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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Augmentum Fintech Plc | AUGM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.41% | 97.20 | 15:23:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 97.00 | 97.00 | 97.20 | 97.20 | 97.60 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 18/12/2024 22:05 by peterrr3 I would expect CHRY to move first on the back of Klarna and Starling IPOs and AUGM on a 2 year lag with tide or Zopa, but any one of a few may be acquired before they reach full potential . That is how I weighted my investments. AUGM may also get a leg up from association with the others fintech if they move, including Revolut. |
Posted at 24/11/2024 13:33 by 74tom Peterrr3, here is the last performance report;6% return over the last 5 years is atrocious, no doubt the fees have a material impact with those measly returns. Also note on page 6 it says "We continued to reduce our overweight position to listed equity funds. We sold £20m from So that would be the apparent reason for selling AUGM, as expected with that many holdings they will buy / sell on thematics, not individual performance. |
Posted at 23/11/2024 18:26 by craigso re. BullionvaultI understand that the price of gold is most heavily influenced by Asian central bank purchases and jewelry demand, but that Western world purchases of actual bullion, coins, etc. have reduced substantially due to the higher prices. Which isn't to say that it's a bad business by any means. But higher gold price = higher value for Bullionvault isn't correct. I keep seeing AUGM market cap and wondering what CHRY would do with proceeds from a Klarna IPO. I know it will never happen, but I suspect that the pros like the assets held within AUGM. |
Posted at 31/10/2024 21:49 by integer Ken, no avenue for AUGM to contact ii. Nonsense.hxxps://www.ii.co.uk Contains their telephone number. So they can pick up the phone. Having said that it probably would be better for you to contact ii yourself and ask them to send the document they are needing. Then you can share with AUGM. The document, however, could be about your personal circumstances which AUGM cannot help with. Best. |
Posted at 31/10/2024 16:43 by kenmitch I’ve just remembered that I emailed Augmentum when Interactive Investor refused to let me buy it. I’ve pasted below both my email to them and the reply I got, claiming that there was no way they could contact ii. That was nonsense and contact details are on the ii website. I.e so they weren’t bothered.So I gave them the ii contact details, including a phone number……Hello Martha Just to let you know that there’s more nonsense from brokers who allow trading in hopeless shares without a quibble, preventing their clients buying AUGM Their reason is “documents. Your share price seems way too low and on a wide discount…̷ Best wishes Ken Mitchell. Hi Ken, Thank you for reaching out to let us know – I’ve just checked with the relevant people in our team, and I’ve been told there is no avenue for them to contact ii to find out what documents they are missing. The only way to try to cure it is for you to use the “message us” option on the ii website to query why you can’t trade and try to get specific information that our team can then address. We can’t do it ourselves because the “message us” facility is only available to ii account holders. I hope this helps, thanks again for reaching out. Kind regards, Martha image001.png Martha Horrox Marketing Associate T +44 (0)20 3961 5420 W augmentum.vc E martha@augmentum.vc LI Augmentum Fintech plc TW @AugmentumF A 4 Chiswell Street, London, EC1Y 4UP, UK' |
Posted at 31/10/2024 08:00 by rimau1 Another disposal at above navAugmentum Fintech plc (LSE: AUGM) (the "Company" or "Augmentum"), Europe's leading publicly listed fintech fund, notes the announcement by nCino, the NASDAQ listed US digital banking platform, that it has agreed to acquire FullCircl, the RegTech platform and a portfolio investment of the Company.The transaction implies a valuation of the Company's investment in FullCircl of £6.0 million subject to final adjustments, which represents a 75% increase on the last published valuation of £3.4 million as at 31 March 2024. |
Posted at 30/9/2024 08:54 by craigso @riverman77 Although I'm sure it would feel nice to see AUGM priced in our portfolios at a much higher number - and maybe some people are antsy to sell out - it's better for us if the share price stays where it is for a few months more...1. AUGM buying back shares at this level instead of 120p+ is more accretive to NAV 2. Once we've reached our target price to trim or sell CHRY/GROW/IPO, AUGM will be a nice home for some of that money - and I'd rather buy more AUGM at 103p than 120p+ :) |
