TMT Investments (TMT)

Sector:

Investment Firms

$ 10.85
   
  • Change Today:
    $-0.15
  • 52 Week High: $12.15
  • 52 Week Low: $3.20
  • Currency: US Dollars
  • Shares Issued: 419.06m
  • Volume: 2,174
  • Market Cap: $4,546.77m
  • RiskGrade: 92

TMT Investments sees NAV slip in first half

By Josh White

Date: Tuesday 15 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Technology-focussed venture capital company TMT Investments reported a net asset value per share of $3.46 (£2.68) in its first half on Tuesday, making for a decrease of 1.7% from its year-end figure for 2019.
The AIM-traded firm said the Covid-19 pandemic had a "mostly neutral or positive" effect on its portfolio companies, reporting $1.57m in positive revaluations on PandaDoc and HealthyHealth, and $2.75m in impairments on Le Tote.

It said the majority of its portfolio companies had continued to grow at double digits, with some investees specifically benefiting from the coronavirus-related market changes, including MEL Science, Vinebox, Legionfarm, Hugo, ClassTag and Scentbird.

A number of portfolio companies also raised capital in the six months ended 30 June at "significantly higher" conversion caps, creating future revaluation upside potential, including Bolt, Legionfarm, and ClassTag.

Two new investments were made in the first half, the board noted, being ClassTag and 3S Money Club.

Since the period ended. TMT said it had completed a further six investments in new companies, being Moeco, Volumetric, and Feel Holdings, and existing ones, including Pipedrive, Hugo, and Scentbird, adding that it remained "well-funded" to continue to expand and support its investment portfolio.

"We are pleased to see that the majority of our portfolio companies continue to grow in double digits and that a number of them are directly benefiting from Covid-related market changes," said executive director Alexander Selegenev.

"Demand among investors to invest in the tech winners of tomorrow remains very strong and competition to invest in the best companies at attractive valuations is fierce.

"We have continued to diligently scour and research the market during this turbulent time, in the belief that crises can generate excellent investment opportunities."

Selegenev said that had led to two new investments during the period in companies that were growing strongly.

"We expect a number of positive revaluations across our portfolio in the next months and will update shareholders on relevant developments as appropriate."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TMT Investments Market Data

Currency US Dollars
Share Price $ 10.85
Change Today $ -0.15
% Change -1.36 %
52 Week High $12.15
52 Week Low $3.20
Volume 2,174
Shares Issued 419.06m
Market Cap $4,546.77m
RiskGrade 92

TMT Investments Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.15% below the market average41.15% below the market average41.15% below the market average41.15% below the market average41.15% below the market average
54.23% below the sector average54.23% below the sector average54.23% below the sector average54.23% below the sector average54.23% below the sector average
Price Trend
96.43% above the market average96.43% above the market average96.43% above the market average96.43% above the market average96.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
99.74% above the market average99.74% above the market average99.74% above the market average99.74% above the market average99.74% above the market average
98.78% above the sector average98.78% above the sector average98.78% above the sector average98.78% above the sector average98.78% above the sector average

TMT Investments Dividends

  Latest Previous
  Special Special
Ex-Div 18-Jul-19 03-Nov-16
Paid 31-Jul-19 18-Nov-16
Amount 20.00¢ 10.00¢

Trades for 05-Aug-2021

Time Volume / Share Price
14:14 250 @ $10.60
13:18 400 @ $10.60
12:52 473 @ $10.50
12:00 764 @ $10.60
09:26 287 @ $10.62

TMT Investments Key Personnel

Chair Yuri Mostovoy

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