TMT Investments (LON:TMT) Stock Price Up 3.4% – Time to Buy?

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

TMT Investments Trading Up 3.4%

The company has a market capitalization of £794,742.00, a price-to-earnings ratio of 0.05 and a beta of 0.94. The firm’s 50 day moving average price is GBX 2.44 and its two-hundred day moving average price is GBX 2.54.

TMT Investments declared that its board has authorized a stock repurchase program on Wednesday, May 20th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About TMT Investments

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.