Posted at 18/9/2024 08:11 by craigso AUGM doesn't own any Klarna as far as I know. It's Chrysalis with the sizable stake in Klarna. Of course, if Klarna IPOs successfully this autumn, that should help with the market's perception of AUGM's holdings.You should also ignore quoted spreads. When you actually trade AUGM, you get a much tighter spread from the market makers. Still not tight enough to actually trade this frequently - especially with the lack of movement up or down - but certainly not a 6% spread in practice. |
Posted at 25/6/2024 10:43 by kenmitch My thoughts on AUGM. Is any of it wrong?Augmenttum Fintech (LON:AUGM) is at a stunning bargain price, with the only obvious problem being investors, as is the case with too many Investment Trusts on big discounts to NAV, still not recognising this. Note the first bit of their Portfolio highlights update today; their top 3 holdings plus cash covers almost all the current market cap with all the other often quality holdings doing well, in the share price for free. Also all exits from the portfolio so far have all been above the last reported value and have realised £89.6 million proceeds compared with about £34 million originally invested in them. AND NAV is up again to 167p, yet Augmentum Fintech (LON:AUGM) can be bought for just 115p. Don’t know how long before investors wake up or before it attracts a bid or amalgamation, but it looks a steal as a lockaway buy. I hold but only with modest 5% gain ….so far. Portfolio highlights The valuation of the top three positions (Tide, Zopa Bank and Grover) plus a strong cash position, was just below Augmentum’s £170 million market capitalisation at year end. These three companies have grown revenues by an average of over 1,300% since initial investment and are either profitable or expected to reach profitability without further funding. Top 10 holdings, which represent 81% of portfolio value (31 March 2023: 78%) grew revenue at an average of 65% year-on-year (31 March 2023: 117%) and are cash generative (five positions) or have an average of 203 months cash runway. Cushon’s majority shareholding acquisition by NatWest Group completed during the period, and returned £22.8 million to the Company, delivering a return of 2.1x multiple on invested capital and an IRR of 62%. Post year end: exit from Onfido through the acquisition by Entrust, delivering a return of 1.3x on invested capital and an IRR of 5.8%. There have now been six exits from the portfolio since inception all at or above their last reported value, which have realised a cumulative £89.6 million in proceeds – £55.9 million over their original cost (c2.7x invested capital). IRR of 16%4 on invested capital since inception (31 March 2023: 18.5%). |
Posted at 15/12/2023 14:34 by kenmitch SKYSHIP.Just in case of interest to you or anyone else I’ve posted below a post I did on Stockopedia on the day AUGM issued their Results. There’s growing interest in Investment Trusts on Stockopedia. I bought then and intend continuing to hold unless there’s an (unlikely) disappointing update. “I bought Augmentum Fintech (LON:AUGM) at 89p today after their very encouraging results. Since IPO in 2018 AUGM has had an unbroken run of NAV increases, though the latest increase to 160p is small. Yet the share price has gone from the biggest premium of any Investment Trust at one point to a now big 41% discount! And if stripping out the £58 million cash the Discount is 51%. So while NAV has gone up consistently the share price has gone down consistently. Note that AUGM have £58 million in cash and no debt. Their top 3 holdings, TIDE, GROVER and ZOPA and the cash are above the current AUGM market cap, with no value at all attributed to their £125 million of other investments. So far AUGM have had 5 realisations since IPO and all were above the holding value. They have been buying back shares to try and reduce the discount. They can’t issue new shares while AUGM is at a discount but the bought back shares will be held in treasury to potentially be reissued if AUGM goes to a premium again. NO chance of that for a good while but very good chance of the discount narrowing from current undeserved extreme level. This is yet another example of Investment Trusts being SO out of favour with discounts at near record levels. The tide will turn at some point, and AUGM looks yet another oversold Investment Trust worth checking out. 28 |
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