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TUNG Tungsten Corporation Plc

54.60
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tungsten Corporation Plc LSE:TUNG London Ordinary Share GB00B7Z0Q502 ORD 0.438P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 54.60 54.00 55.20 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tungsten Share Discussion Threads

Showing 8551 to 8572 of 10625 messages
Chat Pages: Latest  353  352  351  350  349  348  347  346  345  344  343  342  Older
DateSubjectAuthorDiscuss
21/3/2016
13:40
chemist: exactly. Crossed posts.
manics
21/3/2016
13:39
Edi didn't bid zero. He bid a conjoined minority stake in other existing ventures, including Tantalum. We can't know that value, because they're private ventures and we don't know how big the stake was or indeed the absolute components of it.
manics
21/3/2016
13:37
Wonder what this paper deal would have been with Tantalum. Could do with some clarity e.g Say Tantalum valued at £300m was it for a minority stake of 40% (£120m) thus putting say a floor of ~£1.20 in the TUNG share price?
chemistdude
21/3/2016
13:33
He will
(a) launch a proper bid for the other 75% - probable share price rise in short term
(b) do nothing - ?
(c) sell out his 25% - probable share price fall in short term

So as someone wisely said...


pkarnezis 17 Mar'16 - 13:07 - 5927 of 6006

Just another day at the Tungsten office.

andrewdbl
21/3/2016
13:31
" why would he unload them at a loss?"

To avoid a bigger loss, obviously.

bwakem
21/3/2016
13:26
I'm glad ET is out, the company will do better without him.
And as for him selling down his shares why would he unload them at a loss?
The management can now concentrate on executing its plan.

hibberts
21/3/2016
13:20
Anyone else finding this all really amusing?

It was like:

Edi: I bid 0p for tungsten network and by the way I'll take the £30million too. Then TUNG can be an investment vehicle.

Rick: errr yeah......thanks for coming out Edi! Followed by two finger salute.

chemistdude
21/3/2016
11:55
Edi's next reaction: Hostile takeover anyone? Gordon Gekko
chemistdude
21/3/2016
11:13
The ever-fertile mind of Edi Truell (pictured above) has been generating bid ideas involving Tungsten, the acquisition vehicle he set up. The deal doer stepped down in July 2015 as CEO of the company, now an electronic invoicing group. He has since “made a number of suggestions” about combining bits of Tungtsen with other businesses in which he has an interest, according to a stock exchange statement.

The most recent, according to Tungsten, would be that its primary asset would be “a minority stake in an enlarged group of disparate, illiquid assets controlled by Mr Truell”. The board, which sounds annoyed, has given the proposals the cold shoulder.

Mr Truell once promised to revolutionise the final salary pension scheme run-off business, but was impeded by doubtful regulators. He also made overtures to Royal Bank of Scotland to buy Direct Line, but the bank floated the insurer instead. He is an adviser on pensions and the like to Boris Johnson.

chemistdude
21/3/2016
11:08
To be clear I am short. This is primarily a fundamental stance that e-invoicing is a zero margin business and so over the medium term TUNG runs out of money. In effect the value at any point in time is the cash minus liquidation costs plus assets. People who bought in prior to the recent run up still have the opportunity to make good profits, and I imagine they are at least considering that course of action.

This Truell nonsense may cause a run down of the price ahead of the cash decline, though this is still much better for current shareholders than what Truell has offered.

hpcg
21/3/2016
11:03
hpcg

"I don't rate the long term future for TUNG as E-invoicing is a zero margin product"

I agree with bs76. Not much point in investing in something you don't rate, or am I missing something?

k3vmc
21/3/2016
10:03
Seems like Status Quo which will let shorts get out slowly. :(
bs76
21/3/2016
09:01
bwakem

"Sell all his shares I expect since he thinks they have no value."

Will you please be my investment guru?

k3vmc
21/3/2016
08:45
The board didn't pull any punches when it came to telling us what they thought of Edi's proposed deal. And all he got was "thanks" for stepping down. Really wonder what is going on in his head right now as the 2nd largest shareholder.
chemistdude
21/3/2016
08:38
He wants to own it as he can see the value coming. 75% of investors aren't going to let it go at this stage for comparatively little. The more time goes on the closer we get to profitability (and beyond) and the higher the price will be to swing a 'yes'.

Must be an interesting atmosphere today at TUNG/Truell towers in Pountney Hill!

manics
21/3/2016
08:31
And take a massive loss? To his ego,financially and his reputation?
busterdog2
21/3/2016
08:31
seems to me that he wants simply to sandwich his investments together and get that cash to work from the bank sale. however I have not come across many conglomerates that work well in this day and age - it is so 1980s - someone tell eddie that family run business are all good and well but take them private. hence he needs to pay up for tung - £3 and he may have my attention!
edwardt
21/3/2016
08:28
Sell all his shares I expect since he thinks they have no value.
bwakem
21/3/2016
08:20
Can't blame him for trying to get what he wants on the cheap. But now that it has been turned down what will be his next move?
busterdog2
21/3/2016
08:15
Tungsten's share price climbs as board rejects Edi Truell's offer as "universally without merit for shareholders"
manics
21/3/2016
08:15
Massive overhang whichever way you look at it. Truell following in the grand tradition of AIM execs and his plan sounds like he wants to build a new Quindell. He won't get what he wants but this still disrupts the company. He has no money to buy it, hence the all paper proposition. So he will end up selling his shares.
hpcg
21/3/2016
08:14
I thought share price might go down on open but it didn't. I was planning to buy around 40-45. ??With all other factors out. At 40p, Mcap 50m, ed can buy remaining 70% for 35m and get bank cash of 30m. So for net 5mAt 50p, he can buy at net 13.75mAt 60p, he can buy at 22.5mAt 70p, he can buy at 31.25m.
bs76
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