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TERN Tern Plc

2.70
0.10 (3.85%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tern Plc TERN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.10 3.85% 2.70 10:42:37
Open Price Low Price High Price Close Price Previous Close
2.60 2.60 2.70 2.70 2.60
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Tern TERN Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 25/4/2024 10:14 by tullynessle
I suspect most shareholders have come to the conclusion that TERN's holdings in its Investee companies are worth considerably more than the Net Asset Value estimated by our Management.

Even the Management believe such a premise by reference to their recent comments.

Unfortunately the current performance of TERN appears to be governed by the paltry sum of £307,692 debt and the cost of maintaining Administration and Operational support for the Company over the coming period until the first Exit is delivered.

Cash resources are available within TERN, however their sufficiency and runway has not been communicated to Shareholders at this time.

So, with our four ICs all gaining growth momentum [including Wyld who appear to have resolved their Supply Chain problems and are moving to full service execution]; it is time for TERN management to step-up and find an innovative solution to sort out these temporary challenges and return our Company to prime condition.

All recognition to the BOD and the Leadership team for accumulating significant holdings in exciting and successful entities, but now it is time to concentrate on TERN.

All IMO
Posted at 25/4/2024 07:10 by homtanks
Tern PLC Exercise of warrants held in Wyld NetworksSource: RNS Regulatory NewsRNS Number : 9384LTern PLC25 April 2024 25 April 2024 Tern Plc("Tern" or the "Company") Exercise of warrants held in Wyld Networks Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that it has exercised 245,699 TO4 warrants held by Tern in Wyld Networks AB ("Wyld Networks"). Tern will pay SEK 449,629 (approximately £33,400) to exercise these TO4 warrants to subscribe for 245,699 shares in Wyld Networks at SEK 1.83 per share, and this will be funded from Tern's existing cash balances. Tern has sold the remaining TO4 warrants that it held in Wyld Networks.Prior to the completion of the TO4 warrant exercise, Tern held 22.5%* of Wyld Networks' issued share capital. The subscription period for the in aggregate, 3,839,998 TO4 warrants commenced on 15 April 2024 and will end on 29 April 2024. Following Tern's exercise of TO4 warrants, Tern will hold a total of 4,106,666* shares in Wyld Networks. Assuming that all of the outstanding TO4 warrants are exercised, Tern's holding in Wyld Networks will reduce to 19.6%* and a further announcement regarding Tern's resultant percentage holding in Wyld Networks will be made when the TO4 warrant exercise process is completed.Further information on Wyld NetworksWyld Networks, quoted on the NASDAQ First North Growth Market in Stockholm, enables affordable connectivity across the globe in areas where wireless coverage is unavailable. The company specialises in providing wireless connectivity between IoT sensors and Low-Earth-Orbit satellites via its Wyld Connect solution. Wyld's IoT network management platform, Wyld Fusion, can be used in a diverse range of sectors and use cases including energy, utilities, agriculture, logistics, maritime and environmental monitoring.Based on Wyld Networks' latest unaudited interim report announced by Wyld Networks on 27 March 2024, as at 31 December 2023 it had net assets of SEK 6.684 million (approximately £0.49 million) and incurred a net loss for the 12 month period ended 31 December 2023 of SEK 47.517 million (approximately £3.5 million).Further information can be found at: https://wyldnetworks.com* Pursuant to Tern's funding facility announced on 12 June 2023, under which £307,692 is currently drawn down, Tern is required to maintain in escrow shares in Wyld at a value of not less than 1.5 times the value of outstanding amounts drawn down and accrued interest, as security for the Facility. Enquiries Tern PlcIan Ritchie (Chairman)via IFC Advisory Allenby Capital Limited(Nominated Adviser and Broker)Alex Brearley / Dan Dearden-Williams (Corporate Finance)Kelly Gardiner / Guy McDougall (Sales and Corporate Broking) Tel: 0203 328 5656 IFC Advisory(Financial PR and IR)Tim MetcalfeGraham HerringFlorence Chandler Tel: 0203 934 6630tern@investor-focus.co.uk This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END IOEIIMLTMTITBII
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 รข€“ 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 13/4/2024 08:59 by steveberyl
There can be NO doubt whatsoever that Placings are, DISCRIMINATION, talking particularly about Tern, Tern holders suffer Dilution but Board of Directors 10% of EXIT FEE REMAINS UNCHANGED.

