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Tern – Statement Needed Over Wyld As Disastrous Q1 Results Released And Bonkers IFRS

By Nigel Somerville | Friday 31 May 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 crock Tern plc (TERN) surely must make a statement over its investee Wyld, which has this morning delivered up disastrous Q1 results. Tern has a loan secured on its Wyld holding, but it surely must be the case that by now that loan is in breach as the Wyld holding is no longer sufficient to support the loan and thus an urgent statement is needed under AIM Rule 11.
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