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TERN Tern Plc

2.85
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tern Plc LSE:TERN London Ordinary Share GB00BFPMV798 ORD 0.02P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.85 863,534 07:31:42
Bid Price Offer Price High Price Low Price Open Price
2.70 3.00 2.85 2.85 2.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 66k -10.45M -0.0269 -1.06 11.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:13 O 20,425 2.9375 GBX

Tern (TERN) Latest News

Tern (TERN) Discussions and Chat

Tern Forums and Chat

Date Time Title Posts
23/4/202415:32TERN, encrypting the cloud and Internet of Things.348,968
23/4/202409:26TERN, encrypting the cloud and Internet of Things.18,722
23/4/202408:13tern mbo ?2,930
22/4/202407:40WARDY GOES POP44
14/4/202413:59Tern plc 2,328

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Tern (TERN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:23:142.9420,425599.98O
15:15:322.8810,000288.45O
15:13:032.8820,000576.50O
14:05:082.774,500124.47O
11:58:222.8834,286988.98O

Tern (TERN) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Tern Daily Update
Tern Plc is listed in the Finance Services sector of the London Stock Exchange with ticker TERN. The last closing price for Tern was 2.85p.
Tern currently has 388,571,510 shares in issue. The market capitalisation of Tern is £11,074,288.
Tern has a price to earnings ratio (PE ratio) of -1.06.
This morning TERN shares opened at 2.85p
Posted at 19/4/2024 17:10 by haydock
Post to keep in front for the weekend.
A simple ascessment of the position of the companies held & developed by Tern.

An answer to those looking for a reason to buy & to the blocking activities of Caps Lock

andrbea19 Apr '24 - 10:35 - 348740 of 348843
0 8 0
Weird month.
DA picking up 2 awards, Virtual Summit with CyperArk & Microsoft less than a month away .... Tern share price does nothing.
Wyld, about a dozen projects now in Brazil, among which the cattle one could be a whopper. Into Italy and Australia too. SpaceX - still an unfinished story. Tern share price does nothing.
FvR. A 20-minute video yesterday with a top man at Apple Pro Vision. He hangs on Graham Vincent's every word. Yesterday more proof of Meta doing ads with FvR. And Google wanting to enter the VR headset space. Tern share price does nothing.
TM looking to 50x revenues.

I could go on ....

EV is fast approaching, is my conclusion, on one of these, or all 4.
Posted at 19/4/2024 10:35 by andrbea
Weird month.
DA picking up 2 awards, Virtual Summit with CyperArk & Microsoft less than a month away .... Tern share price does nothing.
Wyld, about a dozen projects now in Brazil, among which the cattle one could be a whopper. Into Italy and Australia too. SpaceX - still an unfinished story. Tern share price does nothing.
FvR. A 20-minute video yesterday with a top man at Apple Pro Vision. He hangs on Graham Vincent's every word. Yesterday more proof of Meta doing ads with FvR. And Google wanting to enter the VR headset space. Tern share price does nothing.
TM looking to 50x revenues.

I could go on ....

EV is fast approaching, is my conclusion, on one of these, or all 4.
Posted at 18/4/2024 14:16 by bingoprize
Terns share price will be insignificant when an asset gets moved on. The assets value will not be judged against Terns sp, but Terns share price will reflect the asset value and Terns percentage of that asset. It would be known numbers to give a final…ish figure. Tern share price only matters when Tern need to raise money. We just need that event to change everything.
Posted at 17/4/2024 11:34 by stentorian
Tern are a 5.9% Limited Partner in Sure Valley Ventures Enterprise Capital Fund LP

This has three investments so far:

RETINIZE
JAID
CAPTUR


No mention in the Tern Portfolio update.

I normally shadow Sure Ventures plc's web site as they are a 5.9% Limited Partner too. I posted last September 2023 (below)- I was expecting their Interim Accounts - strangest thing - Sure Ventures plc have not released any RNS' since my post. Not even an RNS announcing their Interim Accounts which were released at Companies House on 24 January 2024! Naughty...

From the Interim Accounts there is a comment at page 9, para 4:

It seems that £445,500.00 has been drawn down against their commitment.

Tern must have drawn down the same amount as their commitments are identical.




"stentorian - 04 Sep 2023 - 12:50:27 - 338838 of 348643 TERN, encrypting the cloud and Internet of Things. - TERN

Sure Valley Ventures Enterprise Capital Fund LP

Tern PLC are a 5.9% Limited Partner in the above. So are Pires Investments PLC and Sure Ventures plc with 5.9% each.

On 23 July 2023, Sure Ventures plc issued their annual report it includes a report on the fund - which they call "FUND II". They provide a lot more information and colour than Tern plc do.

"PORTFOLIO UPDATE – FUND II

In March 2022 the Company announced its commitment of £5m to the Sure Valley Ventures Enterprise Capital Fund. This is a £85m first close launch of a total £95m UK software technology fund, investing in AR, VR and the Metaverse, including AI, IoT and Cybersecurity in investee companies throughout the UK (Fund II). The British Business Bank is the £50m cornerstone investor through its Enterprise Capital Funds programme and it is envisaged that investment in up to 25 software companies will be made during the investment period.

