RE: Nice little article30 Oct 2013 11:35
Have been following these for a while.
In Feb 2011 Netteller (then called Neovia) took over Optimal Payments. This boosted their processing revenues from £17m in 2010 to £87m in 2011 and then £139m in 2012, (£90m Ist half 2013).
At same time their Netteller (e-wallets) revenue stayed around £40m (£44m, £40m, £39m) but this year saw increase from £16m Ist half 2012 to £28m 1st half 2013 due to 'new initiatives' -mobiles/foreign.
If we see the processing revenues continue to grow at these sort of rates and thats combined with a massive jump in the e-wallet business due to american poker/mobile growth etc the shares should really motor.
I hope so they owe me from 2006 !