UK 06:51 Monday, 21 September 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.
Tern (TERN) has a historically high expense ratio. At the interim stage average net assets were £23,531,000 (31 December 2022 £24,852,000 and 30 June 2023 £22,209,000). The administrative expenses for the six months ended 30 June 2023 were £1,052,000. This equates to an annualised expense ratio of 8.9%.
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