Many of the LICs, do SPP to build up their market cap over time giving shareholders a chance to continue to build up their holding, brokerage free and usually with a discount. Most years ARG have a SPP. I normally participate each time and is a good way build up a share portfolio at a discount with no brokerage fees. ARG also increase their fees as ToH mentioned without increasing their MER. Win - Win. Better than the unlisted funds which charge for a fee for increasing your investment with a higher MER.
Though could have got some today at $7.12, but still happy
Ann: 2016 Share Purchase Plan details-ARG.AX, page-7
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Last
$9.19 |
Change
0.050(0.55%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $9.14 | $9.24 | $9.14 | $2.882M | 313.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $9.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.21 | 2127 | 1 |
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