Tungsten Share Discussion Threads

[bs76] 03/5/2017 12:49

Mr Parker has been buying consistently over last two years. His average looks pretty good :) and these latest buys are in bigger size than before.

27th April 2017
£0.595 140,000
£0.5925 60,000
26th July 2016
£0.43 150,000
17-18 Feb 2016
£0.64 25,000
£0.68 25,000
£0.6527 50,000
13 Aug 2015
£0.7550 28,750
32 July 2015
£0.67999 50,000
21 May 2015 (placing)
£0.80 31,250

[dollarzpounds] 03/5/2017 12:18

A positive sign which , as usual , is greeted with a drop in the SP

[andrewdbl] 03/5/2017 09:23

200k on 27/28 April.
Those are the last 2 trading days before the year end and the blackout starts.

I hope that means something, but equally, right now, I am looking out the window at a cloud in the shape of a bald mans head.

[manics] 03/5/2017 07:32

That's a decent amount to buy imo.

IMS this time last year was dated May 24th. Not compulsory, so we may be waiting a few months yet (for full year results).

[cc2014] 29/4/2017 13:50

"In 2015, when I was first appointed CFO at Tungsten, the team used a whole series of interconnected spreadsheets to produce the company accounts

That is the pace of change currently under way, and while I suspect we are ahead of the curve, it is far from unusual to consider how switching to digital processes can help finance teams target inefficiencies.


I am struggling to understand.. everyone else buys accounting software and puts some BI on top of it. Or do they still do their accounts in a spreadsheet?

[andrewdbl] 28/4/2017 15:39

EJ

Modelling is fine.
If you are _running_ a business that is a bit more that 4 blokes in a shed, you need to be a bit more careful.
I used to see (infrequently now, but still happens sometimes) accounts done in a spreadsheet and then 2 and then N and then someone inserts a column or does not add up the whole col (only adding rows 10 to 1000) and then things start to go south.

[edwardt] 27/4/2017 16:52

anyone get chance to listen in to the event, I unfortunately missed it and can not seem to get a playback.... summary would be greatly appreciated...

[pkarnezis] 27/4/2017 16:51

For those who are interested and didn't have the chance to watch it, I uploaded the Tungsten-Orbian webinar (lots of info, especially in the Q&A section) here:



(there is a brief connection error at 41.00-42.00 min)

[andrewdbl] 26/4/2017 23:16

anyone who uses more than a one sheet spreadsheet outside their accountancy app is pretty much admitting failure.

a bit like talking up blockchain (as it currently exists)

they do not scale in the real world.

[dollarzpounds] 26/4/2017 10:12

It smacks of some corporate suit banging the drum for his own department and therefore himself to me, it means absolutely nought if this company does not start making meaningful revenues - it's like admiring the paint job on the Titanic as it sinks slowly beneath the waves .

[manics] 26/4/2017 09:45

Well, this is it. David's been in that vernacular for at least 12 months, I remember him doing it at the CMD in FEB16.

The next results will be telling. I just hope they haven't turned so many corners that they're actually going around in circles.

[dollarzpounds] 26/4/2017 09:30

Very impressive so let's hope they find some of that 'rocket fuel' to make some profits and budge that share price because lord knows that is certainly ' behind the curve ' it's not even at the 'C' of the curve . Come on Tungsten we have had a belly full of the fancy words and promises of the riches of the digital age let's see some of them !

[chemistdude] 25/4/2017 22:00

The robots are coming…



Choice quotes from the article:

"In 2015, when I was first appointed CFO at Tungsten, the team used a whole series of interconnected spreadsheets to produce the company accounts – over 50 at the last count. As of this month, we have a system that requires zero, and is infinitely better at giving me the information I need to advise the business on our financial strategy. So how did we do it? With some hard work from the team and the help of our talented coders to automate the process. That is the pace of change currently under way, and while I suspect we are ahead of the curve, it is far from unusual to consider how switching to digital processes can help finance teams target inefficiencies."

"We are a business that in a short period of time has moved from being well behind the curve to being at the forefront of the digital revolution, and we’ve experienced first-hand the rocket fuel that people with digital expertise can bring to the financial mix."

"Embrace block chain."

[pkarnezis] 22/4/2017 09:03

This webinar next week would be a good opportunity to look under the bonnet of the Orbian/Tungsten collaboration (or just to pass the time while waiting for results day):

Can partnerships power supply chain finance? 27 April, 3pm BST

In a bid to optimise their working capital and make more robust their supply chains, corporates continue to turn to supply chain finance. As part of a wider discussion on best practice in the industry, there has been a move away from talk of disruption and disintermediation, with greater consideration towards collaboration and partnership.

This webinar looks at one such supply chain partnership - between Tungsten and Orbian - and asks: what were the drivers behind the venture? What exactly does it cover? What advantages does it afford both parties and, more importantly, their corporate clients? And finally, what does it suggest about the future growth of the supply chain finance solution?

The webinar will be followed by a live Q&A, giving you the chance to put your questions to our presenters

Prabhat Vira - President, Tungsten Network Finance

Thomas Dunn - Chairman, Orbian

[1gw] 21/4/2017 07:58

NEX is just the new name for ISDX isn't it?

[dollarzpounds] 19/4/2017 18:18

Thanks for clearing that up

[edwardt] 19/4/2017 16:33

there are lots of these off exchanges these days. they are a kind of dark pool for institutions to hide what they are trying to do ....

[bs76] 19/4/2017 16:15

it's on AIM as well. Tung hasn't stopped trading on AIM.

It has started in NEx as well. I'm not sure how. Check on advfn live trades-


you should three trades on nex

[dollarzpounds] 19/4/2017 15:45

What the hell is going on ???

[manics] 19/4/2017 14:35

Nex? That's a new one on me. Off AIM? Should be RNS'd surely?