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AUGM Augmentum Fintech Plc

105.00
1.00 (0.96%)
Last Updated: 09:17:12
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
  1.00 0.96% 105.00 210,210 09:17:12
Bid Price Offer Price High Price Low Price Open Price
104.00 105.00 105.00 104.50 104.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 10.27M 4.89M 0.0287 36.59 178.75M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:17:58 O 2,859 104.92 GBX

Augmentum Fintech (AUGM) Latest News

Augmentum Fintech (AUGM) Discussions and Chat

Augmentum Fintech Forums and Chat

Date Time Title Posts
22/4/202414:24AUGMENTUM FINTECH205
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
11:17:59104.922,8592,999.66O
11:15:16104.4030,00031,320.00O
11:13:55104.928,1018,499.57O
11:08:38104.928,0008,393.60O
11:00:50104.925,0005,246.00O

Augmentum Fintech (AUGM) Top Chat Posts

Top Posts
Posted at 10/4/2024 08:49 by rimau1
I would seriously consider a tender offer with the 10m additional cash funds from Onfido at say 1.20 a share for a 1:17 reduction, caveat i have not done the math. We have too much cash and the market is not valuing us anywhere near FV given successful redemptions over the past few years.
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 08/3/2024 15:19 by rimau1
Subtle plug in the IC on an article for which IT's will benefit from an improvement in IPO conditions. "Mick Gilligan, head of managed portfolio services at Killik & Co, pointed to Zopa, the online bank expected to IPO in the near future, and an 11.6 per cent position in AUGM
Posted at 01/3/2024 20:09 by rimau1
Good spot Jeff, alas AUGM are too efficient since they already value Tide at $1bn. AUGM own 5.1% and it is in the books Sept'23 at gbp41m. At least we can take confidence in their valuations and NAV!
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 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 28/10/2023 19:47 by aqc888
Augmentum is a good stock. Its share price has not fallen as much as other similar venture capital rivals on AIM. It’s suffering and tracking the wider AIM index. I think this will get down to near covid lows before making a strong recovery when the market turns. With high interest rates the opportunity cost of investing in long term risky assets is less attractive.
Posted at 23/10/2023 13:21 by 888icb
“23 October 2023

Augmentum Fintech plc

(the "Company")

Irrevocable Share Repurchase Programme

At the Company's last annual general meeting on 19 September 2023 (the "AGM"),
the Company's shareholders granted the Company a general buy back authority of
up to 14.99% of the Company's issued ordinary share capital.

The Company has appointed its joint brokers Peel Hunt LLP and Singer Capital
Markets Securities Limited to manage an irrevocable programme (the "Irrevocable
Buy Back Programme") to buy back ordinary shares within certain pre-set
parameters. Any ordinary shares purchased by the Company will be held in
treasury. The Irrevocable Buy Back Programme will commence today and will run
until publication of the Company's Half Year Report for the period ended 30
September 2023.

Any shares purchased in the Irrevocable Buy Back Programme will count towards
the Company's general buy back authority of 14.99% of the Company's issued
ordinary share capital, as approved at the Company's AGM.

The Company confirms that it currently has no inside information.”
Hopefully todays RNS will start to address the large discount to NAV that accounts for the current very undervalued share price.
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……230;…its a long article
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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