Tungsten Share Discussion Threads

[edwardt] 08/12/2017 09:53

fwiw - blue prism is the type of stock I am talking about where punters are clueless. it is on 44 times forward sales!! no us tech company I can find is on more than 12 times. Tung deserves to be on sub 2 for sure but if we can get a period of 30% growth in 18 /19 then we should be on 3 to 4 times sales. that is not beyond the realms of possibility, surely?!

[edwardt] 08/12/2017 09:44

for me the tie up is much welcome news. increasingly it is apparent fintech needs to partner with banks to be both relevant and get scale. This symbiotic relationship can not be circumnavigated. We have learnt in part the hard way with the nonsense of the bank license. What this gives us is a genuine chance to be part of the plumbing for trade financing. It feels we now have a sensible plan and roots to start real growth in that area. It also secures the e-invoicing side of things as there must be synergies which should fend off rivals on simple e-invoicing. Famous last words but the fact this bb is only left with the die hard faithful shows we may be in right place. The time it is polluted with hot retail money who trade with no clue of fundamentals is the time we should all exit stage left.

[manics] 05/12/2017 18:20

The only breakthroughs I'm waiting for is +YOUKNOWWHAT and a triple digit share price

[dollarzpounds] 05/12/2017 17:03

Sod the market what do our experts think of this Banking tie up development?? Anyone ??

[pkarnezis] 05/12/2017 13:35

What do we have to do to catch a break here?!!!!

Show me the money, I guess...

[dollarzpounds] 05/12/2017 13:24

As bloody usual ' positive news ' having no effect on the share price AGAIN ?!! What do we have to do to catch a break here?!!!!

[pkarnezis] 05/12/2017 12:47

Could this be the breakthrough we’ve been waiting for?

Who knows, chemistdude? Ask me again in a couple of years. It's easier to answer in retrospect...

[chemistdude] 05/12/2017 12:16

Nice one PK. Could this be the breakthrough we’ve been waiting for?

[andrewdbl] 01/12/2017 14:21

Well, chances are it is not bad.

AGM Statement 15 Sep
"In July 2016, we set ourselves the challenging goal of achieving monthly EBITDA breakeven by the end of this calendar year. This remains our goal and in Q1-FY18 our unaudited EBITDA loss fell by 36% from the same period in the prior year as we made progress on both revenue growth and cost control."

Now, under AIM rules, (*IMO IANAL etc*)... you make a statement like the above...

At the time it becomes clear to management that the outcome will be materially different to the targets they set for themselves, they have a duty to make a timely announcement (profit warning etc).

Trading in line requires no announcement.

It is December and so there is no time left in 2017 calendar and there has been no announcement.
From talking to DW, I expect they knew what the likely outcome would be at the time of the AGM.

So

a) it happened - yay
b) jan/feb 18 - meh and you should have said
c) the dog ate my homework so we cant tell shareholders - boo, and some righteous fury

(Disclosure - I set a buy order at 59.00 16 sep)

[dollarzpounds] 01/12/2017 13:00

The 14th it is !!! PLEASE be good Tungsten!

[bs76] 28/11/2017 15:57

yes they should:)

Riot Inc changed name to "Riot BlockChain Inc"



share went from 6 to 24 now down to 13

Another one XNET - just mentioned about their new coin in conf call- share price got tripled

[edwardt] 28/11/2017 12:24

here's a leftfield thought. why don't tungsten allow blockchain adoption for supplier and buyer invoices. we can rename the company blockinvoice and the stock would ten bag in six months. I am only semi joking.

[edwardt] 28/11/2017 12:24

here's a leftfield thought. why don't tungsten allow blockchain adoption for supplier and buyer invoices. we can rename the company blockinvoice and the stock would ten bag in six months. I am only semi joking.

[andrewdbl] 24/11/2017 12:43

$£ - cleverly futureproofed by omitting €

In the current climate, any miss causes a big sell off - centrica...

Even if it not really much of a miss.

[edwardt] 22/11/2017 16:31

it depends what value they offer to those companies. I suspect the toilet cleaner contracts for those businesses earn more revenue from each company!

[dollarzpounds] 22/11/2017 14:35

Great stuff Andrew . But would the share price "crater" the bloody thing is only valued at £82M ?? That's peanuts for a company which , when all said and done , still provides a service to over half the ftse100 and other massive international companies / corporations ?? Surely a decent takeover morsel for someone should we go much lower ??

[edwardt] 22/11/2017 12:11

odey selling in chunks???

[edwardt] 21/11/2017 18:47

Every print today a sale, nt sure what that was about...

[andrewdbl] 21/11/2017 18:24

Year to 30/04/17 actual values ~ 31.3m income, 46.3m costs = 15m loss
Cash in bank 30/04/17 17.5m
Year to 30/04/18 broker expects ~ 36.6m income, 45.6m costs = 9m loss
Year to 30/04/19 broker expects ~ 45.0m income, 44.5m costs = 0.5m profit

AGM Statemenr 15/09
In July 2016, we set ourselves the challenging goal of achieving monthly EBITDA breakeven by the end of this calendar year. This remains our goal and in Q1-FY18 our unaudited EBITDA loss fell by 36% from the same period in the prior year as we made progress on both revenue growth and cost control.

Tungsten will announce its Interim Results for the six months ended 31 October 2017 on 14 December 2017.

Ebitda costs pm
46.3
- 1.2 (sale of bank)
- 0.0 (interest)
+ 0.4 (tax)
- 2.8 (depreciation / amortisation)
= 42.7
/12 = 3.56m per month
call it 3.5m

Ebitda income pm
31.3/12 = 2.6m

Q1 loss fell by 36% (3.5m - 2.6m) * (1-.36) = 0.576m - call it 580k pm

The question is - can they cut costs / increase revenue by another 580k pm 30 Jul 17 - 1 Dec 17
- 5 months.

The more I think of it, the more I think that that is possible, but hard.
If they make it, yes the share price will rise a lot.

but on the other hand a big miss will crater the share price

being long, I think they will make it or narrowly miss, but I would say that.

bottom line (imo)

nobody really trying hard to keep it down, just sensible people thinking that there are better places for their money.