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TMTA

Tmt Acquisition Plc

18.50
0.00 (0.0%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Tmt Acquisition Plc LSE:TMTA London Ordinary Share GB00BN7DKC44 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 18.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
17.00 20.00 18.50 18.50 18.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Related Svcs, Nec 0.00 -0.10 -0.40 - 5.09
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 18.50 GBX
Related Shares
London Stock Exchange (LSEG), 3i (III), Mode Global (MODE), Agriterra Ld (AGTA)

Tmt Acquisition (TMTA) Latest News

Tmt Acquisition News

Date Time Source Headline
04/1/202308:46UKREGTMT Acquisition PLC Director/PDMR Shareholding
23/11/202212:01ALNCNewsTMT Acquisition loss widens; still interested in possible acquisition
23/11/202207:44UKREGTMT Acquisition PLC Interim Results
30/9/202211:03UKREGTMT Acquisition PLC AGM Statement
02/9/202210:28UKREGTMT Acquisition PLC Annual report and Notice of Annual General Meeting
26/7/202214:43ALNCNewsEARNINGS UPDATES: Franchise Brands numbers bolstered by Filta purchase
26/7/202207:00UKREGTMT Acquisition PLC Final Results

Tmt Acquisition (TMTA) Discussions and Chat

Tmt Acquisition Forums and Chat

Date Time Title Posts
13/1/202317:46TMT Acquisition: Technology-Media-Telecom Shell 16

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Tmt Acquisition (TMTA) Most Recent Trades

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Tmt Acquisition (TMTA) Top Chat Posts

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Posted at 13/1/2023 17:46 by hedgehog 100
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.
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Posted at 11/1/2023 15:28 by hedgehog 100
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.
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Posted at 09/1/2023 15:22 by hedgehog 100
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. ..."

https://uk.advfn.com/stock-market/london/bowen-fintech-BWN/share-news/Bowen-Fintech-PLC-Admission-to-Trading-and-First-D/89413847


Bowen Fintech (BWN):-
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Posted at 05/1/2023 15:18 by hedgehog 100
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%"

https://uk.advfn.com/stock-market/london/tmt-acquisition-TMTA/share-news/TMT-Acquisition-PLC-Director-PDMR-Shareholding/89901723


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"

HTTP://tmtacquisition.com/
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Posted at 31/12/2022 15:15 by hedgehog 100
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
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Posted at 25/11/2022 13:35 by hedgehog 100
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" ...

https://uk.advfn.com/stock-market/london/tmt-acquisition-TMTA/share-news/TMT-Acquisition-PLC-Interim-Results/89620448
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Posted at 27/9/2022 17:35 by hedgehog 100
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!"

https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Acquisition-Megasteel-and/89129228
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Posted at 26/7/2022 09:03 by hedgehog 100
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."

https://uk.advfn.com/stock-market/london/tmt-acquisition-TMTA/share-news/TMT-Acquisition-PLC-Final-Results/88668226


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.
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Posted at 22/7/2022 17:44 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.
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Posted at 22/7/2022 17:30 by hedgehog 100
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”)."

HTTP://tmtacquisition.com/


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@voxmarkets.co.uk
Kat Perez

https://uk.advfn.com/stock-market/london/tmt-acquisition-TMTA/share-news/TMT-Acquisition-PLC-Admission-and-First-Day-of-Dea/86254870
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