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Tern – Is Another Shoe About To Drop At Wyld As Investors Await Dire Results And Yet Another Cash Crisis?

By Nigel Somerville | Tuesday 12 March 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.


AIM-listed jam-tomorrow (except tomorrow never comes….) investment company Tern (TERN) is having a predictably tough time of things at the moment. I say predictable: Tom Winnifrith and I have warned and warned and the shares continue to slump. Tern has already seen one investment go to the wall (Konektio), the value of its investment in Device Authority has been halved and Tern has had to do a massively discounted but very small placing to keep the lights on. As that money runs out, there is another problem…
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