Neo Energy Metals Share Discussion Threads

[25cent] 05/3/2009 10:45

If it hits my hits my stop loss it will go, like i said i don't think i am a messiah with shares so i am 100% open to the possibility that i may be completely wrong on my suspicions with the company.

[badtime] 05/3/2009 09:49

25..more thn happy to stick to neo...

Tell me..(genuine question) ..if u hav so many doubts..why not sell? ..I admit I did at 46p..took a small loss..not to say I wudnt buy back in..when the waters are so muddy.

[25cent] 04/3/2009 23:37

Well it depends by what you call "rant and rave" one deluded man's "rant and rave" is another open minded man's revelation or warning.
So take you pick, which side of the fence you stand.

I say it how i see it, i don't have any mental addiction to the shares i hold, i have the capability and strength to allow me to accept that i have made a mistake, called it wrong or balls'd up if you like.
I don't have an ego thing with shares, i dont think that i am Warren Buffet so i can see things open-mindedly.
I dont just bury my head in the sand and hope that it will all turn out alright!

That i think is a strength in this game where all to often people refuse to accept they called it wrong and hold on till it actually does them major financial harm.

You just stick to talking about Neo Badtime and we will get on just fine.

For what its worth with a toothless regulator and all,If any RNS is issued setting out any unexpected badness in the next few weeks i will be contacting the FSA and making a formal complaint under rule 11 of Aim regarding "disclosure of price sensitive information" and then this seller/sellers can explain to the FSA why they have been dumping NEO in such a hurry.

Neo's financial Year ended the 30th December 2008 under Aim rules it has 3 months to issue results after this period, so if i am correct they have until 30th of this month to issue the results or this share will be suspended.
They have not even issued a trading update prior to the results as of yet.
Last year the actual results were issued on the 11th March after a trading statement dated 11 Jan.

[badtime] 04/3/2009 21:16

Anyone else hav to pay extra charges on ther purchases for this stock?

TIA

[badtime] 04/3/2009 21:13

25C why do u feel the need to rant and rave?
Some of yur posts r actually quite useful

[25cent] 04/3/2009 19:40

Thats kind of it in a nut shell Adho.
I 100% agree.

[adh0] 04/3/2009 19:03

I agree with 25cent to a large extent i think, it is suspicious and i am not buying more because of that.

If in any situation you "think" that you are about to make a lot of money very easily ask yourself: Who is losing out from the deal?, and why are they letting that happen?

If you dont know the answers then in all probability you have misread the situation and it is you that will be the loser!

[25cent] 04/3/2009 18:37

Well holding up well would certainly not be the word i would use to describe a 28% fall since January on a share that has allegedly circa 50p in cash and a business supposedly making 3 million per year with a shareholder purporting to be going to take it out anytime soon.

Like i say we will both have to agree to disagree on the reasons for the falls, and complete lack of buying interest in this very same time period that i talk about.

BTW any idea's why the trading update is a month late?
Hopefully a trading update will be released soon and i will be proved to be unduly paranoid.

[monosodiumg3] 04/3/2009 18:27

Interesting. NEO does indeed underperform the AXX if one takes a starting point in Nov/Dec 08. y about 8pp.

"tanking" is stretching it.

I do see what you mean. There have been larger volumes going through since the last week of Feb.

Dermot raising cash for his AIB purchases? Seems to be calming down a bit. Given the indeed very larger volumes going through in the recent 2-3 weeks, clearly driven by sellers, it seems the price is holding up quite well. Or maybe I took a couple of Prozac too many this morning.

[25cent] 04/3/2009 17:43

1, It was you not me that mentioned the ftse100 in your post above number 283.
2, I am using the period in which NEO has collapsed and the period that i am specifically talking about>
It would be somewhat bizarre if i talked about my concerns about a companies share price movements since the start of the year and then use a 3 year chart to illustrate my point would it not???
It would have zero relevance as it would not cover the specific timeframe that has caused me to be concerned by the pattern in this share.

I think we will have to agree to disagree, you don't think anything is wrong with this tanking and huge sells every week since the start of the year and i think its very concerning, so we have a different opinion simple as that.



Anyway Neo has underperformed the ftse aim all share index as well over this same period.
Again i only use this period due to that being the timeframe that has seen me document my concerns about Neo on this thread.

[monosodiumg3] 04/3/2009 16:49

1) You are comparing to FTSE100. Try comparing to AIM100 or AIM all share.

2) your chart shows NEO underperforming the FTSE by less than 5pp since dec 08. Not too bad. In that interval they have crossed several times and the current gap seems quite unnexceptional in relation to the gap (up and down) over the selected period. You pick a poor period to make your point.

