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Share Name Share Symbol Market Type Share ISIN Share Description
Tungsten Corp 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
  +0.00p +0.00% 31.00p 29.10p 30.40p - - - 69,197 12:10:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.7 -12.7 -9.5 - 39.09

Tungsten Corp Share Discussion Threads

Showing 10201 to 10223 of 10225 messages
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DateSubjectAuthorDiscuss
14/12/2018
11:27
I'd like ALL company bosses to be remunerated on a pay-for-alpha system. For those unfamiliar with this, it is particularly appropriate for managers of pooled resource that rewards those that out perform the market and thus add real value to the capital under investment. https://www.forbes.com/2010/01/14/hedge-funds-fees-alpha-madoff-personal-finance-lars-kroijer.html#177292277d57 I am pretty certain that such practice could be tweaked for all bosses. Mr Hurwitz appears to have achieved about nil during his tenure except to have inflated his bank account.
erogenous jones
14/12/2018
11:24
yes may be they will draw from HSBC overdraft facility to pay him off :(
bs76
14/12/2018
11:12
pretty sure the severance package is the only thing keeping him in situ. i must admit his performance on the last two calls was decidedly shaky. I don't recall the old chairman being on a call - clearly he is hovering over him like a bad smell.
edwardt
13/12/2018
20:22
HERE HERE HERE HERE!!!!
dollarzpounds
13/12/2018
12:19
bonus of £1.5m to be paid in shares! try this - get a bonus when you deserve one. it is clear to us pi's at least that shares or cash bonus are not deserved. eat some humble pie because we as investors are forced to eat 'beans on toast'.
edwardt
13/12/2018
11:08
THIS NEEDS A SHAKE UP. Pitiful stagnation from a business that should be flying, more excuses than an 8 year old who hasn't done their homework. I have lost thousands it's about time some of these high paid ineffective execs lost their jobs starting with Hurwitz!!Tungsten sending us into Christmas and the new year under a black cloud YET AGAIN! Disgrace.
dollarzpounds
13/12/2018
11:06
Bit of a curates egg. Just my opinion. B- sounds well, a bit meh: Net Cash 2.0m - I was hoping for 2.2 After adjustments burnt 1.4m over the last 6 months EBITDA + over FY 19 - but they capitalise some costs don't they sounds good: revenue 36.5, costs 34 sounds boring: "Tungsten is a launch partner of Mastercard for their new Track product and has started sales and marketing of its Trade Directory, expected to be available in early calendar 2019. Mastercard Track will help customers to manage supply chain information and risk and we will have the future opportunity to work with Mastercard on payments. This product leverages one of our key strengths, supporting an accounts payable team to manage relationships with the tail of low volume suppliers." and I bet that they dont make money out of the "tail of low volume suppliers." sounds like we are not getting there: "Tungsten Network Finance ... However, this part of our business remains in start-up mode, contributing an EBITDA loss of £1.2 million in the period. As part of the new Board's work to assess revenue growth opportunities we will be looking at the most effective ways of taking Tungsten Network Finance forward." it needs to grow fast or be shot. They made .4m on 68m which is growing at ~100% pa The means a loss has to be sustained for 2 years _if_ the current rate of growth continues sounds like the ode to freedom: "Excluding the settlement of £0.6 million of exceptional costs, the Group was cash positive over November 2018. Future cash flow will reflect the ongoing business performance improvement and the seasonal positive working capital in our fiscal third quarter from annual maintenance renewals of our Workflow product." CASH POSITIVE - this might - just - be a viable business! (which is where we all hoped it would be 3 years ago) sounds like money for old rope: "The Group is currently updating its business plan for FY20 and beyond. The Board and management are being supported by consultants in this work to help provide an external perspective on the market, opportunities and Tungsten's position. The total cost of this support is expected to be £0.25 million. The initial work on this business plan suggests that an increase in revenue and profit growth rates is achievable in FY20." If TUNG bought me a pint and a pie, I could tell them that if they control costs, all things being equal they will make more money next year. What is the management - esp the new NEDs for? sounds like they reserve the right to ask for money: "As part of the operating review, the Board is assessing forming additional strategic partnerships that can increase our services without the need for significant investment, as well as other opportunities that may require additional resources." really? - I doubt this would get funded on CrowdCube at the moment - come back when you have shown you can make a real profit.
