Augmentum Fintech Share Discussion Threads

[eaaxs06] 29/9/2021 11:26

I'm not sure what I've missed, but AUGM has had a terrible last couple of days on, as far as I can see, no news whatsoever.

There seems to be a complete absence of buyers, with nearly every trade going through as a sell, so the price is acting accordingly.

Good luck everyone, Sid.

[mach100] 31/7/2021 15:39

With a discounted offer you are always going to have flippers. Those who bought in at the placing price are now nicely in profit so no surprise to see some holders monetise it. Hopefully many of those inclined to sell have moved on and we can establish a new base from here.

[big_cat] 29/7/2021 13:30

Considering the offer was oversubscribed, the price subsequently has not moved as quickly as one would expect.

[eaaxs06] 28/7/2021 13:34

This looks to be slowly starting to move forward again, nice to see. Since the new shares were released onto the market there’s been a complete death of sellers out there, with buy’s outweighing sell in a very high percentage.

I’m a little confused about the trade at 12.00 today, 115,000 @ 151.25, which is marked as ? Surely that has to be a sell, given the price was 151/154 at the time. Or is it the result of a mid-day auction, even though it’s down as an ordinary trade?

Good luck everyone, Sid.

[makinbuks] 14/7/2021 10:46

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

Confirmed today

[darrenp746] 09/7/2021 19:55

I confirm I got exactly 40%

[eaaxs06] 09/7/2021 16:30

Just checked again and they've now removed the stamp duty and dealing charges, that's much better.

Good luck everyone, have a great weekend, Sid.

[eaaxs06] 09/7/2021 15:36

I've just checked my account and the shares allocated is subject to stamp duty and dealing charges.

Admittedly I haven't read through every line of the prospectus to see if there is any mention of it, but I didn't expect that.

Good luck everyone, Sid.

[eaaxs06] 09/7/2021 14:01

It looks like the open offer will be scaled back to 40% of the stock applied for.

A bit disappointing, but quite understandable given it was so popular.

Good luck everyone. Sid.

[andyview] 09/7/2021 09:19

I went through PrimaryBid, no details back yet

Gla

[eaaxs06] 09/7/2021 09:05

The offer was heavily oversubscribed, the shareholder offer was met in full with everyone else (placing, excess offer, OFS) heavily scaled back.

I hope I'm wrong, but I'm not expecting to receive very many.

Good luck everyone, Sid.

[makinbuks] 08/7/2021 15:09

Good move to increase the size of the offer, all issued at a premium to NAV so good for holders

[strollingmolby] 08/7/2021 08:29

Deadline day today at noon with my broker for applications for the placing - I put my application in yesterday and hope it isn't scaled back too much...

[makinbuks] 02/7/2021 12:14

I think the offer will be oversubscribed. I believe they have a nice spread of maturities now so we should see it back at £1.60 fairly quickly

[strollingmolby] 02/7/2021 10:08

Midas verdict: Financial technology is a specialist field, but it is growing fast and the pace of change is likely only to increase over the coming years.

Augmentum Fintech allows individual investors to access the sector, and the broad sweep of businesses in its portfolio means that the group is not reliant on any one type of firm or technology.

Existing shareholders have seen a 40 per cent rise in their shares. At £1.40, they should stick with the business. For new investors, the current fund raising provides a good opportunity to acquire stock at a discount.

[makinbuks] 28/6/2021 12:26

Yes I'm going to increase again hopefully in the placing. Floats for Zopa and ii would be great. So much momentum in the sector

[cordwainer] 27/6/2021 17:25

I've put in an order to add during the placing.

[makinbuks] 18/6/2021 16:24

I agree with you about premiums, but there is a lag in updating NAV's in PE funds especially if they are invested in fast growth stocks like AUGM. I think if TIDE is sold and II floats the track record would begin to build and we might head north of £1.50 again. The price got a bit ahead of itself lately. I managed to sell some at £1.61 so will happily re-invest

[apollocreed1] 18/6/2021 13:58

Downside risk is too high when buying investment trusts on large premiums.

[mach100] 17/6/2021 22:21

Who is taking part in the placing? The company has performed well since its IPO but the placings have knocked it for six. I will just take my basic allocation unless the share price jumps in the meantime

[n0rbie] 17/6/2021 16:49

JPMorgan buys £3.5bn UK wealth app Nutmeg ahead of Chase launch



The splashy deal comes as JPMorgan prepares to launch into the UK retail banking market later this year.

[cordwainer] 14/6/2021 12:16

The first post of your new thread.
:-D

"The Group's TSR for the year was 128.8% (2020: (41.6%))."
---
cordwainer - 09 Nov 2020 - 11:30:21 - 97 of 109 Augmentum Fintech plc - AUGM
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.
:-D

[cordwainer] 14/6/2021 12:04

"The Group's TSR for the year was 128.8% (2020: (41.6%))."
---
cordwainer - 09 Nov 2020 - 11:30:21 - 97 of 109 Augmentum Fintech plc - AUGM
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.
:-))

[martywidget] 11/6/2021 20:21

Many thanks StrollingMolby,
Regards,
M

New thread started by StrollingMolby here: