Tungsten Share Discussion Threads

[manics] 08/8/2016 08:34

Similar to Friday (which was AT bot buying). Not sure the right shoulder constitutes though if it does imo we're breaking out of an inverse H&S. Could spell further rises if so.

[togglebrush] 08/8/2016 08:31

Morning spike with high volumes so far ???

[manics] 05/8/2016 09:27

Sun's out TUNG's out.

[andrewdbl] 01/8/2016 20:55

Ta

On the theme of mistakes, just got some TNI - a mirror image of TUNG in that it throws off lots of cash now and its future probably is relatively short (and a punt on interest rates that apply to pension funds will not fall much).

[andrewdbl] 01/8/2016 09:13

What confuses me is that in a negative interest rate environment,
surely you want to pay _early_ and receive payment _later_

Meant partly in humour,
as a small/medium Co probably gets the same credit rates as a someone with a high-middle credit rating (~3-15%)

... but in a v.v. big co a very odd tension may be developing

More on-topic:

What confuses me even more is how the share price can move ~5% on a volume in the 100s.

[manics] 31/7/2016 17:02

Small wonder Tungsten fancy their chances in India.

[bs76] 29/7/2016 09:02

Thx manics

[manics] 29/7/2016 05:49

bs76: IR are telling me they just pull from TR-1's. Hard to see that's the case when the Hadron holding is just 4 days old. I've picked it up (again) with IR who always come back to me same day. Will let you know.

[andrewdbl] 28/7/2016 16:56

It must be the prospect of getting a free pen.

[bs76] 28/7/2016 16:05

and they still wrong about Hadron :(

[bs76] 28/7/2016 16:03

manics, Tung site has been updated- so they were wrong before on Ed's holding

hxxps://www.tungsten-network.com/uk/about/investor-relations/significant-shareholders/

[edwardt] 28/7/2016 10:57

hadron out at 60p would be my guess.

[manics] 28/7/2016 10:43

Such is life edwardt. Rick has a load of options vesting +200p though, so much work to do.

EJ: good to see you.

[edwardt] 28/7/2016 10:05

don't you love how they buy after the options have been struck at a low. got to love these city gents.

[investment dave] 28/7/2016 09:43

Looking good here

[chemistdude] 28/7/2016 09:31

Richard Hurwitz maiden purchase of 50,000 shares.

[manics] 28/7/2016 07:34

Edi's either added around 1.5m net (re-distributed between CFD's & shares), or the information published at Tungsten was bogus and he's added 1.7m shares and around 4m in CFD's. I have asked IR for clarification.

[manics] 28/7/2016 07:12

The information in the Edi RNS this morning doesn't match Tungsten's significant holdings page.

Situation previous to the triggering transaction (shares)
RNS
16,051,988
Tungsten website
18,566,388

So I dunno. Anyway, it appears Edi's taken out (added) around 1.5m through CFD's -net, if this Tungsten website was correct prior.

[twistednik] 27/7/2016 18:09

"Nicholas Parker, Chairman, bought 150,000 shares in the company on the 25th July 2016 at a price of 43.00p. The Director now holds 500,000 shares."

Statement of intent and boost to the shares...

[andrewdbl] 27/7/2016 13:15

Even with a magic pen, I do not 'get' the entirety of the statements on the RNS (- and the call I listened to last night)

I am having trouble reconciling

(a)
Committed to achieving monthly EBITDA breakeven during calendar 2017, with precise month dependent on the phasing of new customer and product sales

(b)
Expect FY17 EBITDA loss of between £12 million and £14 million

c)
As we look to the year ahead, we have identified the initiatives to achieve monthly EBITDA breakeven by the end of FY17 .. we will not surrender future growth for the sake of reaching monthly EBITDA breakeven by the end of our financial year in April. We will be prepared to achieve this landmark later in calendar 2017 if we believe to do so is in the best interests of sustaining long term profitable growth and the creation of shareholder value.

(d)
We have identified the initiatives to achieve monthly EBITDA breakeven by the end of FY17

To achieve the above, at some point between 30/04/17 and 31/12/17 costs will = revenues

Year to 30/04/17 guidance:-
Expect Revenues >= 30m
Costs expected to be less than '16
54.3m (FY16 costs) -2.0m (bank) -6.8m (bank impairment) -4.4m (one-off) = 41.1m
and further unspecified measures - call it 39m or 3.25m per month
revenue growth 15% (30m/26m)

so from the guidance
the _rate_ of income on 30/04/17 will be about 2.3m pm

we know the cash burn is about 1m pm atm.

No matter how I look at it they need to find 10m pa from somewhere - from revenue or costs.

There are a number of statements saying it will be so, but I cannot see how it will be so.

[edwardt] 27/7/2016 11:15

i still use the pen on a daily basis, it is a thing of beauty.