Tmt Acquisition Share Discussion Threads

[hedgehog 100] 11/10/2023 16:57

BELL has since moved up to 30p (29p - 31p), where it has closed, with TMTA still at 17p (16p - 18p).

So based on 15 BELL shares for every 22 TMTA shares, the current BELL bid price of 29p, equating to 19.77p TMTA, is about 10% higher than the TMTA offer price.

And it could be even more than 10% if you can get inside one or both prices.

And on the same basis, the current BELL offer price of 31p, equating to 21.14p TMTA, is over 17% higher than the TMTA offer price.

In summary:-

1. TMTA is potentially a significantly cheaper way into BELL than buying BELL directly.

2. Selling BELL to buy TMTA is a potentially attractive arbitrage play.

[hedgehog 100] 11/10/2023 14:08

The current BELL & TMTA mid s.p.s & spreads, with their equivalents based on 15 BELL shares for every 22 TMTA shares:-

BELL: 29p (28p – 30p): equates to 19.77p (19.09p – 20.45p) TMTA

TMTA: 17.0p (16p – 18p): equates to 24.93p (23.47p – 26.4p) BELL

[hedgehog 100] 04/10/2023 10:38

03/10/2023 13:30 UK Regulatory (RNS & others) TMT Acquisition PLC Statement re Possible Offer LSE:TMTA Tmt Acquisition Plc

Statement regarding possible offer for TMT Acquisition plc

The boards of TMT Acquisition plc ("TMT Acquisition") and Belluscura plc ("Belluscura") are pleased to announce that they have reached agreement on the key terms of a possible share for share offer for TMT Acquisition by Belluscura (the "Possible Offer").

The independent director of TMT Acquisition, Paul Tuson (the "Independent TMT Acquisition Director"), has confirmed to Belluscura that, should a firm offer be made on the Possible Offer Terms (as defined below), the Independent TMT Acquisition Director is minded to recommend it to TMT Acquisition shareholders, subject to the agreement by both Belluscura and TMT Acquisition of customary terms and conditions as well as the satisfactory completion of confirmatory due diligence by both Belluscura and TMT Acquisition.

Any announcement by Belluscura of a firm intention to make an offer for TMT Acquisition remains subject to the satisfaction or waiver (by Belluscura) of a number of customary pre-conditions, including, inter alia, completion of confirmatory due diligence, agreement of the detailed terms of the Possible Offer and a recommendation from the Independent TMT Acquisition Director.

Terms of the Possible Offer

The proposed terms of the Possible Offer comprise the issuance of 15 new ordinary shares of Belluscura ("Belluscura Shares") in exchange for every 22 ordinary shares of TMT Acquisition ("TMT Acquisition Shares") equalling 18,750,000 Belluscura Shares (the "Exchange Ratio"). The Exchange Ratio would imply a valuation of 21.82 pence for each TMT Acquisition Share and a 24.7% premium to the three month volume weighted average price for TMT Acquisition Shares calculated for the period ending on 2 October 2023, the last practicable date prior to the announcement of the Possible Offer (the "Possible Offer Terms").

Accordingly, on the basis of the Exchange Ratio, the Possible Offer will imply a total valuation of GBP6.0 million for TMT Acquisition.

A compelling combination which significantly increases Belluscura's ability to execute on its burgeoning sales pipeline and strategy, creating considerable value for all stakeholders of both TMT Acquisition and Belluscura

Given the introduction and significant pre-launch demand expressed for the DISCOV-R product, building on top of the continued sales progress of the X-PLOR (as outlined below), Belluscura is seeking further growth capital to fund the increased working capital required to meet these growth opportunities. The funds available within TMT Acquisition (approximately GBP4.7 million), will provide the enlarged group with additional working capital, to help meet the planned growth through to Belluscura becoming cash flow positive, which the board of Belluscura expect to be by the end of the second quarter of next year. Following completion, the Belluscura board will remain in place and the directors of the TMT Acquisition board will step down from their roles.

