Neo Energy Metals Share Discussion Threads

[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]

[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