Neteller Share Discussion Threads

[crosswire] 07/8/2007 18:44

About the NETELLER Group

Trusted by millions of customers in over 160 countries to move and manage
billions of dollars each year, the NETELLER Group operates the world's leading
independent online payments business. The Group specialises in providing
innovative and instant payment services where money transfer is difficult or
risky due to identity, trust, currency exchange or distance. Being independent
has allowed the Group to support thousands of retailers and merchants in many
geographies and across multiple industries.

[shaunoneill29] 07/8/2007 12:53

yeah right, at last NLR board have some sense.

[quinan] 07/8/2007 12:39

Shaun, LOL, well you know some peeps might just miss that little bit of information.

[shaunoneill29] 07/8/2007 12:11

QUINAN - that a very nice and very clever bit of work, always good to highlight revenues.

[quinan] 07/8/2007 12:08

"European revenues grew to $23.8 million". This is incorrect; the correct figure for revenues attributed toEurope is $32.6 million. Therefore the growth in the Group's European revenues from H1 2006 to H2 2006 was approximately 25 per cent.

[quinan] 07/8/2007 12:06

Look like Europe revenue is growing, look to me a positive TS


Neteller Annual Report & Results Date


RNS Number:6621B
NETeller PLC
07 August 2007


NETELLER Plc


Re Annual Report and Notice of Results


Tuesday, 7 August 2007 - NETELLER Plc (LSE: NLR), the independent global online
payments business, announces that the interim results for the NETELLER Group for
the six months ended 30 June 2007 will be announced to the market on Thursday 23
August 2007. The Company will hold an analysts' meeting in London that morning
and will also host a conference call for investors later that afternoon.

Shareholders are also reminded that the Company's Annual General Meeting will be
held on Monday 20 August 2007 at 2.00 p.m. in the Isle of Man. Further details
are set out in the Company's Annual Report which is available on the Company's
website at

The Company would also like to draw attention to an error which has been
identified in the Company's 2006 Annual Report. On page 7 in the Company's
Financial Review, there is a statement that "European revenues grew to $23.8
million". This is incorrect; the correct figure for revenues attributed to
Europe is $32.6 million. Therefore the growth in the Group's European revenues
from H1 2006 to H2 2006 was approximately 25 per cent. This correction does
not affect the Company's audited figures or its reported total revenue.

[marlene72] 07/8/2007 10:04

Hmm this is interesting shaun, shows that the u.s are not scared to go after u.s companies... and maybe directors... should scare the willies out of full tilt and pokerstars, just as partypoker seem rather scared and co operating with the doj after the nlr case, i dont see why these big boys over the pond shouldnt be just as worried ?, this will have a ripple effect i think and surpress nearly all of the poker stocks , except for 888 i'd say who are all clean and operate in countries where credit card and debit cards a freely useable....none of these payment systems will affect their flow imho

[shaunoneill29] 06/8/2007 17:01

Hi Guys i dont know how old this is:

Citadel, Optimal/FirePay Funds Seized by Feds -- Online payment processors Optimal Group (parent company of FirePay) and Citadel Commerce have announced the seizure of money held in merchant accounts by U.S. authorities in continuing money-laundering investigations. The exact connections to online gambling remain unclear, though it is believed instigated by the sportsbook situation that led to the NETeller arrest and seizure. The amount of funds seized is smaller as well, a combined $28 million or so, compared to the $150 million-plus in NETeller customer assets still held under virtual lock and key.

[truefacts] 03/8/2007 14:27

Any MDC share holders here?

On another ADVFN Free BB an eye opening discussion is going on with regards possible share holder action against the current board of MDC with regards to how they have handled the business since 2005 and the number of RNS'd great deals (Gambling.com, Orange and Vodafone Mobile Gambling contracts, own Poker Room, OnTheBox.com, etc) and other much vaunted promises that proved fruitless, when so many others believed they should have not.

Holders of more than 500,000 shares in MDC were sent a letter last week by ADVFN BB contributor BASBAS asking if there was much support for such an action and it looks like there is. Many large share holders might not have received their letter as not all nominees have passed them on. Might be worth checking with yours. (Anyone here below 500,000 please ask BASBAS there to send you the priviliged and confidential letter)

Proposal for a completely new board with accomplished and highly respected City heavyweights waiting in the wings and digital/media expertise at the ready too is the answer most would like to see, and if you'd like to add your voice and share holding then do take the time to join the debate there at the MDC discussion.

There are lots more details and in-depth analysis from learned contributors, breaking down the Company's statements, figures and identified website problems as well.

[malcolme2] 03/8/2007 10:09

William Hill has announced that there Euro online poker ops are showing a downturn because the Euro players want to play against the yanks who all play on sites in Costa Rica. I wonder how those accounts are being funded, surely US owned credit card companies are not allowing US players to fund thier accounts on their credit card (tongue in cheek).

