KEEP an EYE
TERN 8.125p (8 -8.25p)
After the large drop last week on the placing @7p, today is having a bounce, small spread. Yesterday's closing Candlestick a "hammer" was bullish.
"Tern , the company specialising in the cloud and Internet of Things ("IoT") sectors, is pleased to announce that it has raised approximately £2,550,000 before expenses, by way of a placing of 36,428,557 new ordinary shares of 0.02p each at a price of 7p per ordinary share . Additionally, subscribers in the Placing receive a warrant to subscribe for 1 share for every 2 shares purchased, at a price per warrants of 12p, exercisable at any time before 12 April 2018."

