LONDON, July 6, 2026, 13:04 (BST)
- TMT Investments LON:TMT added 8.3% to $3.25 on 13,276 shares. The company’s data was showing as delayed at 12:42 BST.
- The stock trades roughly 16% over the $2.80 per share limit set by the existing buyback plan.
- TMT shares are still about 54% under the most recent NAV per share of $7.13.
- TMT hasn’t posted any new company RNS since June 24 in its latest regulatory disclosures.
TMT Investments PLC LON:TMT 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 was 1304 BST.
| Monday trading read-through | Figure | Investor read |
|---|---|---|
| Current price | $3.25 | Shares are up 8.3% from $3.00 |
| Volume | 13,276 shares | Roughly $43,000 traded at the current price |
| Shares in use | 30,210,952 | Market value works out to about $98.2 million |
| Last reported NAV per share | $7.13 | Traded at a 54% discount to NAV |
| 52-week range | $2.06-$3.55 | Stock near the high end of its yearly range |
The focus is the buyback. TMT started the program in May, planning to buy up to $2.0 million in shares, but said it won’t pay more than $2.80 each. Shares last quoted at $3.25 on Monday, putting them about 16%, or $0.45, above that cap.
Alexander Selegenev, executive director at TMT, said in a June 24 update the company’s shares were still trading at more than a 60% discount to NAV. He said about 75% of the buyback had gone through as of that date, leaving roughly $0.5 million of the $2.0 million programme unused before any later buys.
| Buyback marker | Company figure | Monday read-through |
|---|---|---|
| Programme size | Up to $2.0 million | Estimates about $0.5 million left, assuming 75% spent |
| Per-share ceiling | $2.80 | Stock trades 16% above the cap |
| June 23 purchase | 45,429 shares | Paid $2.60 per share |
| Shares after June 23 buyback | 30,210,952 | Monday quote matches this count |
TMT shares climbed even though there was no new company update. The regulator’s announcements for TMT listed a June 24 portfolio update and a June 24 notice on buying its own stock.
TMT’s June 24 update put a spotlight on its Backblaze Inc NASDAQ:BLZE stake. The company said it sold part of its Backblaze shares for $4.65 million in net cash. Backblaze’s stock jumped after a storage deal with CoreWeave Inc NASDAQ:CRWV, pushing up the fair value of TMT’s remaining Backblaze investment by $17 million from Dec. 31, 2025.
Backblaze announced June 23 that it signed a $335 million storage deal with CoreWeave, running five years and covering multiple exabytes. “Storage is the foundation every AI workflow is built on,” CEO Gleb Budman said. Backblaze
Selegenev said TMT’s $77 million stake in Bolt and $25 million in Backblaze made up about $20 million more than TMT’s full market cap as of June 23. Even after Monday’s gain, the pair of holdings still match an implied market value of roughly $98.2 million, or $3.25 a share.
TMT posted its audited 2025 results with NAV per share at $7.13 as of Dec. 31, up 8.9% from last year. Total NAV hit $220.8 million. Cash and cash equivalents were $5.0 million. The firm reported no financial debt. Management said NAV rose on currency moves and Scentbird growth but was trimmed by write-downs in nine holdings.
TMT said in a June 24 update it plans to take offsets in the next mark, expecting to write down at least seven smaller holdings by roughly $3 million at the June 30 period end. That comes against the gain from Backblaze and small cash from Hugo Technologies and SOAX.
