TMT Investments (LON:TMT) Insider Alexander Selegenev Acquires 12,100 Shares of Stock

TMT Investments PLC (LON:TMT) insider Alexander Selegenev bought 12,100 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of GBX 355 per share, for a total transaction of £42,955.

Alexander Selegenev also recently made the following trade(s):

• On Wednesday, September 9th, Alexander Selegenev acquired 7,900 shares of TMT Investments stock. The shares were bought at an average cost of GBX 340 per share, for a total transaction of £26,860.

TMT Investments Stock Down 1.4%

Shares of LON:TMT opened at GBX 3.54 on Thursday. The firm has a fifty day moving average of GBX 3.34 and a two-hundred day moving average of GBX 2.76. TMT Investments PLC has a 12-month low of GBX 2.06 and a 12-month high of GBX 3.80. The firm has a market capitalization of £1.07 million, a P/E ratio of 0.07 and a beta of 1.02.

TMT Investments announced that its board has authorized a share buyback program on Wednesday, May 20th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors 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.