Neteller Share Discussion Threads

[kooba] 31/10/2008 09:19

been tracking for a while having a core holding around 70p.added a few today.the shares seem cheap in their own right with transaction market unlikely to be adversely effected by current climate.but they are still a small fish in a big pond.either they beef themselves up with some solid synergistic acquistions [as planned] or they will be taken out [funding easy when the target is stuffed full of cash].what i don't think is priced in at all is if there is a regulatory change in us re online gaming [as posted above].assuming nlr still has the footprint over there could be huge again.

[davidlloyd] 31/10/2008 09:14

And there is even the suggestion of returning cash to shareholders as a possiblity too....

DL

[philjeans] 31/10/2008 09:07

and from the update, they are considering acquisitions to spend some - lots of bargains out there currently.

[davidlloyd] 31/10/2008 09:04

No - correct. Think Aspex missed the dollar / pound conversion bit!

Still good though.

DL

[kooba] 31/10/2008 09:02

cash and equivalents $90m = £55.5m.market cap £58.7m.am i wrong?

[aspex] 31/10/2008 08:48

Cash and equivalents 150% of the Mcap.
What a crazy market valuation.

[restassured] 31/10/2008 07:55

agree,good to see the co is able to hold its own in the curremt climate.

[philjeans] 31/10/2008 07:52

Reassuring update and absolutely stuffed with cash.

Nice.

[dan1man] 29/10/2008 10:04

Yeah that was Ron Martin buying 50,000 shares at a cost of £25k. His salary + bonus last year was in excess of £1m (how the fk he justified that when the company posted a loss of $185m is beyond me) His total shareholing is now 110,000, worth about £55k or about 5% of his annual remuneration. He is not going to give a sh*t about the performace of the share price with a sharholding that small. the only other director who owns shares is Dale Johnson with a paltry 9000.

For me this is a major cause of concern and its something I wish I'd looked a lot closer at a long time ago.

[welsheagle] 28/10/2008 19:33

There has been Director buying fairly recently.

[dan1man] 28/10/2008 12:22

Agree with all this, but one thing troubling me is why aren't the directors buying shares in any significant numbers?

Surely if this was a once in a lifetime opportunity they'd be filling their boots big time??

[restassured] 28/10/2008 12:03

Overdue a decent rally.

Once in a lifetime financial meltdowns also throw up once in a lifetime opportunities for those looking in the right places.

[philjeans] 27/10/2008 09:08

Just topped up (averaged down!) 'cos I just can't resist a highly profitable, recession-proof, cash rich, multi national business with a maiden dividend coming up with next results.

Cash backing roughly equivilent to market cap, making this very valuable business valued at precisley zilch.

Takeover within 6 months.

[pandide] 24/10/2008 18:37

Neteller could conceivably benefit from the financial turmoil.
It is 100% safe since it neither lends nor borrows.
It simply provides a secure method of making online payments, an activity that is growing in leaps and bounds and which will get an infusion of activity if people use banks and credit cards less.

[targatarga] 24/10/2008 12:02

dan1man - the market doesnt value these on assets..sellers pushing the price down on nearly everything... will be adding when my cheque comes regarding cft

[dan1man] 24/10/2008 11:21

Anyone any ideas why the market now considers neteller's business to be worthless (as of today market value is equal to cash assets - circa £57m)?

[malcolme2] 21/10/2008 08:08

Graham, the interesting annoucement is the virtual pre paid card for use on the internet. It generates a one use number for security reasons. So if a hacker nicks the number it can not be used again. As a person who has had their credit card details stolen, this announcement is very big news. Now lets see the neteller marketing dept make a big deal of this.

[grahamite2] 21/10/2008 07:42

This is interesting news today but I wonder if they are a bit late. 2 years ago there would have been no competition, in England at any rate, for a prepaid card. Anyway it should be an earner.

[davidlloyd] 17/10/2008 16:19

Trying to tease out weak holders (?) or more probably to do with the large 400K sell. Can't wait for the overhang to clear.....

[zoo123] 17/10/2008 15:20

Why is this going down??

[25cent] 14/10/2008 14:59

Yep the baby got thrown out with the dishwater, i notice that the Arron Banks CFD long bet on NLR was doubled last week to 2 million shares also.
If anyone does not know Arron Banks , he and his partner John Gannon are famous for buying undervalued stocks and then taking them out.
Add this with Director buys and the constant good news RNS the 40p per share cash in the bank and you have a surely a recipe for a good punt on these shares?

I did not even look at the monitor Friday, i really wish i had seen that Director buy, oh well such is life.

This is Arron Banks & John Gannon's company.


Not only also isle of man company like NLR but read the first sentence.
"Brightside Group plc is one of the fastest growing insurance broking and financial services businesses in the UK."
Very interesting why he has bought into NLR?
When you add the jigsaw together it looks like NLR is on the verge of being taken out imho.


powwow ref your question.
A Sellbot is a computer generated share trade that splits up a large sell order into small share amounts until the full order is clear.
NLR has been under the pressure of sell bots for as long as i can recall as US holders moved out (or so we are told).
Once the overhang is cleared i honestly think that this will move over the 80p resistance general market permitting obviously.

[dan1man] 14/10/2008 10:39

absolutely, what a buying opportunity this was when it dipped below 50p!!

[philjeans] 14/10/2008 10:04

Beginning to get noticed for their recession proof, cash rich and performing business model.