The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

Tungsten Corp – full-year results, “clear opportunities”?...

2021-07-30 15:14:59

Self-styled “a leading provider of digital financial management products and software solutions”, Tungsten Corp (TUNG) has announced results for its year ended 30th April 2021 including emphasising “adjusted EBITDA has increased from £2.7 million to £3.6 million” and “an increase in transaction volumes over the Network as we entered the new financial year, and it's pleasing to see that our year to date transactions are up 10% versus the prior year”. Why then are the shares unchanged at 38p compared to above 40p as recently as last month and also a year ago?

Tungsten (#TUNG) – CEO Andrew Lemonofides to leave, Paul Cooper to join with immediate effect. Good luck!

2021-06-09 07:40:28

Tungsten Corp – another intra-day announcement (uh oh!). “Customer Loss”...

2021-03-24 08:18:56

Previously writing on Tungsten Corp (TUNG), in December I noted it arguing it “well placed to capitalise on the opportunities being presented”, except there’s somewhat of a lack of current opportunities. Now an intra-day, 2:15pm, announcement (uh oh), “Customer Loss”. Oh dear...

Tungsten Corp – interims argue “well placed to capitalise on the opportunities being presented”. Really?...

2020-12-14 14:27:01

Tungsten Corp (TUNG) has announced results for its half year ended 31st October 2020. Do they support it being, self-styled, “a leading global electronic invoicing and purchase order transactions network”?...

Tungsten Corp – it having argued in September “still expects to meet external forecasts for FY21”, Guess what...

2020-11-27 16:28:39

Previously writing on electronic invoicing and purchase order transactions network company Tungsten Corp (TUNG), in September with the shares falling back below 40p I concluded the valuation with the company having to attempt “transformation” in a very challenged economic environment meant still avoid / sell. The shares are currently falling below 30p on the back of a “Trading Update”...

Tungsten (#TUNG) – now for remainder of its current year “expectation… that transaction volumes will remain at lower levels”

2020-11-27 07:37:39

Tungsten Corp – following results arguing “still expects to meet external forecasts”, “Directorate Change”...

2020-09-11 14:15:49

Previously writing on electronic invoicing and purchase order transactions network company Tungsten Corp (TUNG), in July with the shares at 42p I questioned “positions the business well for future growth”?. Now a “Directorate Change” announcement has followed recent results for the company’s year ended 30th April 2020...

Tungsten (#TUNG) – CFO Chris Allen “has asked to step down… with immediate effect, for personal reasons” – only joined in April

2020-09-11 07:55:17

Tungsten – trading update, “positions the business well for future growth”?...

2020-07-20 11:12:00

Self-styled “a leading provider of digital financial management products and software solutions” Tungsten (TUNG) has updated including emphasising, on an adjusted basis, “revenue grew 3% to £36.3 million… Positive full year cash generation of £0.4 million” – and the shares have currently responded to 42p, more than 6% higher...

Tungsten – “COVID-19 Update”, increasing electronic invoice volumes?...

2020-03-23 13:54:24

Tungsten (TUNG) has updated including “in the last week, we have been contacted by a number of our largest global buyers who are looking to increase their electronic invoice volumes through us as part of their response to the global pandemic. This action is being driven by an urgent concern that office closures mean many paper documents can no longer be effectively distributed and processed by a widely dispersed home based workforce. These buyers include a number of fast moving consumer goods companies who are providing products in high demand right now, and who see Tungsten as having the perfect online digital platform to meet their current needs”. The shares have currently responded up towards 24p, though still down from just below 34p when I previously updated earlier this month…

Tungsten – argues transformation to sustainably profitable “remains firmly on track”. Er, really?...

