By Nigel Somerville, the Deputy Sheriff of AIM | Friday 24 June 2016
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 plc (TERN) updated the market this morning that its acquisition of some bits of Flexiant Ltd which was all off a few days ago has now completed – in the form of a purchase from the administrators. But a previous investment into the parent has been written off. Ouch.
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