Stock data
| Market cap. | £43.8m |
| Last close | 34.70p |
| High / Low (52 weeks) | 70.6p / 34.7p |
| Stock market listing | LN |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Financials |
| Sector | Financials |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (18.8) | (38.5) | (46.6) |
| Relative * | (17.9) | (33.5) | (43.7) |
* % Relative to local index
Other companies in sector Show
Company news
Tungsten Corp Plc rejects combination offer from its founderMon, 21 Mar 2016 08:22:56 GMT |
What's Going On At Tungsten Corp PLC?Thu, 21 May 2015 12:11:15 GMT |
Who Owns Most Of Tungsten Corporation Plc (LON:TUNG)?Tue, 26 Dec 2017 14:03:45 GMT |
Tungsten Corp. 2018 Q2 - Results - Earnings Call SlidesMon, 25 Jul 2016 17:15:00 GMT |
Tungsten Corp. 2016 Q1 - Results - Earnings Call SlidesMon, 25 Jul 2016 17:15:00 GMT |
Investment summary
Tungsten's September AGM trading update indicated that it is on track for its FY19 trading guidance, including revenue of at least £37.5m (constant currency basis), stable gross margin and operating expenses, and an EBITDA profit. Growth is expected to accelerate during the year. In Q119 revenue was £8.6m and five new accounts payable (AP) customers have been signed. The EBITDA loss in the quarter was £0.5m. The pipeline of potential AP customers includes four at the contracting stage and a number of new or enhanced services introduced recently. The outstanding balance at Tungsten Network Finance has continued to rise with an average of £60m for July vs £43m for April. In October Tungsten announced that two non-executive directors would stand down, including chairman Nick Parker. Tony Bromovsky has succeeded him in this position.
Last updated on 26/10/2018
| Y/E Apr | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 31.3 | (11.8) | (12.7) | (9.9) | N/A | N/A |
| 2018A | 33.7 | (4.6) | (12.7) | (9.5) | N/A | N/A |
| 2019E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2020E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 22/10/2018
Latest research
Focus on delivery and growth
Update | Financials | 24/07/2017
Focusing on growth and efficiency
Update | Financials | 19/10/2016
EBITDA breakeven forecast reiterated
Update | Financials | 24/02/2016
A new focus on e-invoicing
Initiation | Financials | 04/01/2016
A renewed focus on efficiency
QuickView | Financials | 28/09/2015
Successful placing raised GBP17.5m
QuickView | Financials | 26/05/2015
Progress at Tungsten Network
QuickView | Financials | 18/05/2015
Latest video
Industry outlook
The underlying efficiency benefits for companies adopting e-invoicing and related services provides a positive backdrop for the business. Having effectively completed the renewal of the network infrastructure, updating of products and restarting the finance business Tungsten is well placed to give greater focus to revenue growth. H119 results are due to be announced 13 December.
Last updated on 26/10/2018
Key management
| David Williams , CFO |
Company address
| Pountney Hill House 6 Laurence Pountney Hill London EC4R 0BL United Kingdom + 44(0) 870 1657420 View website |