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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tmt Acquisition Plc | TMTA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 23/7/2022 13:35 by hedgehog 100 TMTA's non-exec chairman, Harry Hyman, was also previously chairman of main-listed cash shell Derriston Capital (DERR), which floated at 10p/share, and which subsequently bagged a massive RTO:-"Derriston Capital shares soar as trading resumes three months after deal to acquire Sorrell’s S4 Capital Jon Hopkins 14:40 Fri 14 Sep 2018 The resumption of trading comes two days after Derriston issued its interim results for the six months to June 30 which showed the firm had cash assets of over £2.1mln at the period-end Derriston Capital PLC (LON:DERR) saw its shares soar higher as trading in the main market-listed cash shell resumed trading on Friday afternoon for the first time since May 30 when it announced plans to acquire S4 Capital Limited, a new company formed by former WPP PLC (LON:WPP) boss Martin Sorrell. The resumption of trading comes two days after Derriston issued its interim results for the six months to June 30, which showed the firm record a pre-tax loss of £138,086, with cash assets of over £2.1mln at the period end. Around 2.45pm, Derriston shares were nearly 45% higher at 16.50p. On 10 July, the company announced that S4Capital had acquired MediaMonks Multimedia Holding BV, a Dutch digital media group which has revenues of around €110mln. MediaMonks operates in 10 countries with clients including Adidas, Amazon, GE, Google, Hyundai, JAB, Johnson & Johnson, Netflix, 3G and Weber. Derriston published a prospectus and circular detailing the acquisition of S4Capital on 11 September, and convened a general meeting on 27 September 2018 for shareholders to vote on the deal. Harry Hyman, Derriston’s chairman said in Wednesday’s statement: "We are delighted to have reached agreement with S4Capital, and their merger with MediaMonks, one of the world's most exciting and progressive digital media agencies." Sorrel to take charge Prior to the announcement of the Derriston reverse takeover, S4 Capital completed a £51mln equity fundraising of which Sorrell contributed £40mln, with the balance of the funds coming from institutional and other investors. Derriston is to change its name to S4 Capital PLC – which is understood to refer to four generations of the Sorrell family – with Sorrell to be appointed executive chairman of the company. Sorrell, the driving force behind 33 years of dealmaking at WPP, stepped down as its CEO in April after the board investigated claims of misconduct. The decision to acquire Derriston has echoes of his reverse takeover of a small listed firm, Wire and Plastics Products, then a manufacturer of shopping baskets in 1985." And SFOR subsequently nearly 9-bagged from low to high within three years, to a market cap. of billions. This rise was driven by incredibly strong growth, albeit within the last year the costs of this expansion has hit profits, causing the shares to slump back. |
Posted at 23/7/2022 08:57 by hedgehog 100 08/11/2021 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Half-year Report LSE:TMTA Tmt Acquisition Plc"Unaudited Interim Results TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, today announces its unaudited interim results for the period from 25 March to 30 September 2021. Harry Hyman, Non-Executive Chairman of TMT Acquisition, said: "We are delighted with outcome of the listing and the support shown from institutional shareholders. In the short time we have been on the market we have already started evaluating a number of investment opportunities and look forward to updating shareholders with developments when appropriate." ... On 11 October, the Company was admitted to listing on the standard segment of the Official List and to trading on the main market for listed securities of the LSE, raising gross proceeds of GBP5 million (net proceeds of GBP4.73 million) from institutional investors. As at 31 October 2021, current assets were approximately GBP4.83 million. ..." |
Posted at 22/7/2022 16:44 by hedgehog 100 Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like TMTA.And meanwhile, the valuations of RTO targets for shells tend to be depressed. So ironically, the s.p.s of shells like TMTA can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets. Which makes a shell like TMTA - with both great cash underpinning and great deal prospects - a great place to 'park funds' at the moment. Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term. TMTA though has both underpinning, and great potential upside - it could rise significantly from this level on a good deal. And you don't have to worry about funds being tied up here for a while if you won't be using them anyway. |
Posted at 22/7/2022 16:30 by hedgehog 100 Current share price 22nd. July 2022: 18p27,500,000 shares in issue Market capitalisation: £4.95M. "TMT Acquisition was incorporated in March 2021. The Company has been formed to pursue opportunities to acquire businesses in the technology, media and telecom sector (“TMT sector”)." 11/10/2021 08:01 UK Regulatory (RNS & others) TMT Acquisition PLC Admission and First Day of Dealings LSE:TMTA Tmt Acquisition Plc "Admission to listing on the Official List and to trading on the London Stock Exchange Director/PDMR Shareholding TMT Acquisition (LSE: TMTA), is pleased to announce that its entire issued share capital of 27,500,000 Ordinary Shares has today been admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the TIDM "TMTA". The Company will pursue opportunities to acquire businesses in the technology, media and telecom sector ("TMT sector"). The Company intends to consider opportunities within the TMT sector focusing on disruptive digitally enabled media and technology businesses with an initial focus in the financial services and other regulated sectors. TMT Acquisition will consider making an acquisition of the following types of businesses: - Platform and marketplace businesses; - Tech-enabled disruptive businesses; - E-Commerce businesses; and - On-line B2B and enterprise solutions businesses. Prior to Admission, the Company had in issue 2,500,000 Ordinary Shares and at Admission issued a further 25,000,000 Ordinary Shares at a placing price of 20p per Ordinary Share, raising gross proceeds of GBP5 million. Following Admission, the total number of Ordinary Shares in issue will be 27,500,000 and this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. TMT Acquisition is a public limited company incorporated in England and Wales with company number 13292061. The Ordinary Shares are registered with ISIN GB00BN7DKC44, SEDOL code BN7DKC4, TIDM "TMTA" and LEI 213800HAYJPSLB1TUK56 Capitalised terms used in this announcement are as defined in the Prospectus published by the Company on 6 October 2021, unless the context otherwise requires. - Ends - For further information please contact: TMT Acquisition plc via Vox Markets Harry Hyman Dowgate Capital Limited - Financial Adviser and Broker David Poutney / Nicholas Chambers +44 (0)20 3903 7715 Vox Markets - Investor Relations TMTAcquisition@voxma Kat Perez |
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