Updates

NETeller - Average daily sign-ups approaching 3000 members

June 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.

Flying in the face of some fierce volatility, on-line payment processor NETeller has announced excellent results for the year ended 31 December, with revenue rising 130% to US$82.6m, giving pretax profit of US$45.8m and earnings of 28 cents. Earnings were struck from a tax rate of 28%, but this has since fallen to 10% now that the company has moved its head office to the Isle of Man. Net cash increased to US$77m. NETeller's cost control has been very sound to date, with gross margins holding at a respectable 69.4% in spite of the employee base doubling to 320, spread across offices in Calgary, the Isle of Man, London and Singapore. Bad debts (the single largest cost) held steady at 15.1% and actually fell to 13 ...

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Edinburgh Oil & Gas - 317p-a-share take-over offer

Zetar - Easter trade in line with expectations

NETeller (August 2006)

NETeller - Another earnings upgrade (May 2006)

NETeller - Canaccord's latest price target is 1125p (March 2006)

NETeller (December 2005)

NETeller - Shares burst through Â£9 level (October 2005)

NETeller - Shares poised to surge when PartyGaming floats (July 2005)

NETeller - Moves into dynamic Asian market (April 2005)

NETeller - Shares breach 600p level (March 2005)

NETeller - FSA approval triggers share surge (December 2004)

NETeller - Online payment processor has makings of a multi-bagger (October 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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