Neteller - Will they take Europe by storm as well?

Numis Lifts Neteller Target Price To 1050p


These broker recs to be read in conjuncture with Beau's post #12424
Good Luck ;-))



Wednesday, November 23, 2005 6:08:37 AM ET
Dow Jones Newswires



0947 GMT [Dow Jones] Numis lifts Neteller (NLR.LN) target price to 1050p from 1000p. Ups 06 pretax estimate by 4% to $151.7M with EPS of 111.1 cents to reflect a lower operating cost assumption and lower bad debt charge assumption. Keeps 05 pretax profit at $96.7M but cuts EPS to 71.5 cents from 72.6 cents. "An enviable track record and expertise in securely processing licensed online gaming transactions worldwide, a strong management team, 33% compound forecast EPS growth over the next three years and a compelling valuation underline the group's attractions. Buy rating. Shares +1.7% at 667p. (DWE)