andrewdbl
13/12/2018
09:18
Hurwitz is going to feel v uncomfortable under the scrutiny of the new NEDS
phillis
13/12/2018
08:52
Yes either he will be out or reduced cash incentive. “Additionally, the Board has taken advice on the level and structure of total employee remuneration. It intends to consult shareholders on a move from a structure of share options to awarding free restricted shares and from performance-based cash bonus to performance-based free restricted shares. The Board considers this important to appropriately align the remuneration structure with shareholder objectives. “ They should have done this long time ago similar to tech companies in US
bs76
13/12/2018
08:20
Would not be disappointed if Hurwitz were booted. A hopeless, ineffectual, over compensated and over promoted waste of rations. Another set of dismal results
erogenous jones
12/12/2018
14:51
As chipper as a turkey on December 24th
dollarzpounds
12/12/2018
14:04
whose feeling chipper for tomorrow?!
edwardt
08/12/2018
08:12
That would be nice. Tonight’s Lotto numbers are.... Looking at Tradeshift’s website it seems like it has succeeded in dynamic discounting where Tungsten has not yet got going. Basware is moving to a SaaS model. Presumably Tradeshift wants its client list. If others can succeed, why not TNF? Perhaps it requires a load of IT spend. Dunno. Numbers this week I think.
fiftha
07/12/2018
12:09
basware - In response to media speculation, confirmed that it had been approached with a non-binding and highly conditional indicative proposal for a possible tender offer for the entire share capital. Tradeshift Holdings Inc.’s intention is to launch a recommended public tender offer of €48 per share in cash for all shares on a fully diluted basis. Co. to release further information at an appropriate time.
edwardt
06/12/2018
10:52
Tungsten Finance Apr 16 => Apr 17 => Apr 18 => July 18 Daily Average outstanding 12.2m => 14m => 43.4m => 60.9m Revenue 14,000 => 152,000 => 342,000 => ??
bs76
05/12/2018
16:57
"Anyway, does anyone have a view on why Tungsten Network Finance has failed, so far, to generate meaningful revenue?" - low interest rates (cheap) - plentiful credit (easy) - poor leadership (well, just not delivering to ET's vision) Interestingly, things are changing in those areas. btw, what is meaningful in your opinion?
andrewdbl
05/12/2018
16:55
stock lending data from euroclear NOV18: 2,713,344.36: 2.19 OCT18: 2,162,990.17: 1.74 SEP18: 2,302,007.30: 1.86
bs76
05/12/2018
15:24
What's the problem with the 'notice of interim results' RNS? Looks quite normal to me. Same sort of date for H1 as last year. Anyway, does anyone have a view on why Tungsten Network Finance has failed, so far, to generate meaningful revenue?
fiftha
05/12/2018
14:54
"One for the ages" I bet they have the TUNG trade down as, at JPM.
manics
05/12/2018
14:51
There are no short positions over 0.50% now...JP Morgan closed below to 0.49% on 30 Nov 2018...Probably plenty below this threshold though.
zinzanno8
04/12/2018
16:47
It is a really poorly worded RNS. This is their FY 2019 and its the results for the first half of this FY year (interim can be interpreted in many different ways!). Surely it is not hard to make a nice clear announcement - lets hope the presentation of results on the 13th is very clear My guess for Cash Balance at the 1/2 year: £2.5 M. And now something like £2 M
wildlyoptimistic
04/12/2018
15:31
The FD is far too important to take telephone calls according to the receptionist. My conversation was short and direct with her and with Mr Clark, General Counsel. I tend not to mince my words.
erogenous jones
04/12/2018
15:24
EJ +1 but this is not education. It is basic attention to detail - tying your shoelaces. Moving on Guess the Cash balance. ("Cash at the end of Q1-FY19 was £3.9 million.") I think 2.2
andrewdbl
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