Tern Share Discussion Threads

[jprich] 09/5/2019 13:34

So basically that is pr ahead of fund raising with the accountants BDO or Binder Dijker Otte is an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO.

[tburns] 09/5/2019 13:31

I read that too Mudbath, especially the 2nd paragraph which takes about how key the relationship with your VC (TERN) is for the 2nd and 3rd round of fundraising. All bodes well imho.


"I wouldn't say we necessarily navigated that perfectly ourselves, but the further into that journey you go, the more that you start to understand something that lots of VCs will say to you: that as a founder looking for backing, you've really got to interrogate the venture capitalists who are potentially going to give you money. Make sure that they've got more than enough money for you, and that the money that they're offering you is smart money. You need to be sure that they'll follow through and follow on with you as well, otherwise you can find yourself caught in a difficult position when you're at the second or third round of fundraising."

[kkrr11ss2] 09/5/2019 13:27

Wasn't last yrs valuation £5.5 million?
Then its grow quadrupled

[jprich] 09/5/2019 13:27

At the basic level or book cost our 34.7% is worth £1.9m according to the accounts so its value in the books was £5.5m. However market value will be something very different.



Equity ownership: 34.7% Cost: £1.9 million Valuation: £1.9 million

[floydymagic] 09/5/2019 13:14

Now all we need is Darron to tell us DA tripling ever year, as a conservative estimate, which will be the launch pad for our journey to a pound and over!

A very very special share we have here which quite incredibly you can still buy for 12p!!

[kkrr11ss2] 09/5/2019 13:10

Exactly floyd
Delayed due to
interested parties scrambling for a bigger piece of the pie

[floydymagic] 09/5/2019 13:05

Sisto was spot on....Mars it is!!

FVR is a unicorn in the making!

No wonder the FVR negotiations appear to be taking a little longer ;)

[mudbath] 09/5/2019 13:03

A very interesting link Kk2.

I liked FVR's resume on fundraising:-

"On the fundraising side, someone told me a couple of years ago that as a CEO of a SaaS-based business you spend about 65% of your time in fundraising mode. The first thing is to be ready to spend a lot of time talking to people about finance. Secondly, it’s advisable to build a plan that runs over the next five years’ financials. You need to think about the structure of the board that you’ll need, and the financing that you’ll need, before you can start to pitch your VCs. You also have to expect it to take a lot longer than you might like."

It really does look as though we might see either a revaluation or maybe even a sale within the shorter term.

[mike routhorn] 09/5/2019 13:01

If FVR are publicly saying they expect to double business every year for the next 3-4 years then privately they probably expect it to be much higher.

That's rather nice isn't it?

[still waiting] 09/5/2019 13:01

more clues...

[john henry] 09/5/2019 13:00

cielos i used the low from the which the uptrend started. 7.62p

An alternative was the recent low of 6.86p

Your 7.25p low is neither here nor there and wouldnt be considered as a FIB starting point.

back to school for you.

Notice i use the word AREA

[floydymagic] 09/5/2019 12:55

Please please even another 10% of FVR would be dynamite for us!

[kkrr11ss2] 09/5/2019 12:54

FVR

“We're one of only a couple of players in the market who've made that decision. I think that will serve us well in the long-term,”

Has this growth has been propelled by the connections that you've made with technology leaders, such as Microsoft?

Whats the medical VR training market worth ££?

[jprich] 09/5/2019 12:52

from kkrr11ss2 post re fvr

In the last two years, we've been in a heavy build and investment period. We’ve quadrupled the business over that period, and we would expect to see it doubling every year over the next three or four years.

[kkrr11ss2] 09/5/2019 12:43

FVR grew 400% last yr

FVR founder sets out its future plans



Strap in!!!

[sammiak] 09/5/2019 12:42

That's what we were looking for, well done jprich

[warrenfingerfood] 09/5/2019 12:42

"Johnma9 May '19 - 12:01 - 150281 of 150284
0 5 0
I know lots of Senior Wipro execs in Mumbai - Jayraj Nair is a very sharp executive who heads up their IOT business.

If they see the partnership developing well, they could easily buy DA.
"

Or Tern Plc I suspect.

[jprich] 09/5/2019 12:34

TERNF US EQUITY listing was created on 12 April 2019, so quite recent.

[cielos] 09/5/2019 12:04

I think the wrong information was given as 11-11.50 as support and 50% Fibo @ 11.25p
most likely to support their buy at the time

Fibonacci Retracement Levels

A: 14.75 intraday high
B: 7.25p intraday low

23.6% 12.98p

38.2% 11.885p

50.0% 11p

[johnma] 09/5/2019 12:01

I know lots of Senior Wipro execs in Mumbai - Jayraj Nair is a very sharp executive who heads up their IOT business.If they see the partnership developing well, they could easily buy DA.

[duxy786] 09/5/2019 11:45

You can kkrriiss2, how you have led/deceived people here, you deserve to lose it all on a bet.

[kkrr11ss2] 09/5/2019 11:42

You can bet your last dollar wipro ventures are looking at DA
It would be remiss of them not to
IMO