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IN BRIEF: Augmentum Fintech rises as net assets jump in full-year

ALN

Augmentum Fintech PLC - investment company focussing on the fintech sector - Net asset value after performance fee as at March 31 amounts to 155.2 pence, up 19% from 130.4p on the same date a year before. NAV per share after performance fee total return totals 19%, up from 12%, year-on-year. Attributes this to the good performance of its investment portfolio. Declares no dividend, as it is ‘focused on providing capital growth’. Says that its investment pipeline remains strong. Believes that it will generate ‘rewarding returns’ to shareholders, despite headwinds.

Current stock price: 114.29 pence, up 8.6% on Monday

12-month change: down 18%

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