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VINDICATED AGAIN: Tern hugely discounted placing but its just a sticking plaster, death only postponed

By Tom Winnifrith | Wednesday 24 January 2024

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 announced a placing raising a paltry £400,000 and at just 2p – the shares closed yesterday at 2.875p and were well above 3p just five days ago. Natch the company misleads with its excuses, this is just a sticking plaster which postpones death by just a few months. It’s ouzo on cornflakes time for this website, for the chatroom warriors who knew better it is another wake up call.
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So farewell then

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