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TERN Tern Plc

0.75 (16.67%)
22 Sep 2023 - Closed
Delayed by 15 minutes

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Share Name Share Symbol Market Stock Type
Tern Plc TERN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.75 16.67% 5.25 16:26:46
Open Price Low Price High Price Close Price Previous Close
4.50 4.50 5.25 5.25 4.50
more quote information »
Industry Sector

Tern TERN Dividends History

No dividends issued between 24 Sep 2013 and 24 Sep 2023

Top Dividend Posts

Top Posts
Posted at 19/9/2023 07:46 by steveberyl
Silence from Tern is indicative of SALE TALK.

Without any shadow of a doubt, Tern BOD are in talks with a suitor over the purchase of one or maybe even two of Tern investee`s.

Market is waiting for Sept 26 but that may be too late. Tern BOD already know what the outcome of that Meeting will be. TERN is a HUGE, HUGE BUY.

CORPORATE ACTION UNFOLDING HERE, after several approaches.
Posted at 17/9/2023 01:13 by stentorian

"I have highlighted a number of red flags about Tern. Its up to you if you wish to heed or ignore them. The share price is not at 4p after 20 years of business for no reason."

You made a false representation that the Tern share price was at 4p after 20 years of business.

There was a CVA in 2013 where Silvermere Energy PLC, an oil and gas exploration co, was reorganised to Tern plc. Tern plc directors (Angus Forrest and Bruce Leith) were appointed and shares re-organised. The Tern business is at 4p after c.10 years not 20.
Posted at 17/9/2023 00:49 by pwhite73
stentorian - "Tern PLC was only founded in August 2013."

The company changed its name to Tern Plc in 2013. The company was incorporated in 2004 and has been around as a Plc concern since 2006. An investee company is its latest mugging.

Please see below for all admissions and circulars:

31.08.23 tern Circular
29.06.22 tern Circular
17.05.21 tern Circular
15.10.13 tern Circular
31.07.13 R2710 SLME Circular
16.11.12 Silvermere Notice of General Meeting
02.08.11 Silvermere Admission Document
01.03.10 Core Circular March 2010
01.03.06 The Core Business plc Admission Document
Posted at 15/9/2023 14:59 by pwhite73
milesy - "PWhite - what's to stop Tern issuing a special divi to shareholders on the sale of a investee?"

Which shareholders are these?. When trading at this end of the market you need to remove your PI hat and replace it with a director's hat. There are no institutional shareholders for the company to fear. I think 95% of the shares are held in nominee accounts. So technically speaking there are no shareholders only nominee brokers. A company like Tern can have up to 10,000 shareholders in nominee accounts. This is changing all the time as PI shareholders trade in and out sometimes on a daily basis.

Ethically speaking its against these AIM company's principles to return money to a faceless army of PI shareholders. Seriously why would Tern directors want to return any money to here today gone tomorrow shareholders. In June shareholders voted to remove the CEO. He is still in his executive role. I know there are some cases where special dividends have been returned to shareholders but they are far and few between and one would need to look specifically into the circumstances.

In short Tern is not going to return any money to PI shareholders when it can use any investee sale to recapitalise the company and invest in other disruptive technologies.
Posted at 04/9/2023 20:24 by tullynessle
The main problem with Tern is transparency in Tern's valuation of its holdings in Investee Companies.

Shareholders are aware that well-run and funded private companies have the potential to be valued at both Net Asset Value and Enterprise Value, and the difference between each can be huge.

We are all aware of the one-off events that can energise value from NAV to EV primarily a Third-Party offer to acquire the IC or significant stake.

Unfortunately, it appears that there is little value recognition for incremental success earned by the IC.

Insofar as applicable to Tern and with reference to Device Authority, it is hard to acknowledge that Device Authority in 2023 is worth less than Device Authority in 2017 taking cognizance of their Clients, Contracts & Partnering Agreements won with Global entities, Innovation & Technology developments, Recognition by Industry Journals & Sector Specialists, participation with Government, etc.

