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Thursday, December 20, 2012

TMT Investments - Further Demonstrating Its Investment Ability

TMT Investments

Further Demonstrating Its Investment Ability

  • TMT Investments has increased the value of its investment in video content distribution platform Virool by 25%, to $500,000, in fewer than 4 months following the conversion of its convertible promissory note into preferred shares.
  • We are pleased by this announcement as it represents an impressive return in a short period of time, and demonstrates TMT's ability to identify highly attractive, early stage investments.
  • The venture capitalist also recently increased its investment in Ninua by a further $200,000 and announced that the social internet application software developer has made some exciting progress with its mainstream Networkedblogs.com product and is ready to intensify its monetisation efforts.
  • Given all the progress made so far, we remain confident that TMT Investments has the long-term potential to generate an attractive rate of return for shareholders.

Click to Download Full Report

Table: Financial overview
Year to 31st Dec.
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
Notes: *As TMT Investments was incorporated on 30th September 2010, its 2010 financial year results span only a 3-month period.

Key data
Price
$1.63
52 week high/low
$1.63 / $0.90
Primary exchange
LSE
EPIC
TMT
Shares in issue
24.64 m
Market Cap
$40.17m
Sector
Financial
Valuation
NAV / Share
102.19 cents
TNAV / Share
102.19 cents
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