Tungsten Share Discussion Threads

[zinzanno8] 16/8/2018 21:43

Press release - Tungsten Network continues to make inroads in US after forming 16/08/2018

London, 16 August 2018 Tungsten Network, a global business transaction network, has launched a new strategic partnership with 9EDGE Inc. (9EDGE), a leading global Information Technology Services Provider and Systems Integrator.

The move will see 9EDGE become a referral partner for Tungsten Network. This will enable 9EDGE’s existing customer base to have seamless access to a range of technology-based solutions, opening up complete accounts payable and receivable automation solutions, maximising efficiency and improving cash flow management.

Tungsten Network brings businesses and their suppliers closer together with technology that automates invoice processing, maximises efficiency and improves cash flow management. The new partnership with 9EDGE builds on Tungsten Network’s established presence in the US market, as sustaining growth in the region is a key priority for the company.

9EDGE is a leading global full service IT solutions and consulting firm focused on Oracle Cloud Applications and Oracle JD Edwards products and services. As an Oracle Platinum level partner, 9EDGE offers specialized solutions and technology product expertise within the Oracle product line to fulfil customers’ technology needs. Leveraging a collective experience of 100+ years in this industry, 9EDGE has created an organization that is results driven and which is dedicated to their clients’ goals. 9EDGE prides itself on delivering projects on time, within budget and with quality, in a collaborative and focused approach within its unique and proprietary Results Orientated Methodology™ (ROM).

Richard Hurwitz, Tungsten Network’s CEO, said: “Opening a partnership with 9EDGE expands our reach in the United States. We are committed to this deep market and to serving global corporations with supply chains there. 9EDGE’s specialisation in Oracle JD Edwards ERP Solutions and experience in helping enterprises redesign and upgrade their current business processes make this an apposite partnership that we expect to prove highly beneficial to both parties.”

Dale Kaplan, Managing Partner at 9EDGE, said: “This new referral partnership with Tungsten Network enables 9EDGE to offer our existing and future customers with the unparalleled and industry-leading accounts payable and receivable automation solutions that can help transform their businesses. As a global provider of IT solutions, 9EDGE can facilitate the rapid deployment of the Tungsten Network suite of products within existing ERP solutions of their global customers and prospects. We are very excited about working with the professional team at Tungsten Network to improve and streamline our customers’ processes so that our customers can achieve immediate ROI benefits.”landmark partnership with 9EDGE;

[andrewdbl] 16/8/2018 15:56

just my opinion :
Withered grass not green shoots.

Proper (upward) share price movement will only be triggered by announcement of FCF > 0 or a bid.

FCF > 0 (on a monthly basis) not likely until June 2020 at the earliest.

An announcement that no raise is needed until then would not hurt.

[dollarzpounds] 15/8/2018 14:21

Let's hope it's buyers and the first green shoots???

[traderrobbie] 15/8/2018 13:05

Big trades going through these past few days. A 450,000 trade today and another one yesterday.

[andrewdbl] 12/8/2018 10:51

It is so easy to be rude about RH.

Looks a bit dorky / ties dont match / uses english in a weird way / not stupid but not clever either / no great ideas / (and the important one:) has not made us lots of money.

On the other hand, if he tries really hard, he will have taken a business that never made much money if any (iirc OB10 never did) and then lost a lot (as TUNG)
and turned it into a business that just about breaks even in a year or so.

This achievement should not be forgotten.
In terms of value delivered, looking backwards I would argue that without someone slightly competent your 55-60p share could so easily have been worth 0p.

This is where I think Odey and ET are now
- "jolly good you have just about broken even (with a lot of hand waving),
now what is the plan to make the 70m company a 1bn one?"

It is clear that no-one has a compelling proposition.

I think RH's strategy is look to (non-uk) growth, financing as rates rise and opportunistically add new services.

If ET or Odey or any one else had a compelling credible superior strategy, RH would have gone.

Long story short,
$£ backed the trainer and lost - I backed the horse and lost - EJ backed the owners and lost (perhaps a metaphor too far).
We all blame the rider. As do the owners, and the trainer
But no-one else has a better race plan - or any plan.

Looking for some crumbs of wisdom to fall from the high table (htoast?)

[dollarzpounds] 11/8/2018 14:07

All of which EJ begs the questions - If ET is useless at running a company why did he decide to have a go at running this one? Secondly if he's good at spotting good managerial talent why did he allow Hurwitz in in the first place? There is no escaping the fact this is a bit of a dogs dinner largely of ET's making? Let's hope he does get someone in to help get this thing moving because we put a lot of faith and even more money in largely on the fact he was a major player who knew what he was doing?! HE OWES US $£

[edwardt] 10/8/2018 15:54

did he not also set /agree rick's pay package?

[dollarzpounds] 10/8/2018 15:52

Who couldn't get the thing moving when he was in charge??

[edwardt] 10/8/2018 14:58

punchy words from the ever modest mr truell

[ejcj] 09/8/2018 17:42

First IDC, then E-Billing and now PO services. I wonder what else they are going to re-launch as a "new" service.

[ejcj] 09/8/2018 17:42

First IDC, then E-Billing and now PO services. I wonder what else they are going to re-launch as a "new" service.

[robmal] 09/8/2018 15:57

Tungsten Network ships digital purchase order delivery and acknowledgement service

[robmal] 09/8/2018 15:56

The small acquisition by Disruptive takes its holding to 13.07 per cent.

Edi Truell, the Founder of Disruptive, says: “We were disappointed that Odey Asset Management’s attempts to remove the grossly overpaid CEO (and the ineffectual chairman and non-executive directors that have presided over his pay packet) have so far come to nothing. Nevertheless, we were pleased to read in their latest trading update that the Board of Tungsten have finally acknowledged that the vision we set when we founded Tungsten is the right one.

“Tungsten is now finally claiming to be ready to deliver upon that vision. Our recent purchase of shares is a vote of confidence in the potential of the company given the market conditions, rather than in the performance or competence of management.”

[edwardt] 07/8/2018 15:53

I like majedie - they tend not to make too many mistakes! lets hope they are on the button here.

[chemistdude] 07/8/2018 15:18

Majedie have increased

[andrewdbl] 03/8/2018 12:48

It is worth noting that

Date ASX TUNG
02/01/18 ~4200 ~61
03/08/18 ~4200 ~57.5

On $£

I think we need to wait and tune in to the next episode of Soap.

[edwardt] 03/8/2018 08:37

whop whop! a dollop of sarcasm in that for sure.

[edwardt] 02/8/2018 14:30

rate rise may well be a ray of hope.

[dollarzpounds] 02/8/2018 14:21

I'm confused.Where exactly are we right now? Has Hurwitz got a stay of execution? Can the new non execs provide any improvements from their detached positions?Is Odey out ?Who is 'in'? Will we need a cash raise? Is India the promised land? Will we EVER make a profit.Last but not least the ONLY that matters - WILL THE share price EVER SEE 100p again?? As usual more questions than answers with dear old Tungsten