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Friday, July 5, 2013

TMT Investments - Further Outstanding Progress

TMT Investments

Further Outstanding Progress

  • TMT Investments continues to make outstanding progress.
  • The firm has seen its portfolio company, rollApp, increase in value and has secured an attractive return on the divestment of another of its companies, Todoroo, to internet giant Yahoo!.
  • The venture capitalist has also announced the conversion of its promissory note in a further exciting portfolio company, Wrike, into common shares.
  • Investments’ unparalleled ability to identify high-growth internet-based companies across a variety of sectors, and we remain confident that it has the long-term potential to generate an attractive rate of return for shareholders.
  • Accordingly, with TMT Investments offering investors the opportunity to get involved in early-stage/high-growth internet-based companies, our stance is buy.

Click to Download Full Report

Table: Financial overview
Year to 31st Dec.
2009A
2010A*
2011A
2012A
Revenue ($)
NA
0
8,199
315,049
EBIT ($)
NA
(27,479
(560,981)
(1,002,402)
PBT ($)
NA
(26,879)
(442,591)
(875,151)
Comprehensive income($)
NA
(26,879)
(442,591)
(1,130,077)
NAV ($)
NA
19,609,368
19,175,197
26,933,458
Notes: *As TMT Investments was incorporated on 30th September 2010, its 2010 financial year results span only a 3-month period.

Buy
Key data
Price
$1.69
52 week high/low
$1.80 / $1.40
Primary exchange
LSE
EPIC
TMT
Shares in issue
24.79m
Market Cap
$41.77m
Sector
Financial
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