Share Name Share Symbol Market Type Share ISIN Share Description
Tmt Investments Plc LSE:TMT London Ordinary Share JE00B3RQZ289 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.55 -4.93% 10.60 3,578 14:42:34
Bid Price Offer Price High Price Low Price Open Price
10.50 11.10 10.90 10.60 10.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 75.11 257.35 4.1 309
Last Trade Time Trade Type Trade Size Trade Price Currency
14:42:12 AT 1,000 10.60 USD

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Tmt Investments Daily Update: Tmt Investments Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker TMT. The last closing price for Tmt Investments was US$11.15.
Tmt Investments Plc has a 4 week average price of US$8.70 and a 12 week average price of US$8.70.
The 1 year high share price is US$12.90 while the 1 year low share price is currently US$3.20.
There are currently 29,185,831 shares in issue and the average daily traded volume is 1,132 shares. The market capitalisation of Tmt Investments Plc is £309,369,808.60.
sev22: Here is Simon Thompson's recommendation in full from yesterday: NAV per share surges 23 per cent in first six months of 2021. Massive valuation uplifts on stakes in Bolt and PandaDoc following successful equity funding rounds. Profitable exits from two investee companies. 20 investments worth $21.4m made in 2021. TMT Investments (TMT:898¢), a venture capital company that invests in high-growth, internet-based companies, has reported a 23 per cent rise in net asset value (NAV) from $177.9m to $218.6m (749¢ a share) in the first six months of 2021, buoyed by eye-watering gains on two its largest holdings. The major contributors were global ride-hailing and food delivery company Bolt ($30m valuation uplift to $66.2m on TMT’s 1.42 per cent stake), and proposal automation and contract management software provider PandaDoc ($10.4m uplift to $14m on TMT’s 1.32 per cent). Both investee companies completed equity funding rounds at significant premiums to the pre-money valuations used in TMT’s carrying valuations, thus highlighting the conservative nature of its accounting practises. True, there was no movement on TMT’s second-largest holding, a 9.97 per cent stake in cloud storage provider, Backblaze, which remains valued at US$56m (192¢). However, in the event of an IPO of the company, as seems highly likely, the stake could easily be worth double TMT’s carrying value as I reported at the end of last year (‘Exploiting share price dislocations’, 7 December 2020). Moreover, it would wipe out TMT’s current 20 per cent share price premium to NAV at a stroke. Importantly, there was enough movement on smaller holdings to suggest that TMT’s investment managers have been working their magic again, successfully recycling the US$41m cash proceeds from last December’s exit from customer relationship management software tool developer Pipedrive. For example, TMT’s 1.22 per cent stake in Novakid, an English language school for children, has been revalued from $500,000 to $2.3m after the company completed a new equity funding round. TMT only made its investment last November. In addition, 3S Money Club, a UK-based bank challenger providing corporate clients with multi-currency bank accounts, completed a new equity funding round which led to an uplift of $1.9m (to $5.2m) in the fair value of TMT's investment. The company first invested in April 2020. In the first half, the investment managers made $14.1m of investments across 13 new and existing portfolio companies, and have completed a further seven investments, worth $8.3m, since the 30 June 2021 period end including: a further $640,000 in Novakid; $2m in Collectify, a tech-enabled patient billing platform; $1.1m in VertoFX, a UK-based cross-border payments and foreign exchange solution that is rapidly expanding in Africa; and $1m in Academy of Change, a personalised educational service for women on lifestyle topics. TMT still has $14.2m of cash reserves to deploy, so expect further investments to be made. In my opinion, there is clear potential for TMT to realise further material investment gains on its portfolio of 45 investee technology companies, the majority of which are focused on big data/cloud, e-commerce, SaaS (software-as-a-service), marketplaces and EdTech, areas that are benefiting from the accelerated shift to online consumer habits and remote working. Indeed, the tech venture capital investment space is one of the few beneficiaries of the new market environment caused by Covid-19. Importantly, the general trends in the digital technology sector are also leading to highly profitable exit opportunities – TMT booked $1.6m of gains in the first half from two full exits, for example. TMT’s shares have risen from 318¢ to 870¢ on an offer-to-bid basis since I turned buyer again 13 months ago (‘On the hunt for recovery buys’, 6 July 2020), albeit the share price has pulled back from the 1,100¢ level when I suggested running profits ahead of this month’s results (‘Bargain shares: Tapping into high growth technology stocks’, 6 July 2021). The share price subsequently hit 1,290¢ after that July article was published before profit taking took hold. I think it has now run its course. So, with TMT’s shares currently priced around 900¢, the risk-reward is skewed to the upside once again for a company that has generated an eye-catching NAV-based internal rate of return (IRR) of 34.2 per cent over the past five years, and increased NAV per share 650 per cent since IPO in December 2010. TMT has paid out special dividends from realisations, too. Please note that 81.8 per cent of the 29.2m shares in issue are owned by the 10 largest shareholders in the $263m market capitalisation company, so a below-average free float means that the shares can be volatile. I have taken factor this into account. STRONG BUY.
sev22: Bargain Shares: 'On the technology beat.' A venture capital company that invests in high-growth, internet-based companies has increased NAV per share by 23 per cent in the past six months, and has clear potential to generate further material gains. Tipped by Simon Thompson in the IC this morning. Forecasting a return to previous highs of 1,290¢ in the short term.