As at the year end, the first portfolio Fund II investments had been made in Retinize, a Belfast-based creative tech company developing an Animotive software, harnessing VR technology to transform the 3D animation production process. An investment in Jaid was also made which is an innovative technology company providing AI-powered human communications solutions. As at the year end 5% of total commitments had been drawn and the pipeline for new investments remains extremely healthy.

Further information on the investment portfolio is provided in the report of the Investment Manager which follows this statement...

THE INVESTMENT ENVIRONMENT
...
The initial investments identified for Fund II, and the varied deal pipeline that has been identified is also particularly pleasing.
...
OUTLOOK

Fund II is at the early stage of the investment cycle and the investment team is encouraged not only with the quality of its first investments, but with the deal pipeline that has developed.

...
INVESTMENT MANAGER REPORT
...
SURE VALLEY VENTURES ENTERPRISE CAPITAL LP

Sure Valley Ventures Enterprise Capital Fund LP is a close-ended UK based GP/LP Fund which completed its first close on 1 March 2022. The total commitments for this first close were £85m. The British Business Bank are the cornerstone investor of this Fund, committing £50m of the initial £85m, with Sure Ventures plc committing a total of £5m.



Fund II has a similar investment strategy to the first Fund, being a seed capital investor in high growth software companies that are focused on bringing a disruptive innovation to market. It plans to invest into 25 software companies from across the UK through its new fund. As well as being based in London, Dublin, and Cambridge, the Sure Valley team has recently opened an office in Manchester to help access deals in the significant and exciting innovation clusters that have developed around creative technologies in the North of England and in the Metaverse and AI opportunities in cities such as Manchester, Leeds, Sheffield and Newcastle.



As at 31 March 2023, the Fund had drawn down a total of £4.25m and has made its first two investments into a Belfast based company called Retinize, for an amount of £1m and a London based company called Jaid t/a Opsmatix Limited for £1m with the option to invest a further £350k. The total invested capital to date for Sure Ventures plc was £250,000.

"
Posted at 17/4/2024 09:25 by andrbea
On T-gram
17 Apr 2024, 7:45 GMT+1 , Company Announcement / Press release (Regulatory)
Major shareholders, members of the board of directors and members of the executive management intend to exercise their warrants of series TO4 in Wyld Networks AB
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Wyld Networks AB (“Wyld Networks” or the “Company”;) hereby announces that major shareholders in the Company, and members of the board of directors and management that hold warrants, have informed the Company that they intend to exercise all their warrants of series TO4. This corresponds to an investment of approximately SEK 2.2 million, corresponding to approximately 30.9 percent of the total amount of outstanding warrants of series TO4. The subscription period for the warrants of series TO4 is currently ongoing and will continue up until April 29, 2024.



“We are delighted that these long-term shareholders continue to support Wyld Networks as we launch the satellite IoT network service.”, said Alastair Williamson, CEO of Wyld Networks.



Wyld Networks has received non-binding commitments that the following warrant holders intends to exercise their warrants privately, through related parties or through company:



Shareholder

Role in the Company

Number Of TO4

SEK

Philip Andersson



360,000

658,800.00

Jonathan Swann



344,847

631,070.01

Tern PLC



295,699

541,129.17

Michael Russell



72,562

132,788.46

David Martin



52,971

96,936.93

Stewart Rough



18,750

34,312.50

Alastair Williamson

CEO

13,536

24,770.88

Bruce Leith1



9,739

17,822.37

Ian Ritchie1



8,571

15,684.93

Mats R Andersson

Board Member

4,486

8,209.38

Mats L Andersson

Chairman of the Board

4,025

7,365.75

Chris Caswell

CFO

2,142

3,919.86

Total



1,187,328

2,172,810.24

1 Board of directors and members of the executive management at Tern PLC

If all the warrants of series TO4 are exercised, the Company will receive approximately SEK 7.0 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 29, 2024, or sell the warrants no later than April 24, 2024. Please observe that certain nominees might close their application earlier than April 29, 2024.



Summarized terms for the warrants of series TO4:

Subscription period: April 15, 2024 – April 29, 2024.

Issue size: 3,839,998 warrants of series TO4, which entitles to subscription of 3,839,998 shares. If all warrants are exercised, the Company will receive approximately SEK 7.0 million before issuing costs.

Exercise price: SEK 1.83 per share.

Last day for trading warrants of series TO4: April 24, 2024.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 320,410.60, from SEK 1,429,061.47 to SEK 1,749,472.07. If all warrants are exercised the number of shares in the Company will increase with 3,839,998 shares, from 17,126,753 shares to 20,966,751 shares. In the event that all warrants of series TO4 are exercised, the dilution amounts to approximately 18 percent of the number of shares and votes in the Company.



Please note that warrants that are not exercised by April 29, 2024 at the latest, or sold no later than April 24, 2024, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.



How warrants are exercised:

Nominee-registered warrants (Custody account)

Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.

jonathan Rowland, [17/04/2024 9:37]
Direct-registered warrants (Securities account)

No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.

