Investment company which takes stakes in tech firms valued at £4mill.




11p to buy.

HA HA LOL - what a board!
btw tern will not be hitting 2p anytime soon
gla

Someone else has already contacted abuse@advfn mikey!


"mike740
27 Jan'15 - 09:53 - 573 of 590 0 0


ohhh cockneys running to Clem again.........ohh bless weve hurt his feelings. Ohhh he is so sensitive."

Down over 10% that must be going on for 50% in 5 days.

Oh dear, did someone report you to abuse@advfn mikey. A classic case of ---- be careful what you wish for! cluck,cluck,cluck :-))

DB.......for you.......

A GOOD TURN UP TODAY with volume, as is moving higher from the start of May. Has reached top Band of Bollinger Band so maybe is also the top for the moment being 8p

just posted but can not find the post so a new one for the chart
It happens every night at ...MAM but who cares not them it seems

On a BREAKOUT

since the bounce back @ 5.50p has almost double in price, has had a BREAKOUT and now looking for the highest price recently at last December. Has gone over the top Bollinger Band.

Top performer today.

BREAKOUT @ 11.375p +2.50p

Second day of strong gains with breakout early on
SP well over the Bollinger High Band
----------------
Cryptosoft Launches V3.0 Data Centric Security Platform
July 21, 2015in:

New functionality, improved management capabilities and the introduction of gateway agent functionality set to revolutionise IoT data security.

Cryptosoft, the leader in policy driven data authentication and encryption services for connected IoT and M2M devices, has today announced its latest and to date, biggest, software release.

V3.0 of the Cryptosoft Data Centric Security Platform is available immediately.

This significant new release of the Cryptosoft Data Centric Security Platform brings a host of new functionality to add enhanced scalability, improved management capabilities and the introduction of gateway agent functionality to provide users with enhanced data processing capabilities.

“V3.0 is an important release for Cryptosoft,” says Jon Penney, Cryptosoft CTO. “Particularly exciting is the new Cryptosoft Gateway Agent created to extend Cryptosoft’s policy-driven security functionality to the ubiquitous Hypertext Transfer Protocol (HTTP).”
M2M and IoT security
“This new agent enables customers to deploy centrally managed, transparent encryption services for their IoT devices to protect sensitive data streams, without any costly changes to existing applications. This is a revolutionary advancement for securing IoT and M2M deployments and we are not aware of any other existing products that currently offer these capabilities.”
To improve scalability and load management, the Cryptosoft platform now supports the use of the PostgreSQL database service as a backend data provider for the keys, policies, logs, etc. The use of PostgreSQL introduces great improvements to the speed, and overall usability of the platform, in larger deployments.

The new release is available to existing customers as a free upgrade.

Top performer today for another time.

Top performer today.

The ...chuck chuck.. is infesting other places with - copy and paste negative postings
a couple days old (posted by who?.... MickTKipper - Tue 20:26

Tern – after the ramp to 27p comes the Placing at 12p. But what’s this?
By Nigel Somerville, The Deputy Sheriff of AIM | Monday 10 August 2015

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Well surprise, surprise! As expected (see HERE) AIM listed Tern plc (TERN) has announced a placing in the wake of the monumental rise in the lead-up to its Interims last week, and the explosion following chairman Angus Forrest’s mega ramp of an interview with paid-for Proactive Investors. With the shares having peaked at 27p on Thursday, the company announced a placing of shares this morning – at just 12p. One might only imagine how anyone who was sucked in to paying 27p last week might be feeling now.

As I write, the share price is down 30% today at 11p (mid) - below the placing price and not a good sign.

Of course, one cannot blame Tern for taking advantage of a strong share price so as to shore up the balance sheet. Although the Chairman’s Statement in last week’s interims noted a “healthy level of current assets” it was clear to me that the company needed to raise cash in order to meet its funding commitments to Cryptosoft whilst still being able to keep the lights on. And so now the company has brought in £720,000 before expenses (perhaps around £684,000 net). Certainly, now, the company is well enough cashed up for the time being – although suggestions of further investments on the horizon may see that change.

What is clear, however, is that the Proactive interview was just a bare-faced ramp and now we know why. Placing discounts on AIM can be steep, but this looks particularly savage. Even against the close last Friday of 15.75p (mid) a placing at 12p is a 24% haircut. Anyone who bought at 27p last Thursday has just watched a few people walk off with about 12% of the company having coughed up 56% less per share. Now they are watching people able to buy shares 59% cheaper in the market than they did.

As to the Proactive interview, it all sounded jolly exciting – as one would expect from a piece of PR puffery. Discussions with household names, members of the Fortune 500, expectations of a portfolio sale in the next six months and another in the next twelve are mentioned. Maybe.