2020-03-10 16:10:40

A “Trading Update for the Nine Months to 31 Jan 2020” from Tungsten (TUNG) which includes “revenues remain in line with our YTD Q3-FY20 expectations” and “our transformation to a sustainably profitable e-invoicing enterprise remains firmly on track”. The shares though remain below 34p – having been approaching 40p last month…

Bury bad news on Election day – shocking interims and the cash is running out. No2 – Tungsten Corp

2019-12-12 11:56:50

Electronic invoicing and purchase order transactions network company Tungsten (TUNG) has announced results for its half-year ended 31st October 2019 – on election day. Hmmm…

Tungsten (#TUNG) – results disappointment on election day; including revenue growth “slightly below management expectations”

2019-12-12 07:42:50

Tungsten Corp – argues swing to profit & “sales pipeline continues to grow”… so why are the shares lower?

2019-09-19 14:27:00

Tungsten Corp (TUNG) has updated on its quarter ended 31st July 2019 including “revenue grew 5% in comparison to Q1-FY19”, “reflecting revenue growth, ongoing cost containment and collection of receivables written off in prior periods of £0.2 million… adjusted EBITDA increased to £1.0 million from a £(0.1) million adjusted EBITDA loss in Q1-FY19” and “our sales pipeline continues to grow, both by number and value of opportunities”. The shares have though currently responded to 43.5p, slightly lower…

Tungsten (#TUNG) – argues “now well positioned”, but “new sales billings are expected to be weighted to the second half”. Hmmm

2019-07-22 07:32:26

Tungsten – “achieved its first annual EBITDA profit”… but what about cash & the rest of the balance sheet?

2019-05-23 13:45:51

Business transaction platform company Tungsten (TUNG) is “pleased to announce that Tungsten achieved its first annual EBITDA profit… we are confident that through executing the actions identified in our operating review, including working with an e-procurement partner and expanding our AR e-invoicing services, we will be able to achieve higher revenue growth” – and the shares have responded higher above 38p. However, EBITDA is, of course, bullshit earnings and there’s a track record of disappointment to overcome…

Good Spot Roger Lawson – Tungsten and the "fanciful presentation" of cash

2019-02-26 04:46:19

My old pal Roger Lawson of ShareSoc deserves credit for this good spot on Tungsten (TUNG) in terms of its claim to have, for once, generated cash on a quarterly basis. Well up to a point, as Lawson explains:

Tungsten – half-year results,will it go bust & if so how soon?

2018-12-13 07:31:43

Business transaction network company Tungsten (TUNG) has announced results for its half-year ended 31st October 2018, including CEO Richard Hurwitz emphasising “we have achieved much in the first half of the financial year to support future revenue growth, including the new customers that we have signed, securing our Italian SdI registration and our partnership with Mastercard”. So why do the shares remain depressed around 32p?...

Tungsten Corp (#TUNG) – H1 loss on revenue just +3%, argues confidence for H2. Hmmm!

2018-12-13 00:42:43

Tungsten Corp – now a “secures SdI registration in Italy” RNS Reach. Hmmm…

2018-11-16 09:18:06

Tungsten Corp (TUNG) has emphasised “a significant step” with its certification as an authorised intermediary of the Italian tax authority (‘Sistema di Interscambio, SdI). This following it emphasising “appoints new SVP global sales” earlier this week. Hmmm, anything else behind this recent newsflow?...

Table of shorted AIM shares - week to 12/10/2018

2018-10-13 07:40:25

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tungsten Corp – AGM trading update, can “weighted to the second half” be relied on?

2018-09-22 06:48:53

Previously writing on Tungsten Corp (TUNG) last month, I noted it had stated “monthly EBITDA breakeven during the first four months of the calendar year”, but that is very different from net cash flow breakeven – and at the company’s 30th April year-end net cash was down to £6.4 million. Now an “AGM Statement / Trading Update”…

Tungsten (#TUNG) – argues “on track”, though that weight of revenue growth expected to materialise in H2. Hmmm.

2018-09-21 06:54:14

Tungsten Corp – pleased to appoint two new non-execs, or not?, balance sheet “adequate”, or not?

2018-08-24 07:15:46

“Tungsten Corporation plc, a global business transaction network, announces that Tony Bromovsky and Duncan Goldie-Morrison have been appointed to the Company's Board as Non-Executive Directors with immediate effect.” Hmmm, not ‘pleased to announce’ then?...

