BuySel
22 Nov 2015
Five AIM Shares To Fight Cyber War Thursday 19 November 2015[link] (TERN) has a number of technology sector investments, but the core one is Cryptosoft, which has an encryption product that uses the Java standard and can work with any hardware and systems.The Cryptosoft platform uses installed technology - the sender of the data and the receiver can be using different technology. The data itself is secured, rather than the hardware that transmits it, so it remains secure at every stage. The focus is the Internet of Things and machine-to-machine devices. The Tern share price has been particularly volatile and Hargreave Hale (HHV) took advantage of a sharp rise in order to reduce its stake during the summer.
Bazil_Brush
19 Nov 2015
Drop of share price this article I've copied from the news tab, II front page, which partially explains why the sustained drop in sp. ---------- ---------- ---------- ---------- ---------- ---------- ---------- -(TERN) has a number of technology sector investments, but the core one is Cryptosoft, which has an encryption product that uses the Java standard and can work with any hardware and systems.The Cryptosoft platform uses installed technology - the sender of the data and the receiver can be using different technology. The data itself is secured, rather than the hardware that transmits it, so it remains secure at every stage. The focus is the Internet of Things and machine-to-machine devices. The Tern share price has been particularly volatile and Hargreave Hale (HHV) took advantage of a sharp rise in order to reduce its stake during the summer. ---------- ---------- ---------- ---------- ---------- ---------- -----Now recouped all my Silvermere Energy losses through buying on dip and selling at highs. Tern still a player in my book but you need to keep an eye on it.B_B
II Editor
28 Sep 2015
NEW ARTICLE: Should You Buy Tern PLC As Its Cryptosoft Ltd Unit Pushes Ahead? "Investment company Tern (LSE:TERN) is falling today despite the fact that the company's largest investment, Cryptosoft Ltd, issued a relatively upbeat trading statement this morning. Cryptosoft is Tern's most substantial investment, accounting ..."[link]
city watcher
03 Sep 2015
INTERESTING - So What? Next I remember 'Silvermere Energy 'Dear Mr Wheatley and Mr Stuttard,I was explicit: I warned you time and time again that if you failed to act there would be further problems down the road. I explicitly warned you about Tern plc (TERN) – a company which evolved from the restructured mess that was Silvermere Energy plc following a CVA overseen by Antony Batty (who oversaw the DLM CVA), one of whose Brokers is Peterhouse Corporate Finance (DLM’s Broker), whose Chairman is Angus Forrest (as he was at DLM) and whose Directors include Bruce Leith (as per DLM). I warned you again and again. Over and over.And so here we are, with history repeating itself. Investors have been mugged, shares look to have been issued at the wrong price (so it seems, from filings to Companies House), Company assets have been misrepresented by RNS and a whole host of smaller foul-ups. But the big one is the takeover by Tern plc of Cryptosoft Ltd and a subsequent equity share placing.On 15 Sept 2014, Tern announced by RNS that it had bought a 95% stake in Cryptosoft, paid for by the issue of just under 2m shares, issued at around 2p per share. Tern also made a commitment to invest £300,000 in the business. my maths, that would suggest an Enterprise Value of about £55,000. Tern’s shares hung around a 2p-4p range until December 8th when the shares started to climb, reaching an intra-day peak of around 14p on Dec 23rd 2014.The company released the following RNS on Dec 22nd:Share Price MovementTern Plc, the investment company specialising in the cloud and mobile technology sectors, has noted the recent increase in its share price.The Company can confirm that, other than matters which have been announced, there are currently no other developments it wishes or needs to bring to the attention of the market at this time.This RNS was signed off by Chairman, Mr Angus Forrest and Nomad (and joint Broker) WH Ireland. Also named on the RNS were Peterhouse Corporate Finance, joint Broker, and the Corporate PR firm of Redleaf Polhill.Signal Hill has explicitly stated that it was simply reporting the transaction between Tern and Cryptosoft based on public information. It was also explicit that they had nothing to do with that transaction. It