In FY’24 AUGM delivered a 5.4% NAV TR as key assets continued to mature. However, management retains their cautious approach to valuation. Our key takeaway is that AUGM’s investees look to have worked through the market headwinds and that the portfolio has a number well-funded, fast growing, larger investees (e.g. Tide, Zopa, Volt 40.8% of NAV combined) that have the capacity to drive strong NAV growth. AUGM currently trades on a c34% discount to NAV and tighter than the growth equity sector’s 4 ....
25 Jun 2024
A solid FY’24 sets scene for future NAV growth
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A solid FY’24 sets scene for future NAV growth
Augmentum Fintech PLC (AUGM:LON) | 0 0 (-1.1%) | Mkt Cap: 161.4m
- Published:
25 Jun 2024 -
Author:
Charles Murphy -
Pages:
3
In FY’24 AUGM delivered a 5.4% NAV TR as key assets continued to mature. However, management retains their cautious approach to valuation. Our key takeaway is that AUGM’s investees look to have worked through the market headwinds and that the portfolio has a number well-funded, fast growing, larger investees (e.g. Tide, Zopa, Volt 40.8% of NAV combined) that have the capacity to drive strong NAV growth. AUGM currently trades on a c34% discount to NAV and tighter than the growth equity sector’s 4 ....