Tungsten Corp – full-year results argue “pleased to report on the progress made”, but balance sheet crunch ahoy?

2018-07-23 13:54:24

Tungsten Corp (TUNG) is “pleased to report on the progress made in the delivery of our strategic plan and the next phase in the development of Tungsten Network”, with it stating the first two “Financial Highlights” for its year ended 30th April 2018; “Revenue increased 8% to £33.7 million (FY17: £31.3 million); up 9% at constant exchange rates… EBITDA loss decreased to £4.6 million, a £7.2 million improvement from prior year”. Hmmm…

Tungsten Corp – “pleased to invite” two new non-execs. Hmmm, really?

2018-07-21 08:47:08

Previously writing on Tungsten Corp (TUNG) it was sack the board says Brexit loving hedgie Crispin Odey & bonkers company founder Edi Truell. Now a 3:22pm “Requisition Update & Proposed Board Appointments” announcement from the company…

Tungsten: beer and popcorn time as GM requisition to boot out the board is received

2018-06-30 01:06:32

Steve Moore commented HERE on press reports of potential boardroom strife at AIM-listed Tungsten (TUNG). It now looks as though the gloves are off, as last night at no-one-is watching o’clock (4.32pm) on a Friday evening the company announced it had received a General Meeting requisition with proposals to boot out the Chairman, CEO and two NEDs. I reckon we could be in for a treat on the entertainment front!

Tungsten (#TUNG) - GM requisition to sack (most of) the board: beer and popcorn time

2018-06-29 12:57:48

Tungsten Corp – sack the board says Brexit loving hedgie Crispin Odey & bonkers company founder Edi Truell

2018-06-14 04:29:37

Tungsten Corp (TUNG) has noted recent press speculation and “confirms that Odey Asset Management LLP has indicated that it intends to propose resolutions to seek the removal of certain directors of the Board of the Company… The board regrets that this initiative has been taken at the moment that Tungsten has reached an inflection point”. Hmmm…

Tungsten Corp (#TUNG) – Odey Asset Management has indicated that it intends to propose boardroom change

2018-06-13 23:56:45

Tungsten Corp – emphasises “operated profitably”… but has it really (with revenue growth below expectations)?

2018-06-04 06:58:53

Tungsten Corp (TUNG) has updated on trading for its year ended 30th April 2018, including emphasising “operated profitably over January to April 2018 period”, “adequate working capital” and “our trade financing activities are growing rapidly”. Sounds promising…

Tungsten (#TUNG) – emphasises EBITDA profitability, though admits “growth was behind the company's previous guidance”

2018-06-03 23:40:43

Tungsten Corp – AGM update, EBITDA breakeven ‘remains goal’. Who’s paying for the capex? The tooth fairy?

2017-09-15 03:07:54

Shares in Tungsten Corp (TUNG) are currently edging higher, above 60p, on the back of an AGM trading update – this though comparing to above 70p as recently as June and approaching 400p in 2014…

Tungsten Corp (#TUNG) – long-winded AGM update, but it’s still even EBITDA loss

2017-09-14 23:39:53

Tungsten Corporation. Keep Selling at 61p

2017-07-30 04:12:57

Tungsten Corporation (TUNG) released its prelims for the year to April 2017 this week and there are few signs that a viable business is emerging from the mess left by founder Edi Truell.

Tungsten Corp (#TUNG) – FY loss £12.5m, cash £17.5m.

2017-07-23 23:59:58

Tungsten Corp – CEO Hurwitz claims “remarkable headway in fiscal '17”, so why are the shares lower?

2017-05-25 00:05:04

A “Pre-close FY17 Trading Update” announcement from Tungsten Corp (TUNG) sees CEO Rick Hurwitz claiming “Tungsten made remarkable headway in fiscal '17”. With the shares responding, er, more than 3% lower to 66.25p, the following reviews...

