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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
|
|
|---|---|---|---|---|
| -2.00 | -1.94% | 101.00 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 102.00 | 100.00 | 102.00 | 101.00 | 103.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 06/4/2024 13:53 by skyship 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.. |
Posted at 04/3/2024 16:42 by makinbuks Yes good spot and I hadn't realised that Apax were an investor |
Posted at 30/11/2023 11:14 by 888icb Very good presentation this morning on Investor Meet. I think the CEO is very impressive and they have an impressive portfolio that is performing well. I will continue to add to my holding safe in the knowledge that the top 3 holdings and the cash pile are more than the market cap, so all the other investments are in for free. |
Posted at 28/11/2023 11:14 by 888icb Good to see AUGM Number 15 on the Leaderboard Up 8.52% at 90.82p on the back of today’s interim report:“ Financial highlights • NAV per share after performance fee1 increased by 0.8% to 160.2p (31 March 2023: 158.9p). • IRR of 16.6%2 on invested capital since inception (31 March 2023: 18.5%) • Available cash at period end of £51.8 million (free cash of £48.0 million) with no debt (31 March 2023: £38.5 million). • Repurchased 3,918,878 shares over the period, at an average price of 99.2p per share.” This share price of 90p is totally ridiculous against an NAV per share of 160p of which £51.8 million is in cash. The assets are performing well: “ The top 10 holdings, which represent 82% of portfolio value, grew revenue at an average of 74%3 YoY and have an average of 29 months cash runway. 4 of the top 10 positions are cash generative. • The sum value of the top three holdings in Tide, Grover, and Zopa, plus current cash, is above the Company’s market capitalisation. These positions continue to demonstrate their credentials as fintech market leaders, growing revenues by an average of over 1,200% since the Company’s investment and are either profitable or capitalised until projected profitability.” This is due a large rerate and I am looking forward to the Investor presentation on Thursday. |
Posted at 05/7/2023 23:05 by 888icb Simon Thompson Buy recommendation today:SMALL COMPANIES This fintech fund's 37% discount is hard to ignore It's cash-rich and delivering healthy gains with a series of success stories July 5, 2023 By Simon Thompson Net asset value (NAV) up 2.4 per cent to 158.9p Closing NAV of £277mn after performance fees Post period end disposal of stake in Cushon 36.5 per cent share price discount to NAV Investors are taking an incredibly conservative approach to their valuation of Augmentum Fintech (AUGM:101p), the first publicly listed fintech fund. Despite delivering an impressive 18.5 per cent internal rate of return (IRR) on invested capital since inception, making £78.5mn of realisations from five exits, or three times the capital invested, shares in Augmentum trade on a hefty 36.5 per cent discount to NAV of 158.9p. Moreover, the group managed to deliver modest NAV per share growth last year, too…… |
Posted at 05/7/2023 15:02 by wsm812 Wakey, wakey AUGM investors - time to rise |
Posted at 04/7/2023 11:47 by 888icb Agricores comment on LSE that the share price is bonkers is spot on. A 53% discount to NAV of which £50 million is in cash is completely ridiculous. Investment trusts like this do tend to trade at fairly large discounts but it’s well overdone here particularly in the light of this comment from the Chairman:“ Your Company has now successfully exited five portfolio investments, all of which have been at or above the last reported holding value. This should provide investors with comfort that our valuations process is rigorous and corroborates the discipline our Portfolio Manager has exercised when evaluating new investments and their reporting on the portfolio” He is specifically addressing the discount point. Investors may apply a discount because they are sceptical about the values stated for unlisted investments. The fact that all five disposals have been at or higher than stated values demonstrates the large discount to NAV is unjustifiable as does £50 million cash. |
Posted at 08/6/2023 09:44 by 888icb A pretty impressive presentation coming up in July from todays RNS:“ Day The Company will host an in-person Capital Markets Day for institutional investors and analysts at 12:15 p.m. on 6July in the City of London. The Manager will provide an update on Augmentum Company and portfolio progress, and share fintech sector commentary. Several CEOs of Augmentum portfolio companies will also provide updates on their respective businesses, including: - Oliver Prill - CEO, Tide - Jaidev Janardana - CEO, Zopa - Michael Andersen - CFO, Grover - Christoph Rieche - CEO, iwoca - Tom Greenwood - CEO, Volt - Olivier Egger - CEO, Intellis - Vincenz Klemm - CEO, Baobab Andrew Griffith MP, Economic Secretary to the Treasury, and Julia Hoggett, CEO at London Stock Exchange, will provide keynote speeches.” |
Posted at 31/5/2023 10:44 by wsm812 Share by-backs are very controversial, especially when promoted as a benefit for investors.I own a multitude of shares that are currently going through similar schemes. Some are cancelling the bought stock and some are holding in treasury such as AUGM. I am yet to reap the benefit of these schemes in a noticable increase in the share price |
Posted at 17/5/2023 14:48 by melloteam Just to let shareholders and prospective investors know that Augmentum will be presenting on the 23rd of May next week at Mello2023. We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
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