image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

NETeller - Canaccord's latest price target is 1125p

March 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:
  • 750p
Shares in NETeller surged back over 850p recently and this performance was fully justified by fourth quarter results, which were ahead of expectations. All the key indicators showed excellent progress with average daily sign-ups from customers rising 55% year-on-year to 3,197, while average daily receipts rose 78% to US$4.2m. Total customers at the end of December were 2,320,670. Interestingly, NETeller believes the forthcoming FIFA World Cup will provide a significant opportunity for additional revenue and customer acquisitions, while the general tone of its outlook statement remains bullish. Full year results are expected on 28 March. Canaccord, now acting as NETEller’s sole broker, has upgraded its 2006 revenue forecasts ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

NETeller (August 2006)
NETeller - Another earnings upgrade (May 2006)
NETeller (December 2005)
NETeller - Shares burst through £9 level (October 2005)
NETeller - Shares poised to surge when PartyGaming floats (July 2005)
NETeller - Average daily sign-ups approaching 3000 members (June 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.

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