TMT Investments (LON:TMT) Hits New 1-Year High – Still a Buy?

TMT Investments PLC (LON:TMT) shares hit a new 52-week high on Monday . The stock traded as high as GBX 3.58 and last traded at GBX 3.24, with a volume of 95350 shares traded. The stock had previously closed at GBX 3.

TMT Investments Price Performance

The firm has a market cap of £990,370.80, a P/E ratio of 0.06 and a beta of 0.96. The company’s 50-day simple moving average is GBX 2.55 and its 200 day simple moving average is GBX 2.54.

TMT Investments declared that its Board of Directors has approved a share buyback plan on Wednesday, May 20th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication 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.