Tungsten Corporation Live Discussion

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Ripley94 02 Aug 2018

on the way to 75p I think you can read Kryptes its just you can not comprehend . To make it easy i invested 14 days ago ( An extra amount ) That’s because i thought i could make a quick profit ( on the new money ) I posted the buy price and sell price see if you can work out the percentage of gain. Ill give you a tick if you get it correct . And stop LYFAO its making you look the fool you must be .

kryptes 02 Aug 2018

on the way to 75p so not on the way to 75p after all then? LMFAO

Ripley94 02 Aug 2018

on the way to 75p TUNG… XXXXXX Sliced all the last top up on a 58p sell limit , only 1/4 went through about 1pm @ 58p but surprisingly and lucky for me the remainder sold in the 5min after closing action @ a higher 59p . That might indicate something about tomorrows prices ?

Ripley94 27 Jul 2018

on the way to 75p TUNG… XXXX RNS… Directors options today. Went above 57p Friday 27th after falling back from Mondays 55p my record shows i’m in profit overall with this one .

Ripley94 23 Jul 2018

on the way to 75p TUNG… XXXXX Good decision in hindsight three days on 55p… 10% increase . Broker ( S ) told me last week that is the target some of them sell out on . It does appear that is what AIM is about .

Ripley94 19 Jul 2018

on the way to 75p TUNG… XXXXX Just reading through this link AIM shares are all about selling the spikes . Trying to by the bottom but you never know when it has finished going down. Just been trying to learn something about Jiasen which i posted on Nov 17 after Kryptes stated i was a "frequent poster " fact is i had posted twice . ( was never interested in it, can only think Kryptes / OG / TW drew me to it . Its not on the NEX exchange any more did it go bust ?

kryptes 16 Jul 2018

on the way to 75p So you now appear to accept I was correct to be sceptical about Tungsten and to have laughed at predictions that the share was “on the way to 75p”. It’s a heap and Odey has blown a ridiculous amount of his investors’ money on this crock of sht.

Ripley94 29 Jun 2018

on the way to 75p TUNG… XXXXX Requistion from odey to change board RNS 16.32 ( after close ) There had been an RNS about press speculation about this two days ago. Back to lows . ( TW was on 4th June ) 52 p now.

IOMINVESTCOM 04 Jun 2018

Canaccord reiterates buy with a target price of 92p Canaccord reiterates buy with a target price of 92p

IOMINVESTCOM 04 Jun 2018

Stockopedia view Tungsten (LON:TUNG)Share price: 52p (-5%)No. of shares: 126 millionMarket cap: £66 millionTrading UpdateA trading update for the year ending April 2018:"Achieved monthly EBITDA2 breakeven during H2-FY18""Operated profitably over January to April 2018 period""FY18 EBITDA loss narrowed to £4.6 million from £11.8 million in FY17"The language used is a bit unfortunate - "monthly EBITDA breakeven" is not a thing.Let's assume it means that the company was at EBITDA breakeven during some months, but not during others.The next achievement: "operated profitably over January to April 2018 period" - again, this is awkward. Profitable businesses should have positive net income, not positive EBITDA. And focusing on the last four months of the financial year reduces the value of the claim.Don't get me wrong - this is the best the company has achieved so far. But one short period of positive EBITDA does not a viable business make.The company admits it has no idea when it will be positive on an EBITDA basis, from month to month:The sales pipeline is well developed, although the nature of Tungsten's business is such that the level of conversion and the timing of sales on a monthly basis is unpredictable. While FY19 operating expenses are unlikely to exceed the levels of FY18, the ability to generate positive EBITDA in any month over FY19 will continue to depend on the quantum and timing of sales conversions as well as discretionary investment decisions in areas such as developing new products.How about cash?The EBITDA loss of £4.6 million plus capex resulted in a cash outflow of £11.1 million during FY 2018, leaving it with net cash at the end of the financial year of £6.4 million.The Board considers that the Company has adequate working capital. In any event, Tungsten is able to flex discretionary spending should the expected level or timing of conversion of the sales pipeline into actual sales be behind management's expectations.In other words - if sales don't materialise as expected/hoped for, then investment in new products and infrastructure can be curtailed. But would investors really be happy with that? I would expect to see an equity fundraising instead.Growth - On a constant currency basis, revenue for FY 2018 is expected to post a 9% gain.In the context of a mature, profitable business, 9% revenue growth would be acceptable to me. In the context of an early-stage, unprofitable business, it's not enough to interest me.To give credit where it is due, the current management team have taken a company which was a complete wreck a couple of years ago, and turned it into something which looks like it could potentially reach success if given enough time.For me, it is still too early-stage. I refuse to get diluted and I think existing shareholders in this one may find themselves facing a cash call over the next year or so.Stocko algorithms seem to agree:5b15095411f91TUNG_20180604.PNGNotice how expectations have trended lower, a pretty serious red flag when you're investing in what is supposed to be a growth business:5b1509c857a20TUNG_20180604_exp.PNGToday's trading update refers to the sales miss for the year as relating to a "longer sales cycle" - i.e. business customers not biting as they were expected to. I've just quickly reviewed my personal portfolio and only 2 of them are purely B2B (business to business sales), although some of the others are a mix of B2B and B2C. In general, I think B2C sales are more valuable than B2B, and it makes to have a bias toward B2C shares in most equity portfolios.The product - Tungsten offers a range of financial services to buyers and suppliers, with the goal to streamline global trade and make it "frictionless".I've spent a few minutes this morning browsing the Tungsten website's product offering and there are a few interesting nuggets in there. However, I do have to say that I think the trumpeting of E-

Ripley94 04 Jun 2018

Steve More. Blogged after todays RNS.Still a sell @ 55p

kryptes 12 Feb 2018

Re: on the way to 75p just look at it zooming up to 75p. And only about 2 years after the prediction that it would! Genius.

kryptes 06 Feb 2018

Re: on the way to 75p Well, as you ask and if we're playing the fantasy trade game you seem to enjoy so much (highlighting those which seem to have gone up, quietly forgetting those which have since plunged) then my short at 400p is doing very nicely thank you.

IOMINVESTCOM 05 Feb 2018

AXA Investment Managers now has a 5.0% stake LONDON (Alliance News) - Tungsten Corporation PLC said on Monday AXA Investment Managers now has a 5.0% stake in the company after a transaction Tuesday last week.AXA's new stake represents 6.3 million Tungsten Corp shares out of the 129.1 million in issue. Previously, it held an undisclosed stake.Shares in the e-invoicing firm were down 1.7% on Monday at 69.43 pence each.

Ripley94 03 Feb 2018

Re: on the way to 75p Don't think so buddy LOL :- )Hows your short ?

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