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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
|
|
|---|---|---|---|---|
| 2.25 | 2.22% | 103.75 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 100.50 | 100.50 | 105.00 | 103.75 | 101.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 10/4/2024 00:13 by 888icb RNS Portfolio Company Aquired:“ Augmentum Fintech plc Portfolio Company Onfido Acquired by Entrust Augmentum Fintech plc (LSE: AUGM) (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.” |
Posted at 08/3/2024 15:19 by rimau1 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 |
Posted at 01/3/2024 20:09 by rimau1 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! |
Posted at 30/1/2024 15:54 by rimau1 There were specific external macro headwinds in 2023 which general consensus would have us believe are abating. Depends on your 2024 outlook. If rates have indeed nearly peaked and inflation is under control AUGM will spend more time above £1 than under £1. I have a strong long term conviction here so I simply average down with limit orders so that i don't need to check. |
Posted at 01/1/2024 08:05 by skyship rimau - I top-sliced as the rise from 84p had taken my holding well past my 10% MAX. I continue to rank AUGM a core holding as I anticipate another 25% here in 2024.For my Tip for 2024 you'll have to visit my JDT thread. You'll be very welcome; and perhaps add your thoughts for the year ahead...! |
Posted at 29/12/2023 08:21 by 888icb AUGM has had a very good end to the year having recovered from a 52 week low of 77p in October it reach a 52 week high on 27th December of 112.5p. AUGM looks well set to do well in 2024 as its 3 largest investments continue to grow, which together with its £54 million cash exceed its current market cap. The discount to NAV is 30%. |
Posted at 18/12/2023 14:45 by rimau1 Thanks Skyship. You are allowed to tip AUGM then!!!!! (albeit perhaps counter intuitive if you are top slicing)! |
Posted at 18/12/2023 08:38 by rimau1 SKY, before you tip augm. What was your 2023 tip? |
Posted at 17/12/2023 17:31 by rimau1 Sphere 25 - only joking with you but i did get an ST and Sphere bounce again, twice this year! Light hearted banter. I am a long term bull here and at TMT, both stocks should do 50% in 2024 IMO. Arguably TMT is more undervalued with the Bolt IPO in 2025. AUGM is a slower burner. |
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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