Neo Energy Metals Share Discussion Threads

[25cent] 30/4/2009 10:18

Well all this goes to prove what i was saying weeks ago, that they need to keep hold of all that cash, because frankly that (the cash pile) is the only thing stopping this from being a penny share.
This could re-test the 30's in the comming weeks on the back of those dire q1 figures.

I wont revisit the past about the 8 million loss that i talked about weeks ago against some very strong opposition on this thread, hey snow!

[restassured] 30/4/2009 10:03

I say Good riddance to all the punters selling out.
You are playing into the hands of a dirty dealing Irish Billionaire.

[guidfarr] 30/4/2009 09:46

highlights


While reporting a loss after tax for 2008 of
$8.1 million, profit before other items (such as restructuring costs) improved
to $6.4 million, a turnaround from the $12.8 million loss reported in 2007.

SO WE HAVE A LOSS OF $8.1 MILLION


The proposed acquisition of the European Payments Products business of IDT
Corporation announced on 1 December 2008 is a good example of such a strategic
opportunity. This transaction was intended to accelerate our card strategy,
drive scale into the e-wallet, and provide a levered platform to offer prepaid
cards under both the Prime and Net+ brands. The transaction failed to receive
the consent of the Gibraltar Financial Services Commission due to
the unwillingness of a substantial shareholder (with controller status) to
support the transaction, as announced on 20 March 2009. We continue to pursue
our strategy, particularly around the existing prepaid cards business, which is
fundamental to our core e-wallet offering.


SEEMS TO CONFIRM THIS IS Dermot Desmond AS THEY MENTION CONTROLLER STATUS



During the fourth quarter of 2008, a yearly inactivity fee was applied against
e-wallet accounts that did not have any activity for the preceding 14 month
period. The fee resulted in additional revenue of $1.5 million. The inactivity
fee also resulted in a significant increase in active e-wallets in the quarter
which has been stripped out of the reported KPIs. For the remainder of
this report, the number of active e-wallets and fees per active e-wallet are
stated net of the impact of inactivity fees.

GEEZ IS THIS HOW THEY INTEND TO GET INCOME BY CHARGING INACTIVITY FEES


THE POSITIVE THING IS THAT THEY STILL HAD $82.3 MILLION IN THE BANK IN DEC - WHICH GIVES SUPPORT TO THE SHARE PRICE AND GIVES NEW MANAGEMENT THE MEANS TO IMPLEMENT A NEW STRATEGY

[25cent] 30/4/2009 09:44

Looks like the market agress as well Dan!

[dan1man] 30/4/2009 09:42

I agree with 25cent, I'm surprised the price hasn't plummeted.

This is the first time I've lost all optimism with this shame. tempted to bail out while I can still do so above 50p?

[25cent] 30/4/2009 09:13

That q1 update is horrendous
no dividend, goes completely against what the board stated only 6 months ago.
Struggling against competitors
Sales down across all parts of the business.

What the hell is going on? no wondewr Ron got the boot.

NEO is in a mess.

Now the reason behind that short position built up becomes clear.
With almost every sentence of the results warning about how the company is struggling in this new year I really don't understand why this is not down and i fully expect it will lead to a profits warning in the not do distant future.

[kerpen01] 30/4/2009 08:27

Cash is king at times like these. Rock solid considering economy. We won't see 50p again.K

[restassured] 30/4/2009 08:15

It has been a massive year of transformation for the company.
Earnings are broadly in line with expectations give or take a couple of hundred thousand.
I like businesses that are focused on reinvesting in themselves.

All in all am happy to hold.

[dealy] 30/4/2009 07:39

How much true net cash (excluding client funds) do they really have? I can never understand their definition. Do they really have $84m of their own money?

[snowman10] 30/4/2009 07:15

no divi as i suggested.

snow

[targatarga] 29/4/2009 16:34

OOOOoooohhhh

[25cent] 29/4/2009 11:34

Cheers guidfarr

Polythene, i honestly don't think anything will happen corporate action wise until at least July, that's when the the deferred prosecution by the state of New York is up for review.
D.D does also seem to have his hands full at the moment with his other interests.
I believe the results tomorrow will not be great but a lot of that is largely in the price so we will see.
Unfortunately NEO is being left behind in the general market recovery and sector wise bounce somewhat, but things can change fast if you have the time to wait.