[quinan] 03/8/2007 10:06

Published: Friday, August 03, 2007 Online-Casinos.com


NETELLER CHIEF TELLS YOUTUBE USERS "WE'RE SORRY"

US players get frozen funds and an apology - at last

The Isle of Man based e-wallet Neteller started trying to repair the damage to trust that its 7 month run-in with US Department of Justice authorities caused by using the popular free video streaming site Youtube.com this week to apologise to US customers.

A casually dressed Ron Martin, CEO of the company appeared in a videoed statement, recapping the events that caused his company to freeze US accounts for six months and exit the US market.

Martin revealed that he had been following blogs and other public opinion sites on the issue, and touched on the firm's weak communications with customers. This was unavoidable due to the sensitive nature of negotiations as his company battled its way through DoJ allegations before finally agreeing to pay a major $136 million penalty (see previous Online-Casinos.com/InfoPowa reports)

After reprising the key points in the plan for the return of US monies, Martin reiterated that payouts totaling some $94 million to hundreds of thousands of US players had started, and revealed that in the first day alone, $40 million had been dispatched to US players. He apologised to those US customers who had been kept waiting so long, and thanked them for their patience. The issue of interest, which Neteller has announced it will not be paying, was not addressed.

Martin stressed the importance of trust and acknowledged that the company will now have to work hard to regain the trust of its customers in the wake of the US debacle.

The question of how much private information on US players had been divulged to the US authorities - if any at all - was not addressed.

The message can be viewed at:

[quinan] 02/8/2007 07:44

LOL look at what the yanks are upto now, it looks like they want a state owned online poker.

Well that's it we all know the yanks want all competition band from their country, once that happens online betting and gambling will be state run.




California Could Legalize Online Poker

According to Gambling911.com, California state could be in the Internet poker business next year, if a petition drive catches on. A proposed initiative to create a state-owned Internet poker game drew attention Tuesday from the existing gambling community -- including Indian casino tribes -- and support from independent experts. The proposal would allow Indian casinos and other gambling establishments to set up revenue-sharing deals, which would serve as an incentive to wealthy tribes to gather voter signatures needed to put the measure on the February ballot. Initiative supporters must collect about 430,000 signatures by the end of the year to qualify the measure for the ballot.

[quinan] 01/8/2007 13:37

Afternoon all did I miss something?? whats this GlobeWallet?

Published: Wednesday, August 01, 2007.

Neteller was also active in contacting former Neteller Card holders. The e-wallet suspended Neteller Card services earlier this year and is now offering a new facility in the form of its new GlobeWallet Prepaid Card, offered in partnership with First Pay and Conister Trust PLC.

The new card will work at over a million ATMs in 210 countries and over 25 million merchants worldwide, and Neteller boasts that lower fees than most other prepaid cards are a feature.

Neteller has waived activation fees provided that existing card holders request the new service before August 8.


Published: Wednesday, August 01, 2007 Online-Casinos.com
NETELLER U.S. PAYOUTS IN PROGRESS (Update)

Relieved US players start receiving long-frozen funds

American online gamblers who have had their Neteller accounts frozen since January will have been relieved yesterday to at last see their money, as the Isle of Man-based e-wallet started paying out the $94 million owned by US players that has been in limbo whilst the Neteller vs. US Department of Justice drama played out.

As part of its settlement with the US authorities, Neteller has pulled out of the US market, agreed to pay a penalty of $136 million and to pay out - without interest - all American players whose funds were frozen. The last condition was in full swing Tuesday in compliance with the agreed timetable.

Amounts being paid varied from less than a hundred to tens of thousands - several players have posted that they had account balances in excess of $20 000, $70 000 and in one case $800 000 (allegedly a top poker tournament player whose winnings were paid to Neteller)

Neteller was also active in contacting former Neteller Card holders. The e-wallet suspended Neteller Card services earlier this year and is now offering a new facility in the form of its new GlobeWallet Prepaid Card, offered in partnership with First Pay and Conister Trust PLC.

The new card will work at over a million ATMs in 210 countries and over 25 million merchants worldwide, and Neteller boasts that lower fees than most other prepaid cards are a feature.

Neteller has waived activation fees provided that existing card holders request the new service before August 8.

[dan10] 01/8/2007 12:18

Did anyone else get message that can't deal NLR as suspended or is it just a blip with my broker (i.e. not updated)?

[quinan] 31/7/2007 13:17

Published: Tuesday, July 31, 2007 Online-Casinos.com

CLARITY AT LAST ON ECO CARD'S U.S. BUSINESS

After months of speculation and conflicting information, Eco Card announces US exit

US players are to lose another e-payment solution next month as Eco Card exits the US market after months of speculation and conflicting information in the international player community.

Eco Card made it official in an emailed notice this week, which obliquely referred to the continued impact of the Unlawful Internet Gambling Enforcement Act in the United States and confirmed that it is to exit the American market on August 24, 2007.

The email was directed at US customers and announced that in the light of recent industry developments Eco Card has decided it will no longer process any payment transactions originating from US located customers that may be related to internet gambling.

This change will be effective from 24th, August, 2007 at 10:00 A.M. PST

After this date US located customers will still be able to continue to use their Eco Card account at non-internet gambling supported merchants, to make Person to Person Money Transfers and for Withdrawals. For this reason accounts will not be closed or suspended after the effective date and US players will still be able to withdraw any funds after the effective date. Deposits will also be accepted before August 24.

