Augmentum had a positive write-up by Simon Thompson for Investors Chronicle following the company’s results last week.
“There is no doubt in my mind that Augmentum is performing well. Annual results revealed an unrealised portfolio gain of 18 per cent on invested capital. NAV rose more sedately, up 6 per cent to 116p a share, only because the cash raised from a placing last summer is still being invested. During the financial year, £17.8m of cash was invested in new investments, and a further £15m in exiting portfolio companies. Augmentum’s investment manager, Tim Levene, has enjoyed a fair amount of success.”
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