Neteller Share Discussion Threads

[quinan] 21/8/2007 15:35

Published: Monday, August 20, 2007 Online-Casinos.com

NETELLER UPBEAT

AGM faced with confidence by Neteller management

Monday 20 August was annual general meeting day for the Isle of Man based e-wallet Neteller, now emerging from a damaging 7 month tussle with the US Department of Justice (see previous Online-Casinos.com/InfoPowa reports) which froze the accounts of US clients and precipitated the exit of the company from the US and Canadian markets.

Recently appointed chairman Dale Johnson told investors: "Today's AGM marks the conclusion of a challenging period for the company following the agreement with the US authorities reached on 18 July resolving the investigations into Neteller's former US business activities.

"The settlement represents a certain outcome that enables the company to refocus its efforts on building and strengthening the Neteller business outside of North America into the growing markets of the European and Asia Pacific regions.

"The Board believes that the Group has both the management team and experience to exploit the opportunities available in those markets."

Johnson went on to confirm that Neteller has made "significant progress" in the return of funds to its former US customers, a process commenced on 31 July 2007. To date, more than $71 million of the total amount owing to US customers of $94 million has been returned through the Distribution Plan agreed with the US authorities.

The chairman said he was grateful for the support and patience of the company's stakeholders since its troubles started in January of this year, and said he was confident the group would continue to provide the services and products that Neteller customers and merchants have come to expect.

"I assure you that the Board understands and appreciates the adverse impacts experienced by shareholders, employees and other stakeholders as a result of the unexpected events earlier this year," Johnson continued. "While the year to date has been challenging for a number of reasons, the group's business has performed satisfactorily. The Board looks forward to renewed growth and is optimistic about the prospects for the full year."

Neteller's interim results for the six months ended 30 June 2007 will be announced later this week on Thursday 23 August 2007.

[sharedoc] 21/8/2007 15:29

Level 2 at present is saying that Thursday is gonna be good !!

[maestro4] 21/8/2007 12:11

"While the year to date has been challenging for a number of reasons, the Group's business has performed satisfactorily. The Board looks forward to renewed growth and is optimistic about the prospects for the full year."

do they need to put it on a plate...

[maestro4] 21/8/2007 11:25

malcolme

yep, cant see why they cant produce growth in china... nice to see a steady rise..

[malcolme2] 21/8/2007 11:02

If Neteller can build a solid business in China, then that is a much better growth story than the US. The Chinese certainly like to gamble. They also have one of the same reasons that people liked internet gambling in the US, namely that there can be very large distances to get to a casino so why spend a 1,000 bucks on a flight and hotel when you can can gamble from home. I think thursdays statement will be very interesting indeed, I expect a we are going bust or we are going gangbusters statement nothing in between.

[drjudywood] 20/8/2007 20:31

don..fack off ya imbecile!

[tenapen] 20/8/2007 19:07

"China the place to be" LOL

[don777] 20/8/2007 17:17

Holdings in Company



Monday, 20 August 2007 - NETELLER Plc (LSE: NLR), received notification on 20
August 2007 that as at close of business on 17 August 2007 MF Global UK Limited
("MF Global") had a beneficial interest in the Company's shares that resulted in
MF Global holding a total of 10,349,616 ordinary shares representing
approximately 8.63% of the issued share capital of the Company. MF Global UK
Limited was formerly known as Man Financial Limited having changed its name on
19 July 2007.


following the AXA reduced, Man did.

there must be dark things our PI do not know.

[maestro4] 20/8/2007 15:08

dealy

where does it state they will do the share buyback.

[dealy] 20/8/2007 12:03

I think they will proceed most definitely with the share buyback.

[maestro4] 20/8/2007 11:47

dealy

i dont think they will go along with the share buy back now..

heavy volume at close on firday...

undervalued compared to "datacash" company.

[drjudywood] 20/8/2007 10:34

lol! ..loserrrrrrrrrr!

[dealy] 20/8/2007 10:08

results out on Thursday and then, and not until then I presume, the share buyback can commence.

[maestro4] 20/8/2007 09:51

While the year to date has been challenging for a number of reasons, the Group's business has performed satisfactorily. The Board looks forward to renewed growth and is optimistic about the prospects for the full year."

what else do they need to say!! lol

[maestro4] 20/8/2007 09:10

no volume.... when will peeps realise this is undervalued...

[quinan] 20/8/2007 08:24

Hi wardy sold most still hold some for long term still watching, but was unhappy with the placing? I will see what happens with the results until then there is not much to add on the BB. Got into NLR on its re-listing think there might be more room to move once its financial situation is clear and that we will know on Thursday

[wardy3] 20/8/2007 07:59

QUINAN--Did you sell up at LNG I did, bought some the other week and sold a few days later small profit, think most people sold all the regulars on there you and me included seem to have left the b/b.
Could be time to get back in.

