AUGM’s muted, but positive, result (+0.8% TR) disguises strong portfolio progress including the emergence of key investees (e.g. Tide, Grover & Zopa 42.7% of NAV) with scaled businesses and significant momentum. Our read is that the portfolio has naturally rebalanced around its winners. This bodes well for future returns. We believe that the fund is poised to perform - driven by revenue and earnings growth (not exits). Trading a c.47% discount to NAV, AUGM is in line with its peers (av. discount ....
![working](/images/WorkingLarge.gif)
28 Nov 2023
Interim results – Poised to perform
![](/images/orange-lock.png)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interim results – Poised to perform
Augmentum Fintech PLC (AUGM:LON) | 0 0 (-1.1%) | Mkt Cap: 161.4m
- Published:
28 Nov 2023 -
Author:
Charles Murphy -
Pages:
3 -
AUGM’s muted, but positive, result (+0.8% TR) disguises strong portfolio progress including the emergence of key investees (e.g. Tide, Grover & Zopa 42.7% of NAV) with scaled businesses and significant momentum. Our read is that the portfolio has naturally rebalanced around its winners. This bodes well for future returns. We believe that the fund is poised to perform - driven by revenue and earnings growth (not exits). Trading a c.47% discount to NAV, AUGM is in line with its peers (av. discount ....