Tungsten Share Discussion Threads

[pkarnezis] 21/6/2016 11:24

Happier now EJ?

[andrewdbl] 16/6/2016 19:36

I was going to wait for the chaos on thurs/fri - which will happen whichever way things go.

Personally - and please correct me if I am wrong - TUNG has a fair amount of overseas income, but most of its costs are in the UK

So brexit is a positive here imo

[pkarnezis] 16/6/2016 19:01

Next week, I'll be mostly buying... TUNG.

[chemistdude] 16/6/2016 16:30

Anyone else having a few at these levels? 1064 added, in for a penny, in for a pound.

Actually if history repeats itself, when I buy it is usually a signal to sell as it will drop further!! (hence only a token purchase this time round)

[1gw] 15/6/2016 10:30

Euroclear May data finally made public and it shows shares on loan actually went up. However, since the Euroclear figure is an average for the month, Numeric's and Oxford's declared reductions on 31st May will have little (if any) impact on the May figure but might be expected to show up in the June data.

Jan'16 9.7m shares on loan (average)
Feb'16 10.8m
Mar'16 10.8m
Apr'16 10.0m
May'16 10.6m

[dollarzpounds] 15/6/2016 09:52

Thanks pk !!

[pkarnezis] 15/6/2016 09:26

Dollarzpounds, there was an article last week that is tangentially relevant to your question, here's the link for those who haven't seen it:

spendmatters.com/tfmatters/why-2016-is-not-proving-to-be-a-transformational-year-for-business-finance/

[dollarzpounds] 14/6/2016 15:14

I would like to throw this one open and get a little debate going on here as the company do not throw us many (any?!) RNS bones these days and as a distraction to the Brexit Storm gathering around us . It has been widely reported that Prabhat has come on board to get the TEP firing on all cylinders and the company had already made great strides in dismantling many of the barriers in the way of TEP sign up and useage . But what other changes , ideas , proposals , actions do my learned friends on here think Prabhat may come up with? What would YOU like to see ? What 'fixes' or innovations would see TEP performance improve in your opinion ??

[chemistdude] 14/6/2016 14:24

Lol Manics, same! (ツ)

[manics] 14/6/2016 14:17

I'm voting Brexit to try and keep Edi happy.

[bs76] 14/6/2016 14:02

FTSE100, FTSE250, AIM50 and AIM100 - all down by 4-5% in last 3 days. Tung down by 10% in last 3 days

volatile time ahead :(

[andrewdbl] 14/6/2016 13:56

Even so, I sit to one side at 48 as - no comment on TUNG's prospects - I can see the share price of many big and small caps taking a dive over the next few weeks.

[chemistdude] 14/6/2016 13:31

Nearly 3.3million bought just a few trading days ago, and now dropping below 50

[hamnavoe] 13/6/2016 10:39

One of David Cameron's biggest donors has withdrawn his financial support for the Conservatives and is considering quitting the party over the way the Prime Minister has handled the referendum, the Telegraph can reveal.

Edi Truell, a pensions expert who has donated over £270,000 since 2010, said he will only hand over money if Boris Johnson or Michael Gove take over from Mr Cameron after a Brexit vote.

[pkarnezis] 11/6/2016 17:09

Interesting follow up to the article flagged up by chemistdude the day before yesterday:

spendmatters.com/2016/06/10/musings-on-tradeshifts-latest-funding-round/

"Some platform-based businesses in B2B can take time to achieve critical mass, and as such, investors hope to see some “platform effects” (i.e., network effects due to the platform)..."

[andrewdbl] 10/6/2016 20:04

price rising on no volume = market maker building up stock for someone?

[chemistdude] 10/6/2016 09:10

A few decent after close trades published yesterday evening:

09-Jun-16 18:57:43 54.00 1,531,130 Buy* £826.81k O

09-Jun-16 18:57:45 54.00 996,559 Buy* £538.14k O

09-Jun-16 17:33:22 54.00 740,080 Buy* £399.64k O

That's 3,267,769 bought, I wonder if it will trigger an announcement?

Little tranche of 1085 added for my boy's Childrens ISA this morning.

[chemistdude] 09/6/2016 22:59

Tradeshift raises $75million in recent funding round (total of $205million raised this year). Valuation of $600million on $50million revenue.....yeah right.

[dollarzpounds] 09/6/2016 16:49

....and that is 'the size of the prize' potential here still ENORMOUS ! It's up to the Tungsten team to grab it with both hands and establish our company as THE 'go to' business finance provider because if they don't someone else surely will . No more excuses from here on !!

