Tern Share Discussion Threads

[duxy786] 25/9/2019 07:57

You can't put lipstick on a Pig.

[warrenfingerfood] 25/9/2019 07:57

Seriously what company wouldn’t be happy with a 50% turnover increase.

[ebomber] 25/9/2019 07:57

Plenty of cash in the bank.

[kcowe] 25/9/2019 07:57

50% growth what is that an extra £50 a year lol

[jonc] 25/9/2019 07:57

No it wouldn't.

[ebomber] 25/9/2019 07:56

wff

The numbers and projected revenue growth curve would indicate exponential growth.

Bodes well

[hawkind] 25/9/2019 07:55

For Directors to increase pay inline, hopefully that is a positive sign they believe they have earned it and the money is coming very soon with value created. 50% increase is not bad on new emerging technologies.

[sweepie2] 25/9/2019 07:55

No nasty surprises there, best bit was the 50% growth in turnover, don't expect the share price will do much, could well drop early doors but pretty good foundations to move the business on. Looks like they are expecting to add at least one new investment by the end of the year

[warrenfingerfood] 25/9/2019 07:54

I wouldn’t mind seeing month by month splits on the turnover so we could see how it’s growing.

[jonc] 25/9/2019 07:54

Do you remember those ramptastic forecasts that the Company published when they tried to con the yanks.I'll remind you.They had to publicly recall them.

[ebomber] 25/9/2019 07:51

Excellent 50% growth in turnover.



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

[duxy786] 25/9/2019 07:51

STATE of TERN POST INTERIM RESULTS 2019======================================Disclaimer: this is not a shorter attack or investment advice. Do as you please and DYOR before investing. Text in speech marks is directly from the results."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."......So the BOD have told holders YET AGAIN, their focus i.e. NAV per share. This is currently 6.2p and as discussed and mentioned many times by me here, was 7.1p prior to placings. Based on the above, NAV per share has decreased and would decreased further, if the directors decided to raise capital. The questions is, will they need to? Looking at past history, I have no doubt, they will..........." 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,"When they raised 1.5m they has around 1.1m in the bank. The raise was to ensure they were not in a difficult position as I mentioned before. Attempting to raise with empty pockets would be highly dangerous as if the raise failed (think Thomas Cook), then it's game over. So, going back to the cash in hand and fund raise....They are now sitting on 1.4m and there should be no doubt that, as that figure approaches 1.1m, a placing will need to be conducted to ensure TERN PLC remains a going concern.

[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.