The announcement stresses that customers located in countries other than the United States are not affected by the change in Eco Card's US policy. All transactions for these customers will continue to operate without disruption.

[dealy] 31/7/2007 09:22

good interest as well. You get 5% in US dollars. They should earn at least $3m in interest on this.

[britishbear] 31/7/2007 09:15

I like the fact that the Yanks have until Jan 2008 to claim their money. You can be sure that there will be few million left from people who either can't be bothered or want to keep off the radar.

Free cash for NLR - every little helps.

[tipsytoad] 31/7/2007 09:10

its ok now

[tipsytoad] 31/7/2007 08:54

'this share is currently suspended from trading'

this is the response when trying to buy
whats going on?.........

[quinan] 31/7/2007 07:40

Morning all a little more positive press

Published: Monday, July 30, 2007 Online-Casinos.com


BULLISH VIEW ON NETELLER

Continued popularity of online gambling a harbinger of good (non-US) business?

The week started on a positive note for Neteller with a share price holding firm around the mid-70 pence range and a bullish assessment of the e-wallet's future in the British newspaper The Independent.

After summarising the e-wallet's recent challenges, writer Andrew Dewson opines that now that the [American] dust has settled, there are reasons for looking to the future with optimism.

"Online gaming is still phenomenally popular and growing fast, even with the US effectively shut down. There is a certainly a demand for the service Neteller provides and it is the market leader, with a good brand position," writes Dewson.

"What is more, it still has $75 million in cash, and while the drop in revenue from the US closure looks horrid, the company ought to at least break even this year. Shrewd investors have already cottoned on and the shares, now out of suspension, rallied to 79p from 73.75p at the end of last week."

The article suggests that there could be more to come from Neteller in the non-US markets, and predicts that even the American authorities might eventually see sense and the benefits of taxation and control rather than leaving the players at the mercy of "less salubrious" operators.

Pointing out the historical failure of prohibition measures on alcohol, Dewson speculates that if America reopens for business, the Neteller shares will again fly high, and the current situation offers investors a ground level opportunity.



Published: Monday, July 30, 2007 Online-Casinos.com

IT'S OFFICIAL - U.S. NETELLER PLAYERS' PAYOUT STARTS TODAY

Over six months of uncertainty to end - but no interest

It's official - in a company press release dated Monday 30 July, the Isle of Man-based e-wallet Neteller has confirmed that with effect from today US players have access to their accounts in order to withdraw funds frozen for over six months.

US accounts were frozen in January when the e-wallet exited the US market after its founders were arrested by US authorities and subsequently pleaded guilty to charges lodged by the United States Attorney's Office for the Southern District of New York.

Neteller wisely includes a warning that because the company is returning $94 million to hundreds of thousands of US customers, it will take some time for all payments to be processed, and it cautions that its website could initially be swamped. The e-wallet also issued a timely reminder for all users to be on their guard against phishing and other fraudsters hoping to cash in on the release of the funds.

The distribution plan follows the Neteller announcement of June 4 2007 advising that the plan had been agreed with the United States Attorney's Office for the Southern District of New York, and that US customers may commence requests for the return of their funds from July 30.

US customers will be able to access their Neteller accounts online until 26 January 2008 to request withdrawal of their funds.

Players will be less pleased with the news that the six months hold on the funds in their accounts will not be recognised for purposes of interest - the e-wallet advises bluntly that in accordance with its Terms of Use, no interest on account balances will be paid.

Neteller will not charge fees to customers to process requests for funds. Funds will be distributed either by electronic transfer to the bank account on record with Neteller or by a cheque to be sent to a mailing address as confirmed by the customer. If a US customer has a bank account already registered with Neteller, funds transfer will be by electronic transfer subject to confirmation by the customer that the registered bank account remains valid.

US customers will receive the entire balance of funds in their account; no requests for partial payments will be processed. US customers cannot use their accounts for any transaction other than to request the funds.

Further information is available on the Company's customer website, www.neteller.com, in particular the US customer update FAQs which are posted at updates.neteller.com.

"We are very pleased to start the funds distribution process today. I can assure our US customers it has been our highest priority and we'd like to thank them for their patience during this period", said Ron Martin, President and CEO. "The implementation of this plan marks another major step forward in the Company's recovery strategy".

[stewjames] 30/7/2007 22:02

Nothing but a name? You missed the multimillion revenues from the recent results announcement? That's multimillion excluding the US, despite the fact that many of the customers would have been well aware of the tribulations American users were suffering. Fireone becomes almost nothing because they had almost no business outside the US.

Plus now the US customers are being paid back (many customers have been crying that they expected not to ever get their cash back) the value of the Neteller name increases.

[lbo] 30/7/2007 20:30

Who would want to buy Neteller? Your buying nothing except a name and now the name is nothing. Just like fireone no one will want this IMHO.

[par12] 30/7/2007 20:18

The one that got away !