Venture capital returns take time to emerge. Augmentum Fintech (“AF”) is a relatively new fund, yet we already see material embedded value with some well-established, highly profitable investments – such as interactive investor. Its dedicated focus on Fintech eliminates distraction. Appraising several key investments individually, and using balance sheet carrying value for others, we calculate longer term fair value at 1.6x FY20 NAV – likely nearer 2x, with value outside the scope of our apprais ....
16 Jul 2020
Embedded value materially higher than NAV
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Embedded value materially higher than NAV
Augmentum Fintech PLC (AUGM:LON) | 0 0 (-1.1%) | Mkt Cap: 161.4m
- Published:
16 Jul 2020 -
Author:
Andrew Watson -
Pages:
3
Venture capital returns take time to emerge. Augmentum Fintech (“AF”) is a relatively new fund, yet we already see material embedded value with some well-established, highly profitable investments – such as interactive investor. Its dedicated focus on Fintech eliminates distraction. Appraising several key investments individually, and using balance sheet carrying value for others, we calculate longer term fair value at 1.6x FY20 NAV – likely nearer 2x, with value outside the scope of our apprais ....