By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 28 January 2021
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 jam-tomorrow investment company Tern plc (TERN) has announced a new injection of capital into investee Wyld Networks offered up by Tern and a third party investor which previously made loans of £400,000 to Wyld. In addition, the two investors have converted loans into equity which cleans up the balance sheet but the big point Tern trumpets is that its previous investment which carried a valuation of £1.2 million is now worth £4.1 million. So it looks a great job for Tern – but I refer readers back to Cynical Bear’s piece on fellow Tern investee Cryptosoft, now called Device Authority, on the merger between Cryptosoft and Device Authority Inc.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen
