Tungsten Share Discussion Threads

[bs76] 21/9/2018 09:40

Good to see quarterly update. ?

[andrewdbl] 21/9/2018 09:32

RNS: - trading update

For better or worse nothing much to see there from a quick skim.

[edwardt] 19/9/2018 13:53

even if tung was on the low end of ev/sales ratio , we would all be happy!

[edwardt] 19/9/2018 13:52

just seen this on funding circle -

Price Range: GBp 420 - GBp 530 per share
Implied Market Cap. at IPO: c. £1,449 - 1,750MM / c. $1,905 - 2,300MM (post-primary)
Implied Valuation (Consensus) 5.4x – 7.0x EV/Sales (2019E); 3.9x – 4.9x EV/Sales (2020E)
Offering Size: c. £400MM / c.25% of Market Cap

[edwardt] 19/9/2018 13:52

i often repeat myself.

[phillis] 19/9/2018 12:03

edward
rewriting previous posts ?
tut tut

[andrewdbl] 17/9/2018 17:30

$£

Mr Market says "come back when you can show me the money"

[dollarzpounds] 17/9/2018 12:16

AS USUAL no news ever shifts this share price upwards by much though ?

[dollarzpounds] 17/9/2018 12:15

I see the company are eager to share news with us again all of a sudden ?? Anyone would think there was an AGM and a vote on the boards pay in the offing ???!

[edwardt] 14/9/2018 10:52

if you bed and isa the holding - you will only pay the transaction and sdrt charges. your broker should be able to agency cross the holding so you get mid market price and do not suffer the bid offer spread. the point being you can carry forward the loss indefinitely to offset against future taxable gains made elsewhere and simultaneously put the holding in a tax free environment for the inevitable surge in the share price!

[phillis] 13/9/2018 16:09

edward
and lose the tax write off?

[dollarzpounds] 13/9/2018 13:49

I think anyone who has a timeframe of less than 2 years would have to hope for a boardroom coup I can't see 'rocket' Ric lighting up this thing anytime soon ?? Worth every penny of his wage ???

[manics] 13/9/2018 11:59

Rick appears to have lost a decent bit of Terry (weight), to me. Worries of a boardroom coup or just a well structured HIIT gym program?

[andrewdbl] 13/9/2018 11:51

$D

good idea, thing is, what will a fiver buy in 2060? :)

[pkarnezis] 13/9/2018 09:31

That's exactly what I thought too edwardt... Last time I wore a double-breasted like that Wham! was on the radio.

[edwardt] 13/9/2018 09:30

if in taxable accounts, cross your holding to a isa or sipp = at least you get some tax benefit.

[edwardt] 13/9/2018 09:29

with that pay packet , you'd think Rick could afford a better suit. i am now concerned.

[dollarzpounds] 13/9/2018 09:13

"What does one do now" ??I suppose the only thing left to do is give yourself a timescale and when it's reached sell up? I'm 70% down I fell for the projections and hype of the early Edi Truell days I'm afraid and thought the great 'Oz' would deliver but we have all had a peek behind the curtain since then? I keep thinking this business model will take off, as Tungsten themselves often point out the demand for both e invoicing and trade finance is enormous yet they singularity fail in making any noteworthy revenue from such a fantastic opportunity. It beggars belief to be honest but these are the facts. The only other option is to bequeath them to a favourite young relative and hope they might be worth a fiver in 2060 ?

[dollarzpounds] 13/9/2018 09:01

I was going to ask people's opinions about this Mastercard tie-up but I see the share price has shown no signs of waking from its coma so it can't be up to much ? By the way I hear Disruptive have requested that there be a vote specifically on the remuneration report at the AGM so if you want to rant against Ricks big pay packet fill your boots ! I'm not sure any PI would bother to turn up mind?

[robmal] 12/9/2018 19:45

“Our new partnership with Mastercard is an important component of being the world’s most trusted business transaction network. Mastercard Track offers additional business identification capabilities that will give Tungsten Network customers deeper insight into their supply chain and enhance the value of their membership, allowing them to trade with confidence across our globally compliant platform.”

[manics] 12/9/2018 18:46

edwardt: it was a mistake on my part to mention the ATH. It doesn't matter today where we IPO'd, or rose to.

...but it has to matter that the price has gone nowhere (following the re-rating from the 'wrong price') for three years now, and that's despite one changing of the guard, positive just-around-the-corner management vernacular and various come and gone milestones.

I don't have 36 months left in TUNG. I have 9. Right now I'd have to expect 50p (I will not be delighted Sir!)

[edwardt] 12/9/2018 09:45

slit your wrists guys - the company was the wrong price when it floated - we have to move on. if the share price is £1.50 in 3 years i will be delighted.

[andrewdbl] 11/9/2018 16:17

I think we will find that an awful lot of 'disruptive' fintech will turn out to be bintech over the next couple of years.

... hopefully not TUNG.

[manics] 11/9/2018 09:50

20p away from the ATL.
£3.50 away from the ATH.
Prabhat 100 day plan.
"Universally without merit".
+EBITDA.
Inflection points.

Wasted opportunity here over the past few months, imo. Fundamental change is required to fundamentally steer the share price and sentiment and I don't yet see us getting it. A couple' NED's likely won't be enough imo.

Meanwhile, we're all 5 years older, and 5 years is an age in fintech as we are already seeing. Momentum in innovation continues.

TUNG was the hot young thing for a a little minute. Has the fintech opportunity already morphed? Are we now the MySpace of social media -leaving vast spoils for some other platform?

Tungsten must demonstrate that's not the case. Harrumph.