All that, and stakes in another four enterprises.

Perhaps part of the failure in identifying current Incremental Value lies with Tern, through an apparent lack of enthusiasm for Highlighting and Marketing those Success Elements for DA that have the capability of moving the Share Price from "Pathetic Value" to "Incremental Value" and onward in its journey to "Enterprise Value"

Indeed it sometimes appears that Net Asset Values are settled by reference to the previous year and movements in business confidence rather that a ground up assessment of all the Attributes and Success Elements of our Investment Companies.

We are all aware of the usual caveats of NDAs and Confidential Data, however I contend that failure to identify Incremental Value in Investee Companies is as detrimental to them as their apparent need for market secrecy, noting the ease by which any Interested Party can obtain pertinent information through market research and like-minded sector operations.

Hopefully the Tern BOD/CEO will concur.
Posted at 04/9/2023 16:09 by bingoprize
Sandbag “hy on Earth would you still be invested here?"

I've already explained why I (and a few others it appears) am still here:

"it's the belief that DA and perhaps Wylde could provide a decent payday that keeps me here.

You just don't get it do you? Bit like Sisto really!”
I get it you do not. If you believe Tern are a bunch of dishonest clueless fraudsters why would you think their plan is to let you have any reward? If as most think here they have not a thought for shareholders they ain’t gonna share the spoils. So regardless of what you think our assets might be worth why would you trust your money in the hands of Tern bod? Also have in mind it’s Tern you are invested in . Many think Tern is a wall in front of DA, Wyld etc it isn’t it’s the doorway. Without an operational Tern we have nothing, zero nowt. So bottom line you are invested in a company you don’t trust or respect. It makes no sense as to why you and many others are here.
Posted at 01/9/2023 14:34 by tullynessle
Additional to Posts 338765 and 338766

The initial RNS advising the Proposed US Capital Partners fundraising for Device Authority.[Aug 11, 2017]

11 August 2017

Tern Plc (AIM: TERN)

Potential new investment

Proposed fundraising for Device Authority in the United States

Tern Plc (AIM:TERN), the investment company specialising in Internet of Things, is pleased to announce that it has signed a term sheet to invest in InVMA Limited ("InVMA").

InVMA is an established and growing player in the market for IoT enablement. InVMA designs, builds and supports secure, innovative solutions that seamlessly connect devices, applications, systems and smart products to create an Internet of Things that delivers real business value and competitive advantage. It is also a key strategic partner for Device Authority Limited and it is expected that InVMA's
entry into the Tern portfolio will be beneficial to that relationship.

The anticipated completion date of the InVMA investment is in August 2017 and management regards the negotiations to be at an advanced stage and that progress towards completion is satisfactory and on-track. However, there can be no certainty that the InVMA investment will complete, nor as to its final terms. A further announcement regarding the InVMA investment will be made in due course.

Proposed fundraising for Device Authority Ltd

Tern is also pleased to announce that its investee company, Device Authority Limited, has signed a term sheet with US Capital Partners(www.uscapitalpartners.net) to raise new equity through a private placement offering. The minimum subscription from the private placement will be $2.5 million at first close which is expected to be in September 2017.
The fundraising attributes a pre-money valuation to Device Authority of $36m, or $0.75 per share, up from $23m or $0.47 at the last equity issue. It is anticipated that an engagement letter will be signed by the end of August 2017 and the fund raising will close 120 days later.

Al Sisto, CEO of Tern plc, said:

"Tern's goal is to be a leading U.K. IoT investment company with a portfolio of world class companies whose products help secure, enable and analyse applications and devices, to securely connect, inform, and provide continuous value to the enterprises and governments who use them."

"This potential new investment will enable us to strengthen our portfolio with an exciting opportunity that we firmly believe has the potential to deliver significant returns for our shareholders".

