reports
Form 8.3 - Maitland Institutional Services Limited: Re Tungsten Corp p...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Re Tungsten Corp plc 25-March-2022 / 13:13 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: MI Chelverton UK Equity Growth Fund ...
Form 8.3 - Maitland Institutional Services Limited: Form 8.3 (OPD) - T...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Form 8.3 (OPD) - Tungsten Corp Plc 15-Dec-2021 / 14:34 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: MI Chelverton UK Equity G...
- Pedro Fonseca
Tungsten Corporation - Termination of coverage
Edison Investment Research is terminating coverage on Kcell Joint Stock Company (KCEL), Locate Bio, Pacific Edge (PEB), Tungsten Corporation (TUNG) and VEF (VEMF). Please note you should no longer rely on any previous research or estimates for these companies. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
Tungsten (TUNG): Foundations for growth in place
Edison Investment Research Limited Tungsten (TUNG): Foundations for growth in place 12-Feb-2021 / 07:00 GMT/BST London, UK, 12 February 2021 Tungsten (TUNG): Foundations for growth in place Tungsten's H121 results in December showed resilience in a difficult period and the group is making progress in implementing its strategy. New products are gaining traction, a reshaped salesforce is building a promising pipeline and partnerships are in place or under discussion to provide complementary services, broaden the reach of the network and create new channels to market. COVID-19...
- Pedro Fonseca
Tungsten Corporation - Foundations for growth in place
Tungsten’s H121 results in December showed resilience in a difficult period and the group is making progress in implementing its strategy. New products are gaining traction, a reshaped salesforce is building a promising pipeline and partnerships are in place or under discussion to provide complementary services, broaden the reach of the network and create new channels to market. COVID-19 causes uncertainty over prospective transaction-related revenues, but may also act as a prompt for potential ...
- Pedro Fonseca
Tungsten Corporation - Resilience and promising partnerships
Tungsten Corporation’s full-year trading update indicated revenues and EBITDA for FY20 were in line with expectations while net cash has increased since H120. COVID-19 has affected transaction volumes but resilience is provided by recurring revenue. Partnerships to broaden the reach of the network, create new channels to market and provide complementary services should help drive growth. New total accounts receivable (AR) and accounts payable (AP) products are also set to augment revenue and i...
1 director bought
A director at Tungsten Corp Plc bought 474,765 shares at 42p and the significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
- Andrew Mitchell
Focus on delivery and growth
Tungsten Corporation’s FY17 results confirm it is making good progress in implementing its more focused strategy and reengineering its internal processes to create greater operational leverage as demand for its e-invoicing and related services grows. The sale of Tungsten Bank last year and the start made on internal repair measures were key steps in improving the business and management can now focus on delivering profit and exploiting the attractive growth opportunities it is addressing.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Update: EBITDA breakeven forecast reiterated
At its recent capital markets day (CMD), Tungsten reiterated its financial targets and presented some of the measures it is undertaking to achieve them. If the business develops as it expects, Tungsten believes its current cash resources should be enough to allow it to meet its targets, while the cash resources tied up in its bank give it leeway. Tungsten is renewing its invoice financing initiative with a new, experienced leader to start in April 2016, with a wide-ranging strategy for winning b...
Initiation: A new focus on e-invoicing
Tungsten aims to transform its business in the next two years, to achieve EBITDA break-even on a run-rate basis by the end of FY17, from losses of £24.8m in FY15, by turning around its loss-making e-invoicing network business, selling its loss-making bank and reducing one-off costs in its other activities. In the key e-invoicing division it intends to reprice its services to the buyers on the network, increase the number of suppliers and re-engineer its processes to achieve the operational gear...
QuickView: A renewed focus on efficiency
At Tungsten’s AGM its new CEO, Richard Hurwitz, announced that he is undertaking a thorough review of Tungsten’s operations to accelerate growth and improve on cost efficiency. Its strategic objectives remain unchanged and profit guidance given in July, to break-even in FY17, remains in place. Its ownership of Tungsten Bank remains under review. A more detailed review of the CEO’s proposals will be presented when the interim results are announced in December 2015.
QuickView: Successful placing raised GBP17.5m
Tungsten has successfully raised £17.5m of additional equity to meet its near-term cash flow problems previously mentioned in its pre-close trading update on 14 May 2015. It has also announced strategic initiatives to develop the business. These include a possible joint venture with a global financial institution to develop its invoice discounting activities and a review of strategic options for Tungsten Bank.
QuickView: Progress at Tungsten Network
Tungsten Network has made good progress in expanding its global network and adding buyers and suppliers, and is now looking to add its analytics service to improve its revenue and margins. Invoice discounting has progressed less quickly than anticipated and the company is taking measures to accelerate growth. At an early stage of its development, Tungsten Corporation remains loss-making and suffers cash outflows. Various options to fund growth strategies are being considered. The current CEO, Ed...
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