Tungsten Share Discussion Threads

[bs76] 27/10/2016 14:38

So ED got money from Tung loan to do another fund raising :)

hxxps://www.privateequityinternational.com/news/europe/2016-10-26/truell-seeks-%C2%A3500m-for-third-party-fund-%E2%80%93-exclusive/

"The fund, described by Truell as an £80 million “top-up” fund, will invest exclusively in DCF’s existing portfolio of companies, which are expanding globally and require additional capital to keep growing."

"DCF’s existing investments include e-invoice company Tungsten Corporation, which listed on AIM in 2013, Imagine Publishing, which has just merged with media group Future, vehicle software company Tantalum Corporation, AIM-listed Media Tech Pharma, the Pensions Insurance Corporation (PIC) co-founded by Truell and his brother Danny Truell, and Atlantic Superconnection, which is developing a power sharing project between the UK and Iceland"

"The current DCF portfolio of assets has grown from £80 million this time last year – which at that time was purely Truell family capital – to £190 million, both through organic growth and through £75 million of expansion capital collected from co-investors.

Additionally, DCF is seeking £500 million for a new primary vehicle to invest in new deals. Truell said he is hoping to hold a first close on that fund in November."

[bs76] 27/10/2016 14:35

It's in hand of FCA and PRA. I don't think it will come before 31st Oct

[andrewdbl] 27/10/2016 12:12

Does it really need an RNS?

Given the current company culture,
having announced that something will happen by end October in the AGM etc and then that thing happening in October, they may well choose to not say anything.

- not saying I overly agree with the 'say nothing' approach, just noting that that is the way things seem to be.

[dollarzpounds] 27/10/2016 11:42

Has the carrier pigeon delivering this bank RNS been shot ???!

[bs76] 25/10/2016 16:09

hxxp://www.libertyhousegroup.com/company/management/sanjeev-gupta/

In a bid to further support industry, in late 2015 he also acquired London-based Tungsten Bank and is relaunching it under the name of Wyelands Bank as a specialist provider of financial solutions to commodities, steel and engineering enterprises

[bs76] 25/10/2016 15:51

I agree $£ that TUNG needs few more years.

And cash from bank sale is the key for survival

[dollarzpounds] 25/10/2016 15:36

It would seem to me that the market will not rerate our share price to the positive unless or until we have something substantial to back it up with , by which I mean a strong revenue stream and or breakeven . Reputations take years to build and seconds to destroy and with the shenanigans of the last 24 months it would appear the road to redemption is a long one !I continue to believe the potential here is enormous but I also believe it will be a few years ( 3 - 5 ) before we really start to see things motor. I am prepared to be amazed however !

[bs76] 25/10/2016 15:28

:) interesting

and ed truell's loan transaction date is same as well

[edwardt] 25/10/2016 15:27

guess as it was in the 'public domain' he was no longer deemed inside. I guess with that cash on our balance sheet it will be difficult for us to go bust in short order as per the shorters thesis. if I had some spare cash I would buy a few but unfortunately I do not!

[pkarnezis] 25/10/2016 15:17

Good stuff, bs76. "Tungsten bank will be trading as Wyelands from 14/10/2016" Interestingly, David Williams's share buying also took place on 14 Oct.

[bs76] 25/10/2016 15:08

:) TW and Lucien will be upset as after bank sale tung will not go to zero in 2016.

They will have more than £20m cash on APR 2017 and even with the same cash burn, it should be enough for another 2 years => till APR 2019

and hopefully will be cashflow postive by then

[bs76] 25/10/2016 15:05

and shareprice goes down :)

[dollarzpounds] 25/10/2016 14:51

Top man bs !! Can only hope this reflects well in the share price because heaven knows we have received an almighty beating in the past when the news hasn't been so great.So, now we have this albatross from our necks, let us have some realism - this company is valued around £80m market cap, there are small chains of convenience stores valued at much the same ! Granted it's down to the BOD to start making decent revenues from this proposition but 'More transactions than PayPal' surely deserves a lot more respect in the market ??

[edwardt] 25/10/2016 14:38

bs76 - you are star - well found indeed!

[chemistdude] 25/10/2016 14:03

Excellent detective work bs76!!

[bs76] 25/10/2016 13:55

Good news is on the way.

First from filing history of Tungsten bank in companies house



open full accounts -

page 4 => mentions tungsten bank sold to SKG Financial services Limited
page 8 => Read under "Sale of Bank"

Second check


SKG Financial services Limited changed to WYELANDS HOLDINGS LIMITED

And finally FCA site Updated- check in "Trading/brand names" section

Tungsten bank will be trading as Wyelands from 14/10/2016

hxxps://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000Mf9utAAB


So almost there !!!!!!

[1gw] 24/10/2016 19:09

Just trying to look on the positive side of Edi's loan transaction, I wonder if it might send a signal to any would-be acquirer of Tungsten that Edi is looking to raise funds and therefore might look favourably at a bid pitched at a relatively modest premium?

Or, and this is much more of a stretch I'll admit, what if it was a creative way of raising the funds to take his own shareholding a bit higher ahead of a possible bid for control?

[andrewdbl] 24/10/2016 18:28

Like BS says :- +/-10% on ~4% of trading days.

[manics] 24/10/2016 17:44

..New! ..Colourful! ..Dinosaurs!

[chemistdude] 24/10/2016 17:28

Sphere is obviously smoking something he shouldn't be.

[bs76] 24/10/2016 16:54

:) check the history- this share has lot of 10% up and down days in last 2 years.

No big issue- :)

[sphere25] 24/10/2016 16:38

Easy to be dismissive, but look at how suspect those EFH transactions are: NON-RECOURSE!

Stock starting to crater too - where is this all this selling coming from?

Open your eyes!

No more posts from me or someone will think I have an agenda, or even worse, say I'm Tom W(LOL)

Cheerio!

[edwardt] 24/10/2016 15:43

very helpful now run along.

[sphere25] 24/10/2016 15:33

Wakey wakey folks! This is a backdoor exit.

Truell knows deep down it's all over for the TUNG dream. This stock is the way to the poor house. Save yourself some of your hard earned cash and exit whilst you still can.

The cash burn will continue and you'll end up with nothing to show for it. You're a dreamer if you think anything else is going to happen.

I'm not even short. Just trying to help a few of the rose tinted wearers out.

All imo