Neteller Share Discussion Threads

[restassured] 22/9/2008 21:28

I have given up analysing,I just abide by Jesse Livermore'e adage

"Just follow the tape."

[25cent] 22/9/2008 18:17

How on earth could they Buy 1.5 million shares at the offer price of 59p ?

[restassured] 22/9/2008 16:43

I am sure they were buys,there are a lot of scared hedge funds out there that have massive short exposure to these types of co's.

the time for the bulls is rapidly approaching.

Historically average length of bear markets is 9 months this has been running for 13 months and is getting long in the tooth.

[25cent] 22/9/2008 13:42

Not sure they are buys,trades of that size can be held back before being disclosed and it would also explain why it gave back 15% in the space of one hour last Friday!

[restassured] 22/9/2008 13:25

I suspect shorters are nervous and quietly trying to buy back shares as the rules can be changed overnight.
I also see accumulation of stock,the mm's probably have a big order (look at the buying volume today)
I think the next few months NLR will be back on the map.
I have heard price targets of 108p

[25cent] 20/9/2008 23:58

It did not jump m8 in real terms the actual close bid price is lower than that on at close on Thursady despite the largest one day rally in history.
At close on Thursday the bid was 56.25p actually higher than the close on Friday.
That was kind of the point I was making.

[welsheagle] 20/9/2008 18:31

It is the state of the market at the moment, 25cent.
There are alot of undervalued shares, but Fridays jump might signal a turning point.

[25cent] 19/9/2008 15:34

Must say its very very disappointing to be up 15% and then end up down on a day like today?
56p on the bid after getting as high as 63.75p on the bid, in real terms all in all a dire performance after the 13p three day fall.

Yet again runs into strong selling, who the hell is selling this consistently with 65% of the share price in cash a vastly profitable operation and new contracts/ deals growing all the time?

[questar2000] 19/9/2008 09:05

Is Neteller on the fsa list of financial stocks?

[25cent] 11/9/2008 10:55

Unlikely? LOL
Well it was announced by RNS yesterday at 4.20pm.

Southern Rock Insurance Company run by Arron Banks and John Gannon did a reverse takeover into Brightside this year.

Moreover Arron Banks has a 2000000 spead bet long on NLR, very very interesting times ahead.

[whatgoesupcomesdown] 11/9/2008 07:20

Unlikely

Brightside Group plc, through its subsidiaries, provides finance rehabilitation solutions to the United Kingdom consumer credit market. It offers its clients a range of financial rehabilitation solutions, including free advice through its free-to-phone debt counseling center, home visitors to assist with the completion of debt information packs, mortgage and loan broking, debt management, corporate recovery and formal insolvency services. The Company operates in four segments differentiated by service lines: Insolvency Services, Mortgages and Loans Broking. Some of the Company's subsidiaries include Brightside Holdings Limited, David & Co Consultants Limited, Brightside Personal Finance Limited, Brightside Mortgages Limited, PB Recovery Limited and Campbell & McDonald Limited. In June 2008, a reverse takeover transaction was completed between Aust Holdings Limited and Brightside Group plc. On March 18, 2008, the Company disposed of the trade of PB Recovery Limited.

Employees
103 as of 31/12/07


Dividend Information
Dividend Yield -
Dividend per Share 0.00
Market Capitalisation
Market CAP (GBP) 79.99 m
Shares Outstanding 326.47 m
Float 65.30 m
Valuation Ratios
Price/Sales 84.19
Price/Book -
Price/Cashflow -
Profitability Ratios (%)
Gross Margin -
Operating Margin -429.89
Net Profit Margin -429.89
Financial Strength
Quick Ratio 0.04
Current Ratio 0.04
LT Debt/Equity -
Total Debt Equity -
Per Share Data
Earnings -20 p
Sales 05 p
Book Value -45 p
Cash Flow -19 p
Cash -
Management Effectiveness
Return on Equity -
Return on Assets -149.84
Return on Investments -


Income Statement
31/12/07
GBP(m) 31/12/06
GBP(m) 31/12/05
GBP(m)
Total Revenue 0.95 0.45 0.59
Net Income Before Taxes -4.08 -2.81 -0.47
Net Income -5.31 -3.94 -0.47
Diluted Normalized EPS -0.20 -0.14 -0.02

Cash Flow Statement
31/12/07
GBP(m) 31/12/06
GBP(m) 31/12/05
GBP(m)
Cash From Operating Activities -4.74 -4.44 -0.79
Cash From Investing Activities -0.13 -0.29 -0.69
Cash From Financing Activities 4.98 4.88 1.67
Net Change in Cash 0.11 0.15 0.18


Consensus Broker Estimates
Forward PE –
Target Price –
Long Term Growth Rate –

Broker Estimates
Consensus High Low Number of Estimates
Sales – – – –
Profit – – – –
EPS – – – –
DPS – – – –

Significant Developments

Brightside Group PLC Announces Completion Of Acquisition Of Aust Holdings Limited And Injury QED Limited; Completion Of Placing
Brightside Group PLC announced that it has completed the acquisition of the entire issued share capital of Aust Holdings Limited and the entire issued share capital of Injury QED Limited. Terms of the transaction were not disclosed. The Company also announced that it has completed the placing of 55,789,474 new ordinary shares, raising gross proceeds of £10.6 million. The shares were admitted to trading on AIM on June 30, 2008.


