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AUGM Augmentum Fintech Plc

101.45
0.00 (0.00%)
Last Updated: 09:22:24
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
  0.00 0.00% 101.45 54,942 09:22:24
Bid Price Offer Price High Price Low Price Open Price
99.40 100.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 19.28M 13.8M 0.0823 12.33 170.19M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:12:30 O 10,000 100.3205 GBX

Augmentum Fintech (AUGM) Latest News

Augmentum Fintech (AUGM) Discussions and Chat

Augmentum Fintech Forums and Chat

Date Time Title Posts
15/11/202407:55AUGMENTUM FINTECH335
06/7/202214:34Augmentum Fintech plc155

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Augmentum Fintech (AUGM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:12:30100.3210,00010,032.05O
10:06:16100.327,9227,947.39O
09:58:04100.32987990.16O
09:55:1399.691,4761,471.37O
09:47:07100.322,5292,537.09O

Augmentum Fintech (AUGM) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 101.45p.
Augmentum Fintech currently has 167,754,471 shares in issue. The market capitalisation of Augmentum Fintech is £170,186,911.
Augmentum Fintech has a price to earnings ratio (PE ratio) of 12.33.
This morning AUGM shares opened at -
Posted at 31/10/2024 21:49 by integer
Ken, no avenue for AUGM to contact ii. Nonsense.

hxxps://www.ii.co.uk/how-find-us

Contains their telephone number. So they can pick up the phone.

Having said that it probably would be better for you to contact ii yourself and ask them to send the document they are needing. Then you can share with AUGM. The document, however, could be about your personal circumstances which AUGM cannot help with.

Best.
Posted at 31/10/2024 16:43 by kenmitch
I’ve just remembered that I emailed Augmentum when Interactive Investor refused to let me buy it. I’ve pasted below both my email to them and the reply I got, claiming that there was no way they could contact ii. That was nonsense and contact details are on the ii website. I.e so they weren’t bothered.So I gave them the ii contact details, including a phone number…….and didn’t get a reply.

Hello Martha

Just to let you know that there’s more nonsense from brokers who allow trading in hopeless shares without a quibble, preventing their clients buying AUGM

Their reason is “documents.221; I’ve checked the (useless which I rarely read) KID document. Yours was last updated in August last year. Is it due for renewal and is that the reason prohibiting AUGM buys.

Your share price seems way too low and on a wide discount…̷0;but if people can’t buy that’s not going to improve .

Best wishes

Ken Mitchell.

Hi Ken,

Thank you for reaching out to let us know – I’ve just checked with the relevant people in our team, and I’ve been told there is no avenue for them to contact ii to find out what documents they are missing. The only way to try to cure it is for you to use the “message us” option on the ii website to query why you can’t trade and try to get specific information that our team can then address. We can’t do it ourselves because the “message us” facility is only available to ii account holders.

I hope this helps, thanks again for reaching out.

Kind regards,
Martha

image001.png

Martha Horrox
Marketing Associate
T +44 (0)20 3961 5420
W augmentum.vc
E martha@augmentum.vc
LI Augmentum Fintech plc

TW @AugmentumF


A 4 Chiswell Street, London, EC1Y 4UP, UK'
Posted at 31/10/2024 08:00 by rimau1
Another disposal at above navAugmentum Fintech plc (LSE: AUGM) (the "Company" or "Augmentum"), Europe's leading publicly listed fintech fund, notes the announcement by nCino, the NASDAQ listed US digital banking platform, that it has agreed to acquire FullCircl, the RegTech platform and a portfolio investment of the Company.The transaction implies a valuation of the Company's investment in FullCircl of £6.0 million subject to final adjustments, which represents a 75% increase on the last published valuation of £3.4 million as at 31 March 2024.
Posted at 21/10/2024 15:29 by skyship
We should be getting the Q3 FactSheet any day now - 24th October last year.

Hopefully the NAV has held up; and if it has one might expect it to put a floor under the current weak share price.
Posted at 20/10/2024 15:34 by kenmitch
Agree about the absurd undervaluation SKYSHIP.

As for the bizarre share price reaction to their buybacks, that’s happening with so many Trusts buying back, with Managers sometimes expressing their surprise and disappointment that the effect on the share price and discount to NAV has been disappointing. I’m not surprised nor disappointed as it needs reality to show investors and Managers and commentators that buybacks aren’t a no brainer when Trusts are trading at big discounts to NAV.

Too often so much has to be spent on buybacks just to achieve a couple of pence increase in NAV. And there’s nowt to stop the discount widening even more when Investment Trusts are buying back their shares.
Posted at 30/9/2024 08:54 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 15:49 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 25/6/2024 10:43 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 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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