From £7.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £7.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Tern – How’s The Funding? I love the smell of a cash crisis in the morning!

By Nigel Somerville | Sunday 22 October 2023


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.


How, I wonder, is the funding situation at AIM-listed jam-tomorrow investment company Tern plc (TERN)? Tern, no doubt will tell us that everything is just fine but you and I know that is not the case. For a start, its interim results to June 2023 showed that it was in desperate need of cash and shareholders were pulled to a General Meeting with a gun to their heads to approve plans for new share issuances last month. But there is another issue: Konektio.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 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 »

SOS

Sosandar – FY Results And An SOS

 

URU

URU – Stink Upon Stink

 

Gold

Turning gold digital?

Saturday »

OPTI

Optibiotix: where is the TR1?

Monday »

ICON

Iconic Labs, the world has gone mad!

Time left: 06:29:25