[pkarnezis] 09/6/2016 16:06

An article re invoice finance here, citing TUNG:

www.growthbusiness.co.uk/news-and-market-deals/business-news/2528901/objection-late-payment-lawsuits-no-longer-valid.thtml

The box at the bottom is particularly interesting:

"More than 44,000 businesses receive over £19 billion of funding this way at any one time, according to the Asset Based Finance Association, which represents the invoice finance industry in the UK. Up until last August, however, the size of the market was limited by clauses designed to prevent suppliers from sub-contracting work. These clauses often led to blocking invoice finance arrangements, with bans on assignment imposed by large companies on their smaller suppliers. As of August 2015, this ban has been lifted, providing SMEs with unfettered access to finance."

[andrewdbl] 07/6/2016 19:34

CD
I am continually amazed by your google-fu.

[chemistdude] 06/6/2016 23:45

VA extends for potentially 4 more years:

Interesting link that explains how Tungsten is tightly intertwined with the VA's payables process. Good to see one of our biggest customers extend contracts.

A few choice quotes for those who like bedtime reading ;)

"The period of performance shall be from May 1, 2016 through April 30, 2017, plus three 12-month options periods. In addition there are four optional tasks that allow Non-VA federal agencies to obtain the aforementioned Tungsten e-invoicing solution. The optional tasks may be exercised at any time during contract performance, but will not exceed the contract's 4-year period of performance. These optional tasks will not exceed 12-months per task, the total order value of $8,671,508.05"

"Without the renewal of the existing integrated Tungsten e-invoicing capability, VA's ability to process and pay the estimated 1.2 million invoices to over 30,000 vendors would be substantially disrupted for this 2 year period while new interfaces and web portals are created and implemented."

"Efforts to Obtain Competition: Market research was conducted, details of which are in section eight of this justification. This effort did not yield any additional sources that can meet the Government's requirements. There is no competition anticipated for this acquisition."

"No other solution, other than the Tungsten e-invoicing solution, can provide automated integration, which is a critical VA functional requirement. Any other solution would require the use of a web form to manually enter invoice data. Using this web form would not meet VA's requirements and would result in a severe processing bottleneck of claims which would severely impact VA's ability to pay invoices in accordance with the required timelines specified in the Prompt Payment Act. In addition, when a vendor registers for a web form, A&T as well as VA FSC Nation Wide Vendor File Division must take actions, such as activating the web form request and validating the banking information, which is a labor and time intensive process. There are various issues with using a web form. Specifically, it is common for many vendors to have a base tax identification number and numerous suffixes to identify specific departments and divisions within its organization elements spread-out over the entire nation. These entity base tax identifiers are further complicated by the fact that there are often different bank accounts associated with each suffix. If the banking and billing information is not identical to what is submitted and on record in FSC, the vendor must be contacted by a VA FSC Nation Wide Vendor File Division technician to reconcile any differences. This takes about 2 business days per request, which would be required initially for all 30,000 VA vendors. If all 48 FSC personnel were devoted to this task, it would take between 4 to 5 years to complete processing of all the web forms requiring reconciliation."

"Tungsten's current SaaS solution, which is supported by A&T, supports over 250 automated integrations with high invoice volume VA vendors and over 29,000 web form accounts used by lower invoice volume vendors. These 250 automated integrations allow for vendors to submit electronic invoices directly to VA without the need to manually upload and submit documents or manually enter invoices through a web form. Using automated integration accounts for 40 percent of all invoice submissions to FSC. VA estimates that recreating over 250 automated interfaces to a new e-invoicing solution would require a transition period in excess of 2 years for successful completion. This is based on previous efforts for similar transition periods."

"Market research was conducted by VA in December 2015 by posting an RFI on FBO. Three responses were received, and based on reviews of these companies' products and services offered, the Government's technical experts determined that only one of these sources, A&T, the sole reseller of the current Tungsten solution can meet the Government's requirement for e-invoicing services. The three responses received were from A&T, CACI, and Datarose. CACI and Datarose did not show any ability to meet VA's functional requirements, specifically the automated integration function as discussed in section 5 of this justification. Also, these solutions would not allow for PO Flip, Invoice Status Service and the process for offering and capturing discounts, which would have to be integrated in any new solution."

Hopefully TUNG are on the case and doing everything they can to encourage the fed's to exercise their "four optional tasks" to install TUNG in Non-VA federal agencies.

[chemistdude] 06/6/2016 13:17

Serco was identified a while back mate, deemed a back channel into NHS.

Didn't know about the special agreement. Serco are paying the fees then...

[pkarnezis] 06/6/2016 11:43

Also, interestingly, Tungsten won't be charging Serco's suppliers for their invoices:

"Web Form Process is free. Serco Suppliers will not incur any charge from Tungsten Network to submit their invoices using the ‘Web Form’ process. This is a special agreement that Serco have negotiated with Tungsten Network."