Member Info for K3VMC

Moljen The Oracle and SAP suites are also significant players in top end firms. "Following its acquisition of DocuSphere in 2014, Tungsten's suite of services includes dedicated AP automation solutions tailored for Oracle E-Business Suite, SAP and JD Edwards ERP systems respectively"

chilt, that was a much more patient and thoughtful reply, thank you. Being the old pedant that I am, i would say that your fist point has ALREADY been done. I may be wrong, but I'm not sure how they could make it any easier. The sales flyer you linked to must be music to the ears of the accounts payable department. "Supplier, please look at the status of your invoice. via the Network". Short and sweet. And cheap!

davidpqz "PAULWI This company is really opaque." If you mean you don't understand TUNG, then I agree with you. The rest of the board seems to manage the principles. "The original idea of buying a bank was sold as the brilliant game changing idea but now they are trying to sell the bank - no clear explanation given apart from some vague joint venture." Hurwitz clearly explained in the webcast that he considered the effort and head count of running a bank was something they reconsidered, probably in the light of delays in getting the licence. "On this BB you will find only half a dozen people who form a clique and are here for self promotion and not serious analysis." What kind of self promotion could anyone possibly achieve here? As for a half a dozen people forming a clique, that is nonsense as well, but you are welcome to your opinion. I simply posted that you were being silly in repeating the same negativity and another poster agreed. That is just normal bb opinion being expressed. Try not to be so sensitive. I repeat your post as proof. "TUNG may come true but right now there are far too many unanswered questions." There may be unanswered questions, please try to make them sensible and relevant. "This is getting boring. 1.) Why didn't ET raise capital when the shares were worth 400p as against 80p. If he's superman surely he would do it at the right time? (Not academic. This is 5x your investment and mine). 2.) "We all make mistakes" as an excuse would let Hitler off the hook or redeem that idiot CEO of the COOP (take your pick). Or maybe ET was taking crystal meth? 3.) Accusation of hero worship still stands. Just read recent posts. 4.) ET's skin in the game: If he loses £8m out of £12m (or whatever, before the arithmeticians start getting worked up over the third decimal place) - it's not a real loss. He's still got the vicarage and the porsches. Whereas for you and me that might be a bit more serious."

dduck, do what you have to do! QPP went to 25p. TW and the "financial journalists" told us it would go bust and the shorting pressure was immense. Even when it went up to 39p, they were advising shorters to pay their margin calls. THAT was pressure, with some of us on six figure losses. I bought all the way down and all the way up. It went to £1.80 because of the short squeeze. Shorters have to buy back 8.5m shares, because TUNG has enough cash to get to profit and has a banking licence that is in demand and could be sold at any time for £40m, minimum. Good luck, whatever you do!

Leper "The shorters have killed the sp. the can now buy back the shares they need in the 55-65 pence range. Three more months till the next update. I think they will have mostly bought back by then." Not 8.4m. Someone had to be Ennismore.

Listed on the Finnish stock exchange. Mkt cap £446.4m (€625.3M) P/E ratio 548.53 Div yield 0.23% The P/E ratio is for 2014 - Basware had approx €600k losses for H1 2015. Operating profit for the 2013 and 2014 was only 2.7% of turnover, a steady decline from 13.1% in 2010. Greater competition? Tungsten Mkt cap £ 85.5m Edi says he has enough cash to get to ebitda positive and Williams says they can get there in 'the next reporting cycles", so maybe not for FY2015, but I would says it would be there in 2016. In my simplistic terms, if they can make £1m profit in 2016 and have HALF the P/E of Basware, then the sp should be four times would be £2.20. Sign me up.

chemistdude, interesting to note that Steve Carter says nothing about being a Basware employee. Did you just find that out through Google? That gives me another idea about the shorters. Perhaps they have a vested interest in hobbling Tungsten, so it is less competition for Basware? I could never understand why the shorters in QPP didn't close at 25p, but clung on until they broke in the rise to £1.80p, but I always suspected that the American investment in Guidewire was a main reason in attacking its UK competitor. I think the TUNG pricing model may have changed since this article. They now allow suppliers to use their portal for small numbers of invoices, entered via a web service, at a very small price. So, yes, they buyers ARE forcing their suppliers to use the network, but the fees are about £1500 per year, and then you get to put in hundreds of invoices, before a per item charge is levied. If I was a buyer, I would want maximum security in the network, for sure. As long as the supplier has a good service at a reasonable cost, I would have no problem in 'asking' them to conform. Furthermore, the supplier will probably gain more in TEF, than he pays in fees. I will have to look at Basware in some detail. Thanks for the links!

