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Augmentum Fintech PLC Shares News & Articles

Scottish Mortgage tackles NAV discount with £1 billion buyback while Witan invites new managers

Unlike investment funds, trusts can trade at a discount or premium to the underlying assets which can be to the advantage of potential buyers but a thorn in the side for existing shareholders and trust boards alike.Poor performance is often a key factor driving the share price below NAV (net asset value). Scottish Mortgage Trust (SMT) and multi-manager Witan Investment Trust (WTAN) sit on double-d

Scottish Mortgage sets aside £1 billion for buybacks in bid to bring in discount

?At least? £1 billion earmarked for buy-insPortfolio delivering strong resultsSignals confidence in portfolio valuationsFallen growth star Scottish Mortgage (SMT) has set aside at least £1 billion for share buybacks over the next two years as the FTSE 100 trust seeks to narrow its wide share price discount to NAV (net asset value), news which sent the shares up 2.1% to 797.2p on Friday morning.F

Blue-chip index FTSE 100 muted at open, Vodafone shares top gainers after Swisscom sale

Blue-chip European stocks were mixed on Friday morning, with a more robust than expected US producer price reading sapping some vigour out of equity markets, and focus now shifts to interest rate decisions from the Federal Reserve and Bank of England next week.The FTSE 100 index fell just 3.50 points to 7,739.65. The FTSE 250 climbed 43.09 points, 0.2%, to 19,529.10, and the AIM All-Share added 1.

Can the ‘Magnificent Seven’ ride higher again? The 2024 prospects for Meta, Apple, Alphabet, Nvidia, Microsoft, Amazon and Tesla

Mega-cap tech stocks drove the bulk of US stock market gains in 2023, but can the so-called ?Magnificent Seven? repeat the trick in 2024?While the odds seem stacked against a re-run of last year?s blistering capital returns over the next 12 months, Shares believes that the ?Magnificent Seven? will continue to beat S&P 500 rivals and top index averages. If you want high-quality growth in your portf
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