Subject to the confirmatory due diligence required by Belluscura's Nominated Adviser (as is normal for the proposed appointment of any director of an AIM company), and agreement of terms in respect of the Non-Executive Director appointment letters, it is Belluscura's intention to invite both Jonathan Satchell and Paul Tuson, currently Non-Executive Directors of TMT Acquisition, to join the existing Belluscura board as Non-Executive Directors upon the Possible Offer becoming or being declared wholly unconditional, as the board of Belluscura believe each would make a positive contribution to Belluscura's board given their experience and expertise. ...

[hedgehog 100] 30/9/2023 20:00

26/09/2023 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Directorate Change LSE:TMTA Tmt Acquisition Plc

TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, is pleased to announce that Paul Tuson will join the Board of TMT Acquisition as a Non-Executive Director with immediate effect.

Paul qualified as a chartered accountant at KPMG, with over twenty years' post-qualification experience, he has served as Chief Financial Officer as well as Non-Executive Director on a number of AIM quoted companies in the media and technology industries. Over this period, he has led successful IPOs, fundraisings and venture capital exits.

Paul served as a Non-Executive Director of AIM quoted financial services company, Harwood Wealth Management Group plc, from March 2016 to April 2020 when it was acquired by Hurst Point Group, now Argentis Group Limited. He was Finance Director and then Chief Financial Officer of Proton Partners International Limited (now Rutherford Health plc), the group committed to providing innovative cancer care to patients and led its IPO on NEX Exchange (now Aquis Exchange) in February 2019. Paul resigned from the Board of Rutherford Health plc in August 2019.

Harry Hyman, Non-Executive Chairman of TMT Acquisition, commented: "It is a pleasure to welcome Paul to the Board of TMT Acquisition. Paul brings with him a wealth of experience from his time spent in both the public and private spheres; he will be a fantastic addition to the Board."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

[hedgehog 100] 12/8/2023 10:56

Hedgehog 100 9 Jan '23 - 15:22 - 13 of 18 Edit 0 0 0
"Bowen Fintech (BWN), a not dissimilar shell to TMTA, floated just over a couple of months ago, and highlights TMTA's value.
BWN raised £2M. gross in its float, at 4p/share, and its current share price is over 50% higher: 6.25p/share, market cap. £3.44M.
TMTA meanwhile has today recovered to its float price of 20p/share, but this is still a market cap. of just £5.5M., compared to its net cash of £4.75M. as at 30.9.22. ..."


BWN has since moved up to 11p, market cap. £6.05M., despite not issuing a RNS for over five months.

This further highlights TMTA's value.


Bowen Fintech (BWN):-

[hedgehog 100] 14/7/2023 11:41

14/07/2023 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Final Results LSE:TMTA Tmt Acquisition Plc

Results for the year ended 31 March 2023

TMT Acquisition, (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, today announces its results for the year ended 31 March 2023.

Financial Highlights

-- Net cash and financial assets as at 31 March 2023 of GBP 4,749,604 (2022: net cash of GBP4,804,060)
-- Net assets as at 31 March 2023 of GBP4,717,188 (2022: GBP4,777,275)
-- Operating loss and loss before tax of GBP60,087 (2022: GBP101,532)
-- Basic and diluted loss per share of 0.22 pence (2022: 0.74 pence)

Harry Hyman, Chairman of TMT Acquisition, commented:

"We are proactively engaged with suitable targets and have identified at least one opportunity. We have been engaged with businesses within the TMT sector that are both disruptive digitally enabled media and technology businesses in the financial services and regulated sectors."

"When assessing these opportunities, we have been focused on attractive revenue growth and a clear pathway to high quality earnings."

... In addition, and as detailed in the prospectus at the time of listing, the range of characteristics for the target company, include:

-- Management's track record of creating shareholder value;
-- Management's deep industry knowledge and relationships;
-- Long term growth prospects and attractive competitive dynamics;
-- Leading market positions;
-- Quality of earning, including recurring/repeat revenue streams, operational leverage and ability to generate strong free cash flow; and
-- Key market criteria to include but not limited to opportunities for value accretive acquisitions to create end-to-end solutions; acceleration in growth from new products and services or new markets; and accelerating the execution of their go-to-market strategy.

On behalf of the Board, I would like to thank all our shareholders for their continued support. We have identified at least one acquisition opportunity and look forward to updating the market in due course. ...