andrbea: TMT due to appear Https://www.proactiveinvestors.co.uk/register/event_details/343
petrossian: This may explain why https://www.investorschronicle.co.uk/ideas/2021/04/08/five-investment-company-bargains/ TMT’s eye-catching results 163 per cent valuation uplift on Backblaze shareholding. US$41m Pipedrive exit realises 51 times original investment. Cash recycled into exciting new investments. Annual results from TMT Investments (TMT:738¢), a venture capital company that invests in high-growth, internet-based companies, fully justified my decision to turn buyer on the shares, at 318¢ (‘On the hunt for recovery buys’, 6 July 2020). Net asset value (NAV) per share surged by 73 per cent to US$178m (610¢ a share), buoyed by a US$29.3m gain on the sale of TMT’s holding in customer relationship management (CRM) software tool developer Pipedrive. Other major contributors were global ride-hailing and food delivery company Bolt (US$14.1m valuation uplift), and cloud storage company Backblaze (US$34.8m uplift). Since admission to Aim in December 2010, TMT has invested in over 65 companies, realised 14 profitable full and partial exits, and increased NAV per share 6.4 times including dividends. The portfolio of 35 companies has real potential to deliver further material gains especially as TMT’s 10.85 per cent holding in Backblaze is still only valued at US$56m (192¢). The holding could double in value again if Backblaze gets anywhere near to achieving a rumoured US$1bn IPO (‘Exploiting share price dislocations’, 7 December 2020), a valuation supported by forecast growth in the global cloud storage service market from $50.1bn to $137.3bn by 2025 (MarketsandMarkets estimates). TMT’s astute investment managers have been deploying a cash-rich balance sheet to make 16 investments including an additional US$0.5m in Scalarr, a machine learning-based fraud detection solution focused on the advertising market; US$0.5m in NovaKid and US$0.75m in Virtual Mentor, online schools for children learning English; and US$0.3m in perfume, wellness and beauty product subscription service Scentbird. The short-term impact of the Covid-19 pandemic on Scentbird’s revenues has been positive as the company continues to grow its annualised revenue at double-digits, and its subscriber base now exceeds 400,000, up 20 per cent year on year. TMT’s holding has doubled in value to US$6.6m in the past 12 months. The same is true for TMT’s fifth largest portfolio holding, proposal automation and contract management software provider, PandaDoc. Its solutions, which enable sales teams to remotely manage their selling processes “from propose to close”, have become even more relevant since the Covid-19 pandemic, so much so that following a recent equity round TMT’s investment has been revalued upwards by 63 per cent to US$3.6m. The bottom line is that with material gains likely to be realised on a conservatively valued portfolio, and net cash of US$34.6m providing ample firepower to fund more investments, the 16 per cent share price premium to NAV should be more than wiped out this year. Buy.
warno01: Very good news. Been in this at $4.02 a share for a year with lots of movement. Think this should move to >$5 per share since it's been trading at about 15% above NAV. If you add a $ to the $3.46 NAV and then 15% we're in $5.10 territory
petrossian: Did people see this? $41m cash exit for Pipedrive stake!! Shares have moved up but likely more to go as other investments crystallize and exit as well as new ones made and in pipeline. Very impressive! https://www.investegate.co.uk/tmt-investments--tmt-/rns/us-41m-disposal-of-interest-in-pipedrive/202011121428201661F/
petrossian: Simon Thompson at IC backing TMT again, full article in their news section. Share price up already but could be lot more to to go. hxxps://tmtinvestments.com/
andrbea: from LSE board hillybilly Posts: 5 Price: 4.20 No Opinion RE: Tipped by Simon ThompsonToday 14:38 There can be a lot of unrealized value in these these types of companies and then suddenly they announce a bit exit and share price rockets. TMT has been going since 2010 and know what they're doing, very picky what they invest in I reckon. Some of the big ticket investments now coming to fruition like Wrike last year they did an exit for $23m just for their stake. Pipedrive could be next.
andrbea: From earlier in the year: Nitbhav06 16 Jan '20 - 06:31 - 32 of 37 0 0 0 Not sure if anyone is following Bolt but they are raising money to expand into Europe now and are also launching an Uber eats type of service. Imagine if they are able to scale like Uber at c. $79bn market cap. I think Tmt current market cap could be the value of Bolt investment in a few years time. Unbelievable company is Bolt. andrbea 4 Feb '20 - 12:18 - 33 of 37 Edit 0 0 1 Jan 16 Https://www.cityam.com/european-investment-bank-backs-uber-rival-bolt-with-e50m-venture-debt/ Nitbhav06 30 Sep '19 - 06:43 - 29 of 38 0 0 0 What a brilliant company this could be. I think if Bolt hits its potential. That investment alone could justify our current market cap. If Bolt is valued at around $5bn in say 6 years, it gives our holding a value of $81.5m. This is a 10 year hold for me so a few more Bolt type of investments and realising these is enough. My view is that as long as TMT keep finding these gems, it will increase there credibility and people will buy shares thus driving share price up. My first slicing will be when market cap is $500m, then $1bn.
andrbea: hillybilly Posts: 5 Price: 3.80 No Opinion Tipped by Simon Thompson06 Jul 2020 12:48 Share price rocketing, Simon's back after TMT was his star pick in his 2019 Bargain shares portfolio Rekcons NAV per share could be well above 500¢ by the end of 2021, comapred to 352¢ at the moment. Https://www.investorschronicle.co.uk/comment/2020/07/06/on-the-hunt-for-recovery-buys/
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