Tungsten Share Discussion Threads

[dollarzpounds] 20/3/2017 14:10

Well if we are about to become India's 'go to' einvoice provider would somebody kindly inform the stock market ?? -4% today .

[bs76] 15/3/2017 20:36

:) yes I was only talking about India. I'm not sure whether tung can gain from it. I was just happy that tung is doing something in India. About tung's revenue - I'm as clueless as anybody else here. I just hope ;)

[dollarzpounds] 15/3/2017 19:53

"Game changing" for India yes BUT is it / could it be a gamechanger for Tungsten ?? Rick Hurwitz also says at the end of his statement " We will continue to expand where we operate in order to fulfil this charge. Watch this space. " Very interesting BUT will this be a costly exercise and therefore push back the 'EBITDA +ve' date ? And when oh when is all this groundwork going to pay off with juicy revenues ??

[bs76] 15/3/2017 14:06

Thx for the article - pkarnezis

"The introduction of the Goods and Services Tax regulations (GST) in India, expected later in 2017, will help to provide a consistent set of tax rules and open up the possibilities of e-invoicing to businesses in the country."

This is a massive change- about to happen around June 2017. You can imagine doing business in India now which consists of 29 states where each state has own tax rules for indirect taxes. Moving goods or providing services inter-state is a nightmare. Country wide GST will be a game changing reform for the Indian economy by creating a common Indian market. It's almost similar to free trade across 29 countries

And Good to hear that Tungsten is already there ;)

[bookbroker] 15/3/2017 12:51

The header needs updating, this co. has performed exactly the opposite to that infernal, the company has shareholders a packet, and it looks like that will continue, a complete and utter dog this has been!

[pkarnezis] 15/3/2017 11:48

This is good news:



First come, first served...

[bs76] 14/3/2017 18:40

Coup is down 11% after first result (since IPO). it looks like same stage as Tung was after IPO with lot of RNS's and losing money.

At $23.80 price=> market cap - $1.2b
fiscal 2016 - revenue $83m, Net loss - $46m
fiscal 2017 - revenue $133m, Net loss - $37m, cash (31st jan 2017) - $201m

Guidance for Full year fiscal 2018:
•Total revenues are expected to be between $167 and $170 million.
•Non-GAAP loss from operations is expected to be between $27 and $30 million.



Revenue has increased by 40% in fiscal 2017 but expenses has gone up as well. Spending a lot on sales and marketing. I suppose they got cash for 4-5 years to turn into profit.

I had made small profits twice on COUP short ;).

[andrewdbl] 14/3/2017 12:55

BS76 ... Thanks

[bs76] 14/3/2017 11:38

I did see Coupa's press release. Caterpillar is still using Ariba for supplier invoicing in US and Tungsten in UK/Poland. Coupa is involved in spend management and it's not replacing tungsten and I was not able to able to figure out which region coupa will be engaged.


I saw the above info on one of the caterpillar's site. I will find that link and post later.

[dollarzpounds] 14/3/2017 09:19

They should be telling us info like this ? One way street . I have been in from the very early days for my pains ( and there have been plenty of those ) and I'm long but I have to admit I am slowly losing my previously unshakeable faith here.

[pkarnezis] 14/3/2017 08:48

Back in June 2014 TUNG had signed up Caterpillar for invoicing to its suppliers across the UK and Poland ( but I notice that last month Caterpillar chose Coupa's "Procure-to-Pay (P2P) solution, which includes global invoice compliance":

It sounds like TUNG lost a valuable customer perhaps? It's definitely getting to be very cut-throat out there... How does one compete with a large, rich company like Coupa?

[dollarzpounds] 13/3/2017 19:55

Shame it doesn't reflect in the share price but then nothing (positive) does ? Should we be EBITDA +ve yet ???

[bs76] 13/3/2017 17:45

Euroclear lending report for feb out

Feb-17 3401653.85 123456058.1 2.76
Jan-17 4700961.36 123333916.2 3.81

Dec-14 6268143.42 100483434 6.24
Nov-14 3686883.3 100503741.1 3.67
Oct-14 4534569.43 99518127.47 4.56
Sep-14 3724597.31 98321185.77 3.79
Aug-14 3485299.33 96471023.85 3.61

Jun-14 3527631.52 96429167.42 3.66

Jan-14 3048438.5 95355672.25 3.20


lowest % ever - even lower than first time it appeared in Jan 14 on stock lending report

[largeronald] 07/3/2017 14:42

Hope this turns out a better natured referendum than the last one :o)

[manics] 07/3/2017 14:35

Us plebs can vote up (green) though cannot vote down. Lets give it a day or two for anyone else to vote if they wish by ticking on my or your reply. If you tick higher than my post the charts stay as is, if not, we go back 8)

[largeronald] 07/3/2017 14:31

Prefer them as they are, personally - but I can't vote because I'm only a pleb...

[manics] 07/3/2017 13:54

I can put them back if you prefer? I only took them down because the ADVFN feeds broke for a few days -so the graphs didn't populate. ADVFN have fixed that issue. Tick this up and I'll take that as the green light to revert.

[andrewdbl] 07/3/2017 13:46

Shame the graphs got changed.

I do not know if anyone else noticed, but the rsi one was/is sort of tradeable.

[bs76] 07/3/2017 08:09

Price down by 5% on 1 share sell :)

[andrewdbl] 04/3/2017 19:05

or snapsten

basically you underline the tension between the valuation of snapchat that has a network of people who do things and tung that has a network of corporates that do things.

[dollarzpounds] 03/3/2017 18:10

Can't we just add 'chat' to the company name and try that ?? " Tungstenchat " £800M market cap right there ! :)))

[bs76] 03/3/2017 12:32

Even the orbian chief (I think somebody posted his video couple of weeks back) mentioned the same issue (to enroll suppliers for finance) and orbian is in this business for over 12 years.

from last half yearly statement
By 31 October 2016, 476 Suppliers had signed a contract to use Tungsten Early Payment (30 April 2016: 361).

115 in 6 months i.e avg of 20 per month :(


Rick has realized this. I suppose that's why he is focusing on network being positive cashflow ebitda, increasing buyer revenue and adding value to network by providing adjacent services. Prabhat Vira is trying different options to increase traction.


If Tung can survive (stay alive) without raising cash and increase revenue to around £35m-£40m. Then somebody will buy this out for 1.20 to 1.50. That's the best case scenario. :)

IMO

[dollarzpounds] 03/3/2017 12:13

Ps the ex soldier is still there as far as I'm aware ??