ARG 0.11% $8.80 argo investments limited

ARG and AUI, both fine LICs, closed with almost equal share...

  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).
 
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