Tungsten Share Discussion Threads

[edwardt] 20/5/2022 16:06

as far as i am concerned they can keep going till 400p lol

[edwardt] 20/5/2022 15:28

not sure how many times they keep going back and forth until one wins? could it go to sealed bids??

[edwardt] 20/5/2022 15:05

i would prefer 60 p

[pkarnezis] 20/5/2022 14:46

Kofax: 55 pence in cash - nice.

[pkarnezis] 12/5/2022 13:45

Maybe a few more pennies could still be squeezed out of the bidders... After all, Basware is about to be acquired by a premium of 94.7% over the pre-offer closing price (on 13 April):

[edwardt] 29/3/2022 13:02

market clearly thinks we are moving into a bidding war of sorts..

[pkarnezis] 24/3/2022 08:50

It'll be a big burn for most of the old guard still left (not many?), I suspect. With an average of 59p (averaged down over time), I'll still make a hefty loss after 7 years locked in here, stubbornly. But after it touched 19p sometime ago and having watched competitors steam ahead in terms of market share (albeit without making any profit so far either), I wrote it all off, and every penny this makes me now feels like a "profit" of sorts...

[manics] 24/3/2022 08:25

pkarnezis: 8)

There was a time I hoped to sell my holding for 1000p. I got 63p in the end! A big burn this was for me, some years ago now.

[pkarnezis] 24/3/2022 08:15

Fun fact: certain ex-TUNG people work at Pagero.

[pkarnezis] 24/3/2022 08:08

Not so fast, Manics..., Pagero 45p!

[manics] 24/3/2022 07:35

42p cash offer, and so the story ends.

[edwardt] 22/3/2022 16:46

looks like it is all but a done deal

[mortimer7] 21/3/2022 11:51

Latest PUSU deadline tomorrow. 4th (?) time lucky!

[pkarnezis] 15/3/2022 09:00

I see COUPA is having its TUNG moment of late...

[paulp559] 22/2/2022 21:39

55p feels a distant dream. IMO Bromovsky was not a passenger, he led strategy according to the RNS's and they missed the boat, should have taken e-proc seriously to compete with Tradeshift et al. At 34-36p share price, offer in early 40's seems more plausible, even if other bidders involved in the hope of driving price up. Notable absence of any new wins, worrying given the recent NTT lost and presumably the impact of the Nestle loss being felt. Feels like quite a hill to climb to hit the numbers they have guided to.

[edwardt] 22/2/2022 18:34

Hold out for 55p at least I say

[andrewdbl] 21/2/2022 12:07

Tung and its predecessor OB10 (?) have been managed by a succession of people with varying abilities and none have managed to make any proper money.

No comment on Bromovsky's abilities, IMO, he never had a chance.

This business sector (invoice processing) seems to be one where little / no real profits are made.
Tradeshift (who make a profit) look like they focus on supply chain financing. TUNG tried that but did not get far, possibly because TUNG's client list has large companies who do not need that facility.

TUNG is both blessed and cursed by its stellar client list, who no doubt pressure the co to 'do what they do'
I think there is a good business in there but it has not been found yet - much of the share price here and in similar companies is supported by optimism and not free cashflow.

[paulp559] 10/2/2022 17:51

Bid optimism firmly ebbing away. Talk of bidding wars seem far fetched, with a race to a less acceptable price clearly underway! Surely we cannot be far from the hapless Bromovsky being asked to step down one way or the other. Long overdue given his poor performance.

[pkarnezis] 08/2/2022 09:33

Enough already...

[thaiger] 30/12/2021 20:01

Lots of small 'buys' @42p today!

[pkarnezis] 24/12/2021 10:47

It's a definite maybe.

[thaiger] 24/12/2021 10:30

Bid still on??

[pkarnezis] 22/12/2021 11:50

...and then there was one.

[farrugia] 17/12/2021 13:45

is the end game near?

[edwardt] 15/12/2021 10:01

i guess at least this should create bidding war and am not surprised it has flirted with going over 40p today. arb funds will be now involved...