Neteller Share Discussion Threads

[crosswire] 06/10/2007 09:14

Top industry CEOs talk gaming tactics at EiG

Posted on: October 5th, 2007 by Sandy Lee

This week saw the annual European i-Gaming Congress and Expo in Barcelona, with key industry figures waxing lyrical about the current global climate, new innovations and what we can expect in the future.

The opening CEO panel on Tuesday, October 2 brought together the viewpoints of Andrew Mciver, (CEO, Sportingbet), Petter Nylander (CEO, Unibet), Ron Martin (CEO, NETELLER), Jez San (CEO, PKR.com).

Hot topics included the British Gambling Prevalence Study, the importance of geographical diversification, personalisation of products to suit the changing consumer landscape, and consolidation.

It was proposed a key driver to increasing the acceptance of online gambling would be to acknowledge its part in the entertainment sector and regulate it accordingly.

Andrew Mciver (Sportingbet) felt that the online gambling industry actually came out positively in the UK Prevalence study, although admitted he had only read the executive summary. "If you've got gambling problems, there's a nine out of ten chance that you are playing the national lottery." A recognition which he commented the Government was unlikely to have been pleased about.

Ron Martin (NETELLER) faced inevitable questioning about his eventful year, particularly the repayment of their US client base. He reported that over $74 million had been paid back within 11 days.

When questioned on diversifying into new geographical markets, Ron Martin stated that the Asian market, although a small part of their plan, was definitely desirable. He commented on the regulatory concerns, saying they would be watching developments closely and feels there is "a good reason to be optimistic."

Andy Mciver (Sportingbet) stated that "geographical diversification is key" and that the main requirement for cracking Asia is to work out payment processing options. Petter Nylander (Unibet) then highlighted the importance of a global brand and timings.

Jez San (PKR.com) emphasised the importance of community and personalisation, a topic that became a running theme throughout the conference.

[davidlloyd] 05/10/2007 13:08

Re: Post 21231

Disturbingly I see a mans face on that poor Fijians scrotum....

[moormoney] 05/10/2007 11:59

quiet here today---T/o rumours died down??

[crosswire] 04/10/2007 18:08

NETeller recovery
NLR



Published date:Thursday, August 30, 2007
NETeller (NLR:AIM) – Interims PTP: -$24.7m (£58m) Divi: n/a (n/a)

To understand why online payment processing company NETeller – whose shares only came out of suspension on 25 July – is a buying opportunity, you'll have to look through the events of the past six months and at the remaining business in Europe and Asia.

Last year's crackdown on internet gambling by US authorities wiped out NETeller's largest source of revenue and until only last month there was the threat of prosecution for conspiracy to breech American gambling laws. Since then a deal has been struck with the authorities, as announced on 18 July, whereby if the company meets certain terms of a 'Deferred Prosecution Agreement' (DPA) then all charges against it will be dropped after two years.

Having now also pulled out of Canada, Israel and Turkey, where management believes authorities may also move against gambling, the focus is on Asia and Europe and the latest half-year numbers, by virtue of beating analysts' expectations, are encouraging.

Sales in Europe and Asia were both up in the half-year period by 46% at $21.2 million and $5.4 million respectively, prompting a 60% upgrade to 2007 pre-tax profit forecasts from analyst Richard Carter at independent broker Numis.

Carter, who is now pencilling in $4 million this year compared to $2.5 previously, has increased his 2008 number by even more, replacing his $5.3 million pre-tax profit figure with $9 million, adding the numbers give 'comfort on cash flows from the ongoing business.'

The business, which would have broken even in the first half but for $24.7 million of exceptional costs, will benefit from reduced costs in the second half (staff numbers are down considerably) and margins should begin to recover.

Shares says: From a high of 430p last September, the shares have sprung back to life from a low of 60.5p on 8 August and should continue on up to 100p.

by: Simon Keane

[loverat] 03/10/2007 12:04

Looks like one of those adverts on TV Gold.

[dan1man] 03/10/2007 11:57

Hmmmm, I don't like that comment on Asian markets. My optimistic outlook on this company was in large part based on the huge growth potential in that region.

My price target needs to come down dramatically :>(

[upside potential] 03/10/2007 11:38

averaged also - billy big balls me

[baghdad bomber] 03/10/2007 11:35

Long again here

[britishbear] 03/10/2007 10:42

Neteller boss man talks a little at the Barcelona conference.

Appears fairly confident.



-------------------------------------

Neteller:

Martin made the understatement of the morning when he said that the past year had been unexpectedly unchallenging for Neteller and not much fun. The brand had been damaged and repair work was in progress he revealed.

Because of the unique and dangerous circumstances in which the company found itself in the issue with the US Department of Justice, it had been constrained in what it could do and say, and this had had an adverse effect on how it was perceived. However, the payouts to American players was largely completed, the negotiations completed and the company was moving forward with optimism and sound fundamental strengths.

later on Asian markets:

There seemed to be general agreement that the Asian market presented unique problems, evidenced by the many less than successful attempts to penetrate it over the past three years. Martin remained optimistic of Neteller's efforts, although he commented that financial systems were still immature, and similar shortcomings were present in South America.

[kanwar] 03/10/2007 10:34

Talk about manipulation..!! LOL..

[25cent] 03/10/2007 09:31

looks like a few shorts are rushing to close?

[dealy] 03/10/2007 08:31

hey Kensington:

dead cat bounce?

Only insane shorting took this down to 61p yesterday.

back to 90p next week.

47p a share net cash if you include the 43m CAD proceeds from property sales.

[crosswire] 02/10/2007 18:19

Blue day tomorrow for NLR...

Looking ahead, Martin said the company will initially focus on its core
market of online gaming and, in the medium term, will look to add further
offerings "that add value to the e-wallet proposition such as payment cards and
other payment features".

"We believe online payments is a rapidly growing market and Neteller is well
positioned to benefit from this," said Martin. He added that the board "looks forward to the next six months and beyond with confidence about the group's prospects".

During the first month of the third quarter, Neteller said it had
experienced seasonal trends observed in previous years. It said July was a "relatively flat" month with unaudited revenue of about 5.6 mln usd and for the first three weeks of August average daily fee revenue amounted to 96,365 usd per day. Sign-ups for the period from July 1 to Aug 21 averaged 801 per day.


Numis Securities said today's results and current trading were ahead of its
expectations. The broker, subsequently, reiterated its 'buy' recommendation on
the stock and upgraded its price target to 102 pence from 90 pence previously.

Numis also lifted its 2007 pretax profit forecast to 4 mln usd from 2.5 mln
usd previously, and its 2008 pretax forecast to 9 mln usd from 5.3 mln usd
before.

For 2009, it anticipates a pretax profit of 14.1 mln usd, up from its
previous forecast of 9.6 mln usd. Numis analyst Richard Carter thinks todays results will be "well received" by investors and that the shares will gain as the market gets "visibility and comfort on the cash flows from the ongoing business".


Daniel Stewart also repeated a 'buy' recommendation and raised its target
price to 90 pence from 76, highlighting the strong first half growth in Europe
and Asia, "solid" current trading, recent strategic investments, planned product
development and possible share buybacks.

[crosswire] 02/10/2007 17:09

The Company will announce its third quarter trading update for the 3 months
ended 30 September 2007 on Tuesday, 6 November 2007.


Should head back to 90p!!!!!!!!!!!!!