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As the price is well above the bid + indicative bid
Interesting to see Michael Spencer, former director, buy 1.53%. I think he controls Demica, a supply chain finance co.
May the bidding begin...
Chances of Bromovsky DOING anything strategic are minimal. He has presided over the changes of management you cite, has picked the new ones, and all the time just looks out for his own interests.
I'm interested as to why there is so much volume.
I am intrigued by Tung. Looks very undervalued vs its peers like Coupa, has a great customer base, etc, etc. Why is it not being snapped up? Management and board have been very underwhelming in the past, but relatively new NEDs and new CEO must have a cunning plan?
Any gossip?
Unbelieveable. All the competitors have doubled volumes
Nothing happening. Ever?
What is up with 4m shares traded today?
And up the hill the share price marches...
It has taken 2 years almost to the day since Tungsten announced it Indian e-invoice capability for it to get off the ground - see announcement of 11 Mar 2015. At one must assume very considerable cost; for which previous management was castigated. The prize is the Mexican situtation where every invoice over $200 has to be submitted electronically. Mexican tax take for the VAT equivalent has doubled. Tempting prize indeed for Mr Modi; and for Tungsten as long as it actually puts people on the ground to do the business rather than hoping business will come to them Perhaps not so stupid an investment after all?
The BoD seem to have adopted the 'keep the shareholders in the dark and dump on them' approach; as opposed to the transparency we should be getting in a public company
Cutting through the usual unintentional guff, not dissimilar to Tungsten. Priced at $1 billion. Latest HALF year $60m sales, LOSS of $25m. So pursuing the same growth strategy as the original Tungsten business plan before the board and management bottled it; and being rewarded by the market for so doing. "Purpose built for the cloud, Coupa delivers the only spend management platform that unifies business processes across all the ways employees spend money. Our consumerized financial applications digitize spending across travel and expense management, procurement, and invoicing. All surrounded by our Open Business NetworkTM that has connected more than 2 million suppliers worldwide [usual multiple counting]. Combined with our fully unified power applications in embedded analytics, sourcing, contract management, and inventory, our cloud platform delivers fast return on investment and the control, agility and visibility critical for businesses to compete."
Do you think that the BoD is being over-paid or what other 'false pretence' do you have in mind
Are the guptas for real?
Agreed. But wasn't that the original thesis at the IPO?