Tungsten Share Discussion Threads

[andrewdbl] 28/11/2020 19:14

First in in '14 out early '19 (stonking loss - my biggest)

Still a client list to die for
Still not able to implement quickly and cheaply
Still hoping to make money from non-core activities
Still burning cash

Still have a soft spot for TUNG. It always felt like it would come good next year. Said this every year since '14.

Nothing much has changed.
Except that TW forecasts TUNG to run out of cash about Aug 21.

[phillis] 27/11/2020 16:46

Sales projections always useless
Who believes a sales person anyway

[sphere25] 27/11/2020 12:04

It's a pile of dung this. Watched the ongoings since the IPO back in 2013. Promises of mega fruit filled jam for years and then they deliver a basketful of jamless bread or a statement like today. Warned about it numerous times at significantly higher levels. Clearly it has been clobbered down but the rating here still gives you the feeling that the market continues being generous imo.

[phillis] 27/11/2020 10:19

maybe not Del

[zinzanno8] 27/11/2020 09:43

Oh dear....

[edwardt] 17/11/2020 19:13

Back to sleep here . One day Rodney

[edwardt] 10/11/2020 17:27

oi oi. someone finally wants them....

[edwardt] 03/11/2020 19:37

More sweets for management - what about beleaguered shareholders? We buy shares out of tax paid income - so should they. Rant over.

[edwardt] 16/10/2020 18:27

Do not recall being offered that!

[largeronald] 06/10/2020 16:22

Anybody else wish they'd taken the 80p offered a few years ago?

[edwardt] 06/10/2020 14:56

somebody buy this and take this private and put me out of my misery!

[edwardt] 15/9/2020 15:35

odey clearly impatient now. we need some news of big wins that pay today not tomorrow.

[zinzanno8] 07/9/2020 10:17

There is no prospect of a catalyst to drive the share price? The FY21 outlook is just more of the same dependent on COVID impact...I was looking for a strategy around how to grow the business i.e acquisitions. The current model is not going to move the valuation of the business to a PE of around 5-6?

[edwardt] 07/9/2020 08:01

read ok to me.

[netcurtains] 03/9/2020 11:21

Are results due monday?

[edwardt] 21/7/2020 06:28

Let's see if the lemon man can squeeze the pips

[tvh123] 20/7/2020 17:01

hxxps://www.edisongroup.com/publication/resilience-and-promising-partnerships/27317

FY20 trading update: On track

Tungsten’s FY20 trading update signalled the group is broadly on track in terms of numbers and strategy implementation. Revenue of £36.8m was up 2% on the prior year or +3% ex-Tungsten Network Finance (TNF) to £36.3m. Adjusted EBITDA was in line with guidance (implying c £2.7m or £3.7m ex-TNF). Net cash at £3.2m was up from £1m at end H120, largely for seasonal reasons, but still ahead of expectation. New sales billings were flat y-o-y at £4m but accelerated between first and second halves (£1.7m to £2.3m) reflecting traction of new products. As planned, the TNF loan portfolio was wound down in June with supply chain financing continued through a partnership with Orbian. A partnership has been established with a major US bank, which could lead to the addition of up to 28 accounts payable customers, and technical integration with Coupa Software’s Coupalink platform has been completed opening the potential for Tungsten to act as an e-invoicing partner to this business spend management platform.

Outlook: E-invoicing opportunity remains in sight

Over 90% of Tungsten’s revenues are recurring and repeatable, providing resilience. There is still some uncertainty over prospective transaction-related revenue, which dropped post lockdown but is now recovering. Tungsten indicates that if volumes return to pre-COVID levels by the start of H121 then consensus FY21 expectations could be met (revenue c £39m, adj EBITA c £5m). We look to resume publication of estimates later in the year as the situation becomes clearer. On a longer view the pandemic has underlined the benefits of e-invoicing and Tungsten remains committed to delivering the growth opportunity this provides.

Valuation

Tungsten trades on an enterprise to sales multiple of 1.3x compared with peers Coupa, Basware and Esker on 30.4x, 5.5x and 6.9x respectively. There is therefore significant scope for the valuation gap to narrow as Tungsten provides further evidence of delivery of its strategy.

[pkarnezis] 20/7/2020 16:33

Tungsten Corporation’s CEO Andrew Lemonofides and CFO Chris Allen discuss the business model, the impact of COVID-19 and the longer-term outlook for e-invoicing following the release of the company’s trading update for the financial year ended 30 April 2020.

[edwardt] 20/7/2020 15:02

then again we all know that stuff is bullsh!t, right?

[edwardt] 20/7/2020 15:01

amazed no chartists are not here- looks like a classic break out to me. resistance far higher up.

[edwardt] 20/7/2020 13:23

Well done - gotta get velocity of money moving through the economy - just don't pay for it with tungsten stock

[corrientes] 20/7/2020 11:40

Confidence restored is my take. Off to town to do a bit of patriotism by spending some money !

[edwardt] 20/7/2020 10:03

market likes it. i get a sense we on this board have gone through all the emotions possible here and a healthy spate of cynicism usually is the result of dashed hopes but often this is the time the stock confounds investors.