Member Info for Augustus_

I hear you, antelope. 30 is a colossal amount. If I was going to take a guess,I would say they will sell for about $5-10b. Even at 1b, I'm laughing.

Mike Routhorn has been in Tern longer than I have, I started buying in 2017. He knows his stuff.

That does seem like a ludicrous sum until you look at Nuance achieving $20b from Microsoft recently. What do they even do, speech recognition? Who knows what DA can command. A lot more since the pipeline hack.

Tern have released an RNS to explain the reason for the rise. It was lodged at 7am on May 4th. Good weekend all

Gekkonis - the recent AGM removed the right for Tern to issue shares in any fundraise. End of discussion.

Very strong signal to continue a very strong uptrend, with technical and fundamental justification.

I will take 25% off the table at £1.50 and let the balance run for 3 years. In the event of a nosebleed price investee sale, I reserve the right to change plans.

This is a very unique series of events that has resulted in such an undervalued sp imho. Tern have opted for a VC model to be carried out in an AIM listing. I believe they RTO'd a company already listed in order to do this. As such they, to this day, use the NAV of their original investment amounts. Peruse the financial statements to see if I'm telling the truth, this is your money at stake. So NAV has not priced in any progress at the companies, which is clear for all to see via the recent presentation as well as the ongoing PR of the investees themselves. However, even a great deal of this is shrouded in the secrecy of NDAs, which is perfectly understandable in the context of IoT security. The downside of this historically,in some LTHs opinions, is that previous fundraising has often been tied to a sorely outdated NAV. This has resulted in unnecessary levels of dilution (I would state that 330m shares is respectably low, but I understand the view considering Tern had c.100m shares not too many years ago). The flip side is that it has kept the sp suppressed to an unbelievably low trading range, which means an absolute monster rerate is in the process of unfolding. Dyor if you're serious, but quite frankly I don't care what you do. It won't stop the price surging past previous highs if you sell your stake. I'm holding for many multiples of today's sp.

I think the charts are a screaming buy signal all by themselves, and who knows; that might bring a certain level of interest here. It's welcome, of course. Everyone has their own individual investment style. For me, I think it more pertinent to look at certain fundamentals. Look at the percentages Tern holds of its investees. Look at the surge in IoT demand, both as a result of the pandemic and also as a way of boosting productivity, and therefore profit. Look at the lack of debt held. Look at the waiving of rights to issue shares as a form of capital raise. Look at the M&A market right now in tech. Then finally, look at the Tern market cap. The amount of money that the market currently values the whole share issuance of Tern plc. If you feel there is value to be realised, perhaps a great deal of value, then surely it then makes sense to buy or hold until said value is priced in.

Swanny27, as you asked (and apologies to the board for o/t, I'm super long on Tern) the best prospects for short term gains imho other than here are GLR and EME, dyor of course

I know it's far from.the current price but I think £250-300m mcap is fair, and that's more than 35p.

From the other site this evening

Default audio setting is mute on the link provided.

Simply turn up the volume to hear the "rich in content" TERN plc presentation.

hTTps://youtube.com/channel/UCrd0D24zsC1BjBOBQ1bmjng

I see the link already on social media tonight and fully expect it to be widely shared.

Iirc, in the very early days of Would they tested their tech on London Underground. I seem to remember it went well but I can't recall more detail than that I'm afraid.

I think the recent MS-rekated appointments (Tyler and Kyle) show that DA are very much aligned with MS. Even if there is no MS buyout of DA, I'm happy to see DA as an IoT security global leader aligned with MS, a company making multiple billions per quarter through IoT alone.

Barnetpeter, I really can't argue with that on any level. Too many false dawns here over the years. I'm holding the lot anyway, even though they've only just come back into profit/break even territory, simply because there are several factors pointing towards an actual dawn on the horizon. GLA, let's see what comes along.

Agreed, II buying is done strategically, and it makes sense now more than ever for it to be underway considering the investee progress Tern have seen over the last year or so. Low mcap will rule out certain funds from buying but that's just something to look forward to when it hits £50m, £100m.

As for the shorts, I wish ill on nobody but there are consequences to one's actions and this share has been subjected to a consistent onslaught of venom from traders playing the channels. I look forward to that play becoming obsolete in hopefully not too long. GLA

As we had the biggest volume day in Tern's history recently, it stands to reason that whoever is building a stake will be patient in letting retail get bored. Sophisticated investors won't chase the price up, they know that the emotions of your average AIM punter kick in soon enough when the next rainbow appears. And that's the way to fill an order.

I think it's naive to assume DA will achieve a valuation based on revenue. Any purchaser will be buying it strategically. If it's Msft, it will be because they need the scale of onboarding/provisioning for Azure/Sphere. That's worth a lot more than DA revenue to them, and that's why I expect the sake price to be in billions rather than hundreds of millions.

Mortgagefreeman (love the name), in all honesty it would do me, I would also be in huge profit at that point. I can see tern testing the 85-105p region in the next month or so though, so happy to let it run up. I've been wrong in the past, of course. But in my defence, I don't need to work and I'm certainly not old.

Swanny27, 85p is not derived from any kind of technical analysis, I am purely a value investor. I buy value and wait as long as I must to realise my gains. At 85p I will have many bags of my initial investment, and therefore I will take half off at that price (there or thereabouts). That will leave me with roughly the holding I had accumulated in early 2018 which can run for 3-5 years, assuming no catastrophic game change.

I've not been a regular poster on here (or on any share for that matter) but I've been monitoring Tern since 2016. I did make a lot of money on 2018, but ended up buying back in earlier than necessary. However, I have held what bought back and continued to gather. I now have double the holding I had in spring 2018, and I will be holding on for a lot higher sell point than I did back then too. Something is different, I will hold on to a core for the long run but aim to take half off the table at 85p. GLAH