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An update from TMT Investments ( (GB:TMT) ) is now available.
TMT Investments Plc has announced significant developments in its portfolio, highlighting a positive revaluation of its investment in Scale AI, Inc. following a major investment from Meta Platforms, Inc. This revaluation has resulted in a 138% increase in the fair value of TMT’s holding in Scale. Additionally, TMT has partially disposed of shares in Bolt Technology OÜ, realizing a cash consideration of US$0.8 million and a revaluation uplift of US$9.7 million. However, the company also reported a negative revaluation of its investment in Backblaze Inc. due to market volatility, resulting in a US$2.9 million reduction in fair value. Despite these fluctuations, TMT’s portfolio continues to show promising business progress, presenting potential investment opportunities for stakeholders.
More about TMT Investments
TMT Investments Plc is a venture capital company that invests in high-growth technology companies globally, focusing on core specialist sectors. Established in 2010, TMT boasts a portfolio of over 50 companies and net assets valued at US$206 million as of December 2024. The company aims to generate attractive returns for shareholders primarily through capital appreciation and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 11,183
Technical Sentiment Signal: Sell
Current Market Cap: $72.02M
See more insights into TMT stock on TipRanks’ Stock Analysis page.