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Share Price Information for Tern (TERN)

Share Price: 14.00Bid: 13.00Ask: 15.00Change: 0.50 (+3.70%)Riser - Tern
Spread: 2.00Spread as %: 15.38%Open: 12.75High: 0.00Low: 0.00Yesterday’s Close: 13.50

Tern Plc Ord 0.02P

Tern is part of the IT Services sector

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Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 236.68m £31.95m 20,000

52 Week High 58.00 52 Week High Date 13-JUN-2018
52 Week Low 2.05 52 Week Low Date 14-FEB-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
0 0 0 -9.643 -1.40 0.00 0.00

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Directors Deals for Tern (TERN)
Trade DateActionNotifierPriceCurrencyAmountHolding
Trade Notifier Information for Tern
Ian Ritchie held the position of Non-Executive Chairman at Tern at the time of this trade.
 Ian Ritchie
Trade Notifier Information for Tern
Albert Sisto held the position of Acting Chairman at Tern at the time of this trade.
 Albert Sisto
02-Oct-17Notification of Holding
Trade Notifier Information for Tern
Albert Sisto held the position of Acting Chairman at Tern at the time of this trade.
 Albert Sisto
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Posts: 300
Premium Chat Member
Opinion:No Opinion
InVMA - Tern PLC
Wed 09:30
Chesterfield, Derbyshire. 16th January, 2019:

InVMA (, the expert IoT Solution Provider and leading ThingWorx partner in UK and Ireland, announced today their partnership with the XL Global Group (, a multi-discipline technology and engineering group who specialise in turnkey solutions for the Oil & Gas and associated industries.

Combining XL Group’s in-depth knowledge of the Oil & Gas industry and InVMA’s expertise in providing Industrial IoT solutions, the new partnership offers the most comprehensive Industrial IoT solution aimed at the Oil & Gas Industry currently on the market.

“Partnering with InVMA will not only allow us to deliver real solutions in a very short timeframe, but will allow us to draw on their experience and bring the lessons learned in the wider manufacturing industries to bear on the challenges currently faced by the Oil & Gas industry.” said Jim Morrison, Managing Director at Aquidata XL, the division of XL Group specialising in Production Data Management and Industrial IoT solutions.”

“The Oil and Gas industry is experiencing a period of rapid change and we see increasing interest in the use of Industrial IoT technologies such as wireless sensors, data analytics, machine learning, and augmented reality to improve or reshape traditional business processes.” continued Morrison.

“At the moment the industry has the interest and the motivation, but what is needed to accelerate take up of technology is tried, tested, and proven solutions that can deliver rapid business benefit in a predictable and cost effective way.

We believe that the ThingWorx platform delivers the best available end-to-end tool chain that will allow us to provide our customers with effective real-world solutions, not next week, next month, or next year, but today.”

ThingWorx is an Industrial Innovation Platform that delivers comprehensive data acquisition, analytics, machine learning, and visualisation capabilities that will allow the XL Global Group to deliver the type of digital transformation initiatives that the Oil and Gas industry is driving towards today to help improve efficiency, reduce operating costs, and maintain a safe working environment.

[InVMA deliver innovative IoT solutions by combining world-class management consulting expertise with objective technology advisory as well as hardware, software, IT and OT technical capabilities. InVMA design, develop and deploy applications and hardware that improve or transform the way organisations do business. The company enables the creation of new revenue streams, enhanced customer satisfaction and improved operational efficiency. Tern Plc has a 50% holding]
Posts: 1,247
Opinion:No Opinion
Tue 09:42
Posts: 1,247
Opinion:No Opinion
Mon 08:36
Thanks to rhwillcoll1. 14 Jan '19 - 08:25 -
I am pleased with today's RNS. I agree with what Meganxmas has written above, and Tyrano has been accurate with his assessment of a further small loan or two.

The terms of this loan are extraordinarily good for Tern and its shareholders, we had £1.9 mn in the bank on 31 December, and this relatively small further loan to DA is easily affordable. The DA revenues are most certainly coming in, but more importantly, our global partnerships and securing of verticals (eg the medical contract, 3-D printing) are expanding rapidly.

