Neo Energy Metals Share Discussion Threads

[snowman10] 13/3/2009 09:36

31-Dec-08 46.24 8.12 5.41p 6.7 n/a n/a 1.01p 2.7%

so we are within 10% of the above.

EPS 5.41P.

Happy to keep buying.

snow

[snowman10] 13/3/2009 09:33

Made a phone call and got the result.

Now just what were the forecasts?

[dan1man] 13/3/2009 09:25

Yes, I was expecting some bombshell given whats happened to the share price Seems to me everything is ticking along just fine. I'm very comfortable holding.

[philjeans] 13/3/2009 08:15

No bad news - just making more profits year on year; no debt; massive cash backing - some to be used for R&d and working cap; very interesting strategic stake recently taken by Irish billionaire; niche market AND seemingly unaffected by deep and painful worldwide recession.

Just a normal day then


NOT.

[adh0] 13/3/2009 07:32

Seems OK to me, ticking over making profits on an operating level, actually growing the profits, although there will be one off costs due to past restructuring and the future aquisitions.

The cash is not as high as i thought it would be, i thought there was more "free cash" than there is, a lot seems to be tied up. I expect this will impact any dividends negatively. BUT its not as if they are going to need a rights issue any time soon!

It does look with the CEO stepping down like Desmond may be lining up to get it, but at what price?

(I could be 100% wrong with all that, i will be buying more if i can get them under 40p when the market opens though)

[restassured] 13/3/2009 07:27

Sounds like they are paving the way for Desmond to take it over.

[whatgoesupcomesdown] 13/3/2009 07:11

NEOVIA Financial Plc


NEOVIA Financial 2008 Forth Quarter Trading Update




Friday, 13 March 2009 - NEOVIA Financial Plc (LSE: NEO) (NEOVIA or the Group),
the independent global online payments business, announces its trading update
for the fourth quarter and year ended 31 December 2008.


The Group has continued to make progress in the fourth quarter of 2008, with
trading proving resilient in what has been a challenging period in the
marketplace. Revenue for the fourth quarter is anticipated to be around US$ 21.3
million (all figures herein subject to final audit), an increase of 31% from Q4
2007 revenue of US$ 16.2 million, and compared to US$ 19.1 million for the third
quarter of 2008. Fee income, which excludes interest, increased by 43% over Q4
2007 to $19.8 million. Interest income, as expected, decreased from $2.4 million
in Q4 07 to $1.5 million in Q4 08, a drop of 38%. Despite the current economic
downturn, the Group recorded a slight increase in active e-wallet users in the
fourth quarter, up to 97,673 from 97,448 in the previous quarter. The Group has
commenced a number of programmes aimed at stimulating further active e-wallet
user growth in 2009 and has made encouraging gains in diversification into new
market sectors.


The Board expects that the Group will report operating profit, before any
impairment losses or restructuring costs, for the full year 2008 in line with
market expectations. Results for the full year will be impacted by a number of
non-recurring items, including approximately US$ 1.1 million in restructuring
expenses pertaining to the cessation of the North American-facing business,
which cessation occurred in Q1 2007, and a non-cash expense relating to
impairment of the goodwill and intangible assets arising on the acquisition of
Netbanx Limited in 2005. Goodwill and intangible assets amounting to US$ 14.5
million may be subject to part or full impairment. The Group also recorded tax
recoveries of US$ 2.1 million in Q4 2008 in relation to favourable assessments
of prior periods.


During the second half of 2008, NEOVIA implemented several initiatives to
enhance its position in the online payments space, including the launch of the
Net+ prepaid MasterCard products, the enhanced NEOVIA payment network, and the
roll out of further currencies, countries and payment options for e-wallet users
and merchant customers. NEOVIA has also continued to invest in its business, in
line with its strategic objectives, with further progress achieved on the
"NewTeller" platform development project, which is currently scheduled for
deployment in Q3 2009. The future benefits of "NewTeller" will include cost
savings and greater operating efficiencies within the Group.The Group continues
to focus on further reduction of its cost base through additional restructuring
and geographical optimization of cost centres.


