Tern – Diabolical Interims, Technical Insolvency and Worse
By Nigel Somerville, the Deputy Sheriff of AIM | Friday 23 September 2022
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) released awful interim results to June 30 2022 today – there is no jam tomorrow! With negative net current assets and a loss of £2.4 million, a failed takeover and a cash-crisis, it couldn’t get much worse…….but it does!
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