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EDISON INVESTMENT RESEARCH LIMITED Tungsten (TUNG): Foundations for growth in place

Directive transparence : information réglementée

12/02/2021 08:00

Edison Investment Research Limited
Tungsten (TUNG): Foundations for growth in place

12-Feb-2021 / 07:00 GMT/BST


 

London, UK, 12 February 2021

 

 Tungsten (TUNG): Foundations for growth in place

Tungsten's H121 results in December showed resilience in a difficult period and the group is making progress in implementing its strategy. New products are gaining traction, a reshaped salesforce is building a promising pipeline and partnerships are in place or under discussion to provide complementary services, broaden the reach of the network and create new channels to market. COVID-19 causes uncertainty over prospective transaction-related revenues, but may also act as a prompt for potential customers to digitise their invoice handling.

 

Tungsten trades on an enterprise to sales multiple of 1.0x compared with peers ranging between 1.7x and 51.6x (see valuation section). The valuation is likely to appear increasingly conservative as Tungsten provides further evidence of delivery of its strategy.  


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About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

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1167826  12-Feb-2021 

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