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

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

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

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

TMT Investments Price Performance

TMT Investments stock opened at GBX 3.54 on Thursday. TMT Investments PLC has a fifty-two week low of GBX 2.06 and a fifty-two week high of GBX 3.80. The firm’s 50 day simple moving average is GBX 3.34 and its 200-day simple moving average is GBX 2.76. The company has a market cap of £1.07 million, a P/E ratio of 0.07 and a beta of 1.02.

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 repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is 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.