Tungsten Share Discussion Threads

[edwardt] 09/1/2018 15:28

i do however agree that the rns from management is a clear indication that something has finally clicked in the factoring operations. the volumes will have to spike alot for me to waken from my slumber but first stop is for that division to break even on its own. we all know this is the part of the business that is the rocket fuel if it clicks into place. the invoicing part is a single digit growth business from here. a long way to go and the chemist should not give up the day job....

[edwardt] 09/1/2018 15:06

well you have bet the ranch on that!

[alamaison5] 09/1/2018 14:27

News is coming. Watch it rise on a daily basis.

[alamaison5] 09/1/2018 14:24

Order Status Executed
Order Reference LBH46K
Date 09/01/18
Time 13:46
Stock Name TUNGSTEN CORP PLC ORD GBP0.00438
Action Buy
Order Type Market
Symbol TUNG
Quantity 4,776.00
Limit Price
Price £0.625939
Consideration £2,989.48
Commission £10.00
Stamp Duty £0.00
Levy £0.00
Total £2,999.48

[corrientes] 08/1/2018 15:32

as opposed to FTC which you're shorting LOL.

[edwardt] 08/1/2018 14:54

booming might be a tad over optimistic. with a cost base from memory of nearly £2m for this operation, we need to lend a lot on low margins to get to profit on this segment. anyone guess what daily amount needs to be?

[phillis] 08/1/2018 14:25

trade financing is booming benefiting from the linkage with invoice automation

Should be good for new invoicing prospects

[edwardt] 08/1/2018 11:53

i wonder if the uptick is also linked to change in short term rates. perhaps we are finally seeing green shoots. it would also be interesting to see geographical split of this funding, my guess it will be mostly stateside.

[andrewdbl] 08/1/2018 09:29

J,
thanks.

TUNG,
Where is the 'we are making a profit RNS?'

[johnwise] 08/1/2018 07:46

08/01/2018 7:00am

RNS Number : 1510B

Tungsten Corporation PLC Tungsten Network Finance accelerates growth

As at 31 December 2017, Tungsten Network Finance had nearly doubled total originated invoice outstandings to a record GBP54.5 million, an 89% increase from the previous reported peak of GBP28.8 million in the period to 31 October 2017. These balances represent a significant acceleration in growth from 30 April 2017, when the Company had invoice outstandings of GBP17.5 million.

On a daily average basis, invoice outstandings were GBP33.8 million in December, up from GBP22.4 million in October and GBP14.0 million in April 2017.

[gerihatrick] 07/1/2018 13:26

This is what happens when socialist/marxists gain control in a country. The very wealthy remove their assets and the rest of us get fleeced for anything we have. The Labour "flyer" reflects that with their words "for the many, not the few". The word missing at the front of this is "poverty". Venezuala and Cuba are role models for Corbyn and McDonnell. And look where they are.

[manics] 07/1/2018 12:51

"Private equity investor Edi Truell told the Financial Times he had taken his £250 million family funds out of the UK because of his concerns".



I knew he couldn't have been that skint when he let those shares go to cash4shares.com!

[corrientes] 05/1/2018 15:32

Started as a rocket,but fizzled out to become a damp squib that nobody is interested in any longer.There are several in that category plodding on AIMlessly. Love to be proved wrong, though.

[edwardt] 14/12/2017 16:31

would love to hear about some management buying here today. the ceo rather than the chairman would be preferable!

[edwardt] 14/12/2017 15:02

not sure what we were all expecting, results showed progress on all fronts. it is still a slow burn but glad to see management up revenue growth guidance.

[dollarzpounds] 14/12/2017 10:19

Is 'Tungsten' Latin for 'damp squib'??

[chemistdude] 14/12/2017 10:03

Only 2 analysts asked questions on the call - early Christmas celebrations?!?

Seem very confident we will breakeven "on average" each month over next 4 months and then cash generative for the first time from FY19.