Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TMT INVESTMENTS PLC. We currently have 11 research reports from 1 professional analysts.
|16Mar17 07:05||RNS||Notice of AGM|
|16Mar17 07:00||RNS||Results for the year ended 31 December 2016|
|18Jan17 14:20||RNS||Revaluation of investment in Pipedrive, Inc.|
|21Oct16 14:34||RNS||Director/PDMR Shareholding|
|20Oct16 17:05||RNS||Significant Shareholdings|
|12Oct16 07:00||RNS||Letter to shareholders|
|04Oct16 07:00||RNS||Dividend Declaration|
Frequency of research reports
Research reports on
TMT INVESTMENTS PLC
TMT INVESTMENTS PLC
A growth and value opportunity
14 Feb 17
Shares in TMT are some 20% off their year highs and trading at an 11% discount to the last reported NAV of $1.91/share as at 30 June 2016. News flow since then suggests continued positive performance of the portfolio, with the most significant reported value event being the recent revaluation of Pipedrive accretive to NAV per share by circa 14.7c. TMT invests in high growth private companies and as such valuation events are relatively infrequent for its investee companies. Anecdotal evidence from some of TMT’s portfolio suggests that there remains significant value to be unlocked from certain investments, that will not yet meet the criteria for being recognised in the portfolio valuation as at December 2016. We highlight the key news events both reported by TMT, and those relating to its portfolio companies that we have identified since the last audited NAV was published.
Small Cap Breakfast
19 Jan 17
SuperAwesome — The London based specialist in e-compliance is considering an IPO in its home town according to City A.M. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January
More value to unlock from high growth portfolio
25 Aug 16
The investor in high-growth, internet-based companies across a variety of core specialist sectors has released interim results to June 2016. Following a relatively quiet half in terms of valuation events, NAV/share remains unchanged at $1.91m. However, cash balances have been greatly reinforced by the $5.85m partial exit of Deposit Photos. This represents an approximately 5.5 times increase in the valuation of TMT's holding in Depositphotos since its original investments, or 18% since December 2016. This more than offsets impairments in WhalePath and Adinch. The cash injection has led to a much improved period end cash balance of $5.92m and facilitated three in-period investments totaling $650k and a further three postperiod investments totaling $800k. The fair value of TMT’s investments can lag the underlying growth of these exciting tech companies as valuation reviews are driven largely by funding rounds and exits. TMT expects a number of positive revaluations of its investee companies in the future and we highlight the growth profiles of some selected investments below.
Hybridan - Small Cap Wrap
01 Jul 16
AKR Distribution Agreement, AVCT Affimer Binders, AVG Return of Funds, PRSM Interim Results, COG* Distribution Agreement, FISH Placing, FITB* Board Changes, Placing and Loan Capitalisation, FUM Agreements, HCM Phase II, IGE Agreement, LRM Selected, NWF Trading Updated, PLI* Fast Track, SCH Trading Update, TMT* Invests
Active management and new opportunities
01 Jun 16
Against a market backdrop where tech IPOs in the United States have virtually ground to a halt, TMT Investments is still managing to make profitable exits and gain access to innovative opportunities to invest in high growth internet based companies. This is thanks to its solid connections in the world of private tech investing.
Another positive verdict
20 Mar 17
Burford’s results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional boost from a secondary sale in the Petersen case. On an underlying basis net income grew to $114m, a 75% increase despite the investment in growing capacity which increased costs. A combination of ongoing investment and gains and increases on valuation saw the fair value of the litigation assets increase 67% to $559m, underpinned by a growth in invested capital to $394m. With the results statement there was an announcement of a further sale of 9% of the Petersen case at a valuation of 20 times the cost of investment.
N+1 Singer - Morning Song 22-03-2017
22 Mar 17
Carador Income Fund (CIFU LN) Premium rating restored, high levels of refinancing activity | Cello Group (CLL LN) Outlook getting brighter – watch Pulsar | Eckoh (ECK LN) Largest ever US secure payments win | eg solutions (EGS LN) Full year results in line | Futura Medical (FUM LN) Licensing deal for CSD500 in Portugal | Verona Pharma (VRP LN) Global agreement with QuintilesIMS to support development of RPL554 | Xaar (XAR LN) 2016 results slightly ahead, reduced visibility in 2017
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.