UK 10:12 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I spent the morning starting fires at the Greek Hovel burning off some of the frigana I cut last summer. Photos of myself and George in action will be on TomWinnifrith.com later - but that brings me to a very good reason to attend the UK Investor Show - there are stacks of reasons - as I explian in the podcast. The show is now 75% sold out but you can book your tickets today HERE. Meanwhile I look at Quindell, the shoddy outfit that is Cenkos, Sefton Resources, New World Oil & Gas, Tungsten and Fitbug.
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Comments
webpax
Re TUNG I think Matt Earl’s latest blog contains a number of inaccuracies:
Firstly his calculations focus on the UK market alone whereas in fact Tungsten Early payment is already live in the US (a much bigger market) and the banking licence gives them a passport into the EU market. In time other countries will be added as well.
Secondly he suggests the success of the business model is dependant on rising interest rates. It was made clear at the Interim results webcast that the margin remains largely unchanged regardless of the level of interest rates (this was hammered out with the BofE during the stress test to obtain the banking license).
Thirdly he makes no mention of the potential revenues from Tungsten Analytics which could be significant (albeit unproved at this stage) with the first customer signed up and 27 trialling the service.
The company may or may not be overvalued, and may well need to raise more cash but the above points are still relevant when assessing the bull/bear case.
@webpax1
AK47
Tom, do the FCA actually respond to your valid complaints and actually hold the company’s / individuals accountable for their dodgy behaviour?
alcira16247
Tom
Re: Sefton
Really?
Doesn’t a tiny part of you yearn to sink the detractors of your past, well and truly?
Isn’t being part of a new venture with folk you respect and value enticing? You know as well as many of your followers you can add value to this enterprise! You also know better than most, the folks involved…. are they stupid?….. Would they waste their time and money in fruitless causes? Are they worthy enough to join?
What a wonderful story this could be!