TMT Investments (LON:TMT) Stock Price Down 1.3% – Should You Sell?

TMT Investments PLC (LON:TMT)’s stock price fell 1.3% during mid-day trading on Wednesday . The company traded as low as GBX 2.96 and last traded at GBX 2.96. Approximately 5,158 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 26,268 shares. The stock had previously closed at GBX 3.

TMT Investments Stock Performance

The company has a market capitalization of £904,783.20, a P/E ratio of 0.06 and a beta of 0.94. The stock has a 50 day moving average price of GBX 2.53 and a 200 day moving average price of GBX 2.54.

TMT Investments declared that its board has authorized a stock buyback plan on Wednesday, May 20th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board 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.