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

thank you

Need to go out , will try in morning , feel free to remind me if I don't

dil1704@btinternet.com

Hi all,

Found this article at the weekend by accident, its a bit old but i found it interesting nonetheless;

http://sportsbookreview.com/Articles/11.aspx

Does anyone know what Neteller actually charge for accepting payments to a merchant account, cant seem to find anything on their webpage, im sick of being charged the earth by Paypal for receiving eBay payments and such like from my website, and i read somewhere that Neteller were a lot cheaper.

Oh and im still holding this stock.

Matt

Independant

The Week In Review: Gambler's friend hits the jackpot
By Stephen Foley
Published : 09 April 2005


The legal status of internet gambling in the US is cloudy, but the numbers of Americans, in common with people across the world, who are punting on sports betting sites or playing internet poker has been growing exponentially. The traditional banks won't touch their money, so NETeller has grown into a significant business as a result of this opportunity.

It operates an e-wallet, ferrying money between the gambler and the betting website and taking on the task of verifying users' identities and checking for credit card fraud. An average of 1,800 people a day signed up to NETeller last year, and it made 45m from its cut of transactions. We tipped the stock after its flotation last April and it has more than tripled.

Nervous investors will want to make sure the company is keeping control of administrative costs, but the opportunities continue to outweigh risks for investors with a bit of gambling money available. NETeller has just made an acquisition of a payments company in the Far East that will allow it to expand into gambling-mad China, where its expertise in cross-currency transactions puts it ahead of the local banks. Keep buying.

Nice post Toogood,looks like its on the move again,,JB..

This one is taking off again! nice to see.

It does look as though more folks are again looking to this one to head north again. I am quite happy for it to do so at a more sedate. Its less taxing on my heart. Long term 11-12 will do me fine.

Cheers

B2B

Well we were wrong this week,,anyone got any views on NLR for the next couple months,,is this just a pause ??

Waiting for these Yank Investors to pile in Jimmy. Should be any day now.

cheers GF.

Another big dump for these today,,lets hope they pile in soon..JB..

The whole market is red jb. I can't see these doing anything other than heading north when the "panic" is over.

Anyone know why the market is reacting this way?

B2B

Three days on the run US has been down - today as we speak it is also further down - Uk is just following as there isn't any other news to boost up the market - also Friday !!! We all in the same boat - next week as you say out of panic we should see all heading north. Nice weekend folks.

Cheers ,,Nice weekend to you too..

Was reading a report that said online gambling was up 40% this year in the US which bodes well for NLR, the reports now gone on the site and I cant post it. Never mind.

cheers GF.

I am seeing far too much red today!! If anyone is brave enough...a great buying day today?!?!

Not really. Wait and see how the Yanks turn out. Ive seen some saying they are buying now and it makes me cringe.

cheers GF.

Did'nt get what you mean there GF ..

Well how do we know which way the US are going to go this afternoon. Weve seen good early starts only for the DOW to fall and go backwards quickly. I would like to see a big plus day and a follow up positive day in the US before I commit any more money to this market.

cheers GF. Im a cagey devil Jimmy.

I thought i was GF ,, should of waited until this week and i could of picked up some bargains!!..JB..

Good call GF.