Neteller Share Discussion Threads

[welsheagle] 16/8/2007 20:14

Daniel Stewart reiterated 'buy' recommendation today with target price of 76p.

[maestro4] 16/8/2007 18:04

guys have a look at datacash turnover £16m with profits around £1.6m. They have £16m cash and gave a diviends of 1p, current share price 246p.

mkt cap 225m.

Neteller £35m in bank(after all the deduction to the yanks), building valued around £15m, turnover expected to be $44m this year. Break even hopefully this year. Recently bought a slice of a company.

mkt cap 73m.

Neteller is undervalued get in....

[maestro4] 16/8/2007 17:52

yes i am aware, and now i wish advfn allows me to change my alias. It appears he offended alot of people..

[maestro4] 16/8/2007 16:42

StewJames

seriously, don't mistake me with someone else... I got it a few times and its annoying.

Have i offended you!!!

[stewjames] 16/8/2007 16:21

Interesting acquisition. Centricom does not appear to be aimed at the online gambling market (at least, not exclusively). Anyone familiar with the company and for what purpose the "typical" user employs it?

Hopefully this is the start of some welcome diversification away from the regulatory minefield that online gambling is becoming.

[mlangton1] 16/8/2007 15:20

Yep, good news on a bad day Maestro. Nice to see they have the confidence to build.

[maestro4] 16/8/2007 09:16

not the right time to be releasing news... mkt are taking a tumble.

Just proves nlr still has the muscle there finances are sound... looking forward to next week if the yanks clear up there backyard..

[quinan] 16/8/2007 07:13

Morning all, well NLR are expanding into the ASIA PACIFIC good news I would say.


Neteller Acquisition


RNS Number:1984C
NETeller PLC
16 August 2007


NETELLER Plc


NETELLER EXPANDS IN ASIA PACIFIC BY ACQUIRING STAKE IN CENTRICOM



Thursday, 16 August 2007 - NETELLER Plc (LSE: NLR), the independent global
online payments business, announces that it has recently completed the
acquisition of a strategic stake in Centricom Pty Limited ("Centricom"). The
key points of the investment are:



* Centricom operates the POLiTM payment platform in Australia and New
Zealand.



* NETELLER will pay a total of AUD$ 5 million (approximately US$ 4
million) for a significant equity position in Centricom.



* Extends NETELLER's expertise as a payments hub for its merchants
initially in the Asia Pacific region.



Centricom Pty Limited is an Australian company based in Melbourne that provides
a range of web-based transaction services, including online payments,
straight-through processing, reconciliation and advanced transaction integration
solutions.



NETELLER has agreed to invest a sum of AUD $5 million in consideration of a
minority stake holding in Centricom, on a fully diluted basis. As part of the
investment, NETELLER will appoint one director to the Centricom board.



Through an existing partnership, NETELLER introduced the POLiTM service to its
Australian customers in January 2007 as a safe and convenient method of payment
direct from their bank accounts. The POLiTM system allows customers to make
payments online, from their existing internet banking service, without
disclosing their bank or credit card details to the merchant.



Centricom is backed by a strong financial partner in Melbourne-based Jagen group
("Jagen"). Jagen is an international investment group with interests across a
broad range of industries in the United States, Europe and the Asia Pacific
region. Jagen will continue to own the majority shareholding in Centricom
following the NETELLER investment, along with Centricom's directors and
employees.



This investment furthers the NETELLER Group's presence in the important and
expanding Asia Pacific online payment market.



Ron Martin, President & Chief Executive Officer of NETELLER, said "We are
pleased to cement our existing relationship with Centricom through this
investment. We look forward to working with Centricom to drive the business
through its next phase of growth. NETELLER will continue to seek out strategic
relationships with companies such as Centricom who offer compelling products and
services that enhance our innovative online payment solutions to our global
customers and merchants."



Simon Warner, Managing Director of Centricom, said "We welcome the investment
from NETELLER as a milestone in our development which will enable us to roll out
the POLiTM service to more merchants and build further consumer brand awareness.
This partnership is further evidence that Centricom is serious about being the
major provider of online payments in Australia, New Zealand and beyond."




Enquiries:

Andrew Gilchrist + 44 (0) 1624 698 713
VP Communications, NETELLER Plc

Daniel Stewart & Co Plc + 44 (0) 207 776 6550
Paul Shackleton

Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner / Ged Brumby / George Cazenove

[neo123] 15/8/2007 17:16

i is not indian!!

It appears i have a stalker in the name of binary, one sad basd over the last few days created 10 forums id's.

Oh no!!!

filtered...

[drjudywood] 15/8/2007 17:09

rascist comment...advfn informed

[neo123] 15/8/2007 17:04

was that 250k a sell..

Is someone still dumping.

[neo123] 15/8/2007 16:08

Have alook at DataCash, mkt cap 230m with turnover of £16m and profit of £1.6m.

nlr has 35m in the bank along with assets, cant see why nlr cant beat that turnover and profit. imho

[neo123] 15/8/2007 13:49

the yanks did us in, but eventually this company will get back on track. a few years this can easily be trading at £3.

[sharedoc] 15/8/2007 13:35

I've taken the plunge this morning purley because I think that there is the potential for NLR to not only survive but grow the buisness, also if you take away the cash + property investment it looks undervalued. Its just my humble opinion.