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View Poll Results: How many NETeller Shares do you own ?

Voters
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  • less than 100

    32 65.31%
  • between 100 & 300

    4 8.16%
  • between 300 & 500

    4 8.16%
  • between 500 & 700

    0 0%
  • between 700 & 1000

    0 0%
  • between 1000 & 2500

    2 4.08%
  • between 2500 & 5000

    2 4.08%
  • between 5000 & 7500

    0 0%
  • between 7500 & 10000

    0 0%
  • excess 10,000

    5 10.20%
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  1. #31
    Contributor pec2003
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    I have been going on about NLR shares for some time in the Casino Crazy forum, now looks like some people are getting into them on here.

    I am going to increase my holding in NLR buy 1 or 2 thousand shares early this coming week depending on weekend press/ monday`s movements.

    I did halve my holdings at £5, luckily the money went into DA. (I started a seperate thread) that have gone from 240p to 403p. Talk in the city is they are destined for £10.

    Neteller`s short term target is £7 with a long term price in the region of £12 but it wont be plain sailing. I once got stung by a shorters attack that cost me £2.5k by stop losses kicking in but thankfully I bought a shed load at 280p and have held them to £5.

  2. #32
    Rpoints Legend Garrett will become famous soon enough
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    Hi Pec2003

    Credit where it's due mate, you certainly did do everything possible to get us to look at these early .... thanks

    I'd have a concern that there will be some profit taking here sometime around announcemet of results in early April, although their dividend policy should be very interesting in determining the transaction level.

    One thing for sure, the business model is currently a cashcow and certainly No 1 in the gambling industry online (which in turn is considered the No 2 business on the net behind Porn, as I have it).

    I'm in

  3. #33
    Contributor pec2003
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    Neteller have the prospect of also being used to fund access to porn sites.

    People dont like to give their credit card numbers to these `shady` operations so Neteller would be the perfect means to pay for `services`.

    The whole gambling sector has been rocketing recently and much of my funds are currently in gambling related shares.

    It is ironic in a way that most of my capital has come from bagging casinos. Now my capital is being invested back into the casinos.

    I have heard the figure of £12 quoted for NLR price target.

    The way the markets are at the moment I just dont have enough cash to follow everything I want to follow.

  4. #34
    Contributor Mashed
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    Bring on the porn!

    If its doing this well from the No2 web business what can it do with No1.

    622 today, 1000 now worth 1133 in 9 days, my first share deal Im buzzing might give up casino's and start investing in them instead.

  5. #35
    Contributor pec2003
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    When, not if, NLR drop, you need to decide whether or not to hold long term.

    You can risk selling with the hope to buy back cheaper or just stay in an weather it out.

    Weaker holders sell fearing a crash in price onky for it to bounce back. This is known as a tree shake by the market makers.

  6. #36
    Rpoints Legend Garrett will become famous soon enough
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    Well,

    Lets hope what we have seen in the last part of this week, is no more than a few people shaking the trees then

    I reckon the level of daily trades can also be a helpful indicator, with low level trades suggesting that sellers of the share don't beleive the share is worth the current price & will only consider selling if the price goes up.

    With results not due until the first week of April, I am hoping for a little more uplift yet, I must admit .. although profit taking must figure sometime soon, if we have not already seen the start of it.

    Come on one of you "Big banks", make a bid for NETeller and drive the share price up to £7 for me pls

  7. #37
    Contributor pec2003
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    I have stuck quite a bit into SBT in the run up to the results this week.


    These were 300p a couple of weeks back but fell to 266p. I topped up at 267.5p and have seen a bit of a push towards the old high.

    I am hoping for more tomorrow.

  8. #38
    Enthusiast trainonthebrain
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    Any reason for the current downward trend? Is it just pure profit-taking or is there more to it?
    IM IN UR FORUMZ EXPRESSIN MI OPINIONZ

  9. #39
    Contributor pentangle
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    My own reading is that I was very surprised when they continued all the way up to 640 hardly pausing breath on the way. It means they have come all the way up from about 360 in one go.

    In any market you will have some people who are much more short term holders and will want to protect profits ....... and lots of people have made lots of profits here. Hence any short term holders who did not sell above 600p will be scurrying to protect what profits they have left which may reduce the price further.

    Personally I think this potentially has a long way to go. I have not sold any and will add if they get to about the 530 level (though I already have a shed load). I would be very disappointed if they sold out at £7 as I think they have a lot further to go than this in the longer term.

    For your entertainment here is the chart over the past 6 months. The chart reads that there is some support at about the 530 level should the fall continue.


  10. #40
    Contributor pentangle
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    A very significant announcement today which has pushed Neteller back to its all time high of 640. This is their first move into Asia as they look to replicate their highly successful model in a huge marketplace. Something to add some short and long term excitement to the shares.

    03 March 2005

    NETeller completes first Asian acquisition



    London, England - 3 March 2005



    * Acquisition of Quick Access, a Macau based debit card payment
    processing company.

    * Total consideration of USD 12.5m (GBP 6.6m) in cash payable over two
    years.

    * One of several initiatives that NETeller expects to complete as part
    of its expansion programme in the region.

    * Asia Vice President & General Manager appointed.



    NETeller Plc ("NETeller" or the "Company"), a leading online money transfer
    service provider, announces that it has acquired Quick Access International
    Company Limited ("Quick Access"), a debit card payment processing company
    beneficially owned by CTM, a Macau telecom service provider. This strategic
    acquisition facilitates the provision of NETeller's payment services to China.
    Quick Access has developed strong partnerships in China that provide robust
    access to the Chinese payment network. As a result, Quick Access is the
    preferred payment processor of its type and has been the first choice for those
    of NETeller's registered merchants that are developing services in China.



    The maximum purchase price of the acquisition is MOP 100 million (USD 12.5
    million or GBP 6.6 million - see note below). Sixty percent of the purchase
    price was payable on completion, and twenty percent of the purchase price is
    conditionally payable on each of the first two anniversaries of completion (3
    March in 2006 and 2007) subject to Quick Access maintaining contractual
    relationships with certain key business partners.



    Quick Access was started two years ago and currently processes approximately USD
    50 million of debit card payments annually. As an already profitable company,
    the strategic acquisition of Quick Access is expected to be earnings enhancing
    in the current year.



    Initially, a simplified e-wallet that is independent of NETeller's e-wallet will
    be integrated with Quick Access. As experience in Asia accumulates over the
    coming months and following internationalisation of NETeller's primary payment
    platform to accommodate Asian languages and currencies, it is planned that the
    Quick Access payment platform will be fully integrated with NETeller.



    This acquisition, coupled with the appointment of Mr Benjamin Lee to lead
    operations in Asia, provides the Company with an important business base and
    infrastructure in Asia. Mr. Lee is appointed as Vice President & General
    Manager - Asia, and is a former payment industry executive and former Deputy
    Trade Minister for the Hong Kong government.



    Gord Herman, CEO of NETeller plc, stated: "Launching our services in the Asian
    region is our highest strategic priority at present and we have therefore been
    very busy with preparatory work on several fronts. By integrating an e-wallet
    payment platform with Quick Access, NETeller expects to generate significant
    growth in its processing volumes and profitability.



    The acquisition of Quick Access is one of several initiatives that NETeller
    expects to complete as part of its multi-year Asian expansion programme".



    Note: Based on exchange rates of USD 0.1245 and GBP 0.06535 respectively per MOP


 
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