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

Are they now paying 10% tax with this one?????????????????????????. Next year nil?. Forgotten the time frame.

cheers GF.

The boards gone a bit quite on this one. Come on Dil give us your targets again.

cheers GF.

Here's a post from another BB providing a summary of the channel 4 news feature from last night.

"Channel 4 piece was interesting.

Mentioned the following:
- Boom in online gambling (up 566% over 2 (I think) year period), a lot of which is poker
- Feverish excitement about the proposed flotation of Party Poker, the biggest poker site with 5 million customers
- Excellent performance of shares in online gambling companies
- The almost risk-free model of poker compared to normal betting
- The huge rise in female gamblers/poker players online (account for 40% or 50% I think they said)
- Suburban poker clubs springing up all over the place

At the end of the piece they talked about the gambling bill, and they interviewed the government minister in charge of it all. He claimed that a key advantage of the bill would be that it would help people feel safer when doing transactions online. That was a wholly unconvincing argument. C4 suggested that the UK would have to offer extremely appealing tax breaks to entice existing offshore companies to the UK. The minister didn't deal with that very well, and the fact that bill was essentially a tax generation scheme seemed to become patently clear!

I have to admit, I fail to see how the likes of Sporting Bet could be persuaded to relocate from the Isle of Man to the UK only to have to pay more tax... So, failure of the bill would seem fairly likely?"

Cheers,
Stuart

Hi.

First visit to moneyam for 10 months, 1st trade for 12 months.

Long NLR T25 at 5.815p from early pm today.

Welcome back Toogood.

Just for you GF , 1180p by September results and if forecasts are being met then 1500p by end of year. I tend to err on the side of caution.

You had a look at AUG GF ?

Thanks dil ill be happy with that

I like it when you talk dirty Dil.................LOL.

cheers GF. AUG will have a look.

pps, good piece that stuart, will make sure I use both that and Dils forecast on as many sites as possible.

Feel free :-)

Strange quite day so far.

cheers GF.

Yes its been hovering like this for a couple of days now, i did think 600 by the week end ,doesn,t look like it now..Jb

Looks a little under the weather. Could do with an RNS to get the momentum going again.

cheers GF.

Patience

Nice to see this one in the blue, looks like moneyam are having a few problems with their total column.

cheers GF.

goldfinger,

We had a network issue this morning which meant that we had to do a restart - this would account for the totals being lower than they should be - please accept my apologies for this,

Ian

Many thanks for that Ian, superb customer control/satisfaction.

cheers GF.

On the way up again ,small increase ,but going the right way,

Posted by M.T. Glass across the road :

"..NETeller may even have the potential to join such star companies as Ebay, Google, Yahoo and Amazon as one of the key heavyweights of Internet commerce..."

From this week's TSW, posted by Doomsday at http://www.advfn.com/cmn/fbb/thread.php3?id=6763322&from=2920

Afternoon all,

Posted summary on the other BB I use for NLR info (very popular at the moment) which I thought was worth viewing:

"
Here are half a dozen, in no particular order....

Durlacher targeted short term 700p, and potential for 1200p - I didnt see their analysis, so dont know rationale....

F/c eps for y/e 12/04, 05, 06 are

15.97p
27.86 (+74.5%)
54.06 (+94%) acc to sharescope

So, in 6 months time, we will be looking 18 mnths forward to eps of 54p, ie p/e 11.5 at todays price

There was a pre-close trading update 4 Feb..new signups in Q4 were up 94% y-o-y

Quantum Leap tipped it recently, Inv Chronicle, too, and someone else, as I recall.

Gambling is a growth business, online gambling also, and gamblers want instant cash to spend.....NLR charges the gambler 8% (yes , 8%) to give him instant access to cash......
without the cash/NLR guarantee, they cant get betting...

Gambling companies are keen to sign up NLR, as they want to outsorce the lending risk - no bad debts, since NLR is looking after that!

Looks like a no-brainer to me.....except that what I can't work out is what barriers to entry there are, to stop another few dozen NLRs springing up to compete.....does anyone else know???
"

And another which was a response to the final point regarding competition -

"
There aren't any barriers as such. But customer loyalty is incredibly important in the gaming sector and one of its main constituent parts is that the punter feels that his money is safe. It would take something pretty radical to get a big gaming firm to switch their banking I'd suggest, so these boys look fairly safe. Just my opinion of course.
"

Fairly interesting points made regarding customer loyalty in hte face of competition that I hadn't really considered. Think the writer has a point and can only good in the longer term.

Still a chance of 600p by the end of the day which would make a pleasant end to the week ...

Cheers,
Stuart

I had it down for 600 by the end of the week,,its struggling to get there at the moment ..JB

600 Here we come ,Jb..