Tern Share News (TERN)

IN BRIEF: Tern transfers 75% holding in Konektio to deferred shares

Tern PLC - Investor specialising in supporting early-stage 'internet of things' technology businesses - Confirms that 75% of its holding in InVMA Ltd, which trades as Konektio, has now been transferred to a valueless class of deferred shares. Further, Bruce Leith has stepped down from the Konektio board as Tern's representative.

Tern opts out of further investment in Konektio

(Sharecast News) - Internet-of-things investor Tern announced on Wednesday that it has decided not to further invest in its portfolio company InVMA, operating as Konektio.

AIM WINNERS & LOSERS: eEnergy surges after Luceco backing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Tern shares fall as it opts out of further Konektio investments

(Alliance News) - Tern PLC shares dropped on Wednesday morning, as it said it has decided not to invest further in its portfolio company InVMA Ltd, which trades as Konektio.

UK shareholder meetings calendar - next 7 days

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

AIM WINNERS & LOSERS: Belluscura receives orders for 6,500 Discov-R

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Tern shares fall as interim loss widens amid portfolio value decline

(Alliance News) - Tern PLC on Wednesday reported an increased loss as the valuation of the portfolio contracted.

Tern notes three departures, including its finance chief, to cut costs

(Alliance News) - Tern PLC on Thursday announced a number of changes to its board in a bid to cut costs, including Chief Financial Officer Sarah Payne leaving to take up a position at another company.

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

Tern shares skyrocket as investee Wyld signs agreement with SpaceX

(Alliance News) - Tern PLC on Friday reported that its portfolio company Wyld Networks AB signed an agreement with Space Exploration Technologies Corp, a spacecraft engineering company led by Elon Musk.

TRADING UPDATES: tinyBuild bemoans disappointing interim performance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Pires Investments swings to a loss in "testing" year for company

(Alliance News) - Pires Investment PLC on Wednesday said net asset value per share decreased, and it swung to a loss in a "testing" year for the small-cap listed companies in which it invests.

IN BRIEF: Tern signs loan facility agreement of up to GBP3.0 million

Tern PLC - Investment company specialising in supporting early-stage internet of things technology businesses - Signs loan facility agreement of up to GBP3.0 million with unnamed investor, which will be available for up to 36 months. Says the facility provides an initial drawdown of GBP500,000, which it has already drawn down, with further drawdowns subject to the conditions of the facility. Terms include a monthly interest rate of 1.0%, starting from the date of the drawdown.

IN BRIEF: Tern annual net asset value falls on swing to loss

Tern PLC - investment company specialising in supporting early-stage internet of things technology businesses - Swings to pretax loss of GBP10.4 million in 2022 from a profit of GBP4.6 million in 2021. Total net assets amount to GBP24.9 million as at December 31, down from GBP32.4 million a year earlier. NAV per share decreases to 6.4 pence from 9.2p. Says the reduction in net assets is primarily due to "movements in investments held at fair value through the profit or loss and a reduction in the cash balance". Books a negative movement in the fair value of investments of GBP8.4 million, compared to a profit of GBP6.2 million in 2021.