Market's view on Tern
Published on April 2024
- Portfolio CEOs reported substantial revenue increases at the recent Corporate Management Day.
- Stock watchers suggested linking board performance targets directly to their salaries or bonuses, and this should be voted on in the annual general meeting.
- Directors expressed commitments to only draw half their salaries until they return over £100m to shareholders.
- Speculations about potential trigger events include announcements of deals with major companies like SpaceX and significant growth expectations from TM.
- Concerns discussed regarding delayed financial results and the impact of these delays on stock performance.
- Comparisons drawn between Darktrace and Device Authority, noting that Darktrace has a higher market value, more global presence, and significant sponsorship activities like in Formula 1.
- Discussions on the profitability of Device Authority, highlighting its potential for high net profit margins due to low overheads, making it an attractive acquisition target.
- Device Authority celebrated for its accolades, including being voted IoT security platform of the year and having a significant presence in the IoT security sector.
- The imminent Device Authority Virtual Summit themed “Zero Trust in the Era of AI” announced with PTC as a Silver Level sponsor, highlighting discussions on cybersecurity in the digital age.
- Discussions on the importance of Device Authority’s board composition, including notable industry leaders like Timothy Eades as Chair of the Board, emphasizing its strategic positioning in the cybersecurity market.