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NETeller

February 2006

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.

  • Epic Code:
  • NLR
  • Price:
  • 779p
NETeller has issued a pre-close statement ahead of results on 28 March. This stated that Q4 was very strong in terms of both customer receipts and new customer sign-ups. The number of users on its e-wallet now stands at 2,320,670, up 86% on last year. Average new accounts opened in the year was 2,930, an increase of 61% over 2004. Meanwhile, average daily receipts were US$3.44m, up 90% on a year ago. The shares continue to be volatile but are well supported by fundamentals. Cannacord forecasts eps of 74 cents for the year just ended with US$1.07 this year. A main tip at 305p in Dec.04, gain 132%/Ready for an assault on £10? ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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