Neteller Share Discussion Threads

[peteark] 27/7/2007 10:19

It will hit £1.20- £1.40 very quickly, then it will need news

Mart, one thing I was considering yesterday, I wonder if they have been working on diversification and growth plans over the past 6 months. If they have we should start to see news releases over the next few months.

[25cent] 27/7/2007 10:10

Well at least this has a heart beat Par, unlike our other stock, hopefully this will continue north to a squid before to long.

[par12] 27/7/2007 09:37

Think about fishing !! One sharp tug to catch a fish; lots of little up and down movements to attract the fish;

Cut the line to let the fish go !!

[quinan] 27/7/2007 09:30

Well I managed to grab a little more.

[par12] 27/7/2007 09:08

This has been well brought by Small PI's; If the MM's want shares all they need to do is drop the price;

Sick but true

[quinan] 27/7/2007 09:03

Morning delay agree but I can't buy online at the mo typical, trying to add a little more

[dealy] 27/7/2007 08:59

This is a buying opportunity today. Before the big market sell came yesterday people were happily paying 82p for these. Forget the 50p opening price. That was just mm's trying to rob people. At 70p the market cap is £85m and they have net cash of £38m and will sit on another £40m for 2 years before they have to hand it over to the yanks. They can earn £3m in interest on that during the period.

Paypal is worth billions. E-commerce is booming. These guys are organised and well established.

Fair value at least 120p.

[dealy] 27/7/2007 06:31

Which Irish? O'Malley from Grey's Anatomy?

[monty panesar] 26/7/2007 20:54

I have been doing some research into this stock and I agree with the above posts of £1 in relatively short order. I imagine the Irish will be buying more down here.

[petersmith6] 26/7/2007 20:05

i see the £1.20 target in 3 to 4 weeks,i too epect the MM's to shale things up to flush out the weak.what we need is further updates.if i can top up at 50 to 60 i wouldnt complaine to much,but think it would unlikley.over all im in for the long(6 to 18months)so lets enjoy the ride

[atomic dog] 26/7/2007 19:36

petersmith - I agree about the target, I am expecting a run up to £1.20 as well. However watch out there could be a correction downwards tomorrow, it looks like more stock has been bought than sold today so MMs may try to destroy sentiment by marking it down so they can balance their books before the weekend. Also the main market has taken such a hit today there will probably be a follow on tomorrow (Dow is down 385 as I write!). This is panic mode. The time to buy could well be last thing tomorrow just before closure. If you're brave enough! There may well be blood all over the floor. Personally I am just going to hang on. The open at around 50p was a very necessary step by MMs to flush out people like Recruiter and shaunoneill (and no doubt many others) who were desperate to sell at any price.

[petersmith6] 26/7/2007 18:25

i dont think we will see such a large gain tomorrow,but a steady plod up to £1 to £1.20 shouldnt take too long

[petersmith6] 26/7/2007 15:35

with the MM's opening the spread(droping the bid) could they be shaking the tree a little?

[dealy] 26/7/2007 15:05

this company has all the necessary components to command a healthy valuation:

a) net cash
b) large existing customer base
c) meaningful revenues illustrating full proof of concept
d) cleared the decks on its US issues
e) rolling out new products in new markets
f) net income and cash flow positive

[petersmith6] 26/7/2007 15:01

i jumped ship but like a mug i brought a few just before the supention,well cant win them all can we.so it been top up and wait. the E walet idea is fantastic,mainly as the governets havent cottond on that you can trade on evily bay make money and you dont pat tax if you cearful.

[quinan] 26/7/2007 14:48

Yep I knew you had these when they were floating around £7 hope you sold out? Like you I thought they looked cheap @67p the company may have lost a very lucrative customer base but the world is a big place and e wallets are only going to grow, also if they move into other markets they may keep their US customers now that would be interesting??

[petersmith6] 26/7/2007 14:42

for my sinns and yes iv toped up for the long road to recovery,well break even atleast

[peteark] 26/7/2007 14:36

Hi M picked up a couple at 62

Just like old days mate

Worth holding for a couple of months

[quinan] 26/7/2007 14:33

Hi pete you still in these? just got some today @ 67p

[petersmith6] 26/7/2007 14:20

a rivel for paypal!!!! it might just work.will evilbay let them?

[peteark] 26/7/2007 14:16

I hear a whisper and it is ONLY a whisper that they are looking to move into the online auction world

[petersmith6] 26/7/2007 13:55

me to,but up is up...just wonder how long it will take to recover to presuspention prices

[quinan] 26/7/2007 13:54

Published: Thursday, July 26, 2007 Online-Casinos.com

HOW ARE THE MIGHTY FALLEN (Update)

2006 Neteller numbers show how badly US troubles impacted the e-wallet

Whilst the weak Neteller Quarter 1 2007 numbers was the focus of attention of most analysts yesterday (Wednesday), it was the year prior to the clash with the US authorities that best served to illustrate how successful the company was before its US troubles began with the arrest of founders Lawrence and Lefebvre in the US in January this year.

Results for 2006 showed impressive gains across all business metrics, with the most significant achievements made in its global expansion. Revenue was up by 50 percent from 2005 to 2006, and the company's customer base grew more than 50 percent.

CEO Ron Martin commented: "The third quarter [2006] marked another milestone with the addition of our three millionth customer."

He added that the active customer base was up by 29 percent to 640 701 active customers in 2006. That included 489 535 U.S. customers; 59 335 from Canada; 71 421 from Europe whilst Asia and the rest of the world contributed 20 410 to the active customer total.

The year 2007 is unlikely to match these statistics as a consequence of the e-wallet's expensive run-in with the US Department of Justice due to its popularity as a payment channel for US online gamblers. The company has withdrawn from the US, Canadian, Turkish and now Israeli markets and as a result could face a drop in income of between 70 and 75 percent.

Recognising the dangers, Neteller chairman Dale Johnson remarks: "In response to these significant challenges, the group is energetically implementing a strategy to restore its pre-eminence in providing money transfer services for the online gaming sector in selected markets outside of North American, through continued investment in product solutions and technology development."

Neteller's plan for rebuilding and bouncing back from the setbacks in the United States mainly involve expansion into other geographic areas through a number of market and user building initiatives.

By the end of 2006 the company had added 11 new countries, showed improved growth in Europe and Asia, and increased its non-North American active customers by 65 percent, so further improvements are clearly possible.

But the company will have to regain the respect and trust of customers at the player level, many of whom are disenchanted by the manner in which Neteller communicated and implemented decisions during its trials and tribulations with the US authorities. The resumption of full Neteller card services will be especially important in this regard.

Neteller stocks stumbled badly, dropping 113 points when it resumed trading on the AIM on Wednesday following a 6 month hiatus whilst the shares were suspended - the company's performance for the rest of the week will be the subject of close attention by analysts and investors alike.

CEO Martin still felt that the restoration of trade was a positive step for the company, viewing it as the start of a new chapter for Neteller following the resolution of its American hassles.

[dan10] 26/7/2007 13:34

Yep, but no more funds to buy!

[dealy] 26/7/2007 13:26

ouch, sharp pullback.

Bargain at 75p?