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
  -3.60 -8.26% 40.00 40.00 41.90 41.00 40.00 41.00 30,420 12:13:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 36.0 -5.3 -2.7 - 50

Tungsten Share Discussion Threads

Showing 10326 to 10347 of 10475 messages
Chat Pages: 419  418  417  416  415  414  413  412  411  410  409  408  Older
DateSubjectAuthorDiscuss
22/2/2019
10:47
I suppose Hurwitz was brought in to stabilize and expand the company. IMO he did well in the first by increasing revenue's from 22m to 36m and could have done better on the cost reduction(45m to 36-37m). He was able to increase revenue from existing customers by standardizing contracts and streamlining support of those contracts but couldn't expand the business. Either way IMO he has done better than OB10 management and Ed Truell. IMO The reason for his oust is - 1) failure to get any traction with Finance (I would blame Prabhat Vira as well) 2) no traction with other adjacent services (FX, Analytics) 3) Not able to expand in other geographies (India). Tradeshift has done better globally in the same time 3) and the main reason- his salary was way above his performance Future as Odey company (or Odey and his mates):) I suppose they should fire whole of Tung finance team to bring down £2m of cost. I don't think they are adding any value. Bring in Employees share scheme and reduce cash salaries. That will make this network company cashflow positive. Share was priced for another cash raise. If they can avoid that then the price would re-rate. Not sure about Odey's plan for Tung. First option is to sell(Highly likely). Buyer will be an another company or private equity. I don't think it will be hard to sell positive cashflow network (if we take head office/listing cost out) Second is take it private and improve the business and then sell to recover his money. Third let it run as public company and try to expand. As PI we can only wait and watch :(
bs76
20/2/2019
13:58
A profound and accurate summation I would suggest Sir/Madame.
dollarzpounds
20/2/2019
13:51
I can only wonder if Mr Jones did not like my reply to his message implying Hurwitz was brought in specifically to 'expand markets' ? And he said he was 'happy to be corrected' well I meant no malice and cannot see why he would react like this if indeed it is my reply that is to 'blame' but I have lost over £15k on this company and a large reason I invested was because of the reputation and ideas of Edi Truell he came in with many pronouncements, I remember his many early interviews where he virtually scoffed at the OB10 managements history of not making a profit and telling us all what a great prospect this was. I REMEMBER the "trillions, billions and millions" that were mentioned I remember him saying we MUST have a bank I'm sorry if people don't like the facts but I think I have earned my right to a moan and to point out what I think is incorrect in my opinion but it was Edi Truell and his management who made this mess in the first place and Hurwitz was the one left to pick up the pieces? He has done so and his time is over so let's move forward and hope something decent can be salvaged for everyone's sake.
dollarzpounds
20/2/2019
12:39
"Some could argue Rick was the calming influence needed. I'd argue he was asleep at the wheel." I would argue that he did very well with the hand he had been dealt. However it is apparent that ET etc were looking for someone with the capacity to pick up a live chicken, bite its head off and throw the twitching corpse on the table. At that point you are not playing cards anymore, you are talking about the chicken (and the nutter who bit its head off) imo that approach may help in the short term, but rarely longterm.
andrewdbl
20/2/2019
11:51
Erogenous! Mr Jones! What happened? Sold out of TUNG? And why delete all your comments from the dawn of civilisation hitherto? Were you offered the CEO post?
pkarnezis
20/2/2019
11:50
EJ: why? What's the matter?
manics
20/2/2019
11:17
There will be no further contribution from me on this thread.
erogenous jones
20/2/2019
10:45
The business sparked interest because of the synergy between invoicing, financing and analytics. OB10, whilst loss making, was a slow growth business with blue chip clients. It had a ageing tech and a heavy reliance on staff but with investment this would be a profit making business in its own right. Employing powerful analytics, with the ability to finance the invoices and run by an experienced team mean this was a slam dunk. However, Edi was chaotic and wasted vast sums of money. The bank was an unnecessary financial drain. The analytics partnership never worked, meaning the solution had to be built. He never invested in the OB10 area beyond buying a small, Workflow solution. He oversaw a huge turnover of staff including experienced OB10 staff and some of his own hires. When his time was up, it was well rumoured to be his idea to place his man, Rick, in as CEO. Remember, Edi hired Rick as Head of Sales in the US before he became CEO. I imagine Rick found a note in his draw very similar to the one Liam Byrne left for the conservatives. Some could argue Rick was the calming influence needed. I'd argue he was asleep at the wheel. Either way, the reality is the cash pile is small, the financing is pitiful, the analytics non-existence and the invoicing steady yet still heavily reliant on key contracts and in need of investment. I think the board need to find some shiny wrapping paper for Tungsten. Maybe even add a few bells, whistles and free Tungsten socks.