is clear, then, that this was not an independent valuation at all. It was merely reporting that the transaction had taken place.But it appears that a clerical error there led to the purchase of 95% of Cryptosoft being stated to have implied an enterprise value of $75,000,000 when, in fact, (and Signal Hill has sent me the source material) the figure should have read $75,000. I would like it placed on record that Signal Hill have responded to my enquiry extremely promptly. I have the email correspondence and would be happy to provide it to you.It is my belief that Tern should have, either of its own volition, or under the advice of its Nomad and Brokers, corrected this misunderstanding which was widely held. If you would care to read through the postings on, for example, the Tern boards of ADVFN, LSE or iii you will see very clearly that investors believed that they were buying Tern (with a market cap of around the £2-5m mark) believing that Tern owned an asset which had been independently valued at $75 million. It had not been.It appears that this misapprehension commenced about a week before Christmas. You will note that the shares in Tern put in the lion’s share of the price spike from 18 Dec onwards, opening that day at 5.25p and peaking on 23 Dec at about 14p – a rise of over 150%. Even on the day of the Dec 22 RNS (issued at 2.20pm) the price peaked at almost 10p, almost 100% up in less than three trading sessions.Yet all Tern did was to issue an RNS stating that there was nothing that ‘it wishes or needs to bring to the attention of the market’. Please would you investigate whether that statement constitutes Market Abuse on the grounds either of being misleading (ie the comp
AsherH
03 Sep 2015
Re: Rinse and repeat You were saying? Well done holders
mimbrit
10 Aug 2015
Re: Rinse and repeat Your prerogative ST - the market appears to think otherwise.One third off the price says this was way over bought, and there will be a lot of unfortunates who bought into the pump to 26p.mim
Supertag
10 Aug 2015
Re: Rinse and repeat The article is not worth reading!
mimbrit
10 Aug 2015
Rinse and repeat Google tern Somerville hargreave for an article worth readingmim
Heathcliffironballs
06 Aug 2015
Now there is a thought, BB with their pile of cash stepping in and purchasing this, that would potentially be a marriage made in heaven... Or not, of course!
Heathcliffironballs
06 Aug 2015
A thought occurred to me, given this is similar to BB Enterprise in its delivery, I think BB could have missed the boat by not making their BB Enterprise available across all platforms
Heathcliffironballs
06 Aug 2015
One thing I can guarantee about Cryptosoft is that all the major data security players will be checking this out as we speak - if it is a game changer as claimed by Al Sisto, then this will be snapped up for a major sum
Heathcliffironballs
06 Aug 2015
JM - You may be right... That's your opinion. My opinion is that this is a gamble that has a very good chance of coming off, if Cryptosoft is 75% of what Tern claim, that will be more than enough for this to be bought out with a good return... That's my opinion, I buy shares on what I believe, it's a gamble for sure, what investment is otherwise though?
Heathcliffironballs
06 Aug 2015
The fact of the matter here is... If Cryptosoft is the real deal, this goes through the roof - The people that have been brought in to bring this to the marketplace couldn't be better in my view... Flip side is it bombs and we go down with the ship... I have taken the view that if this does what the company claims and is a secure encryption system then all major organisations that hold secure data will have to consider this system, if Mr Sisto can get a few major blue chips signed up, and let's be fair, he is the best placed person to do this, then you can bet your life that Cryptosoft will be bought out and the shareholders get a good return - of course I'm a non-techie and this could be rubbish and I lose my investment, that applies to every single investment out there- I am taking the view that an industry expert like Al Sisto would never have joined this Cryptosoft if he didn't believe it... So I'm having a punt on this based on his experience and reputation
Heathcliffironballs
04 Aug 2015
Would anybody hazard a guess at the value of Cryptosoft is at this time if Tern were to sell this off now?
Heathcliffironballs
04 Aug 2015
Would anybody hazard a guess at what the 2 values of Cryptosoft is?
