Advfn bb26 Dec 2018 00:13
Johnma 25 Dec '18 - 23:51
Tern plc rises 622% this year from 2.63p to 16.5p
(£35m market cap)
Tern (TERN)
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is an investment company specialising in invests in tech companies in the UK that it believes will be attractive candidates for acquisition or IPO, with valuations between £1 million to £10 million.
The company mandate is to add value by increasing market penetration of its holding companies by improving sales and marketing strategies and improving capital efficiencies. It also has a mandate to take positions in capitalised market leaders with near term value potential.
It’s portfolio currently consists of Device Authority Limited, flexiOPS, FundamentalVR, InVMA, Push Technology Limited, Seal Software Limited and Wyld Technologies.
Its interim results released in September reported it had 30 June 2018 Net Assets of £13,942,757, which was a notable improvement, up from £10,787,236 in 30 June 2017.