As at 31 December 2008, total Group cash was approximately US$ 82.3 million,
which includes restricted cash surpluses and the excess of EU customers'
qualifying liquid assets over balances payable. The working capital position of
the Group, defined as current assets less current liabilities, is approximately
US$ 68 million. Required cash inventory comprising amounts held at processors,
operating account balances to cover payouts and the buffer on trust accounts is
approximately US$ 30.0 million, resulting in available "free cash" of about US$
38.0 million. A substantial portion of this available cash is earmarked for
capital expenditures in 2009 (including the completion of the "NewTeller"
platform) and for the IDT acquisition referred to below.


The proposed acquisition of IDT Financial Services Holdings Limited, which was
announced on 1 December 2008, remains subject to obtaining the consent of the
Gibraltar Financial Services Commission and a further update will be made in due
course.


Following four intense years in executive roles with the Company, Ron Martin,
President & CEO of NEOVIA, will leave the Company for family reasons. Mr Martin
has agreed to remain with the Company during a transition period to facilitate
the orderly engagement of a replacement CEO. A recruitment process is being
commenced. The Board expresses its gratitude to Mr Martin for his effective
leadership during a challenging time for the Company and appreciates his
continuing support during the transition interval. The Company will advise
shareholders the exact date of his departure in due course.


NEOVIA expects to release its preliminary announcement of the 2008 audited full
year results on or around April 23, 2009.

[aspex] 13/3/2009 07:11

Very low key trading update.
Any surprises? Maybe expansion is being hit by general market factors.

[snowman10] 12/3/2009 18:42

You make some good points but lets look at facts.

1) We do not know that it will be the last day of march, rather i was told the end of the month. Anything after the 15th is the end of the month.
2) If the seller is the same one then they must declare a reduced stake if they held above 3%

I will get on the case tomorrow and see what i can find out. I think its just market forces based upon lack of news and poor coverage in so far no-one can see were this is heading.

best
Snow

[25cent] 12/3/2009 10:59

Snow, no i absolutely don't think its a forced seller , i think its some one that decided to dump millions and millions of neo shares in a hurry at any price since January.
Also for some reason no one is buying any of this so called safe 48p cash per share even at 35p, strange that dont you think?

Funnily enough the seller seems to have started dumping the exact date the pre close trading update should have been released that has never turned up?
Bizarrely enough some could think that the company did not release this statement in order for this seller to get out.
Then add into the mix that the results are now late and apparently going to leave then untill the last day they have to do so before they will be suspended???.
Does that not ring the alarm bells??

If any one is still not worried try ringing NEO up, i can not even get anyone at the company to pick up a phone.
The investor enquiries number is 01624 698713, i have been ringing this number for over 2 weeks with not one returned call from Andrew Gilchrist.

This stinks more and more by the day, this will be suspended if no results appear by 31st March.
I am wondering just where all the millions of $ are supposedly held, and if the news/selling is related to this.

One things for sure if the results really are being held back until the end of March then that give this seller another 17 days of heavy selling,so if it follows the trend it will be about 20p by that time.

Can anyone else offer any reason why the company have not issued a pre-close trading update and then leave the results until the very last day possible under aim rules after always previously releasing them on March 11th and releasing a January trading update?????.

[snowman10] 11/3/2009 17:41

25.%

As i said it could be a forced seller. Are you suggesting that the seller knows the results?

Can the market be wrong? Yes take a look at PACE )PIC) AND SEE how much it jumped on the results. 25% and then 15% its still undervalued.

NEO is trading UNDER its cash value.

Best
Snow

[25cent] 11/3/2009 16:13

Well boggle hope you get your 20% but the seller dont seem to be the slighest bit concerned about the results does he?
I wonder why?
Yet another new low today as the seller continues dumping at any price.

