Share Name Share Symbol Market Type Share ISIN Share Description
Tern LSE:TERN London Ordinary Share GB00BFPMV798 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +2.78% 9.25p 9.00p 9.50p 9.25p 9.00p 9.00p 1,429,849 16:18:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.1 5.3 6.4 1.4 11.11

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DateSubject
29/4/2017
09:20
Tern Daily Update: Tern is listed in the Personal Goods sector of the London Stock Exchange with ticker TERN. The last closing price for Tern was 9p.
Tern has a 4 week average price of 7.50p and a 12 week average price of 7.50p.
The 1 year high share price is 16.75p while the 1 year low share price is currently 6p.
There are currently 120,151,443 shares in issue and the average daily traded volume is 596,721 shares. The market capitalisation of Tern is £11,114,008.48.
22/4/2017
17:57
highly geared: Harrissen, fair response to my post last night albeit with a couple of inconsistencies. You clearly have no time for the ramping posts and any IoT post being related to DA which I get. You also mention you're here to research but at the same time denigrate most posts. You also confirm,through numerous posts, that you think DA is going nowhere and will trash the Tern share price through another cash call? Possibly, nothing can be discounted. So, you're basically here to trade it and want to negatively influence the share price to get in cheap. So, the same motives as the ramping crew? Fair enough. Watch the charts, they tell you everything ( if the price breaks and stays above 10.5p in the next week or do, the 18 month down trend is broken and will be a strong buy signal). Charts are footprints of money that mirror collective human psychology( sentiment). We BB inhabitants do influence sentiment in small caps such as this. On the buy side , holders will promote the share, those like you who want it down do the opposite.Everyone has an agenda! Let's see how this plays out but let's, all of us, keep it civil.
21/4/2017
12:34
ebomber: For those chartists amongst us................ It is very encouraging in the last 10 trading days the TERN share price has increased or remained neutral for 8 days. Zak Mir article / commentary below provides the context up to 16 pence plus in the next few weeks. Tern: Break above 200 day line targets 16p By Zak Mir 20 April 2017 It would appear that after an extended wait, Tern (LON:TERN) is finally looking capable of delivering an extended share price rally . I have to say that I became a fan of Tern well before the Internet of Things became the buzzword that it is now. In fact it is more than a buzzword; it has become something of a hot concept. But of course in the market you can be punished just as severely for being too early as being too late. Over the past couple of years we have seen shares of Tern oscillate between the 6p and 30p zone. The current position here is that we are seeing yet another attempt at sustaining price action above the 200 day moving average at 8.92p, something which, given the higher March/ April support versus January 2017, should finally be enough to deliver for the bulls over the next 1 to 2 months. Indeed, while there is no break back below the 200 day line one would be looking for a retest of former one year resistance at 16p plus, also the top of a rising June trend channel from last year. At this stage only a weekly close back below the initial April bear trap lows under 8p would even begin to question a sustained recovery argument.
19/4/2017
22:29
ebomber: The AWS listing is a very welcome visual addition to the progress of DA and Keyscaler with just one trusted partner. Trust this will provide the tipping point and translate into TERN share price progress. Welcome visibility of the AWS retail prices for the Keyscaler product. It appears a 50%/50% revenue split between AWS and DA based on DA trade pricing in December 2016. Real progress today.............. Either way this represents a potential significant revenue stream.
19/4/2017
22:24
loughton: Oh, selling on Amazon Marketplace? Amazing. No, quite pathetic. Not too swift are you two? But you are so funny: eBomber19 Apr '17 - 22:29 - 63838 of 63838 0 0 The AWS listing is a very welcome visual addition to the progress of DA and Keyscaler with just one trusted partner. Trust this will provide the tipping point and translate into TERN share price progress. Welcome visibility of the AWS retail prices for the Keyscaler product. It appears a 50%/50% revenue split between AWS and DA based on DA trade pricing in December 2016. Real progress today.............. Either way this represents a potential significant revenue stream. tech_ip 19 Apr '17 - 22:21 - 63835 of 63836 0 0 MrBurns who knows with tern plc it does not lead to immediate cash flow so perhaps they will not release a rns alert. It is certainly a super duper development and so the storm continues to build ready to blow some day. To have visibility on aws is outstanding and opens the door to a mass number of global clients. Looking at the other nineteen they need security asap so get them da.
11/4/2017
16:49
ebomber: It is encouraging they recognise with all the other boxes ticked that profile in the investor marketplace needs to be enhanced. UK Investor Show 2017, stockbroker and investment fund briefing events and now Forrester...............it all makes absolute sense. Just wish the TERN share price would further reflect the excellent progress just below the water line.