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014


Tern Plc via Redleaf

Al Sisto/Sarah Payne
Posted at 01/9/2023 14:25 by tullynessle
Additional to Post 338765

Tern PLC: Statement re: Device Authority Forecasts from September 2017
03/08/2018 7:01am
UK Regulatory

Statement re: Device Authority Forecasts from September 2017

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), seeks to clarify the RNS dated 29 September 2017, which included, inter alia, financial information for Device Authority Limited ("DA"), one of Tern's investee companies and in which Tern has a 56.8 per cent. holding.

The RNS of 29 September 2017 reproduced actual and forecast financial information regarding DA which DA's brokers, US Capital Partners, had made available on its website in order to promote a fundraising for DA. The forecasts were made public by Tern in order to ensure no disparity of information in the market. Both the RNS and the information on US Capital Partners website highlighted that the forecasts were conditional upon a full and successful $10m raise. The forecasts were prepared by the management of DA and the historic numbers were unaudited.

Tern announced on 1 February 2018 that the DA fundraise had not yet completed and was ongoing, signalling that further announcements would be made in respect of the fundraise. Tern announced its final results for the year ended 31 December 2017 on 27 March 2018, in which it was confirmed that DA did not achieve the announced revenue targets for 2017, and the DA fundraising had not yet been completed.

For the avoidance of any doubt, as the forecasts presented in the RNS of 29
September 2017 were conditional upon a successful and full completion of the proposed fundraise, Tern confirms that the DA forecasts of September 2017 are no longer relevant, and that DA does not have any forecast numbers in the public domain at the current time. The shareholders of DA remain supportive and have provided the company with $2,160,134 of additional funding by way of convertible loan notes since 30 November 2017, and further outside investment continues to be sought. Tern is pleased with the progress DA is making as outlined, for example, in the portfolio update announced on 16 May 2018 and subsequent announcements regarding the development of the strategic partnership with Thales.

An update on DA's performance will be provided in the Company's half yearly report for the six months ended 30 June 2018 which will be announced in the first half of September 2018.


Tern Plc Via Redleaf Communications

Al Sisto/Sarah Payne
Posted at 01/9/2023 14:13 by tullynessle
Interesting to reflect on the RNS dated 29 Sept 2017 - all the ACTUAL figures (Jan 2015 - June 2017) and PROJECTED figures (July 2017 - Dec 2021)for Device Authority are available in the RNS - link provided

It should be noted that Device Authority did not meet the Projected figures within the timelines agreed for the US Capital Partners placement - more details in the next post)


29 September 2017

Tern Plc (AIM: TERN)

Update on Device Authority Limited Fundraise

Further to the announcement of 11 August 2017, Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that its investee company, Device Authority Limited ("Device Authority"), commenced its fundraising activity with US Capital Partners (www.uscapitalpartners.net) on 28 September 2017 to raise new equity through a private placement offering.

The investment opportunity is initially available to registered accredited investors and will be open for up to 120 days.

Upon a successful and full completion of the proposed fund raise, Device
Authority is forecast to achieve the following:

2015 2016 2017 2017 2018 2019 2020 2021
6mths 6mths
Actual> Projected>
Recognised Revenue
Cost of Sales
Net profit /loss

Tern Plc Al Sisto/Sarah Payne
Posted at 31/8/2023 13:41 by stentorian
DA board members. Now what.

Tern as majority shareholder has the right to appoint two Tern directors to the board of DA one of which is the Chairman. Chairman is an important position as in the result of a tied vote on a board resolution Chairman has the deciding vote.

Who are Tern going to apppoint as Chairman at DA? Surely it has to be IR?
Bruce Leith is not a Tern board director - he's a senior manager. BL has to resign from DA Alan Howarth to be appointed.

Another bug bear Stewart Alsop is a director at DA - his Bio clearly establishes he works for Alsop Louie, a DA investor.

Sisto's and Leith's Bios go on about what amazing investors they individually are - it looks like they have funded DA personally - it is nonsense Tern plc shareholders have been the primary funder and yet there is nothing about Tern plc and how Tern owns 54% of DA. We need any Tern advisor/director Bios to explain about Tern plc.
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