From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Tern – more disappearing Auditor questions, and what of the new auditor? Is this a major Red Flag?

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 21 May 2020

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.

That monstrously overvalued jam-tomorrow AIM-listed investment company Tern plc (TERN) did not announce or explain why its Auditor disappeared is already a Red Flag. But looking through the Annual Report prepared under new Auditor Nexia Smith Williamson raises more questions – and a huge giant-sized Red Flag for this particular non-auditor.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was



Ariana – Surprise!

Time left: 23:33:57