Updates and Ideas

Tungsten - E-invoicing business couldwin B-I-G

November 2013

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.

Tungsten (TUNG; 228p) is a new issue that has caught our eye. Nothing to do with the metal; instead, Tungsten has been set up with the aim of building a better mousetrap in the area of e-invoicing (billing information that is sent electronically between suppliers and buyers). The shares have seen strong institutional demand, enabling the company to raise £160m at the 225p placing price and giving the company an exciting opportunity. Tungsten was set up in 2006 by chief executive, Edmund Truell and has been assembled following two deals. Truell is a seasoned corporate financier who has worked in the cut-throat world of banking, private equity and debt investment for nearly 28 years, with Duke Street, Barings and Hambro. Usually thi ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hargreaves Services

Foxtons

Tungsten (December 2016)

Tungsten - Shares double since January (March 2016)

Tungsten - 70% uplift on H1 software renewal pricing (January 2016)

Tungsten (June 2015)

Tungsten (April 2015)

Tungsten (March 2015)

Tungsten (February 2015)

Tungsten - Enters into "multi billion dollar" financing (January 2015)

Tungsten - Trading ahead of expectations in first four months (October 2014)

Tungsten (September 2014)

Tungsten - GE to roll-out Tungsten into each location (June 2014)

Tungsten - Demand for e-invoicing at record high (May 2014)

Tungsten (April 2014)

Tungsten - Appoints reseller in Mexico (March 2014)

Tungsten (February 2014)

Tungsten (December 2013)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X