Tungsten Share Discussion Threads

[bs76] 19/4/2017 14:03

tung trading on new exchange - nex :(

Bid offer on that is 53-58

[andrewdbl] 15/4/2017 00:24

I was first in 9/7/14 @282.15

trading as well (though with the paltry leverage ig gives me I cannot really call it leverage or trading and the spread is just silly sometimes)

current average is 61.3

the continued Tung holding is the thing I use to stop myself from making a mistake like this again.

On 'the network is the value' - absolutely - and DW agreed at the last AGM,
but quite how that fits in with the depreciation allowance used I do not understand.

[bs76] 13/4/2017 10:18

:) I'm still in. I haven't made money but has recovered (minimizing the loss) by trading in and out of Tung. I still have few shares left which I bought around 220p. Every time I make profit on Tung CFD's, I sell few of old shares with share loss same as cfd gain.

Shorters have increased shorts in last month.
Euroclear stock lending
March 2017 - 4100800.65 - 3.32%
Feb 2017 - 3401653.85 - 2.75%
Jan 2017 - 4700961.36 - 3.81%

This is first increase in last one year. Not by great amount. So must be small time guys.

Looking forward for cashflow breakeven in 2017. If that happens Tung should be over 80p.

I'm waiting for takeover bid. I hope somebody will buy this out as network is of value and building a new network from scratch in this area is not easy.

Even though Coupa and Tung have different model, their comparison still looks intersting

Coupa network (expected Revenue for 2018: $167- $170m, loss: $27-$30m Network process $360billion, market cap: $1.5b)
Tung (expected Revenue for 2018: £33-35m, loss: not sure, Network process £133billion , market cap - £71m)

[manics] 13/4/2017 07:06

Are you out at the moment bs76? I have the opinion that you're about the only one of the old school to have actually made money here!Reckon we can do a quid this year? I have no idea personally.

[bs76] 13/4/2017 07:00

Not much but still it's good to see largest holders( truell & Odey) doing well. Until I hold tung ;)

[dollarzpounds] 12/4/2017 23:07

What does that mean for us ? If anything ??

[bs76] 12/4/2017 22:23

Truell sets sights on 10 digits for primary fund – ExclusiveDisruptive Capital Finance, the family office chaired by Edi Truell, has upped the target for its primary fund from £500m due to investor demand.- See more at: https://www.privateequityinternational.com/news/europe/2017-04-06/truell-sets-sights-on-10-digits-for-primary-fund-%E2%80%93-exclusive/#sthash.Me60ZaZo.dpuf

[bs76] 12/4/2017 22:22

https://www.privateequityinternational.com/news/europe/2017-04-06/truell-sets-sights-on-10-digits-for-primary-fund-–-exclusive/"Disruptive Capital Finance, the family office which has so far invested on a deal-by-deal basis, is looking to raise up to $1 billion for a new primary vehicle, chairman Edi Truell told Private Equity International.Truell said he has yet to decide in which currency Disruptive IX will be denominated, but it is likely to be in US dollars. The fund, which is in pre-marketing, was originally expected to seek £500 million ($624 million; €585 million), as reported by PEI."

[dollarzpounds] 05/4/2017 18:55

Good spot pk ! We are reliant on pi detective work such is the dearth of news from our esteemed BOD ?? We are truly the ' mushrooms ' of the investment forest !

[pkarnezis] 05/4/2017 16:43

I see there is a new member of the leadership team, another American, Head of Global Sales. He started in March, from Lexmark US:



Ruud van Hilten, Strategic Business Development, who's been with OB10/TUNG since 2006, is no longer listed in the leadership team page (but he wrote a couple of blog entries very recently and he's still with TUNG according to his Linkedin profile).

[edwardt] 03/4/2017 08:15

surprised that has not necessitated a rns either way....

[manics] 31/3/2017 17:54

Cheeky delayed trade from Wednesday:

Price:56.25
Time:16:53:55
Qty:4,338,697

Bulk of Edi's shares going out the door from cashforshares.com? Bid/ask was 57/57.25 pretty much all day that day.