When asked about contracts for Cryptosoft the reply was “I can’t tell you who it is talking to and signing with…” er, so there are contracts being signed? Should that not be in an RNS, then? But remember, this interview is not Nomad-approved, whereas the Interims (which were released the same day) were. The Interims referred to “major c
-----------

TERN eye opener report............MickTKipper Sun 15:07
Tern rockets on Interims and a Proactive Interview but Hargreave Hale sells again

By Nigel Somerville, The Deputy Sheriff of AIM | Sunday 9 August 2015

Phew - what a ride! One moment share of Tern plc (TERN) are drifting at around 6.5p a share and then in the blink of an eye they have rocketed to 15.75p, having peaked at a whopping 27p. Ahead of Wednesday’s interims which showed a balance sheet of just £1.2 million, the Tern rocket had ascended to about 15p a share to value the company at around £7 million. They slipped a little on release of the RNS before a paid-for interview with company chairman Angus Forrest on Proactive Investors ignited the booster rockets and off we went again, up into the clear blue skies above, notching up a peak of 27p (market cap £12.3 million), and a four-fold re-rating. Post-excitement slippage then saw the shares close a wild week at 15.75p, a market cap of £7.2 million. What was all the excitement about?

Of course, this is all about investee company Cryptosoft which has recently appointed Mr Darron Anthill as CEO. We have had news of a tie-up with ThingWorx (although no financials have been released) after Cryptosoft’s newly improved security platform had been formally launched. Mind you, for all the fireworks of last week, Cryptosoft remains pre-revenue. Tern has announced funding of £700,000 in total to fund the jewel in its crown although the actual funding delivered thus far looks to be of the order of £375,000. Never mind all that, Tern appears to be the talk of the town down at bulletin board central, where commercial success for Cryptosoft seems to be a given. I think that is a dangerous assumption to make.

Tom Winnifrith has highlighted the current penchant of the market for giving sky-high valuations to pre-revenue technology companies. I would suggest that Tern is a case in point. Its interim balance sheet showed net assets of £1.2 million. First half revenues of £60,000 are recorded, although this looks to have got only as far as the receivables column rather than cash in the bank. It would also appear that these revenues are simply fees and charges levied by Tern on its investee company, Cryptosoft, paid for out of the cash that Tern is investing into it. Out of approx. £375,000 pumped into Cryptosoft since last autumn, it seems that £96,000 has been booked back out again in fees. All a bit of a merry-go-round, but which conveniently swells Tern’s balance sheet.

At the peak, this investment company with a £1.2 million balance sheet was somehow worth £12.3 million. In fact £300,000 of convertible director loans which are expected to be converted in due course at 1.25p (£270,000) into 21.6 million shares, and 2.016p (£30,000) into c. 1.5 million shares on top of the now existing c. 45 million shares. That would imply a resulting balance sheet of about £1.5 million and a pea

Despite a few good size buys,- one paid full ask - no Market Maker wants to show their faces on the level 2 yet

now is changing fast already 8.57% up

Worth noting last weeks comments from Cisco CEO that he is preparing to go on a cybersecurity acquisition spree and that he sees this space as the fastest growing sector in the world.

'The new CEO stated that he sees a strong future ahead in the area of cybersecurity, an area that Cramer considers to be the fastest growing group of any business on Earth. The CEO considers cybersecurity to be a top priority in the face of a world that is connecting everything.
He anticipates that every customer and every company will connect to everything, which will require a network, Cisco's specialty. He said it will also require the network to become a security center.'

2015/08/12/cisco-ceo - cybersecurity-acquisitions-are-coming

The movement up is having a good trend now 16.50p +1.875p

good finish 16p
Now the latest forecasts are a huge spike in IoT security fully expected;

IoT Security Market Set to Spike - 17 August 2015

The Internet of Things (IoT) security market, which consists of smart technology solutions and services that aim at securing the network of connected devices, is expected to reach $28.90 billion by 2020.

http://www.infosecurity-magazine.com/news/iot-security-market-set-to-spike/

the BOD shareholding .......28.9% of TERN!!!

Significant Shareholders
Number of Shares %
Hargreave Hale Ltd 5,100,000 11.2
Michael Clark 4,216,269 7.7
Angus Forrest 4,216,269 7.7
Bruce Leith 3,673,900 6.7
Al Sisto 3,900,000 7.2
Jon Penney 1,922,096 3.5

Johnma 18 Aug'15 - 12:35

Hi Guys
Based on my research please find attached my personal forecasts for TERN PLC.

Forecasts 2015 2016 2017
Revenues 4,000,000 20,000,000 36,000,000
Costs 1,500,000 3,000,000 4,500,000
EBITDA 2,500,000 17,000,000 31,500,000
Valuation 25,000,000 170,000,000 315,000,000
Multiple X 10
Shares in Circ 54,000,000 85,000,000 120,000,000
Price Per Share 0.46 2.00 2.63
Revenues based purely from Cryptosoft - excludes other investments