[welsheagle] 20/8/2007 07:46

Neteller AGM Statement


RNS Number:4514C
NETeller PLC
20 August 2007

NETELLER Plc

AGM Statement



Monday, 20 August 2007 - NETELLER Plc (LSE: NLR), the independent global online
payments business, will hold its Annual General Meeting (AGM) later today at
2.00 p.m. in the Isle of Man, at which Dale Johnson, Chairman of the Company,
will make the following statement in relation to the performance of the
business:



"Today's AGM marks the conclusion of a challenging period for the Company
following the agreement with the US authorities reached on 18 July resolving the
investigations into the Company's former US business activities. The settlement
represents a certain outcome that enables the Company to refocus its efforts on
building and strengthening the NETELLER business outside of North America into
the growing markets of the European and Asia Pacific regions. The Board believes
that the Group has both the management team and experience to exploit the
opportunities available in those markets.



The Company has made significant progress in the return of funds to its former
US customers, a process commenced on 31 July 2007. To date, more than $71
million of the total amount owing to US customers of $94 million has been
returned through the Distribution Plan agreed with the US authorities in an
effective and efficient manner, and credit must go to our employees who have
assisted in the execution of this process to date.



I am grateful for the support and patience of our stakeholders since January
2007 while we have worked to resolve our situation, and I am confident that
NETELLER will continue to provide the services and products that our customers
and merchants have come to expect. I assure you that the Board understands and
appreciates the adverse impacts experienced by shareholders, employees and other
stakeholders as a result of the unexpected events earlier this year.



While the year to date has been challenging for a number of reasons, the Group's
business has performed satisfactorily. The Board looks forward to renewed growth
and is optimistic about the prospects for the full year."



The Group's interim results for the six months ended 30 June 2007 will be
announced later this week on Thursday 23 August 2007.

[quinan] 20/8/2007 07:46

Morning all, well I would say this was a positive AGM statement, I think the wording challenging was an understatement but things have stabilised with results going to be satisfactory, so with nearly £400mln being wiped off its share price maybe its time to recover some of those losses.

Neteller AGM Statement


RNS Number:4514C
NETeller PLC
20 August 2007

NETELLER Plc

AGM Statement



Monday, 20 August 2007 - NETELLER Plc (LSE: NLR), the independent global online
payments business, will hold its Annual General Meeting (AGM) later today at
2.00 p.m. in the Isle of Man, at which Dale Johnson, Chairman of the Company,
will make the following statement in relation to the performance of the
business:



"Today's AGM marks the conclusion of a challenging period for the Company
following the agreement with the US authorities reached on 18 July resolving the
investigations into the Company's former US business activities. The settlement
represents a certain outcome that enables the Company to refocus its efforts on
building and strengthening the NETELLER business outside of North America into
the growing markets of the European and Asia Pacific regions. The Board believes
that the Group has both the management team and experience to exploit the
opportunities available in those markets.



The Company has made significant progress in the return of funds to its former
US customers, a process commenced on 31 July 2007. To date, more than $71
million of the total amount owing to US customers of $94 million has been
returned through the Distribution Plan agreed with the US authorities in an
effective and efficient manner, and credit must go to our employees who have
assisted in the execution of this process to date.



I am grateful for the support and patience of our stakeholders since January
2007 while we have worked to resolve our situation, and I am confident that
NETELLER will continue to provide the services and products that our customers
and merchants have come to expect. I assure you that the Board understands and
appreciates the adverse impacts experienced by shareholders, employees and other
stakeholders as a result of the unexpected events earlier this year.



While the year to date has been challenging for a number of reasons, the Group's
business has performed satisfactorily. The Board looks forward to renewed growth
and is optimistic about the prospects for the full year."



The Group's interim results for the six months ended 30 June 2007 will be
announced later this week on Thursday 23 August 2007.

[wardy3] 20/8/2007 07:45

Statement should lift the share price today, encouraging news .

[welsheagle] 20/8/2007 07:45

LONDON (Thomson Financial) - NETeller PLC said its business has performed
satisfactorily despite challenges, and the company is optimistic about the
prospects for the full year.
The e-payment company said to date, it has returned more than 71 mln usd of
the total 94 mln usd owed to US customers through its Distribution Plan agreed
with the US authorities.
It will release its interim results on August 23.

[maestro4] 19/8/2007 15:37

no, was short on mxp till £1, bought yoo under a penny, only loss is vog. sold 75% of holdings.

NLR was lucky enough to buy at these levels, mkt over reaction. NLR will see growth in europe, now they can concentrate in these areas.

China is another, they need a base there..

muppet binary and co...