Updates

Tungsten - Shares double since January

March 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.

Maybe it was its name and the recovery in the mining sector that encouraged a few investors to blindly jump on the shares and led to Tungsten doubling since we made it a NAP just two months ago. Of course, I am being facetious. In fact the re-rating is supported by a trading update where Tungsten confirmed that Q3 saw the company continue to reduce cash burn. Net cash outside the Bank will be £8m by the end of April. Tungsten has introduced new buyer and supplier pricing models and it reiterated it expects to be at breakeven by 30 April 2017. The company is also considering white labelling its finance offer to which it remains fully committed (and it says that it has financed £104m cumulatively to Jan 16).Dire ...

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Tungsten (June 2015)

Tungsten (April 2015)

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Tungsten - Appoints reseller in Mexico (March 2014)

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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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