23rd Nov 2021 14:32
Augmentum Fintech PLC - investment company focussing on the fintech sector - Announces net asset value increases to GBP267.3 million on September 30, up 45% from GBP183.2 million six months before. In the same period NAV per share increases to 142.1 pence from 130.4 pence.
Highlights an unrealised internal rate of return of 22% on investments since float in 2018. Augmentum describes "strong progress" made in portfolio companies with GBP44.5 million of capital deployed during period. However notes pipeline of investment opportunities under review significantly exceeds available cash.
"Our portfolio has continued to prosper over the last six months. The results published today reflect the continued potential of tech-led businesses and the efforts of many across our portfolio who seized opportunities from the recent step-change in financial services digital adoption. We continue to see unprecedented levels of fintech investment activity across Europe," comments Chief Executive Tim Levene.
Current stock price: 159.63 pence
Year-to-date change: up 19%
By Will Paige; [email protected]
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