Updates

NETeller - Moves into dynamic Asian market

April 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.

The shares surged to a new high of 762p on the news that NETeller has acquired Quick Access, a Macau based debit card payment processor, a deal which represents the group's first move into Asia and provides a foothold into the potentially huge Chinese gambling market. Quick Access, which cost an initial US$7.5m (£4m), was established two years ago and currently makes net profits of around US$0.5m through processing 50m transactions a year. NETeller initially plans to integrate a simplified version of its e-wallet with Quick Access but will encompass the full multi-currency NETeller system in due course. This deal could provide lucrative opportunities for NETeller, with independent market forecaste ...

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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.

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