Tern Share Discussion Threads

[ridicule] 27/9/2019 14:17

A further point in this lengthy report, which will almost certainly be on the VC circuit, was the £1.4m cash holding was seen as a positive and no reference was made to the probability of near term fund raise. That doesn’t mean there won’t be one, but I for one will be disappointed if there is one.

[vitec] 27/9/2019 14:16

riducule not wanting to sound negative but it does depend who wrote the report/were they paid to write the report etc. I like you hold a large number of shares but untl we have tangible orders/revenues etc it means nothing

[still waiting] 27/9/2019 14:13

I wonder if we are finally going to see a broker note ?

[tburns] 27/9/2019 14:07

Nice one TL

[ridicule] 27/9/2019 14:07

LTHrs will have noted I have not recently posted on here. I still remain a large shareholder in Tern but became frustrated with the perpetually circular arguments of the rose tinted versus the shorters. My reason for posting this afternoon is that I am a member of a number of investor access portfolios and I have just received a 28 page research notes on Tern from one of them. I am unable to produce the whole report for obvious reasons, but I share the following extract, primarily because it’s the first time I’ve ever seen any tangible financials on the device authority trading model.

“The revenue model is a combination of base licence fees (a price of $50k would be a reasonable base level) with an ongoing annual fee of perhaps $5-$15 per device. Note that this fee is for the software platform only – customers will pay separately for device connectivity and other aspects of their IoT deployments. For critical safety, data security and compliance applications, annual fees per device can reach $1,000 or more.
Initial success has been seen in the medical and industrial sectors, with wins including a major global truck manufacturer and a large medical device group looking to connect up to 2,000 medical robots. Additional opportunities are being pursued in the automotive sector.
The expectation is that Device Authority’s revenues will be very “sticky” with customers unlikely to churn away from the platform once installed, as the ongoing costs are relatively low, and migrating to other systems would be difficult to achieve and risky.
Summary: Device Authority helps industrial and medical sector customers build large-scale deployments of securely-managed IoT devices. The management of PKI keys or other tokens becomes a meaningful challenge at scale, and Device Authority’s software suite (both on- device and in the Cloud) allows customers to codify and control the necessary processes.”

The whole report on Tern was positive and it was produced as a consequence of the results just announced so it is very much up to date. It was also in depth, so they had clearly spent a lot of time with the management and the report clearly articulated the AS strategy that he has been exposing over the last year or so, including the Silicon Valley and VC connections.

[tialouise] 27/9/2019 14:06

Glad I could help x

[still waiting] 27/9/2019 14:03

lets see how long this -ve talks remains after FVR takes centre stage..

[still waiting] 27/9/2019 14:02

loading up begins..

;-)

[tburns] 27/9/2019 14:02

Someone has just bought twice my purchase in a oner, nice 350k buy there, you would have thought that would have shifted the price

[seewhatimean] 27/9/2019 14:00

Look at the panic and lack of basic English.

Bless.

warrenfingerfood27 Sep '19 - 13:50 - 167067 of 167068
0 0 0
Anyone tried sending Fiona an email? I get can't deliver no one of that name at newgate etc.

[seewhatimean] 27/9/2019 14:00

Would be lucky to sell DA for £10k.

[seewhatimean] 27/9/2019 14:00

Best of all is the £7m insolvency. If it wasn't for the idiot clowns this would have been dead a long time ago.

Terd's best asset? Stupidity.

[duxy786] 27/9/2019 13:58

Are you saying they have packed up left already Warren?

[mikemichael2] 27/9/2019 13:58

Should i hang on then JonC, wait for the death spiral.??

[warrenfingerfood] 27/9/2019 13:50

Anyone tried sending Fiona an email? I get can't deliver no one of that name at newgate etc.

[andrbea] 27/9/2019 13:45

With the interims out of the way what's to stop the newest directors buying some shares in tern. To show some belief in the company, while the share price languishes.
...

[andrbea] 27/9/2019 13:45

or are tern in a closed period all year round?

Maybe - as others have commented - the tern board don't mind a low SP; it means more gain on their share options when the exits come.

[jonc] 27/9/2019 13:26

The placing will need to be sub 5p to get it away or maybe back to the death spiral.

[jonc] 27/9/2019 13:25

Dig in mate.It is LTHers who are selling leaving mugs holding the baby.

[mikemichael2] 27/9/2019 13:22

Keep it up JonC, need some more.