ARG 0.46% $8.83 argo investments limited

falling below nta

  1. 141 Posts.
    Argo used to trade above net tangible assets but has been falling below in recent times.
    It is currently $5.87 against NTA (ex tax) of about $6.20 (based on $6.06 as at 30/9 and assumed increase since then based on rise in ASX 200).
    That makes the discount now 5%.
    Why pay retail when the market is on sale at a 5% discount?

    You can make large amounts on small margins on stocks like this because the risk is much lower as you have both diversity and greater certainty of valuation.
 
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Last
$8.83
Change
0.040(0.46%)
Mkt cap ! $6.815B
Open High Low Value Volume
$8.85 $8.85 $8.80 $585.8K 66.25K

Buyers (Bids)

No. Vol. Price($)
1 150 $8.82
 

Sellers (Offers)

Price($) Vol. No.
$8.85 6868 4
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Last trade - 10.19am 07/11/2024 (20 minute delay) ?
ARG (ASX) Chart
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