TMT Investments - Investment in Backblaze

 

 

TMT Investments	Update 27th July 2012
Investment in Backblaze	Key data Price $1.48 52 week high/low $1.50/$0.90 Primary exchange LSE EPIC TMT Shares in issue 24.64 m Market Cap $36.47 m Sector Financial       Valuation   EV/EBITDA NA P/E NA NAV / Share 77.82 cents TNAV / Share 77.82 cents     Previous note Investment in Wrike     Future event NA       Affiliations: None     Important: All disclaimer information can be found on the last page of the document
In a move to enter the sizable and fast growing online data back-up market, TMT Investments has acquired an initial 9.86% stake in US-based Backblaze for $2.5 million. The venture capitalist continues to build a high quality and diversified portfolio of investments in companies that operate in high growth, internet based sectors. Accordingly, we remain confident that it has the potential to generate an attractive rate of return for shareholders. Click to download Full Report
Table: Financial overview Year to 31st December 2008A 2009A 2010A* 2011A Revenue ($) NA NA 0 8,199 EBIT ($) NA NA (27,479) (560,981) PBT ($) NA NA (26,879) (442,591) EPS (cents) NA NA (2.21) (0.57) Dividend (cents) NA NA 0.0 0.0 Source: Company. Notes: * As TMT Investments was incorporated on 30th September 2010, its 2010 financial year results span only a 3-month period.

 

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