18/3/2017
10:14
haydock: rhwillcoll1 Well done sir. This has to qualify as the post of the week. I endorse what I consider to be the correct viewpoint on this investment. 17 Mar '17 - 20:31 - 61744 of 61763    9   2 I wish to say that as an LTH in this company, I am not in the least bit concerned about my investment, nor perceived shortage of Tern RNS updates, nor the Tern share price. There are many reasons for this, but three immediately spring to mind: 1) The constant updates on the Device Authority website, and with our terrific global partnerships. Besides the "land grab" element (hugely significant), we know that we have current and growing revenue streams from Thingworx and Digicert, and I believe GlobalSign and Symantec, at the very least; 2) Al Sisto being in charge of both DA and of Tern, and his sole pay-back being from his Tern investment only, which is exactly the same as all the investors on here; 3) The extremely high calibre of the advisors to DA, including George I and II, which points to something extremely important and valuable being developed. I appreciate very much joebloggs' feedback from the AGM - thank you; and I was also impressed by the AGM presentation, now on the Tern website. In my opinion, anyone invested here "for the duration" is going to see the most massive return on their investment which they have ever experienced, or perhaps even heard about. ................................................................................ This paragraph says it all going forward.The fact that the media rarely reflect this story as yet is part of the problem.The FT, security article of the other Weekend was the clue to the position of DA. ............................................................................... I've never seen anything remotely like the "hyper growth" of the IoT, or Device Authority's place in it, with evidence that we are right in the epicentre of securing this, in combination with our global partners.
17/3/2017
21:18
mike routhorn: Rhwillcoll, my sentiments entirely. And your point 2 is pivotal. Al Sisto, for all his work from the moment he put in a bid for Cryptosoft all the way through to today and beyond ONLY gets a payoff for his efforts at DA via his Tern shares - the same as us. If he wanted the Tern share price much higher because he liked to admire his paper profit each evening then I'm sure he could engineer it but from what was reported from the Agm he actually stated he would not do so. He clearly believes today's price to be irrelevant which should be no surprise to anyone since this was always about the target, not the journey. People feel horribly uncomfortable about this and so we see selling and people virtually begging on a bulletin board for an RNS, any RNS of any description to turn the share blue. I have said countless times that this extremely non-standard Aim stock would not play out according to a standard Aim playbook and wouldn't be for those who couldn't handle the difference. And I also completely concur with Rhwillcoll's assessment that this is a once in a lifetime opportunity for those who can see their investment through Al Sisto's eyes rather than those of a typical Aim investor.
17/3/2017
20:31
rhwillcoll1: I wish to say that as an LTH in this company, I am not in the least bit concerned about my investment, nor perceived shortage of Tern RNS updates, nor the Tern share price. There are many reasons for this, but three immediately spring to mind: 1) The constant updates on the Device Authority website, and with our terrific global partnerships. Besides the "land grab" element (hugely significant), we know that we have current and growing revenue streams from Thingworx and Digicert, and I believe GlobalSign and Symantec, at the very least; 2) Al Sisto being in charge of both DA and of Tern, and his sole pay-back being from his Tern investment only, which is exactly the same as all the investors on here; 3) The extremely high calibre of the advisors to DA, including George I and II, which points to something extremely important and valuable being developed. I appreciate very much joebloggs' feedback from the AGM - thank you; and I was also impressed by the AGM presentation, now on the Tern website. In my opinion, anyone invested here "for the duration" is going to see the most massive return on their investment which they have ever experienced, or perhaps even heard about. I've never seen anything remotely like the "hyper growth" of the IoT, or Device Authority's place in it, with evidence that we are right in the epicentre of securing this, in combination with our global partners.
