Member Info for K3VMC

No chem, I didn't. Going to have a look now Hope everyone is well! :-)

BS76, I'm with you. In too quick today, so bought at 44.25p. I will try to get more later today, but waiting for funds to be returned first.

Thom, I have never had any inside nformation on tung. The only outsiders who might know, would be shorters. Since they have been decreasing their positions, I would assume that nothing is amiss with tung. I was caught out by the vote and subsequent drop in ftse stock, so I was invested, with very little in cash. There may be many forced sellers around. In that kind of market, the mms can move prices around relatively safely. Just my view.

Yes, that's right. I remembered that as soon as I posted. Like most, I suppose, I'm disappointed that I did not sell at 70p and just a little frustrated with the sp as it is. In my simplistic world view, I think they have a buyer for the bank. SO BUY IT!!!! What takes six months? Hey. The sp goes back up to 55p, I'll be less irritable. Promise!

Chiefs on the Today program, about 6.20am. Tom Bromfield (I think) and Lawrence Wintermeyer discussing how fintech are supplanting uk banks, where 30,000 jobs may be axed. LM also said it Thames 18 months to get a banking licence from the Bank of England and the FCA. They could try to buy Tungsten Bank, of course, but that may take infinity!! What is the holdup with the sale, exactly???

I believe not. Mr Horwitz said they had been far too conservative in the past, so we're going to relax TEP practices.

I have NO idea what Prahbat is doing. We are about 60 days into the 100 day cunning plan and the sp has dropped 20%. The 100 days of the cunning plan will be up by the time the results come out on July 25th. I hope the end results justify the hype.

Over the past three years, Mondelez has gone from processing 80,000 invoices digitally a year to 500,000. E-invoicing has enabled the company to streamline its processes, increase efficiency and significantly reduce costs.

entirely left us. "Sighs". They will, one day. I will still be invested when they do! :-)

Yes Chem, much nearer you figure. I haven't kept track of short reductions recently. Did you get any feedback about the presentations to IIs in May?

2.5m bought. No comments?

eggs, sorry, I was travelling today. Could be shorters. They always seem to get the mid price, for some reason. They likes to be sneaky, I reckons!

£635k buy!!! Final shorters out?

Thanks chem!

http://www.ftsenews.co.uk/2016/05/25/canaccord-genuity-reiterated-tungsten-corporation-lontung-as-buy-with-76-pt/

Chem, not another nappy change???

Burnt, yes those are all accepted, with the exception of the vulnerable client under 50%, which sounds a bit woolly. My basic point was that I would rather have a percentage of Sanofi at $20bn+, than Duracell at $1.5bn, than my local Italian restaurant (turnover unknown). Nice octopus, but not many invoices. It isn't rocket surgery, I know, but then I'm a back of a fag packet kind of guy. BS76 is a detail man!!

Burnt, as you say, it is probably a case of you half empty and me half full. If you know the detail of who puts how much of their invoices through the network, then you have more information than I, so I bow to that superior knowledge. I simply point out that I prefer them to have customers with a massive turnover and an extensive global footprint, than not. As for how they choose to report, my thinking is that it will be little and intermittent, if previous habits continue. Analytics may not have traction, or may be on trials, but I can't tell from where I'm sitting. The business is progressing, although all longs would prefer if that was at a faster pace, but the concept is simple and committed execution should get us ebitda positive in the current year. Some very conservative management has bought at 62p, and the commitment of Mr Truell and Odey to the stock is extensive. Shorts are down, but not out. Reasons to be cheerful, I believe. I was in profit at about 53p, but simple execution of the business plan will take this much higher and probably much sooner, now Prahbat has brought his experience and phone book of industry contacts to Tungsten Networks. Just my glass half full opinion.

Good summary, chilt. The shorts had this pegged to go bust. No chance of that now the measured path is being taken. There is no reason to sell, so shorts have every reason to buy. We have all the time we need to get this right, IMO.

burnt "Not sure I agree with the sentiments expressed so far (but maybe my cup is half empty)." Agreed. "Only adding 41 suppliers for TEP in 12 months is disappointing, but hopefully the new man can make a dramatic difference." The relaxation of the TEP requirements was flagged up in February at the CMD, so looks like the 41 came on in March and April, although your 12 month period is obviously correct. "Secondly, I read it that the bank cash is going to be needed for group working capital rather than investments" Tung never said the cash was for investments. Investments in what, other than the business? "thirdly, 11 new buyers in a year is not great and I'd be interested to know how many of those were e-invoicing and not just the scanning and OCR from the old DocuSphere set up;". Sanofi alone has a turnover of over $20bn. Hardly chicken feed and they couldn't take on many like Sanofi at one time. " and finally I guess we can conclude that analytics is dead / not making anywhere near the impact expected." What impact was expected at this early stage? "The whole market listing was for an origination platform for finance and analytics and neither of these is coming to fruition" Stuff takes time. Maybe even patience? "sorry for sounding so negative!" No need to apologise. Opinions vary and I like my investment decisions to be challenged. The only time that "negativity" grates is when posts are persistently negative AND patently unjustified. ATB