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Tungsten

September 2014

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.

  • Epic Code:
  • TUNG
  • Price:
  • 392p
The shares have been on fire as investors have finally cottoned on to the fact that Tungsten Bank is potentially opening itself up to taking deposits from institutional investors and third parties to support its invoicing discounting facilities. Separately, Tungsten has also announced a placing at 340p to raise £12m before costs for working capital (£7m) and to fund the acquisition of Image Integration Systems (Docusphere) for £5m. Directors have taken £2.25m.Tungsten could have built its own workflow/middleware to help link a customer’s ERP system to Tungsten’s supplier portal but buying an existing operator is a better way to do it, particularly as it will speed up the rate at which it gains traction for its invoi ...

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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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