Stock data
| Market cap. | £40.8m |
| Last close | 32.35p |
| High / Low (52 weeks) | 68.8p / 22.0p |
| 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 | 15.7 | (2) | (50.4) |
| Relative * | 12.7 | (3.8) | (49.4) |
* % Relative to local index
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Company news
Investment summary
Although revenue was below the Tungsten’s aspiration, H119 results (announced in December) showed a significant reduction in EBITDA loss and the group indicates it is on track to reach EBITDA profit for the full year despite reducing modestly its full year revenue goal. Substantial work has been done on rebuilding its technology infrastructure, successful implementation of price increases and close cost control. A new board is providing refreshed focus and is undertaking a review of the business to ensure all opportunities to accelerate revenue and profit growth are exploited.
Last updated on 01/02/2019
| 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 27/01/2019
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
Having effectively completed the heavy lifting of renewing the network infrastructure, updating the products and restarting the finance business, Tungsten is now well placed to give greater focus to revenue growth. The underlying market opportunity to provide cost-saving and value-enhancing services related to the global supply chain remains substantial. The investment in new technology should allow increased operational leverage as the increased focus on the addition of new higher value customers begins to gain traction.
Last updated on 01/02/2019
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 |