Tungsten (TUNG)

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Tungsten TUNG Logo

The global e-invoicing, purchase order services, analytics and financing company.

14-Dec-2017 – 59.13p – £74.5m – PER n/a

Results For The 6 Months To End October 2017 – Revenue up 10% with a statutory loss of £8.5m versus a loss of £4.5m last time.

I’m just not interested here. But, IF forecasts are to be believed – It should have enough Cash to see it through to profitability (for the first time) in 2019.

21-Sep-2018 – 51.8p – £65.3m – PER n/a

AGM Statement / Trading Update – Seems in-line (ish), on track to make a smaller loss.

No more interested today than I was yesterday.

23-May-2019 – 38p – £48m – PER n/a

Trading Update For The 12 Months To End April 2019 – Revenue up 6% and first EBITDA Profit expected.

Will wait to see how the real profits look here.

19-Sep-2019 – 44p – £56m – PER 140

Q1 Trading Update – Revenue up 2% (CC), there’s a Profit and FY is unchanged.

Looks better but I still reckon it’s a case of needing to see the FY actuals here before taking any further action.

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