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AUGM Augmentum Fintech Plc

101.00
-1.25 (-1.22%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Augmentum Fintech Plc LSE:AUGM London Ordinary Share GB00BG12XV81 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -1.25 -1.22% 101.00 315,130 16:35:19
Bid Price Offer Price High Price Low Price Open Price
98.80 100.50 101.50 99.60 101.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 19.28M 13.8M 0.0822 12.17 171.75M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:32 O 50,000 99.65 GBX

Augmentum Fintech (AUGM) Latest News (1)

Augmentum Fintech (AUGM) Discussions and Chat

Augmentum Fintech Forums and Chat

Date Time Title Posts
11/10/202410:51AUGMENTUM FINTECH290
06/7/202215:34Augmentum Fintech plc155

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Augmentum Fintech (AUGM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-11 15:55:5499.6550,00049,825.00O
2024-10-11 15:35:33101.0025,00025,250.00O
2024-10-11 15:35:19101.0010,00010,100.00UT
2024-10-11 15:12:29100.0010,00010,000.00AT
2024-10-11 15:12:11100.0010,00010,000.00AT

Augmentum Fintech (AUGM) Top Chat Posts

Top Posts
Posted at 11/10/2024 09:20 by Augmentum Fintech Daily Update
Augmentum Fintech Plc is listed in the Finance Services sector of the London Stock Exchange with ticker AUGM. The last closing price for Augmentum Fintech was 102.25p.
Augmentum Fintech currently has 167,971,971 shares in issue. The market capitalisation of Augmentum Fintech is £167,971,971.
Augmentum Fintech has a price to earnings ratio (PE ratio) of 12.17.
This morning AUGM shares opened at 101.50p
Posted at 30/9/2024 09:54 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 20/9/2024 16:49 by mrscruff
Thank you for the added information. I am not worried about those factors. I am a macro person. I recently had very good success with financials that behaved wildly on short-term intrest-rate outlook ignoring the mid-term outlook. Interest rate cutting cycle has decimated the share prices of these but we should see strong earnings persists as rates remain profitable. ALPH is another one I bought some time ago buying on the dips than is making more cash than it can spend. We just need to wait our turn, waiting for net sellers to be out and net buying to happen and make sure we are diversified to prevent FOMO, my AUM in AUGM is just 3% so I will never capitulate unless rates heading to zero.
Posted at 20/9/2024 12:57 by craigso
The advantage that GROW, CHRY, etc. have is that Revolut, Klarna, etc. are practically household names. So rumours of IPO or value uplifts from PE funding rounds are likely to hit the mainstream press.

AUGM? Not so much. If you ride on the London Underground regularly you might have seen all the ads for Tide. But none of those names would be a blockbuster IPO or buyout.

No big deal as far as I'm concerned. I'd rather be rich than famous. :) The only issue is FOMO on something else whilst some of our capital is waiting for AUGM's assets to deliver.
Posted at 18/9/2024 09:11 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 23/7/2024 18:21 by kenmitch
Surely that is the reason for the grotty share price performance SKYSHIP. Discount of 32% is daft bearing in mind this bit from their Results last month:-

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 25/6/2024 11:43 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 25/6/2024 08:11 by 888icb
From the RNS:
“ Neil England, Chairman of Augmentum Fintech plc commented:

“The Company’s NAV per share after performance fee at 31 March 2024 was 167.4p, up 5.4% from 31 March 2023. This continued our history of increases for every reporting period since the Company’s IPO in 2018.”

“The UK equity market has been largely out of favour and investment company discounts are running at historic highs in many cases. However, UK inflation numbers are improving, and history suggests that growth companies such as Augmentum will be early beneficiaries of any rally inspired by declining rates.”

“We maintained our investment discipline over the last year and, with our strong cash reserves (£44.8 million as at 31 May 2024), we are well placed both to take advantage of new opportunities and to reinforce our appeal as a supportive investor. We have a healthy pipeline of opportunities under consideration.”;

Tim Levene, CEO of Augmentum Fintech Management Limited commented:

“Several portfolio companies have posted meaningful profits this year and have attracted substantial growth capital of over £150 million during the period. The operational performance of the vast majority of the companies in the portfolio has continued to be strong, with an average revenue growth of 65% across the top 10 holdings in the last 12 months. There have been some standout results, in some cases ahead of expectations, and the majority of our companies have over two years of cash runway.”

"Fintech’s market share of global financial services revenue remains below 5% but is set to more than double during the next decade as fintech companies both disrupt incumbent firms and become their partners for delivering digital transformation and harnessing the potential of new technologies. Hundreds of valuable companies will be built in Europe to support this change. In our view, the European early stage fintech ecosystem has reached an exciting point of maturity.”

“This year, we have crossed several important milestones; six years since IPO, six exits delivered to the Company and the first portfolio position rising above a fair value of £50 million.”
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”;), Europe’s leading publicly listed fintech fund, notes the announcement by Entrust that they have completed their acquisition of Onfido, a portfolio investment of 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 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
Posted at 03/2/2022 14:12 by trekker60
AQC888: Food for thought. Think I'm going to hedge my bets and sell half and hold half. I've never had much luck trying to be too clever jumping in and out of shares - all my best investments over the years have been 'buy and tuck away' - but AUGM is probably my riskiest holding at the moment so maybe play safe for now.
PS: I'm only a small private investor to whichever way I jump will have zero effect on the AUGM share price!
Augmentum Fintech share price data is direct from the London Stock Exchange

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