ARG 0.11% $8.78 argo investments limited

arg vs aui

  1. 477 Posts.
    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).
 
watchlist Created with Sketch. Add ARG (ASX) to my watchlist
(20min delay)
Last
$8.78
Change
-0.010(0.11%)
Mkt cap ! $6.815B
Open High Low Value Volume
$8.85 $8.85 $8.75 $2.835M 322.4K

Buyers (Bids)

No. Vol. Price($)
1 65 $9.12
 

Sellers (Offers)

Price($) Vol. No.
$8.35 95 1
View Market Depth
Last trade - 15.59pm 07/11/2024 (20 minute delay) ?
ARG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.