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TUNG Tungsten Corporation Plc

54.60
0.00 (0.00%)
28 Mar 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tungsten Share Discussion Threads

Showing 9926 to 9948 of 10625 messages
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DateSubjectAuthorDiscuss
23/7/2018
07:17
Blimey, capitalised costs doubled to £7.2m from £3.6m.

£5.3m of the £7.2m was booked in H2.

Nice boost to the reduced EBITDA loss!

henchard
23/7/2018
07:07
I like the increase in revenue per invoice. TUNG should really be near 80 p in my humble opinion
edwardt
23/7/2018
07:06
Ego is something that always needs fodder. His vision has cost me a lot of dollar. Whatever happened to good old hubris
edwardt
23/7/2018
06:09
"The Board of Tungsten wish to take this opportunity to acknowledge the vision set by Edi Truell when he founded the Company. We are pleased that the Company is now well placed to deliver upon that vision."

-heheh. A while ago at the CMD Rick was telling us to forget all about Edi. Since he's threatened to have their scalps he gets a honourable mention!

manics
22/7/2018
02:38
Tungsten (TUNG) Earnings-Reaction to Keep an Eye
danieldanj
20/7/2018
15:02
Good that Odey & the Board have found a compromise. Hopefully all can now move on & hopefully share price onwards & upwards.
mortimer7
20/7/2018
15:00
Let’s hope this makes everyone laser focused now . get on with it ffs!
edwardt
20/7/2018
14:47
just to show we are all on a level playing field, there was a flurry of activity before that announcement
davemac3
20/7/2018
14:40
Pountney Hill scenes:
manics
20/7/2018
14:38
Hmmm well Anthony becomes Tony before the RNS is even done so they must all be great mates after all. Plus, it's motivated some (gasp) TRADES so all's well and the good ship TUNG sails blow with opportunity into our new and glorious weekend.
manics
16/7/2018
13:53
IIRC the results are due out 23/07?

It looks to me like they are spinning it out in the hope that

- the results are better than expected
- the forward looking statements are possibly 'optimistic'

and pushing the egm back as much as possible gives them more time to make their case

Am I missing something - when was the announcement of what ET / Odey's managers will intend to do differently.

OTOH if ET/ Odey dont get their way, ~30% of TUNG will be in the hands of people that will probably want out.

andrewdbl
16/7/2018
11:22
Since Tuesday last week there's been 2 trades totalling 5.5k shares...! So I guess they've killed whatever market there was until the requisition.

17 days since TUNG was notified (or since TUNG RNS'd it 29/06/18).

"The Board is required to call a general meeting within 21 days of receipt of the Requisition and to provide for such meeting to be held on a date not more than 28 days after the notice of such meeting".

manics
11/7/2018
09:43
On the surface it seems logical. They can now sell a product to any SME, regardless of whether they have a customer on the network or not. Those who take up the service can actually benefit from analytics, more invoices to finance, more transactions etc.

Trouble is, OB10 flirted with this idea in the past and it never got any traction. None of the competition are doing this either. So, I guess the question is what has changed to make it work or are the current team just making old mistakes?

ejcj
10/7/2018
11:35
if they said this added functionality has led to 15+ blue chip clients signing up for analytics with some big fat fees attached it would mean something. as matters stand guff is about all one can take from this as it should have been operating on this basis years ago...
edwardt
10/7/2018
10:11
Does guff have one f or two?
woozle1
10/7/2018
09:14
10 July 2018

Tungsten Network launches billing service for Accounts Receivable departments

New service will enable every member of Tungsten Network to send digital, pdf, and paper outbound invoices to all of their customers through a single service provider

Tungsten Network, the global digital automation platform, has dramatically expanded the scope of its invoicing services with the official launch of Tungsten Network e-billing. This new service represents a logical step for Tungsten to better serve all the members of its digital platform.

The new service will enable Accounts Receivable (AR) departments worldwide to send 100% of their outbound invoices through a single service provider, and have them delivered in the preferred format of the recipient, regardless of whether their customers are registered on Tungsten Network. It complements Tungsten Network's e-invoicing solution, aimed at removing friction from Accounts Payable (AP) processes, providing companies a unique opportunity to digitally automate their accounting processes on both sides of the ledger.

