Tungsten Share Discussion Threads

[gandolf777] 16/12/2015 08:36

I have sold out today at a 80% loss. There seems to a real lack of demand of Tungs services 'Revenue from Tungsten Early Payment was £0.1m'. £100 grand! So what if revenue is up by £3.1m when you have had a loss of £17.6m?

As for this target...'Tungsten is on track to achieve break-even on an EBITDA basis by the end of FY17' this isn't even cash flow positive, and there's so much that could go wrong in that time frame. Good luck to everyone still holding.

[chemistdude] 16/12/2015 08:35

· Elevate our customer engagement by driving network benefits for them
· Use end-to-end digital processes to ensure that our people and processes deliver effectively
· Leverage our network and its data to deliver distinctive financing products
· Increase the value we offer our customers by providing adjacent products and services

Financing products in addition to TEP?

[chemistdude] 16/12/2015 08:31

Tungsten will host a capital markets day in London on 9 February 2016

Date reserved in the diary.

[bpc10] 16/12/2015 08:28

Next stop 30p IMO

[dollarzpounds] 16/12/2015 08:27

I can't make conference call please someone tell them no update on TEP is out of order!

[seball] 16/12/2015 08:26

This will finish blue today. Will be good of them to return some cash to share holders. Conference call shortly.

[dollarzpounds] 16/12/2015 08:26

No news on JV, no news on TEP, bank being sold - that's about it . Underwhelmed as usual can't see any reason for share price to recover much if at all enforce the next 'update'.No update on TEP is quite disgraceful as mentioned it can only lead to one assumption - it's a dogs dinner at the moment. As with the OB10 management we are busy going nowhere right now .Good news is with bank sale should be no more dilutions.

[dollarzpounds] 16/12/2015 08:21

I stand corrected thanks Manics !

[dollarzpounds] 16/12/2015 08:20

.....and now we will have a presentation in February the TEP can is continually kicked down the road .

[manics] 16/12/2015 08:19

It's there $$$££££:

Tungsten is on track to achieve break-even on an EBITDA basis by the end of FY17 and a positive EBITDA for the six-months ending 31 October 2017.

...though the only mention of JV after all is:

"Guy Miller joined Tungsten in a new role as Head of Corporate Development. In this role, Guy will identify and evaluate opportunities for Tungsten to pursue investments, divestments, joint ventures or similar activities that can advance Tungsten's profitable growth".

[dollarzpounds] 16/12/2015 08:18

That is the conclusion I drew too !

[bpc10] 16/12/2015 08:17

The fact there is no mention means it's bad

[dollarzpounds] 16/12/2015 08:16

No mention of TEP and it's 'progress' that is not on where is the transparency?! Also no reiteration of a breakeven point?

[seball] 16/12/2015 08:16

Cash in bank and 30mil from sale is more than Mcap. Business is chucked in for free. IMO

[bs76] 16/12/2015 08:15

Tungsten analytics is delivering

"Negotiated renewals with 14 buyer customers to deliver future price increases averaging 70% as customers recognise the increasing value they derive from Tungsten"

[bs76] 16/12/2015 08:13

bank sale cash + 39m cash

[seball] 16/12/2015 08:06

Excellent should get 30mil for bank. Return some cash to share holders or share buy back?

[bpc10] 16/12/2015 08:05

How much have they financed? Can't see that info

[funkmasterp12] 16/12/2015 08:03

Selling the bank.

[steptoe57] 16/12/2015 07:58

Wouldn't that be nice, a scramble of buyers as shorts try to close, oh dream dream!!

[seball] 16/12/2015 07:57

This could be a moment of genius from edi and cause that short squeeze.

[chemistdude] 16/12/2015 07:57

Markets open in 3....

[manics] 16/12/2015 07:55

I hope it's Edi's fury beginning to show...