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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Neteller | LSE:NLR | London | Ordinary Share | GB0034264548 | Moved to NEO, was ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 49.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/8/2007 10:13 | Thats the question the court will have to answer. I do not think it is as clear cut as that otherwise the DoJ/USAO would not have stopped at the plea-bargains with the founders. If you have a water-tight case then you prosecute. It all comes back to the interpretation of the wire-act. | polaris | |
23/8/2007 10:08 | Not really out of the hands of NLR considering they broke the law. | oneillshaun | |
23/8/2007 10:08 | again though - how much could this possibly be? | dealy | |
23/8/2007 10:06 | Seeing as all vendors and account holders sign the declaration when the account is set up that all interest belongs to NLR on balances held then its a weak argument. The claim is probably related to non-access to funds as the breach of terms of agreement. That was out of the hands of NLR due to the DoJ/USAO intervention but maybe the courts will see it differently and award damages to the vendors. We will see. | polaris | |
23/8/2007 10:06 | fair enough - so worst case they pay out some interest to those who claim. What's the big deal? | dealy | |
23/8/2007 10:02 | if you had a big chunk of cash stuck in NLR account for a few months you wouldchase them for interest. | oneillshaun | |
23/8/2007 10:02 | why are they going along with the share buy back then? | maestro4 | |
23/8/2007 10:02 | what claim would such individuals have? If it's based on damages caused by not having access to their funds for 6 months well, the company cannot be held accountable for that. | dealy | |
23/8/2007 09:59 | I read on a news report a month or so ago that NLR are now immune from prosecution by the US authorities, but that they're still open to a private action brought about by a group of individuals who have got themselves together. That could be very expensive for the company, even if they win the case. Nice profit over the past few days, IMO it's best to take it and watch to see what happens. DYOR. | webgremlin | |
23/8/2007 09:49 | QUINAN the litigation worries!!! :( | maestro4 | |
23/8/2007 09:49 | LOL I can't believe we are seeing RED, good numbers good prospects fears for the company unable to perform are out the way and just about to receive £22mln in cash from the sale of there property???????????? | quinan | |
23/8/2007 09:37 | by end of aug they will have circa £60m in cash. buying back shares, i doubt they would have done that if they thought the litigation was going to be excessive. | maestro4 | |
23/8/2007 09:37 | what happened to all the buying? | dealy | |
23/8/2007 09:32 | Thanks Paul - you are the man! Can't blame you for taking measures to limit your risk Must admit if i had done something similar before the collapse I would have been a lot better off now than i am. I'm now reduced to keeping my fingers crossed that I am proven right in my prediction that the share was worth £3 even without the US. | dan1man | |
23/8/2007 09:24 | With this rate of growth in Europe and Far East £3 will be reached . Spring 2008 would be my guess. :-) | davidlloyd | |
23/8/2007 09:24 | Dan - i open positions with an extra spread such that if the price goes against me i can only lose a fixed amount. For example, i had something like £200pp open on NLR when it was suspended with my average buying price at 155 and my stop in place at 155 as price closed around 177 on the last day of trading. When the share reopend at 60odd my positions were closed at 155 for flat on the trade (though i lost a little on rollover costs in the interim period). Had i not had the controlled risk in place then i would have been the best part of £20k out of pocket. When a share is very volatile the SB companies tend to only let non-controlled risk positions be opened (ie much more risk to the punter!). I do not like the extra risk having been hit several times in the last 8 years this way. A margin call is a very nasty thing when something unexpected happens! I could have opened positions without the controlled risk but i refuse to break my rules. Sometimes i miss out but at all times my downside risk is costed and so i can always sleep at night. regards, Paul | polaris | |
23/8/2007 09:23 | litigation worries... lets hope some institutions ask at the meeting. is it on webcast, anyone got a link..... | maestro4 | |
23/8/2007 09:20 | advfn_1 - good to see you stil around. Hopefully we'lll still be around to see the day when we get back to £3+ | dan1man | |
23/8/2007 09:15 | Paul i haven't a clue what you're talking about in that last paragraph, but if someone as knowledgable as you about a share can't buy when it hits its floor then there must be something wrong with your investment strategy. That said, there is obviously something wrong with mine too as i couldn't afford to buy any even when I knew this could only go north from 60p. ps - wonder why this is still trading at under £1? | dan1man | |
23/8/2007 09:15 | M&C - total loser! | advfn_1 | |
23/8/2007 09:02 | My thoughts on litigation may be due to NLR not paying interest on the monies owed, if some high roller had $1mln of frozen cash he/she maybe well peed off? | quinan | |
23/8/2007 08:52 | My post of 27th July wasnt too far off the mark then for H1 numbers. :-) The Q3 numbers will be key because if there has been a slowdown in the ongoing business as highlighted in the chairmans statement then Q3 will be the first 'clean' quarter to gauge what is going on. Q4 is traditionally the strongest Q for the business. Ongoing business is at least cash neutral after associated costs but margin suffered due to higher fees in non-US territories. I think any talk of going bust can be safely thrown out of the window, although the note about potential litigation from a vendor due to breach of contract is one that must be followed very carefully. No further details have been given and if this becomes a test case then it could mean other vendors filing suits. That COULD cause problems in the future but too little info to go on for now. Nice results - just a shame i could not be part of the rise due to my strict limited risk only SB trading...i tried at 66.2 for a dec position with 10 point stop only 2 days ago and it was refused due to being CR. That would have been a 200% profit as of this am - ah well i still have the gold positions! ;-) regards, Paul | polaris | |
23/8/2007 08:49 | analyst meeting anyone got a link? | maestro4 | |
23/8/2007 08:45 | they made a loss due to the restructuring, around $25m has been spent in h1 2007. h2 will be alot better, the majority of the restructuring cost have been completed in h1. | maestro4 |
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