Updates

Tungsten - 70% uplift on H1 software renewal pricing

January 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After the over-egging throughout 2014/5 by former chief executive Edi Truell, who talked of “trillions of funding” being carried over the Tungsten network, his much chastened replacement, Rick Hurwitz, delivered down to earth news with H1 results. On the current valuation, and with the sale of Tungsten Bank finally agreed for £30m (but subject to regulatory approval), the group now has a market cap. of £47m and has £39.7m cash (£15.9m plus £23.9m in Tungsten Bank).H1 results showed sales up 28% to £13.1m, which comprised 21% sales growth on the software side. Tungsten Early Payment and Workflow made up the balance. The H1 loss was reduced from £13.2m to £9.5m including &po ...

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Tribal Group

Supergroup

Tungsten (December 2016)

Tungsten - Shares double since January (March 2016)

Tungsten (June 2015)

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Tungsten (March 2015)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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