22/2/2017
03:04
harrissen: Tern – FY16 results: how hard are the numbers? By Nigel Somerville | Sunday 19 February 2017 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. AIM-listed investment company Tern plc (TERN) released its results for calendar 2016 on Friday. On the face of it the numbers, delivered with commendable speed, were excellent and with the shares up by 14.5% on the day the market seemed to like what it saw. But I wonder just how hard the numbers really are. To the numbers first: the company reported a profit of a whopping £5.3 million which brought net assets up to £11.3 million. With the shares having jumped 14.5% the market capitalisation moved up to £12.9 million – a premium to NAV of 14%. That may seem a little on the toppy side, but with the company having reported profits which more-or-less have seen the value of the company double, perhaps punters think they have discovered the new Berkshire Hathaway. That £5.3 million profit certainly is an impressive number. Very, very impressive indeed. Actually, it is so very impressive that I wonder if it is just too good to be true. Tern somehow still classifies itself as an investment company. It has four investments: Device Authority (valued at £10.5 million – representing 93% of NAV) and three others valued together at just £0.13 million so Device Authority rather dominates. In terms of cash invested the story is rather similar: Tern has sunk £4.3 million into Device Authority and just £0.21 million into the other three. Not only does Device Authority rather dominate the balance sheet of Tern, Tern has majority ownership of Device Authority and its CEO (and, currently, Chairman) is Chairman of the investee’s board. No matter, Tern is an investment company and not an operating or trading company. That uplift in the valuation of Device Authority (the former Cryptosoft, post-merger with then US-outfit Device Authority) is where Tern’s reported profit has come from. The merger saw investors in the then Cryptosoft reach a deal with the investors in the US bride with each side agreeing a valuation of the other and ending up with a holding in the newly merged whole. As part of the package, more funding was pumped into the merged entity by the principal players (Alsop Louie on the US side and Tern over here). Now call me a cynic, but that agreed valuation for the merger simply meant a nice-looking book gain for the investors previously holding the two separate entities. To me the price agreed on each side seems rather verging on the self-ascribed and self-serving side. As Cynical Bear put it at the time: I wonder if the negotiation between Tern and Alsop Louie Partners went something like this: ALP: “Hey guys, I think this partnership between Device Authority and Cryptosoft has been great but Device Authority now needs more funding and we were wondering if you guys fancy taking it on from here as I’m sure you can tap up some extra funds from AIM?” Tern: “That sounds like a great idea, we’ll be twice as big and be able to make twice as much money out of the Internet of Things. Why don’t we do an all-share merger, both put in £750,000 to fund the combined business for the next year and then let the magic happen?” ALP: “Sounds great….although we don’t have much money and can only put in $500,000” T: “Oh, ok, well we’ll put in a million then, we can always raise more from the mug punters on AIM if needs be. How do we agree on value?” ALP: “Well look, both companies make sod all revenue and lose a fortune so I reckon we’re pretty equal, wouldn’t you say, so let’s just agree a high number that we can both ramp to our respective investors. We hear that sort of thing goes on all the time on AIM, right?” T: “Sure, it’ll be fine. We’ve done some maths and reckon that if we go for £6 million, then that will really help to justify our current share price and may even give it a boost, which is pretty important as we will need to do another placing soon. Presume that that will be an uplift on your original investment too, so does that work?” ALP: “Great, but let’s go for £6.1 million as that sounds a bit more precise as if there’s a detailed calculation behind it.” T: “Great, done – anything else?” ALP: “Sure, what is the Internet of Things?” In all seriousness, this is ridiculous. You have two investors who are both incentivised for different reasons to come up with a high valuation agreeing a value between themselves that is now being used as a justification for the Tern share price. ....and that high valuation results in a bottom-line gain for Tern of £5 million or so. Meanwhile, what revenues has the newly merged entity generated? What is the cash-burn? When will it need yet more funding? Now it could be that Device Authority makes it into the big league, or gets a blow-out offer from a big league player. But whilst there is nothing illegal about the numbers being offered, right now that valuation and reported profit for FY16 by Tern just looks to me like hot air. - See more at: http://www.shareprophets.com/views/27268/tern-fy16-results-how-hard-are-the-numbers#sthash.V51jC3Ah.dpuf
09/2/2017
19:44
aimshare: Geko Agree, that a non-communicative plc generally has either a neutral or negative effect on the share price over time. However, having read the previous references from others about AF statements overpromising and underdelivering (not sure if in RNS's, podcasts or other as I wasn't invested then), there's an argument for the opposite too. Neither scenario has benefitted shareholders to date unless they traded in and out prior to and post the spikes. Selfishly, it's been a benefit because I've been able to buy more stock for less outlay, so I have nothing to feel disgruntled about. Device Authority is showing all the hallmarks of success and if it does succeed to the extent I anticipate (rightly or wrongly), then it will pull the TERN share price with it, despite the TERN managements radio silence, for whichever reason they've adopted, whether complacency toward shareholders (although, there's a contradictory element there as a theory because they are also shareholders as well as us and stand to lose out too) or whether there's a wish to let the deals do the talking in the market place prior to a Device Authority sale. Fortunately (for me at least) there are a number of contributors on this thread that research the sector and find out about the commercial progress of DA, which supports my reasoning for me to remain invested. I related earlier in a different post about giving little credence to net asset values put on any stock, in response to your concern about valuations put on by the company and brokers. Asos had a net asset value of 101p in August 2016, yet their share price was roughly 47 times that at around £47 and has continued to rise since. Sentiment and future valuation opportunity will drive a share price, far more than brokers assumed valuations. Let's equally not ignore the fact that no stock is without risk, whether AIM or FTSE but given the sector, the forecast growth, the first mover progress of DA etc, it's a risk I'm willing to take and no, this is not investment advice for anyone else to do the same, it's purely my taste for risk versus potential reward.
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