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Tern issues a speeding ticket. SELL!!

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 13 June 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.


Call me mad, but if I were truly part of the Global Shorting Conspiracy I would now be shorting AIM-listed Tern plc (TERN). Having stated I wouldn’t short Tern because a price can go twice as bonkers as it is already, I fancy the time has come for reality to set it. Even Tern has issued a statement saying its own board knows of no reason for the continued rise in its share price. And just for good measure, Tern tells us its cash balance sits at £1.49 million – so I have been bang on the money (and it needs yet another placing).

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