[bogg1e] 11/3/2009 13:50

Just bought in another 5k gbp, 13k shares at 37p. Good luck all.

[bogg1e] 11/3/2009 13:29

guidarr old bean: Thanks for #320 above! I have been trying to find interims/results dates with limted success and i thought it must be soon, so good to know its likely to be tomorrow. Hope it follows prty! I dont see why NEOs results should be less than positive, based on thier core business model at least; they process money and take a cut for doing so, thats it. Gambling revenue is steadily increasing going by prty's results today and so will 888's at end of the month, of that i am sure. Given Neo's widespread usage for online transactions within gambling community and beyond, given its international reach (and excellent balance sheet) i would have to say at the very least that this fall is way overdone. I expect a decent rise soon, ie i think it is to a degree, recession proof. Im in 10k gbp on two positions at 40p and 39.75p, and i expect to make 20%+ within a reasonable timeframe. Good luck.

[guidfarr] 11/3/2009 11:58

whoever is shorting it has until Jun 01 to play his cards before the new disclosure rules come into effect..

New Contracts for Difference disclosure regime to take effect in June

4 March, 2009

Following extensive consultation and to help improve transparency in current market conditions, the new disclosure regime for Contracts for Difference (CfDs) will now take effect from 1 June 2009. The new rules would have applied originally from September 2009.

Details of the new regime are set out in a Policy Statement on CfDs published by the Financial Services Authority (FSA).

The new rules cover financial instruments in the same company, which give a legal right to acquire shares or have a similar economic effect to shares. Shares and such financial instruments will have to be aggregated and disclosed once over the 3% threshold. This will ensure that they are not used covertly to influence corporate governance and/or build up stakes in companies. An exemption has also been put in place for CfD writers acting in a client-serving capacity, to prevent unnecessary disclosures to the market.

Alexander Justham, FSA director of markets, said: "This is a very significant step in improving market transparency and we have brought the implementation date forward to reflect that. The new rules will resolve some of the concerns raised about the risks of market players devising ways to avoid disclosure or over-disclosing."

[25cent] 10/3/2009 17:26

A quite unbleievable performance by NEO again in the face of huge market rally, now just 35p on the bid.

[snowman10] 10/3/2009 14:54

31-Dec-08 46.24 8.12 5.41p 6.7 n/a n/a 1.01p 2.7%
31-Dec-10 74.18 12.66 9.55p 3.8 0.0 +113% n/a 0.0%

Thats some growth we are looking at.

snow

[targatarga] 10/3/2009 14:07

Des wont be happy with the 85p target price.... If Des intends to announce agreed bid with results he may have to dig a little deeper into his piggy bank. Won't be long before the derampers appear....

[25cent] 10/3/2009 13:48

Well lets be honest snow the glass is not half empty buts its smashed on the floor in pieces, and for heavens sake for what it matters, the end of March is not around or just after the 15th funnily enough that's called the middle of the month.

[snowman10] 10/3/2009 13:26

25.

Is the glass half full or half empty.

The end of march does not mean the 30th.

It means after the 15th !!
Snow

[25cent] 10/3/2009 12:57

End of March? it has always been March 11th?
Well if the results are going to be left 1 day before suspension after not giving a trading update that says it all really.
No wonder this is imploading everday, no wonder the seller wants out.

Today yet again level 2 looks sick and i think a new low will yet again be found.
Bang out of the window goes the "following the market" reason as yet again NEO fails to bounce with the rest of the market.
Bang goes the "they are treating it like a bank share" theory as all the banks bounce and NEO still falls.
That just leaves the bad news to come with insider seller dumping everyday theory left then?

[snowman10] 10/3/2009 11:38

My sources tell me end of march for numbers..but as of yet no fixed date.

Broker note says buy yesterday target 85p short term.

Snow

[targatarga] 10/3/2009 11:35

very tight!

[snowman10] 10/3/2009 11:32

SIT TIGHT.

Thats my view.

Snow