Tungsten Share Discussion Threads

[k3vmc] 04/3/2016 16:48

BS76, thanks for all that.

My good news is that my MONI/TUNG CFD position is now in the black!

Onwards and upwards!

[bs76] 04/3/2016 16:46

good close - 71

short reports out - no update on Tung

[bs76] 04/3/2016 15:41

Recent Updates (in last 4 weeks)


hxxp://www.tungsten-network.com/media/16603515/tungsten_welcome_packet_usd_20160107.pdf
February 29, 2016 Commitment Date Service Agreement must be signed and test file sent to Tungsten Network
April 8th, 2016 Deadline -All invoices must be submitted electronically via Tungsten Network. Paper invoices received after this date will be considered noncompliant


hxxp://www.tungsten-network.com/mondelez/

Mondelez country list
hxxp://www.tungsten-network.com/media/16603587/einv-and-iss-for-portal.pdf
new going live
Australia AsiaPac Q1-Q2 2016 Q1 2016
New Zealand AsiaPac Q1-Q2 2016 Q1 2016
Philippines AsiaPac Q1-Q2 2016 Q1 2016
Singapore AsiaPac Q1-Q2 2016 Q1 2016
and good to see status of Invoice Status Service

This one seems like a new buyer which has come out of Mondelez
hxxp://www.tungsten-network.com/customer-campaigns/jdecoffee/

"As you may know, Mondelez International has combined its Coffee portfolio with D.E. Master Blenders 1753 to create JACOBS DOUWE EGBERTS (JDE) - the world’s leading pure-play coffee company.This merger resulted in 79 additional JDE Tungsten-accounts which are intended for the supplier-base that was previously billing Mondelez for their coffee and tea invoices."

[bs76] 04/3/2016 15:22

Not sure how to read this.

shorts view - that short interest hasn't reduced even though funds have smaller positions now. Few might come back over over 0.5%

These are one's which have gone below 0.5% in last 1 year
Hutchin Hill Capital, LP 0.49% 2016-01-19
Bogle Investment Management, L.P 0.49% 2015-08-11
Marshall Wace LLP 0.48% 2015-05-20


Long view- I'm happy to see the big short interest as the chance of further short squeeze stays on any good news like - Increase in financing once PDD and bank account changes are in (being optimistic)


And on different note- good to see JP and GSA losing money on MONI today (I know they have made a lot on MONI) but still it must hurt when any position goes against you by 40%

[bs76] 04/3/2016 11:59

Euro clear stock lending data out.

Increase by approx 1.7m shares in Feb and big guys (> 0.5%) down to 3.69


Feb-16 10,811,003 3.69
Jan-16 9,132,367 3.89
Dec-15 9,739,576 4.61
Nov-15 9,630,439 5.18
Oct-15 10,489,609 5.67
Sep-15 9,685,504 6.64
Aug-15 11,129,458 6.91
Jul-15 12,026,589 7.31
Jun-15 8,104,761 6.42
May-15 9,198,262 7.02
Apr-15 9,695,587 9.35
Mar-15 8,680,110 9.08
Feb-15 9,350,366 7.32
Jan-15 8,446,668 4.89
Dec-14 6,268,143 1.52
Nov-14 3,686,883 1.42
Oct-14 4,534,569 0.71
Sep-14 3,724,597 0.50
Aug-14 3,485,299 0.00
Jul-14 3,582,700 0.00
Jun-14 3,527,632 0.00
May-14 4,186,689 0.00
Apr-14 4,692,580 0.00
Mar-14 3,684,464 0.00
Feb-14 3,759,932 0.00
Jan-14 3,048,439 0.00

[chemistdude] 03/3/2016 16:09

There was £250k trade Monday after close iirc

[manics] 03/3/2016 16:06

A 10% increase in holding. Are they bot buying? I don't recall a volume spike...

[chemistdude] 03/3/2016 15:59

Big up Morgan Stanley!

[k3vmc] 01/3/2016 07:43

They gave budgeted £1-1.5m for software changes.

[bs76] 29/2/2016 16:52

Close at 67. Pushed down for month-end mark down.

Jan 2016 - 37=>62 (67.5% up)
Feb 2016 - 62=>67 (5% up)

volume should go down tomorrow

And shorts report out - no update for Tung

[dryboy] 29/2/2016 16:32

it all looks pretty positive to me. Any downsides i should be looking out for ?

[pshevlin] 29/2/2016 16:18

perhaps because no-one can really decide on how much it's worth at the moment.

[dryboy] 29/2/2016 15:23

anyone know why this share is so volatile on a dailey basis

[andrewdbl] 25/2/2016 17:57

Read the note over lunch.
Not bad, they did take notes in the Capital and Markets Day.

Small quibble
They project 26.3m loss to 30/04/16 and 9.8m loss to 30/04/17

I think they are being rather cautious
Based on my guesses ( and that is all they are)
I project 25.7m loss to 30/04/16 and 2.5m-7.5m loss to 30/04/17

The key constraint remains the rate at which they can onboard buyers.

One of the things that makes me happy and I think is undersold is the truly worldwide nature of the 'Fab 4', better yet quite USA based.

[dryboy] 25/2/2016 16:23

spose it cant go up every day.

[chemistdude] 24/2/2016 20:55

Not a bad note. Execution is the name of the game.

[bs76] 24/2/2016 20:20

Good report by Edison

[pkarnezis] 24/2/2016 09:07

Basware: Coming to America (and UK, Germany)

hxxp://www.softwareplatform.net/2016/02/23/basware-coming-to-america-and-uk-and-germany/

I say bring it on.

[edwardt] 23/2/2016 10:16

i think they probably have heads of terms with a new lender. perhaps waiting for the new man to come in and launch to market. i just get the feeling that insight are uber conservative and unlikely to have relaxed their lending criteria to such an extent.....

[chemistdude] 22/2/2016 18:16

edward I'm wondering the same as well. Do you think that in the interim period until the bank is transferred, they can utilise the banks assets to finance riskier tranches? (Rick alluded that the new owners of the bank will continue to finance receivables - significant future revenues for them)

At Capital Markets they talked of discussions going on that would relax the conditions of the Insight agreement. Also discussions with new strategic funding partners with a riskier appetite - with access to our unique data mitigating risk getting them should be easy.

They're thinking about Bank partnerships/whitelabel propositions too.

[bs76] 22/2/2016 18:06

Chemist, thx for sharing Rick's interview. It sounds quite interesting.

IMO

At the moment, Tung's only risk is buyer (AAA counterparty) not paying and going bust.

The changes:

-lending with no pay date on invoice
With this change, Tung might finance for set number of days (say 45) based on buyer's historical payment data. Then buyer will either pay early (in that case refund for supplier) or late (in that case supplier has to pay extra). So supplier risk of not paying has to be taken into account.

-not changing bank details
Money will be paid from buyer to supplier account (On which Tung has no control) and supplier has to pay back to Tung. So supplier risk again.

Rick mentioned that they can mitigate that risk as they have history of supplier- for how long it's trading and about it's services.

This model is becoming more like traditional providers where providers take care of Supplier's sale ledger which provides more insight about supplier's business to them.

Tung's advantage is more automated and scalable.

[bs76] 22/2/2016 16:41

good close - 76

and shorts report out- no update