Member Info for antelope

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.

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.

I don't believe there will be a placing. Those quotes virtually state as much. Was there a placing for the recent fund raise for Wyld?

In two recent RNSs, AS said

"the Board of Tern believes that the Company's cash resources are sufficient for its current needs, including developing the portfolio and supporting the progress of its portfolio companies, taking into account the expectation of the availability of third-party funding to assist the development of the portfolio companies as appropriate."

and

"Tern now has a diversified portfolio of IoT focussed businesses, at various stages of maturity, that are benefiting from the synergies of being part of the Tern ecosystem and I believe now provide our shareholders with an appropriate balance of risk and reward. 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."

I read this as meaning no more placings.

Camkite, my belief is that no more placings are due. I may of course be wrong in this. But remember that Tern are a startup too, and as such, raising cash at very short notice, to prevent Alsop Louis getting first and reducing our shareholdings in investees, was probably difficult. Hence the frantic bucketshop raises. All nasty from out POV but I'm hoping all that's behind us now.

Tern's share price has no effect on the performance of the investees. Only the other way around. It's true that a rising share price would attract attention, fuelling in tern further share price rises. I'd like this We all would. Hence my criticism of Tern's PR efforts and mostly of AS' insistence on NAV as a valuation base.. that's just daft.

Nevertheless, when an asset sells, the outcome will be the same regardless of the share price, assuming no further dilution.

I was heavily underwater here. I sold all lossmaking tranches of shares and invested them elsewhere, although I've yet to recover that loss. The remainder is now in profit. I agree that this should not have been necessary, but it was. Tern had no cash and needed lots. Hopefully that's behind us now.

Yes, as I say, he's failing with the PR. But I had a conversation with him on this subject a long time ago now... year and a half. My reading of him is this: As far as he's concerned, the objective and function of this company is to invest money in other companies and then nurture them and grow them until they are big and sufficiently autonomous for us to sell our stake at a significant profit. It's at that point that investor value is returned. What the share price does in the meantime is irrelevant. The objective is to generate a profit upon asset sale.

And this makes sense. Why should the share price be an issue unless you're trading it. The investees are doing really well (as far as seems to be the case - we ought to be told) and our stakes will eventually be sold... probably for very large sums. The proceeds of those sales will come back to us in the for of share buy backs, dividends or share price rise, or more likely a combination of these.

You can hardly accuse someone who is so cleverly knowledgeable about bleeding edge technology and the markets for that technology to be living in the 1990s.

I'm not defending him, merely stating facts. Our share price should be way north of here, and it would be nice if it was. But actually all that means is that it would climb a smaller percentage when an asset sale occurs. Ultimately, the share price will be the same... well north of here.

REPOST

His failure is to not manage PR and to base valuations on NAV. On the other hand, Tern's investees are beyond phenomenal in terms of their potential and their value. AS chose them and he used his contacts to nurture them and to open doors for them. They wouldn't be as big as they are without him imo. And none of us would be talking about making good money were it not for him. So credit where it's due... but yes, he's mismanaging the PR and share price. No doubt about it. Eventually though, when an asset sale occurs, the price will move to reflect that regardless of where it is now.

DO MESSAGES KEEP VANISGHING?

.

Afaik, we'll find out when the deal is done. That has to be before end March. If they don't find a RTO candidate, the company has to become an investment vehicle and need 6 mill to do so.

Bear in mind that there is a gang of players here - they inhabit a 'private group' on ADVFN. One poster called ebomber is a key member - they talk the price up when it's low, and then dump in 100 or 200k lumps to drag it back down and repeat. They're oily types.. appearing friendly and supportive on the advfn board but in truths they're devious hypocrites and are screwing things up for everyone else. One day, the price will keep rising despite their ells and they'll get screwed. Bring that on.

... and Talking Medicines

https://twitter.com/TMedicines/status/1364536082637979651?s=20

Do the participants in these webinars realise that they can benefit financially from DA by buying shares in Tern?

I think green tech, covid and crypto stocks are down in general, after recent sharp gains, and EMH is being dragged down with this. Daft. Good entry point though. If you've any cash.

Stonk, that's a nice analogy, and a vivid picture your paint. I paid for a joyride in a glider once, told the pilot that I had flown before (I had but only powered) and he looped the loop. What a blast that was.

All covid related stocks are volatile. And unfortunately all are classed as simply 'covid stocks' regardless of the merits or otherwise of each. Avacta seem to me to be a good an honourable company with fine tech aimed at diverse markets. ODX are well placed to manufacture everyone's devices. NCYT are very strong in diagnostics and are a buyout target. There are lots of others.

GDR strikes me as a pretty solid rock in the middle of all this, quietly getting on with their thing. I see them too as a buyout target.

I have two main holdings (neither are pharma stocks). They're my core holdings. I decided today to sell off everything else (all the crypto and spac gambles included) once each is at least breaking even, and return all monies to those core holdings. The exception is GDR, which I may make a third core holding. There's a chance I'll choose avacta or ncyt instead, but probably GDR. This is a good hold... stick with it and try to ignore the frantic noise and hype and manipulation that's going on around covid stocks. It's all a bit distasteful to be honest.. people are dying from covid.

GDR are doing good work. Stake your holding and let the company do its job. Rewards will appear in due course. Stop trading. Calm down. People get too intense about stocks, and greedy. It can become an obsession and spoil your life.

They are causing mayhem already.

There's something odd about this. Five of seven MMs on both the bid and the offer stuck at the same prices pretty much all day?

... how can this possibly be legal? Bunch of scum and charlatans. But with a govt of the same, who's surprised? Price manipulation right out there in the open but it's the tory old boy network old chap and they make the rules.

..for all those supposed instis who thought they were being smart harvesting 'kippers' at 29p.
hmm