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
I've cleared one of my positions so got some cash to invest. Want to get on board but not sure when. After rises over the last few days, will this level off.
Tracked you down - where the action is, of course! Wanted on ASC BB for a second ASOS Challenge! Others welcome. I expect your pals here will be checking you put forward NLR!
Hi Eric, yes these are going great guns I'll see you over at ASOS for a look at the challenge. Hope I can do better than last time !! Still hold CCN but its a bit of a sleeper :-)
Very pleased with this one but don't forget to keep an eye on paypoint PAY the sp prospects are excellent long term IMHO! It seems the market has not yet woken up to this one yet similar reaction to NLR when it came on the scene. Maybe I should put this in the ASC challenge. cheers MP