Updates

NETeller - Durlacher sets 700p year end target

February 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Neteller has issued a pre-close statement ahead of results on 5 April. This stated that the number of users of NETeller’s e-wallet grew from 1,060,167 in September to 1,251,000 as at the end of December. Average new accounts opened during the year was 1,821 each day, an increase of 100% over 2003, with the average in Q4 being 2,072, up 94%. Meanwhile, average daily receipts from members was US$2.3m, up 19% on Q3 and up 109% on a year ago.Durlacher has also issued a note, commenting that the current PE of 16 (at 447p) is low for what is a geographically diverse non-site specific way of playing the growth of online gaming. They suggest a PE of 25 and a price target by the year end of 700p. At that price, NETeller would enter 2 ...

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Future

Parkwood - Bullish on prospects

NETeller (August 2006)

NETeller (April 2006)

NETeller (February 2006)

NETeller (December 2005)

NETeller - Forecasts raised 33% for next year (September 2005)

NETeller - Looks well placed to meet forecasts (June 2005)

NETeller - Next move may be South Korea (May 2005)

NETeller - Far East move imminent (December 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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