The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.

The application form including instructions for payment will be available at Wyld Networks’ website, www.wyldnetworks.com.

poster [17/04/2024 9:58]
Tern taking up warrants is good. Buying additional shares would be better.
Posted at 10/4/2024 21:28 by steveberyl
steveberyl 10 Apr '22 - 19:01 edit
0 4 1
Tern progress from here will astonish the whole Market, not just AIM.

Perhaps even a Main Market Quote will be the ultimate destination, primarily because of the calibre of Companies approaching 10/11 who I Firmly believe are the PRIME reason Tern is now speaking to GLOBAL Majors.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Looking at Google you find both META & APPLE have both advertised their new approach to Gambling App. The recent adverts, by META/APPLE extolling the virtues of FVR begin to make a lot of Sense.


FVR secured by either one or a joint venture between the 2 would present the opportunity for either or both to offer gambling/Gaming APP`s at arms length.
Tern have a tad under 410m Shares in issue and stand at 3.75p


Tern have one or two rather interesting INVESTEE`s that may well EXIT for a Considerable sum, those considerable sum`s I will leave YOU to work out.

Very interesting to see that Tern Investee`s all embrace A1 tech which sell`s for a Premium.

Whatever sums Tern get for their holdings will reward the Board and holders plus FUND the next Generation of INVESTEE`s, who will be clamouring to be funded by 10/11 LED Tern. Reaching Fruition at a far faster rate due to adequate funding being held in Tern coffers.



Imagine the company that would be, an incredibly wealthy outfit, entering a Multi billion dollar market, with an unassailable, ability to corner the Market with an outstanding product, unequalled by any of even the biggest Gambling/Gaming Companies.

This is some prize if my thoughts are even half way correct. Gambling through Mobile phones brings Trillions to UK/USA Gambling/Gaming outfits. How exciting is that??

There are others better than me at trawling through Net to discover if my thoughts are worthy.








philjeans10 Apr '24 - 17:36 - 348299 of 348299
0 3 0
Desperate paid trolls trying very hard but losing the battle!

UP TOMORROW!

Patient holder here who knows a thing or three, deserves to prosper. Last four trades indicate that Thursday will kick off Blue and improve throughout the Day.

Personally; I believe Discussions have been held for Month`s and regulation`s concerning an `APPROACH` do not impact `INVESTEE`s` in terms of "must be published"
otherwise what are Partnership? Certainly a grey area, meaning that a statement such as, "An offer may or may not be made" is very unlikely, i expect something like, "AN OFFER HAS BEEN MADE TO PURCHASE X FOR ?"

Imagine where the Price goes when that EXIT RNS LANDS
Posted at 10/4/2024 07:55 by eeezeeetiger
Troll activity always increases as the share price rises. The share price has doubled since 25th March and the trolls have lost their productivity bonus so are desperate to unsettle buyers and holders. They have been spouting the same drivel for seven years so I will point out that Tern is not going bust and is not being delisted despite what they continually say.
Posted at 09/4/2024 14:17 by steveberyl
Tern have a tad under 410m Shares in issue and stand at 3.75p


Tern have one or two rather interesting INVESTEE`s that may well EXIT for a Considerable sum, those considerable sum`s I will leave YOU to work out.

Very interesting to see that Tern Investee`s all embrace A1 tech which sell`s for a Premium.

Whatever sums Tern get for their holdings will reward the Board and holders plus FUND the next Generation of INVESTEE`s, who will be clamouring to be funded by 10/11 LED Tern. Reaching Fruition at a far faster rate due to adequate funding being held in Tern coffers.
Posted at 09/4/2024 14:13 by steveberyl
Tern have a tad under 410m Shares in issue and stand at 3.75p


Tern have one or two rather interesting INVESTEE`s that may well EXIT for a Considerable sum, those considerable sum`s I will leave YOU to work out.

Very interesting to see that Tern Investee`s all embrace A1 tech which sell`s for a Premium.

Whatever sums Tern get for their holdings will reward the Board and holders plus FUND the next Generation of INVESTEE`s, who will be clamouring to be funded by 10/11 LED Tern. Reaching Fruition at a far faster rate due to adequate funding being held in Tern coffers.

At 3.75 a pop, Tern is a steal. A certainty for a FTSE Quote soon.
Posted at 09/4/2024 12:32 by andrbea
I agree Stentorian, these potential enterprise value vectors (some only a month away?) like automotive via Microsoft & Cyberark, don't equate with a share price of ca. 3p for Tern.

OK, Tern's stake in DA is less than say 2 years ago, but the low-hanging fruit is within arm's reach now, whereas DA did not have an automotive alliance in 2023 (like it has now with Microsoft/CyberArk/Argus, for the past 3-4 months).

So, an historic 17p (... or 51p) Tern SP, for instance, at a higher Tern stake in DA, is not fairly reflected IMO in the current ca. 3p/Tern share price (albeit with a current lower stake in DA) because of that imminent EV landscape.

Especially as the others (Wyld, TM and FvR) are also trees in their own right, with low-hanging fruit!
Tern share price data is direct from the London Stock Exchange

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