UK 09:37 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 investment company Tern (TERN) announced this morning it had shoved a further £117,195 into clearly loss-making Talking Medicines, presumably to keep its lights on. Tern tells us that the new funds come from its recent placing – which raised (gross) £450,000. With last-reported admin and other expenses of £1,101,000 for last year, there are no prizes for guessing where the rest of the wonga from that placing is going for cash-strapped Tern. So how do you dress up having to wave goodbye to more cash into a sinking portfolio? Simple: offer shareholders a pipe-dream!
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