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Tern PLC - internet of things-focused investor - Says strong business momentum seen in the final quarter of 2020 across its principal portfolio companies has continued into the new year.
Both Device Authority and InVMA finished 2020 strongly, Tern says, and Fundamental VR announced three significant contract wins in late November and early December.
"The fundamental value and attractiveness of our portfolio has increased significantly through the performance and relevance achieved during 2020 and we believe will continue to do so during 2021. We also believe this underlying value will be recognised during this year as our portfolio companies secure third-party expansion capital through syndicated funding rounds," says Tern Chief Executive Al Sisto.
Current stock price: 7.05 pence
Year-to-date change: up 1.4%
By Lucy Heming; lucyheming@alliancenews.com
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