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Tern – yet more institutional selling tells its own story

By Nigel Somerville, The Deputy Sheriff of AIM | Thursday 26 March 2015


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.


It was announced yesterday by Tern plc (TERN) that institutional grandee Hargreave Hale has been offloading yet more of the 9.05m shares it acquired during December of last year. Having paid 3p a share and then topped up at 9p, Hargreave Hale (HH) has been steadily offloading at around the 6p mark since January.


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