Neteller Share Discussion Threads

[polaris] 02/10/2007 15:24

Stinks of typical AIM manipulation. Its been targeted by someone for a shorting attck and the target is likely to be 60p. There is little reason for this to be so low no that all doubts are out of the way and the remaining business is expanding nicely. While it is true that FY2007 will be impacted heavily by the costs of the US farce, that will not affect the numbers going forward. 100k active users and expansion cf 2006 of 46% in continuing business areas are not to be sniffed at - just look at what they had in 2004-5 when they floated for comparison with where business culd head. US customers have got their cash back though at the cost of $135m in fines! Buildings in canada sold and money banked. Revenue from ongoing ops in H2 should come in around $25m, excluding interest etc. However, this is all for nought when the short termers are in town.

regards,

Paul

[kensingtonjack] 02/10/2007 15:21

fx

it's still too expensive on a pe 16, should be about 7. anyway i doubt it, they will make an eps of 4p.

[kanwar] 02/10/2007 15:21

PANIC OVER??? CREEPING BACK UP>>>

[fxdealer3] 02/10/2007 15:19

PE of 16 based on 2008 forecast of 4p

Broker Target price 76p .

Looks like it ran away with itself at 90p plus .

Hope this info helps .

Fx

[kensingtonjack] 02/10/2007 15:18

Dead cat bounce.

[bogg1e] 02/10/2007 15:18

dl. well done mate youre almost at break even already. Good luck.

[davidlloyd] 02/10/2007 15:14

Time will tell - couldn't resist topping up at that level and it had gone into auction...nothing is really making sense with the price action today....

DL

[bogg1e] 02/10/2007 15:11

Nice one dl. Im in at 71p (i had ten minutes to sell at a profit before close yesterday but with the dow doing so well, i assumed we would be up today with the majority of the market) so I have to wait now. Good luck.

[dealy] 02/10/2007 15:10

kens,

it went up on a strong set of results, a strong business performance, 47p a share in net cash and a great outlook as well as analysts target of about 100p.

[davidlloyd] 02/10/2007 15:09

Im in at 63.8p....

DL

[bogg1e] 02/10/2007 15:09

From the statements given by the board i assume yes.

[fxdealer3] 02/10/2007 15:08

Geared positions been forced to close .

My portfolio is all BLUE .Dow at record high .

Looks like resting 50p again.

Anyone any ideas if this business will make profits going forward ?

[jerrymoon] 02/10/2007 15:07

fun n games - the sheep just follow it down. What a bargain, .

[kanwar] 02/10/2007 15:04

massive spread....

[kensingtonjack] 02/10/2007 15:02

This was pumped on false rumour of a bid, now it is tanking. well i am glad i shorted from 92p. well you guys know my target, so i won't say it again.


PS the stampede for exit has not even started yet.

[bogg1e] 02/10/2007 15:01

no idea kanwar

[kanwar] 02/10/2007 14:58

TOTALLY BAZARE!!! whats the news taking this down????????

[dealy] 02/10/2007 14:34

The company had £37m of its own cash (no debt) at the end of June and is about to receive 43m CAD dollars from the sale of some properties giving net cash of about £56m or 47p a share.

And you're shorting it?


From the interims:

Property sales



The Group has received and accepted a conditional Letter of Intent for the
purchase of Calgary property located on 27th Avenue which is expected to lead to
a sale agreement closing in the fourth quarter of 2007. Expected proceeds of
the sale are approximately CAD $39 million. Pursuant to this agreement, the
Group will continue to lease facilities at this location.



The Group has entered into a sale agreement for Calgary property located on 41st
Avenue. The agreement is expected to close on 31 August 2007 for proceeds of
approximately CAD $4 million, with CAD $0.75 million payable as a vendor take
back mortgage over three years.

[kensingtonjack] 02/10/2007 14:14

well well, it is going in the right direction. :)

[davidlloyd] 02/10/2007 14:08

Some real games going on in the share price Cant make it out at all. :-/

DL

[bogg1e] 02/10/2007 13:59

Peter never owned them thx! I have bought into NLR though, i can cover it, gotta t20, so if this is the bottom and i suspect it is, i should be able to make some nice money on this, or rather shares and hold them until things are much brighter. Good luck and like with BLNX a few days back, it could go down further, but my instincts tell me that whether over a short period or over a few months, this is a good buy in price.

Also i have checked the buys vs sells (which is contestable i know) but buys are outweighing sells. having said that buys were outweighing sells yesterday and the share price still got lower. Good luck anyway.

Also the lowest i recall seeing these shares at i believe was about 66p, they have hit 60p before true, but right now they are close to their historic bottom.

[peter119] 02/10/2007 13:50

boggle
did you sell your carter cart shares

[bogg1e] 02/10/2007 13:21

Cheers for feedback. Are we seeing the bounce?