Neo Energy Metals Share Discussion Threads

[restassured] 15/3/2009 20:56

Sorry to burst your sad little bubbles,but the underlying business looks robust.

13 March 2009
LONDON (SHARECAST) - Neovia Financial, formerly Neteller, expects full-year operating profits to be in line with expectations and said it is looking for a new chief executive after Ron Martin decided to step down.

The online payments firm said Martin will leave for family reasons but has agreed to remain with the company during a transition period.

Neovia said it has continued to make progress in the fourth quarter of 2008, with resilient trading in what it called "a challenging period in the marketplace."

Revenue for the fourth quarter is anticipated to be around $21.3m, an increase of 31% from last year.

[stewjames] 15/3/2009 19:10

Whether the trading update is "horrendous" is debatable. More importantly, if your only evidence of insider trading is the timing then you have no case at all. What are you going to do? Throw the book at every investor who calls it right?

[25cent] 15/3/2009 17:51

Its all happy days then, you must be overjoyed with that update?
The problem though is that the rest of the world apart from the few on this thread don't seem to agree though do they?
I am afraid they are all linked together Rest.

Deramper? like i have pointed out before its all a bit late for that?

Joking apart would you not consider posting that you are "HAPPY" with all the things you list above as Ramping by any chance?
What i mean is even the most optimistic person in the world would not consider that trading statement to be 100% good and dandy would they now? but you seem to be doing cart wheels whilst dancing down the hills to the birdie song about it?
Amazing!

[restassured] 15/3/2009 17:48

I am not worried about the business.I am not worried that they are using their cash.I am not worried about Ron Martin leaving.I am not worried about the derampers on here.
I am not worried because the underlying business is still growing at an enviable rate.
I am worried that they will be taken over around these levels by a dodgy Irishman.

[snowman10] 15/3/2009 17:17

I have the full stockbroker screen show all sets and MM infomation on Dax and FTSE.

Snow

[guidfarr] 15/3/2009 15:19

i never touched neteller when it was trading at $250 or above - i've started diving in at 51 and buying tranches at each drop below - you know what is madness - when the share price of Neteller was trading at a level valuing EACH AND EVERY client of the company to generate a revenue of $500 per client per year. That is madness. It is not madness to recognise outstanding investments at the right price and Neovia at the current levels is a good investment (in my opinion)

am i surprised it has continued falling from 51? Yes! But then the market can stay irrational for a long timeeeeeee

snow what system do you use if i may ask?

[welsheagle] 15/3/2009 15:05

25cent,
$8 eps on a PE ratio of 8 would give an share price of $64.
Can't follow the arithmetic.

[snowman10] 15/3/2009 13:55

25%

READ THIS AGAIN
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

note THE MAY BE not they WILL be !!!

THE ABOVE DOES NOT DEFLECT FROM THE UNDERLYING BUSINESS.

As for getting LEVEL 2 i have had a system better than your LEVEL 2 for years.

What about trades OFF MARKET?

As for suggesting that DD is driving the price down so he can bid lower, well i never !!

DO YOU KNOW THE RULES ABOUT BIDDING? i know the answer but will let you do the research yourself.

I am a board director and Chairman so whilst i can never say i know it all, i am fairly well up to speed.
If you want to sell your shares off market i will buy them and then you can give it a rest.

Very best
Snow

[snowman10] 15/3/2009 13:48

25% YOU SAID

Well if they don't publish the results in the next 3 weeks this will be suspended,and so far we have not even had the pre resulsts update????

WERE YOU RIGHT OR WRONG?

Snow

[guidfarr] 15/3/2009 11:45

'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.'

Read this 25cent - Fee income in just a quarter (unless i'm reading it incorrectly) was $19.8 million!!! Multiply that by 4 and you get $79.2 million!! If anything NEO has enough cash to endure the recession.

I do understand your frustration to some extent as I've had to endure the same thing for more than a year with RNK - same story big buyer piling up yet share price moves down - it is only recently that directors have started piling up shares which gives me added confidence that the worst is over for RNK. If anything this teaches us a lesson not to pile up heavy on a single share.

[25cent] 14/3/2009 18:00

Boogle the perceived 48p in cash per share was the only thing supporting the share price.
Now that they have revealed that they only have about 22p in free cash and not only that but that they expect to spend even that then NEO will then be valued on its profits alone from this point.
The recent seller was obviously aheaad of the curve on that, i wonder why?

So lets take next years consensus figures of 4 million pounds and a sector average p/e of 8 that gives you a share price of 32p? thats why i would not hold your breath for any rally.
That's precisely why no rally occurred on Friday and precisely why they have been dumped since January because they were overpriced at 60p on this new information.
That is kind of my whole point recently, that being someone was obviously made aware of this and started dumping millions each week.


I personally would have rather they have kept the 48p in cash per share and run the existing business that was making 3 million pounds per year.

Silly me eh?

[bogg1e] 14/3/2009 11:28

Also the update mentions that a very large amount of money is to be spent on reinvestment, well it isn't exactly lost, the amount (14 mill?) will be offset against tax. With a new product to widen the product portfolio of the company to boot. So all in all i think the market will react favourably. (Famous Last Words!)

[bogg1e] 14/3/2009 11:20

Id be interested to see what brokers, etc have to say about the figures. All the usual sources i use to see which companies are publishing results did not include NEO this week, which suggests that NEO did not warn the market in advance. Do they have the right to do that under AIM laws? I presume that they must have acted legally because look at what the threat of being perceived as dishonest does to a company's share price, and what happens to the person caught doing it. Nevertheless, the quiet manner in which the results were presented means that many possible investors/traders, especially those who watch the gaming sector in general, many not yet even know that results are out. We'll have to see how the market reacts next week as more people cotton on. On that point i am relieved that the dramatic slides prior to the results have not continued. Im pretty sure that we have hit the bottom, at least for now at 36p offer. The company, despite one off costs etc, are still performing well, when compared to the disasters that have hit other good quality companies this year, NEO look relatively well placed to stay at least secure enought to weather the storm, ie at the very least you wont lose money on current NEO share price (36p) if you can afford to hold a year or so. Happy Trading all.

[25cent] 14/3/2009 09:26

Great! jam tomorrow then ;-).

[bogg1e] 14/3/2009 03:12

25cent, good points.

"explain to me why 4 year old purchase by NEO should now be taking a 14 million hit on INTANGIBLE ASSETS,"

Many companies are seeing their accountants write in thier negative figures into this trading year, because the markets are expecting everyones figures to be down. This it least clears the books moving forward for supposed better results in the coming few years.

[guidfarr] 13/3/2009 21:34

my only response for that is that it could be our big holder making a covered call for his own self-interest but he has only until June to play the game with the new disclosure rules

[25cent] 13/3/2009 19:35

Deramping LOL, may i point out, unless you have not checked the share price out recently its a bit late for that?
Give me an example of my deramping then?
Regarding your "mission" claim - truly amazing!

Guildfarr I repeat below my question to you that you did not answer earlier.

OK guildfarr you think its linked to a shorter so let me put this another way,
Do you think that the shorter's timing in shorting 13% of NEO in the last 6 weeks is linked to the contents of that update or do think he just shorted 13% in the last 6 weeks on a hunch???????*