UK 12:43 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On Thursday I noted to Tom Winnifrith that AIM-listed jam next century internet of things investor Tern plc (TERN) was in trouble over its secured borrowing facility pursuant to which it borrowed cash (last noted at £307,692) and hawked its shares in Wyld Networks, which trades on the joke Nasdaq-of-the-North exchange in Stockholm. The issue is that the value of the Wyld shares – which have collapsed – had to be at least 150% of the borrowing.
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