[hedgehog 100] 13/1/2023 17:46

Note that due to recent changes in listing rules, 'new' main-listed shells can only float with a £30M.+ market cap. (previous minimum only £0.7M.) ... unless they completed their FCA submission by 2.12.21, in which case they can float at the old minimum up until 2.6.23.

So the supply of small main-listed shells like TMTA will gradually dry up, increasing their scarcity value.

[hedgehog 100] 12/1/2023 10:58

An RTO is simply an alternative way to float on the stock market, and some of the world's largest companies have come to market via this route.

Including WPP, current market cap. over £9 billion:-

" ... WPP plc is a British multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It was the world's largest advertising company, as of 2019.[4] WPP plc owns many companies, which includes advertising, public relations, media, and market research networks such as AKQA, BCW, CMI Media Group, Essence Global, Finsbury, Grey, Hill+Knowlton Strategies, Mindshare, Ogilvy, Wavemaker, Wunderman Thompson, and VMLY&R. It is one of the "Big Four" agency companies, alongside Publicis, Interpublic Group of Companies, and Omnicom.[5] WPP has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index.[6]

The company was founded as Wire and Plastic Products plc to manufacture wire shopping baskets in 1971. In 1985 Martin Sorrell and Preston Rabl,[9] searching for a listed company through which to build a worldwide marketing services company, bought a controlling stake. ..."




Note that the RTO route may have attractions to the IPO route that may give it additional 'value' to a company wishing to float:-

• A requirement to give away less equity than in an IPO.

• Potentially more speed and certainty - an aborted IPO due to market conditions could be very expensive, and time is money.

• The 'shellmeisters' may also have attractive business acumen, contacts, and 'clout', that may be attractive to the floating company.

[hedgehog 100] 11/1/2023 15:28

TMTA could potentially be looking to RTO something much bigger than the average RTO, on the basis of:-

• The billion-pound track record of TMTA's chairman Harry Hyman.
• TMTA's institutional shareholders (institutional shareholders are comparatively unusual for a small shell).
• TMTA's significantly greater cash than the average small shell.
• The period of fifteen months since TMTA's floatation (smaller RTOs tend to be effected faster than larger RTOs).

And if the company floating is valued at hundreds of millions, then a shell premium to cash of a few £millions may be just 1% of the expanded equity, which is comparatively insignificant.

[hedgehog 100] 09/1/2023 15:22

Bowen Fintech (BWN), a not dissimilar shell to TMTA, floated just over a couple of months ago, and highlights TMTA's value.

BWN raised £2M. gross in its float, at 4p/share, and its current share price is over 50% higher: 6.25p/share, market cap. £3.44M.

TMTA meanwhile has today recovered to its float price of 20p/share, but this is still a market cap. of just £5.5M., compared to its net cash of £4.75M. as at 30.9.22.


31/10/2022 07:00 UK Regulatory (RNS & others) Bowen Fintech PLC Admission to Trading and First Day of Dealings LSE:BWN Bowen Fintech Plc

"Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations market with a focus on the financial services sector, is pleased to announce the admission of its ordinary shares of nominal value 1p each (the "Ordinary Shares") to listing on the standard segment of the Official List of the Financial Conduct Authority and that trading in its Ordinary Shares will commence on the main market for listed securities of the London Stock Exchange at 8.00 a.m. today, under the ticker BWN ("Admission") and with the ISIN number GB00BMYX7295.

The Company has successfully raised gross proceeds of GBP2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue. ..."




Bowen Fintech (BWN):-

[hedgehog 100] 05/1/2023 15:18

04/01/2023 08:46 UK Regulatory (RNS & others) TMT Acquisition PLC Director/PDMR Shareholding LSE:TMTA Tmt Acquisition Plc

"TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, has been notified that on 3 January 2023 Harry Hyman, Jonathan Satchell and James Serjeant, each Non-Executive Directors and persons discharging managerial responsibilities (a "PDMR") of the Company, respectively purchased 40,000 ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") at a price of 18.25 pence per Ordinary Share (the "Purchase"). Details of the Purchases and resultant shareholdings for each PDMR are set out below:

