Augmentum Fintech Share Discussion Threads

[strollingmolby] 11/6/2021 08:46

Thanks Marty - I've gone ahead and started a new thread here

[strollingmolby] 11/6/2021 08:44

!YOUTUBEVIDEO:Ko8irGT05W8:


NAV charts incl premium/discount can be seen here:

[makinbuks] 10/6/2021 15:38

hxxps://news.sky.com/story/business-banking-group-turns-350m-tide-with-apax-digital-investment-12327795?s=09

Good news if true for Augmentum, should help confidence ahead of the fund raise

[cordwainer] 06/4/2021 14:40

Pushed up to a 37% paper premium now, helped by Interactive Investor's talk of a potential IPO. Of which I would have higher expectations than for example the (unrelated) Trustpilot IPO.

[cordwainer] 22/1/2021 01:00

AUGM is one of winterflood's investment trust tips for 2021,as per this secondary source:

citywire.co.uk/investment-trust-insider/news/strong-managers-cheap-shares-winterflood-unveils-trust-tips-for-2021/a1447639

[grabster] 24/11/2020 15:07

Added a few.

[makinbuks] 11/11/2020 13:44

Its a funny old world. Some years ago I held some shares in a company with a dual listing on AIM and in HK. They cancelled the UK listing and my platform couldn't hold HK listed shares so I transferred them to TD Waterhouse later taken over by II. And now I find myself indirectly holding II through this. My trading account on II costs £9.99 a month while at i Dealing it £5 per quarter, HL of course is horribly expensive

[cordwainer] 11/11/2020 09:05

And the one major retail investing platform that didn't suffer technical disruption with Monday's surge in trading - our very own Interactive Investor. More's the pity I'm with Fidelity and HL

[makinbuks] 10/11/2020 14:21

Sensible stuff. I expect Zopa to recover significantly with the banking licence. Their "value" based on cost of raising equity roughly halved to get them over that line

[cordwainer] 09/11/2020 17:55

..actually did Bank some at 99.55p and at 128.3p. Letting the rest run on a bit.

[makinbuks] 09/11/2020 11:41

Your timing has been immaculate, congratulations. Personally I'd bank some now. I think momentum is with us but I wouldn't set much stall with NAV calcs for businesses like these and trading at a premium we all know means the market has got a little carried away with the story.

[cordwainer] 09/11/2020 11:30

This is making my ears pop now, having bought at 57.3p / 25 mar.
Although ostensibly trading at a premium now, i'm holding on for NAV upgrades.

[mach100] 05/11/2020 11:58

Price has recovered well after the funding round and I expect 130P+ soonish. The Lockdown is probably useful for AUGM. I look forward to the dealflow and will add more shares here as the upside is good with this niche player,

[funchalman] 27/10/2020 17:01

Yes primarybid and the companies that use it are doing small investors a great service, unfortunately its HM inland revenue rules that prevent primarybid transferring in to sipp and isa accounts, probably because of the tax breaks on those type of accounts.

[makinbuks] 27/10/2020 13:50

Its a fair point but give them credit for at least making a retail element available. So often PI's are excluded from these offers and get diluted. Ive topped up with the 20% represented by the placing. I now have two holdings in my ISA and my general account but could bed and break fast at a later date as suggested

[funchalman] 27/10/2020 09:37

Hello ghazell

yes there are ways around it, but a bit too convoluted for me, this is what primarybid have on their Q/A page.

Can I make investments through PrimaryBid via my ISA or SIPP?

Unfortunately, you can't invest ISA or SIPP funds via PrimaryBid. The alternative is to buy the shares from us with a debit card and transfer them to a General Investment Account for the same broker where you hold your ISA or SIPP. You can then do a "Bed & ISA", a process where you sell the shares from your investment account and then immediately buy them back with ISA or SIPP funds. There is however a tax liability on any gain and probably costs incurred from your broker for dealing. You will need to contact your broker in regards to this.

[ghazell] 26/10/2020 18:05

Hi, there are in fact ways of transferring. PrimaryBid can be contacted on [phone] or [e-mail] to help with this.

[funchalman] 26/10/2020 10:53

I hold augm in my sipp and also in my grandsons's junior isa, was going to invest more in the primarybid retail offer for my sipp and the junior isa for the grandson.However just found out from the primarybid website that they will not allow transfers into sipp or isa accounts.Rather annoyed at that to say the least.

[mach100] 26/10/2020 07:58

Fundraise at 6% discount. I expect to see a large take up so when the price falls a little today it will quickly recover. Its investments are performing very well as per the update.

[cordwainer] 05/9/2020 00:35

Interactive Investor's simplified SIPP charges recently announced will certainly not do any harm to AUGM's portfolio prospects.

[value hound] 21/7/2020 11:48

Tipped in the IC by Simon Thompson yesterday. I have a rel' small pos'n FWIW.

Voila:

Shares in fintech fund Augmentum Fintech (AUGM:107p) have re-rated significantly since I suggested buying, at 57.5p (‘Exploiting market mis-pricing’, 26 March 2020) and are now back above the 102.4p entry point in my 2019 Bargain Shares Portfolio. That’s quite a round trip, but one that shows how inefficient markets can become when investor risk aversion is at extreme levels as was the case during the stock market crash.

There is no doubt in my mind that Augmentum is performing well. Annual results revealed an unrealised portfolio gain of 18 per cent on invested capital. NAV rose more sedately, up 6 per cent to 116p a share, only because the cash raised from a placing last summer is still being invested. During the financial year, £17.8m of cash was invested in new investments, and a further £15m in exiting portfolio companies. Augmentum’s investment manager, Tim Levene, has enjoyed a fair amount of success.

For example, a £4m initial investment in Farewill, an online will writing company that writes one in every 25 wills in the UK, has now doubled in value. Business is booming as highlighted by a nine-fold rise in revenue this year. Farewill is attracting investor interest, too, having recently closed a £20m funding round in which Augmentum invested a further £2.6m of its year-end £15m cash pile.

Last September’s investment in German technology rentals platform Grover has paid off in double-quick time. Surging demand for Grover’s range of 2,000 tech products (smartphones, laptops and virtual reality gear) has more than doubled Grover’s annualised revenues to €40m (£36m) as office workers adopted home-working during the lockdown. Many will continue to do so permanently. Augmentum’s £5.3m initial investment has been marked up 17 per cent in value.

Interestingly, Mr Levene notes that “Covid-19 has fundamentally changed behaviours, accelerated the digitisation of financial services and created significant opportunity for further disruption”. Augmentum is well placed to capitalise on what could be a once-in-a-generation transformation in digital adoption. Moreover, with 93 per cent of NAV now fully invested, and the shares trading 8 per cent below NAV, prospects for the company to maintain its high-teens investment performance is being undervalued. Buy.

[makinbuks] 21/7/2020 10:08

Yes its a popular fashionable story

[cordwainer] 17/7/2020 10:54

good advert..

citywire.co.uk/investment-trust-insider/news/augmentum-fintech-hails-covid-chance-as-zopa-launches-bank/a1381098?ref=investment-trust-insider-latest-news-list

[cordwainer] 14/7/2020 09:00

3% boost for AUGM..

www.altfi.com/article/6798_onfido-sees-69-jump-in-h1-sales-as-businesses-embrace-remote-id-as-the-new-normal

[cordwainer] 24/6/2020 07:26

Surely the new Zopa Bank adds some value.