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

Huge buy of 250,000 shares at 4.75...stockdog...was that you?!?! :0)

I added a few--I have a feeling they won't stay this low for long. Who can afford 250000-lucky chap!

Well I am in at 465 - did nt expect to see them this low - so am averaging down.

Would prefer that they rise now - pretty please

Baza

Wooo, this is hard to watch though....

I purchased in at 2.20ish but sold out at 6.50ish and repurchased at 5.90ish... Should have waited longer to get back in :(

Well u certainly did well first time round - I am starting to wonder whether I have made a shrewd decision - or a crap one?

B

Doesn't look pretty to buy today, IMHO. Market's just too dodgy, need to see it stabilise a bit first.

sd - I think U are right - crap decision of mine - should have stayed out.

Baz

Guys dont despair - one has to see the comments last week /early this week on this board -not a lot has changed as far as NLR - it is the market generaly playing up. Till yesterday my ave 5.86 - now after adding on today 5.22. Going to soldier on and hope all turns.
Best wishes p/271

Wish I'd picked up stockdog's analysis earlier - another who bought back in at 650p, getting the timing wrong, and then decided to hold on the Evolution advice. The thing that really surprises me is that the shorters have had it all there own way today. sp down 54p with buys outweighing sells. I reckon that some 800K of the sells were shorts - round figures sold at strategic points thoughout the day. Its almost as if the MMs wanted to get the process over with - or catch the shorters with their pants down with a sharp rise tomorrow. Any explanations? What sayest thou, gf?

Eric

Still waiting to get back in thankfully. But really can't work out where this is going to stop. Surely it can't be too much further.

I'm thinking it could even get down to 400p!

Morning all. Looking very blue outside but a might red indoors.
I have exactly the same the same problem as P2. I got up early this morning to sell some sleeping shares and buy another tranche of these. Certain that they had been oversold and folks would be taking advantage of it. Whilst selling the other shares NLR have started to slide. When do I go back in?

Still waiting


Cheers

B2B

I never thought we would see this price,, not this year anyway,it surely has to turn around soon..JB.

Starting to think that the stratergy here might be to buy in 3 lots spread over the day. More costs but will kick myself if these fall further after I have bought in.

Any thoughts

B2B

Feels like it's just paused for breath before it takes another plunge. I'm going to hold out for 400p. If I'm wrong then it's just a little less profit.

Just got in at 4.40 as it started to turn upwards. Still have 2/3 to invest. Not sure what I want the price to do now.

B2B

The fall -does this mean that all the 'pundits' /'gurus' - at Evolution,Durlacher, Hargreave Hale, Canaccord and the various mags predicting 8.75 to 11 targets are wrong????????? One would like to think that it is the general market, but NLR more than normal heartache.!

Have to believe this is all about the market in general and not NLR. Sold HMY to buy some more of these. HMY is down 7% at the moment. Let's hope my buy was as well timed (lucky?) as my sell.
Long term this has to be a good price.

B2B

First rule of making money is not to lose it.

I am waiting and watching. We've had a big head and shoulders falling through the left shoulder support and are half way down the left arm. I see no support now until 350 and then 300. I anticipate a settlement with general sideways progress through this channel for a while. A decisive break back up through 350 will be the buying signal. OK so you miss out on the first 5-10% rise, but you also miss out on the last 20-25% loss. All IMVHO.

Not a good moment in this savagely corective market to be buying into speculative penny shares, methins.

The Doggossus of Rhodes