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TUNG Tungsten Corporation Plc

54.60
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tungsten Corporation Plc LSE:TUNG London Ordinary Share GB00B7Z0Q502 ORD 0.438P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 54.60 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
54.00 55.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 54.60 GBX

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Date Time Title Posts
20/5/202215:06Tungsten Corporation -the vision, the flair, the drive8,061
06/9/202121:53TUNGSTEN CORPORATION PLC ORD 0.438P2,537
22/7/201802:38Tungsten (TUNG) One to Watch on Monday -
26/11/201419:22The Tungsten Thread3
21/8/201414:58*** Tungsten ***41

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Tungsten (TUNG) Top Chat Posts

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Posted at 12/5/2022 12:45 by pkarnezis
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):
Posted at 24/3/2022 08:50 by pkarnezis
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...
Posted at 24/3/2022 08:15 by pkarnezis
Fun fact: certain ex-TUNG people work at Pagero.
Posted at 15/3/2022 09:00 by pkarnezis
I see COUPA is having its TUNG moment of late...
Posted at 22/2/2022 21:39 by paulp559
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.
Posted at 21/2/2022 12:07 by andrewdbl
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.
Posted at 10/2/2022 17:51 by paulp559
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.
Posted at 13/12/2021 14:43 by andrewdbl
TUNG's mcap is ~40m.
AMZN could buy TUNG from petty cash.

I am guessing that they did not because the deal does not leave much money on the table for TUNG.

It appears that Sage iCompleat is already operational and does similar things.

One day TUNG will make a profit...
I have been saying this since 2013/14.
One day I will be right
Posted at 03/12/2021 07:13 by farrugia
there it is!!

Tungsten network selected by Amazon Business to support automated invoice processing for joint finance and procurement customers

Tungsten Corporation plc (AIM: TUNG), a leading provider of digital financial management and software solutions, has been selected by Amazon Business to support its global e-invoicing program in Europe and the U.S.

The partnership will enable customers to automate the processing of Amazon Business invoices via the Tungsten e-invoicing network. The integration makes use of Tungsten's Accounts Receivable solution and automates invoicing processes, saving both time and effort for customers.

Paul Cooper, CEO of Tungsten Corp plc, commented, "We are delighted to work with Amazon Business to enhance our value to current and new customers, t his is the future of digital procurement . Tungsten offers customers the flexibility to integrate with any procurement platform and the ability to deliver exceptionally high levels of straight-through processing."

Nabil De Marco, Director for Amazon Business Europe, commented "At Amazon Business we are always looking for ways to further improve our customer offering. Through this partnership, we are excited about supporting our customers to digitize their procurement processes, lower their overall cost of operations and boost their efficiency."
Posted at 07/6/2021 07:23 by luddenden7
a bit light on numbers but this is a huge win for Tungsten. It must be ADP surely, $14bn annual revenue would point to the company.

GLOBAL HUMAN RESOURCES SOFTWARE LEADER SELECTS TUNGSTEN NETWORK FOR STREAMLINING ACCOUNTS RECEIVABLE



Tungsten Corporation plc (AIM: TUNG), a leading provider of digital financial management and software solutions, has been selected by a global human resources software leader ("the Customer"), whose turnover is $14bn, to support its new e-invoicing initiative in Europe and the U.S., with over 650K invoices in scope, underlining the growing momentum of customer's taking Tungsten's Total AR solution.

The Customer's 16 European entities will use Tungsten's Total AR solution to streamline and digitise its accounts receivable processes. In the U.S., the solution will allow the Customer to send invoices to its customers via the Tungsten Network, eliminating manual invoice entry systems. Anticipated benefits include productivity gains via process standardisation, resource efficiencies, and new operational capabilities.

The Customer is one of the largest global automated payroll providers, whose solutions are used by some of the biggest companies in the world. This deal will see Tungsten implement their Total AR solution for the Customer in the U.S. and Europe.
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