[andrewdbl] 30/3/2017 13:46

M, I suggest you replace the chart with

[dollarzpounds] 29/3/2017 21:29

I do feel old andrew yes

[andrewdbl] 29/3/2017 17:39

No, it is a sign of old age.

Expect not much until ~24 May

Even then don't expect much

[dollarzpounds] 29/3/2017 15:13

I'm sure I've just seen some tumbleweed ...........

[pkarnezis] 21/3/2017 11:24

I agree with EJ. Patience, grasshopper... (Did anyone else used to watch that 70s show?). Mistakes have been made (the bank, the hyping up, misjudging the interest in analytics (not much at this stage)), but that's part and parcel of any innovative business. TUNG's competitors are loss-making, too (Basware, Coupa). This is one for the long haul.

Re Dollarz' frustration at the slow growth of the financing side, a recent article on SCF from Australia gives a few hints:

"It is typically the supplier education and on-boarding piece where the most pain is felt with these programs and the reason why these programs take time to scale. There is a lack of understanding by suppliers and this is not helped by poor explanation on the part of banks and 3rd party providers of this product. They struggle to overcome the Australian psyche of “if it appears too good to be true, it usually is”."



So it's not just TUNG's problem. As regards the share price, I guess the occasional large move higher (Jan-early Feb the most recent one) is made thanks to low conviction "investors" who are prone to jump in when they hear of some positive news or notice the beginning of the trend and who are then being shaken out of their holdings when they start losing money (the market makers know that).

[dollarzpounds] 21/3/2017 11:04

To even the argument out a tad and inject a bit of positive energy it is worth pointing out that the market cap is tiny so it would not take much good news / figures to really make a significant difference to the upside, we live in hope...

[dollarzpounds] 21/3/2017 10:21

If prostitution is ' the oldest profession ' then money lending can't be far behind it on the list and yet it seems a virtual impossibility to the very well paid professionals in charge of this company ? It is a common theme ( moan ) of mine that we are told the demand is huge yet the lending is minute, I'm not a clever PHD holding director of a Einvoicing company but even I can figure out that that fact has to be the fault of the PHD holding directors of this Einvoicing company . ITS QUITE SIMPLY NOT BLOODY GOOD ENOUGH!All is not well here and the way us pi's have been treated since this thing floated is a disgrace in my opinion , the only interaction I had ever had with tungsten before I had heard of this mob was throwing darts at a board - I wish I'd never left the oche to call my stockbroker !

[andrewdbl] 21/3/2017 09:21

Shoulda, woulda, coulda.

+1

[manics] 21/3/2017 05:47

There's not much (nothing) to cheer at the moment.

The talking here has stopped already, no? There's nothing coming out of the company outside of a seemingly increased amount of industry PR and social media activity.

We've not had any fundamental updates or tangible development RNS's.

The coming quarters though and it will all come out as the company is forced to report. I will snap my Tungsten pen in two if I'm told "this is the year of execution" for the third year straight.

Personally, I'm starting to view my position as a tax loss. To date it's been an absolute disaster and I can't see anything, anecdotally, fundamentally or otherwise that makes me think things are on a decent rebound.

Rick appointment. Prabhat 100 day plan. Sacking off Insight. Year(s) of execution phasing. Strategy all seemingly adding up to zip. Still the market values Tungsten far less than the sum paid for its parts! Should have returned cash at IPO!

I do believe however that if the City hadn't gang raped Edi back in 2015 then things might well have been different. The initial "growth by acquisition" strategy would have generated strong newslow, established NAV, and better driven the share price imo.

Shoulda, woulda, coulda.

[bookbroker] 21/3/2017 05:22

This co. needs to concentrate on its existing strengths, if there are any, expanding into new territories like India at this stage is ridiculous, so far there is no evidence to suggest that Horowitz has turned things around, it'll be another cash call soon, they burn cash paying their salaries and expenses, and shareholders get screwed, I just don't see the point of a junior market, private cos perform better, the talking here has to stop, they have cash now but for how long! Directors are no better than thieves, it's several years now that this co has had, from over four quid to nothing at this rate!