Tungsten Share Discussion Threads

[fiftha] 15/2/2019 09:17

There’s only one reason for an established director to buy, but many reasons for selling.

[andrewdbl] 14/2/2019 18:17

Comment on Stocko along the line of

- director buys = noise
- director sells = sell signal
- director does not hold = sell signal

I tend to agree.

[bs76] 14/2/2019 16:02

i think they should be- at-least till 25th Feb. It will be interesting to see how much they buy :(

[chemistdude] 14/2/2019 15:47

Now we know, there’s no cash call coming, can the share price please return to 52 week high?

Also now cash flow positive is imminent if not already here, other e-invoicing firms gotta be looking at us for M&A right?

Are the new directors in a closed period or are they allowed to buy shares?

[bs76] 14/2/2019 15:26

IMO third quarter will have better result after disappointing number's from first half

In first half revenue grew by 2.92% (17.10 => 17.60)

They seems to be quite confident to achieve revenue between 36m and 36.5m in full year FY19.

For that => 2H revenue has to be over 18.5m which will be around 12.5% growth from 2H FY18 (16.50m)

[edwardt] 14/2/2019 15:06

good to have you back chemist btw. lets hope your reset is like a new start for us all!

[largeronald] 14/2/2019 14:43

Hopefully so they can bask in our approval.

[chemistdude] 14/2/2019 14:41

Just an observation.

after the H1 trading updates in Dec 2016 and 2017 respectively we didn't get any trading updates whatsoever until the following May H2 (FY17 and FY18) trading update i.e. no update for 6 months.

It seems we are breaking tradition. After Odey and his best mate Bromovsky ousted Hurwitz, they tell us cash has gone up £700k in just 31 days (£1.8m to £2.5m) for the first time in the companies history and have decided we will now get a so called "Third Quarter" update on Monday 25th February.

Why suddenly give us a third quarter update?

[paddyfool] 14/2/2019 12:58

My broker couldn't get any, and he told me there were very few sellers eventually was able to part fill my order its still in the market being worked.

[geraldus] 14/2/2019 12:30

Speaks volumes for Rick.

[bs76] 14/2/2019 11:46

shorts have gone down drastically. stock lending is all time low

euroclear stock lending
Nov2018 2,713,344 2.19%
Dec2018 1,277,386 1.03%
Jan2019 538,798.13 0.43%

but EFH is short around 5.7m shares

hxxps://www.tungsten-network.com/uk/about/investor-relations/significant-shareholders/
"EFH has confirmed that it currently only holds 254,318 of the Loan Shares, although DCIL has a contractual right to re-acquire 6,000,000 equivalent shares in the Company from EFH on maturity of the Loan Facility."

[edwardt] 14/2/2019 11:35

looks like there is plenty changing hands to me. wonder if that loan lot are buying back the stock they need to give back to eddie. not sure they will have a better level ...

[paddyfool] 14/2/2019 10:59

the mms have no stock.

[bs76] 14/2/2019 10:32

Numbers

Data : FY17 => FY18 => FY19
IH : 15.52 => 17.10 => 17.60
2H : 15:75 => 16.56 => 6.30 (unaudited in 2 months)
Full : 31.27 => 33.66 => 36.25 (estimate- mid )

first thing is that 6.30 in last 2 months gives a run rate of 3.15 per month and it will need to do around 12.35m in Jan-Apr to achieve 36.25m in full year.

[edwardt] 14/2/2019 10:10

it will never be used. lets be optimistic.

[bs76] 14/2/2019 10:08

"EBITDA profit for the full financial year and sufficient capital to deliver current plans."

So no cash raise.

Tung hasn't yet dipped in their £4m overdraft facility. I suppose it will not be required in this financial year.

[phillis] 14/2/2019 09:59

he has resigned
the package has already been agreed

[edwardt] 14/2/2019 08:50

bet he has instructed lawyers.

[pkarnezis] 14/2/2019 07:54

You could be right, Manics.

Welcome home, chemistdude! TUNG: "You can check out any time you like, but you can never leave."