ejcj
20/2/2019
09:44
As I remember it Hurwitz was brought in because it was in a mess of Truells making? How quickly people forget the ' we need a bank ' fiasco ? Let's not re write history here - Truell had his chance chance and he blew it. I bought in at 200p when he was running the show by the time he handed over the reins the share price was a fraction of that. Let's deal in facts not opinions.
dollarzpounds
19/2/2019
16:04
she is probably his replacement
edwardt
19/2/2019
14:09
I do wonder if the Machlachlan appointment was potentially 'the straw' that led to Mr Hurwitz departure? Not that it matters now?Its been good to see the sharp rises in the share price of the last few days but I do not lose sight of the fact that even after all this the share price remains at a DIRE 32p A lot of damage has been done over the last few years and while it is good to see the back of Hurwitz we should also remember it was Edi Truell & co who staked a large part of their reputations on turning the loss making OB10 business that is the basis of Tungsten into a very profitable concern. If indeed he now has more of a say in things again it is his duty to deliver on those promises, the only reason we needed Hurwitz in the first place are due to the failures of the previous management.We are in 'NO MORE EXCUSES' territory. If the people in charge of Tungsten from here can't make a decent profit then you have to think that nobody can and it was / is a flawed business model in the first place. Edi, Odey and the new CEO it's over to you........
dollarzpounds
18/2/2019
14:57
they are going to be given stock for free - why bother buying?
edwardt
18/2/2019
14:25
the last holdings RNS was on 22nd Aug 2018 https://uk.advfn.com/stock-market/london/tungsten-corp-TUNG/share-news/Tungsten-Corporation-PLC-Holdings-in-Company/78118638 Some existing shareholder must have bought/sold more than 1% or by new fund buy/sell of over 3% in last 6 months. why there is no RNS update? And no buy by the board. Only David William has got shares and none of the other in board has bought anything yet. Why are they not buying? may be restricted till trading update on 25th
bs76
18/2/2019
13:49
Dollarz: I just don't know. It's up JUN19. Maybe a trailing stop loss from that point? Then if it's real, great. If not, well OK. FWIW IMO the outlook perhaps favours a buyout, or some other change in equity status (and who knows what Edi & Odey might cook up) rather than simple appreciation of the share price over a time. I see that as more likely than 2-300p.
manics
18/2/2019
11:48
Looks like 3rd Quarter update next Monday will be critical to any companies making a bid. Odey wins either way, whether he gets his takeover bid price or gets the new management to "out" the true value over time.
chemistdude
18/2/2019
11:32
Manics are you keeping to your 5 year rule my friend or hanging on? Would be a shame to leave just when it's getting interesting?!!
dollarzpounds
18/2/2019
11:26
Odey is committed, yes. I don't think anyone can argue that..!
manics
18/2/2019
11:21
I was in last week on the dismissal of the CEO. You have to look at the non exec team they have bought in Odey is deadly serious about turning this into something worth substantially more than this is currently valued at.
paddyfool
18/2/2019
11:05
Anyone adding or thinking of adding?? Anyone buying in for first time??
dollarzpounds
18/2/2019
10:46
If they fix the go to market this will be a multi bagger....
paddyfool
18/2/2019
09:35
I think it's not about Rick leaving. It's about no cash raise. It was priced for cash raise in April and big dilution. If the company become's cashflow positive it will have to re-rate. Tung network is a good asset and the company is in profit/cash postive if we take 3-4 million head office cost out. It will be a good buy by another company or private equity. I wouldn't be surprised if it get offer soon IMO :)
bs76
18/2/2019
09:31
yep market is brutal about taking views on leadership or lack there of. i think this should be on 2 times revenue.
edwardt
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