TMT Investments (LON:TMT) jumps past buyback limit while NAV gap holds
TMT Investments PLC was up 8.3% at $3.25 on Monday in light AIM trading, after closing at $3.00. The company’s delayed quote at 12:42 BST showed 13,276 shares moved in 13 trades. That’s about $43,000 in turnover at the print. With the $0.25 move, TMT picked up around $7.6 million in implied market cap, using 30.2 million shares outstanding. The screen showed a smoother move than the tape did. TMT’s investor website listed a bid at $3.30 and ask at $3.40, and a market cap of $99.7 million. The last quoted price implied a market cap closer to $98.2 million. The London market was trading, with the LSE open from 0800 to 1630 local, and the local time in London