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return of the Truell would be a disaster
I see it as a positive, there must be something worth fighting for
I agree the point about tungsten becoming profitable. However the last thing anyone needs is directors fighting it out. They should focus on keeping the business running and growing. Let’s see what the market makes of it.
Directors fighting for control just before Inflexion point..............Better than host of other AIM companies I can think of
It’s a crap RNS
Tungsten has reached an inflexion point. .......Good profit to be made here.........
at 16:51:21 lol. I'm still in, wish I wasn't.
Anyone got views on the high-level results published today. Seems to be some good news on the invoice financing side, but less so on the core invoicing business in terms of new buyers, especially in the last 6 months. Also, the cash position has gone from 17.1 to 6.4 in the 12 months, with the second half burn greater than the first half by almost a million (�4.9 & �5.8 respectively). Presume this is the one-off costs rolling out, but I hope that this now stops so that a cash call is not required.
the SP will touch 40s very soon
54.00 ON OFFER...My easiest trade of the week from 46.00 yesterday........Thanks mm's for the Telegraphed Trap............����'SSS ......Down like a stone.....Up like a lark
As I said once before and was duly abused, the management of this shambles is taking, no doubt big, chunks of money "under false pretences". It now seems blatantly obvious they are a bunch of incompetents who should not have been appointed in the first place. SP down 35% in 2 months and looking extremely likely it will fall further. A far cry from the 377p it hit back in Sept.2014 since which time it has seen a steady downward spiral. The headline on the HL Board back in September "Tungsten Corporation upbeat on continued growth progress" is laughable.
Bear trap anyone.......MM's always know what in the pipeline..............Always................Nice little trade here
BPSF I see your point. You might be right since the share price is dropping now. The market probably knows something already
Maybe. The way I read it is they've been cutting costs to hit the ebitda positive claim they made last year. But, this tech drive they've been on for 2 years hasn't delivered. How much money have they spent/wasted? What is the remit for the new guy? Is it to deliver this tech or is it to cull it? The former means more investment, the latter means they've not got what they needed to move forward. More important though is the fact they need new invoicing Buyers. They've brought in hardly any new business in this area for years. What happens if they lose any business?
BPSF You might be right but if they report EBITDA positive (I have some doubts) the SP could soar to 75p
65? That is optimistic. The dream they floated with died a while ago. They've tried new services but all have failed to take off. What remains are the re-branded companies: OB10 and Docusphere. Their increased revenues have been largely off the back of increasing prices, masking their failure to generate enough new business. Now, rightly, they are trying to cost-cut but they've just had to fire the CTO who was supposedly delivering the technology to allow for the savings. To me, they need new Buyer e-invoicing deals and fast. Given they've had hardly any in the last 4 years I don't hold out much hope.
What is the forecast for SP? I personally donot expect more than 65 soon. Any thoughts?
for FY18 to be announced 23rd July 2018...Should be a market update in next 3 weeks?
Well today's the last day of FY18....Just remains to be seen if they have managed over the first four months of 2018 calendar year to reach EBITDA breakeven. If not there's no cash left. I cant remember ever seeing any FY19 guidance? Anyone??
Will this new analytics service really provide enough of a benefit to the supplier? Remember, Tungsten only processes some of the invoices for a Supplier. Doesn't this service offering have the same limitations in that it can only paint part of a picture?
.... share price on 10th April 2017; 55p and the share price 12 months later... 55p. I am sure I am not the only shareholder hoping for some stellar results to come from the end-of-year trading update in the next couple of weeks. What are peoples expectations? I'd certainly like to see EBITDA positive numbers for the last couple of months of the trading year as promised in the 6 month update. What about others?
Press release today about launching an analytics service for the supplier community (http://www.tungsten-network.com/press-releases/2018-tungsten-network-extends-analytics-offering-to-accounts-receivable/) - hope this is a better performer than the buyer side which does not seem to have generated any revenue
@Warthog4 Highly paid? I think that is undisputed. Jokers? Well, let's look at the evidence. - Growth: The true electronic invoicing network isn't growing. Suppliers and transactions have increased but this is based on Invoice Status and Invoice Data Capture (so paper invoices re-keyed in). - New services: Unfortunately none have worked as yet. - Technology: They've just let the CTO go having seemingly not delivered and burnt through a lot of cash. - Managing costs: They seem to have done a decent job here. If you think they're jokers then I'd say that answers the question.
No posts for 6 weeks. My only question-when are these highly paid jokers going to get this sodding company back on the rails?
Any chartists care to share their thoughts? Are we going to get a breakout to the upside - if so when?