Tern Share Discussion Threads

[kcowe] 25/9/2019 07:50

all the rampers are late out of bed this am ..... lol what a bunch of loosers

[1happydays] 25/9/2019 07:49

Just to highlight again before trolls try and push this post down


We have set a target for our portfolio activities to achieve an average of 20% year-on-year growth in portfolio value by year end 2019 and beyond. We have achieved a modest 6% growth during this reporting period within the portfolio and the Directors will be seeking to achieve the target growth over the remainder of the financial year.

[dave444] 25/9/2019 07:49

What is the current true value of FVR?
We have 2.2m for 34.7% stake as a historical figure

[jonc] 25/9/2019 07:46

Thank you.

[jonc] 25/9/2019 07:46

They missed by a country mile.

[jonc] 25/9/2019 07:45

Yeah and they set their target as 12 investee companies for 2019.What happened?

[jprich] 25/9/2019 07:44

50% growth from where? £100 or £100k not enough info.

They seem to be struggling getting outside corporate finance for the businesses. Bring in experts.

Everything left to last few months let’s see.

[1happydays] 25/9/2019 07:43

We have set a target for our portfolio activities to achieve an average of 20% year-on-year growth in portfolio value by year end 2019 and beyond. We have achieved a modest 6% growth during this reporting period within the portfolio and the Directors will be seeking to achieve the target growth over the remainder of the financial year.

[jonc] 25/9/2019 07:37

How do you think VCs would view that?I'll give you a clue.They won't tolerate it.

[bdog51] 25/9/2019 07:34

Impressed by the increase in revenue, showing solid growth across the portfolio, which is a very positive indicator.

[1happydays] 25/9/2019 07:33

FundamentalVR with a bridge loan advance to a next round of investment of £325,000. This bridge loan was at favourable terms, with Tern receiving a 20% discount upon equity conversion of the bridge at the next round of investment capital into FundamentalVR.

[qui quaerit reperit] 25/9/2019 07:33

Tia if you still here and lost your money just give me a call, I am always happy to pay you for a bj...:)))

[jonc] 25/9/2019 07:32

What are you blathering about.No sign of moon or Mars missions in those accounts.More like a day trip to Clacton on a wet Tuesday in February.

[marky60] 25/9/2019 07:31

That's a substantial increase in revenue. Mainly DA I would guess.

[duxy786] 25/9/2019 07:29

"Tern is focused on delivering NAV growth per share by providing its shareholders with investments into an exciting array of early-stage IoT companies," ..........."During the six months to 30 June 2019, the fair value per share of our portfolio remained broadly stable at 6.2p (FY18: 6.3p; HY18: 5.1p)"..........." focus for the remainder of 2019 and beyond to fuel the growth of our NAV per share."............" The Company raised GBP1.5 million during the period, "...........As at 30 June 2019, Tern had GBP1.4 million cash on the balance sheet."............" Our operating costs during the period increased compared to the six months to 30 June 2018 by GBP0.1 million to GBP0.7 million (HY18 costs: GBP0.6 million; FY18 costs: GBP1.3 million). The majority of this increase was due to an increase in Directors' fees and professional fees,"Get ready for the next placing folks....based on the above interims...it's coming, no doubt about that.

[johnma] 25/9/2019 07:29

Results in line with expectations - increase in Turnover by 50% NAV up on same period for last year.

[dave444] 25/9/2019 07:27

Clearly still waiting on Individual company updates

[marky60] 25/9/2019 07:24

Would love to know how much of the increase is DA!

[qui quaerit reperit] 25/9/2019 07:24

Year on year increase of 100k lol I got bigger portfolio compared to these clowns!!!Stop ramping this dog!!!

[kkrr11ss2] 25/9/2019 07:23

Year-on-year increase in turnover of principal portfolio companies1 from calendar year 2018 to 2019 is expected to be of the order of 50%.

[qui quaerit reperit] 25/9/2019 07:22

What a waist of money. The bod again confirmed NAV below 7p!!!This dog is going down big time, you've been warned!!!

[jonc] 25/9/2019 07:21

Note that NAV has reduced despite the "hard work and endeavours" of the BoD.Perhaps the BoD should have stayed in bed.