Tern Share Discussion Threads

[dave444] 22/6/2021 20:56

Yes I can!You will find out shortly!

[dave444] 22/6/2021 20:43

What a load of rubbish!This was filled on the the 10th of June - yes the first day!They run the book upto the end date as standard!It gives their clients chance to subscribe

[ellipses] 22/6/2021 20:34

Timing.




The subscription form shall be sent to Mangold Fondkommission AB no later than 23 June, 2021 15:00 CET.

If you assume Avanza/Nordnet ran to a similar deadline today then their books closed 14:00 UK time. The numbers may have already been in in time for the drop.

...

[flc] 22/6/2021 20:10

c£900k in the bank after costs...cash burn c£150k p/m so 6 months. Something needs to happen otherwise the AS begging bowl will be doing the rounds again but at what price.

[sarcoline] 22/6/2021 19:40

I'm very bullish here but you've to ask with ongoing running costs and just laying out £300k for Wyld IPO how much cash have TERN got left?

Basically we have a cash injection from an exit/partial exit in next few weeks/months or a placing.

Regardless the future looks fantastic.

[emigna2020] 22/6/2021 19:31

A bloke looking very like a Turnip ..............

[nick2412] 22/6/2021 19:22

I think Wyld will do well but short-term and medium-term it is just a supportive side show to the main event, Device Authority. DA is what is likely to make Tern multibag over the next 12 months.

The other investments are all exciting and the case can be made that excluding DA their increasing and combined value support the current market cap, but it will be news on DA that really shifts the share price northwards.

Holders don't get enough news on DA but that's probably due to NDA's and background developments hence the absence of the Company from the CMD presentations. The proposal for the U.S. listing of Tern makes me think AS has something lined up for DA that will ignite the Tern share price.

[dave444] 22/6/2021 19:18

The Swedish broker!

[upthegardenpath] 22/6/2021 19:04

Who told you that Dave - some bloke down the pub ?

[cmackay] 22/6/2021 18:57

Apologies, as Ellipses pointed out today was in fact the last day for subscription via Avanza and Nordnet.

[ellipses] 22/6/2021 18:51

#268910

So tomorrow is the last day to subscribe for the Wyld IPO. Would it not make more sense to expect an update on Thursday morning then?

It does seem a bit strange the way the twitter announcement was made.



Last day to subscribe in Wyld Networks AB’s new issue of units in connection with the intended listing on Nasdaq First North Growth Market

If you did not look further then it might give the impression that today was the last day and...



June 23, 2021 is the last day for subscription of units in connection with the intended listing of Wyld Networks AB (“Wyld Networks” or the “Company”) shares and warrants on Nasdaq First North Growth Market. Note that for subscription via Avanza and Nordnet, the last day to subscribe is today, Tuesday 22 June.

...for some it was.

Which, going full troll mode because that is what I will be accused of and probably quite rightly in this case, may have given others pre-warning as to how the subscription has performed.

Sweden is an hour ahead of us so if Avanza/Nordnet run similar hours to the UK markets then their book might have closed at 15:30 UK time. Could that closing actually have been 15:00 our time coinciding with the drop on AIM?

The results or something very indicative of them may well already be available and may have been available around those times today.

...

[moneymaker6] 22/6/2021 18:42

Subscription commitments of 80% were made at the time of IPO announcement so it's inconceivable to imagine that the remaining 20% was not eagerly snapped up .. Of course Investors that did not receive allocation can always invest into WYLD via Tern 60% retention and get 4 additional high growth Investments to boot ! win win

[robberywithviolets] 22/6/2021 18:39

It will still cost. It’s like when certain people take me out for a meal, on paper it looks a no cost night out. Some how it still costs me considerably more than pan frying the fish, steaming the asparagus etc at home😀.

[cmackay] 22/6/2021 18:33

So tomorrow is the last day to subscribe for the Wyld IPO. Would it not make more sense to expect an update on Thursday morning then?

[tburns] 22/6/2021 18:02

Extract from latest RNS, stating the costs of entry is "cost effective", although no actual amount listed. If there is any fund raise due to happen it will be much less about joining the US market and more about maintaining our % in our investees and ensuring they are well positioned for both growth and IPO/Sale.


"Obtaining a cross-trading facility on the OTCQB is expected to be a cost-effective process for Tern, with there being no need to file a prospectus or similar document. Furthermore, the Company can continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements in connection with the proposed cross-trading on the OTCQB."

[dave444] 22/6/2021 17:57

There are only just over 400,000 units available as the rest were presold

[dave444] 22/6/2021 17:56

The fundraising I am told is going well

[upthegardenpath] 22/6/2021 17:38

Like I said, can't understand why you would have a press release stating last day to buy tomorrow if it was well over subscribed. If they have had trouble raising that small amount it is bad news. Hopefully not.

[robberywithviolets] 22/6/2021 17:38

We will all know this time tomorrow how the market feels. It will be an interesting first hour tomorrow morning. Tin hat or bunting and cake….exciting times.

[emigna2020] 22/6/2021 17:35

Market makers do NOT hoard shares ffs!

[poppet123] 22/6/2021 17:32

Robbery. 2.6 million shares sold today, the sellers were not confident enough to hold them. You point in 268898 is a good one.

[sweepie2] 22/6/2021 17:30

2p drop on 700k worth of sells in my book is a rather OTT reaction and therefore I consider it a tree shake to gather in as many shares as possible.
Tomorrow will tell if I was right in any way