ARG 0.11% $8.78 argo investments limited

Had a brief look at WAB (with which I was not previously...

  1. 477 Posts.
    Had a brief look at WAB (with which I was not previously familiar). Their latest NTA announcement says: "The portfolio includes unlisted securities at their cost of $41,632,174." Why not include these securities at fair value? This may be a reason for the substantial discount to NTA.

    Also, if the directors are concerned by the large discount, why not do a share buyback?

    ********************

    Smurigi, investing in companies because they have reliable dividends is probably a good strategy if you want to be able to rely on dividends for income. But using this criterion to select stocks that will yield the greatest RETURN (growth + divs) is not necessarily a wise move. If I may quote Jack Bogle from his "Little Book of Common Sense Investing":

    Consider, too, this caution from John R. Minahan, director of research at New England Pension Consultants: "I am amazed by all the managers that make an assertion of the type: 'In the long run X always wins,' where X could be dividend yield, earnings growth, quality of management, a quantitative factor or mix of factors, etc.--yet are unable to cite a reason why X should be systematically underpriced by the market. The managers may be able to point to data suggesting that X has been associated with excess returns in the past, but without a plausible explanation of why X should outperform. Such data do not convince me that X is likely to outperform in the future."
 
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.