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0.00% $8.79 argo investments limited

arg holdings

  1. Sam02
    92 Posts.
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    03/05/07
    19:30
    Post #: 2416709
    What is the reasoning behind ARG holding shares in other LICs? In the lastest NTA announcment ARG announced they had large holdings in the following LICs

    Milton Corporation Ltd. $182.7million
    Australian United Investment Company Ltd. $122.1million

    Was it a case of Argo seeing MLT AUI trading well below NTA so they took advantage?

    I also have noted AFI have a sizeable stake in MLT.

    To me LICs holding other LICs would suggest at some stage they may have thought about a full merger. I am not suggesting any mergers will happen. Any thoughts on this?
    ARG Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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