Managing Director purchases more shares on market

Investment Memo: TTM 2022

General: Director Buying

Just last week we saw the three of TTM’s directors step up and purchase ~$275k in shares on market.

This morning we saw a filing made by Managing Director Matt Carr who purchased another $52.5k in shares on market at ~7c per share.

Combined with last week's purchases, Matt has now brought ~$155k in shares on market around these levels.

We always like seeing the directors of our portfolio companies step up and buy shares on market, as it signals to us that the people closest to the company clearly see some value in topping up their shareholdings.

To see all of the key objectives we want to see TTM achieve in 2022, the reasons why we continue to hold TTM in our portfolio and the key risks to our Investment thesis, check out our 2022 TTM Investment Memo here.