Good morning!

For anyone interested, myself and David Stredder recorded a two-part audiocast last night, recapping on companies reporting over the last few weeks, and covering our outlook and favourite share ideas for 2015. We make these purely for entertainment, so we are not recommending or giving advice. Feel free to laugh at us when our NAPS for 2015 plummet in due course! The audiocast link is here.

Although both David and I picked the following share as one of our 2015 NAPS, and it's gone up 11% this morning on a very interesting announcement (warning this stock is volatile & very speculative);

Tungsten (LON:TUNG)

Share price: 269p
No. shares: 103.5m
Market Cap: £278.4m

Financing update - this looks a potentially very significant annoucement. I won't regurgitate all the background to Tungsten, my previous reports here cover that. In a nutshell though, they needed to raise a substantial amount of money (think billions rather than millions) to provide the financing for their invoice discounting through e-invoicing platform, and it looks like they have been successful in raising that money.

Today's announcement of a deal (unspecified terms) with Insight Inv Mgt is described;

5497fa7491ddeTUNG.JPG

I have highlighted the key section above. So probably three main points to take away;

1. Insight is a massive asset manager, with £318bn funds under management.
2. This is a big deal ("several billion pounds"), although it's not clear whether that is referring to the cumulative total to be lent over the years, or if that is the total facility outstanding at any one time.
3. Tungsten doesn't need any additional financing at this stage.


My opinion - this looks like a big milestone. The shares are very speculative, and volatile, so come with a high risk warning. That said, I think this one has significant potential, so we'll see what happens. But be prepared for a bumpy ride - see the two year chart below!

5497fb7267387TUNG_chart.JPG


Pure Wafer (LON:PUR)

Share price: 46.5p
No. shares: 28.3m
Market Cap: £13.2m

Warehouse fire - This company, based in Wales, had a disaster over the weekend - a warehouse fire. Nobody was injured thankfully, and the company has put out a statement this morning saying that they have insurance cover;

5498040e2b09fPUR.JPG

My opinion - I'm neutral on this,…

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