Director/PDMR Number of Number of Price per Number of Percentage
Ordinary Ordinary Ordinary Ordinary Shares of Ordinary
Shares currently Shares Purchased Share Purchased held following Shares held
held the Purchase following
the Purchase

Harry Hyman 1,225,000 40,000 18.25p 1,265,000 4.60%
------------------ ------------------ ----------------- ----------------- --------------
Jonathan Satchell 1,250,000 40,000 18.25p 1,290,000 4.69%
------------------ ------------------ ----------------- ----------------- --------------
James Serjeant 750,000 40,000 18.25p 790,000 2.87%"




So TMTA's 'three shellketeers' have all just significantly topped up their holdings ... nudging up the share price on Tuesday by 0.5p, to 19.5p (18 - 21p spread).


"Introducing your Directors.

The Board, collectively, has significant experience in establishing and growing businesses along with significant experience of managing public companies and risks associated with such ventures both operationally and financially."

"Harry Hyman
Non-Executive Chairman"

"James Serjeant
Non-Executive Director"

"Jonathan Satchell
Non-Executive Director"

[hedgehog 100] 31/12/2022 15:15

A good end to the trading year yesterday for TMTA, closing up 1.5p at 19p, it's highest share price since the spring.

And it looks like nearly £19K. was invested, in just two trades.

Though interestingly, the share price wasn't marked up until sometime later in the day, rising at and shortly after noon, shortly before the market closed early at 12.30p.m.


Share Price: 19.00 Bid: 18.00 Ask: 20.00 Change: 1.50 (8.57%)

Recent Share Trades for Tmt Acqu (TMTA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
30-Dec-22 08:19:13 18.00 75,000 Unknown* 16.00 19.00 13.50k O
30-Dec-22 08:53:26 18.00 30,000 Buy* 16.00 19.00 5,400 O

[hedgehog 100] 25/11/2022 13:35

23/11/2022 07:44 UK Regulatory (RNS & others) TMT Acquisition PLC Interim Results 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 ended 30 September 2022.

Financial Highlights

-- Net cash as at 30 September 2022 of GBP 4,750,869

-- Net assets as at 30 September 2022 of GBP 4,731,814

-- Operating loss and loss before tax of GBP 45,461

-- Basic and diluted loss per share of GBP0.00

Harry Hyman, Non-Executive Chairman of TMT Acquisition, said:

" The impact of the conflict in Ukraine combined with global inflation and rising interest rates has adversely affected global equity markets, resulting in significantly lower valuations, particularly for technology stocks. These macro events and subsequent reduction in valuations are presenting investment opportunities for the Board to evaluate, and we have seen an increase in the number of opportunities in recent weeks and months.

We continue to apply a disciplined approach when evaluating opportunities, focusing on the quality of earnings and the calibre of the management team, with the objective to generate attractive long-term returns for shareholders. We have continued to look at opportunities in the technology space and we hope to have identified a suitable acquisition in the next 6 months or so. We have just under GBP5m available to invest in a suitable target company looking for a listing.

With the rise in interest rates the Board has recently assessed various product offers to maximise the return on cash on deposit. The directors believe current rates will broadly offset the ongoing administrative expenses and listing fees.

We believe that our strong cash position, the current economic downturn combined with our disciplined and patient approach, puts us in a prime position to execute on our strategy.

Finally, I would like to take this opportunity to thank all my fellow shareholders for their continued support" ...

[hedgehog 100] 27/9/2022 16:35

The cash shell TMOR (a similarly-tickered shell to TMTA) announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably have been top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-


23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc

"Proposed Acquisition of Megasteel Limited and Suspension of Trading ...

-- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash

Background

Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ...

Nigel Roberts, CEO of Megasteel Ltd added:

"We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this.

Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ...

We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!"

[hedgehog 100] 08/8/2022 09:40

TMTA non-exec. director Jonathan Satchell also has a very impressive track record:-

"Jonathan Satchell
Non-Executive Director

Jonathan Satchell is Chief Executive of Learning Technologies Group plc (“LTG”). LTG is listed on the AIM market of London Stock Exchange (LTG.L) and headquartered in London. LTG is at the forefront of innovation and best-practice in the learning and talent software sector, and has received numerous awards for its achievements both corporately and for clients.

