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.
Argo used to trade above net tangible assets but has been...
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Last
$8.99 |
Change
0.000(0.00%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $9.01 | $9.09 | $8.97 | $4.437M | 491.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2478 | $8.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.03 | 2512 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
