Member Info for chemistdude

Data sale to another player in another industry – pioneering partner

Thanks chilt sums up my thoughts also. Bank sale means plenty of cash to EBITDA positive. New Chief Marketing office - Jan 4th Other finance products coming soon inc currency conversion and others. The bohemouth that is GE will no doubt add some integrated suppliers at near enough £1000 a pop each - 2 units coming on board next month. Siemens coming onboard now - german sales team will have more to reveal in coming months (german goverment departments?) Clearly last head of Tungsten Finance wasn't the right man and Rick has brought his new guy in. 71% increase in price (without analytics). Analytics still to play for (Goldsmith should be finished H1 2017) PNY partnership reaping rewards - 5 corporate accounts. Watch this space eh?!

New buyer: Xilinx http://www.tungsten-network.com/xilinx/

Alexa I've constantly revised what I would consider good and bad based on continual thought and also input from other fellow investors. At the moment I would be quite pleased with: - 400-500 registered TEP users - £120m financed - 10 new buyers - Some analytics contracts(or as part of bundled offering) - Stats/KPI's that demonstrate actual acceleration of all the above - Tungsten Bank retained and turned into a fully fledged challenger bank offering savings, lending and treasury services (as wells as invoice finance/TEP) -JV partner in another territory (that facilitates where bny/insight will not) - An interest rate that is no longer "theoretical" - GE implementation commenced (can't see anything that suggests they've even started) - Real implementation with more government/public sector bodies eg Veterans Affairs (have had no real update re: implantation since German deal announced at Mello in 2014) - Cash burn <£1.5m An ok update would look like: - 300-350 registered TEP users - £90-100m financed - 5 new buyers (including 2 already signed up this in the first four months of the fiscal year) - Bank retained with a greater offering than previous - Material progress with bundled offerings with analytics - No jv but clarity on when we will offer TEP in continental Europe and other territories - cash burn reduced to £1.8m - Etc As I've mentioned before on advfn, now is the time for a real acceleration. All the expense in people and technology needs rationalising urgently.

04-Dec-1515:40:00 40.25 1,488,697 Buy* 39.00 39.50 £599.20kO

Matthew Earl's short seems to be doing very well!

Odey!!

Laughing quite hard

This was the article k3: http://www.ft.com/cms/s/0/8b9b1720-1b22-11e5-8201-cbdb03d71480.html

Won't FCA approval be needed to go private?-this would take months. Also the board categorically stated that there is no intention of going private at the AGM.

16th December

Eggs, with increasing digitisation of procurement and use of analytics buyers will continually reduce their expenditure by procuring cheaply - they also have shareholder profit and dividend expectations to meet. Using analytics buyers will learn 'harsh truths' about their procurement inefficiencies. This means many supplers margins will be cut, savings identified and those occasional high margin invoices for £10,000 laptops and the like will be easily picked up and corrected. This can and will be a strain on the working capital of those suppliers. Look at whats happened to steel (Tata wants suppliers to reduce prices by 35%). The bluechips like to continually invest in growth expanding into other territories and M&A - all this will require them to their working capital to buy efficiently so I think the 10% usage of TEP scenario will eventually come true.

Egg I guess what I'm saying to any tungsten eyes prowling the boards is nothing less than that would really excite me. We launched TEP in December and admittedly I appreciate that things need to be done right and perhaps taking into account future regulation as ET alluded to in April during AltFi conference. However we have recruited many employees in the last 8-10 months and imo the figures I've personally targeted above in my mind would rationalise all the investment that has been made in sales staff and technologists. Whilst they might seem ambitious In light of all this investment in people and systems and the amount of time elapsed since the TEP launch it really is now time for us all to expect a massive acceleration.

What does everyone think a good update looks like? My thoughts: - bank sale north of £25 million - 400-500 registered TEP users - £120 million financed - 10 new buyers - acceleration of all the above because bottlenecks are resolved/resolving - new financing partners in other territories Oh and one more: - net interest margin that is no longer "theoretical"

https://www.youtube.com/watch?v=TeqonXbPi3k

Thanks for the explanation. The shorts are v lucky they got to close some in on fidelity selling out. I hope fidelity are almost done.

Can anyone with level 2 see if Fidelity are done selling? I don't understand all the lark but is there an overhang from them combined with the quant shorts synergistically (is that even a word!) keeping the price low?!

If you don't perform you need to go. Either that or some sort of Trojan horse operation with deutche bank.....wishful thinking.

Mate I just took 6596. Rounded off my holding and empty now. Good luck all Tung holders.

https://vimeo.com/140820272