Tungsten (#TUNG) – FY'17 EBITDA loss set “to be below £12m”, reckons on track for EBITDA breakeven within 2017

2017-05-23 23:59:51

ShareProphets Share Tips of the year Number 12 Steve Moore says sell Tungsten

2016-12-28 01:55:35

Recent half-year results from Tungsten Corporation (TUNG) sought to emphasise “statutory loss after tax £4.5 million, a £15.5 million improvement over H1-FY16”. However, not included in this comparison is that the prior period loss included £6.8 million of non-cash impairment and £2.3 million of finance cost foreign exchange losses against, respectively, none and a £5.2 million gain this time around. Capitalised, at a current 53.75p bid price, at approaching £68 million and it looking like there is further prodigious cash burn ahoy, the shares are a sell…

Tungsten (#TUNG) gets £25m as it completes bank sale - so not going bust. Yet.

2016-12-22 01:21:44

Table of shorted AIM shares - week to 16/12/2016

2016-12-17 02:48:57

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tungsten Corp – interims, claims “very encouraged by the emerging momentum”. Hmmm…

2016-12-14 08:53:57

Tungsten Corp (TUNG) has announced results for its half-year ended 31st October 2016, with CEO Richard Hurwitz statedly “very encouraged by the emerging momentum across our business”. Hmmm…

Tungsten Corp (#TUNG) – £4.5m H1 loss, cash down to £2.6m before inclusion of Tungsten Bank

2016-12-14 00:51:42

The Odey Death Portfolio

2016-12-09 02:00:00

Hedge fund manager Crispin Odey has had an awful year. His uber bearish macro calls have not paid off and his big long and short stock bets have nearly all gone terribly wrong too. When funds are in this much trouble it can have devastating effects on certain stocks. So what is in the Odey death portfolio?

Tungsten Corp – regulatory approval for sale of bank, so deal completed… or not…

2016-11-16 08:01:45

Having stated as recently as September “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”, there is now a further update on a sale still not completed…

Tungsten Corp (#TUNG) – sale of Tungsten Bank receives regulatory approval

2016-11-16 00:51:59

Tungsten Corp – another miss, this time on the sale of Tungsten Bank…

2016-11-01 07:40:31

Previously updating on Tungsten Corp (TUNG) in September, as it claimed “a positive start to its new financial year ending 30 April 2017” despite guidance not being exactly good, I also noted the company’s update that “the sale of Tungsten Bank is advancing as expected and we continue to expect the sale to complete by 31 October 2016”. There is today not a sale announcement though, but an “Update on Sale of Tungsten Bank”. Hmmm…

POS Tungsten (#TUNG) says sale of bank delayed but on track

2016-11-01 00:13:49

Disgraced Equities First is back: covert £3m share dumping by Edi Truell at Tungsten

2016-10-22 03:45:20

Equities First Holdings is back. You remember those chaps who "borrowed" shares from folks like Andrew Austin at IGAS, fraudster Rob Terry at Quindell (QPP) and Ronald Duncan at Cloudbuy (CBUY). Shares in all three companies crashed and all defaulted on the loans so completing what was in effect a hidden share sale. After almost two years the disgraced shysters of EFH are back and this time it is Edi Truell of Tungsten (TUNG) infamy who is dumping shares but wants to hide the fact.

Tungsten still a stonking short

2016-10-01 06:51:07

Tungsten Corporation (TUNG) shares have had a good run since July, rising over 50% to hit 70p this week. At today’s 67p the market cap is £86 million. That is way too high for a company forecast to lose £12-14 million on sales of £30 million in the year to April 2017.

Tungsten Corp – claims “a positive start to its new financial year”, but how positive really?

2016-09-17 01:16:23

Tungsten Corp (TUNG) has announced at its AGM “a positive start to its new financial year ending 30 April 2017”, though the shares have responded approaching 4% lower to 61.25p. Hmmm, let’s take a closer look...

