ARG and AUI, both fine LICs, closed with almost equal share prices today (ARG at $5.99, AUI at $6.00). ARG's most recently announced NTA was $5.32, compared with AUI's which was $6.02. Since these NTAs were announced, the ASX200 has risen 2.9%, so assuming an equal rise in the NTA of the two companies, we can estimate the following:
ARG's current NTA: $5.47
Premium: 9.5%
AUI's current NTA: $6.19
Discount: 3.1%
Why buy $5.47 worth of asset for $6, when you can spend the same amount and receive $6.19 in assets? As Buffett says, "price is what you pay; value is what you get". For now, I'd put a HOLD on ARG and a BUY on AUI (though, of course, a 'long term buy' on them both).
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Last
$9.04 |
Change
0.050(0.56%) |
Mkt cap ! $6.815B |
Open | High | Low | Value | Volume |
$9.00 | $9.09 | $8.96 | $2.777M | 307.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28339 | $9.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.04 | 3348 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 432 | 7.630 |
4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
Last trade - 12.34pm 25/11/2024 (20 minute delay) ? |
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