Tungsten Network e-billing customers will digitally send their outbound invoice data to Tungsten Network via single connection. Invoices are processed by Tungsten Network, validated in accordance with global tax-compliance standards, and delivered both on- and off-Network. Tungsten Network delivers the invoices in the recipient's required format, whether digital, a PDF email attachment, or via a printing and postal service, allowing Tungsten Network customers to easily meet the diverse interoperability requirements of connecting with their own customers. This will dramatically increase invoice-processing efficiencies and drive down the cost of getting paid for the goods and services they provide.

Creating a more efficient AR process increases the control Tungsten Network customers have over their working capital position. In particular, it has a positive effect on days sales outstanding (DSO), a financial ratio that illustrates how well a company's accounts are managed.

Finance departments will also benefit from enhanced visibility because they can have access to all of their digital invoice data through a single portal. They also have the opportunity to magnify the benefits they feel from being part of Tungsten Network through its value-added products, like Tungsten Network's Analytics solution.

Richard Hurwitz, Tungsten Network CEO, said: "Offering a comprehensive billing service represents a strategic move to open up Tungsten Network's technology to even more businesses. E-billing customers send all invoices via the same connection and in the same way, whether on- or off-Network. As part of our strategy to add complementary adjacent services, we have now enhanced the value proposition we offer to our customers by allowing both AP and AR departments to take the lead in introducing digitisation and to get better visibility on their finances. This also allows Tungsten Network to initiate engagements with its customers from multiple points."

A global leader in e-invoicing, Tungsten Network creates valid, tax-compliant documents across 48 different countries. With all invoices issued through a single solution across 192 countries, Tungsten Network e-billing will also give businesses the ability to ensure compliance while at the same time improving payment processes.

The expansion builds on the value-added services already offered by Tungsten Network, including access to Tungsten Network Finance. As the platform sitting at the centre of GBP164bn worth of transactions every year, Tungsten Network is able to turn this data into actionable insight for its customers.

robmal
10/7/2018
08:28
so they want to replace the CEO with A N Other

and then new client sign ups will dramatically increase

gimme a break!

phillis
08/7/2018
20:58
corrientes: Branson floated the Virgin Group in 1986. He watched the City fluff around with it, then took it back private at the IPO price, which was then a premium to the market price. Disenchanted with the City, Branson wanted to insure that "original investors didn't loose a penny".

Will Edi's reputation motivate him to consider similar? I bloody well think he should, but he bloody well probably won't. 'To do a Branson' at TUNG would cost him 220p* a share -one heck of a premium!

*approx. 10% of the Truell family fortune.

manics
07/7/2018
13:13
Has anyone actually tried to contact Crispin Odey to find out what his vision is for Tungsten in regards to these proposed changes?
traderrobbie
07/7/2018
12:17
AGREED!! The aggressive marketing and promises of dealing in " Trillions, Billions and millions " the criticism of OB10 failing to monitise the network when he seemed to think it would be an easy task, the projections of analytics being a big money spinner and all the other PR Edi Truell was crowing about shortly after IPO was a large reason I bought in. He bought a bank then he sold it he has made some big mistakes and it is we who have suffered. So far not one thing he said has borne much fruit at all. If he wants to take it private then fine, but give me my money back . ALL OF IT!!
dollarzpounds
07/7/2018
12:08
I imagine that Odey et al have secured the services of individuals who they believe can improve on the paltry performance of monitising a minute fraction of the network invoice flow? I'm not sure how they would do that but that has to be the logic?It may well be there are ulterior motives at play and Truell is manoeuvring to take it private, after all he has attempted to buy the company back previously? So do I trust him? No. However, I cannot see this thing getting anywhere near a 100p + share price under the current management in any decent timeframe?I would rather roll the dice than die of boredom on the sidelines.
dollarzpounds
07/7/2018
10:18
Branson is not to be trusted under any circumstances. I feel he would sell his nearest and dearest if he could make a bob or two on the deal. He is about the last person that understands the word 'fair'.To do a Bransom would be like offering 50p here.
corrientes
07/7/2018
10:09
If Edi wants it private he should "do a Branson" and take it back at IPO price imo.
manics
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