Latest Views & News

BREAKING: Tern – Annual Report reveals new Auditor: why no notification (as there MUST be)?

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 12 May 2020


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.


Grossly overvalued AIM-listed jam-tomorrow investment company Tern plc (TERN) finds itself if the dock today. The full Annual Report for 2019 has finally been published – and buried in the usual waffle we find that a new Auditor was appointed. Now according to the rules, this should have been notified at companies house– but there is no sign of that anywhere. Specifically, there should be a statement from the previous auditor as to the circumstances of its removal and it is a shocker to find no such notification. This raises all sorts of questions.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

|