The value of DA is not in its current profitability, but in the value to a buyer of its IP. My interpretation is that an exit is not far off.

My congratulations to the Tern BoD and to Darron and team at Device Authority. They are doing a sterling job. Thank you.
Posts: 2,797
Opinion:No Opinion
Mon 07:13
Tern Plc (the "Company", or the "Group")

Issue of further convertible loan to Device Authority Limited

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), announces that it has committed a further convertible secured loan of up to US$400,000 to its portfolio company, Device Authority Limited ("DA"). The total funds secured by DA through this loan from DA's existing shareholders, including Tern, are US$531,930.

Tern's commitment will be provided in two tranches: 60% of the total loan, which will see Tern contribute US$240,000, is payable immediately, taking Tern's total convertible loan note position in DA to US$1,940,867. The remaining 40% will be payable by 20 February 2019, if certain commercial milestones are met by DA. Following this second tranche of investment, Tern's total convertible secured loan note position with DA will be US$2,100,867. The loan is repayable on 30 June 2019, to coincide with the other outstanding loan notes to DA.

In providing this support, DA's shareholders, including Tern, are pleased with the progress that DA continues to make with its partners, including the recent contract secured with a leading medical device manufacturer (as announced on 27 December 2018).

The loan note accrues an interest coupon of 5 per cent. per annum and is convertible automatically on completion of an equity fundraising in DA of at least US$2.5 million which is completed before 30 June 2019 ("Qualifying Fundraising"). The conversion will be into the most senior class of shares issued in the Qualifying Fundraising at the lowest fundraising price per share.

If a Qualifying Fundraising is not completed before 30 June 2019, but DA is able to procure an exit for its shareholders, the providers of the loan can elect to either receive 300% of the principal amount of the loan notes held by them in addition to the accrued interest, or to convert the loan and accrued interest into Class A Preference Shares of DA at a conversion price of £0.036681585 per share.

Providers of this loan to DA will also be issued with 2.6 warrants for each US$1 of loan notes subscribed for by them (rounded down to the nearest whole number). Each warrant, which is exercisable at any time before 11 January 2026, provides each warrant holder with the right to subscribe for one Class A Preference Share of DA for each warrant held at an exercise price of £0.036681585 per share.

As at 31 December 2018, Tern had an unaudited cash balance of approximately £1.9 million.

Al Sisto, CEO of Tern, said: "We are pleased to continue supporting DA given the progress the company has been making with its current and new partners, including the recent contract win announced in December 2018. We are confident in DA's ongoing progress and look forward to reporting on its future achievements within the IoT security space."
Posts: 1,247
Opinion:No Opinion
DA Digicert usb
Sun 19:24
Note usb Type C pki part of a $17billion market to $34billion in 2023

Dublin, Oct. 01, 2018 (GLOBE NEWSWIRE) --

“”Digicert was selected by USB-C Auth Prog to provide all PKI services. Proper authentication for USB-C chargers””

Type (USB (USB TYPE C, and Other USB TYPE), HDMI, Thunderbolt, and DisplayPort), Device, and Geography (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2023" report has been added to's offering.

The wired interface market is expected to reach 8.78 billion units by 2023 from 6.51 billion units in 2018, at a CAGR of 6.2% between 2018 and 2023.

The market was valued at USD 17.87 billion in 2018, and is expected to reach USD 34.72 billion by 2023, at a CAGR of 14.2% between 2018 and 2023.

DigiCert's chief technology officer Dan Timpson said: "We're pleased to partner with Device Authority to align our complementary solutions in a way that provides additional value to our customers.

"Through this partnership, we will be able to enhance our current IoT device authentication, encryption and message integrity solutions and extend the appropriate level of PKI to more devices with limited compute power."

The process of onboarding devices into an IoT application must be securely controlled which is where Device Authority comes in.

DA is serverly undervalued imho
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