Neo Energy Metals Share Discussion Threads

[snowman10] 01/5/2009 09:12

Too compicated for me that.

will post my e mail at 12.00 and remove it at 12.05 uk time.

then you can e mail me.

21c
thanks for that. i was in a board meeting so missed it yesterday.
I agree that it has been a poor year, but thats why i buy. I am out as soon as the hope becomes factual.

best
snow

[guidfarr] 30/4/2009 23:44

snowman10 - you have msn? we could exchange thoughts off the board..

[25cent] 30/4/2009 19:11

Hi snow,
The results and the trading update are obviously underwhelming to say the least positively worrying to be more truthful.

At the conference today it was strongly hinted that
a/ They are about to buy someone out
b/ profits for the remainder of the year will fall
c/ They see more drop off in the European poker related income
d/ the newteller platform will cost 20 million $ and come on line in the 3rd quarter.They see no growth until then.
e/,Desmond vetoed the IDT purchase he did not understand the logic in tying up 15 million on a loss making business.
f/,They admitted that the two previous buys at circa 20 million have all been written off as lemons, but are hopeful for a turnaround with the far east one.
g/,They remained cash generative in Q1 but the total cash pile fell due to the rump of that gonging into the newteller platform.

Snow believe me the meeting was not upbeat at all, hence the sell off starting at the same time as the conference started.

The only positive that i can see is that like i said some weeks ago DD is now firmly in control of the purse strings and will not let this bunch of looser squander his and at the same time our cash on pathetic waste of money bolts on that simple do not bolt on.

I still see DD taking this out later this year and that's why he has stopped the divi from being paid.

But with results and future prospects laid out today i fully expect that this will touch new lows before that day.

The selling today was vicious and totally unrelenting, i expect to see that continue and the reason the shorter did not close his postion is cystal clear now.

I stick to my insider dealing claim and those results along with the completely unexplained delay in releasing the full year results, back this claim up.

Meanwhile whist NEO claim poker income is falling in Europe Party poker move up some more today and extend their recent run to over 100% in the last few weeks, the hardship must be bypassing them somehow?

This company as it stand today is in trouble, without the $75 milion, this would be trading in the single pence region.

to sum up
Neo is being run in a cozy American ex pats club fashion, with totally unacceptable KPI targets that even then never even got met.
The management is rank the board carefree with bonus payments to themselves at the same time as telling shareholders that they have to preserve cash.

it stink its a pile of poo and is totally not hungry for business like its competitors due to the clueless board just passing the days on waiting for the next bonus cheque to hit their US accounts.

They try and buy cashflow and turnover with ill thought out £20 million takeovers that get written off of the books a year or so later like can be seen in todays results.
It (NEO)hides in the isle of man to avoid paying the tax it should rightfully pay and that scrounger parasite outlook is mirrored on the board.


I just hope your info is better than that you had regarding the results and the idt purchase snow.

[snowman10] 30/4/2009 18:56

Hey 25 i am here and posted early this morning were you sleeping.

Bought a further 200k shares today at 45p.Unwound my long position at 51p this morning for a nice few quid as well.I thought the market may hammer these today as they were not pretty reading. However thats part of the game, i mean blame game eh!!

A loss is a loss but then again it was not a trading loss. Excp items were always going to be taken this time, and the whole thing cleaned up.
Stay chilled if you are still in this will come good.........if only i could/dare post what i know!

Been to the FSA once at that posh pile in canary warf aint going again.

As ever do your own.

Snow

[25cent] 30/4/2009 16:11

Yep and they are now looking at takeover targets to spend the $75 million cash reserve on.

What i don't understand is with all the millions of $ so called investment in the business last year , well was it quite frankly worth it?
All it has done is bring a complete decrease of all the KPI across the group?

Funny how its competitors in the payment market are showing healthy year on year gains and NEO claims its a tough environment.

Complete codswallop, i agree its a dog! a tax evading gravy train retirement home for bad American management.

[dan1man] 30/4/2009 16:04

For me this is quite simple.

I held on to this dog for ages because, despite the setback with the US debacle, I always thought there was cause for optimism with their stong growth and expanding portfolio of products.

This latest update completely removes all hopes for optimism for the forseeable future. Not only has the growth stalled, they've admitted they're coming under increased pressure from competitors.

I see no reason to hold any more. I just wish I'd had the balls to sell out earlier and buy banking shares when the going was good there.

[kerpen01] 30/4/2009 14:04

Jeez, no wonder i'm broke!

[onionbhaji] 30/4/2009 13:20

It always amazes me how people want to shoot the messengers as so to speak.
How on earth the foul mouth outbursts aimed at the person that basically warned of poor figures is justified is astonishing to say the least.

I sometimes think that these boards should be left to the hooligans like Mr Restassured, actually discussing the company is futile to the likes of him.

[targatarga] 30/4/2009 12:53

always pays to see both sides of the coin...Des must also feel conned!

[restassured] 30/4/2009 12:52

You are just a pathetic little time waster.Stop spreading your cancerous nonsense.

If you hate this co F off and go play with yourself in surburbia or whichever little rock you have crawled from under.

[25cent] 30/4/2009 12:50

We have seen by your posts your depth of knoladge on neo Restassued.
With regards my posts and the shareprice,I am sorry if the truth hurts but so be it!

[restassured] 30/4/2009 12:47

Who give a t$ss about your every 5 min update about the share price?

If you want out sell and p%ss off leave the rest of us in peace.

[guidfarr] 30/4/2009 12:16

how can they be all sells if they are on the bid? right now there is someone willing to purchase 390,000 for 45p - seems to be like two counter-parties with an understanding

[25cent] 30/4/2009 12:00

I am watching L2 they are all sells.
This looks dire the seller is taking any price.

[guidfarr] 30/4/2009 11:56

all those big buys seems its like the shorter covering

[25cent] 30/4/2009 11:37

This is getting slaughtered
Anyone seen snow around?

[25cent] 30/4/2009 10:57

No wonder the shorter was not in a rush to close out when he obviously was aware of the poor trading at NEO.
Are there any AIM shares that are not bent?

[danwaits] 30/4/2009 10:50

Cheers, 25cent, looking at the trades I'm indiclined to think that there are a few pre-set large buy orders @50p and now @49p so a total collapse may now be on the cards for a while yet.

[25cent] 30/4/2009 10:33

Thanks dan, i would have been out at 52 if TDWATERHOUSE had not gone down.
Now it looks like a full scale collapse is on the cards today.

50p could not hold and the seller/shorter is back big time.


More worryingly the drop started today at about 9.30am, the exact same time as the company held the invited UK-based analysts meeting this morning!

[donaceace] 30/4/2009 10:32

what goes down WILL whoooosh up :)

[danwaits] 30/4/2009 10:32

Well, I'm out for a small profit and after tomorrow I hope to be out of the markets entirely. Whilst I'm certain that DD will make his move here at some stage, I've had a good run lately and fear the markets will have some significant drops over the coming months. Good luck to all.

[guidfarr] 30/4/2009 10:30

I still wonder if the shorter is the same Dermot Desmond? What stops him from taking a stake in the company and then lending the money to another institution controlled by him to short it? [i.e. a covered call]