Tungsten Share Discussion Threads

[chemistdude] 24/5/2016 08:27

With Duracell we are starting to penetrate into Warrens unlisted business'.

[edwardt] 24/5/2016 08:15

for me it reads quite well - a re-boot of expectations and the business model. time to sit back and see it grow steadily for a long time imo.

[bs76] 24/5/2016 08:10

Tep penetration is 0.038 => 79 suppliers out of 203,000

79 took £100m in 1 year. that is avg of £1.25m per supplier

So potential is there even with small increase in number of suppliers taking finace

and cash £39.1m (after bank sale) or £34.1 (if bank sale fails)

that is enough for 3 years with current cashburn rate, (btw it's reducing)

hpcg, I doubt it will wound up.

[hpcg] 24/5/2016 08:03

A negligible increase in buyers which is what drives the business. Invoice financing requires a magnifying glass to see. Language on the bank sale was less than positive - looks like it will be wound up not sold.

[bs76] 24/5/2016 07:39

and most important point :) change of lauguage

from EBITDA postive to cashflow postive - which is a real update


Tungsten has started FY17 with clear strategic goals developed following the Company's leadership transition in July 2015. The newly enhanced management team is focused on implementing the steps required for the Company to become cash flow positive by the end of FY17 and will provide updated revenue and profit guidance at the time of its final FY16 results announcement on 25 July 2016.


and cashburn burn down from over £2.2 in FY15 to £1.1 in FY16

[bs76] 24/5/2016 07:27

On track to recovery

Cash balance $9.1 more than expected £8m (excluding bank).

Total buyers - 175 => 11 new, 3 left and 6 reduced because of customer merger

buyer renegotiations with 34 buyers => 64% on a like-for-like basis. (All 11 new must be on similar higher price)

total suppliers 203,000 , new 22,000, or 12% increase,

Invoice value grew by 20% to £123 billion.

TEP Finance => FY15- £32m , FY16- £100m (was expecting bit more)

[manics] 24/5/2016 07:13

Good growth in the network overall (suppliers & invoicing) though TEP can't have moved much since February -seemingly because it isn't fixed yet. Nothing at all on Analytics (Goldsmiths working on something that the market wants we hope).

Action will be back ended this FY imo (after bank sale, after 100 day plan, after journey to +EBITDA).

[togglebrush] 24/5/2016 07:13

FWIW
'
Pre Close Trading Update is out

[bs76] 23/5/2016 16:59

No Short update. well no short update since 12th April and that's longest time without any update since first short appeared in 2014.


Best of luck for tomorrow.

[chemistdude] 23/5/2016 16:35

Yep a few have strapped in for 2moro. GLA

[dollarzpounds] 23/5/2016 16:30

Thinking +ve come on Tungsten !

[manics] 23/5/2016 16:13

Well, one or two up for the gamble it seems. GLA.

[manics] 20/5/2016 16:44

...bit of demonstrable monetisation would be nice next week.

[chemistdude] 20/5/2016 16:36

Aye Andrew but we have 97.5% buyer retention, 99.8% by transaction volume and 99% revenue retention as of Feb 16 according to capital markets presentation so not too worried about client losses.

[andrewdbl] 20/5/2016 16:32

The trouble is you don't know if they are not talking about the bad staff as well as not talking about the good
- or there is no bad stuff.

We can spot the good stuff in some areas like new clients.
Much harder to spot lost clients - except possibly the competitors websites.

[pkarnezis] 20/5/2016 14:07

It could certainly be a recent sign-up, yes. I could find no press announcement about it on the web. The only clue is a post on BlueShare from January:

"I occasionally do freelance work for Electrolux, just had an email that from Feb 1st any invoices submitted must be via EDI or E invoicing through Tungsten

Starburst, Jan 7, 2016"

hxxp://www.blueshare.co.uk/community/index.php?threads/tung-tungsten-general-share-chat.2248/page-33#post-54043


I kind of like Tungsten's newly found virginal coyness.

[chemistdude] 20/5/2016 12:20

Pkarnezis you might want to double check me but think this may be a new buyer:

Electrolux

[chemistdude] 17/5/2016 14:10

Kevin Wilbur promoted to President of AP Automation:



I thought he came across very well at capital markets.

[edwardt] 17/5/2016 08:36

fair point - my mistake! still worth a call!

[hpcg] 16/5/2016 21:21

Virgin America. All the Virgin airlines are separate entities.

[edwardt] 16/5/2016 16:35

hopefully tung team have put a call into Alaska air who have bought Virgin Atlantic - two clients for the price of one!

[chemistdude] 16/5/2016 14:06

Thanks pkarnezis. Hurwitz must have a tall hat by now....

Btw expect the new web positioning unveil by end of June.

[pkarnezis] 16/5/2016 13:46

Not new chemistdude, Virgin came on board a while back:

hxxp://eeiplatform.com/3876/virgin-atlantic-adopts-ob10%E2%80%99s-global-e-invoicing-solution/

[chemistdude] 16/5/2016 13:33

New buyer? Virgin Atlantic

Page updated 2nd May 2016:

Hopefully the first of many "Virgin" business' to come on board