Tungsten Share Discussion Threads

[inoils] 13/4/2021 09:26

Can someone explain why Tungsten would put out today's news of a new customer win (NTT - a leading global technology services company)as a low-key non-reg RNS rather than a full RNS? I almost missed it!

[andrewdbl] 07/4/2021 13:56

18% down because this - a reduction in income of ~1.8m tips them firmly into loss-making and there is little chance they can cut 1.8m of costs. I think the jam is going mouldy. Some here may be hoping for a trade sale / takeover. This may happen but, how will the purchaser make money from that purchase? The tung management may not be the sharpest, but have had a lot of time to work out how to make a profit and this is where we are. [disclaimer: sold out for a *massive* loss ~Dec 2019]

[westham2017] 24/3/2021 17:10

Bought at an average price of 31p, sold today at 29p based on yesterday's latest disappointment. There are far better companies to put my money into...

[tvh123] 23/3/2021 19:53

The level of markdown isn't a surprise given the track record of disappointing updates and an inability to materially grow the topline. 1x sales seems about right until this changes

[edwardt] 23/3/2021 15:56

only on 1 times sales so would expect this to be down probably 7% not 18%,

[cc2014] 23/3/2021 15:08

The share price reaction seems a bit harsh.

[pkarnezis] 23/3/2021 14:33

This time next year, Rodney... Https://www.youtube.com/watch?v=OxLrsn9ZsiQ

[sphere25] 23/3/2021 14:32

Jam, jam, jam, jam, jam....jam....jam...jam..........jam......jam......jam. That is all they do. All year, every year for years. " Customer Loss Tungsten Corporation PLC (AIM:TUNG), a leading provider of digital financial management products and software solutions, has been informed by an existing customer ("Customer") that they will not be renewing their Accounts Payable solution contract. This Customer accounted for 5% of revenues in the twelve months ended 31 October 2020. It is expected that the transition away from the Tungsten platform will take 12 to 18 months and therefore an extension of the existing contract is being executed with the Customer to initially cover the period to 30 April 2022. The Company is currently evaluating the impact on revenue and profits for the FY22 period and onwards and will provide a further update in due course. Andrew Lemonofides, Tungsten's Chief Executive, commented: " We are disappointed to be advised of this decision and to be losing an important customer. However, we have a healthy pipeline of new business opportunities and will concentrate our efforts on replacing the volume relating to this transitioning contract over the coming 12 months." " Unsure who is worse: TUNG or WAND (almost typed JAM there). There are a few of these companies about that lead investors on for years. It really is astoundingly fruity stuff. All imo DYOR EDIT: At post below This time next year Rodders! :-D

[edwardt] 23/3/2021 14:28

well that was wrong!

[edwardt] 16/3/2021 17:23

lots of stock shifted. me thinks we should have some blue sky here now....

[edwardt] 18/2/2021 08:07

thanks - that has opened my eyes. lets hope this creates a proper network effect!

[tvh123] 17/2/2021 21:30

@edwardt this may help: hxxps://www.coupa.com/coupalink/invoicing/tungsten/

[edwardt] 17/2/2021 15:03

i have re-read this again - can someone in plain english explain why coupa would share clients with tungsten? thanks!

[edwardt] 17/2/2021 11:45

on one times sales vs coupa on 50 times+. they can bid us at 10 times revenue and wall street would think they have got a bargain!

[westham2017] 17/2/2021 00:28

Decent read.. It just comes back to revenue growth... I'd imagine once e-invoice volumes return to pre-pandemic levels and new sales kick in, we should see decent revenue growth FY 21-22.

[edwardt] 16/2/2021 16:29

i normally hate paid for research but that was a good read imo.

[pkarnezis] 12/2/2021 08:53

Edison latest report: Https://www.edisongroup.com/publication/foundations-for-growth-in-place/28814

[pigeons] 10/2/2021 20:45

can any body help, what was the out come with the cement works and new hydro electric plant being built

[edwardt] 11/12/2020 08:34

apparently not.

[phillis] 30/11/2020 13:38

it must be difficult to persuade new customers to sign up in the current situation Which company would dare make such a substantial change when everyone is working remotely?

[edwardt] 30/11/2020 13:20

salesperson is an oxymoron at tungsten is it not? ie they do f'all of it.

[andrewdbl] 28/11/2020 19:14

First in in '14 out early '19 (stonking loss - my biggest) Still a client list to die for Still not able to implement quickly and cheaply Still hoping to make money from non-core activities Still burning cash Still have a soft spot for TUNG. It always felt like it would come good next year. Said this every year since '14. Nothing much has changed. Except that TW forecasts TUNG to run out of cash about Aug 21.