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They're doing it now. Three more 150k sales in 45 minutes
I would agree with you there has always been a gang at work. I thought it would end with Johnma gone but it has continued, and going back to the Board, its the Boards way of doing things which has allowed the gang. I have often thought the gang had more information than shareholders and they were always ready to take advantage offered by Al Sisto and questionable placings.
Perhaps what we ned are traders to enter at this level, P&D it to 15 to fry all the bar stewards who are trying to drive it to 6, and then do their dump thing back to this level.
The board undoubtedly carry blame. As has been discussed on here today. But the traders do too. I've been here for years and if there's one thing Tern has it's a name as a trader's share. But I believe strongly that the traders are people calling themselves long term holders. They appear when they've pulled the price down.. well known names on ADVFN.. slithering about talking it up. Then they go quiet. The price is always stopped at the same point, and the quantities are always the same and the method's the same. Every time. If they didn't P&D in this way, the price would continue the gentle climb it's enjoyed over the last couple of weeks. Instead traders have stopped it in its tracks. Again. So yes I blame the traders. For the price not being in the teens or twenties. And I blame the board for it not being higher than that.
Mortgage I was just about to say the same thing.
If the MGMT were better then there would be buyers....
"Tern note the successful conclusion of the recent 2 day IOT security summit organized by its 58% owned investment Device Authority and are delighted by its reception of the global companies representing 1.7 trillion dollars. We were especially pleased to hear how leading IOT companies described KeyScaler the leading IOT security platform and owned by Device Authority as “ the glue that holds the IOT together” We welcome all shareholders and interested observers to view the 14 webinars especially the EPS and Microsoft webinars at https://www.brighttalk.com/summit/4892-virtual-iot-security-summit/
We are looking forward to announcing future exciting developments"
Nice one TERN ... you put on a summit... Fujitsu partner with your investee & Al Sisto releases that lame paragraph that isn't even in a Reach.
I would love to see him dragged out of the door.
Dont blame traders antelope, its been the same last 6 years, blame is more at the door of the Board!
Here we go. Traders have it by the nuts and are dragging it back down again. They're quite organised. If a decent buy pops up of say 200k, similar trader sells appear soon after. So the price rise stalls... then buying slows, then they lay into it with sells. Not too quickly as they don't want it to drop so fast they don't have time to sell.
Of course you're right in that Tern should counter this by publicising investee success. The TAG wold have forced that. But now this will continue, as it has for years, until an asset sale comes. Personally I'm running out of patience. I'll give it to the end of April. If no sale, I'm out.
I take that back.
Can buy £25k for 9.99p
The P/A over the next 2 weeks will be the most telling sign as to what's going on in the background... comforted by the lack of dropping given the sized sells going through... if, we start to move up then somethings happening.
Insider trading in the tech world is rife, this will be no different. imo.
Have a good un Antelope, we live in faith.
You could also say that TERN would be better off with someone who could multitask. lol.
Also note the Ask not dropping in any meaningful manner... comforting.
For every seller there is a buyer.
Probably. You might even spin it by saying that AS knows his marketing limitations and judged that DA had been caried to a stage where a more marketing oriented person should be in charge, so he stepped aside seeing his job as being done. Possible...
Note the large sells happening now? Always the same sizes, every time. 100k, 200k and 250k. It's the lths in the private group. They've talked it up to the same top and they'll drag it down again. Rinse and repeat. These are the people mostly responsible for the static price range. Although of course AS could overwhelm them if he promoted the company properly. I accept that. But even without that, the price would rise gradually if these parasites stopped playing it. Then we'd all gain.
Antelope - I want this to succeed as much as you do. I just have serious reservations for as long as AS is in charge.
Ironic that the time KS looks closer to being in a strong position for a bid, with a far more proactive webinar is just after AS stepped aside ?
Probably a coincidence.
Posted by Techip on ADVFN:
"Nothing is wrong here just that some posters build up expectations to the sky and don’t understand the reason for holding such webinars. I’ve read here that Microsoft would bid for DA during the webinar. What a load of tosh no wonder buyers have stayed away. I refer you to the post made by Ridicule yesterday which summed up the true reasons in that it is should be seen as an absolute success in marketing and one which will ensure we win a truck load of new business from the trillion dollar attendees. I am very confident this will happen. Tern and Al Sisto do themselves no favours by withholding pr to the markets but that’s a separate matter altogether. In the old days, a company would concentrate on building a solid business and the share price would take care of itself at a later stage and I believe that is what the old boys here are focussed on and to this regard they are doing a sterling job which has my full backing."
I've not denied the negatives anywhere. I've stated them in fact. I've even said I'm tempted to move on. But I see both sides. You seem to focus on one only. AS is crap at PR and boosting the share price. He's good at selecting and nurturing investees. That's it. On balance, we stay because on balance, despite the negatives (AS/PR), we know that we'll gain in the end (asset value). So focus on that.
The TAG could have forced a change of approach on PR, but most people sneered at it.
" if you refuse point blank to see the optimistic side of the coin at all, then sell up and vanish."
At no point have I said there is no positive here, infact quite the opposite...
