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Tern – more cash to Wyld as a ramptastic deal is announced: when’s the placing?

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 20 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.


AIM-listed monstrously overvalued jam-tomorrow investment company Tern plc (TERN) has announced a deal for its investee Wyld Networks, and the conversion of a cash loan into Convertible Loan Notes. Well, woopiedoo – but I suggest Wyld’s deal looks a bit questionable, and the loan conversion tells us that Tern has handed over another £250,000 from its depleted coffers to its cash-guzzling investee.

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