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Tungsten Corp – what next following a higher takeover offer?

Previously recommended offeror for Tungsten Corp (TUNG), Kofax has announced it “is considering its options and urges Tungsten shareholders to take no action in response to the announcement by Pagero. A further announcement will be made in due course”. What of a Tungsten Corp share price currently up to 49.5p?...

EPIC TUNG
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Tungsten Corp – after emphasising possible offer interest just last week, another falls away...

On 14th December electronic invoicing and purchase order transactions network company Tungsten Corporation (TUNG) confirmed 40p per share possible offer interest from Kofax, Inc. and noted discussions also with Jaggaer, LLC and Accel-KKR, noting it “believes that 40 pence per share significantly undervalues the company”. The shares reached 44p, but today a “Statement regarding Accel-KKR” – and the shares currently back to around 40p.

EPIC TUNG
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Tungsten Corp – “encouraged by progress” & “denies... allegations”… but customer wins behind expectations & settling by paying £1.1m+!

Previously writing on electronic invoicing and purchase order transactions network business Tungsten Corp (TUNG), earlier this month with the shares up to well above 30p I cautioned including with prior results having shown still cash burn, with net cash down to £2.1 million and a customer loss. Now further news, including half-year results and the shares currently back down below 30p...

EPIC TUNG
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Tungsten Corp – full-year results, “clear opportunities”?...

Self-styled “a leading provider of digital financial management products and software solutions”, Tungsten Corp (TUNG) has announced results for its year ended 30th April 2021 including emphasising “adjusted EBITDA has increased from £2.7 million to £3.6 million” and “an increase in transaction volumes over the Network as we entered the new financial year, and it's pleasing to see that our year to date transactions are up 10% versus the prior year”. Why then are the shares unchanged at 38p compared to above 40p as recently as last month and also a year ago?

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