Tungsten Share Discussion Threads

[edwardt] 15/9/2020 15:35

odey clearly impatient now. we need some news of big wins that pay today not tomorrow.

[zinzanno8] 07/9/2020 10:17

There is no prospect of a catalyst to drive the share price? The FY21 outlook is just more of the same dependent on COVID impact...I was looking for a strategy around how to grow the business i.e acquisitions. The current model is not going to move the valuation of the business to a PE of around 5-6?

[edwardt] 07/9/2020 08:01

read ok to me.

[netcurtains] 03/9/2020 11:21

Are results due monday?

[edwardt] 21/7/2020 06:28

Let's see if the lemon man can squeeze the pips

[tvh123] 20/7/2020 17:01

hxxps://www.edisongroup.com/publication/resilience-and-promising-partnerships/27317 FY20 trading update: On track Tungsten’s FY20 trading update signalled the group is broadly on track in terms of numbers and strategy implementation. Revenue of £36.8m was up 2% on the prior year or +3% ex-Tungsten Network Finance (TNF) to £36.3m. Adjusted EBITDA was in line with guidance (implying c £2.7m or £3.7m ex-TNF). Net cash at £3.2m was up from £1m at end H120, largely for seasonal reasons, but still ahead of expectation. New sales billings were flat y-o-y at £4m but accelerated between first and second halves (£1.7m to £2.3m) reflecting traction of new products. As planned, the TNF loan portfolio was wound down in June with supply chain financing continued through a partnership with Orbian. A partnership has been established with a major US bank, which could lead to the addition of up to 28 accounts payable customers, and technical integration with Coupa Software’s Coupalink platform has been completed opening the potential for Tungsten to act as an e-invoicing partner to this business spend management platform. Outlook: E-invoicing opportunity remains in sight Over 90% of Tungsten’s revenues are recurring and repeatable, providing resilience. There is still some uncertainty over prospective transaction-related revenue, which dropped post lockdown but is now recovering. Tungsten indicates that if volumes return to pre-COVID levels by the start of H121 then consensus FY21 expectations could be met (revenue c £39m, adj EBITA c £5m). We look to resume publication of estimates later in the year as the situation becomes clearer. On a longer view the pandemic has underlined the benefits of e-invoicing and Tungsten remains committed to delivering the growth opportunity this provides. Valuation Tungsten trades on an enterprise to sales multiple of 1.3x compared with peers Coupa, Basware and Esker on 30.4x, 5.5x and 6.9x respectively. There is therefore significant scope for the valuation gap to narrow as Tungsten provides further evidence of delivery of its strategy.

[pkarnezis] 20/7/2020 16:33

Tungsten Corporation’s CEO Andrew Lemonofides and CFO Chris Allen discuss the business model, the impact of COVID-19 and the longer-term outlook for e-invoicing following the release of the company’s trading update for the financial year ended 30 April 2020. Https://youtu.be/ny8JhQYWOi0

[edwardt] 20/7/2020 15:02

then again we all know that stuff is bullsh!t, right?

[edwardt] 20/7/2020 15:01

amazed no chartists are not here- looks like a classic break out to me. resistance far higher up.

[edwardt] 20/7/2020 13:23

Well done - gotta get velocity of money moving through the economy - just don't pay for it with tungsten stock

[corrientes] 20/7/2020 11:40

Confidence restored is my take. Off to town to do a bit of patriotism by spending some money !

[edwardt] 20/7/2020 10:03

market likes it. i get a sense we on this board have gone through all the emotions possible here and a healthy spate of cynicism usually is the result of dashed hopes but often this is the time the stock confounds investors.

[corrientes] 20/7/2020 08:07

The only interest a shorter has is looking for bad news, but if that doesn't work, say there's no news, even if that's not correct.

[garth] 20/7/2020 07:53

"In July we concluded our largest ever single partnership agreement with a leading US bank. This has the potential to deliver e-invoicing volumes of up to 2.5 million invoices from up to 28 new AP buyers, who in turn will release up to 40,000 new AP suppliers onto our platform. This could significantly expand our active AP buyer portfolio"

[tvh123] 20/7/2020 07:13

Utterly hopeless - virtually non-existent revenue growth, and a baffling reluctance to clearly state ebitda and operating profit/loss figures. FY18 (excluding TNF): Revenue of £33.3m resulted in £10.1m operating loss FY19 (excluding TNF): Revenue of £35.4m resulted in £2.6m operating loss FY20 (excluding TNF): Revenue of £36.3m At least they were cash flow positive for the year. Some decent developments in Q1 offers some comfort. Anyone aware of FY21 guidance?

[edwardt] 17/7/2020 15:50

lets see what monday brings...

[pkarnezis] 06/7/2020 10:29

I've been a holder since 2015, will stay till the bitter (or happy) end... Good luck everybody.

[corrientes] 06/7/2020 10:14

Has disappointed for so long now, that nobody putting any faith in the company, but in these times, the revenue should increase substantially, and if fixed costs come down, then who knows what might happen to the share price, says he hopefully.

[garth] 04/7/2020 15:15

Not exactly old guard, but having sold up I have been back in for a bit. The trading statement was positive. Looking forward to results.G.

[edwardt] 04/7/2020 12:48

I hope the old guard are still here.

[edwardt] 03/7/2020 16:03

trendline broken. we are in the groove for a good run.

[edwardt] 02/7/2020 16:41

odey clearly thinks there is hope.

[edwardt] 27/6/2020 15:35

60p day after results? I wouldn't be too surprised

[thefartingcommie] 18/6/2020 09:01

...as a VERY lth here...I'm always looking for the faintest signs of life...hve to say..what I read(extract below) did not exactly get the juices flowing.Rather feel that the figures due 3rd wk July are going to hve to shoot the lights out to generate any sustained upward movement in share price Revenues remain in line with our YTD Q3-FY20 expectations. Whilst we still expect to show year on year growth in new sales billings, the growth will be below the level that we had previously expected and as a result we are a little more cautious about the outturn for the full year. However, as a result of prudent cost controls, we currently expect to meet EBITDA expectations." hTTps://www.sharesmagazine.co.uk/news/market/6821439/Trading-Update-for-the-Nine-Months-to-31-Jan-2020