Tungsten Share Discussion Threads

[andrewdbl] 19/2/2016 12:39

erm, tempting fate here, but...
breakeven on whole holding !?!?
(for me as someone who was in originally on 9/7/14 @ 282.5)

[dollarzpounds] 19/2/2016 12:28

Making some good headway here. Team Hurwitz !!

[chemistdude] 19/2/2016 11:51

New Buyer: SITA



(26 Dec 2015)

[bs76] 18/2/2016 16:40

good close - 68

and shorts report out- no update for Tung

[bs76] 18/2/2016 14:46

one more RNS

Director Dealing Purchase Number of Nature of
Date Price Shares Holding
---------------- --------- ------------- ---------- ----------
David Williams 26 Jan 62.3 pence 1,605 For son
2016
---------------- --------- ------------- ---------- ----------
David Williams 27 Jan 63.03 pence 793 For son
2016
---------------- --------- ------------- ---------- ----------
David Williams 27 Jan 62.28 pence 802 For son
2016
---------------- --------- ------------- ---------- ----------
Nicholas 17 Feb
Parker 2016 64.0 pence 25,000
---------------- --------- ------------- ---------- ----------
Nicholas 18 Feb
Parker 2016 68.0 pence 25,000

[chemistdude] 18/2/2016 14:45

Nick Parker having a Tung shopping spree this year. Now holding 350,000

[edwardt] 18/2/2016 14:33

good to see the fd is on the button with his reporting obligations!

[andrewdbl] 18/2/2016 13:26

I look forward to 67 becoming the new floor.

[bs76] 18/2/2016 11:14

and look at the historical volume graph

hxxps://www.marketinvoice.com/statistics

2015H2 was amazing for them

[bs76] 18/2/2016 11:11

You might be right chemist- as per the above article, they are already involved in supply chain management.

There are lot of investors looking to finance short term receivables. Market invoice has more investors than invoices (to be financed). Their invoices are more risky compare to the one's on Tungsten network (on the network you have less counterparty risk as invoice is approved online by the buyer- no chance of fraud)

hxxps://www.marketinvoice.com/investors

I applied for an investor account on Market invoice and got rejected. Their reply - "Due to excess liquidity, we regret that we are unable to proceed with your application at this stage"

and their minimum investment amount is 50K ;(

[chemistdude] 18/2/2016 10:51

Rick alluded that Iain Hunter has a significant piece of his future revenues coming from financing receivables - so I take from that that after the bank is transferred, the new owners will do business with TUNG and finance receivables as a 'new' funding partner, perhaps financing higher risk tranches that BNY Mellon will not. (16:20 in webinar)

[bs76] 18/2/2016 10:34

Old news but the key point is that company buying Tungsten bank is solid. -
"Current Group turnover is approximately $6 billion."

So bank transfer approval should come in summer.

And Tungsten bank will suit it's name - Steel Bank ;)
"“Finance is an essential lubricant in maintaining the health of industry and,
lack of ready access to finance at critical times, is part of the problem the
UK steel and such industries face. We strongly believe that a challenger bank
in UK focused on understanding and serving the needs of UK industry will be a
winning proposition. In effect we’d like to see this institution become the
bank that champions steel in Britain.”"

[k3vmc] 17/2/2016 18:05

Yes, I spotted those as well.

Kick-off soon.

[manics] 17/2/2016 17:58

Appears he may have been adding again today, if those 2 X 25k's yesterday were Nick's.

[chemistdude] 17/2/2016 17:24

Our new chairman has plenty of skin in the game unlike Arnold Hoevenaars

[edwardt] 17/2/2016 17:13

I knew I liked him.

[bs76] 17/2/2016 17:12

RNS out

Nicholas Parker, Chairman, purchased 50,000 ordinary shares at a price of 65.27p per share into his SIPP

Accordingly, Mr Parker now has a total beneficial interest in 300,000 ordinary shares, representing 0.2% of the total voting rights of the Company.

[edwardt] 17/2/2016 13:09

to be honest most things that excite me these days are expensive.

[manics] 17/2/2016 11:47

I hope 'proper pop' doesn't mean branded Coca Cola!

[keyno] 17/2/2016 11:40

I hope 'exciting' doesn't mean expensive!

[edwardt] 17/2/2016 11:36

think we will have a proper pop when the other 'exciting' new hire is announced..

[dollarzpounds] 17/2/2016 10:49

New CMO Connie O'Brien. Press release on company website.

[dollarzpounds] 17/2/2016 09:51

https://twitter.com/tungstennetwork/status/699887232858062848

[bs76] 16/2/2016 20:56

Tung did well in Jan for odey fund ;)http://www.valuewalk.com/2016/02/odey-european-fund/

[bs76] 16/2/2016 17:06

yes good close.

and shorts report out - no update for Tung