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

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.

Thanks GF - just added a bit more to my knowledge bank from your words of wisdom
and experience
Baza

I see the spread betters are calling the Dow down aswell at the beginning. Oh dear, now where did I put that rope.

cheers GF.

No nead for that GF its only money..JB..

Help - am starting to get burnt on these

I thought that they had probably bottomed at 530 - and still they go down.

Any words of wisdom please ?

Baza

Im holding at a higher price bhunt,i cant see why they took such a knock ,,but im staying put, it may be a slow road back though..JB..

Well, having missed the boat the first time round, I always said I'd buy in at 475p or below, which is still where I see the chart crossing the uptrend line in the next few weeks. I hope you all sold out round about where it crossed below the 25dma at 650p (my new personal guide on rapidly rising SP stocks) and have your funds ready to buy in when it meets and finds support at this more modest upward trend line.

SD

Evil has given them another bashing--hold your nerve folks he lost out last time. I'm waiting for the Americans to start buying wish I had the cash for some more! anyone expect a trading update soon--I thought maybe June?

Im not selling mine ,and if stockdogs prediction comes good ill be buying more.
Are you sure Evil's shorting moneyplus ??

just a mention briefly on his evilcast saying he still feels nlr hasn't any asset backing and will suffer when competition comes along. as that has not yet happened and they are very well established the no. of users are their assets growng all the time IMO.

Exactly there is no competition at present..JB..

Independent 21.4.05

NETeller jumped 19p higher to 558.5p as Evolution Securities slapped an "add" rating on the e-money group. The broker believes the stock is worth at least 725p a share and tips the company to benefit from the transfer of its operations to the Isle of Man. This move should reduce its tax rate from 33 per cent to 10 per cent. Evolution told its clients that trading at NETeller is strong and suggested that upgrades to profit forecasts are likely in the coming months.

Good pension271 we need some good news..JB..

Gambling sector - cover story in SHARES MAG today
this is what it says re NLR
Credit card companies are scared of US laws and the number of bad debts so they won't provide a service. This means that NLR is in a good position to spread worldwide. It is opening up in China, with Japan, S.Korea and Singapore to come this year.
A deal with a big international bank(may be RBS) is expected in around six months. The bank wants access to NLR's 1.5 million customers to sell them banking services.
Several anylysts have a target of 10 for the shares within a year, as the pros.PE looks undemanding at 12 for 2006.

getting better and better !!!

Nice to see this one on the move again.

B2B

Any one any good news - cant bear to see them down - despite all the good news last week - down 30p this am.
p/271

From Killik morning notes.......................

Neteller Management meeting



The AIM index has fallen 9.4% since its high on 7th March, and in the process has thrown up a number of opportunities. Online payments processor Neteller, for example, is currently trading at 560p, a level which we believe is an excellent entry point for this fast growing business. A management meeting on Friday confirms that newsflow for this year should include details of one or more internationally branded JV banking partners. We believe North American and European earnings growth underpins the current valuation of 15x prospective earnings, and in addition the company is at an early stage in developing its Asian business. Please see our 29th March 05 Morning Note for more information.



cheers GF.