well it looks like ARG is definitley underperforming the market.
they have lots of cash on the side lines waiting. If they trade for under NTA they may just perform a share buy back...
they are not massively undervalued at the moment i dont think.
I am waiting for the new NTA results to come out, but it looks like the sharemarket has rallied a lot since August 31... and ARG has gone nowhere..... NTA i'd imagine might be up over $6.00 but its hard to say, because BHP is there major investment and they are around the $39.00 mark..
If BHP gets back to $43-$45 i think youd see ARG around the $6.40 mark...
THe LICS's all Look interesting at the moment, I reckon there is some value there, are non are trading at a premium, nor should they, but ARG given historical performance should really trade at fair value.
It rose yesterday when the market fell, so maybe that is a sign that the market thinks, that they are undervalued.
well it looks like ARG is definitley underperforming the...
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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 |
View Market Depth
| Last trade - 10.19am 07/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
