Augmentum Fintech Share Discussion Threads

[makinbuks] 24/1/2022 08:35

Absolutely right and the pull back is across the market for tech, fintech, bioscience. /nothing to do with Augmentum's specific holdings

[apollocreed1] 23/1/2022 01:20

@Trekker60- There's only one major factor affecting tech investments and that's rising yields. AUGM is an investor in Fintech companies that are valued based on high growth rates of discounted cash flows. The discount rate used to reach a net present value has risen and therefore the value of the AUGM portfolio has to go down.

[trekker60] 22/1/2022 09:43

Can anyone with a better insight than me suggest why the share price has fallen so sharply recently? Concern over AUG selling one its soundest investments (ii)? Concern over one or more of AUG's other investments? General concerns about the fintect secto? MMs trying to generate more share price trading volumes?

[melloteam] 10/1/2022 22:04

Mello Events is hosting a FREE Trusts and Funds event at 2pm on Tuesday 18th January.

The programme is as follows:
Welcome and introduction to your co-host, Karin Schulte
2.00 pm Andrew Hollingworth presents his approach to investing in Investment Trusts and Funds
2.20 pm Company presentation by Impax AM
2.50 pm Reg Hoare outlines his criteria for selecting Investment Trusts and Funds
3.10 pm Company presentation by Augmentum Fintech
3.40 pm VectorVest – introducing their safe and consistent portfolio growth model (Full session the following day Wednesday 12 noon)
4.00 pm MoneyMakers Jonathan Davis and Simon Elliott present the latest Investment Trust News
4.20 pm Company presentation by Polar Capital Global Financials Trust plc – Global Financials: impact of rising interest rates and economic recovery
4.50 pm Investment Trusts and Funds Panel, including Reg Hoare, Andrew Hollingworth, Paul de Gruchy, hosted by Karin Schulte

To register for FREE click here:

[melloteam] 10/1/2022 22:03

Mello Events is hosting a FREE Trusts and Funds event at 2pm on Tuesday 18th January.

The programme is as follows:
Welcome and introduction to your co-host, Karin Schulte
2.00 pm Andrew Hollingworth presents his approach to investing in Investment Trusts and Funds
2.20 pm Company presentation by Impax AM
2.50 pm Reg Hoare outlines his criteria for selecting Investment Trusts and Funds
3.10 pm Company presentation by Augmentum Fintech
3.40 pm VectorVest – introducing their safe and consistent portfolio growth model (Full session the following day Wednesday 12 noon)
4.00 pm MoneyMakers Jonathan Davis and Simon Elliott present the latest Investment Trust News
4.20 pm Company presentation by Polar Capital Global Financials Trust plc – Global Financials: impact of rising interest rates and economic recovery
4.50 pm Investment Trusts and Funds Panel, including Reg Hoare, Andrew Hollingworth, Paul de Gruchy, hosted by Karin Schulte

To register for FREE click here:

[aqc888] 14/12/2021 17:29

ii was probably the least risky asset of the Augmentum portfolio, a lot of the other holdings look promising but in fields I know little about. So often good ideas in fintech get outpaced by newer rivals or bigger players moving into the space. I’ve taken profits and shall be keeping a close eye on Augmentum to re invest. Can see the share price falling a bit from here. They’ve had a good run in a risky field

[strollingmolby] 03/12/2021 08:03

Yes, that's a nice exit though we won't see the proceeds until Q2 next year (per ABDN timetable).

[makinbuks] 02/12/2021 12:39

Big milestone for AF too. First realisation of substance

[rimau1] 02/12/2021 12:11

Looks like terms have been agreed on the sale of ii, good news here as funds can be reinvested in the extensive pipeline

[strollingmolby] 26/11/2021 14:37

Some background on the Gemini investment:

[cordwainer] 22/11/2021 12:13

My NAV calc from post 26 on 12 Oct = 142.66p
NAV after performance fee announced today = 142.1p
Damn, looks like I overestimated.

[eaaxs06] 08/11/2021 07:44

Confirmed in an rns from ABRDN:


Good luck everyone, Sid.

[catch007] 07/11/2021 19:38

Thanks appreciate the responses

[thehornets] 07/11/2021 17:34

Agree - 3.8% which was valued at £32.6m as documented here(22/06/2021: hxxps://augmentum.vc/news/investors-chronicle-simon-thompson-covers-augmentum-in-his-latest-piece/

3.8% of a £1.5bn II valuation is £57m, implying a book valuation increase of ~75%/~£25m.

For comparison, AUGM market cap is currently around £285m.

[speedsgh] 07/11/2021 16:54

3.8% as at 31/3/21

[catch007] 07/11/2021 14:32

speedsgh: What is percentage of ii equity does AUGM hold? Thanks

[catch007] 07/11/2021 14:32

speedsgh: What is percentage of ii equity does AUGM hold? Thanks

[speedsgh] 06/11/2021 13:38

Interactive Investor was AUGM's largest holding as at 31/3/21 representing 19.9% of its portfolio with a fair value of £32.6m...

Abrdn in £1.5bn talks to buy DIY stock-picker Interactive Investor -

[cleopatrax] 18/10/2021 15:39

About fintech

[cleopatrax] 18/10/2021 15:37

Very interesting article in Time magazine London calling

[cordwainer] 12/10/2021 12:28

Is this rough calculation any good?

Nav ps as of 31 Mar 2021 = 130.4p
annual nav growth: 10% in 2019, 6% in 2020, 12.3% in 2021 = approx 9.4% annualised.

Minor uplift from sale of Dext in April 2021 increased this by 1.66p

Portfolio value at 31 Mar 2021 = £164.13m + cash £27.43m

Investments since 31 Mar 2021 total £27.5 million.

Hence July 2021: 40.59 million new shares issued at 135.5p (raising ~£55 million)

Assuming 5% uplift on investment portfolio since 31 Mar 2021 based on annualised nav growth (164.13m + 27.5m) x 1.05 = 201.21m + 54m cash = £255.21m NAV
(I trimmed the 55m a bit for expenses / fees)

= approx nav ps of 141p + Dext profit = 142.66p

edit: oops thats exactly same as current share price

[speedsgh] 12/10/2021 10:25

I see the Chairman, Neil England, bought a further £36k of shares yesterday at 144p. He last bought via the placing in July when he subscribed for £102k at 135.5p.

[strollingmolby] 11/10/2021 10:56

Here's a short piece on AUGM, building the team and selecting investee companies, including this snippet:

To end, tell us about an investment that has surprised you the most – positive or negative and why?

When we invested in interactive investor in 2015, they were regarded by some as a tired business that wasn’t going anywhere. Today they have over £50 billion in assets under administration, half a million customers and are a major challenger to Hargreaves Lansdown and the like.

I always felt that wealth management was a space that had been overlooked and interactive investor was one of those companies with good potential but that required patience and belief. I’d say that was one where we certainly were very contrarian at the time and a lot of people scratched their heads. This investment looks set to be one of our outlier success stories that took years to materialise and reinforces my view that venture is not about overnight unicorns, despite the fact that I read all the time about these amazing businesses that go from zero to a billion in a year. This approach might take a little bit longer at times but if you are patient and focus on fundamentals it can certainly pay off.

[big_cat] 29/9/2021 12:07

The price has to do with tech stocks rout on Monday and Tuesday. Augmentum invests in fintech companies which have had 2 very rough days. There is a glimmer of blue today in tech stocks which should do well for Augmentum. A good buying opportunity.