[polythene] 29/4/2009 11:06

Stuttering up only slightly. Somehow under whelming. Is a sell on news reponse likely tomorrow? I am still well short of breakeven. I was hoping for corporate action from DD by now.

[guidfarr] 29/4/2009 10:43

well i did sell mine at 52, i'm nervous to hold these through results day - might pile up again after - I wish all the best to holders tomorrow though!

[25cent] 29/4/2009 10:13

25cent - 22 Apr'09 - 12:17 - 527 of 531 edit


Failed to hold the 50p yet again,the seller/s seem to have quite a lot to sell at this level judging by the way they keep replacing any orders bought from L2.

snowman10 - 24 Apr'09 - 19:17 - 528 of 531


i think the opposite and see a quick move above 60p soon as a new firm base has been formed.

------------------------------------------------------------------------------------------------------

David, Snowman seemed to be saying that he disagreed with the post that i said the seller had loads to sell at 50p?
Well the seller did continue to sell millions at 50p check out the trades over the last 2 weeks.
I have been seeing the seller put blocks of 100k orders up to 10 times per day for 2 weeks at 50p.

I don't see anything in my post saying that NEO will not get above that 50p figure?

That's the whole point David, i did not say it would not get above 50p, i just pointed out the goings on on level 2 and the fact that despite huge buys at 50p the seller was replacing the orders on level 2 at 50p instantly.


Without that seller this would be 60p by now i reckon.
Tomorrows results will set the tone for this share in the short term.

[davidlloyd] 29/4/2009 09:20

I think snowman sees this holding the 50 and breaking through imminently - (with just a little hint of hindsight!) Onwards and upwards.

:-)

[25cent] 24/4/2009 19:42

You think the opposite with regards to specifically what snowman?

[snowman10] 24/4/2009 19:17

i think the opposite and see a quick move above 60p soon as a new firm base has been formed.

snow

[25cent] 22/4/2009 12:17

Failed to hold the 50p yet again,the seller/s seem to have quite a lot to sell at this level judging by the way they keep replacing any orders bought from L2.

[monosodiumg3] 21/4/2009 23:07

Interesting to see a competitor acquiring pieces that provide different functional capabilities, as opposed to buying market share. Neo are (or were) on a similar course. This kind of vertical integration makes a lot of sense, both from the point of view of facilitating a broader feature set for the product and retaining the share of revenue that goes on fraud control, compliance and banking (IDTFSH...).

[guidfarr] 21/4/2009 13:53

augurs well for NEO:

DataCash confident as profits rise 35%
an ADVFN competitor
Pre-tax profits at payments service provider DataCash Group rose 35% to £14.6m on turnover up 37% at £28m.

Results for the year to the end of December also show that the group is debt free and had a cash balance of £16.6m compared with £17.9m the previous year.

The group has acquired ACK, aprovider of software to UK card holder present market, EasyDebit, a German payment service provider and The 3rd Man plc, a leading UK provider of fraud management to the retail industry which was completed in January 2009.

Chairman Ashley Head said: "We are pleased with the progress the group made in 2008 and look forward with confidence to 2009 and being able to capitalise on the investments we have made."

[guidfarr] 17/4/2009 22:02

nice volume today - it is very lovely to see the price holding even with this volume, also helps to clear out the traders who got in for a quick punt

but now we are trading at a new high (reached 52 today) and the shorter is in an unenviable position. I'm not ready to sell this cash cow even though i bought some of it at 36! looking forward to the appointment of new management which should give us another boost.

[guidfarr] 16/4/2009 13:44

someone seems keen to get some today - perhaps the shorter wanting to reduce hahaaaaa - he won't have my shares for cheap

[targatarga] 14/4/2009 12:05

chart showing promise!