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Tern – Interims and yet more Jam Tomorrow as Another Placing Comes into View

By Nigel Somerville | Tuesday 14 September 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 internet of things investment company Tern plc (TERN) announced its interims to June this morning. Tern’s motley bunch of fanatics will of course be celebrating the claimed 75% period-on-period increase in turnover amongst its cash-guzzling portfolio, but for all that, NAV per share slipped from 7.3p to 7.1p and the company burned through another mountain of cash.

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