Tungsten Share Discussion Threads

[bs76] 18/1/2016 09:56

One thing is clear that rally from 39p to 65p between 7th and 13th Jan was not because of short closing but long buying.

In that period
Hutchin reduced 0.09
GSA reduced 0.20
Numeric increased 0.10

increased Long
Edi 100k
Nick 100k
Indus 4.61% (UBS must be buying to hedge their swap position)

So net buying 4.42%. It's heartening to see that 4.42% buy can cause 65% rise.

[manics] 17/1/2016 09:07

From the 01/07/15 5% Indus holdings RNS:

3. Full name of person(s) subject to the
notification obligation: iii
Indus Capital Partners, LLC

4. Full name of shareholder(s)
(if different from 3.):iv
N/A

7. Threshold(s) that is/are crossed or
reached: vi, vii
5%

So it appears the UBS element is new.

[chemistdude] 17/1/2016 08:40

4. Full name of shareholder(s) UBS, AG
(if different from 3.):(iv)

edwardt did you note the above in the last RNS? Is there significance that UBS are the actual shareholders? I read that they are "the second largest wealth manager in the world behind Bank of America (BAC) in terms of assets under management."

[edwardt] 16/1/2016 16:42

Surely there will be an runs the other side to explain who sold to Indus? I bet fidelity have exited...also do we not have issues with breaching close company status now?

[andrewdbl] 15/1/2016 17:47

Hargreaves Lansdown Asset Management 3.59%

See that 9
Thats me that is :)

More seriously, comforted that share price looks like it is starting to stabilise at a non-insane level (high or low)

[manics] 15/1/2016 17:09

...is it outside the realms of possibility that the capital markets day motivates institutional holdings to +85%?

[bs76] 15/1/2016 16:28

Top 7 holders for 77.43%

LTIP 10.96%
Odey Asset Management LLP3 19.60%
Edmund Truell1 16.97%
Morgan Stanley & Co. International plc4 7.00%
Sanlam Four Investments UK 5.60%
Indus Capital Partners, LLC5 10.08%
FIL Investment International 3.63%
Hargreaves Lansdown Asset Management 3.59%

EDIT :- i updated Sanlan before instead of Indus. I used data from tungsten network site which is missing all of Jan updates. So will need to add Morgan stanley 0.75% increase and also of Edi's. So in total 78.5%

[bs76] 15/1/2016 16:24

Yes on 13th Jan

and also on 13th shorts went up 4.57=>4.58

GSA reduced 0.09 :- 1.08=>0.99
Numeric increased 0.10 :- 1.00=>1.10

[chemistdude] 15/1/2016 16:18

RNS: Indus top up. 5.57% to 10.08%

[chemistdude] 15/1/2016 11:12

Connie O'Brien Chief Marketing Officer - Tungsten Network

[bs76] 15/1/2016 10:26

And just for comparison

Take the lowest charge from Ariba i.e £33 for 155,000 => 0.0213%

And on that fees tungsten should charge on 108b transaction value = 22.9m

[bs76] 15/1/2016 10:16

Check this out - Ariba Supplier fees- they charge based on transaction value

hxxp://www.ariba.com/assets/uploads/documents/Datasheets/Ariba-Network-SMP-Global-Pricing-Guide.pdf

"United Kingdom
Less than 30,000 => Free
30,000 to less than 155,000 => 33
155,000 to less than 625,000 => 330
625,000 to less than 6,250,000 => 1,645
6,250,000 or more => 4,895

For big suppliers they add Network Transaction Service Fees with annual cap
Country or Region => Maximum Chargeable Transaction Volume => Annual Cap
United Kingdom => 8,516,000 GBP => 13,200 GBP"

I suppose the last one is similar to Tungsten's integrated Supplier.
Tungsten charges £985 and Ariba - £13,200

May be NTS add bit more value by managing catalogs online
"The Network Transaction Service (NTS) enables you to collaborate with customers during the order process, submit invoices and other documents, and
manage catalogs reliably and securely on the Ariba Network"

[bs76] 15/1/2016 09:00

Bid offer 57-60Over 5% for last 2 days

[pkarnezis] 13/1/2016 20:04

So there's life in the old TUNG yet, let's hope it keeps going up (still a long way to break even for me). It's interesting to see what people who work/worked at Tungsten have to say about the place (disgruntled employees and not):

hxxps://www.glassdoor.co.uk/Reviews/Tungsten-Network-Reviews-E918466.htm

(if you can get full access to the site)

It just confirms the company lacked direction really. Judging from that mountaineering video on Vimeo they have now made private, I think (hope) Rick Hurwitz's review has identified the problems etc. The good thing about a company/situation hitting rock bottom is that there's only one way to go, and that's up. Or is it?

[bs76] 13/1/2016 17:44

short reduced 4.68=>4.57

GSA reduced 1.19=>1.08 on 11th Jan

I was expecting more but it's good that they still got 4.57% (5.7m shares)

May be it's not easy to close shorts ;)

[manics] 13/1/2016 17:34

I'd love to see that technology officers credit card.

[chemistdude] 13/1/2016 16:56

UT: 64.75p
Volume: 3,321,218

Lots of activity today, hoping we get a bunch of TR-1's or short reductions over the next couple of days.

The video I posted yesterday has been taken down - Looking back I don't think the level of candour was for us PI's to see, I'm thinking reserved for our employees.

Great to see they have had a thorough review, a reorganisation and as Hurwitz says everything is now in place for some serious progress so they seemed to have recognised and addressed their problems now - we have a green light, this is where the real phase of execution commences. Things are gearing up nicely for the Capital Markets Day and who knows what can happen with a few new insti's on board.

Looking forward to finding out who our new finance head is going to be. After Hurwitz this man has the next most important job - making TEP (& other finance products) easy to access with a broader appeal.

[webpax] 13/1/2016 13:51

Keyno - yes! or perhaps he reads SCSW and bought on their tip?

[edwardt] 13/1/2016 13:46

where's that correro dude with his 70pppppppppppppp