Investors Chronicle wrote about Augmentum in this article from 12 June:
“Augmentum Fintech(AUGM:111p), a leading venture capital investment group that became the first London Stock Exchange listed fintech fund when it raised £94m, at 100p a share in March 2018, has more than justified its inclusion in my 2019 Bargain Shares Portfolio.
This week’s maiden annual results revealed that Augmentum’s investment portfolio was valued at £77.6m, including valuation gains of £12.2m, and the company will have substantially fully deployed the remaining £25m of available cash by mid-2019. The seed portfolio has produced an eye-catching 28 per cent internal rate of return since launch, buoyed by hefty gains on its two largest holdings: Zopa, the world’s first peer-to-peer consumer lending platform; and interactive investor (ii), a leading UK investment platform offering analysis, tools and expert ideas to help investors make better informed investment decisions.
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With deal flow robust – the company’s investment managers made nine new investments out of the 675 opportunities reviewed and the current pipeline is worth £450m – then the directors will seek shareholder authority to issue new shares at the general meeting on Monday 1 July. Investor demand is likely to be robust. Buy.“
Read the full article here
