Tungsten Share Discussion Threads

[pkarnezis] 15/9/2021 14:22

A contract win to provide SCF for Mondelez: Https://www.tungsten-network.com/press-release/contract-win-for-tungstens-supply-chain-finance-partnership/

[manics] 12/9/2021 19:12

Someone might get it right one day.... @TrungTPhan

[buywell2] 06/9/2021 22:57

chart from 23 May 2014 to today free stock charts from uk.advfn.com corrientes - 23 May 2014 - 12:22:43 - 856 of 2536 Buywell2 - What was it you said to me once on the XEN thread 'engage brain before opening mouth' .Well do beware of boomerangs as you don't exactly have the best of reputations. Your implied negative comment earlier today about TUNG was a nonsense.

[buywell2] 06/9/2021 22:53

corrientes TUNG chart from 23 May 2014 to today free stock charts from uk.advfn.com corrientes - 23 May 2014 - 12:22:43 - 856 of 2536 Buywell2 - What was it you said to me once on the XEN thread 'engage brain before opening mouth' .Well do beware of boomerangs as you don't exactly have the best of reputations. Your implied negative comment earlier today about TUNG was a nonsense.

[manics] 26/7/2021 06:04

https://www.dailymail.co.uk/news/article-9824109/The-City-genius-nightclub-boss-lover-4m-battle-brother.html

[larryparker] 15/6/2021 17:07

Well that's the shortest days trading I've seen, at least it went the right way

[wildlyoptimistic] 15/6/2021 16:35

In the RNS announcing the director resignation yesterday they also announced the dates for their results and AGM - extract below: Tungsten also announces that the Company's final results for the year ending 30 April 2021 will be published on 30 July 2021 and the Company's Annual General Meeting will be held on 15 October 2021. Further details in relation to the Annual General Meeting will be issued in due course.

[larryparker] 15/6/2021 15:37

Why are there no trading updates anywhere?

[pkarnezis] 09/6/2021 09:43

The writing was on the wall when they lost that "important customer" back in March, I guess. But the CV of the new CEO is impressive indeed.

[edwardt] 09/6/2021 09:02

my guess is sacked on that basis. they are a bit more ruthless having kept the previous ceo for too long.

[luddenden7] 09/6/2021 08:51

Interesting isnt it. I just wonder if the new guy has been so impressive that he's shunted the existing CEO out. His background is top notch.

[edwardt] 09/6/2021 08:15

was he sacked?

[wildlyoptimistic] 07/6/2021 11:48

Would be nice to think this was a sign the tide is turning. My only doubt is that this is for the AR solution, so whilst its good news, there is no connected network effect of Supplier revenue from the annual fees that come from the AP solution side of the business. However, maybe a few of the buyers they are sending the invoices too may become interested - lets hope so

[edwardt] 07/6/2021 11:37

here's hoping!

[luddenden7] 07/6/2021 08:43

you always feel as though this company is at the inflection point, capex cycle done, integrated systems and ready to benefit from the network effect. After many false dawns, not least due to the variables thrown at the company and industry from COVID, I do wonder if we are very close to that point as economies normalise and companies once again look at how they can digitise their offering.

[edwardt] 07/6/2021 08:33

Agreed on adp big win indeed .

[luddenden7] 07/6/2021 08:23

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.

[edwardt] 24/5/2021 15:28

saves money. which i hope they have got better at!

[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.