But, I refuse to think that AS is in any way shape or form good for this company... a company which is meant to be a "Cutting edge" technology company, run by a bloke who is in his 70's, his successes were in the 90's !!! and he does webinars in his slippers...
Errrr Hello ??? investors wonder (read the ~ADVFN BB today - "whys it down?") why VC's and Tech investors don't touch it ??
You say that the only value will be found when the investees are sold... That's just not the case, if this was a hungry proactive management who were yearning for success value would be found, but it isn't... if the technology was or is as good as everyone thinks it is there would be far more interest for these shares.... WITH A DIFFERENT MANAGEMENT.
People think DA will be sold for $400m+ Yet its value on TERN's books is naff all... and yet people still stick up for the management, it is delusional to say the least.
You didn't strike me as someone not capable of looking at the negatives of a company you are invested in ? Do I have to sit here repeating exactly what you want to hear to keep you happy, like all they do on the ADVFN bb ???
Tick it up he said something good. From grown men who are seemingly investors, it is delusional.
I was banned from ADVFN but received messages from people who were holding but completely agreed with what i was saying... needless to say they were also banned, lol.
Some people just clearly need to sit in an echo chamber to feel vindication and support for their decisions.
"I'm tired of these conversations."
No one is forcing you to reply Antelope.
Tsk ok, if you refuse point blank to see the optimistic side of the coin at all, then sell up and vanish. I'm tired of these conversations. You either get that this company grew from pretty much nothing, and has valuable assets that will sell for big profits, or you complain about not having profits tied up in your shares right now, presumably so you can realise them.
It's not been a pleasant ride, this share. I'm fully peed off with it after 6 years. But there is a reward on the horizon. It may be that you'd do better selling and investing elsewhere... if you think this is such a crock of cr4p, why don't you? I'm tempted. I'd put the lot into EMH, my other large holding. The reason I don't is that every time I come to press the button, I remember just how much DA and Wyld and FVR are worth, and that an offer could come at any point. To sell, you have to forget this idea, move on and never look back. Shouldn't be a problem for you given what you think of the BoD as you seem to be assuming that holding is going to cost you money, not make it.
Which is why there will be another placing. At some point because Al Sisto isn't proactive, doesn't sell these investments with pride, disregards his shareholders and does webinars in his slippers while drinking hot Ribena.
What VC or tech investor from silicane valley or the city would touch his stock with a barge pole ??
The only profit here leis in the value of the sale price when assets are sold. There is nothing else. It's an investment company. You don't make money from shares you invest in until they are sold. Same with Tern.
Microsoft call KS Awesome
2022 - KS still not making profit.
People need to wake up and smell the coffee... the bloke needs to go & be replaced by a forward thinking, proactive leader who prides the success of the company and doesn't do webinars in his slippers.
That's enough negativity from me... I'll buy more at 6/7p.
Antelope. There are so many trippers on the ADVFN BB its depressing to read, after 6 years of repeating the same garbage and holding hope that, finally, something will happen... they spin a positive on EVERYTHING, have a read of the contrast in posts over the last week... beginning of the week it was "Sale sign up, billion dollar companies" et al... now its... ... incapable of looking at the situation objectively and thinking "hang on a minute...... i've been saying the same thing for 6 years and still nothing has happened"
Lets be realistic... if the technology is so good and they still can't even generate a pound of profit from it... where does the problem lie ?
The management **AL SISTO** is the problem.
For the record, I was in the TAG and would have liked to see that bring more pressure to bear. And some with supposed 'heads in the sand' will include those who find the current state of affairs as satisfactory because, as stated earlier, they are trading.. ramping it up and selling, then buying back again. They don't want change.
This week.
Fijitsu have partnered with our 97% owned investee company and Microsoft called our investee company awesome.
Board of TERN radio scilence.
Share price -10% of the highs - price moving events now old news... back to 7p anyone ?
I didn't say he stated that he doesn't see the SP as important, I said that was my interpretation and deduction given that he sees ultimate value in asset sales regardless of share price.
Look, no one would like to see a higher share price than me. Ye gods, do I need it. But I still believe that ultimately, this will come right. There was a time when my holding was far higher and I anticipated a 7 figure gain. Now it's low 6 figures. But it'll still be a good gain.
Amazeeed at how many TERN shareholders have their heads in the sand... makes you wonder if they understand what good management consisits of.
Slippers and 6 years old regurgitated nonsense ?
I am not referring to you Antelope.. there are plenty on the ADVFN bb - absolute trippers, after 6 years they still refuse to question his capability - almost like they have formed a Al Sisto Cult.
"In Al we trust" even tho he's done F/A.
"the Board of Tern believes that the Company's cash resources are sufficient for its current needs"
What happens when they have run through the cash available for the current needs ? How will AS and doris get paid ?
If he doesn't deliver value **To TERN** there will be a placing, irrelevant of what happens within the investee companies.
I so hope I am wrong as I have no intentions on selling... but again, go and listen / watch / read historic news releases and webinars, it is quite enlightening.
Al Sisto is past it and with him ain charge the SP will be static and drift (as you have clearly even stated came from his own words, he doesn't see it as important) and at some point they will be raising funds.