UK 21:58 Friday, 6 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 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.
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...
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…
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 (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…
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?
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…
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…
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 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 (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...
