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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Fireone - NETeller rival enjoys warm reception

July 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.

  • Epic Code:
  • FPA
  • Price:
  • 300p
Last month's article on NETeller-lookalike Fireone, which provides payment processing solutions to the online gaming industry, looks extremely well-timed. The shares, which were introduced to AIM on 2 June at 241p a share, rose a mouth watering 50p on the opening day, before going on to hit a high of 309p. Fireone's broker, Numis, placed 10m existing shares with institutions, with the remaining 40m (80% of the share capital) being retained by its US-based and NASDAQ listed owner Optimal Group Inc. Market cap at the placing price was £120.5m. When Fireone was established in 1997, it originally provided its online payment services through credit card processing but this activity now only represents 39% of ...

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Related Articles

FireOne - Payments processor good value again (March 2006)
FireOne - Shares have doubled since AIM debut (September 2005)
FireOne Group - NETeller rival eyes float (June 2005)

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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