Augmentum Fint. Share Price (AUGM)

Hi, Has anybody else (tried to) read the above. I have waded through and what I take from it isthat is a way that Levene and Mathews (and no doubt some other happy free loaders) can pay themself twice for the same job while creatively broadening other ways that they can reward themselves. Or am I wrong?

Steph posted this link on the GROW page, but it also refers to AUGM so I am pasting it here with thanks to her.

https://www.theaic.co.uk/aic/news/industry-news/killiks-gilligan-the-market-is-being-myopic-on-growth-capital-trusts

Good to see that Zopa have started advertising their new current account and allowing people to sign up. Looks like an attractive product but you can’t set it up using the current account switching service so it’s seems like a lot of effort on behalf of the customer to switch.

A report on Sky Business is suggesting a major fundraiser by our largest investment Tide:

“ Tide, the business banking services platform, has hired advisers to orchestrate a fresh share sale as it pursues rapid growth in the UK and overseas.

Sky News understands that Tide has been holding talks with investment banks including Morgan Stanley about launching a primary fundraising worth in excess of £50m in the coming months.

The share sale may include both issuing new stock and enabling existing investors to participate by offloading part of their holdings, according to insiders.

It was unclear at what valuation any new funding would be raised.

Tide was founded in 2015 by George Bevis and Errol Damelin, before launching two years later.

It describes itself as the leading business financial platform in the UK, offering business accounts and related banking services.

It now boasts a roughly 11% market share in Britain, along with 400,000 SMEs in India.

Tide, which employs about 2,000 people, also launched in Germany last May.“

Hmmm, Jurys out I am afraid, maybe to focused.

Herald Investment Trust up 17.7% since Aug 22, whereas Augmentum is still paralysed around 100p since Aug 22.

Hold both albeit five times as much in Herald - lets see where we go in the next few months with 3 years my limit.