CWO "QPE offering to buy shares from HNW investors at 7.5p" He was talking about swapping IMTK for QPE shares from HNWIs in a Q3 fundraising. You can't jus pitch up with £650 of IMTK and ask RT for £750 in cash! :-)

Rocket79 dollarzpounds posted that here on Monday morning. Worth re posting, though. Thanks.

K3VMC from Monday "They need to buy back 2.10%, being 2,633,500 shares approx. They should make a start on that, as it is the biggest short open, since JPM reduced. With this support at 72p, this may be the best chance they have. GLA" Comic tragedy. Turns out it was GSA Capital who INCREASED their short by 0.13% to suppress the price! Ah well, another fine theory sunk. :-))

dduck "From touching an intra day high of 79ish on Friday and a pretty consistent 78 or so for a large part of that day, we find ourselves back in the 60s. Like you say, K3, am sure this will turn at some point, but worry that the shorters still have the ability to knock this back down currently" GSA had to borrow an extra 163k shares to hold it down. I can't imagine what they would have to borrow to get back to the 50s. Remember that we have had the results, the assurance that there is enough cash to get us to profit, the options and the director's buy at 69p PLUS the prospect of a JV or the bank sale to come. We are on the radar, thanks to the Sunday Times, so hundreds, probably thousands of investors could be watching and waiting for a bargain buy. I bought yesterday. I have no cash, but if it drops again, I'm going out to find some. All IMHO, of course.

McMony, probably a mix of those, but we also have bottom feeders now, plus there was the £100k+ buy earlier. Usually the big buys are the late reported trades. Director buy? Someone who has a feeling there will be news soon? No way of knowing, of course - it wasn't mine - but was unusual for this share.

Well, I would if I had spare cash. I've probably got enough anyway, at an average of 62.7p, so happy to wait for news. Shorters have it mostly to themselves today with low volumes, although there was £100k+ spread over two buys this morning.

Got to love these shorters., There was another "2" trade on the ask and every single trade at 72p disappeared in an instant. They almost had me buying at 72.5p, with the 72p trades for support, but a lot of those were for approximately 800 shares, so it looked a bit suspect, so I didn't buy in the end. Not that I need any more of these. GLA

51k on the bid v 2 on the ask. 2, not 2k.

They need to buy back 2.10%, being 2,633,500 shares approx. They should make a start on that, as it is the biggest short open, since JPM reduced. With this support at 72p, this may be the best chance they have. GLA

Basically because I haven't had the time or energy to research it. I had a ten minute look at their website and decided it was one of those trendy, management speak type if firms that used to sprout, bloom and wither with remarkable regularity in the 80s and 90s. TQM and all the other TLAs of the time. I was tempted to buy in on the RT factor alone, but I'm trying to be more disciplined with my investments. Then I saw a brief piece on NHK, where Sony are paying their employes to come up with innovative ideas and describing the amount of success they are having in developing new products, so maybe I'll try to have another look over the weekend. GL to those already in.

Hi Spikeyj! I have NO interest in astar. I could not care less! But you knew that, of course. Yes, times are bad on QPP. We are overrun by trolls. I had the brilliant idea of getting my own back on s***e for brains derampers. My heart isn't in it though. Even though the sc*m do it to us, I can't get my morals low enough to match. Apologies to all! Viva ASTA! I'm going to have to trust karma. ATB :-)

I can't believe you come over to the qpp board and call for a price of £1.50, when you are invested here. Classic pump and dump, just ripe for another dilution, like you said!

BasketCase, set up google alerts for CICC or whatever and wait for an email. Then you won't have to read the childish bickering on this board. Heads or tails?