24th Nov 2022 13:50
Augmentum Fintech PLC - Fintech-focused investor - Net asset value at September 30 remains virtually unchanged at 155.0 pence per share, compared to 155.2p at March 31. Internal rate of return since initial public offering in March 2018 decreases to 19% from 23% at March 31. Further, turns to an interim pretax loss of GBP1.0 million for the half-year to September 30, from a profit of GBP30.5 million a year prior.
Looking ahead, the company expects investor sentiment towards the technology sector to remain subdued but adds that "the portfolio is well placed to benefit from the increasing digitisation of financial services, which continues despite stock market volatility".
Current stock price: 93.16 pence, up 5.9% on Thursday afternoon in London
12-month change: down 41%
By Tom Budszus; [email protected]
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