That MUST be altered. As soon as possible the BOD need to be aware that DISCRIMINATION is UNLAWFUL! Holders must demand that TERN get the Necessary funds via Primary Bid or via Bank loans and that whenever Holders suffer ANY DILUTION, Board of Directors ALSO SUFFER, by losing an agreed % of their 10% Exit fee.

For Tern Holders to be the "ONLY LOSERS IN EVERY CASE IS AS PREVIOUSLY STATED, DISCRIMINATION" Such a ruling would also be, "RETROSPECTIVE" Meaning Tern BOD would lose much of their current 10% exit fee.

Why the FCA have never DEMANDED such EQUALITY is baffling, in ALL Markets, particularly AIM, where Placings are a regular feature with no apparent oversight by FCA, why no demand to prevent this blatant DISCRIMINATION is astonishing. Tern holders got change previously and must do it again.
Posted at 13/4/2024 06:53 by steveberyl
There can be doubt whatsoever that Placings are, DISCRIMINATION, talking particularly about Tern, Tern holders suffer Dilution but Board of Directors 10% of EXIT FEE REMAINS UNCHANGED.

That MUST be altered. As soon as possible the BOD need to be aware that DISCRIMINATION is UNLAWFUL! Holders must demand that TERN get the Necessary funds via Primary Bid or via Bank loans and that whenever Holders suffer ANY DILUTION, Board of Directors ALSO SUFFER, by losing an agreed % of their 10% Exit fee.

For Tern Holders to be the "ONLY LOSERS IN EVERY CASE IS AS PREVIOUSLY STATED, DISCRIMINATION" Such a ruling would also be, "RETROSPECTIVE" Meaning Tern BOD would lose much of their current 10% exit fee.

Why the FCA have never DEMANDED such EQUALITY in ALL Markets, particularly AIM is baffling, why no demand to prevent this blatant DISCRIMINATION is astonishing. Tern holders got change previously and must do it again.
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 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 07:02 by homtanks
REACH - non-regulatory announcement 9 April 2024 Tern Plc ("Tern" or the "Company") Talking Medicines reports record revenue bookings and strategic partnerships in Q1 2024 Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, is pleased to note that Talking Medicines Limited ("Talking Medicines"), a company in which Tern currently holds 23.8% of the equity, has announced an update on its Q1 2024 performance, extracts of which are set out below. Extracts from the Talking Medicines announcement: "Talking Medicines, a pioneering leader in healthcare intelligence leveraging advanced data science and artificial intelligence, is pleased to announce a strong start to 2024, marked by record revenue bookings and significant advancements in its innovative platform, Talking Medicines Drug-GPT. In the first quarter of 2024, Talking Medicines achieved significant success with its Talking Medicines Drug-GPT platform, which aims to revolutionise access to intelligence on pharmaceutical medicine brands and disease areas. This innovative technology has garnered substantial interest from leading global healthcare advertising agencies, who recognise its potential to transform strategies for pharmaceutical clients. Among Talking Medicines' clients are some of the world's most prominent healthcare advertising agency networks, reaffirming the platform's efficacy in providing key insights derived from aggregated patient and healthcare professional conversations. By tapping into previously unseen data, Talking Medicines empowers its clients to drive better strategies and make informed decisions in relation to the pharmaceutical landscape. Furthermore, Talking Medicines has forged strategic partnerships with both open and closed data communities, solidifying its commitment to expanding access to crucial insights. Notable among these partnerships is the collaboration with data aggregator Socialgist, which enables Talking Medicines to tap into millions of public conversational sites, enriching the Talking Medicines Drug-GPT platform with a wealth of diverse data sources. Speaking on these achievements, Jo Halliday CEO expressed excitement about the company's trajectory and the transformative impact of Talking Medicines Drug-GPT on the healthcare industry: "We are thrilled by the broad response to Talking Medicines Drug-GPT and our strategic partnerships. This success underscores our dedication to empowering healthcare stakeholders with actionable insights derived from advanced data science and artificial intelligence." Looking ahead, Talking Medicines remains committed to driving innovation and fostering collaborations that enhance healthcare decision-making through intelligence globally."

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