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TMT Investments ( (GB:TMT) ) has provided an announcement.
TMT Investments Plc reported stable net asset value for 2024, despite challenges in the tech venture capital market and macroeconomic instability. The company saw positive revaluations in several portfolio companies, including Praktika.AI, which achieved a significant return. However, it also faced write-downs in others, notably Backblaze, due to market volatility. TMT continues to selectively invest in promising companies, particularly in the AI segment, while maintaining a prudent approach to its portfolio management. The company remains well-positioned with cash reserves to navigate current market conditions and maximize shareholder value.
More about TMT Investments
TMT Investments Plc is a venture capital firm that invests in high-growth technology companies globally across core sectors such as Big Data/Cloud, SaaS, Mobility, and FinTech. Founded in 2010, it has a portfolio of over 50 companies and is listed on the AIM market of the London Stock Exchange. The company’s primary objective is to generate attractive returns for shareholders through capital appreciation.
YTD Price Performance: -12.83%
Average Trading Volume: 7,840
Technical Sentiment Signal: Buy
Current Market Cap: $83.35M
For an in-depth examination of TMT stock, go to TipRanks’ Stock Analysis page.