Tern Share Discussion Threads

[jonc] 01/3/2020 16:30

Nonsense.DA is worthless.2.2p EOY target.

[tullynessle] 01/3/2020 16:14

Stentorian /InVMA

I believe BT and MK:Smart need to be added to the list.

Comment 1 : In the link the words "global partners" appear

Comment 2 : Has anyone found "Nanuka" - I didn't have any luck.





"We have a proven track record with customers include BT, GCE, Centrax, Rotork, Vayon Group, MK:Smart and Nanuka."

[kkrr11ss2] 01/3/2020 15:31

Re:stentorian invma post
Scroll down to partners and customers

[kkrr11ss2] 01/3/2020 15:27

This unmanned boat can chase for 300 mile at 45 knots with laser guided machine guns and heat seeking missiles
Just seen it on hms prince of Wales aircraft carrier in Liverpool
Navy guy called it a sea drone

[sweepie2] 01/3/2020 15:17

If he was that much of a genius we would not have spent most of our time criticizing him, the buying just did not justify a bunch of insiders buying and quite a few of the buys were claimed from people who populate this thread. Do't get me wrong news of what you suggest would be game changing at this moment in time but sadly for us despite my dreams unlikely

[seewhatlmean] 01/3/2020 14:51

AIM-listed Tern plc (TERN) was one of my two tips of the year – as a sell – at 9.25p (mid). The shares are now just 7.25p - down by 22% so I’m off to a very good start. But I want to ask a question of Tern regarding its ongoing loans and payments to jewel-in-the-crown investee Device Authority.

Last June – just before Tern’s half-year end – Tern lent Device Authority (DA) around £0.3 million secured against a tax credit due to DA from HMRC. Given that Tern had been handing out around £0.3 million in loans every quarter to DA, this appeared to replace the summer loan but I had assumed the cash would be repaid once HMRC had coughed up.

Roll forward to now, and the charge which was registered at Companies House on 5 July 2019 and effective 25 June 2019 is still there and still marked as outstanding. So it seems the cash has not been repaid.

Are we to believe that it has taken HMRC eight months and hasn’t paid up? Or has HMRC decided that for some reason it should not pay up?

Or might there be another explanation: that someone perhaps wishes to hide the fact that DA is still totally reliant on quarterly loans from Tern of around £300,000 to keep the lights on because DA is generating no significant revenues still?

If that is the case, could it be that HMRC has indeed coughed up but DA hasn’t passed on the payment – effectively getting another £0.3 million loan from Tern in the process? That might explain why Tern has not made its usual January disclosure of further loans to DA when, in effect, another has been made.

Might Tern clarify this?

Given that at the last results (interims to June 2019) Tern’s stated net asset value of 6.9p per share (now slightly boosted by a placing at the end of October) was two thirds down to DA which appears to be still reliant on funding from Tern, that is a bit of a worry is it not? Especially as the jam-tomorrow is still yet to arrive.

And of course Tern will surely have to rattle its own tin once again before the full year numbers are out in order to get a going concern sign-off from its auditors – and in the current climate that will be very messy indeed.

My suggestion that the market will finally tire of Tern’s jam-tomorrow and continual placings still applies. At 7.25p - still a premium to its Woodfordesque NAV - keep selling.

[upthegardenpath] 01/3/2020 14:29

I think the key word of that statement is 'IF'

[bdog51] 01/3/2020 14:06

TERN is currently trading at a huge discount to the real value of assets, as will be realised and confirmed when assets are sold. All in due course..Our resident trolls will be aware of that, hence the persistent posting of nonsense. If they aren't aware of it, then they really are clueless.

[bbmsionlypostafter] 01/3/2020 13:40

RNS on Monday followed by red?

[poppet123] 01/3/2020 13:23

Sharejim . What in hell are you doing on here ?
Another scammer.eff off.

[jonc] 01/3/2020 13:19

NAV will be cut when DA is impaired.

[still waiting] 01/3/2020 12:38

Might have to dig back.

I think it was in an update from InVMA somewhere.

[oldishrocker] 01/3/2020 12:24

Was it "Yorkshire Water" SW ?

[likya123] 01/3/2020 12:18

Any DA announcement which includes and confirms no further loans would be the catalyst for a rerate although I get the feeling something a little more substantial is about to land....

Many many pounds not pence.

[sweepie2] 01/3/2020 12:09

You would hope for a blockbuster release tomorrow but the amount oof net buys over the last two days does it really indicate that insiders know its coming, you would expect far far more buys surely 1.4m buys probably not enough to really set the alarm clock.

Would love it though as got injured at work yesterday so on strong painkillers and other tablets with a walking holiday in Iceland starting on Wednesday so to say I'm abit miffed is an under statement so would welcome some good news to lift the spirits

[seewhatlmean] 01/3/2020 12:02

dysgu siarad Cymraeg chi hoyw de Walian hoyw.i bawb sy'n Gymraeg iawn yn y gogledd, diwrnod hapus d didid. mae'n dda bod yn Gymraeg.

[poppet123] 01/3/2020 11:55

Enigma sent PM.
See grand job on www.johnmathews@ Loonibin.eu
Bus ticket was too expensive for him to work in London , he must have lived in Manchester.

[stentorian] 01/3/2020 11:54

SW, I'll maintain a list for us all. Let me know any omissions and I'll add. Got to go - off to Wembley for the League/Rumbelows/Milk/Carabao Cup Final

[still waiting] 01/3/2020 11:44

Stent, I'm sure we had some water supply co and council orgs as well.

[still waiting] 01/3/2020 11:42

Off the shelf solutions imho means ready for global expansion..

Ready to go ?