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Tern – Rats, Sinking Ship: Two Thirds Of Board Walk With Immediate Effect

By Nigel Somerville | Tuesday 29 October 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 and much troubled Tern plc (TERN) has announced board changes: two of the three have walked, leaving Chairman Ian Ritchie with new appointees as NEDs Ian Ross and Jane McCracken. I can’t help sensing the rats are deserting the sinking ship.
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