"big swing down from above $9 recently"
It never should have traded at $9.
There is no reason to pay more than pre-tax NTA for a LIC like Argo (and less for the cr*ap ones).
Argo's NTA in May was $8.27
The share price shot up to $9 leading up to the 1-8 rights issue in February @ $7.20
AT the time NTA was known to be $7.70
The $9 share price was crazy even after you take the rights issue entitlement into account.
"big swing down from above $9 recently"It never should have...
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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 | $2.835M | 313.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 28329 | $9.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.04 | 3379 | 5 |
View Market Depth
| Last trade - 13.13pm 25/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