BRT Realty Trust Announces Resignation Of Finance Director
Brightside Group PLC announced that Paul White has ceased to be a Finance Director of the Company as of March 20, 2008, Paul Chase Gardener the current Chairman will be performing the role of Finance Director.

[25cent] 10/9/2008 20:08

Isle of man financial service group Brightside take 3% stake in NLR.
I dont think NLR will be around too much longer.


Brightside Group plc is one of the fastest growing insurance broking and financial services businesses in the UK.

We specialise in delivering market-leading insurance solutions to individuals and businesses.

We are focused on customer service and operational excellence, adding value for our policyholders and business partners alike across all classes of insurance.

Our insurance activities are complemented by our financial services businesses. The diverse portfolio of products we manage provide innovative collection and repayment solutions that guarantee an excellent customer experience and maximise efficiencies throughout our business.

[powwow] 09/9/2008 14:31

I see NLR are getting into white labelled wallet systems.. Interesting I have to say and just shows how times have changed for the company.

[powwow] 09/9/2008 14:30

Can someone help me.

Quite sometime ago I thought NLR had their own card linked up to the ATM. Is this correct?

Now they have signed a deal with Transend... What does this really mean, does it replace their existing systems they had in place? and is it used via transend simply for payouts>

[kanwar] 09/9/2008 09:38

Whats going on now!!!

[kanwar] 09/9/2008 09:01

Just got back from a five week holiday..and NOTHING HAS CHANGED!!! as far as NLR is concerned...STILL SLEEPYVILLE!!!

[malcolme2] 03/9/2008 09:38

No where does it say the figures are Canadian Dollars, I know it does not make much difference. I would like to see a break down of the regional revenue growth and another point of note is pull out of Yankville and bad debts go down from 6 mill to 30K.

[davidlloyd] 03/9/2008 09:37

Thats certainly the way I see it.

DL

[czar] 03/9/2008 09:31

Looks like these results were actually ahead of the expectations and forecasts have been upgraded, so maybe they will push on now.

[pandide] 03/9/2008 09:05

I can't see anything really negative in the report.

[edcrane] 03/9/2008 08:27

this is from the company's broker this morning .... target price 120p

Strong H1 & outlook, target upgrade
NETELLER has reported interims ahead of expectations. We are upgrading our target price to reflect higher estimates and cash, as well as greater clarity on product developments.
The group announced H1 revenue of $35.9m, representing marginal outperformance against our $35.7m forecast.
The YoY flat revenue against H1 2007 ($35.9m) represents declining interest income (-63% due to disgorgement of funds to DoJ and lower interest rates), offset by solid growth in fee revenue and payment gateway income.
H1 2008 EBITDA of $6.2m is well ahead of our $4.4m estimate due to the marginal revenue outperformance and lower than expected gross and operating costs. PBT of $5.1m was against our estimate of $2.9m.
The significant outperformance at the EPS line (4.22c vs our 1.66c estimate) reflects a recovery of tax payments made in prior periods, implying zero tax in H1 2008 versus our $0.9m forecast.
Following the H1 outperformance and a review of our estimates, we are upgrading our FY08E and FY09E numbers. FY08E EPS increases by 32% from 7.32c to 9.66c (principally due to lower tax), with FY09E rising by 12% from 10.02c to 11.18c.
The group is currently undertaking several projects and product developments (Net+, Newteller and product integration) that should enhance its value to existing clients and facilitate contract wins with new merchants, generating significant shareholder value enhancement.
Following an upgrade to forecasts, projected FY08E net cash of $93m and greater clarity on the group's product development programme, we increase our target price from 100p to 120p.

[restassured] 03/9/2008 07:57

The company has changed tack and looks promising for the future.
Plenty of cash in the strengthening dollar.
Far east looks exciting.

[aspex] 03/9/2008 07:31

That is one opinion.
Another is that they now have a workable expansion path.
Get real. After the previous problems with the US quasi-legal mafioso they should now prosper.

[czar] 03/9/2008 07:19

CAD1.2m profit is below expectations and not very impressive, think these will drop on the open.