TMT Investments (LON:TMT) Trading 3.4% Higher – Still a Buy?

TMT Investments PLC (LON:TMT)’s stock price traded up 3.4% on Wednesday . The stock traded as high as GBX 2.60 and last traded at GBX 2.60. 3,718 shares were traded during mid-day trading, a decline of 85% from the average session volume of 24,714 shares. The stock had previously closed at GBX 2.52.

TMT Investments Stock Down 2.5%

The firm has a market capitalization of £747,974.49, a price-to-earnings ratio of 0.05 and a beta of 0.94. The firm has a 50 day moving average of GBX 2.44 and a two-hundred day moving average of GBX 2.54.

TMT Investments declared that its board has approved a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

TMT Investments Company Profile

Admitted to AIM in 2010, TMT Investments Plc manages a global investment portfolio of over 50 tech companies focused primarily on Big Data/Cloud, SaaS (software-as-a-service), Mobility, and FinTech, representing net assets of US$206 million at end December 2024. The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. It seeks to realize its investments through the sale or merger of a company; the sale of securities of a company by means of public or private offerings; or the disposal of public equity investments through the stock exchanges on which they are listed.

Since inception, TMT’s portfolio has generated US$113m worth of full and partial profitable exits, of which a number were landmark multi-million dollar exits, and a 14.3% IRR (internal rate of return).

TMT’s largest holdings include mobility company Bolt, fintech 3S Money and cloud storage company Backblaze (quoted on NASDAQ).

Substantial cash exits from the exit of Wrike ($23m in 2018), Pipedrive (US$44.4m in 2020) and Depositphotos (initial cash exit consideration of US$12.9m in 2021), together with other cash exits and the proceeds of the Company’s fund raise conducted in October 2021 (which raised US$19.3m before expenses), have been reinvested into earlier and mid-stage companies as part of planning the next generation of the portfolio’s potential winners.