Augmentum Fintech Share Discussion Threads

[wsm812] 21/5/2024 15:23

The continued share buyback has gone down well :)

[skyship] 15/5/2024 09:41

Capital Markets day on 27th June should be the catalyst to take this forward, if they haven't already done so by then.

[skyship] 10/5/2024 13:53

AUGM posted a 50% pullback after its near 40% jump in Nov/Dec'23. It has since been through a 3month consolidation and now looks to be girding its loins for another move ahead. 1st target the Jan'24 high at 113p; then a short-term target of 120p beckons.


free stock charts from uk.advfn.com

[quepassa] 25/4/2024 07:58

Speculation gathers momentum about a forthcoming IPO/flotation for ZOPA, especially after ZOPA recently swung to its first full-year profit of £15.8m PBT.

ZOPA is Augmentum's third largest holding with a portfolio value of c £40m as at 30/9/23.


ALL IMO. DYOR.
QP

[quepassa] 22/4/2024 14:24

Headline:

" Fintech finally starts to add up for investors"

Article in Weekend FT 20/4, Money supplement , page 4 by financial writer and private investor David Stevenson in his Adventurous Investor column.

Stevenson writes:- " I'd also suggest looking at UK-listed Augmentum, currently trading on a 37 discount..."

and elsewhere

" In my opinion, this sector is an absolute winner...."


Can't say I disagree.

See FT article for full write-up.

ALL IMO. DYOR.
QP

[the cronk] 22/4/2024 13:03

This looks like it's on the verge of a breakout IMO.

I like the management team and a positive track record so far

[skyship] 22/4/2024 11:26

Break through 105p and these should be swept up beyond the Jan'24 peak of 113p and into the 120s:


free stock charts from uk.advfn.com

[quepassa] 22/4/2024 09:22

good momentum building in the stock.

[toffeeman] 15/4/2024 15:03

supply>demand

[dickiehhh] 15/4/2024 08:14

Why the drop today?

[rimau1] 15/4/2024 07:35

Zopa announces a profit as it nears IPO https://www.ft.com/content/72e50a62-57e8-495e-b919-e6c610e1099b

[rimau1] 10/4/2024 08:49

I would seriously consider a tender offer with the 10m additional cash funds from Onfido at say 1.20 a share for a 1:17 reduction, caveat i have not done the math. We have too much cash and the market is not valuing us anywhere near FV given successful redemptions over the past few years.

[wsm812] 10/4/2024 08:25

Bought back in this a.m. Taken the view that this is still great value and under priced......just waiting for the market to agree with me! Haha. There was a 5% spread, which is annoying.

[rimau1] 10/4/2024 06:54

Excellent news. Fintech as we know has been in a bear market with the rate cycle so to still achieve a premium to NAV on one of the less attractive holdings really supports the valuation and business case here.

[888icb] 10/4/2024 00:13

RNS Portfolio Company Aquired:
“ Augmentum Fintech plc

Portfolio Company Onfido Acquired by Entrust

Augmentum Fintech plc (LSE: AUGM) (the “Company”;), Europe’s leading publicly listed fintech fund, notes the announcement by Entrust that they have completed their acquisition of Onfido, a portfolio investment of the Company.

Augmentum’s understanding of the terms of the transaction implies a valuation of the Company’s investment in Onfido at £10.1 million (30 September 2023: £9.7 million representing 3.6% of the value of the portfolio).

The Company initially invested in Onfido the AI-powered digital identity verification business in March 2018 with a £4.0 million investment as part of a US$50 million funding round, with a further £3.7 million in December 2019. This exit will represent a multiple of 1.3x cost and an IRR of 6%.

The sale to Entrust, a global leader in identity, payments, and data security solutions, is Augmentum’s sixth exit, each of which has been at or above the Company’s holding value.”

[skyship] 06/4/2024 13:53

David Stevenson's Adventurous Investor Newsletter:
--------------------------------------------------

Veteran investment trust fund manager buys into Augmentum. Peter Hewitt, director, and fund manager in Global Equities, who runs the CT Global Managed Portfolio Trust at Columbia Threadneedle has bought into listed fintech VC Augmentum. I think this niche fund is excellent and I talked about this fund in 2022. I plan to add the fund to my watch list in the coming weeks.

According to Hewitt: “Augmentum Fintech is Europe’s only leading publicly listed fintech fund and is a unique private equity trust that provides exposure to one of the fastest growing sectors of the UK fintech economy. The portfolio is filled with exciting new young companies with dynamic growth prospects in the banking, insurance, and asset management sectors. Valuations are very conservative as is the balance sheet which has net cash. Led by Tim Levene and an experienced management team who have an excellent track record of successful investment in fintech. The shares trade on a 37% discount to NAV and have a market value of £170m.” I agree with the bullish verdict - I’ll discuss in greater detail next week..

[skyship] 05/4/2024 13:31

Surprised to see these sink back below 100p; especially with the overall Market so strong. NAV discount back up to 38%.

[makinbuks] 11/3/2024 10:52

I prefer trade sales because they are clean. In a IPO the PE or VC fund never sells 100% and almost always the price falls after IPO

[rimau1] 08/3/2024 15:19

Subtle plug in the IC on an article for which IT's will benefit from an improvement in IPO conditions. "Mick Gilligan, head of managed portfolio services at Killik & Co, pointed to Zopa, the online bank expected to IPO in the near future, and an 11.6 per cent position in AUGM

[makinbuks] 04/3/2024 16:42

Yes good spot and I hadn't realised that Apax were an investor

[rimau1] 01/3/2024 20:09

Good spot Jeff, alas AUGM are too efficient since they already value Tide at $1bn. AUGM own 5.1% and it is in the books Sept'23 at gbp41m. At least we can take confidence in their valuations and NAV!

[jeff h] 01/3/2024 16:19

Tide nears $1 billion valuation:-

[riverman77] 23/2/2024 16:12

Would expect one of the big banks to buy up Tide before too long.