Jonathan has worked in the training industry since 1992. In 1997 he acquired EBC, which he transformed from a training video provider to a bespoke e-learning company. The company was sold to Futuremedia in 2006. He became interim MD of Epic in 2007 and the following year he acquired the Company with LTG’s chairman. He oversaw the transformation of Epic from a custom content e-learning company to the global, fast growing, full service digital learning and talent management company that LTG has become. Jonathan is also non-executive director of Zappar, the world’s leading augmented reality platform and creative studio."




LTG's current market cap. is £1.058 billion, at 133.8p/share.

And LTG 40-bagged from its RTO price of 5.88p/share to its high of about 236p last year.


simon gordon 8 Nov '13 - 10:07 - 1 of 2726 0 1 0

"Tech Market View - 8/11/13:

Epic – what goes around comes around

It’s been many years since I last wrote about Brighton-based Epic Group the then self-styled “UK’s leading e-learning company”, in an era when e-learning and so-called ‘learning management systems’ were all the rage. Since then, Epic has had an ‘interesting’ corporate life, including nearly a decade on AIM until it was sold off to publisher Huveaux (now Dods Group) in 2005 for nearly £23m. Epic was sold on three years later to entrepreneurs Martin Sorrell and Andrew Brode for under £5m.

Well, that looked like a good punt as Epic returned to AIM today by reversing into cash shell In-Deed in a £16.5m deal (5.88p per share + £1.3m cash), and now trades as Learning Technologies Group (LTG). Messers Satchell and Brode assume the mantles of CEO and non-exec chairman respectively. Epic turned over a shade under £7m last year (to 31st Dec. ’12) and made a net £532k profit.

The explosion of rich-media and mobile technologies could well spur a renewed interest in the e-learning space, or perhaps more broadly, interactive content distribution. Epic (in the guise of LTG) is now back on our radar!"




Learning Technologies Group (LTG):

[hedgehog 100] 26/7/2022 08:03

A couple of key points from the Chairman's statement today:-

"The recent resets of pricing in technology stocks in our view works to the company's advantage."

" ... we look forward to updating the market on our progress."




That first point supports the view that I set out at the start of post 1 above:-

Hedgehog 100 22 Jul '22 - 17:44 - 1 of 6 Edit 0 0 0
"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. ..."


As regards deal progress, the company is keeping its cards close to its chest, as is to be expected re such negotiations.

But 'reading between the lines', positive progress seems to have been made in the last eight months, and we could well receive some good news in the near future.


Cashburn is relatively low, and the market cap. of £4.95M. is barely above the current cash balance.

While the share price of 18p is a 10% discount to TMTA's IPO floatation price.


And the icing on the cake is the institutional share ownership here, which is quite unusual for a shell, and is a sign of Harry Hyman's 'pulling power'.

These institutions should be keen to add to their positions at a good RTO, and at a premium to their previous investments at 20p.

[hedgehog 100] 24/7/2022 09:56

So Derriston Capital (DERR) floated as a shell at 10p/share, whereas TMTA floated at 20p/share.

Therefore DERR's quick rise to 16.5p after agreeing its RTO deal would equate to TMTA rising to 33p.

And if a good growth company is acquired on good terms, then this could fuel much higher rises going forward.

[hedgehog 100] 23/7/2022 13:35

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.

[hedgehog 100] 23/7/2022 10:40

"Harry Hyman
Non-Executive Chairman

Harry Hyman is a chartered accountant. He is the founder and CEO of Primary Health Properties PLC (“PHP”) a FTSE250 Listed company that specialises in the ownership of property leased on a long term basis to primary care providers in the UK and Ireland. PHP has a property portfolio of over £2.6bn and a consistent record of growth. ..."




PHP's current market cap. is £1.914 billion, at 143.5p/share.

[hedgehog 100] 23/7/2022 08:57

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. ..."

[hedgehog 100] 22/7/2022 16:44

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.

[hedgehog 100] 22/7/2022 16:30

Current share price 22nd. July 2022: 18p
27,500,000 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 [phone]
Vox Markets - Investor Relations [e-mail]
Kat Perez