By Nigel Somerville | Monday 30 July 2018
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.
I see that AIM-listed Tern plc (TERN) shares are now trading on a spread of 24-25p, which is below the 26p placing price of last week. As Tom Winnifrith often reminds us, shares which drop below the placing price tend to head lower still.
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