Member Info for chemistdude

I see your point K3. Did you see my post on advfn about GE selling their financing arm? Any thought on what this could mean for Tungsten as we gradually deploy e-invoicing with them?

But these clowns are taking it lower and lower so I'm going to hold off for now.

Courtesy of BS76: https://www.youtube.com/watch?v=bj836IJDLn8

Thanks BB, yet we have reached an all time low today intraday. I'm firing blanks now no more opportunity to top up.

Yes multiple commodity cash crops suppliers, the sort who will be hungry for TEP.

As Ballmer used to say: DEVELOPERS, DEVELOPERS, DEVELOPERS!! In our case: SUPPLIERS, SUPPLIERS, SUPPLIERS!!!!!!

Exactly. If a few holders of his fund sold out (after all it's performed well) then a minor rebalances like this across his holdings would be necessary.

I like you idea chilt, plus I'm sure checking bank account are details being correct is part of the e-invoice integrity/verification/compliance checks anyway so sure they can just extract that from the e-invoice and then offer TEP immediately? No doubt the new executive board members will be offering their insight too. In the face of competition I just feel like we need to do more to establish a firm presence and 200 odd registered suppliers doesn't cut the mustard. I'm sure it doesn't to TUNG's board either. There's opportunity here to spend some cash on Google Adwords for invoice finance. Get some media outlets promoting the "cash flow issues" plaguing SMEs (like they already have been doing) but this time with our generous offer the bail them out this Xmas with a free TEP for registering. Once they see how easy it is (click and the money comes) then they will be sold. Those who register are doing a hell of a lot more than 10% so we need to leverage this big time.

I have an idea but not sure whether it is good/worth proposing to IR so would appreciate some feedback. I appreciate that one of the main bottlenecks is having to reroute a suppliers banking details and then a waiting period of up to few months for the first invoice payment to come through into the new bank account. Players like market invoice advertise heavily using Google Adwords (& they don't even have a e-invoice network) and some advertise on invoice finance comparison sites (which we really need to get on!) Notwithstanding that, to really wet the suppliers appetites for finance I think we're going to have to give them something for free to entice them and mitigate against the perhaps lengthy process to register. My proposal is this: we spearhead an Xmas campaign offering to help our supply chain improve cash flow over the festive season. If they register over this period they will be given the opportunity to receive free invoice finance (0%) for one/two invoice(s). I.e we forgo one or two commissions in exchange for locking in/registering the supplier. Thoughts?

Forgot to mention, during registration for TEP, the supplier agrees to have a bank account opened with New York Mellon and switch their payment details to that bank account. This is to enable tungsten to take the buyer payment from that account whenever finance is taken.

Hi brazen bull, Allow me to quote from the May trading update: "Tungsten's experience has shown the two distinct markets, large corporates and SMEs, have different average yields, with large corporate invoice financing having an average yield of 4.5% p.a. and SMEs having an average yield of 12.4% p.a. The penetration rate was 6.6% of SME suppliers targeted, while the penetration rate for large corporates may be higher but has a smaller population. Customers using Tungsten Early Payment finance repeatedly use the service, financing an average of 79% of the value of their available invoices" Now to answer your questions: 1)TEP offers early payment (for approved to pay invoices) less a small fee within 48hrs of pressing the green button. 2) tungsten collects payment from the buyer which could be up to 90 days from approved to pay date 3) the small fee tungsten charges based on the quote above could be anything from under 1% to 3% of the invoice amount depending on whether the supplier is large coporate (expect lower fee) or a SME (higher fee)

I'm with you on the long term hold, five year hold for me at least (holding from £2+). I'm not a trader but it's very interesting watching the day to day. This short squeezing potential is just a bit of excitement on the way back up :) The Department of Defense will have to do then, it's coming!!!

*their ;-)

K3VMC, surely at these levels, the vast majority of holders are going to cling on to there shares like a leech. Any volume now has been mostly sucked dry by Mr Odey?

It's clear he liked what he saw at the insti presentation post agm. Now is the time to top up ready for the December results. Value will out over the coming quarters and I'm sure in the years to come when this years lacklustre performance is forgotten it'll be a godsend that we were able to buy at these level. Chem

What I wanna know is who has been selling at 60p???? Crispin managed to get 8million shares in the market. Unbelievable and without so much as a pulse, the sp remained asystole the whole time! I was banking on the fact that for a short squeeze to happen, nobody would sell the volume required. All us Tung dieharders won't be give any that's for sure!! Yet Odey accumulated over 8million in such style!! Hoping that he has now locked all the volume away and the shorters will truly have no way to buy the shares they need to close. Wishful thinking....

Seriously so many trades today and the sp didn't even flinch. 9m volume and the sp was a flat line all day. How did they buy without moving the sp? They must have used a few tricks. Broker's must been collecting for someone over the last few weeks and then sold them as a block trade. Question is who is selling at 60p? And who is buying these multiple block trades?

No way the shorters got 5m shares in the market. Unless an insti caved and did a deal. Here's hoping for a Mexican standoff!!!

It's a shifting landscape imo. Yes buyers will try to implement dynamic discounting but to me the interest rates they're looking for at very high compared to TEP's offering. According to this article the APR is as high as 18% http://resources.taulia.com/h/i/10951242-what-is-dynamic-discounting/80208 TEP will literally smash those interest rates. I can see buyer's trying to leverage greater discounts on future transactions with suppliers who use dyanamic discounting as they will know which suppliers have used it. It will be to a suppliers business advantage not to mix the two. Buyer's will never know a customer has used TEP. As for the government initiatives, whilst some buyers may elect to pay in a more friendly timescale not everyone will. Tesco is a negative working capital business so you could argue it has enough cash on hand to pay suppliers timely. But their profits have really dwindled over the last few years so they'll want to make investment in the business to grow it and that will eat their working capital and make them more likely to have a 90 day turnaround to allow this investment and keep the books balanced. This is where for supplier's TEP will be key. As the landscape shifts banks will struggle to compete with their legacy/heritage IT systems and cultural obstacles to engaging with clients. As $£ put it, we are "glacially" eating the banks lunch but there will come a time where will it will turn into a "buffet" for all early payment providers. For suppliers, being able to get access to 98/99% of their money from day 1 is a behavioural quantum shift and those suppliers/companies who embrace the advantages that this gives will truly drive their business forward and allow it to grow and make investments where otherwise they would not.

Good luck all TUNG holders!