OB...very thorough and helpful report, as usual. It will be very interesting to get the portfolio update (again) at end of this week. I have taken a small position ahead of this as I agree with your analysis. I see JC has asked about WISE, which I am also invested in. Recent trading update confirmed that it is a fast growing company. My business associates all have WISE accounts for use on their travels. Market does not seem to understand the company (viewed as too expensive!!!), but I think this will change with its proposed US listing (see what happened to Indivior (INDV)).
I’d have preferred keeping this but - like Pinewood - I’ve sold at 1.2p below the offer price for AUGM this morning.
If the offer falls through then I’ll buy back in. In fact I was buying PINE today at 286p which is a bit ironic, considering I exited PINE at 476p, and bought more AUGM some weeks back!!
Must admit I am finding the Augmentum share price discount quite annoying. It sales are at prices well above NAV. Either they have some more significant sales or somebody may step in. It would fit very nicely into GROW. I suspect the size of the company maybe the problem. It would be very very nice fit for GROW.
I can't see TIDE coming to market anytime soon tons of growth there. Zopa on the otherhand should have come to market ages ago.
I own some AUGM as well. I've long thought that I could probably sell and buy it back in a year or two for roughly the same price. It's a nice little portfolio on an excessive discount, but the SP might spike if there's a lquidity event at any of their top holdings - so I hold it in a quiet corner of my portfolio...
Bought a small number of shares on 01/05/24 at 104p. Apart from a spike that summer it has never got above that price. Glad I didn't buy more.
Still, there is hope I suppose. Look at Seraphim Space Investment Trust (SSIT) which is now on an 8.74% premium after languishing at a discount for years.
I agree it’s naughty and with decent analysis of the sum of the parts, it’s patently obviously AUGM’s value is far higher than 111p. But plenty of opportunity to put the money to work…..
OB...very thorough and helpful report, as usual. It will be very interesting to get the portfolio update (again) at end of this week. I have taken a small position ahead of this as I agree with your analysis. I see JC has asked about WISE, which I am also invested in. Recent trading update confirmed that it is a fast growing company. My business associates all have WISE accounts for use on their travels. Market does not seem to understand the company (viewed as too expensive!!!), but I think this will change with its proposed US listing (see what happened to Indivior (INDV)).
Well played Oak Bloke, another great pick!
Hi John, thank you.
I’d have preferred keeping this but - like Pinewood - I’ve sold at 1.2p below the offer price for AUGM this morning.
If the offer falls through then I’ll buy back in. In fact I was buying PINE today at 286p which is a bit ironic, considering I exited PINE at 476p, and bought more AUGM some weeks back!!
Best
OB
Must admit I am finding the Augmentum share price discount quite annoying. It sales are at prices well above NAV. Either they have some more significant sales or somebody may step in. It would fit very nicely into GROW. I suspect the size of the company maybe the problem. It would be very very nice fit for GROW.
I can't see TIDE coming to market anytime soon tons of growth there. Zopa on the otherhand should have come to market ages ago.
Still holding - everytime this goes near 80p i top up.
OB any thoughts on Wise? Nasdaq listing in next 6 months. Seems to be a growth share with legs.
The company is run for the benefit of management.
I own some AUGM as well. I've long thought that I could probably sell and buy it back in a year or two for roughly the same price. It's a nice little portfolio on an excessive discount, but the SP might spike if there's a lquidity event at any of their top holdings - so I hold it in a quiet corner of my portfolio...
Like others, I have occasionally bought AUGM in the 80s and sold over 100p.
Was already rebuilding a holding but added a few more today after trimming a few THX, following its recent SP boom.
Thanks for the reassuringly in-depth analysis OB 👍👍
Bought a small number of shares on 01/05/24 at 104p. Apart from a spike that summer it has never got above that price. Glad I didn't buy more.
Still, there is hope I suppose. Look at Seraphim Space Investment Trust (SSIT) which is now on an 8.74% premium after languishing at a discount for years.
You know the buy out price is just too cheap but is a 32% gain from the 84p bought in at.
Hang on for counter offer?
https://www.theaic.co.uk/aic/news/industry-news/augmentum-fintech-soars-after-accepting-cheap-ps186m-cash-bid-at-a-30
I think its very naughty of the board to accept the bid without any market disclosure before hand.
Sell it and reinvest into CHRY?
I agree it’s naughty and with decent analysis of the sum of the parts, it’s patently obviously AUGM’s value is far higher than 111p. But plenty of opportunity to put the money to work…..