Tungsten Share Discussion Threads

[bookbroker] 25/7/2016 10:03

What is the point of this company, Truell had a vision but he must have been looking through those rose-tinted specs. Of his!

[dollarzpounds] 25/7/2016 09:00

If there was such a thing as a 'company song' Tungstens would be 'the long and winding road' .

[manics] 25/7/2016 07:27

So they'll grow revenue 10% next year, seemingly driven by network size and contracts, whilst TEP won't deliver for another year yet (FY18)!Still so much work to do.

[togglebrush] 25/7/2016 07:09

RNS starts
'
Financial Highlights
'
-- Revenue increased 16% to GBP26.1 million (FY15: GBP22.5 million(1) )
-- EBITDA(2) loss decreased to GBP18.7 million, a GBP6.5 million improvement from prior year (FY15: GBP25.2 million loss(1) )
-- Statutory loss after tax of GBP27.9 million (FY15: GBP27.6 million(1) ), including a GBP6.8 million impairment following signing of a conditional agreement in December 2015 for the sale of Tungsten Bank
-- Net cash and cash equivalents ended at GBP9.3 million (30 April 2015: GBP13.1 million), excluding GBP17.8 million of cash in Tungsten Bank
-- Sale of Tungsten Bank expected to close by 31 October 2016 to release cash of approximately GBP30 million
-- Successful placing of 22.9 million shares to raise GBP17.5 million of new funding in May 2015
-- Agreed GBP10 million revolving credit facility with HSBC should Tungsten Bank sale be unexpectedly delayed
;
Operational Highlights
'
-- Strengthened board and enhanced executive management team under new CEO Richard Hurwitz
-- 34 existing buyers renewed contracts with weighted average price increase of 64%. Four further renewals after the year end at similar increases
-- 11 new buyers signed for contract value of at least GBP1.9 million; 175 total buyers
-- 22,000 net new suppliers added to bring total suppliers to 203,000
-- 1,000 new Integrated suppliers connected to Tungsten Network, generating aggregate revenue of GBP1 million in first year of contracts, and a further 24,500 Web Form suppliers added
-- Total invoice volumes increased 9% to 16.1 million (FY15: 14.8 million)

[chemistdude] 24/7/2016 22:37

TUNGSTEN Final results

Tungsten will announce its final results for the year ended 30 April 2016 on Monday 25 July 2016 when management will host a conference call for investors and analysts at 9:00am UK time.

To access the webcast please visit here:


The dial-in number for the conference call is [phone] / [phone] with the access code 5929655# and a presentation will be available on the Tungsten website:

A replay facility will be available until Friday 5 August 2016. The dial-in number for the replay facility is [phone] / [phone] with the above access code.

Alternate Login
UK Toll Free: 0808 109 0700
USA Toll Free: 1 866 966 5335
Standard International Access: [phone]
Password: Tungsten

[manics] 22/7/2016 16:06

Isn't that an NT definition?

[pkarnezis] 22/7/2016 15:53

I guess it was a block trade (privately negotiated, executed outside the market), to avoid a big move in the price. A broker accumulates the position through a series of smaller trades over days (weeks?), and then sells the block to the customer at a price that is the volume-weighted average price of all the smaller trades.

[manics] 22/7/2016 13:16

Something to consider though; that one can seemingly trade nearly two weeks volume within the spread.

[dollarzpounds] 22/7/2016 13:12

Great work Manics

[manics] 22/7/2016 12:24

Large O trade (reported sell), a buy, going by the spike.

12:11:25
43.00
1,256,097
£540,122

[keyno] 21/7/2016 22:13

andrewbl:"I look to what the banks did to make money as the US west was opened up..."

....which was what? Lending money to the shovel and sieve manufacturers in the gold rush areas e.g. you mean? Please explain.

[andrewdbl] 21/7/2016 10:15

Keyno,

No probably the first sight of Pozzo, still waiting and I expect that after Monday we will still be waiting...

On Fintech, I strongly suspect any successful fintech business will morph into a bank as those regs and business processes that apply to banks are not there for fun.

On banks, yes, they will change, for a steer, on the assumption that int rates remain 0- negative for a long time,
I suggest looking into the past.

If the central bank charges you to hold your cash, and the only way you can make money is to take a risk with lending to businesses that throw off cash,

I look to what the banks did to make money as the US west was opened up...

[keyno] 20/7/2016 19:55

Banks, like the poor will always be with us, Manics. They may morph into something else in many decades time but for now......

I expect even the Messrs Truell keep their money in a bank!

Have a good summer yourself.

[manics] 20/7/2016 19:22

Keyno!

I wondered onto (one of) the LLOY board boards relatively recently -let me tell you I had a smile on my face you rascal; you kept that one quiet! I think perhaps we'll both have the time to loose ourselves in Beckett as you are perhaps beginning to suspect.

Banking stocks are doomed old boy - and long live hashtag fintech! (I've not touched LLOY though appreciating the price action at BARC since 220p).

Nothing much happening here until next year in my view, and yes, it's all taking so very much longer than the 'investor vision' two years ago. Painfully obvious in (20/20) hindsight.

Have a great summer 8)

[keyno] 20/7/2016 18:09

Was that Estragon I just saw, peering over the top of the charts up there?

[dollarzpounds] 16/7/2016 16:53

Death of a thousand cuts or the foundations of an empire..........? Time will tell . ( hope it's the 'empire'!! £££)

[togglebrush] 16/7/2016 14:35

For Interest only
'
LAST Week it was 1,000 actual days since the IPO on 16/10/2013

[andrewdbl] 15/7/2016 11:31

Interesting to see HLAM - I am sure that value has risen over the last 12m or so
and only a tiny part of that would be me.

[manics] 14/7/2016 18:31

Total holdings over 3%:
95,830,054
76.02%

[chemistdude] 13/7/2016 13:09

"Best SME Financier: Tungsten"

[edwardt] 12/7/2016 12:41

smoking the funny stuff again? lol

[andrewdbl] 11/7/2016 22:38

In other news #3

(Overheard conversation in a nearby park)

Charming spot. Inspiring prospects. Let's go.

We can't.

Why not?

We're waiting for TUNG.

Ah! You're sure it was here?

What?

That we were to wait.

He said by the tree. Do you see any others?

What is it?

I don't know. A willow.

Where are the leaves?

It must be dead.

[andrewdbl] 11/7/2016 22:23

In other news #2

Reading about Hadron (who I have never heard of)

hxxp://www.hadroncapital.com/investment-philosophy

"Central to Hadron’s investment methodology is the combination of bottom-up fundamental analysis with the ability to invest in value with catalysts situations across the capital structure of companies."

hxxp://www.hadroncapital.com/pdf/Hadron_Capital_UK_Stewardship_Code_Disclosure.pdf

"Our typical holding period is between three and six months and so we are not typically long term investors."

... so they take short term punts where they think something is going to happen.

[andrewdbl] 11/7/2016 22:17

In other news #1

TW bearcast 11/07/16 stating that it is questionable whether TUNG will ever reach profitablilty and probable it will run out of money.

(just for the record, placing no value on this either way)