Tungsten Share Discussion Threads

[bs76] 23/5/2019 15:37

As a shareholder, I only hope somebody will buy this out :(. I suppose Odey and Ed would like the same.

After TNF is sold, Tung will have around 36m revenue and 31m cost. So they will have around 3-5m of cash to invest in network every year.

And It will easy to sell cash +ve company

[andrewdbl] 23/5/2019 13:39

Possibly a marker of better times
Stockopedia (g neary)

Instead of analysing it, I've assumed up until now (on the basis of headline results and the commentary around it) that this is just a worthless fintech company.

Today's results offer some encouragement: there is positive EBITDA of £2.5 million for FY 2019 (excluding a division which is to be sold), on the back of a 6% increase in revenues. Transactions being handled by the company increased by just 3%.

The modest top-line growth and growth in transactions will fail to excite many investors but the cost savings initiatives do appear to be working, with more savings to come in FY 2020.

I also see that revenue growth must have improved a lot in H2, since it grew from just 2% in H1 to 6% for the full year.

The update is in line with expectations.

My view - I think this one might finally be worth looking into.

On a note of caution, the forecasts visible to me suggest that despite positive EBITDA, it will remain loss-making in the current financial year. Depreciation and amortisation add up to c. £4 - £5 million.

Perhaps it can beat these forecasts

[andrewdbl] 23/5/2019 09:02

Not nowhere.

Iirc ob10 never made money.

Just stuck on one of those stopping busses that take forever to get anywhere.

I hold tung to serve as a constant reminder to not buy stocks like this.

[dollarzpounds] 23/5/2019 08:28

In short - going nowhere. Rather like OB10 before this debacle started.Well done Edi Truell and co bravo !

[bs76] 23/5/2019 07:14

Cash up by 0.8m in last quarterCost reduced to 31m which should give a good boost to cash in coming quarters. Selling tnf :(. Which should bring some cash. So first point not going bust. Second - it will have extra 2-3 million every year to invest in the tungsten network.

[dollarzpounds] 22/5/2019 20:02

You still in Manics? Strategy from here?

[manics] 22/5/2019 17:00

OT but Paul Scott deleted his Twitter account this week, after drunk trolling VRS.As with us TUNG investors - he didn't learn too much over the years!

[dollarzpounds] 22/5/2019 16:54

Same old stagnation and excuses

[bs76] 22/5/2019 16:23

result tomorrow. What do we expect?
:(


Stock lending is less than 1% (as per euroclear april report)
1206836.18 0.97

I suppose no more pressure of going bust or cash raise (at least in near future)

It's a big slap on the guys calling it going to zero in 2017 :) well i suppose it will still be there in 2020

And nothing exciting for shareholders as well :(

[zinzanno8] 17/5/2019 16:30

Wonder what's happened to Andy Bass? New chappie in Leadership team- Andy Standring - Chief Revenue officer??

[dollarzpounds] 30/4/2019 19:50

So all in all what are we saying here lads and lasses is the share price is just going to bob up and down like a bit of driftwood for the foreseeable unless a takeover appears?

[andrewdbl] 30/4/2019 16:52

the tl;dr version:
We got some external consultants in to provide the strategy
We will let a procure to pay org in - this is the future
We will let Data Interconnect in - we might make some money out of it
We are busy extending the product in ways that few people are really interested in
We have workflow V5 wooo
We have moved to AWS
We will make it easier to onboard clients
We will cut costs by £1m pa and pay the new execs less
We will give ourselves lots of share options
We will sell TNF

Well, after all that I can see that they will not go under,
probably not need a raise either

probably not make big profits either.

... and it took over 4 years to get back to roughly where OB10 left off.

[paddyfool] 30/4/2019 13:07

So something happened with the last CEO process.....the entire shortlist declined?

[bs76] 30/4/2019 08:55

New management's focus is to reduce cost. So should be ok.

[edwardt] 30/4/2019 08:18

wonder how much the review cost us?

[dollarzpounds] 23/4/2019 18:03

It's Edi Truell again and they daren't tell us !

[pkarnezis] 23/4/2019 14:58

Dude, Where's My CEO?

"Our process to appoint a new CEO has identified some exceptional candidates, and we expect to announce an appointment next month". - 25 February 2019

[davemac3] 15/4/2019 09:11

another chunky director buy

[paddyfool] 11/4/2019 16:46

and there you have it.......

[dollarzpounds] 11/4/2019 16:12

Curiouser and curiouser ......???

[dollarzpounds] 11/4/2019 10:34

A rather large pick up out of the blue????