Tungsten (#TUNG) – on track for bullshit earnings (sorry, EBITDA) loss of £12m-£14m, April 2017 cash £20m+

2016-09-15 23:35:58

Tungsten – claims “special operating assets”, but currently just another ’specially bad financial performance

2016-07-26 00:32:07

Tungsten (TUNG) has announced results for its year ended 30th April 2016 and that “the board is confident the company is well positioned for further sustainable growth”. The shares are further lower, at a current 43p, in response. Hmmm…

Tungsten – Full-year trading update, the board reckons ‘unwavering belief’. Hmmm…

2016-05-24 04:30:51

Tungsten Corp (TUNG) has updated on a cash balance “£1.1 million in excess of the board's expectations” and revenues for its year ended 30th April “representing an increase of at least 12.5% on the prior year”. The shares are though currently lower, at around 58p, in response. Hmmm, better continue reading…

Tungsten (#TUNG) warns FY sales below forecast but cash better - still disappearing fast

2016-05-23 23:16:57

Value Trasher Edi Truell quits Tungsten as his hare brained ideas rejected - the shares are still a sell

2016-03-21 07:43:49

Edi Truell, the founder of Tungsten (TUNG) has today quit the cash guzzling disaster story following the board rejecting his latest hare brained corpororate proposals. Mad Edi stepped down as CEO last July ago but remained, until today, as a NED. Does this make the shares more or less attractive?

Edi Truell quits Tungsten (#TUNG) board after it rejects his plan to inject more of his crap assets

2016-03-21 00:57:59

Tungsten Corp – is post ‘Capital Markets Day’ share price rise justified?

2016-02-27 02:03:44

Having fallen from heights touching 400p in 2014 to commence 2016 at sub 40p, shares in Tungsten Corp (TUNG) are now back to nearly 70p, to capitalise the company at £87.6 million. Post a recent ‘Capital Markets Day’, is this justified? …

Tungsten Corp – trading update reiterates much, but there’s a significant omission

2016-02-09 06:05:19

Tungsten Corp (TUNG) has updated that “trading in the third quarter was in line with market expectations, and that revenues for the full year to 30 April 2016 are expected to be broadly in line with its previous guidance”. With that guidance – for “revenue of at least £27.5m” – emphasised as recently as December, the now only “broadly” in line has helped the shares currently around 8% lower today towards 60p. And there is more…

Tungsten (#TUNG) insists on track for cash breakeven in just over a year - but cash running out

2016-02-09 00:24:30

Tungsten Corp – shares currently on the rise post late 2015 results hilarity but…

2016-01-12 08:30:27

Having been a major faller after commencing 2015 at 283.75p and ending the year at 37.125p (following interim results hilarity - see HERE), shares in Tungsten Corp (TUNG) are currently on the rise but…

End 2015 Performance Update: 2015 UK Investor Show bear calls & investor short positions

2016-01-11 06:44:05

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced. As noted HERE, we're monitoring progress of those also having been identified as shorts by significant investment companies...

Tungsten - Meet the New Boss. Same as the Old Boss. Don’t Get Fooled Again.

2015-12-20 01:16:00

Tungsten (TUNG) announced its half year results to October on Wednesday and followed it up with an analyst call, which did nothing to demonstrate that there is a viable business there.

Table of shorted AIM shares - 11/12/2015

2015-12-17 08:07:40

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Tungsten Corp – interim results statement hilarity, are management trying to fool us or are they fooling themselves?

2015-12-16 08:04:00

The financial highlights from today’s interim results announcement from Tungsten Corp (TUNG) include “Loss after tax of £17.6m (H1-FY15: £14.7m loss)”, but not to worry as Chairman Nick Parker reassures that the company “is making progress, achieving strong revenue growth and concluding encouraging customer renewal agreements… with a strong pipeline of new customers and prioritisation of activities that accelerate the realisation of profitable business, I believe Tungsten is well placed to deliver sustainable growth”. Hmmm…

Tungsten heading for Penny Share status. Sell at 39p

2015-11-29 09:37:09

Since Tungsten Corporation’s  (TUNG) share price peaked around 400p just over a year ago, prompting its then boss, Edi Truell to brag about the £400 millionn Market cap at the AGM, the market retribution has been savage and unrelenting. The shares are down over ninety percent and that’s after raising a further £30mn in the markets. (Memo to CEOs out there: Never brag about your shareprice)

Table of shorted AIM shares - 20/11/2015

2015-11-26 05:04:44

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Tungsten AGM and Q1 Trading Statement. No Sign of Encouragement - still a short

2015-09-25 04:05:31

As predicted recently, this week's Tungsten (TUNG)  AGM statement and first quarter trading statement did nothing to suggest that there is a viable business there and underlined the difficult predicament facing hapless CEO, Richard Hurwitz, who has been tasked with clearing up the mess left by  former boss, the wannabe disrupter and visionary, Edi Truell.

