Neo Energy Metals Share Discussion Threads

[philjeans] 11/12/2008 09:38

Some interesting trades today - not sure they are as shown on ADVFN though; any thoughts?

I suspect someone is hoovering up any loose stock for Mr D.

[yogi13] 10/12/2008 14:06

Thanks to WhatGoesUpComesDown and theo13 for response. I'm still doing it via IE - but at least I can post. Not a lot to say now though.

On-On /Yogi

[theo13] 10/12/2008 13:27

yogi13 I use firefox and post reply button shows fine, though I get problems with pages 'hanging' and then connection failing instead!

[restassured] 10/12/2008 12:55

The internet is almost the only sector that is still growing.
Companies facilitating payments will prosper.

Now where is that Irish billionaire?

[philjeans] 10/12/2008 09:58

and with a nice clean balance sheet containing £55M cash, you can see the attraction for a bid!

[philjeans] 10/12/2008 09:56

NEO Forecasts
Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 41.73 6.38 4.17p 12.2 n/a n/a 0.73p 1.4%
31-Dec-09 45.85 7.41 4.74p 10.8 0.8 +14% 1.23p 2.3%

[philjeans] 10/12/2008 09:55

NETeller holds up in downturn
Date: Friday 31 Oct 2008

LONDON (ShareCast) - People are still buying things over the internet despite tough economic conditions judging by online payment group NETeller's third quarter trading update.

Revenue for the third quarter 2008 grew 12% to $19.1m from $17m over the same period a year ago.

However, while revenue from the company's 'e-wallet' business rose 27% to $13m, Europe-wide payments business NETBANX Europe's revenues were below expectations due to the economic downturn.

"Despite the disappointing performance of NETBANX Europe in the second half of 2008, the Board remains confident about prospects for the business for the full year and beyond," NETeller said.

"The current market environment is producing some interesting investment opportunities and, as a result, the group is investigating a number of strategic investments at present."

[whatgoesupcomesdown] 09/12/2008 23:26

Yogi13 Using firefox now, and all fine ....

[yogi13] 09/12/2008 20:27

Hi All,

I haven't been able to post here for some time because my access was through Firefox and for some reason it didn't display the Post Reply button. In spite of a lot of checking, I couldn't resolve the problem, so I finally resorted to trying with Internet Explorer. Has anybody else had this trouble? ADVFN Support think it is my firewall, but I couldn't find anything there.

I'm a bit worried about this potential takeover - it seems more like a rip-off to me, if it happens. I stand to lose several £k if it goes ahead.

Also, my portfolio is on Moneyextra, and it hasn't shown any updates since the name change. I've emailed them to see if they are doing anything about it.

Good luck to all...
On-On /Yogi

[kooba] 09/12/2008 16:51

bit of a mention in relation to us action against

[restassured] 09/12/2008 16:49

Sounds like his company Betdaq might find it useful.

unfortunately because of the opaqueness of the Aim market alot of games are played to manipulate the price.

Two brokers have a Buy on it with 108p being a target from one of them

[powwow] 09/12/2008 16:40

When NLR were at their bubble peak worth 1 billion, Desmond so I understand it was looking at NLR then and possibly buying them, then they got suspended. So at the current market cap they are cheap. They'll most probably either sell to him or he'll approach them for business to use them on his other businesses, thus will get a decent return back as he's a major shareholder..

[25cent] 09/12/2008 16:36

Well thats another large market up day totally ignored yet again.
If only it ignored the down days, i must admit i dont understand this at all.
Something is not right on this.

[philjeans] 09/12/2008 16:09

A profitable, recession averse, highly cash-rich, international business now has a major shareholder who is likely to bid, or sell to a bidder, for substantially more than he paid, or the current s/p.

That's what I make of it.

And that's why I hold and will add.

[restassured] 09/12/2008 15:42

I got nothing but what I would imagine is the standard line back fom the LSE.
Basically they would look into the matter if anything was out of the ordinary,but they would not comment on individual cases etc etc.

Looks like the AIM market is the wild west with many same incidents happening with merely a slap on the wrist.
In other words people breach the rules because they know they can get away with it.

Anyway an Irish billionaire known for flipping deals now owns 26.5 % of the co.

Make what you will of it.

I have added to my holdings.

[philjeans] 09/12/2008 10:15

The first significant buy of the day - a nice 30k at full price.

One of us?

[dan1man] 09/12/2008 10:01

Well said 25cent, that pretty much sums up my feelings.

I have actually been disappointed by the director buys, as their holdings have remained very small. The options announcement perhaps explains why they're in no hurry though.

Now, lets just hope we have some buy-out speculation to drive the share price up to some kind of sensible level....

[kooba] 09/12/2008 09:44

i understand the bulk of the holding is years old.
the regulators are introducing new disclosure requirements to cover cfd/sb for next year...but this does make a mockery of disclosure as although desmond did not have control of the physical stock he was fiscally responsible for a big lump of the shares which is important information to other shareholders.

[questar2000] 09/12/2008 09:37

Please do restassured - It seems amazing that such a large stake can be amassed with so little noise. Having said that I presume he must have bought the cfds at higher prices than the current share price as we are sitting only marginally off the historic low so like most us he will still be nursing a loss on his NEO position.
Questar

[restassured] 09/12/2008 08:54

I have put a call into the London Stock exchange which is responsible for AIM co's.
I will report back once I have found out the details.

It seems ludicrous that someone can build a near 26% stake by stealth in an age where greater transparency is needed.

At the very least we deserve clarification as to the intentions of Mr .Desmond's hedge fund.

[kooba] 09/12/2008 08:39

the cfd/sb provider would have held the stock against his synthetic position so he would have just purchased the holding from them, such as the man financial disclosed holding, so we should be getting some announcements of no longer has a notifiable intererst statements shortly.we may be able to make more sense of it then, still can't work out how he has amassed the lump he has from the holders list...and can't think the spirit of disclosure requirement is being meet as a 26.5% holding has been announced by one potentially hostile party from nowhere.

[philjeans] 09/12/2008 08:05

I imagine he acquired most of his stake from distressed fund managers, anxious to find cash for redemptions.

No doubt at all that he wishes to control the business - he'll be increasing to 29.9% tout suite

[restassured] 09/12/2008 07:29

Presumably someone had to sell him the physical stock?

Yet no one is listed as owning a block anywhere near that size.

[kooba] 09/12/2008 07:11

from the ft.
Neovia trading gets physical
By Neil Hume and Bryce Elder

Published: December 9 2008 02:00 | Last updated: December 9 2008 02:00

Neovia Financial , formerly known as Neteller, was one of the most heavily traded small cap stocks as an Irish financier emerged with a significant holding in the internet payments specialist.

After two lines of stock totalling just over 30m shares were traded, Neovia revealed Primatur, an investment vehicle controlled by Dermot Desmond, had taken control of a 26.5 per cent stake.

Traders said that Mr Desmond's interest in Neovia could be traced back several years and all he had done yesterday was swap a derivatives position for physical stock. Neovia closed 5.2 per cent lower at 51p.