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

MINDING THE LSE’S BUSINESS

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 – After the preposterous and cynical pump……as things get Wyld

By Nigel Somerville & Tom Winnifrith | Friday 12 April 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 investment company Tern plc (TERN) this morning announced a placing to raise just £420,000 (and that, before expenses) at just 2.4p – a cavernous (over) 30% discount. It was quite obvious to seasoned Tern-ologists that this was coming: it was yet again running on fumes and, of course, there was that preposterous pump the other day regarding its (natch…) cash-guzzling investee Talking Medicines and a previous conference-call. The gerbils lapped it up, pushing the shares northwards by well over 50% and this morning the inevitable dump came.
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

 

AAU

Ariana – Surprise!

Time left: 04:12:15