[25cent] 04/3/2009 16:18

Well according to my chart Neo has underperformed the ftse since January.
I think your missing my point with regards PRTY.
The minute details of "if its" in the same sector as NEO was never really important in what i was saying.
What i was illustrating is that not every share has fallen since January in response to Badmans post explaining that's why he thought Neo was down.

Yet again today the continued fall against a massive rise in the general market reinforces really my whole point that i originally made, that being that i don't think the market generally is responsible for Neo's continued weakness.

Rather worryingly the seller or sellers seem to want out fast and are quite happy to sell at the new low each day.
I have only ever seen this pattern in shares that are due bad news and someone has got the heads-up, combine this with the delayed update and the complete lack of any buying at this level and i smell a rat.

I reiterate i sincerely hope i am wrong on this.

[monosodiumg3] 04/3/2009 14:41

25c,

Can't believe Neo can disappear that fast. They're not that easy to extricate. Could be that one of the big gaming clients might switch to another provider. From what I can see, they are making some very good moves that will make them relatively recession proof, in fact it looks to me like they have majorly improved both their product palette and the channels for delivering those products.

BTW, I have been comparing Neo to the FTSE100. Neo significantly outperforms relative to the AIM.

Neo's revenue is from gaming in the sense that Mastercard's revenue is from the sales of wooly jumpers. I do understand that most of Neo's revenue is from gaming companies but I see no reason why PRTY's rise should immediately be reflected in a rise for NEO.

I see NEO as a good hand to hold. That doesn't mean I expect to win this week, next week or next month. I'll hold until the outstanding DOJ issue is resolved and we know more of Desmond's aims.

[25cent] 04/3/2009 11:05

Monosodium, your correct that neo is mainly non gaming related although it does still have a significant part of its turnover via that source and so remains reverent to that sector, all beit granted on a massively reduce scale to what it once was.

The point that i was making was that not all shares have fallen since January due to the market turmoil,and PRTY has not fallen and i could use many more examples to reinforce the same fact!

Badman was of the opinion that Neo is just falling due to the rest of the market , i don't share this opinion.

It may have not escaped some peopels notice that when the market does rally and retake some of the falls NEO does not rally will them.
So surely if this share had been thrown out with the bath water it would follow the market back up on any rally?

With regards the proposed new gaming act in the states proposed via the senator, that just reinforces what i was saying 5 posts ago about this spineless belligerent board of cowards.
I wonder if the DOJ will runaway and cry and beg like little girls and hand over $136 back to us whilst bending over if the gaming act is passed.
Somehow i really don't think so do you?

Like i say i really hope that i am wrong on this , but in all my time i have got to say imho all the warning signs are now flashing with neo.

[monosodiumg3] 04/3/2009 08:36

@25cents: PRTY are a gaming company. NEO do no gaming at all. In what way are they in the same market?

NEO does payment processing: processing credit card payments for websites, running prepaid programmes and providing customer account handling services for gaming companies. The last item in that list was their primary business but they are rapidly diversifying away from that.

PRTY rose on news that a bill to allow US customers to play on non-US gaming sites is to be proposed by a US senator. NEO would benefit that too but not nearly to the same extent.

NEO are better compared to Datacash, though NEO have a broader services pallette.

[whatgoesupcomesdown] 04/3/2009 00:17

goodbye badtime

[badtime] 03/3/2009 23:12

generally speaking!!!!!!!..geez i did say take ya pik...any othr ideas always welcomed!

[25cent] 03/3/2009 23:06

Well PRTY is not thrown out with the dirty neo bathwater is it?
Indeed in the same or related sector its up abot 30% since January against Neo falling about the same amount in the same timeframe?????
And as far as i can tell it does not have 120% of its market cap in cash either?????

[badtime] 03/3/2009 23:00

Did anyone pay a surcharge on purchases..ive jus been walloped with something called ''euroclear charges'' re my neo buy

tia

[25cent] 03/3/2009 22:57

adh0
Who indeed, that's the whole point that i am making.
Who would want to dump millions at sub 40p every single week?
Why are the company over 1 month behind with a pre-close update?
Why is the share price in terminal freefall?
Why is this company an apparent imminent takeover target with 50p in cash assets and an allegedly 3million per year profitable company underperforming the sector the index and running ageist any kind of normal common sense.
When i ask myself all those questions i can only come up with one answer i am afraid.
I really do hope i am wrong but i smell something is very wrong with this company.

[adh0] 03/3/2009 09:36

The price is a bit silly now, they have almost this in cash (well they did), surely if they make a loss they would have had to announce a profits warning?

And they have been making aquisitions rather than hording the $s so you would assume they have free cash to spend. The newsflow is positive with them winning awards etc etc. So i really dont know.

I can see how with the general market rout nobody is too keen to buy but the current holders must already know about the company and its prospects so who exactly would sell?