Neteller Share Discussion Threads

[par12] 12/8/2007 17:35

LOL you think is over then ? If it was that easy I would be RICH

[crosswire] 12/8/2007 17:03

U.S. Stocks Recover as Fed Assuages Lending Concern (Update1)

By Eric Martin and Lynn Thomasson

Aug. 11 (Bloomberg) -- U.S. stocks gained for the first time in four weeks on speculation the government will take steps to avert a lending crisis, helping the market overcome increasing home-loan and hedge fund losses.

The Standard & Poor's 500 Index began the week with the steepest two-day advance in four years, buoyed by a bullish economic outlook from the Federal Reserve. The benchmark was little changed yesterday after the Fed pumped the most money into the banking system since the September 2001 terror attacks and pledged more ``as necessary'' to bolster investor confidence.

``Someone needs to step in and create some stability, and we're seeing the Fed do that,'' said Jason Graybill, who helps manage $750 million at Abner Herrman & Brock Inc. in Jersey City, New Jersey

[stewjames] 12/8/2007 00:31

Sounds about right, welsheagle. Maybe you heard the dollar figure previously?

[stewjames] 12/8/2007 00:29

Not what I was getting at, dealy. Estimated by who? Seems pretty unlikely for this year.

[welsheagle] 11/8/2007 18:13

Above is old news, but isn't the £66m less than previously stated.

[welsheagle] 11/8/2007 18:07

Daily Mail article:-
'Payment processor Neteller has agreed to forfeit £66m as part of a settlement with the US authorities.
The deal means Neteller will escape being convicted of a federal crime as long as it fulfils a number of conditions over the next two years.
These include making sure its systems prevent US punters from gambling over the internet and that it allows a forensic accounting firm to oversee it is complying with these controls.
Neteller said it planned to publish its 2006 accounts as soon as possible and hopes to get its shares, which were suspended in January at 176p, trading again.
Co-founders Lefebvre and Lawrence pleaded guilty earlier this month to conspiracy to conduct illegal internet gambling.'

[dealy] 11/8/2007 17:42

Estimated PE of the company is about 6. 100 divided by 6 is 16%.

[stewjames] 11/8/2007 15:02

than to buy its own shares which have an earnings yield of 15% to 20%.

Figures based on?

[nellum] 11/8/2007 14:49

not for nlr I bet !!

[dealy] 11/8/2007 14:45

Great news about the share buyback coming soon. What better use of their own substantial cash reserves than to buy its own shares which have an earnings yield of 15% to 20%.

Friday is one of the worst days I've ever seen on the markets. It's ironic that the US markets have fallen less the FTSE 100.

Big bounce on Monday.

[crosswire] 11/8/2007 13:58

From iii:

nlr propose to buyback up to 12m shares over the coming 12 months.

You can vote on this resolution (although I don't expect much decent from the major holders, so perhaps no need).

My analysis

1) This shows nlr is confident of remaining cashflow positive.
2) I see this as an excellent use of cash reserves. i.e. returning some of it.
3) This should (will) have a positive effect on the shareprice. Buying average 1m per month, is alot of upside pressure on liquidity.

Full Details below.

As an Ordinary Resolution:
f) That pursuant to and in accordance with Article 11 of the Company's Articles of Association, and with Section 13 of the
Companies Act 1992, the Company be generally and unconditionally authorised to make market purchases (as defi ned
by Section 13(2) of the Companies Act 1992) of ordinary shares of 0.01 pence each in its capital, provided that:
i) the maximum number of shares which may be acquired is 11,992,095;
ii) the minimum price that may be paid for each ordinary share is 0.01 pence;
iii) the maximum price which may be paid for each ordinary share is an amount equal to 105% of the average of the
middle market quotations for the ordinary shares of the Company derived from the Daily Offi cial List of the London
Stock Exchange plc on the fi ve business days immediately preceding the day on which such share is contracted to
be purchased; and
iv) the authority conferred by this resolution will expire at the conclusion of the next Annual General Meeting of the
Company unless previously revoked, renewed or varied by the Company in General Meeting, but any such expiry
will not prejudice the completion of a contract already entered into by the Company pursuant to this resolution.

[crosswire] 11/8/2007 13:54

From iii:


I'm a long time fan nlr's business model but only recently bought in, because I felt they were previously over-priced given the risks.

Now I see them as good value, but they must be priced based on what they can do in Europe/RoW.

Their biggest asset is their merchant liquidity. Pretty much every gaming merchant in the world went with nlr to get to the lucrative US market. Of course this is no longer necessary so it a bit more of a level playing field and other local wallets can compete.

But players are attracted by the chance to move funds quickly between poker sites or sportsbooks to get the best odds etc.

There is tons on competitors out there, but they are all chasing the same business and struggling to differentiate themselves.

Nlr having benefited from being the first mover, has the chance to focus on developing its user proposition while the others are chasing merchants to catch-up.

SEPA will help nlr move a chunck of business off of the card schemes - reducing its cost of sale.

The share buy back is very positive.

IMO nlr is simply suffering with the general market and especially the financial sector, based on the US sub-prime shocker. This is a buying opportunity because nlr has no exposure to these issues and is cashflow positive.

Underlying P/E excluding cash in the bank is low single figures. This stock should see some momentum soon.

More markets could close to nlr - we already have seen US, Canada, Isreal, Turkey. While France and Germany might try, they will struggle to justify any actions with the EU. South America is a good new market, and Ron Martin recognises the need to be equiped to enter local markets.

All in all a buy at this price

[dealy] 10/8/2007 09:07

They still have 450 employees and take $1.4m a day in receipts. To build such a company would cost substantially more than the current £30m enterprise value (market cap less net cash).

[nellum] 10/8/2007 08:51

hope results can push it up

well out of pocket this week

[dealy] 10/8/2007 08:29

Got to grin and bear it today. Those of you who missed the chance to buy low when it unexpectedly re-emerged from suspension can buy it now for 62p.

Last chance to buy this at such a silly level. Net cash of about 40p.

[nellum] 09/8/2007 16:00

a lot higher than 63.25 !!!

[shaunoneill29] 09/8/2007 15:58

nellum - What price did you buy at?

[nellum] 09/8/2007 15:56

bit bloody early for auction

what the hells going on ?

[nellum] 09/8/2007 15:49

what a dog of a stock

wish I went for carter now

effin interims better be good

[shaunoneill29] 09/8/2007 12:24

crosswire

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.
------------------------------------------------------------------------

I take it this is pre USA.