Latest Views & News

Ouzo Time! Tern Placing - Bears to the rescue?

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 13 July 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.


It is time for yet another ouzo! As long suggested on this fine website, AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has done yet another discounted placing to raise c.£2 million (before expenses) at 18.8p per share – and launched a PrimaryBid offer (which you should definitely ignore) in an attempt to raise the same again. But the joke is that it seems it was the Bears to the rescue!

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

Tuesday »

SNX

Synectics – a recovery Buy?

 

GetAFix

Malcolm Stacey is Moving House

Monday »

WG

Wood Group - a Buy (again)?

 

Bear

Video: Bubbles always implode

Tuesday »

MNDI

Mondi – a recovery and income Buy?