Tungsten Corp – AGM trading update, a true(ll) mess left by Edmund…

2015-09-24 03:59:21

An AGM trading update including that “to meet our growth plans we need to increase the pace of bringing suppliers onto the network, sign-up more new buyers to join the network, secure further buyer renewals at enhanced pricing and new suppliers to Early Payment” and that “we have further changes to make, notably in supplementing the new leadership team… In addition, we are undertaking a detailed review of our operating cost base” supports the view already widely expressed on this website that new Tungsten Corp (TUNG) CEO, Richard Hurwitz, has been left a true mess by predecessor and company founder Edmund Truell…

Tern and Tungsten. The Penny has Further to Drop

2015-09-13 00:21:00

Last week I warned about overvalued AIM listed Tech promotion Tern (TERN) PLC at 26p. The shares are currently 19p so it does look as is sentiment and momentum has finally turned (excuse the pun)

Table of shorted AIM shares - 04/09/2015

2015-09-09 00:30:58

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Tungsten Corp – full-year results, you were warned…

2015-07-22 03:53:50

I previously updated on Tungsten Corp (TUNG) in May – warning as the shares recovered above 100p (see HERE). They currently trade at around 75p following results for the company’s year ended 30th April 2015…

Table of shorted AIM shares - 10/07/2015

2015-07-17 06:30:50

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Performance Update: 2015 UK Investor Show bear calls & investor short positions

2015-07-10 06:05:39

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced. As noted HERE, we're monitoring progress of those also having been identified as shorts by significant investment companies...

The most shorted AIM shares - 05/06/2015

2015-06-11 00:17:08

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Zak Mir's Bear Call Of The Day: Tungsten Corporation: Below 105p Risks As Low As 50p

2015-05-29 00:46:05

While it is the case the current state of the stock market means that many investors are nervous, there are not that many genuine short plays to get a handle on. Most of us are of course familiar with the plight of Plus500, but the other big bear play at the moment looks to be Tungsten Corporation

Tungsten Corp – another jumping from recent lows, but where concerns remain…

2015-05-27 00:04:23

Like those of fellow AIM-listed Plus500 Ltd, shares in Tungsten Corp (TUNG) are currently recovering from lows after a precipitous share price decline. However, again like with Plus500, doubts remain…

Tungsten Corp – claims a “strong demand” placing, but how does 80p per share compare?

2015-05-22 04:28:39

With its shares having fallen from a 225p October 2013 AIM admission price and almost 400p in September, Tungsten Corp (TUNG) has now raised a, subject to General Meeting approval, further £17.5 million in a placing, though now at 80p per share. The following updates as the company purportedly “begins to transform the world's supply chain”. Hmmm…

Table of shorted AIM shares - 15/05/2015

2015-05-22 00:45:19

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Tungsten (#TUNG) raises £17.5m at 80p - will ensure lights now stay on for 12 months

2015-05-21 23:08:04

Edison is paid to puff Tungsten but cannot bring itself to do so, so writes garbage - SELL

2015-05-18 02:52:01

Paid for researcher Edison is paid by companies to produce notes. The hooker never tells her client how small his cock is she just gets on with it and thus Edison is always looking on the bright side. But in its utterly misleading note on Tungsten (TUNG) out today, even the rent-boy of the research world cannot bring itself to say buy. That is a pretty big Red Flag.

Tungsten Corp – “to transform the world's supply chain”? Er…

2015-05-15 00:05:46

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…

Tungsten (#TUNG) says will beat FY forecasts but warns needs funding. I should cocoa

2015-05-14 00:12:10

Tungsten ... now you see it

2015-05-12 01:22:36

Tungsten Trading Statement Preview - I stay short big time.

2015-05-12 00:27:26

The recent slide in the shares of Tungsten Corporation (TUNG) accelerated on Friday despite a massive post-election relief rally in the broader market.  It would appear that investors are nervous ahead of a trading update due on Thursday. In theory there should be no surprises as the company stated in its interim statement in January:

Tom Winnifrith BearCast - 10th May

2015-05-10 04:51:43

Only one company mentioned today and this is Tungsten (TUNG) where I suggest there may be a bit of a problemo revealed this week. Elsewhere in this podcast I look at why the post election surge in equities simply will not be sustained and indeed should be viewed as a selling opprtunity.

The bears not alone in a number of their 2015 UK Investor Show top short selections...

2015-04-27 03:50:17

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced - watch the video HERE. As shown below (from the FCA's spreadsheet of short positions required to be disclosed to it), a number of their top selections have also been identified as shorts by significant investment companies. We'll monitor progress, but, as noted previously, investors may at least want to double check if they are on the other side of the trades...

Tungsten (#TUNG) sets up university initiative - jargon filled, waste of money hogwash non news

2015-04-26 23:22:45

Tungsten (#TUNG) another non news contract win huff and puff

2015-03-30 00:10:33

Table of shorted AIM shares - 13/03/2015

2015-03-23 04:59:46

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Table of most shorted shares in London - 13/03/2015

2015-03-21 01:07:21

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE.

Adding to my short in Tungsten

2015-03-18 07:45:37

Thanks to the efficiency of the Cambodian bus service in providing Wifi I have been able to add to my short in Tungsten Corporation (TUNG) at 160p this morning. Hooray.

Yet again Tungsten (#TUNG) issues utter non news to try to prop up its share price

2015-03-18 01:20:59

Changes in disclosable net short positions - week to 06/03/2015

2015-03-14 00:52:01

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

Tungsten (#TUNG) -gets e-invoicing approvals in India

2015-03-11 01:46:16

Table of shorted AIM shares - 27/02/2015

2015-03-10 07:50:10

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

The top 20 single net short positions in London - 27/02/2015

2015-03-04 01:59:02

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the 20 highest single net short positions and the changes (red if short increased, green if reduced) since a previous analysis HERE.

The top 20 single net short positions in London - 20/02/2015

2015-03-02 05:15:09

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the 20 highest single net short positions and the changes (red if short increased, green if reduced) since a previous analysis HERE.

Tungsten, You Don't Know What You're Doing. Wake Up Chaps And Smell The Coffee!

2015-02-27 01:00:59

Tungsten Corporation (TUNG) was founded in 2012 by financiers Edmund and Danny Truell to buy something with potential in the Financial Services industry. After an attempt to float that year was aborted owing to market wobbles they finally got it away in October 2013 raising an impressive £160 million.It is unlikely that many people bothered to read the Admission Document.

Table of shorted AIM shares - 20/02/2015

2015-02-26 08:10:38

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Tungsten – A weedy Response is an open invitation to sell

2015-02-25 00:50:34

After hours Tungsten (TUNG) responded to a dramatic fall in its share price with a statement that was so weedy that it almost makes me tempted to go short, something I have not done before. If this was aimed at getting punters to buy the shares it failed. CEO and AIM entrepreneur of the year 2014 (another reason to short) Edmund Truell still has serious questions to answer. 

Changes in disclosable net short positions - week to 20/02/2015

2015-02-25 00:47:08

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

Tungsten ... it's a small world part II

2015-02-24 07:05:52

A principal reason why I have a bearish stance on Tungsten (TUNG) is down to the the forward curve for Bank of England (or for that matter that the FED or ECB) policy rate expectations.

Tungsten... it's a small world

2015-02-18 05:56:06

I've sold short in Tungsten (TUNG) at 208p and here's why. 

Tungsten (#TUNG) NED Michael Spencer quits with effect tomorrow

2014-12-30 00:22:54

Tungsten (#TUNG) - rolls out invoice discounting offering to selected US clients

2014-12-03 00:40:47