Whats going on25 Mar 2021 13:18
The problem with this company is constant smoke and mirrors and evidently very incompetent management. Especially over the last year.
Constant profit warnings (this is pure CFO numbers and business incompetence which is probably backed up if not lead by the CEO who has never run a company before). I expect flat if not negative growth this year for Tungsten based on my research.
If you refer back to anything related over last year and compare to what they promised, nothing was delivered. Last RNS they promised £4m cost reduction for FY22? I would love to see their internal budgets for next year and see that £4m dip in costs!
I don’t think they even understand the fundamentals of the business and how it works. Simple google search for reviews shows fundamental issues about the product and how it works - this will all come to the fore soon I expect and this customer loss RNS i believe was the start of more like this
I am glad I never invested in this circus act (and only considered on account of the stature of current shareholders like ODEY and Truell ), I think I've saved my money and health by not following this pile of poop as someone put it.