Tmt Investments Share Discussion Threads

[andrbea] 10/2/2023 10:45

on LSE today

Tipped last night by Simon Thompson (IC) as part of his 2023 bargain shares portfolio.

[andrbea] 05/9/2022 14:25

up 14%, several buys in last 30 mins.

[andrbea] 18/8/2022 12:09

another 8% (and ... is trading on a massive 50 per cent discount)

[sev22] 25/3/2022 08:00

TMT’s over 50 per cent share price discount to NAV makes this an absolute bargain!

[widescreen07] 23/2/2022 16:36

Thanks for posting the piece in Investors Chronicle, very helpful. A lot of embedded value in TMT and a strong mid-long term play. Many of the recent companies TMT has invested are doing very well, though takes some time to track them all as there are so many now 50+

[sev22] 17/2/2022 15:12

TMT Investments are an investor in LegionFarm.

SAN FRANCISCO, CALIFORNIA, Feb. 15, 2022 (GLOBE NEWSWIRE) -- LegionFarm, a Y-Combinator-backed startup based out of San Francisco announced that on February 12th, 2022 it would be hosting the first ever professional fight in the Metaverse; starring MMA Legends Khabib Nurmagomedov and Max Holloway in the main event. The renowned fighters came together in the Creed: Rise to Glory multiplayer VR Boxing game while Martial Arts Legend, Daniel Cormier, acted as commentator at the event; streamed live on Twitch.

[sev22] 08/2/2022 10:32

UK’s Fintech Sector Attracts $37.3 Billion Worth of Investments in 2021:

[andrbea] 31/1/2022 10:49

a bounce at last .... was the fall due to their Russian roots (a backlash against the war worries)? Strong Nasdaq (Friday) now means recovery mode for tech investments?

[sev22] 14/1/2022 08:44

TMT Investments are highlighted in the last two paragraphs:

Peer-to-peer property lender eyes March launch (13th January 2022).

A pan-European property-only P2P lending platform is about to launch in the UK. Is the risk-reward promise too good to be true?

EstateGuru poised for March launch, FCA permit pending.

Platform says annual returns to date exceed 11 per cent.

So far, 2022 has started where 2021 ended: with inflation at multi-year highs and yields from corporate credit and bond funds stubbornly low. Faced with this outlook, many UK investors will have resolved to search for assets that can beat inflation without adding exposure to equities.

Soon they will have a new option to weigh. EstateGuru, a “marketplace” for commercial property-backed loans, is set to formally launch in the UK when it opens an office in Manchester in March.

To some, the peer-to-peer (P2P) lender’s promise will look too good to be true. Since it was founded in 2014, the pan-European platform claims to have generated an average annualised return of 11.25 per cent for its 112,000 users, with just 0.01 per cent of loans made to date written off.

A “fast and flexible” approach to underwriting also means lending is growing at a rapid rate. As of this week, the group has funded €500m-worth (£417m) of loans and plans to hit €5bn by 2025.

Credit is extended to commercial borrowers, typically for under a year, and split across bridge, project development and business finance products. Unlike other P2P platforms, EstateGuru financing is also asset-backed; residential property is offered as collateral in around half of all loans, with the rest split between land and buildings under construction and commercial real estate.

The average loan-to-value is also reassuring at just under 60 per cent, meaning a property would need to lose at least 40 per cent of its value before lenders start to lose their principal.

EstateGuru plans to offer both investor accounts and the opportunity to borrow through the site on its UK launch. For the first time, both groups will also be able to borrow from or lend to the platform’s existing European network of investors and projects.

A spokesperson said re-authorisation from the Financial Conduct Authority (FCA) is expected this quarter. While the group was first granted permission to operate by the regulator in October 2019, its licence was frozen last August as the pandemic put its original launch plans on hold. Despite this, several thousand UK-based investors – including high-net-worth individuals – have been able to fund projects in Europe.

Peer-to-peer lenders work by matching borrowers with retail investors and collecting arrangement fees or a cut of interest paid by borrowers. P2P platforms grew rapidly after the global financial crisis, as they offered higher rates to savers and better terms to borrowers than high-street banks.

The arrival of EstateGuru follows a chequered history for P2P firms in the UK. Despite participating heavily in the government-backed coronavirus support lending, Funding Circle (FCH) has struggled to turn a profit since its 2018 initial public offering, and it shares currently trade more than three-quarters below their debut price.

Other issues with P2P lenders’ models have included the ability to price credit risk while meeting targeted investor returns. Zopa, one of the best-known names in the sector, launched in 2005, but has since closed new peer-to-peer investing accounts in favour of traditional banking products to fund its loans on a more stable footing. The group could list in London later this year.

Similarly, one of the major challenges facing EstateGuru as it grows is the need to balance credit risk with investors’ desire for high returns in a market already well-supplied and understood by finance.

Historically, over two-fifths of EstateGuru loans have been made in Estonia, the small Baltic state where the group is headquartered, and which in recent years has gained prominence as a hub for fintech businesses. Wise (WISE), the London-based cross-border payments firm that joined the FTSE 100 last year, was founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus.

EstateGuru now has a presence across the Baltic states, as well as inSweden, Finland and Spain. A large proportion of loans are now originated in Germany after the group opened an office in the EU’s largest economy last year. Further expansion is also slated for the Netherlands, Italy and France.

Ross Gandy, the platform’s managing director for the UK, is confident of replicating the success in Germany, and has a target to fund £70m of loans – initially ranging in size from £50,000 to £3m – in the first year of operation. The UK office is also lining up a £300m credit line from several major banks to underwrite loan funds that can be marketed to institutional and high-net-worth investors.

Asked how the group plans to compete with incumbent lenders, Gandy points to EstateGuru’s existing infrastructure and funding knowhow, as well as speedy and light upfront credit checks, as differentiators. “Yes, it’s a very saturated [property finance] market in the UK,” he acknowledges. “But the fact we’re a fintech is a major selling point; we’re digitised, and our underwriting is a lot slicker and more simplified.”

For investors, the kitemark of FCA approval will be key. So, too, will be EstateGuru’s ability to maintain double- or high-single-digit returns.

Evidence that the group’s own funding and expansion strategy are stable are other considerations. Although EstateGuru is a private company, disclosures show it was profitable in 2020, and has since secured additional financing through the Seedrs crowdfunding platform and a €5.8m follow-on Series A funding round in which Aim-traded venture capital firm TMT Investments (TMT) participated.

At the time, TMT co-founder Artyom Inyutin lauded the company for “attracting money to real estate and at the same time making it possible to invest investors’ funds at a profit”. That solution takes on fresh significance with this push into a nation of property-obsessed (and yield-hungry) investors.

[sev22] 11/1/2022 08:49

A comment from a poster on the LSE, maybe my calculation above isn't correct:

'This morning's announcement on the fundraising round for Bolt gives a tasty uplift of $1.29 on TMT's holding (a 56% uplift - Bolt is the 2nd largest holding). This takes the approximate NAV to $10.04 - or 26% below NAV. TMT has enjoyed years of growth and has historically been around 30% above NAV. It's therefore extremely cheap in my opinion.'