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Tern plc ( (GB:TERN) ) has shared an update.
Tern Plc has announced a reduction in the fixed remuneration for its board and executive management, alongside a commitment to distribute proceeds from successful exits of its investments. This move aims to align management and shareholder interests, with a 50% salary cut for key executives and a new performance-aligned remuneration policy. The company is focused on maximizing returns from its portfolio while maintaining strict cost controls, and shareholders are promised a distribution of at least 50% of net proceeds from any investment exit over £1 million.
The most recent analyst rating on (GB:TERN) stock is a Sell with a £0.50 price target. To see the full list of analyst forecasts on Tern plc stock, see the GB:TERN Stock Forecast page.
Spark’s Take on GB:TERN Stock
According to Spark, TipRanks’ AI Analyst, GB:TERN is a Underperform.
Tern plc’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenue and negative profitability. The technical analysis indicates bearish momentum, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.
To see Spark’s full report on GB:TERN stock, click here.
More about Tern plc
Tern Plc is an investment company that specializes in supporting high growth, early-stage, disruptive Internet of Things (IoT) technology businesses.
Average Trading Volume: 2,488,198
Technical Sentiment Signal: Sell
Current Market Cap: £3.47M
See more insights into TERN stock on TipRanks’ Stock Analysis page.