Member Info for Beamer21

Northernsoul - The issues at Globo have nothing to do with Tungsten unless you can enlighten me otherwise

reduction in shorts - now 6.05% with Numeric reducing to 1.46% on 20/10

Not sure if we're likely to go much lower now as it seems that those holding substantial short positions are using this level to exit, presumably for a rather large profit I hope to see further evidence of price/margin increases, operating cost reductions and vast improvements to the on boarding processes in the interims due mid December. Not sure what's happening regarding Tungsten Bank but let's hope for a positive update on its direction again in mid December, in the meantime we may receive news about the identity of the newly appointed CEO I don't like the current share price but I get the feeling that the worst is over - fingers crossed:)

The large trades from yesterday combined with the large trades seen so far today indicate that we should be seeing further reductions in the outstanding short positions over the next few days We are still waiting on regulatory approval for the new CEO Tungsten Bank - anyone heard any rumours?

activity - not huge volume but we seem to have a bit of a flurry going on since today's RNS

Looks to be a regulatory/administrative/rebalance action - Odey have zero reason to sell as their entire Tung portfolio is well out of the money Odey increased significantly at the end of September picking up a material part of Fil's holding

Totally out of kilter with today's trading statement. Should recover back towards 290/300p in next few days Time to re read the last 3 RNS's - all good stuff imo

Numeric reduced to 1.79% 6.38% overall

The drop has in part been overdone by JPMorgan holding a 1.02% short (last change 10/8/15) I should imagine that today has been quite profitable for them and they will keep this where they want it whilst buying to close and then it will rise again and the cycle may well repeat itself for a little while

http://www.bloomberg.com/news/articles/2015-10-10/internet-of-things-stock-you-ve-never-of-heard-just-rose-500-

Good question - why have they appointed a CEO?

been appointed as the new CEO of Tungsten bank? Regulatory approval pending.....

They sure are...... I have a long position but I'm happy to ride and trade the ups and downs created by the shorts rinsing/repeating - it would be rather boring otherwise!

shorts - down to 6.46% with Oxford Asset Management reducing slightly From looking at the order book action over the last few days it's my opinion that we have somebody coming in and somebody coming out. FIL may be finalising exiting from their long position and somebody is taking everything they've got. One hopes that once this completes we'll return to slightly more normal trading!

Chilt - I don't think we can view the anticipated invoice volume as an indicator of TEP take up. Tungstens e invoice model only benefits buyers with significant ap volume and many of these buyers will only venture into preferred supplier agreements with larger organisations which have a reduced need for invoice financing. Most large scale buyers will also credit check their suppliers on a periodic basis and tread wearily when their spend starts to reach 50% of their suppliers revenue. As I said before I'm just not sure that TEP is the real revenue generator here as I believe their are other, simpler ways of monetising Tungstens network and I'm pleased to see that they are increasing their buyers fee's as we speak. The whole ethos around e invoicing is to create speed and reduce costs for buyers/suppliers. Factoring/invoice financing has its place outside of an e invoicing arrangement.

It stands to reason that OAM's recent purchases must have come from another ii due to size but the question now is will FIL continue to exit their remaining holding circa 4.5m? If so will OAM purchase more?

BS76 - thanks, I just totted up the major holders and didn't make any other allowances Even better news then

are now holding 60.36% Odey Asset Management is the largest holder now with 19.02% Theoretically that leaves approx. £50m in free float

Chilt - SETS provides the perfect platform for manipulation - short or long

Odey Asset Management - now holding 19.02%