UK 17:17 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tungsten Corp (TUNG) has updated that it “expects the unaudited financial results for the financial year to be above the board's expectations at the time of the announcement of the company's interim results”. Good. “Higher revenues, combined with lower than forecast costs in the second half of the year, are expected to result in a smaller loss for the full year than the market's expectation (Good)… of £31.2 million”. Oh! The following offers my translation of what I consider the key parts of a lengthy RNS and why the shares are down more than 10% at 130p on the back of it…
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Comments
Sherlock
Tungsten continues to impress with its own impression of itself.
Transforming the world’s supply chain indeed ! – when one of our customers told us that we had to sign up with OB10/Tungsten in order to pay to send them invoices, or they wouldn’t order from us, we told where to stick it – now their employees have to order with their own credit cards and then reclaim the money from their organisation.
Evidently the geniuses in their purchasing department had not figured out that 1) they can only buy what they need from us as there are virtually no other suppliers and 2) they need us more than we need them.
Tungsten could have navigated this process so much more easily had they stated that it would never cost money to issue an invoice to a customer. It is our statutory legal right to invoice a customer’s head office – which we shall continue to retain. Had Tungsten been smart they would have made this part of the process free thereby guaranteeing much more rapid take-up. The fact that they did not is a simple reflection of their unimaginative and conceited management team.
alcira16247
Steve
Many thanks for a really good piece of analysis.
I fully agree with your conclusions, too. Tungsten is presently at best a speculative punt, after being hyped to the high heavens over the last 24 months.
In these markets of volatility, smaller caps, like Tungsten are going to suffer, despite big sounding words and promises, whilst they turn in such dire and disappointing results. I don’t see the changes of senior management roles as being particularly positive and seeking further funding, certainly isn’t!
Sub £1 in my opinion.