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This is the seventh attempt, since I bought in 2015, at getting over 70p and to keep on rising. Back then I thought it would only take a few weeks to rise to the 80p placement price. Oh how wrong! Let's hope this time it is the real thing but once bitten seven times shy!
Over 70p now ! That was a struggle !
Can't get over 70p and " be on alert with a new bearish pattern. Market attention is now on the downside".
Once again...many thanks for your insight and comprehension. I'm rather encouraged with the more measured development of Tung orchestrated by Hurwitz. Hopefully this optimism will eventually yield a good investment.
It would depend on whether the agreement with Tungsten was on a recourse or no-recourse basis. In the early days the agreements were all no-recourse so if the invoicee (Carillion in your example) failed, Tungsten would incur the loss as there was no-recourse to the supplier. Given their mix of finance sources there may now be a mixture of the two. This was one of the reasons why the available pool of invoices that could be financed was less than the face value of the invoices processed across the network (however, the main ones for this were the lack of invoice status and supplier country)
Thank you In the unlikely but not impossible scenario that the Purchaser went into liquidation in the short interim period between Tungsten financing the invoice to the Supplier ......which party would potentially burden the loss? I was thinking of the recent Carillon failure.....if Tungsten had financed several suppliers.....would the suppliers still have to pay Tungsten....or would Carillon have been paying Tungsten. Just trying to evaluate where the risk ultimately lies
I agree it is an odd phrase as it has a double meaning. In the context of Tungsten Invoice Finance it means the face value of invoices that have been financed at a point in time that are yet to be settled - i.e. they have pushed money to suppliers and the settlement is outstanding. The number will always be volatile because of their short duration so you have new invoices being financed and previously financed ones being paid off at high frequency so you should look at this as a high-water mark for their financing service.
Could someone clarify the definition of "invoice outstandings" in connection with TUNG. Whilst their last RNS was seemingly positive I was nevertheless surprised that "invoice outstandings" (conventionally debtors) was deemed so positive. As a consequence I feel that my interpretation is incorrect and that "invoice outstandings" are an income stream...as opposed to a debt. Does it represent funds that have paid out to suppliers and therefore Tung are awaiting payment...the difference between the two being marginal profit....hence the positive statement Could someone just clarify my obvious misinterpretation please
Signal Update Our system�s recommendation today is to STAY LONG. The previous BUY signal was issued on 28/12/2017, 18 days ago, when the stock price was 60.00. Since then TUNG.L has risen by +16.33%. Market Outlook The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security. Stayed long and bought on the down days, so may as well hang around a bit longer. GLA
Green shoots ???
Still waiting for that "big impact". Market does not seem to be too impressed with today's RNS though I am glad that we rose a little. Anybody got any ideas as to when "a big impact" might happen?
So you are a trader who bought off a tip, then you only have yourself to blame The minimum amount of chart research will have shown huge volatility. Why not do your own research, that way you can blame yourself
"New low today" ? not if you look at a one year or two year chart ... poor old tung has been way lower. but not too inspiring, as yet.
Not many sells over the latest draw-down period...............Guess all are holding for the next SP run and the expected (assured) break-even figures.........The only question is how low will the SP go in the short term ............New low today on pretty much nothing again................Ready to load up, but sitting on the sidelines as they faff around with the SP
"ebitda positive in calendar year 2017" Will be get this confirmed tomorrow?
Mmmm, the share price seems to have dropped ominously prior to the interim results tomorrow :-/ I wonder who knows what ??
are funny. the current 3 month tells such a different story from the 3 yr.
stock lending has gone up in oct 2017 by half million shares. So must be shorts from "< 0.5%" as not reported in fca short report Jan-17 4,700,961 3.81 Feb-17 3,401,654 2.75 Mar-17 4,100,801 3.32 Apr-17 4,055,134 3.28 May-17 3,098,772 2.50 Jun-17 2,725,495 2.20 Jul-17 2,358,186 1.91 Aug-17 1,942,445 1.57 Sep-17 2,105,666 1.70 Oct-17 2,693,981 2.18 share price is not impacted much by half million short in Oct 30th Sept Share price - 65.50 31st Oct Share price - 64 And odey also sold 2% (2.5m shares)in Oct who bought 3m shares in Oct ??
much like marking time here.
BP experiments with blockchain for oil and gas trading. Blockchain � a digital ledger system that records online transactions. BP�s interest shows that multinational companies are increasingly seeing opportunities for blockchain to streamline financial processes and cut back office costs by removing middlemen and invoicing from many transactions. Why isn't Tungsten getting in on the act? https://www.ft.com/content/100622d0-a680-11e7-93c5-648314d2c72c
Keep going!
that would be nice.
A dot higher finish today. Still waiting for the breakout above 70p - hopefully before end of 2017 calendar year!
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