Regards Ruthie

Hi all
all the newspapers -Telegraph,Independent, Guardian, Times, FT have a mention of NLR and all but one say go for NLR. Here it comes!!!
p.s.anyone have any news on SBT - same industry and I am stuck with them with one massive loss ?